PetroNeft Resources plc Exploration, Development & Production in Russia and the FSU Bank of America Merrill Lynch 10th Annual Oil & Gas 1-1 Investor Forum Presentation 04 06 April 2011
Company Overview & Strategy
Company Overview & Strategy Established in 2005 to build a diversified E&P business in Russia Motivated management team with proven experience of exploration, production and corporate Overview development in Russia and abroad…
Regional Location Map West Siberian Oil & Gas Basin Discovered Reserves Barents 144 billion bbls of oil Urengoy Gas Field 1,300 TCF gas Sea 350 TCF original reserves Licence 61 (Ryder Scott Evaluation 1 Jan. 2011) West…
Tomsk Oblast PetroNeft 67 Tomsk Oblast Very Active Region Rosneft, ONGC/Imperial Energy, TNK-BP, Gazprom, Gazpromneft, local companies PetroNeft Resources plc 6
Licence 61 Field Development Programme
Development Plan First Phase - Lineynoye and West Lineynoye 2010 programme: Construction of 60 km pipeline, oil processing/storage facilities completed WL and Lineynoye 9 oil production wells and 1 water source Arbuzovskoye well…
Lineynoye Field Development Schematic Oil-Water-Contact from L-5 -2417 206 205 209 208 207 201 Central 204 Pad 2 Processing 331 116 203 Facility 202 114 332 115 L- 1 333 113 334 117 Pad 1 112 111 335 Slant Hole 336 L-…
Lineynoye Field - February 2011 Drilling Pad 3 Drilling Pad 2 Drilling Pad 1 Central Processing Facilities Lineynoye Camp PetroNeft Resources plc 10
Average Net Oil Production Rate (Bopd) Annual Production Licence 61 & 67 Cumulative Production Bbls millions The forecast is based on the Companys 2P reserves of 96.9 million bbls six existing oil fields only 2P reserves remaining…
Pad 1 Vasyugan J1 Formation Correlation Northwest Southeast Bazhenov Fm. Georgievskaya Fm. J11 J11 J11 J11 J12 J12 20 m J12 J12 J12 J12 SP Vasyugan Fm. Pad 1 drilling results very good and in line with…
Reserves and Resources Oil Fields Proved Proved and Proved, Probable 2P NPV 10% Probable and Possible 1P mmbo 2P mmbo Base Case (1) 3P mmbo Licence 61 Lineynoye field 5.15 22.74 131 million 28.47 West Lineynoye field 2.71 23.32 82…
L61 Lineynoye, Kondrashevskoye & Arbuzovskoye North Varyakhskaya Exploration Well Lineynoye Oil Field Facilities Quality reservoir high value reserves Central Process Facilities Quick tie-in to Lineynoye Facilities Oil Storage…
Licence 67 (Ledovy) Updated Seismic map Ledovy Block Structures and Traps 6 Oil Fields and Oil Tests Prospects 2 Drilled Structures - Dry and under review 15 7 Structure Name Main Objectives 5 Drilled Structures Ledovoye Oil…
L67- Ledovoye Oil Field Structure Map on Base Bazhenov Horizon North Ledovoye Oil Field Contour Interval 10 meters North Ledovoye Oil Field Under development by MOL Group subsidiary Matyushkinskaya Vertikal Ledovoye Oil…
Building our Reserve base Track record of Reserve Growth: Licence 61&67 2P Reserve Growth Licence 61&67 3P+P4 Reserve Growth1 120 700 640.69 96.93 100 600 14.02 156.17 million barrels million barrels 80 70.84 13.24 500…
News Flow 2010/2011 Investment Highlights
News flow 2010/2011 Regular significant news flow: Date Event January 2011 Y/end 2010 production update and progress on winter schedule including commencement of Hydraulic Fracturing programme March 2011 Updated reserves from Ryder…
Investment Highlights On production with steady production growth forecast Fully Funded Projects delivered on time and on budget Development Production Drilling Programme continuing in 2011 and beyond (17 new wells in 2011) Total…
Appendices
Corporate Information Share Capital * Trading details Exchanges: Ordinary Shares in issue: 416,098,432 AIM Market (London Stock Exchange) Share options outstanding: 16,764,000 Warrants outstanding: 6,200,000 ESM Market (Irish Stock…
Board of Directors G. David Golder Non-Executive Chairman 34 years industry experience with Marathon Oil Company, Sakhalin Energy and others Dennis C. Francis Chief Executive Officer and co-founder Headed Marathons Business…
Experienced Management Team Karl Johnson (Houston) Vice President of Business Development and Operations 30 years experience in oil and gas business internationally including Russia Formerly with Marathon Oil Alexey Balyasnikov…
Contacts PetroNeft Resources plc DAVY Nominated Advisor and Co-Broker John Frain john.fraindavy.ie Dennis Francis, CEO +353 1 614 8761 10333 Harwin Drive, Suite 518 Houston, TX 77479, USA Brian Garrahy brian.garrahydavy.ie…
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