West Africa - Offshore Guinea - Exploration Ray Leonard President & CEO Global Hunter Securities Energy Conference June 24, 2015
World-Class Potential Offshore NW Africa 37% interest holder of rights to a 18,750- sq-km license area offshore Republic of Guinea in Northwest Africa -- equivalent to almost 2,000 Gulf of Mexico blocks. License area comparable to…
Offshore Discoveries Atlantic Reconstruction GUINEA BISSAU Sabu-1 Well Sabu-1 Well Venus Mercury Guinea * Bee-Eater Sankofa East Sierra Leone Jupiter TEN Venus & Liberia * Narina Jubilee Paon Mercury Almond Zaedyus…
Three Diamonds in the Transform Margin Trend Jubilee Field, Ghana Liza Discovery, Guyana Fatala Prospect, Guinea Major Offset Mid-Atlantic Ridge Transform + Rift Fault Intersection Richer Albian Deepwater Marine Source From Early…
Guinea Block Potential Success Case Final exploration period Synrift and Younger Plays (Survey A) expires September 2016, so limited time to Neocomian Carbonate Play maximize value Appraise discovery Test other fans Drill…
Guinea: Fan + Buried Hill Prospects GU-2B-1 Sea Floor Bathymetry WD Meters Fan Prospects Upper Cretaceous Buried Hill + Albian Prospects Baraka Buried Hill Sabu-1 Fatala Tullow: Fatala Pmean 373 MMBOE, P10 Upside 974…
Guinea Prospects Baraka SW Buried Hill Play NE Fatala 2000 Fan Play 2000 3000 3000 4000 4000 5000 5000 6000 6000 7000 7000 8000 8000 Guinea Depth Seismic Baraka SW Buried Hill Play NE Fatala 2000 Fan Play 3000 4000…
Not all deep-water projects are equal Comparative Deep Water Economics: Well Cost Vs Rate/Reserves Per Well Jubilee Field/Fatala Prospect: Reserves/Well MMBO Moderate Well Cost, 1500-2500m BML Brazil/Angola High Rate/Reserve…
Planned Fatala-1 Well Water depth 2895 m. Main Target is a sandstone reservoir of Cenomanian age. One of several prospects analogous to fields in Ghana. Fatala-1 Fatala-1 Primary target 500 m 500 m Location of seismic…
Board of Directors Herman J. Cohen Director Ian Norbury Bill Strange Non-Executive Chairman Director Past U.S. Ambassador to Senegal and Gambia, Asst Secretary of State for African Director of Hannon Retired Partner of Deloitte &…
Hyperdynamics Achievements to Date Build Technical, Drill Frontier Financial Explore the Basin & Farm Capabilities & Deep Water Out Prepare to Drill 2009 2010 2011 2013 2014 -2016 New management team joins NSAI resource report…
Farm-Out Farm-Out The Rationale In December 2012 Hyperdynamics Expertise in the Atlantic Margin off sold a 40% interest in the Concession West Africa particularly the and transferred operatorship to Transform Margin play present…
Current Exploration Timeline 6/30 6/30 2013 Drilling 2014 2015 - 2016 Location Tullow Officially Selected Takes over Operatorship Plan to Resume Petroleum Operations Pre Stack Depth 25% Migration Cube Relinquishment…
Ebola in Guinea Ebola new cases per week 180 160 140 120 100 80 60 40 20 0 Ebola first identified as significant problem in Guinea in 2Q 2014 By September 2014 it had spread through the country and was recognized as…
Impact of Events on Hyperdynamics Stock Over the Last Two Years 2 7.00 3 6.00 1 4 5.00 4.00 5 3.00 6 2.00 7 8 1.00 0.00 1. September 2013 - Hyperdynamics receives DOJ Subpoena. 2. January 2014 Hyperdynamics receives SEC…
Hyperdynamics Summary at a Glance Multiple large deep-water fan and Albian shelf prospects, successful elsewhere along the West Africa margin, have been mapped on the Guinea block. The Guinea Basin has been meaningfully de-risked…
Appendix - Production Sharing Contract Economics Gross Production Governmental 100% Royalty - 10% Contractors Cost Oil1 - Max 75% Daily Production Government Contractor (Barrels/Day) Share (%) Share (%) 0-2,000 25 75 Profit Oil…
Appendix - PSC Terms Exploration Phase Duration, Period Yrs Dates 1st Exploration 4 Sep 06 Sep 10 2nd Exploration 3 Sep 10 - Sep 13 2nd Exploration - Renewal 3 Sep 13 - Sep 16 Total 10 Further extensions available for work…
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