Reserve & Resource Disclosure The reserves and resources data for the Company and Winstar set forth in this presentation is based upon the following reports which have been prepared by RPS Energy Canada Ltd. (RPS), an independent…
Acquisition of Winstar Kulczyk Oil Ventures Inc. (KOV) and Winstar Resources Ltd. (Winstar) have signed an Arrangement Agreement whereby KOV will acquire all the issued and outstanding shares of Winstar Compelling strategic entry…
Transaction Overview 7.555 KOV shares (the Share Consideration) or C2.50 per share in cash (the Cash Consideration) Consideration Cash Consideration subject to maximum of C35MM Cash Consideration to be funded by a consortium of…
Overview of Winstar Primary Asset Overview Reserves Zinnia 25 23.6 Liquids (MMbbls) Working interest: 100% Gas (MMboe) 20.2 Net 2P reserves (WI): 0.4 MMboe 20 Reserves (MMboe) Current net production1: Shut-in Producing…
The Combined Company Combined Company Overview Combined Asset Overview 13 licenses across five countries Operator on all licenses Makeevskoye Net 2P reserves (working interest): 20.6 MMboe Olgovskoye Krutogorovskoye 41% liquids;…
Strategic Rationale Primary Benefits to KOV Shareholders 1 Proven ability to apply modern technology to legacy assets, leading to material increases in production, reserves and cashflow Leverage KOVs Increased gross production in…
Strategic Rationale Leveraging KOVs operational expertise KOV has proven its ability to materially increase production in under-developed assets following its acquisition of KUB-Gas LLC Net Operating Cashflow (US000) 20 14 000…
Leveraging KOVs Operational Expertise Indicative plan to unlock value in Winstar Licence Current Production1 2015 Target Production2 KOV Forward Plan Acquire service rig to enable continuous work-over of 1,886 boe/d (gross) 4,975…
Forward Work Program Active drilling program with high-impact exploration upside 2013 2014 Country Well Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec O-15 NM-3 O-24 NM-4 M-15 (Rig 2) O-11…
The Combined Company Board of Directors Executive Directors Timothy Elliott Norman Holton President and CEO Vice Chairman Dariusz Mioduski Chairman Non-Executive Directors Manoj Madnani Gary King Michael McVea Stephen…
Summary Share and cash offer, valuing the share capital of Winstar at C112MM1 Unique portfolio of producing fields, low risk development and high impact exploration upside Wholly operated asset base with established positive…
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