Corporate structure British Shareholders Virgin KARAVADOS LTD Agreement PETROGRAND AB Sweden Islands 100% SONOYTA LTD Cyprus 51% 49% Cyprus RIPIANO HOLDING LTD 100% 1% 99% DINYU LLC CNPSEI LLC Russia License holder of…
Licenses License block/field Holder Purpose Date of Expiration licensing date 1 Ivanshorskiy Dinyu LLC Geological survey, 07.12.2000 01.02.2038 (Dinyu-Savinoborskoe exploration and oil field+prospects) production 2 Sosnovskoe oil…
Overview map Russia Pipeline Lukoil Main Pipeline Transneft 4
Reserves 5
Dinyu-Savinoborskoe oil field The field was discovered in 2001, put into production in 2002. There are 5 oil pay zones producing high quality 35 API crude with good reservoir properties: Pad 2 porosity 14%, permeability 80 mD.…
Production of Dinyu-Savinoborskoe Cumulative production 9.5 million barrels (about 50% of initial) Monthly oil production (January 2015) 27.7 th.barrels (3.8 th. tonnes). Daily production (10/02/2015) 898 bpd (123 tpd) 7
Sosnovskoe oil field The field was discovered in 1982, put into production in 1992. There are 4 oil pay zones in the Devonian producing high quality oil (34 API) with excellent reservoir properties (porosity 20%, permeability 118…
Production of Sosnovskoe Cumulative production 3.7 million barrels (about 20% of initial) Monthly oil production (January 2015) 12.2 th.barrels (1.7 th. tonnes). Daily production (10/02/2015) - 467 bpd (64 tpd). 9
Investing for production growth 2015 proposed drilling campaign: 3 wells on main reservoir I-A Initial oil rate of each new production well: Sosnovskoe oil field 175 bpd (24 tpd) before fracing 255 bpd (35 tpd) after fracing (2016)…
Yuzhno-Tyebukskoe oil field The field was discovered in 1978, put into operation in 1992. There are 2 oil deposits in Devonian Formation (D3fm), with excellent reservoir properties (porosity 16%, permeability 130 mD) Average daily…
Production of Yuzhno-Tyebukskoe Cumulative production 2.9 million barrels (about 50% of initial) Monthly oil production (January 2015) 6.6 th.barrels (901 tonnes). Daily production (10/02/2015) - 234 bpd (32 tpd) 12
Current Production data Total annual production in 2014 613 th.barrels (84 th.tonnes): Dinyu-Savinoborskoe oil field 350 th.barrels (48 th.tonnes) Sosnovskoe oil field oil field 175 th.barrels (24 th.tonnes) Yuzhno-Tyebukskoe oil field…
Infrastructure in place 14
Environmental policy The company operates in a harsh climate and therefore protecting the environment is a high priority. The goal is consistently to minimize environmental risks and to handle all obligations regarding the environment,…
Exploratory Upside Ivanshorskiy license block has several prospects. They are located to the north and Ivanshorskiy block west of Dinyu-Savinoborskoe. One of them Pachaelskaya structure has been prepared for exploration drilling. C3…
Investment 2015 2015 proposed drilling campaign: At least 6 wells into the main reservoirs of Dinyu-Savinoborskoe and Sosnovskoe A minimum of 10 million will be used for the drilling of new producing wells Expected daily production from…
Current Net Back calculation USD/RUR 60 DOMESTIC SALES USD/bbl USD/ton Selling price (no VAT) 36 261 MET 16 118 Production costs per bbl/ton of oil* 11 83 EBITDA(Net back) 8 60 * personnel expenses, electricity, transport…
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