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GHS 100 Energy Conference – Harvest Natural Resources Inc.

Harvest Natural Resources Inc. · Jun 25, 2013 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 1
    Global Hunter Securities 100 Energy Conference June 25, 2013
  2. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 2
    About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 125 MM Enterprise Value 173 MM Cash (03/31/2013) 31 MM Debt (03/31/2013) 79 MM Shares Outstanding 39.5 MM Institutional Ownership 75% * As of June 20,…
  3. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 3
    Highlights Venezuela continues strong production growth Up 16% in 2012 Current production 40,000 bopd, up 11% vs 2012 average 2 for 2 Exploration in pre-salt offshore Gabon Ruche discovery in 2011 Tortue discovery in 2013 49…
  4. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 4
    Venezuela - Petrodelta 32% Equity Interest in Petrodelta Six fields, 9.9 billion barrels of gross oil-in-place Growth underway Current production rate of 40,000 bopd Successful development program ongoing in Temblador, Isleo and…
  5. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 5
    Barrels of Oil Per Day (000's) (Gross) NYSE: HNR 0 10 20 30 40 50 60 Jan-04 Mar-04 May-04 Jul-04 Sep-04 2004 Nov-04 Jan-05 Mar-05 May-05 Jul-05 2005 Sep-05 Nov-05 Jan-06 Mar-06 May-06 Jul-06…
  6. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 6
    Petrodelta Reserves Valuation At December 31, 2012 Six fields with 9.9 billion barrels gross OOIP 38.4 million BOE net Proven, 166.2 million BOE net Probable and Possible 2013 Drilling Program at El Salto, Temblador and Isleo…
  7. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 7
    Gabon Dussafu Block 680,000 acre PSC, Offshore Gabon Dussafu License 66.667% operated interest 49 MMBO mean contingent resources discovered 3rd Exploration Period Extends to May 27, 2016 Work commitments completed Key HNR…
  8. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 8
    Dussafu Tortue Discovery Tortue Exploration Well DTM-1 Tortue Marin-1 Oil discovery in pre-salt Gamba and Dentale reservoirs, 53m net pay Appraisal sidetrack DTM-1 ST1, 20m net pay in Dentale Well suspended pending future…
  9. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 9
    Dussafu - Ready for Development Work-In-Progress Subsurface Engineering Project and Facilities Engineering Logistics Planning Well Completion Design Equipment Selection Expect FEED complete 3Q 2013 First production by late…
  10. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 10
    Dussafu Resource Potential Exploration Prospects and Leads Resource Type Mean MMBO Unrisked Unrisked Recoverable Overall STOIIP Name Formation Reserves Lead/Prospect Oil/Condensate (MMBBl) COS Contingent Resource 49 P10 Mean P10…
  11. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 11
    Dussafu Outboard Leads Dussafu outboard leads compare with nearby exploration activity Total / Cobalt / Marathon drilling Diaman-1 targeting 250- Dussafu Outboard Leads 800 MMBO Based on 2D seismic Shell / CNOOC expected to drill 2…
  12. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 12
    Dussafu Potential Value, Net to Harvest 1,600 Total Mean Value: 1497 1,400 1,200 Exploration Program Mean 663 Risked Value: 947 MM 10% discount rate 1,000 800 1,497 Contingent Resources 284 600 Mean Value: 550…
  13. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 13
    Indonesia - Budong-Budong 611,943 acre PSC HNR LICENSE 71.5% WI - Onshore West Sulawesi BACK THRUST PROSPECTS/LEADS FOLD BELT LEADS 4 year extension to Jan 2017 STRATIGRAPHIC PROSPECTS/LEADS Harvest became operator in April…
  14. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 14
    Budong-Budong Madjene Prospect Unrisked Gross Mean P10 COS Madjene Prospect Reserves MMBO MMBO % Thrusted anticline Pliocene 490 Sand 44 74 30% Stacked reservoir targets Pliocene and Miocene sands Upper Miocene Sand 37 64 21% 96…
  15. GHS 100 Energy Conference – Harvest Natural Resources Inc. – slide 15
    Why Invest in Harvest Significant Valuation Gap Currently trading at 1/3 of the after-tax proceeds from failed Petrodelta sale Trading at a discount to valuation of contingent resources for existing discoveries in Dussafu Block in…

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