Public Company Limited Investor presentation June 2015 Page 0
Presentation team Andrew Shrager*, Non-Executive Chairman, is a private investor with a wealth of experience in investment banking. Some of his main roles include: senior adviser at Renaissance Capital (emerging markets); senior…
Urals Energy Public Company Limited Company Cyprus-based E&P holding company Country of operations Russian Federation Assets 2 E&P licences: - far North on Kolguyev island - far East on Sakhalin island Current production (average)…
Area of operations Moscow Page 4
History the transition (2010 2014) Focus on company turnaround, resolution of legacy issues and development of Petrosakh and Arcticneft assets Overall cost-cutting measures, downsizing, personnel changes US9.0m secondary placement…
Assets overview Page 6
Petrosakh - Overview Petrosakh is a Russian closed joint stock company, incorporated in July 1991 to develop the Okruzhnoe field on the eastern coast of Sakhalin Island UEN acquired its ownership interest (97.16%) in Petrosakh on 19…
Petrosakh - Existing Infrastructure In-house drilling and oil field services Equipment and machinery: 2 rigs with a capacity of 80 and 100 tons (development and sidetracking drilling up to 2000m) The only refinery on the island…
Petrosakh Development strategy 2015 plan Upstream Well stock: Total 24 producing wells 4 gas lift 3 natural flow 17 artificial lift Plan to drill up to 6 new wells within the next till 2017, including 2 new wells in 2015…
Arcticneft - Overview Arcticneft is a Russian closed joint stock company incorporated in 1998 in order to develop the Peschanoozerskoe field E&P License valid till 31.12.2067 UEN acquired 100% of Arcticneft in July 2005 Located…
Arcticneft - Existing infrastructure Downstream Oil refining unit, c.440 bopd Produces diesel, fuel oil and straight run gasoline mostly for own needs and local sales points Flexible facilities and infrastructure Oil treatment…
Arcticneft - E&P Capability Well Work Service Units APRS 40 with rated capacity up to 40 tonnes UPA 60/80 with rated capacity up to 80 tonnes Russian-made drilling rig Uralmash-ZD-76 max depth of 5,000 m provides options for…
Arcticneft Development strategy 2015 Well stock Total 25 active wells 3 free flow Artificial lift from most of the wells Development and optimization of workover program, reactivation of idle production wells, development of an…
Strategy Page 14
Strategy overview Drill minimum 2 wells at Petrosakh, if successful drill 1 additional well Finalization of the new field development model and reactivation of idle production Short term wells for Arcticneft Increasing refinery…
Financials Page 16
Financial results Net revenue is determined by several main factors: the level of production / processing, export oil prices and domestic prices for petroleum products, FX value of the rouble and tax regime for oil and gas companies .…
Expected net back structure 2015 Expected net back structure 2015 for the Group estimated based on: Brent price 60 per bbl and exchange rate 55 Rouble per USD Current export market premium for Arcticneft crude and freight rates…
Improvement of net debt Net debt as of 30 June 2011 is a positive number of 9.1 million mainly due to long term debt to Taas- YuriakhNeftegazodobycha which was assigned at the end of 2011 for 26 million. It was unsecured and considered…
Contacts Urals Energy Public Company Limited Evagoras Building Office 34 3rd Floor 31 Evagoras Avenue CY-1066, Nicosia, Cyprus Tel: +357 22 451686 Fax: +357 22 45168 www.uralsenergy.com Page 20
Appendix Page 21
Board and Management Andrew Shrager*, Non-Executive Chairman, is a private investor with a wealth of experience in investment banking. Some of his main roles include: senior adviser at Renaissance Capital (emerging markets); senior…
Corporate structure Urals Energy Public Company Limited Cyprus Petrosakh Urals Energy LLC Arcticneft 97.16% 100% 100% (2.84% balance held by the Moscow Administration of Sakhalin Island) Kolguev Island, Barents Sea…
History the beginning Aug 2005 IPO on AIM - US131 million raised May 2006 US209 million secondary placement Nov-07 US130 million Dulisma loan from Sberbank for Dulisma development Nov-07 US500 million loan facility from Sberbank…
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