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May 2015 Annual General Meeting – Xcite Energy Ltd.

Xcite Energy Ltd. · May 14, 2015 · 22 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. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 1
    ANNUAL GENERAL MEETING 14 May 2015 Radisson Blu Hotel, Dublin www.xcite-energy.com
  2. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 2
    TIM JONES CHAIRMAN Xcite Energy Limited 2015 AGM 3
  3. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 3
    Agenda Introduction Chief Executives Review Q&A Resolutions Xcite Energy Limited 2015 AGM 4
  4. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 4
    Significant progress on all fronts 2014/15 Bentley Re-financed the balance sheet Heavy oil: 10-12 API Created a development group to support the Bentley project High permeability reservoir: 47D Entered into collaborations Wood…
  5. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 5
    RUPERT COLE CHIEF EXECUTIVE OFFICER Xcite Energy Limited 2015 AGM 6
  6. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 6
    Understanding what we have, and exploiting that. Identify Risks and Uncertainties Manage Risks and Uncertainties Wells Reservoir Drilling Controls Structure Facilities Fluids Chemistry Technology Drive Costs Appraisal…
  7. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 7
    Continual improvement cycle..within our control Assets selection Understand reservoir, Refine Develop fluids, structure Construction location, methodology execution subsurface Advanced modelling Installation strategy model…
  8. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 8
    Cost-effective, sustainable development plan 2015 2P Reserves increased to 265 MMstb NPV10 increased to 2.3bn Xcite Energy Limited 2015 AGM 9
  9. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 9
    Bringing it all together Progress on many fronts Advanced our understanding of the reservoir and fluids Technical and engineering programmes Further optimisation of the development plan and execution strategy Better definition over…
  10. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 10
    Understanding what we have, and exploiting that. Identify Risks and Uncertainties Manage Risks and Uncertainties Wells Reservoir Drilling Controls Structure Facilities Fluids Chemistry Technology Drive Costs Appraisal…
  11. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 11
    Develop subsurface clarity Depositional model defined Facies distribution 2014 Improved control on reservoir distribution Reservoir Detailed properties Improved updated petrographic geological review Bentley definition…
  12. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 12
    Fluid Analysis The Bentley Flow Loop PVT Analysis Dead Oil Analysis Compatibility Analysis Assay Water Chemistry Gas Analysis Production Chemicals Testing EOR Xcite Energy Limited 2015 AGM 13
  13. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 13
    Optimising the development plan: Wells learning curve A North Sea Example The Importance of Planning The The Rate of Learning Achieved Drilling Performance Limit The Technical Limit well 1 well 2 well 3 well 4 well 5…
  14. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 14
    Optimising the development plan: Reducing risk, maximising security Risk assessment Quad Lateral Base Case Design Decision Matrix - Well Configuration Well Lateral Configuration Acceptable Single Dual Dual-Dual Tri Quad 5, 7 or 9…
  15. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 15
    Optimising the development plan: Maximise well coverage Maximise Well Coverage Extended reach wells Remove subsea wells Increased reservoir drainage Xcite Energy Limited 2015 AGM 16
  16. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 16
    Managing water is an essential feature for recovery Modelled Saturation after 35 Years Production Understand Reservoir, Fluids Homogeneous, high net to gross reservoir, 47D, 1500cP 15 bn barrel aquifer - bottom-drive Strong…
  17. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 17
    Production profiles reflect high water cut and longevity Full Field (FPD + SPD) FPD: 24 slots 21 producers; 3 water injectors; 270k fluid facilities SPD: 20 slots 14 producers; 3 water injectors; 1 gas producer; 2 spare; 270k fluid…
  18. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 18
    Optimising the development plan 2014 RAR 20 slot FPD Platform (PUQ); Remote Floating Storage and Offloading (FSO) vessel with 1.7km Pipeline Bundle; Gas Import facilities; Subsea Satellites for Bentley North and West (Producers…
  19. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 19
    First Phase Development (FPD) Concept Xcite Energy Limited 2015 AGM 20
  20. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 20
    Reserves Assessment Report - 2015 Unescalated Costs 2014 (2P) 2015 (2P) Comments Reserves 257 265 Better reservoir modelling, optimised drilling strategy and increased fluid handling capacity Drillex 1,979m 2,886m 35 v 29 wells;…
  21. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 21
    Summary It has been a highly productive year Bentley development plan is in good shape Continue to focus on factors we can influence Creating funding options to deliver the desired outcome funding for the Bentley FDP Thank…
  22. May 2015 Annual General Meeting – Xcite Energy Ltd. – slide 22
    Questions & Answers Xcite Energy Limited 2015 AGM 23

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