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FIELD TOUR PRESENTATION – Bankers Petroleum Ltd.

Bankers Petroleum Ltd. · Oct 31, 2014 · 30 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. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 1
    October 2014 Field Tour Presentation TSX AIM: BNK
  2. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 2
    Asset Overview- Albania Patos-Marinza Oilfield Largest onshore oilfield in Europe 100% W.I. and operatorship 220 Million Barrels 2P Reserves Kuova Oilfield 100% W.I. and operatorship 12 Million Barrels 2P Reserves Drilling…
  3. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 3
    Investment Highlights 232 Million barrels 2P Large Primary Reserves 5.4 Billion barrels OIIP Strong Record of Production Q3 2014 average production Growth 21,865 bopd Horizontal wells NPV 3.0 Million, Attractive Well Economics…
  4. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 4
    History of Patos-Marinza Patos-Marinza was first discovered by APOC (Anglo Persian Oil Co.) and developed in stages by 1928 1990 Russians and Albanians. 1990 Fall of Communism in Albania AAP (Anglo Albanian Petroleum, a partnership…
  5. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 5
    Strong Balance Sheet LIQUIDITY at June 30, 2014 Working capital of 191 Million; CASH of 55 Million Credit Facilities Facility Utilized Available Raiffeisen Bank 20 Million 0 Million 20 Million IFC / EBRD* 204 Million 104 Million 100…
  6. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 6
    Netbacks Netback (/bbl) 60 2012 2013 H1 2014 Q2 2014 Brent 111.67 108.66 108.93 109.67 Sales Price 79.73 85.39 87.00 86.68 50 (% of Brent) (71% ) (79%) (80%) (79%) Royalties 14.46 14.22 12.99 12.80 40 Transportation 2.38 2.44…
  7. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 7
    Resilient to Brent changes Economic wells down to 65/bbl Brent Capital program structured to allow for the ability to accelerate or defer capital quickly Ability to idle rig drillings and schedule regular maintenance of rigs during…
  8. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 8
    Engineered Momentum 10 15% annual production growth Execute Drilling Expanded to 6 drilling rigs in Q1 2014 Program Drill 150 - 170 horizontal wells in 2014 Optimize treating process and sourcing to reduce diluent costs Expand…
  9. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 9
    Patos-Marinza Average Quarterly Production 22,500 20,000 17,500 Horizontal Wells: 390 15,000 Production (bopd) 12,500 10,000 7,500 5,000 Vertical Wells: 120 2,500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3…
  10. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 10
    Patos-Marinza Activity 220 million bbls 2P reserves Average 9API Drilled 121 wells in 2014 to end of Q3 Multilateral first multilateral well 6 lateral redrills Water Flood Initiated 13 EOR patterns in 2014 Polymer Flood 12…
  11. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 11
    Kuova Activity 12 million bbls 2P reserves 12 17 API Lighter oil production will be used to offset diluent used in Patos-Marinza Future development to include EOR program Taken over 59 former Albpetrol legacy wells Completed 3…
  12. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 12
    Cost Structure Improvements Cost Potential Category Q1 2013 Q2 2014 Savings On-going Initiatives Savings (2-3 years) Produce lighter oil 0.50 - Proactive tank turnarounds Diluent 7.12 4.80 2.32 Optimize workovers 1.00 Optimize…
  13. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 13
    Percentage (%) 0.0% 100.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 20080101 20080401 20080701 20081001 20090101 20090401 20090701 20091001 20100101 20100401 20100701 20101001 20110101…
  14. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 14
    200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 0 Jan09 Mar09 May09 Jul09 Sep09 Nov09 Jan10 Mar10 May10 Jul10 Sep10 Consumption Nov10 Jan11 Mar11 May11…
  15. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 15
    Well Servicing Unit Cost Look-Back Loose Pump Trials Ramping-up Rod Lift Programs Initiated New Rod Fishing Tool Invented Corod and tubing rotators ramp up 16
  16. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 16
    Pump Change Frequency Look-back Pump Change / Quarter / Active Well 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 17
  17. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 17
    Tubing and Rod Failure Frequency Look-back Tubing Failures / Quarter / Active Well 0.16 0.14 0.12 0.10 0.08 0.06 0.04 0.02 0.00 Rod Failures / Quarter / Active Well 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 Opportunities for…
  18. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 18
    In-field Transportation Northwest gathering system Three separate gathering projects are underway in high traffic areas of the field. Engineering work, planning and equipment has been ordered for all three gathering systems…
  19. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 19
    North-East Gathering System Install proper gas gathering line Reduce existing trucking by 12,250 bpd (1,950 m3/d) 20% of potential total trucked volumes to be flowlined 20
  20. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 20
    West Water Line Install internally coated produced water line Reduce existing trucking by 15,725 bpd (2,500 m3/d) 25% of potential total trucked volumes to be flowlined 21
  21. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 21
    Water and Polymer Injection Water flood Implementation 1st Waterflood pattern initiated early Q2 2013 3 injection wells in the Upper Marinza (M0) formation at the end of Q3 2014 Initial patterns in 10 700 cP viscosity range Polymer…
  22. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 22
    Illustration Type Curve Early Stage 250 Oil rate plateau for 4-8 months Oil rate peak response (increasing water production Fully Supported Producer rate during period) 200 1 well converted at 12 months ( 50 bopd) Oil Rate…
  23. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 23
    EOR Pattern Performance M0 Water flood Patterns (10 250 cP) D5 Polymer Patterns (700 1,400 cP) 300 250 250 200 Oil Rate (bbl/d) Oil Rate (bbl/d) 200 150 150 100 100 50 50 0 0 0 10 20 30 40 50 Time from Start of…
  24. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 24
    Incremental EOR Production M0 Water Flood D5 Polymer Flood 700 500 450 600 400 500 350 Oil Rate (bopd) Oil Rate (bopd) 370 bopd 300 350 bopd 400 250 300 200 200 150 100 100 50 0 0 Jul13 Jul14…
  25. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 25
    EOR Facilities Commercial Polymer Skid has been fully commissioned and is in operation. Has the capacity to support future expansion 26
  26. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 26
    Off-take Infrastructure Export Pipeline: 2 year right of way on export pipeline route to the Vlore CTF 25,000 Port Terminal from Fier Hub. ARMO Refinery bopd Management currently considering 10,000 bopd refining treatment capacity…
  27. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 27
    Health, Safety, Environment & Community Relations Environmental Cleanup and remediation Meeting International standards Previous Albpetrol well Economic Health & Safety Health, Safety, Development Creating safe work…
  28. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 28
    Management Team David French Rob Carss President & CEO VP, HSSE Doug Urch Leonidha obo Executive VP Finance VP & General Director & CFO Albania Suneel Gupta Mark Hodgson VP, Business Executive VP & COO Development Bayne…
  29. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 29
    Board of Directors Private investor; over 20 years experience financing companies in the resource sector and is Robert Cross, Chairman on the board of several Canadian energy and mining companies Retired from President and CEO of…
  30. FIELD TOUR PRESENTATION – Bankers Petroleum Ltd. – slide 30
    Analyst Coverage Canaccord Genuity Christopher Brown Jennings Capital Mark Heim Industrial Alliance Cormark Securities Garett Ursu Amin Haque Securities Credit Suisse David Phung RBC Capital Markets Al Stanton FirstEnergy Darren…

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