The Company Independent upstream oil and gas company Publicly listed traded on the NASDAQ since 1972 (ticker MPET) Headquartered in Denver, Colorado 37 employees globally Under new management since 2011 Montana - USA…
The Company Continued Market Cap(1) 45 m PV-10(3) proved reserves 130 m Cash(2) 38 m Enterprise value 34 m Production(4) 301 boepd EV/BOE of proved reserves(3) 3 Proved reserves(5) 10.8 MMboe EV/BOE of production(4) 104 k % Oil…
Proved Reserves1 EV / BOE: 3 / PV-10: 130 m Proved Reserves PV-10 ( m) 21% 27.3 10.8 130.1 m MMboe 12% 15.6 67% 87.2 PDP PDNP PUD PDP PDNP PUD Oil / Gas Proved Reserves Ratio Proved Reserves by Geography 18% 18% 10.8…
Experienced Leadership Robin West (66) Chairman Tom Wilson (61) CEO Founder, CEO of PFC Energy Former President of KMOC and Anderman Former Reagan Administration Assistant International Secretary of the Interior (1981-83), responsible…
One Stone Convertible Preferred Allows to increase net asset value per share On May 10, 2013, Magellan issued 23.5 m of convertible preferred stock to One Stone Energy Partners, a NY based private equity fund Rationale Key…
Poplar CO2 Enhanced Oil Recovery project in progress 22,000 net unitized acres ANALOGOUS CO2-EOR PROJECTS(1) Covers Poplar Dome, the largest geologic structure in the western Williston Basin Substantially all of the acreage…
CO2-EOR Development Milestones Potential additional proved reserves of 50 MMbbls Step 1: Lab tests (completed Aug 2012) Confirmed miscibility of CO2 and oil from Poplar Conducted by Core Laboratories Step 2: Pilot 5 well pilot…
CO2-EOR Analogs Analogous to successful CO2-EOR projects Poplar is analogous to Midale and Recovery potential(1) Weyburn, two oil fields with highly successful CO2-EOR projects in Williston Basin Poplar produced 52 MMboe since…
Poplar Several reserve development opportunities Charles Approximately 275 bbls/day CO2 EOR: pilot project in 2013 Bakken / Three Forks / Nisku VAALCO test well results pending CO2 Flood Other development opportunities…
Australian Onshore Assets Continued gas marketing efforts for Palm Valley and Dingo Palm Valley 11 Bcf of proved gas reserves and 14 Bcf of probable gas reserves Proved reserves PV-10: 10 m 100% owner / operator Currently…
Australia Offshore Bonaparte Basin 3D seismic results expected Summer 2013 NT/P82 Long term development opportunity 2 potential prospects Potential reserves of 1 to 3 Tcf 100% working interest 3D seismic survey results…
UK Shale High potential from unconventional prospects 200,000 net acres 11 licenses Celtique operated (50%) In Dec 2012, England lifted its moratorium on fracking, Acquired 175 km 2D seismic in July which had prevented the…
Asset Overview Several transformational assets with clear development timeline CO2 Pilot CO2 pilot prelim. begins results 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 Australia Onshore Australia UK: Drill 1 offshore 3D gas contracts…
Investment Considerations Existing production and three high-growth assets Favorable market dynamics Control of core assets Strong oil pricing in the US 100% ownership Poplar CO2-EOR Australian gas market robust pricing 100%…
Loading...
