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FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited

Trinity Exploration and Production Limited · Feb 11, 2013 · 21 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. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 1
    Corporate Overview E X P L O RAT I O N & P RO D UC T I O N February 2013 E X P L O R AT IO N & PRODUCTIO N
  2. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 2
    What, Who and Why Trinity is the leading Trinidad focused independent E&P company The Board and management team comprise executives with an exceptional track record of building high quality businesses of scale Trinity has an…
  3. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 3
    Key Facts Market capitalisation 130p / share c. US190mm 2P reserves 31 mmbbl Contingent resources 38 mmboe Current production (avg. Jan 2013) 3,740 bopd 2013E exit production 5,000 bopd Cash Dec 31, 2012(1) US104 million…
  4. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 4
    Trinidad Assets 2P + Contingent Area 2P Reserves Contingent Resources Resources Current Net Production mmboe mmboe mmboe bbls/d East Coast 24.1 29.2 53.3 1,480 West Coast 5.0 5.9 10.9 430 Onshore 2.1 2.8 5.0 1,830 Total 31.2…
  5. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 5
    Board of Directors Name Nationality Experience Founded Trinity in 2005 Bruce Dingwall Geologist 30+ years experience with Exxon, Lasmo and Venture Executive Chairman Production (founder and CEO), sold to Centrica for 1.3 billion Joel…
  6. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 6
    Management Team Name Nationality Experience Joel Monty Pemberton CEO since 2009 and has led business through rapid growth phase CEO & Executive Director Chartered accountant by background, focus on energy for 13+ years Bryan Ramsumair…
  7. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 7
    Trinidads Operating Landscape Prolific hydrocarbon basin that forms part of Eastern Venezuelan basin Commercial production since NCMA Area 1910 and 3.5bn bbl of oil Angostura (1.6bn bbl onshore) and 22Tcf BG BHP Columbus Basin of…
  8. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 8
    Trinidads Operating Landscape (contd.) Current production of c. 782,000 boepd (82,000 2011 Production by Operator bopd oil and 4.2 Bcf/d gas) with production 400 Oil Gas dominated by a small group of Majors/large caps 100 and…
  9. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 9
    Galeota: Production & Development Net Oil Sand M-Sand Structure Map 65% operated interest (Petrotrin 35% partner) Gross 2P reserves of 39mmbbl Shallow water (50-155 feet water depth) with significant infrastructure in place…
  10. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 10
    Galeota: E&A Upside Significant exploration potential, with 5 wells planned in 2013-2014 targeting 44 mmboe net unrisked prospective resources 3 wells to be drilled from platform providing lower-cost solution and ability to…
  11. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 11
    Onshore Low Risk Development Drilling Commercial production onshore Trinidad since 1910 and Forest Reserve has produced 1.2bn bbl to date with low recovery rates (c. 12-15%) leaving significant remaining potential 12
  12. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 12
    Onshore (contd.) Lease Operatorship Production Onshore business offers low risk exploitation opportunities, generating strong cash flows 6,000 Current net production of 1,830 bopd from Trinitys onshore operations 5,500…
  13. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 13
    Offshore West Coast Brighton Marine field in production since 1950s (100% WI) Current production of 295 bopd (net) New 3D seismic has identified infill opportunities and undrilled fault blocks 20 infill locations identified in…
  14. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 14
    Pletmos (South Africa) c. 11,000 km2 block in shallow water…
  15. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 15
    Work Programme Activity 3,740 bopd 2013 5,000 bopd 2014 currently exit rate Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Onshore Operations Onshore development wells 12 Wells 15 Wells Offshore Operations Trintes development wells 8 Wells 6 Wells Charlie…
  16. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 16
    Production Potential Indicative Production Profile 2P NPV 14,000 2P NPV per CPR for the enlarged group of US268 million 12,000 Additional risked NPV of Galeota 10,000 2C contingent resources of US72 million (risked at 55%)…
  17. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 17
    Summary Current production of 3,740 bopd growing to 5,000 bopd by end 2013, generating strong cash flows for re-investment Active exploration and development drilling programme Highly skilled and experienced management team and…
  18. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 18
    Appendix 19
  19. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 19
    Trinidad & Tobago Background Trinidad is the most southerly English speaking island in the Caribbean, located between the Caribbean Sea and the North Atlantic Ocean and seven miles off the northeast of Venezuela The Country is 5,128…
  20. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 20
    Corporate Advisers NOMAD & joint broker RBC Capital Markets Joint broker Jefferies Hoare Govett Bankers Citibank Auditor PricewaterhouseCoopers Competent person RPS Group Gaffney Cline Associates Public relations Brunswick Group Legal…
  21. FEBRUARY 2013 INVESTOR PRESENTATION – Trinity Exploration and Production Limited – slide 21
    E X P L O R AT IO N & PRODUCTIO N Trinidad & Tobago office UK office SSL Building, 40-44 Sutton Street, 23 Melville Street San Fernando, Trinidad, W.I. Edinburgh PO Box 3519 La Romain EH3 7PE Tel: +1 868 653 4369 Tel: +44 131 240…

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