Growth through focused Oil & Gas exploration and production May Investor Presentation ASX Code: AVD
3 Antilles team possesses Antilles represents an Targeting countries business and technical entry for investors into where Antilles team has SNAPSHOT skills from the Atlantic high value deep water experience Margin applicable to…
4 INVESTMENT THEMES Proven board with Strategic industry Large prospective Desirable fiscal career success at acreage position regime/operational partnerships including acquired onshore Peru both junior company seismic, HSE…
5 CAPITAL STRUCTURE As of May 15, 2015 Australian Listed Company ASX: AVD Key Shareholders Fully paid ordinary shares 28,327,811 Havoc Partners 9% Cash/Deposits at Bank A1.48M HSBC 7% Price A0.09 Management 13% Market Cap…
6 DIRECTORS & MANAGEMENT PERSONNEL POSITION EXPERIENCE Dr. Jack Hamilton Non-Executive Chairman Highly experienced executive and board director with over 25 years experience, previous director NW Shelf for WPL. Currently…
7 DAVID ORMEROD A PROVEN TRACK RECORD Pura Vida Founder of the company and responsible for entry to Morocco Entry to deep water Morocco ahead of the industry Subsequently farmed out to FreePort McMoran for two wells, total…
8 GARY GRUBITZ EXCEPTIONAL EXPLORATION SUCCESS BHP - Team leader Atwater fold belt, 19952000 Worked large Gulf of Mexico AMI with BP Opened Middle and Lower Miocene play in Green Canyon the most significant new play in the…
9 JACK HAMILTON OPERATIONAL AND DEVELOPMENT MANAGMENT Shell, 19812001 Oversaw operations of Shells oil refining and supply chain business in Australia/New Zealand Led major project developments in LNG in Australia Woodside…
10 PERUVIAN ACTIVITY Peru has resources 15.4 TCF / 663 Repsol MMBO Perupetro Gran Tierra Karoon Major producing areas in the onshore Maranon Basin and to the south in the Ucalyi Basin Cepsa Numerous smaller to mid cap…
11 ANTILLES DEVELOPS POSITION IN PERUVIAN PROJECTS Block 105: Antilles delivers on the first stage of their strategy acquiring large, prospective acreage position onshore Peru in Block 105 Southern Peru Working hydrocarbon…
12 LOCATION OF BLOCK 105 LOCAL INFRASTRUCTURE AND DRILLING With the major road, rail link and new pipeline project, block 105 is in an ideal area for development and export of resources SIBOIL DEL PERU 105 j Pirin…
13 EXISTING SEISMIC AND WELLS PIRIN OIL FIELD The Pirin field and surface seeps being proximal to the existing seismic database potentially provides Antilles with low risk drilling opportunities as a result of the planned seismic…
14 TOP SALT STRUCTURE MAP Extensive salt basin with prospective levels both above and below the salt. The prospective targets above salt have produced at Pirin and the Maranon Basin while those below the salt produce at the…
15 SEISMIC LINE At Antilles we see an extensive salt basin with simple traps both above and below the salt. The prospective targets above salt are compressional anticlines while those below the salt simple tilted fault blocks as…
16 WORK PROGRAM The block is currently in force majeure at the previous operators election while engaging with local communities as required in Peru Work program is to shoot 200 km of new 2d seismic at an expected cost of US2…
17 ECONOMIC TERMS The permit is a royalty tax regime Royalty & Royalty is 5% below 5,000 bopd and between 5% and 20% up to 100,000 bopd Costs to Develop 5% over riding royalty to previous operator Tax rate of 32% Additional…
18 SECHURA BASIN TEA BjB j) B B) == ) =) ) =) ) ==) ) =j) = ) ==B ) jj)=B j B j = B = ) =j= ) = ) j = B ) j) jB Bj j BB B =B ) Bj B = ) = ) B j=j)= ) = ) = )jB B = ) = ) B B =) ) = = ) =) ) =…
19 KEY VALUE DRIVERS Acreage acquisition in Peru a proven play Reprocessing of existing 2D illustrating the salt play may lead to rapid partnering Potential to farm out to attract a operator via established relationships from…
20 ASX: AVD CONTACT DETAILS: ANTILLES OIL AND GAS NL SUITE 2316, LEVEL 23, HWT TOWERS, SOUTHBANK, MELBOURNE, VIC 3006 T: +61 8 9226 4500 EMAIL: DORMERODANTILLESOILANDGAS.COM.AU
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