EnerComs The Oil and Gas Conference 2012 August 13, 2012
About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 335 MM Enterprise Value 322 MM Cash (06/30/2012) 29 MM Debt (06/30/2012) 16 MM Shares Outstanding 37.4 MM Institutional Ownership 75% * As of August…
Highlights Increased gross production in Venezuela to 39,000 BOPD, an increase of 25% over average 2011 Q2 2012 oil production of 36,418 BOPD, 19% above Q2 2011 Production increases driven by drilling and infrastructure buildout…
2012 Outlook Petrodelta growing production, cash flow and EBITDA: Q2 2012 vs. Q2 2011: Oil Production: Increased 19% EBITDA: Increased 19% Cash From Operations: Increased 32% Estimated 40,300 BOPD average for 2012 Exploration…
Venezuela - Petrodelta 32% equity interest in Petrodelta Six fields, 9.9 billion barrels of gross oil- in-place after 2012 remapping Growth underway Current production rate of 39,000 BOPD, 25% above 2011 average Isleo producing…
Petrodelta Production 2012 Outlook 70 40,300 BOPD average full year 9 Current 37,300 BOPD average July 2012 39.0 MBOPD 8 60 300 million capex for 2012 New fields infrastructure Average July 5 rigs for development wells 2012 37.3…
Petrodelta New Facilities Flare Compression and Gas Treating Water Treatment Fire Water System El Salto Field Phase 1 to 50 MBOPD Planned central processing facility layout Phase 2 to 100 MBOPD Phase 3 - 100 MBOPD…
Petrodelta New Facilities El Salto Field Three phase separator being installed as part of facility expansion NYSE: HNR www.harvestnr.com 8
Petrodelta New Facilities El Salto Field Heater treater installation underway as part of facility expansion NYSE: HNR www.harvestnr.com 9
Petrodelta New Facilities Temblador Field Free-water knockout and treater operational with capacity of 15 MBOPD NYSE: HNR www.harvestnr.com 10
Petrodelta Reserves Valuation Net HNR reserves at December 31, 2011 103.8 million BOE Proved and Probable 210.5 million BOE Proved, Probable and Possible 2012 drilling program at El Salto, Temblador and Isleo fields will continue to…
Dussafu - Tortue Marine-A Tortue Marine-A Post & pre-salt plays with stacked targets 4-way closure at pre-salt Gamba and Dentale levels Gamba top structure at 9120 ft subsea Middle Dentale top structure at 9990 ft Gamba subsea…
Dussafu - Potential Value Unrisked Resources Mean N (MMBBL) Moubenga Walt Contingent Resource 23 Whitman Prospects (12) 235 Leads (12) 170 TOTAL 428 Ruche Visualisation of Gamba structure with Discoveries (green) and…
Indonesia - Budong-Budong 747,862 acre PSC, onshore West Sulawesi, Indonesia Tike 1 HNR PROPERTIES Lariang 1S BACKTHRUST PROSPECTS/LEADS 64.4% interest FOLDBELT PROSPECTS/LEADS STRATIGRAPHIC PROSPECTS/LEADS License commitments…
Oman - Block 64 956,000 acre EPSA, onshore Oman Ghaba 80% operated interest (Oman Oil has a 20% East interest) Ghaba Large Paleozoic gas and condensate play in Flank Ghaba Basin beneath shallow oil fields MFS 1 Proximal to…
Asset Portfolio After Tax Expected Mean Value Net EMV (US MM) 800 700 600 525 524 500 420 USMM 400 300 200 100 0 After Tax Petrodelta Dussafu Exploration Upside Transaction Value Net EMV Dussafu…
2012 Program 2012 Project/Unit Country Q1 Q2 Q3 Q4 Budong Indonesia Exploration Plan Decision Point Exploration Drilling Exploration Well Planning, Design & Procurement Appraisal Drilling LG-1 & KD-1 well post-mortem, structural…
Why Invest in Harvest Demonstrated ability to generate value through exploration with exposure to high-potential exploration prospects in Indonesia, Gabon and Oman Building pipeline of future oil-focused plays Strong balance…
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