PETROCELTIC INTERNATIONAL PLC Petroceltic International PLC Petroceltic International PLC An expanding portfolio with strong growth potential Bank of America Merrill Lynch E&P and Oil Services Conference 18th November 2010
PETROCELTIC INTERNATIONAL PLC Disclaimer This communication is directed only at (i) persons having professional experience in matters relating to investments who fall within the definition of investment professionals in Article 19(5)…
PETROCELTIC INTERNATIONAL PLC Outline Company Overview and Highlights Management Team Strategy Investment Areas - Algeria - Italy New Ventures Newsflow 18th November 2010 E&P and Oil Services Conference 3
PETROCELTIC INTERNATIONAL PLC Petroceltic Overview A full cycle exploration and production company with operated assets in Algeria, Italy and Tunisia Founded F d d in i 2002 andd quoted t d on AIM and d ISE with ith a market…
PETROCELTIC INTERNATIONAL PLC Petroceltic Highlights Track record of adding shareholder value through major gas condensate discovery in Algeria which IHS/ Cera records as the 10th largest discovery of 2009 Active work programme…
PETROCELTIC INTERNATIONAL PLC Petroceltics Board & Management Robert Arnott Non-Executive Chairman Dr Arnott has over 25 years experience in upstream oil and gas. He joined Shell in 1983 as a geologist and subsequently moved in to…
PETROCELTIC INTERNATIONAL PLC Petroceltics Board & Management Andrew Bostock Senior Non-Executive Director Mr Bostock is a Petroleum Engineer with over 20 years experience in upstream oil and gas. He began his career with Shell…
PETROCELTIC INTERNATIONAL PLC Petroceltics Strategy To acquire or discover assets with material hydrocarbon resource potential Target high initial equity interests with operator status preferred Long term growth through…
PETROCELTIC INTERNATIONAL PLC Petroceltic Current Core Areas Core areas in Algeria, Italy and Tunisia Significant exploration potential identified Galsi Pipeline Skikda Rovasenda, Po Valley Arzew 200-270 MMbbls gross…
PETROCELTIC INTERNATIONAL PLC Isarene Permit Algeria 18th November 2010 E&P and Oil Services Conference 10
PETROCELTIC INTERNATIONAL PLC Algeria: Gross Discovered Hydrocarbons in place Drilling programme in 2009 has proved up a significant gross discovered hydrocarbons in place Ain Tsila confirmed as a major gas condensate 0 10 20…
PETROCELTIC INTERNATIONAL PLC Algeria: Future Plans Active work programme to commence in Q4 2010 to appraise the discoveries Petroceltic to retain four structures into the next phase of the Isarene permit (A il 2010 April (April A…
PETROCELTIC INTERNATIONAL PLC Drilling Programme Four well appraisal programme Two vertical and two horizontal wells planned First well of the campaign, AT-4 spud on 16th November Dalma rig No12., a 2,000 horsepower rig,…
PETROCELTIC INTERNATIONAL PLC Objectives of delineation program Provide technical data to support commercialisation of Ain Tsila discovery Prove productivity necessary for commercial development with following options to be…
PETROCELTIC INTERNATIONAL PLC Inventory of potential locations under review first three appraisal locations (F, B & D) approved by Sonatrach A AT-F , AT-B & AT-D approved by Sonatrach B Appraisal location C Under…
PETROCELTIC INTERNATIONAL PLC Appraisal Objectives 4 locations, first 3 approved by Sonatrach AT-F, AT-B & AT-D locations are ranked highest in terms of addressing key appraisal objectives & Ain Tsila Field uncertainties AT-F…
PETROCELTIC INTERNATIONAL PLC 4 Well Delineation Programme Two Rig Schedule Petroceltic Firm Work Program 2011 1st Novemebr 2010 2010 2011 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec RIG 1 (Dalma) Start Up…
PETROCELTIC INTERNATIONAL PLC ATF (4) Location 3D overview AT-F location on Eastern Flank Base Ordovician Unit IV surface, view to NW along t tunnell valleys ll 18th November 2010 E&P and Oil Services Conference 18
PETROCELTIC INTERNATIONAL PLC AT5 Map (overview) Second well: AT-5 (AT-B), targeting a compressional p pop- p p up feature with a sub-horizontal well View alongg the Ridge at Top Ordovician 18th November 2010 E&P and Oil…
PETROCELTIC INTERNATIONAL PLC AT1 to AT5 seismic line AT-1 AT-5 Top Gothlandian Top Ordovician Top Ordovician III Top Basement 18th November 2010 E&P and Oil Services Conference 21
PETROCELTIC INTERNATIONAL PLC AT5 3D overview wellbore to intersect 5 fracture events AT-5a (pilot) and AT-5b (horizontal) sidetrack AT-5a (pilot) and AT-5b (horizontal) well against top Ord IV-3 intersecting Ordovician fault…
PETROCELTIC INTERNATIONAL PLC Appraisal program includes two horizontal wells (ATB, (5)) Zones -1820 -1820 Ord IV IV-3 IV 2b IV-2b -1840 -1840 -1840 -1840 IV-2a Z: -1846.40 Z: -1847.71 IV-1b IV-1a…
PETROCELTIC INTERNATIONAL PLC ATD (6) Map (overview) Subsequent well: AT-6, targeting a pop-up in the central valley area with a pilot/horizontal well View along the Ridge at Top Ordovician 18th November 2010 E&P and Oil…
PETROCELTIC INTERNATIONAL PLC Seismic line AT1 to ATD to AT2 AT-1 AT-6 AT-2 Top Gothlandian Top Ordovician Top Ordovician III Top Basement 18th November 2010 E&P and Oil Services Conference 26
PETROCELTIC INTERNATIONAL PLC AT6 3D overview wellbore to intersect 3 fracture events WSW AT-6b AT-6a ENE AT-6a (pilot) and AT-6b (horizontal) well intersecting Ordovician fault network 18th November 2010 E&P and Oil…
PETROCELTIC INTERNATIONAL PLC Algeria: Likely Development Scenario Q2/Q3 2011 - Gas commercialisation discussions with Sonatrach on joint marketing Plan of development to be submitted to Sonatrach Q4 2011, approved by Q2 2012…
PETROCELTIC INTERNATIONAL PLC Italy: Current Portfolio Petroceltic has an exciting portfolio of acreage Rovasenda Source Petroceltic Source TRACS CPR with significant resource potential 270MMbbls potential Petroceltic has five…
PETROCELTIC INTERNATIONAL PLC Italy: Po Valley Assets Rovasenda Prospect Rovasenda is a Triassic prospect with a gross Rovasenda Triassic Oil unrisked prospective Prospect: Potential recoverable resource Contingent Resources 270…
PETROCELTIC INTERNATIONAL PLC Italy: Central Adriatic Area Plans Start date for Elsa-2 now uncertain due to post BP-GOM regulation changes in Italy Petroceltic plans to drill the Elsa prospect by drilling and testing the Elsa-2…
PETROCELTIC INTERNATIONAL PLC Elsa Impact of proposed drilling limits 30th June Italian Minister of Environment Stefania Prestigacomo announced proposed degree banning drilling within 5 nautical miles of the coast or 12 nautical…
PETROCELTIC INTERNATIONAL PLC New Ventures Continue to seek new opportunities in the core area of Mediterranean and MENA regions but also remain open to opportunities in adjoining regions The Company has developed the in-house…
PETROCELTIC INTERNATIONAL PLC PETROCELTIC INTERNATIONAL PLC News Flow 2010 to 2012 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Algeria Agreement of 2 Year Appraisal Extension Commencement of program f AT4 Test Results AT5…
PETROCELTIC INTERNATIONAL PLC Shareholder Structure Shareholder % Holding Holding Capital Research Global Investors 6.80% 137,014,652 Major Shareholders BlackRock Investment Management (UK) Ltd. 4.96% 99,945,519 Fidelity International…
PETROCELTIC INTERNATIONAL PLC 18th November 2010 E&P and Oil Services Conference 36
Loading...
