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JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc.

Glori Energy Inc. · Jun 10, 2015 · 39 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 – Glori Energy Inc. – slide 1
    Investor Presentation June 2015 Harnessing Biology to Increase Recoverable Oil
  2. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 2
    Synergistic Business Model Glori Energy (NASDAQ: GLRI) is an energy technology and oil production company that utilizes its patented AEROTM System to unlock residual oil from mature conventional fields at a low cost. Oil & Gas…
  3. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 3
    Tomorrows Oil from Yesterdays Wells As much as 2/3 of discovered oil remains in the reservoir after using todays technologies, leaving 2.4 trillion barrels of unrecovered reserves (1) Gloris AERO Technology harnesses the power of…
  4. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 4
    AERO Significantly Reduces Production Decline and Boosts Ultimate Reserve Recovery Illustrative Impact of AERO Technology Based on Company modeling estimates B = 1,500 MBbls C = 1,800 MBbls AERO Start Post-AERO Start Comparative…
  5. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 5
    AERO Profit Margin Beats Traditional Methods At 50 oil prices and 6 cost per barrel, AERO profit margin is 44 per incremental barrel 70 60 60 Low CAPEX 50 55 44 + 40 32 Low OPEX 30 20 18 = 10 6 Low Risk -- (5) (10)…
  6. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 6
    Investment Highlights Demonstrated 60% daily production growth after 6 months of AEROTM implementation in client fields Compelling Return and Estimated recovery of an additional 9-12% of the original oil in place or up to Unit…
  7. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 7
    ACTIVATED ENVIRONMENT FOR RECOVERY OF OIL (AERO) TECHNOLOGY 7
  8. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 8
    AERO Technology Development Gloris AERO System is the result of decades of lab research and field deployments by Glori and its research collaborators, primarily Statoil S.A. of Norway All key Intellectual Property is owned or controlled…
  9. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 9
    How AERO Works 1. Microbes Grow on Residual Oil 2. Trapped oil is freed Injected nutrients enable the microbes in the Growth of microbes on the residual oil reservoir to grow on the oil in the reservoir. releases additional energy and…
  10. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 10
    Implementation of AERO Technology Before AERO Deployment After AERO Deployment Producing Injection well with Producing Injection well well AERO technology well Water pathway New water flow Microbial nutrients New…
  11. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 11
    AEROTM Kansas Pilot I Source: DrillingInfo. 11
  12. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 12
    Sample Project IV: Field Data AERO Active Source: DrillingInfo.. 12
  13. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 13
    AEROTM Canadian Pilot 13
  14. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 14
    Canadian Rate vs Cum VVV Pool Oil Rate vs. Cum Oil 250 200 Daily Production Rate (bopd) 150 100 50 0 500000 520000 540000 560000 580000 600000 620000 640000 660000 680000 700000 Cumulative Barrels of Oil…
  15. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 15
    Biology Impact is Dynamic 300 250 200 Production (boe/d) 150 100 50 Daily Production Uplift of 125% Daily Production Uplift of 65% Daily Production Uplift of 70% -- -3 -2 -1 -- 1 2 3 4 5 6 7 8 9 10 11 12 13…
  16. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 16
    OIL & GAS SEGMENT 16
  17. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 17
    Coke and Quitman Fields Coke and Quitman Asset Glori has acquired, and will continue to acquire, mature oil fields onshore USA Coke Field Gloris first significant oil property was Quitman the Coke field acquired in March 2014 Field…
  18. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 18
    Bonnie View Field Refugio County, Texas Discovered in 1944 Along Frio-Vicksburg Fault System 50MMBO OOIP 30 MMBO remaining in small area Potential to recover 20% of remaining oil Permeability Avg. 1,000 mD 70 BOPD of current…
  19. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 19
    AERO SERVICES SEGMENT 19
  20. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 20
    Project Management Reservoir Analysis & Field Deployment Full Field Treatment Design (Pilot phase) Implementation - Review existing field - Equipment delivery - Roll-out to additional data and installation injection wells to -…
  21. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 21
    FINANCIAL HIGHLIGHTS 21
  22. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 22
    Financial Strategy Deploy capital to acquire mostly producing oil assets to be enhanced by implementing Gloris AERO technology Leverage acquisitions with debt secured by proved reserves and supported by historical cash flow Benefit…
  23. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 23
    1Q15 Income Statement Summary Three Months Ended (unaudited, in 000s) 31-Mar-14 31-Mar-15 Total revenues 1,002 2,567 Operating Expenses 1,768 2,913 Science and technology 320 474 SG&A 1,262 1,718 Total operating expenses 3,798…
  24. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 24
    Income Statement 24
  25. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 25
    Summary Balance Sheet (in millions) 31-Mar-15 Cash 23.5 Debt 17.2 Net debt (6.3) Stockholders' equity 38.8 Total assets 60.7 25
  26. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 26
    Investment Drivers Acquisitions of Experienced Compelling Proven & Mature Oil Management, Return and Unit Proprietary Fields Drives Board, Advisors Economics Technology Growth & Investors 26
  27. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 27
    Non GAAP Financial Information We use both GAAP and certain non-GAAP financial measures to assess performance. Generally, a non-GAAP financial measure is a numerical measure of a companys performance, financial position or cash flows…
  28. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 28
    Reconciliation of Adjusted Net Loss & Adjusted EBITDA 28
  29. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 29
    APPENDIX 29
  30. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 30
    Experienced Management Team STUART PAGE MICHAEL PAVIA CEO CTO MBA Harvard Business School BA, MA, Oxford University PhD Organic Chemistry, University of Pennsylvania BS Chemistry, Lehigh University VICTOR PEREZ KEN NIMITZ…
  31. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 31
    Accomplished Board of Directors John Clarke Former EVP and CFO (Dynegy) Former Chairman and CEO (NATCO) Mark Puckett Mark Chess Former President, Executive Vice President, Chevron Energy Technology Infinity Corporation Ganesh…
  32. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 32
    E&P Innovation Trends: The Path to Mass Adoption R&D / First Mover First Mover Market Response to Mass Technology Innovation Begins Adopting Technology Employs Growth Strategy Adoption Horizontal Drilling 1920: Horizontal drilling…
  33. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 33
    Experienced Science Advisory Board and Established Investor Base Science Advisory Board Selected Investors(1) Dr. Stephen Brand Global Energy Board (Accenture) Former SVP, Technology (ConocoPhillips) Dr. Michael Pavia CTO…
  34. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 34
    Statoil Collaboration Restricted to owned assets Perpetual Irrevocable Royalty-Free License to IP Unrestricted Use Statoil ASA (OB: STL) International public energy company with 55 billion market capitalization(1) In…
  35. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 35
    AERO is Built on Decades of R&D Spectacular results have been recorded by Statoil at its Norne Field in the Norwegian North Sea. Following 25 years of research and development (R&D) and deployment, the recovery factor at Norne is…
  36. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 36
    AERO Significantly Reduces Production Decline and Boosts Ultimate Reserve Recovery Illustrative Impact of AEROTM Technology 120 A = 700 MBbls B = 1,100 MBbls Post-AERO Start Comparative Production: 100 Production without AERO: A…
  37. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 37
    Sample AERO Technology Implementation Data 250 200 Production (boe/d) 150 100 50 Daily Production Uplift of 90% -- -8 -7 -6 -5 -4 -3 -2 -1 -- 1 2 3 4 5 Months Relative to AERO Start Oil Production without…
  38. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 38
    Sample AERO Technology Implementation Data 50 45 40 35 Production (boe/d) 30 25 20 Daily 15 Production Uplift of 10 120% 5 -- -7 -6 -5 -4 -3 -2 -1 -- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21…
  39. JUNE 2015 INVESTOR PRESENTATION – Glori Energy Inc. – slide 39
    Canadian Rate vs Cum VVV Pool Oil Rate vs. Cum Oil 250 200 Daily Production Rate (bopd) 150 100 50 0 500000 520000 540000 560000 580000 600000 620000 640000 660000 680000 700000 Cumulative Barrels of Oil…

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