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JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc.

Providence Resources, Inc. · Jun 26, 2015 · 30 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. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 1
    Providence Resources P.l.c. Exploring Irelands Offshore Annual General Meeting 26 June 2015, Dublin
  2. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 2
    James McCarthy Chairman
  3. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 3
    Agenda Resolutions Chairmans Remarks Operational Update Q&A 4
  4. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 4
    Resolutions ORDINARY RESOLUTIONS 1. To receive and consider the Directors Report and Financial Statements for the year ended 31 December 2014 2. (a) To re-elect Mr. Lex Gamble as a Director (b) To re-elect Mr. Philip OQuigley as…
  5. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 5
    Chairmans Remarks James McCarthy
  6. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 6
    Oil Prices Recent History Source: World Bank Commodity Price Data, June 2015 7
  7. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 7
    Impact in the Market Capital Expenditure Operating Costs Exploration Wells Production Source: Oil & Gas UK 8
  8. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 8
    The Immediate Impact Over 4,400 jobs lost in UKCS 30 Companies 40,000 global jobs lost Operator and Tier 1 Contractors (100,000 global jobs estimated by Douglas-Westwood) 2.5 billion reduction in spend by UK Operators 30…
  9. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 9
    Transaction Environment North Sea1 transactions by number 2011 YTD 2015 (LHS) and average quarterly Brent price (RHS, US/bbl) TOTAL NUMBER ANNOUNCED 127 119 125 76 50 120 46 45 110 Average quarterly Brent price (US/bbl)…
  10. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 10
    Longer Term Impact Global Supply & Demand Reductions likely from Venezuela, Nigeria, Libya, US conventional players, partially offset by increases from Canada, deep water GoM (as field mature), Iraq and Iran is a wild card Longer…
  11. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 11
    Forecast Oil Prices Avg. Spot price (Brent, Dubai, WTI) Nominal US Dollars Real 2010 US Dollars Source: World Bank Commodity Price Data, June 2015 12
  12. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 12
    Providences Strategy Focus on Oil & Gas exploration offshore the Island of Ireland Core focus on early stage exploration & appraisal opportunities Active in 8 basins Create diversified material exploration & appraisal portfolio…
  13. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 13
    Operational Update Tony OReilly
  14. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 14
    Providence Overview Irish Focused Oil & Gas Portfolio Outlook Over 30 years exploring offshore Ireland Financial resources are now in place to execute strategy Irish headquartered and managed Significant re-rating potential by…
  15. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 15
    Providence - Central To The Irish E&P Sector Four Main Areas Of Focus Near Shore/Shallow Water Exploration Areas c. 0 100 metre water depth 2D seismic coverage Providence has an interest in Well Control net audited un-risked 2C…
  16. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 16
    North Atlantic Jurassic Oil Source Rock Super Highway Flemish Pass Basin Jean DArc Basin Porcupine Basin After Enachescu et al. 2010 17
  17. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 17
    Exploration Activity Offshore Ireland 18
  18. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 18
    2014 Highlights Barryroe License area increased to cover potential field extensions outside of the originally licensed area Development of First Phase Production System development concept with initial oil production rates of c.…
  19. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 19
    2014 Highlights Other Projects Conversion of three Atlantic Margin Licensing Options into Frontier Exploration Licences: Drombeg; Spanish Point South; Newgrange New seismic surveying carried out over: Drombeg Prospect (3D); Spanish…
  20. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 20
    Polarcus MC3D Seismic programme 21
  21. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 21
    Post Year-End Events Barryroe Farm out discussions ongoing Application made to extend both the first phase of the licence as well as the areal extent in order to cover potential further field extensions outside of the currently…
  22. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 22
    Post Year-End Events Drombeg 3D seismic processing complete interpretation has commenced 3D seismic morphologies consistent with a large Lower Cretaceous deep-water fan system Potential sediment input systems from the nearby Porcupine…
  23. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 23
    Drombeg Lower Cretaceous Fan System New Polarcus MC3D Seismic 24
  24. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 24
    Druid Paleocene Fan System New Polarcus MC3D Seismic NEAR STACK FAR STACK CLASS II AVO ANOMALY
  25. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 25
    Spanish Point South Paleocene Channel New Ruadhan 3D Seismic 26
  26. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 26
    Cretaceous Newgrange Prospect New Polarcus 2D Seismic 27
  27. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 27
    Providence Objectives 2015/2016 Farm out of Barryroe* Spanish Point appraisal well* Participate in 2015 Irish Atlantic Licensing Round Complete processing of 3D & 2D seismic on: Drombeg in advance of intended farm out for…
  28. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 28
    Providence Programme Targeting c. 4.7 BBOE* Multi-Basin Drilling Programme 4 1. Barryroe Oil Project, North Celtic Sea Basin (PVR-80%) Field Size (2C): 346 MMBOE REC Appraisal well drilled in 2012 2. Dunquin South Oil Prospect, South…
  29. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 29
    Summary Ireland is a Unique Location Ireland focused Oil & Gas portfolio Attractive geopolitical and fiscal environment Multi-basin drilling programme alongside material new prospects Experienced Management Team Management has…
  30. JUNE 2015 INVESTOR PRESENTATION – Providence Resources, Inc. – slide 30
    Providence Resources P.l.c. providenceresources.com

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