Renaissance Capital Investor Conference Lagos, Nigeria May 20, 2011
Vision & Strategy Vision Our vision is to create a West African focused independent exploration and production company that provides superior returns to shareholders through the development of our exploration portfolio and selective…
Company History In May 2007, the Company goes public as Pacific Asia Petroleum, Inc. through a reverse merger with primary asset Zijinshan Gas Block in Chinas Ordos Basin In November 2009, the Company is listed and commences trading…
Location of Current Assets Chi China Zijinshan (100%) Gas Exploration Ni Nigeria i OML 120 & OML 121 (60% statutory interest) Offshore Oil Exploration Offshore Oil Production and Development (Oyo Field) 6
OML 120 Oil Exploration Block with Oyo Field Production Block size 916.6 sq km in shelf to deepwater Okodo 1 OML 125 Water depths of 1501,000meters Covered with 3D seismic OML 133 OML 110 . Sonam 1 OML 91 OML 108 Erha…
Oyo Field Oil Production In OML 120, 75 miles offshore Nigeria (water depth of 200 500 meters) Okodo 1 OML 125 Pliocene play Pliocene play OML 133 OML 110 . Sonam 1 OML 91 OML 108 Erha North OML 120 Net 5.3MMBbls of…
OML 121 Exploration Block p OML 110 Block size 887 sq km in shelf to Sonam 1 deepwater OML 133 OML 91 OML 108 Water depths of 1501,000m Erha North Located directly south of OML 120 Erha OML 120 Oyo . OML 89 Covered with…
OML 120/121 Resource Potential OML120/121 Unrisked Oil Prospective Resources (1) Bosi Field Sonam Field In MMBBLs Best High 500 MMBbls 1tcf Gas Condensate 16 Prospects/Leads Estimate Estimate Miocene Play Miocene Play ExxonMobil…
OML 120/121 Prospect Map N Legend OML 120 10 Km Block outline Ewo North OyoFar East Water depth (meters) O prosp Oyo Ewo Deep Field Producing Field Erha Field Discovery G Prosp Mature Miocene Prospects p Eba Ereng…
OML 120 Ewo Deep Prospect Miocene to Lower Miocene Play Water Depth 600 Water Depth 600 700 meters 700 meters NSAI Unrisked Prospective Resource Best Estimate: 76.4 MMBbls High Estimate: 349.3 MMBbls…
OML 120 Prospect G p Miocene amplitude supported play Water Depth 700 Water Depth 700 900 meters 900 meters NSAI Unrisked Prospective Resource Best Estimate: 24.5 MMBbls High Estimate: 62.3 MMBbls Faulted rollover…
CHINA OPERATIONS 16
Zijinshan Location 17
Zijinshan Gas Exploration Block Natural gas exploration block 100% of the foreign contract Partnered with PetroChina CBM Co. 175,000 net acres or 708.1Km2 Ordos Basin, Shanxi Province the 2nd largest oil and gas basin in…
Capital Structure Ready for Growth MM 3/31/2011 12/31/2010 12/31/2009 ASSETS: Cash Cas 20.6 28.9 8.9 3.6 Shortterm investments 0.0 0.3 1.7 Other current assets 12.9 13.3 0.6 PPE, net 210.4 205.0 0.5 Other noncurrent assets 0.4 0.4 1.0…
Financial Overview Market Summary Current Price (as of 5/12/11) 1.50 Market Cap (as of 5/12/11) Market Cap (as of 5/12/11) 232MM Average Daily Trading Volume 614,185 (52 week) Shares Outstanding (as of 5/13/11) 154,363,242** Fully…
Board of Directors Dr. Kase Lawal Chairman and CEO of CAMAC Energy Inc. Commissioner on the Port of Houston Authority Vice Chairman of Houston Airport Development System Corp. Member of President Obamas White House Advisory…
Corporate Structure Inner Mongolia Pacific Asia Pacific Asia Production Petroleum Petroleum Company (HK) Energy Limited Limited (PAPL) Limited (PAPE) (IMPCO HK) (Hong Kong Company (Hong Kong Company (Hong Kong Company 70% 100%…
Contact Houston Office 1330 Post Oak Boulevard, Suite 2575, Houston, TX 77056 Tel: 8322091404 Fax: 8322011786 ghts reserved. Beijing Office Suite 508510, Nexus Centre, 19A Dong San Huan Bei Lu, Chaoyang District, j g p p…