IPAA Oil and Gas Investment Symposium April 16th - 18th, 2012
About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 226 MM Enterprise Value 200 MM Cash (12/31/2011) 58 MM Debt (12/31/2011) 32 MM Shares Outstanding 37 MM Institutional Ownership 85% * As of April 9,…
2011/2012 Highlights Closed the sale of Utah assets in May 2011: Received proceeds of 217.8 million (net 205 million) 138% return on investment Increased gross production in Venezuela to 11.4 million barrels of oil, an increase of…
2012 Outlook Petrodelta growing production, cash flow, EBITDA and reserves Exposure to High Impact Exploration: Analyze commercial development options of the discoveries in Gabon. Process and evaluate new 3D followed by two well…
Venezuela - Petrodelta 32% Equity Interest in Petrodelta Six fields, 9.1 billion barrels of gross oil-in-place Growth underway Current production rate of 37,000 bopd, 18% above 2011 average Successful development program ongoing…
Petrodelta Production 2012 Outlook 50 40,300 BOPD average full year 6 34,400 BOPD average March 2012 Current 37.5 MBOPD 37,540 BOPD 1st week of April 2012 45 300 million Capex for 2012 5 40 New fields Infrastructure Average…
Petrodelta New Facilities El Salto Field New FWKO and Separators with capacity of 20 MBOPD NYSE: HNR www.harvestnr.com 7
Petrodelta New Facilities El Salto Field ELS 31 Flaring Facility NYSE: HNR www.harvestnr.com 8
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 Temblador Field New FWKO and Treater with capacity of 15 MBOPD NYSE: HNR www.harvestnr.com 10
Petrodelta Reserves Valuation At December 31, 2011 Six fields with 9.1 billion barrels gross OOIP 43.3 million BOE net Proven, 167.2 million BOE net Probable and Possible 2012 Drilling Program at El Salto, Temblador and Isleo fields…
Indonesia - Budong-Budong 747,862 acre PSC, Onshore West Sulawesi, Indonesia Madjene Prospect 64.4% interest License commitments fulfilled Final relinquishment due in Jan 2013, 20% of original area to be retained (271,429…
Gabon - Dussafu 680,000 acre PSC, Offshore Gabon 66.667% operated interest 2nd Exploration Period extended until May 27, 2012 Option to enter 3rd Exploration Period 4 year term being negotiated 2012 Activity Exploration…
Dussafu Resources Proven hydrocarbon system N Discoveries - Ruche (oil), Moubenga NW Walt Leads (oil), Walt Whitman (oil), GMC-1X 1215 Whitman (gas/condensate) Moubenga Hibiscus Walt Prospectivity at multiple levels Whitman…
Oman Block 64 956,000 acre EPSA, Onshore Oman 80% operated interest (Oman Oil has a 20% interest) GHABA FLANK Large Paleozoic gas and condensate play in Ghaba Basin beneath shallow oil fields Proximal to infrastructure for…
Value Exposure of HNR Portfolio Exploration EMV Share Price Exposure (Based on Mean Resources, 96/BBL WTI and 37 MM shares) /share 450 70 412 400 Contingent & 60 Prospective Resources 350 300 50 8.10 BUDONG 300 NET EMV 10%,…
2012 Program 2012 Project/Unit Country Activity Q1 Q2 Q3 Q4 Seismic & G&G Exploration Plan Decision Point Explorat ion Well: Tendering & Procurement Exploration Drilling Engineering & Well Design Budong-Budong Indonesia Appraisal…
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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