PETROCELTIC PETROCELTICINTERNATIONAL INTERNATIONALPLC PLC Petroceltic International PLC An expanding portfolio with strong growth potential FirstEnergy/Socit Gnrale Global Energy Conference 20th September 2010 1
PETROCELTIC INTERNATIONAL PLC Outline Company Overview and Highlights Management Team Strategy Investment Areas - Algeria - Italy - Tunisia Newsflow FirstEnergy/Socit Gnrale Global Energy Conference 3 Monday…
PETROCELTIC INTERNATIONAL PLC Petroceltic Overview A full cycle exploration and production company with operated assets in Algeria, Italy and Tunisia Founded in 2002 and quoted on AIM and ISE with a market capitalisation of…
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 the…
PETROCELTIC INTERNATIONAL PLC Petroceltics Board & Management Con Casey Non-Executive Director & Company Secretary Mr Casey is a Chartered Certified Accountant, and has over 25 years experience in advising companies in the natural…
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, Tunisia and Italy in which Petroceltic has three potential company makers Galsi Significant exploration potential identified Pipeline Skikda…
PETROCELTIC INTERNATIONAL PLC Isarene Permit - Algeria FirstEnergy/Socit Gnrale Global Energy Conference 10 Monday 20th September 2010
PETROCELTIC INTERNATIONAL PLC Algeria: 2009 Highlights Second exploration phase completed Major gas condensate discovery Five well Isarene drilling programme completed in January 2010 The programme delivered three more…
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 North-South Ain Tsila Cross-Section FirstEnergy/Socit Gnrale Global Energy Conference 13 Monday 20th September 2010
PETROCELTIC INTERNATIONAL PLC West-East Ain Tsila Cross-Section FirstEnergy/Socit Gnrale Global Energy Conference 14 Monday 20th September 2010
PETROCELTIC INTERNATIONAL PLC Model cross-sections through AT-1 AT-2 AT-1 layering net sand distribution saturation Note: AT-2 projected into plane (also in valley) FirstEnergy/Socit Gnrale Global Energy Conference…
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 (April 2010 April 2012)…
PETROCELTIC INTERNATIONAL PLC Inventory of potential locations under review first two appraisal locations approved by Sonatrach A AT-F & AT-B approved by Sonatrach B Appraisal location C Under consideration D F E G…
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 Appraisal Objectives 4 locations, first 2 approved by Sonatrach AT-F and AT-B locations are ranked highest in terms of addressing key appraisal objectives & Ain Tsila Field uncertainties AT-F…
PETROCELTIC INTERNATIONAL PLC 4 Well Delineation Programme - Rig Schedule FirstEnergy/Socit Gnrale Global Energy Conference 21 Monday 20th September 2010
PETROCELTIC INTERNATIONAL PLC Ain Tsila Gas Condensate Discovery and UKCS SNS Q49 on the same scale A AT-F & AT-B approved by Sonatrach B Appraisal location C Under consideration D F E G H FirstEnergy/Socit Gnrale…
PETROCELTIC INTERNATIONAL PLC AT-F (4) Location 3D overview AT-F location on Eastern Flank Base Ordovician Unit IV surface, view to NW along tunnel valleys FirstEnergy/Socit Gnrale Global Energy Conference Monday 20th…
PETROCELTIC INTERNATIONAL PLC Appraisal program includes two horizontal wells (AT-B, (5)) 500 600 700 800 900 1000 1100 1200 1300 1400 1500 1600 Zones -1820 -1820 Ord IV IV-3 IV-2b -1840 -1840 -1840…
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: 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 Italy: Elsa Field Resource Base Independent estimate of gross contingent recoverable resources from 34 to 187 mmboe Independent estimate of gross contingent in place resources from 260 to 573…
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 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 Tunisia: Ksar Hadada Permit Successful farm-out of the Ksar Hadada block in Q2 2009 to a subsidiary of PetroAsian Energy Holdings Ltd with a 14m 2 for 1 carry PetroAsian 51% PetroAsian to finance…
PETROCELTIC INTERNATIONAL PLC Sidi Toui NW & Sidi Toui SE Prospects Depth Map of Top Reservoir P10 case 409 MMBO recoverable Sidi Toui Well deviated to intersect Ordovician P90 case 24 fractured MMBO recoverable…
PETROCELTIC PETROCELTIC INTERNATIONALPLC 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 AT-4 Test Results AT-5…
PETROCELTIC INTERNATIONAL PLC Shareholder Structure Shareholder % Holding Holding Capital Research Global Investors 8.20% 165,108,652 Major Shareholders BlackRock Investment Management (UK) Ltd. 6.99% 140,779,406 Fidelity…