Petroceltic International PLC An expanding portfolio with strong growth potential Bank of America Merrill Lynch Conference The Grove 4th/5th April 2011
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) of the Financial Services and…
Outline Company Overview and Highlights Management Team Strategy Investment Areas Algeria Italy Newsflow
Petroceltic Overview An exploration led oil and gas company with operated assets in Algeria and Italy Founded in 2003 and quoted on AIM and ISE with a market capitalisation of approximately 260 mm (US420 mm), as of March 2011 30…
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 over the next 18 months to move…
Petroceltics Board & Management Robert Arnott Brian OCathain Tom Hickey Alan McGettigan Non-Executive Chairman Chief Executive Corporate Development Director Finance Director Dr Arnott has over 25 years Mr OCathain is a geologist and…
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 acquisitions and organic exploration and…
Petroceltic Current Core Areas Core areas in Algeria and Italy in which Petroceltic has three potential company makers Rovasenda, Po Valley Significant exploration potential identified 200-270 MMbbls gross prospective resources…
Algerias Natural Gas Market & PCIs Isarene Permit 9
Algeria: Major gas condensate discovery Second exploration phase completed Five well Isarene drilling programme completed in January 2010 The programme delivered four discoveries Two year appraisal extension secured for four…
Algeria: Ongoing Appraisal Programme Active work programme 2010-2011 to appraise the discoveries Petroceltic retains four structures into the next phase of the Isarene permit (April 2010 April 2012) A two year appraisal extension…
Algeria: Gross Discovered Hydrocarbons in place Drilling programme in 2009 has proved up significant gross discovered hydrocarbons in place Ain Tsila confirmed as a major gas condensate 0 10 20 km discovery with GIIP 6100 BCF (P50)…
Ain Tsila: Location of current programme appraisal wells Existing Wells AT-5 Planned Locations AT-4 AT-6 AT-7 13
Ain Tsila: Objectives of appraisal program Provide technical data to support commercialisation of Ain Tsila discovery Prove productivity necessary for commercial development Horizontal wells to target fault/fractured zones Vertical…
Ain Tsila: Reservoir Gross & Net Hydrocarbon Pay Thicknesses Ordovician Gross/Net Thicknesses 200.0 150.0 thickness (m) Gross m 100.0 Net m 50.0 0.0 AT-1 AT-2 AT-3 AT-4 AT-5 NCL-2 TSI-bis TXAN-1 15
Cross Section from AT-1 to AT-4 Sand AT-1 [SSTVD] SSTVD Z o n e l o g l i n k e d t o ' W o rk i n g c o rre l a t i o n c o rr3 ' 0.04 porosity 11.4k 0.25 Sand AT-2 [SSTVD] SSTVD Z o n e l o g l i n k e d t o ' W o rk i n g c…
AT-4 Ordovician Well Summary with Hydraulic Fractures Upper Perforation Post-Frac interpretation 1m upper 107m perforation Low saturation indicative of very low permeability and not aquifer/GWC Lower Perforation Post-Frac…
Ain Tsila: AT-5 pilot and horizontal well tracks 500 600 700 800 900 1000 1100 1200 1300 1400 1500 1600 Zones -1820 -1820 Ord IV IV-3 IV-2b -1840 -1840 -1840 -1840 IV-2a Z: -1846.40 Z: -1847.71 IV-1b…
4 Well Appraisal and Delineation Programme Algeria Work Program - 2011 2010 2011 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Start Up - Civils & Planning Rig Mob Drill & Test AT-4 (Vertical) Algeria Drill…
Algeria: Likely Development Scenario Q4 2011 - Gas commercialisation discussions with Sonatrach on joint marketing Plan of development (Final Discovery Report) to be submitted to Sonatrach Q1 2012, approved end Q2 2012 Development…
% From Algeria % From Libya 16% 33% 34% 12% 33% 13% 16% 21
Italy: Material Prospects Rovasenda Source Petroceltic Petroceltic has an exciting portfolio of acreage with 270MMbbls Source TRACS CPR significant resource potential potential Petroceltic has six permits in Italy and is operator in…
Italy Petroceltic Po Valley Acreage 23
Italy: Rovasenda Rovasenda is a Triassic prospect with a gross unrisked prospective recoverable resource estimate of 270 MMbbls A look-alike for the prolific adjacent 240 MMbbl Triassic Villafortuna-Trecate field where production,…
Italy Petroceltic Adriatic Acreage 25
Italy: Central Adriatic Area Plans Elsa-2 timing uncertain due to post BP-GOM regulation changes in Italy Petroceltic planned to drill the Elsa prospect by drilling and testing the Elsa-2 well (55% WI) adjacent to the Elsa-1 well in…
Recent Broker Comments Mirabaud 1st February 2011. Finding E&P stocks that look cheap on a VALUATION basis is not easy, but its certainly not impossible. We highlight Petroceltic International as a top pick the Algeria-focused company…
Shareholder Structure Shareholder %Holding Holding Capital Research 5.01% 100,847,052 Capital Research BlueGold 4.67% 94,058,863 BlackRock 4.62% 93,120,586 BlueGold Fidelity 4.13% 83,116,738 BlackRock Scottish Widows 3.99% 80,312,488…
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