Nido Petroleum Limited Excellence in Oil & Gas Sydney Wed 12th March 2014 Phil Byrne, CEO & Managing Director
Reserves Information Reserves Information The reserves information contained in this presentation concerning the West Linapacan A field and the Galoc oil field is a summary of the reports filed by the Company on the ASX on 4 September…
Corporate Snapshot ASX listed upstream oil and gas Snapshot Key Corporate Data Company, headquartered in Perth, Market Data Australia Share Price (as at 7 Mar 14) AU 3.2c Shares on Issue 2.048Bn Diversified growth portfolio of…
Company Strategy To build a high quality balanced portfolio of producing, development and exploration assets in Asia Philippines Indonesia To focus on reserves and production growth in the near term Galoc West Linapacan A…
Portfolio Snapshot 6
Galoc Development (22.88% W.I.) Galoc Phase II Production Phase II production commenced December 2013 Field developed with four horizontal wells tied back to the FPSO Rubicon Intrepid Gross field production 9,700bopd(gross)…
West Linapacan A Redevelopment (22.28% W.I.) FID planned for 2Q14 Existing Well (Shut-in) Possible A-8 Field produced 8.5MMbbls of oil prior to being shut-in in 1996 A-9 Phase 1 development concept to comprise two horizontal…
Forward Drilling Program - Philippines Baragatan Baragatan Prospect Prospect High Impact Baragatan-1 Exploration Well Large, high impact oil prospect defined by 3D seismic Prospect targeting Mid-Pagasa sandstone reservoirs in…
Forward Drilling Program - Indonesia Exploration Well Program Offshore Indonesia 2013 Farm-in to the Gurita, Cakalang and Baronang PSCs Operator, Lundin Petroleum B.V. 15% W.I. in Baronang PSC (subject to regulatory approval)…
Reserves Position West Linapacan Reserves doubled Nidos Reserve position Galoc Reserves assessed by Gaffney Cline & Associates post Phase II production start up 1P gross Reserves at YE13 increased by 1.57MMstb over YE12 2P remained…
Active Forward Program to Year End 2014 12
Fully Funded for Planned Forward Program ** A MM Funding details Galoc (Opex & Debt Repayment) Two exploration wells and exploration side-track in the Baronang and Gurita PSCs, Indonesia Baragatan-1 exploration well in SC…
Investment Proposition Fully funded work program for approved activity in 2014 Solid, long term production from Galoc field net production 2,220 bopd West Linapacan A investment decision in 2Q14 will pave the way for a second…
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