AGM Presentation May 2015 John Wardle Chief Executive Officer Sandra Patricia Ramirez HSEQP Manager Laura Carolina Gaviria Planning & Development Coordinator www.amerisurresources.com a Latin American Producer and Explorer
Summary Executive Summary Strong positive operating cashflow at lower prices Good results in 2014 Positive cash flow at current pricing Q1 reorganisation strengthens cash generation and conserves balance sheet and future value…
Amerisur in Summary Asset Overview Colombia Platanillo field located in the Putumayo basin Caribbean Sea 2014 Production 2.278 MMBO Venezuela 5.35 MMBO produced to date FENIX Exploration block Put-12 east of Platanillo (60%…
Amerisur in Summary Oil Price Scenario Source: NASDAQ 5
Amerisur in Summary Oil Price Scenario Source: NASDAQ 6
Amerisur in Summary Oil Price Scenario Source: Investec 7
Projection 2015 2015 Operating Plan and Financial Forecast OPEX Optimisation Temporarily trimmed production to remove higher lifting and transport costs Pad-3N reactivated April due to lower costs and Orito access 5,000+ BOPD until…
Colombia Platanillo Drilling Platanillo Summary of Future Upside Lots of running room still to go Area Next Steps Upside Potential Some infill and continued Light oil, good production U sand Development structures to the north…
Colombia Platanillo Drilling Platanillo Summary of Future Upside Lots of running room still to go Campo Platanillo: Pozos nuevos & 17 Exploracin 2015
Colombia Platanillo Drilling Upside Proven in T Sand Platanillo-20 1,041 BOPD 38.3 API T Sand U sand Horizon T sand Horizon 18
Colombia Platanillo Drilling Platanillo Summary of Future Upside Independent Closure 15 to 21 MMBO resources 19
Colombia Platanillo Drilling Platanillo Summary of Future Upside Northern Structures D 20
Preliminary Seismic Processing Platanillo 3D North Inline 1060
Putumayo Basin: Put-12 Putumayo Basin: Put-12 COLOMBIA Summary PLATANILLO Ecuador Peru Amerisur 60% working interest and Operator Brazil PLATANILLO PUT-12 Geology 55,000Ha 5x bigger than Platanillo Similar geology to…
Putumayo Basin: Put-12 Putumayo Basin: Put-12 COLOMBIA Initial Drilling Focus: Ecuador Peru PLATANILLO Lead 1 Brazil PLATANILLO PUT-12 Proximity and similarity to Platanillo Field P50 106MBO PUT 12 2 Lead 6 1…
Putumayo Basin: Put-12 Put-12 Resources Latest Mapping (InforPetrol Process) OOIP MMbls Prospective Resources MMbls Lead Reservoir P95 Mode P05 Mean P95 Mode P05 Mean Lead 1 U, M2, T 209.5 284.5 423.6 304.7 65.30 95.20 161.60…
Putumayo Basin: Put-30 Putumayo Basin: Put-30 Tes Exploration block in the Putumayo basin 50% WI over 38,500 hectares (partner Talisman) Cretaceous potential and recognized Tertiary play concept Significant Heavy Oil Resource…
Putumayo Basin: Put-30 Regional Setting Exploration block in the prolific Putumayo basin 50% WI over38,500 hectares (partner Talisman) Cretaceous potential and recognized Tertiary play concept Significant Heavy Oil Resource…
Putumayo Basin: Put-30 Wells in the Area Source: Talisman 27
Amerisur in Summary Project Development Process BOARD of DIRECTORS GEOLOGY & GEOPHYSICS PROJECT DEVELOPMENT DRILLING & WORKOWER AREAS PRODUCTION & FACILITIES TRANSPORT & SALES SECURITY SECURITY SUPPORT HSEQ HSEQ AREAS…
Amerisur in Summary A Full Cycle E&P Company Reservoir Transport & Management & Comercialization Economy, Abandon Stop Well/Completion Development Production & New Flow Engineering, Core & PVT Facilities Laboratory…
Amerisur in Summary Amer Video 31
CORPORATE SOCIAL RESPONSABILITY Our Stakeholders INTERNAL STAKEHOLDERS EXTERNAL STAKEHOLDERS Government BoD [Local-Regional-National] Managers Suppliers Regulators Employees Advisers Consultants Local communities Contractors…
Platanillo CSR Amerisur provides funding for: SCHOOL GARDENS CLASSROOMS AND CHILDREN S PLAYGROUND HEALTH CAMPAIGNS 2008 2013 2014 2015 2015 COP 1.574.237.882 COP 1.953.903.212 COP 2.300.000.000 33 SMALL BUSINESSES…
Amerisur CSR Other Contributions LOCAL RESOURCES SPONSOR SCHOLARSHIPS AO 2012 AO 2013 AO 2014 LOCAL NOT QUALIFIED LABOR AMERISUR SPONSOR 20 293 517 714 COLOMBIAN STUDENTS EACH YEAR TO FOLLOW POSTGRADUATE STUDIES AT UK…
Putumayo - 12 CSR Corporate Social Responsibility - Block Put 12 INDIGENOUS COMMUNITIES: - Resguardo Buenavista - Santa Cruz from Piua Blanco - Cabildo Bajo Santa Elena MANDATORY CONSULTING PROCESS: - Puerto Bello…
AMERISUR Certification 2012/13 QUALITY OSHA 18001:2007 Occupational Health and Safety PLANNING Management Standard ORGANIZATION ISO 14001:2004 Environmental Management Standard DIRECTION ISO 9001:2008 CONTROL Quality…
Summary Summary Maintaining profitability while growing Upside Strong Record of delivery Technical, Commercial and Political expertise Significant OPEX Reductions achieved Attractive netbacks even at reduced sales prices…