AGENDA HRT at a glance Solimes Basin Namibia Basin Financials Strategy -3-
HRT AT A GLANCE Portfolio of 36 blocks onshore and offshore 7.9 billion BOE in risked prospective and contingent resources Surveyed 2,600 km seismic 2D and 9,075 km seismic 3D in 2011 Largest IOC acreage holder in West Africa 92%…
HRT GROUP HRT O&G HRT Africa HRT Canada HRT America HRT Netherlands IPEX Solimes Namibia 21 onshore blocks 12 offshore blocks 49 thousand km 69 thousand km AIR AMAZONIA -5-
SOLIMES BASIN -6- BATE-1
SOLIMES BASIN AT A GLANCE Operatorship of 21 blocks* 49 thousand km area 52 prospects evaluated by D&M 449 mm BOE in prospective resources 515 mm BOE in 3C contingent resources -7- *55% interest after ANP registers transfer…
SOLIMES HIGHLIGHTS 4 helitransportable rigs in operation 4 wells drilled in 2011 8 wells to be drilled in 2012 2D seismic 2,600 km acquired, data being processed 2,200 km under acquisition 20,000 km reprocessed…
AERIAL GEOPHYSICAL Acquired over 80 thousand km of High Resolution Grav/Mag -9-
2D SEISMIC SURVEY News seismic acquisition and reprocessing reflected on better identification of prospects to be drilled Legend 2D Seismic Performed 2D Seismic Planned for 2012 -10- Reprocessed 2D Seismic
DRILLING ACTIVITY Four exploration wells in 2011 with oil, gas and condensate discoveries HRT BASE BATE-1 HRT-1 HRT-2 HRT-6 HRT-3 BAJU BATE-2 HRT-5 HRT-7 HRT-8 FLOATING HRT-4 BASE DRILLED WELLS WELLS BEING…
DRILLING PERFORMANCE HRT drilling activities had significantly improved from the 1st to the 2nd vintage 0 Depth (m) 200 400 600 800 1.000 1.200 1.400 1.600 1.800 24 days 2.000 2.200 34 days 2.400 2.600 Second Vintage…
CLUSTERS CONCEPT HRT basin modeling allowed a clearer view on Solimes gas and oil potential Aru Cluster Cluster for oil Coari Cluster Plan to drill wells in 2012 Juru Cluster New seismic under Exploratory frontier Tef Cluster…
NAMIBIA -14-
NAMIBIA AT A GLANCE Working interest on 12 offshore blocks Operatorship of 10 offshore blocks 69 thousand km2 area 38 prospects evaluated by D&M 6.9 billion BOE in risked prospective resources -15-
NAMIBIA HIGHLIGHTS Acquisitions UNX and Vienna added to companys portfolio near 5 billion BOE risked prospective resources Seismic Campaign Largest 3D seismic campaign undertaken in Namibia coast, 9,075 km acquired Processing and…
BLOCKS 5 Interests in 12 blocks from shallow to deep water 3D seismic surveys to map several new drilling targets HRTs 3D Basin Group Blocks working Seismic Namibia interest Km 2112B Walvis 1 1 100% 5,278 Basin 2212A Windhoek…
PROSPECT DEFINITION BASED ON NEW 3D SEISMIC SURVEY Display of strong-amplitude anomalies in the 3D-seismic volume, extend over an area of approximately 2,000 km in the Blocks 2112B & 2212A -18-
NAMIBIA: OFFSHORE AREAS Most offshore block already leased -19-
FINANCIALS -20-
ANNUAL RESULTS R million NET REVENUES FINANCIAL REVENUES 22 247 16 10 67 6 2009 2010 2011 2009 2010 2011 TOTAL EXPENSES NET RESULTS (LOSSES) -35 -13 -208 -142 -304 -528 2009 2010 2011 2009 2010 2011 -21-
QUARTELY RESULTS R million NET REVENUES FINANCIAL REVENUES 7 72 66 62 6 47 47 2 0 1 4Q10 1Q11 2Q11 3Q11 4Q11 4Q10 1Q11 2Q11 3Q11 4Q11 TOTAL EXPENSES NET RESULT (LOSSES) -14 -70 -53 -73 -115 -101 -123 -136…
CASH FLOW R million 2,427 193 256 1,491 -765 -620 Beginning Cash Recurring Non-Recurring Revenues Warrants Final Cash (Dec 31,2010) Disbursements Disbursements (Dec 31, 2011) -23-
CORPORATE STRATEGY Firm commitment to excellence in our exploratory campaign Maximize Shareholder Value Strong cash position Strong cash position to fund exploratory effort in Solimoes and Namibia over 2 year period Capex 2012-2013:…
MAXIMIZE THE ASSET VALUE New opportunities Farm In / Acquisitions HRT process Petroleum Seismic Drilling Development Production System Concept Sources of funding / Strategic Partnerships Farm Out / Equity Debt…
Knowledge and commitment to go beyond -28-
INVESTOR RELATIONS CONTACT HRT Participaes S.A. Av. Atlntica 1130 - 10 andar - Copacabana CEP 22021-000 - Rio de Janeiro - RJ - Brazil www.hrt.com.br/ir Loureno Bastos-Tigre Fbio Bueno Luis Otvio Pinto CFO and IRO IR Manager…
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