EnerComs The Oil and Gas Conference 2011 August 15th, 2011
About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 315 MM Enterprise Value 211 MM Cash (06/30/2011) 136 MM Debt (06/30/2011) 32 MM Shares Outstanding 34.0 MM Institutional Ownership 72% * As of August…
2011 Outlook Harvest Value Created in Utah: Pay down debt Fund exploration /appraisal in Indonesia, Gabon and Oman Petrodelta growing production, cash flow, EBITDA and reserves Exposure to High Impact Exploration: Gabon oil…
Venezuela - Petrodelta 32% Equity interest in Petrodelta Six fields, 9.1 billion barrels of oil-in- place Growth underway Current production rate of 35,000 BOPD Successful Appraisal and Development Program ongoing in Temblador,…
Petrodelta Production 2011 Outlook 45 33,300 BOPD average full year 6 29,700 BOPD in the first half of 2011 40 35,000 BOPD current 5 200 million Capex 35 69 million in the first half of 2011 July 2011 Barrels of Oil Per Day…
Petrodelta Well Economics PETRODELTA Average 2010 Ryder Scott Report Average Actual New Wells Best Actual New Well Well Results and Economics Average Average Actual Best Actual Oil Wells Drilled January-June 2011 PETRODELTA…
Petrodelta Reserves Valuation At December 31, 2010 Six fields with 9.1 billion barrels OOIP 50.0 million BOE net Proven, 171 million BOE net Probable and Possible 2011 Drilling Program at El Salto, Temblador and Isleo fields will…
Indonesia - Budong-Budong 2011 Well Locations 747,862 acre PSC, Onshore West Sulawesi, Indonesia 64.4% interest Thrust fold belt LG-1 Several oil and gas surface seeps present 2011 Work Program Exploration drilling 2 wells…
Lariang - LG Follow-up Prospects Doda anticline LG structure LG-1 Untested shallow amplitudes anomaly on the flank of LG Untested hydrocarbons 450 530m Gas Kick 618m LG Flank Gas Condensate from stratigraphic MDT…
KD-1 Exploration Well KD-1 OBJECTIVE: Eocene (Primary) Miocene (Secondary) 13 3/8 984m Back-thrust Anticline KD-1 spud on June 20th, 2011 Good seismic response and amplitudes at Intra- Eocene level Close proximity to…
Why are we here Two Major Sub-Basins Source kitchen known Extensive oil and gas seeps Undrilled structures on seismic and surface anticlines Proven Trap System Seal proven by LG-1 well Large-scale opportunity 18 prospects and…
Gabon - Dussafu 680,000 acre PSC, Offshore Gabon 66.667% operated interest Proven hydrocarbon system Existing discoveries on license area Prospectivity identified at multiple levels Post-Salt Pre-Salt Gamba Pre-Salt Syn-Rift…
Dussafu - Ruche Marine-1 Ruche Marine-1 Pre-salt play with stacked targets Visualization of Ruche Gamba structure under Salt Results Gamba - 60 feet of pay, 90 foot oil column Middle Dentale - 35 feet of oil pay 2 sidetracks to…
Walt Whitman & NW Satellite Walt Whitman-1 Average Walt Whitman porosity North West Walt Whitman prospect Walt Whitman-1 (96) encountered 55 feet oil column in Gamba sst, 25% porosity Hanging wall 4-way closure Areal…
Ruche Path Forward Visualization of Gamba structure Cluster Development with Ruche (green) and Prospects Geoscience & Moubenga (yellow & Ruche distance Km) Reservoir Updip (13km) Hibiscus Lead 6 North (6 km) Post Well Analysis (4…
Why are we here Proven hydrocarbon system N Discoveries - Ruche (oil), Moubenga NW Walt Leads (oil), Walt Whitman (oil), GMC-1X Whitman 12-15 (gas/condensate) Moubenga Prospectivity at multiple levels Hibiscus Walt North…
Oman Al Ghubar/Qarn Alam 956,000 acre EPSA, Onshore Oman 80% operated interest (Oman Oil has a 20% interest) Large Paleozoic gas and condensate play in Ghaba Basin beneath shallow oil fields Proximal to infrastructure for…
Mafraq South Resource Exposure Large salt supported high with stacked MFS-A Well reservoir targets in Barik, Miqrat and Amin Location Formations in both footwall and hanging wall blocks 4 prospects evaluated and risked with 2…
Al Ghubar Resource Exposure AGN-A Well Location Al Ghubar North Gross Unrisked Prospective Mean P10 P90 Resources (MMBOE) Barik 214 395 70 (Primary Target) Miqrat 40 79 10 Net NPV10 (Unrisked) = 500 MM Al Ghubar Estimated…
Why are we here Large-scale opportunity Big Paleozoic structures in proven basin Updip from fields with 18 TCF gas and 500 million barrels condensate Guaranteed offtake and gas price by Omani Government Existing domestic…
Value Exposure of HNR Portfolio Exploration EMV Share Price Exposure (Based on Mean Resources, 80/BBL WTI and 34 MM shares) /share 2,000 120 Contingent & 1,766 Prospective 1,800 Resources 100 1,600 1,400 80 52.00 NET EMV…
2011 Program 2011 2012 Project/Unit Country Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Budong Indonesia Exploration Drilling 2 wells Contingent Appraisal Drilling Contingent Contingent Development Dussafu Gabon Exploration Drilling 1 well 1 well…
Why Invest in Harvest Demonstrated ability to generate value through exploration 2011 exposure to high-potential exploration prospects in Indonesia, Gabon and Oman Strong Balance Sheet and Organization Significant Valuation…
Appendix NYSE: HNR www.harvestnr.com 25
Budong Prospect Inventory Prospective Resources Estimates Unrisked Recoverable Oil/Condensate MMBBL Overall Name Formation Prospect P90 P50 P10 Mean COS LH KD Eocene 37 103 219 118 24% LA KD Intra-Eocene1 17 46 93 51 20% LBa LB…
Dussafu Prospect Inventory Contingent and Prospective Resources Estimates Unrisked Recoverable Overall Oil/Condensate (MMBBL) Lead/ Name Formation 31 Prospect 28 P90 P50 P10 Mean COS 33 Walt Whitman Gamba 2 4 6 4 100% GMC-1x…
AGQA Prospect Inventory Prospective Resources Estimates Volumes are presented on a gross basis Contingent resources are resources that are potentially recoverable but not yet considered mature enough for commercial devel opment…
Loading...
