ZOLTAV AT A GLANCE Zoltav is an AIM-listed, full-cycle E&P company with assets in Russia Koltogor Key assets (100% held): FINLAND - Bortovoy Licence (Saratov region): existing material Khantiy-Mansisk RUSSIA gas production and…
INVESTMENT CASE Building the leading mid-cap, CIS focussed oil and gas company Zoltav is exceptionally well placed to capitalise on the vast opportunity that Russia presents as a hydrocarbon province Zoltav is well capitalised -…
A COMPANY BUILT ON ACQUISITIONS March 2013: December 2013: Announced acquisition Announced acquisition of of Koltogor Licences Bortovoy Licence 2P reserves: 79 mmboe 2P reserves: 131 mmboe April 2011: July 2013: June 2014:…
Bortovoy Licence
BORTOVOY LICENCE - MAP BELARUS Existing Gazprom pipelines Existing sales pipelines Moscow Saratov Pipelines to be constructed Railroads UKRAINE Oil and Gas Field Gas field Gas processing plant Other field Bortovoy 0 100km…
BORTOVOY LICENCE LOCATION Moscow Nizhnevartovsk RUSSIA Saratov 8
BORTOVOY LICENCE - OVERVIEW Zoltav acquired the 3,200 km2 Bortovoy Licence in the Saratov Region (European Russia) for US180 million in June 2014 H1 2014 production: 6.6 kboe/d - Liquids: 0.5 kbo/d - Gas: 36.4 mmcf/d 2P…
BORTOVOY LICENCE - PROGRESS TO DATE WHAT ZOLTAV ACQUIRED WHAT ZOLTAV HAS DONE SO FAR Western Fields Western Fields Four fields, one in production Reduced Karpenskoye field gas (Karpenskoye) production decline rate Western Gas Plant…
BORTOVOY LICENCE PRODUCTION/OPEX PROFILE Zoltav immediately adding value with increased production and reduced OPEX per barrel of oil equivalent (boe). *Zoltav assumed management of the Bortovoy Licence (prior to completion of…
BORTOVOY LICENCE - WORK PROGRAMME Western Fields Maintain Western Gas Plant at full capacity through to 2022 Undertake work overs of wells 17 & 19 to bring back to full production Undertake engineering work for tie-in of existing…
BORTOVOY LICENCE RESERVES AND RESOURCES Reserves Units 1P 2P 3P Sales Gas Bcf 352.9 749.7 1,389.7 Liquids mmbbl 2.0 3.8 6.2 Total mmboe 62.0 131.2 242.4 Contingent Resources Units 1C 2C 3C Sales Gas Bcf 4.9 26.1 41.0 Liquids mmbbl…
Koltogor Licences
KOLTOGOR LICENCES LOCATION Moscow Nizhnevartovsk RUSSIA Saratov 15
KOLTOGOR LICENCES Koltogor Khantiy-Mansisk RUSSIA Moscow 16
KOLTOGOR LICENCES OVERVIEW Zoltav acquired the 700 km2 Koltogor Licences in the Khantiy-Mansisk Autonomous Okrug (Western Siberia) in July 2013 for US26 million Excellent existing infrastructure, including proximity to roads and…
KOLTOGOR LICENCES RESERVES Western Reserves (PRMS) 1P 2P 3P NPV 2P (USmm) Oil mmbbl 1.6 75.2 249.2 PV 10% 282.0 Sales Gas bcf 0.5 24.1 79.7 PV 15% 180.6 Total mmboe 1.7 79.4 263.4 Source: DeGolyer and & MacNaughton Russian…
KOLTOGOR LICENCES WORK PROGRAMME Considering options for advancing appraisal well drilling programme Subject to success of appraisal programme, plan is to drill a number of development wells Companys intention is to link the well…
Board and Senior Management
BOARD EXECUTIVE DIRECTORS Alastair Ferguson Executive Chairman Alastair Ferguson was appointed as a non-executive director in May 2014; and subsequently became the executive chairman in December 2014. He has an extensive background in…
SENIOR MANAGEMENT Alistair Stobie, Director Finance Alistair Stobie has significant experience in developing oil and gas companies in emerging markets. He led Baring Vostok Capital Partners investment in Burren Energy plc, which was…
BOARD NON-EXECUTIVE DIRECTORS Stephen Lowden Senior Independent Director Stephen Lowden was appointed as a non-executive director in August 2011. He has over 25 years experience in the international oil and gas industry across…
BOARD NON-EXECUTIVE DIRECTORS Symon Drake-Brockman Non-executive Director Symon Drake-Brockman was appointed Executive Chairman in August 2011; and subsequently became a non-executive director in December 2014. He was formerly chief…
Conclusion
CONCLUSION Strategy is delivering material growth and value creation portfolio developing through both organic operational development and M&A Bortovoy Licence acquisition (June 2014) delivered immediate production (cash flow) and…