RIALTO WEST AFRICA AFRICA OIL and GAS SUMMIT, LONDON 28th-29th January 2013 CHARLES NIETO, CHIEF OPERATING OFFICER 1
RIALTOS OFFICES & ASSETS DUAL LISTED ON ASX (RIA) AND AIM (RIA) Operating Philosophy: Zero LTI Strong local partnership Fully staffed technical team, sub-surface, drilling, testing, and Facilities Engineering Leading Edge…
RIALTO ENERGY COTE DIVOIRE OPERATED BLOCK CI-202 IN THE WEST AFRICAN TRANSFORM MARGIN Jubilee Field 4
REGIONAL INFRASTRUCTURE CONCEPT Mature Gas Market and Onshore Infrastructure Mature Power generation network, CI exports electricity from gas fired power stations Major new energy-intensive mining projects planned Current gas…
CI202 - OVERVIEW 15 wells drilled on block: 14 recovered HCOs to surface 8 Exploration wells 4 discoveries Additional discovery extends onto block Reservoir deliverability confirmed by single zone test rates of: Gas…
RIALTOS CURRENT WORK PROGRAMME Rig contracted for firm drilling programme Work toward regional infrastructure plans Seeking Industry Partner for 2013 E&A Drilling Programme CPR up-dated to incorporate: o 3D seismic…
OPERATIONS 8
CORPORATE SOCIAL RESPONSIBILITY Built schools in Tankesse and Kokomian Renovating orphanage and building & equipping medical centres We respect the community and are sensitive to local customs 9
COMPANY HSEQ STANDARDS Incorporated IFC Performance Standards and EHS guidelines into Rialtos policies and procedures Maintain minimal impact to the environment 10
3D ACQUISITION AND PROCESSING 2012 Modern acquisition design & technology 860km2 full fold data + 140km2 MAZ State of art PSDM processing sequence Significant uplift in seismic imaging Accurate definition of existing discoveries…
RIALTO AS A DRILLING OPERATOR 2012 Experienced West Africa Drilling Team Successfully drilled 2 wells a Sidetrack & DST, at 40 deviation to 3500m 207 rig operating days and 267,000 man hours worked ZERO LTIs Improvements made to rig…
EXISTING DISCOVERIES GAZELLE, HIPPO, BUBALE, AND ADDAX 13
EXISTING DISCOVERIES 14
CONTINGENT RESOURCES Contingent Oil Resources Contingent Gas Resources (mmbbls) (Bscf) Gazelle Field Condor Hippo-Bubale Addax Gazelle Field Condor Hippo-Bubale Addax 5.7 0.3 9 19 105 143 15.1 13 Contingent Resources…
GAZELLE FIELD Two 2012 appraisal wells plus sidetrack (2 wells suspended as future GAZELLE producers) Complex Geology Static Model being built CPR revision New 3D MAZ seismic to optimise positioning of future producers…
HIPPO AND BUBALE FIELDS Inline from 2012 Polarcus 3D Seismic Bubale Canyon Hippo Canyon IVCO-22 Missed high N:G axis Net pay 18m Test flow rates of 2000bpd Planned Appraisal well Hippo 1 Gas Discovery Encountered high…
ADDAX FIELD IVCO-13 IVCO-25 Oil Leg 18
PROSPECTS FOR 2013 DRILLING 19
PROSPECTIVE RESOURCES Prospective Resources Prospective Resources Oil and Condensate (mmbbl) Gas (Bcf) Area Mean (Bscf) GPoS (%) Area Mean (Bscf) GPoS (%) Condor 20 16-27 Condor 999 16-27 Faucon 181 12-23 Faucon 111 12-23 Arius 289…
CI-202 2013 DRILLING PROSPECT LOCATIONS Appraisal Well Locations Oil Gas Exploration wells Vantage Sapphire Rig 2013 Prospects contracted Condor Gazelle Drilling programme starting May 2013. Greater New 3D has upgraded prospect…
GROWTH FAULT - CONDOR PROSPECT Growth fault with thick Ceno-Turonian Fill Red Horizon Structure Map Hydrocarbons proven in Lower Cenomanian in P3-ST1 well Thick section to north of Gazelle against fault Numerous prospective…
SENONIAN FANS - ARIUS PROSPECT Top Arius Amplitude Thick Anomalous Ceno-Turonian Base of Slope Fan Hydrocarbons up-dip (IVCO-18) and down-dip (B3-X) Analogous to nearby Jubilee / Tweneboa fan system discoveries Well defined…
SLOPE CANYONS - CHOUETTE PROSPECT Thick Anomalous Ceno-Turonian Slope Canyon Top Chouette Depth Adjacent to & to analogous Hippo & Bubale slope canyon discoveries Well defined seismic-stratigraphic geometries & amplitude trends…
CENOMANIAN FOUR WAY DIP FAUCON PROSPECT Faucon Lower Cenomanian 4 way dip- channel and fan complex Same depositional fairway as pay sands in IVCO24 Gazelle P4, IVCO13 & gas sands in IVCO-2, 10 & 15 Four way dip closed structure,…
VOLUMETRICS MEAN RESOURCES Prospective Resources 1,387 mmboe* & Contingent Resources 85 mmboe* Mean Prospective Resources, Prospects Mean Resources, Unrisked Unrisked 1387mmboe* Gazelle 2% Mean Prospective v Contingent…
ACCRA BLOCK, GHANA 27
OFFSHORE ACCRA BLOCK OVERVIEW Key Facts Block : Offshore Accra Ratified by Parliament Hess announce fifth discovery : March 2010 on block Gross Acreage : 2,000 sq km Pecan-1, 75m of oil pay in Operator Turonian : Ophir…
ACCRA BLOCK OVERVIEW High impact exploration opportunity in a politically stable environment Offshore Ghana has been the location of several world class oil discoveries in the last five years Jubilee; Tweneboa; Odum; Teak and most…
CONTACTS Rialto Energy Limited Jade Hockie Telephone: +44 (0)20 7042 8500 Email: IRrialtoenergy.com Investec Ben Colegrave, Chris Sim and Neil Elliot Telephone: +44 (0)20 7597 4000 Email: rialtoinvestec.co.uk Buchanan Ben Romney or…
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