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ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc.

Valeura Energy Inc. · Jun 17, 2015 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 1
    A GLOBAL ENERGY COMPANY FOCUSED ON EXCEPTIONAL VALUE CREATION UNLOCKING TURKEYS UNCONVENTIONAL GAS POTENTIAL ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS JUNE 17, 2015
  2. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 2
    Corporate Profile Valeura Energy Inc. (VLE TSX) is a Canada-based oil and gas company with assets in Turkey Interests in 21 leases & licences in Turkey: 1.0 MM acres (gross); 0.42 MM acres (net) (1) Focused on development of…
  3. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 3
    Q1 2015 Financial & Operating Highlights (1) 3 MONTHS 3 MONTHS 3 MONTHS RESULTS ENDED ENDED ENDED MAR 31, 2015 Dec 31, 2014 MAR 31, 2014 Production Crude oil & NGLs (bbl/d) 10 10 7 Natural gas (Mcf/d) 7,273 7,022 7,605 boe/d 1,223…
  4. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 4
    Turkey YE 2014 Reserves (Company Gross) MMboe 5% and 9% year-over-year increase in 1P 14 Possible and 2P reserves, respectively, in Turkey Probable 12 Proved Primarily natural gas reserves in Thrace 10.3 10.4 3P Basin on TBNG-PTI JV…
  5. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 5
    Thrace Basin Transactions (1) Bulgaria 2010 Otto asset purchase (Edirne) (Valeura 35% WI) Black Sea E17-b4-1 E17-c1-1 E17-c2-1 Turkey 2013 Copkoy 2013 Banarli licence award licence award (Valeura 100% WI) (Valeura 100% WI)…
  6. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 6
    TBNG-PTI JV (Valeura 40% WI - Non-Operated) Fracking Operations on the JV Lands 7
  7. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 7
    TBNG-PTI JV Assets Interests in 14 leases & licences in Thrace Basin (0.51 MM gross acres onshore) Well established shallow gas production and marketing business: - 65 producing wells (gross) in 15 gas fields in onshore lands - Owned…
  8. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 8
    TBNG-PTI JV Conventional Shallow Gas 2013 shallow gas program: Spudded 1 new drill (evaluating) Completed 14 workovers (11.0 MMcf/d aggregate initial 7-day rate); 3 well re-entry fracs Acquired 232 km2 of new 3D seismic in Osmanli…
  9. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 9
    Osmanli Area Conventional Gas Discoveries Banarli 5104 Merged Osmanli & Tekirdag 3D seismic Gurgen-1 area Osmanli Gurgen-2 Dogu Gurgen-3 Guney Osmanli-1 3934 Osmanli-3 Tavanli-1 Karaevli 3931 Kayi Gazi Biyikali-2 ST Tekirdag…
  10. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 10
    TBNG-PTI JV Shallow Gas & Tight Gas Plays SHALLOW GAS Akcahalil-1 Inecik- Aydede-1 YAGCI-8 ND-1 TDR-2 TS-18 DTD-1 KAYI-7 BATI GAZI-1 BATI Danismen & Osmancik 2 KARAEVLI-1 SOUTHWEST NORTHEAST 5 re-entry fracs since DANISMEN…
  11. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 11
    Thrace Basin Tight Gas Learning Curve 2011 2015 YTD 3 OSMANLI THRACE BASIN Cumulative Exploration DISCOVERIES Program capex (1) 65MM (net) Horizontal Drills 6 Hz MEZ/TES/KESAN DRILL & FRACS & Fracs Vertical Drills & DEVELOP 12…
  12. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 12
    Banarli Licence(Valeura 100% WI) 3D Seismic Acquisition on Banarli Licence May 2015 13
  13. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 13
    Potential Basin-Centered Gas Play Fairway Base Alacaogl Mezardere u Mezardere Potential Depth Temrez Mezarder kitchen area Structure e Kitchen 5104 Hayrabolu-10 Kazanci-5 Banarli Gurgen-1 Tekirdag 10 km Banarli…
  14. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 14
    Recent Osmancik & Mezardere Results & Potential Extension of Play Types into Banarli Potential Pressure Seal Hayrabolu-10 Banarli 2015 3D seismic area: 152 km2 Gurgen-1 IP30: 3.3 MMcf/d (Osm) Gurgen-2 IP30: 3.3 MMcf/d…
  15. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 15
    Robust Netbacks & Competitive Costs Drive Attractive Natural Gas Economics in Turkey Cost Structure USMM (gross) FUTURE Operating Netbacks /boe CURRENT POTENTIAL 80 CONVENTIONAL GAS VERTICAL WELL (1) Royalty Opex Drill & Case 1.7 1.7…
  16. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 16
    Summary Owning Valeura provides exposure to a natural gas-focused, pure play in Turkey, which benefits from: 9-10/Mcf natural gas prices, 12.5% government royalty & 40/boe operating netbacks Large land position of 1.0 MM acres…
  17. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS – Valeura Energy Inc. – slide 17
    A GLOBAL ENERGY COMPANY FOCUSED ON EXCEPTIONAL VALUE CREATION UNLOCKING TURKEYS UNCONVENTIONAL GAS POTENTIAL ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS JUNE 17, 2015

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