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April 2011 Investor Presentation – Bahamas Petroleum

Bahamas Petroleum · Apr 11, 2011 · 42 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. April 2011 Investor Presentation – Bahamas Petroleum – slide 1
    (AIM: BPC) THE BAHAMAS: A GIANT OIL PROVINCE IN THE MAKING Investor Presentation April 2011 Isle of Man Head Office: IOMA House Hope Street Douglas Bahamas Petroleum Company Plc 2D Seismic Tel: +44 1624 647883 Acquisition…
  2. April 2011 Investor Presentation – Bahamas Petroleum – slide 2
    Google Image showing Bahamas Petroleum Company Awarded Licences and Licence Applications 3
  3. April 2011 Investor Presentation – Bahamas Petroleum – slide 3
    Bahamas Petroleum Company Group Overview Formed in 2005 and listed on the AIM market in Sept 2008 (reverse takeover) Current market capitalisation is approx. US399 million (GBP249 million) as at 15/04/11 (BPC: AIM) First oil company to…
  4. April 2011 Investor Presentation – Bahamas Petroleum – slide 4
    Bahamas Petroleum Company Board Alan Burns: Non-Executive Chairman Isle of Man Alan Burns is founder of the Bahamas Petroleum Company Group and has a successful 37 year career in the oil business including founding Hardman Resources,…
  5. April 2011 Investor Presentation – Bahamas Petroleum – slide 5
    Corporate History First Mover Advantage US13.5 Million Spent on Geological, Geophysical and Well Core Acquisition, Evaluation and Processing The Company Paul Crevello is announces appointed as CEO 3D Seismic preliminary and Alan…
  6. April 2011 Investor Presentation – Bahamas Petroleum – slide 6
    Corporate Overview Enterprise Value Simplified Organisational Structure GBP USD Price* 0.2025 0.3240 52 Week High 0.2575 0.4120 52 Week Low 0.0205 0.0328 52 Week Percentage Growth** 371 371 Market Cap (mm) 249.2 398.7 Cash and…
  7. April 2011 Investor Presentation – Bahamas Petroleum – slide 7
    Five Year Share Price 28 100 The Company raises 43.3 million at a price of 18.75 pence 26 The Company begins to attract a number of other well known institutional investors and further broadens The Company announces preliminary 90…
  8. April 2011 Investor Presentation – Bahamas Petroleum – slide 8
    Bahamas Petroleum Company Technical Team, Consultants & Capabilities Dr. Paul Crevello has over thirty years experience in US domestic and international exploration in more than 40 countries University of Miami (Master of Science in…
  9. April 2011 Investor Presentation – Bahamas Petroleum – slide 9
    Why The Bahamas Overview A politically stable country, with an uninterrupted parliamentary democracy of over 275 years Commonwealth of The Bahamas Population: 310,426 GDP (US Bn): 7.38 Excellent fiscal terms and English based Rule…
  10. April 2011 Investor Presentation – Bahamas Petroleum – slide 10
    Why The Bahamas Attractive Fiscal Terms Royalty Rates and Leases terms: Production Level Royalty Rate Oil Production, up to 75,000 bopd 12.5% E&P Project Revenues/ BOE Sorted by Free Cash Flow Oil Production, from 75,000 to 150,000…
  11. April 2011 Investor Presentation – Bahamas Petroleum – slide 11
    Bahamas Petroleum Company (Red / Yellow) & Bahamas Petroleum Company / Statoil JV (Blue) Exploration Licences Asset (1) Holder Licence Area The Bahamas Bain Bahamas Petroleum 775,468 acres 2 Licence (offshore) Company 3,138 km The…
  12. April 2011 Investor Presentation – Bahamas Petroleum – slide 12
    Bahamas Petroleum Company Technical Achievements (2006-2011) Retrieved and described original core and cutting samples Completed modern computer workstation analysis: seismic, well logs, gravity and magnetics Petro-physics well…
  13. April 2011 Investor Presentation – Bahamas Petroleum – slide 13
    2011 2D Seismic Grid and Mapped Prospects & Leads Seismic grid plan undertaken by Norwegian seismic companies SeaBird Exploration (www.sbexp.com) in 2011 and Spectrum (www.spectrumasa.com) in 2010. Following various negotiations…
  14. April 2011 Investor Presentation – Bahamas Petroleum – slide 14
    Previous Wells Drilled Core Interpretation Numerous hydrocarbon shows throughout all wells 15
  15. April 2011 Investor Presentation – Bahamas Petroleum – slide 15
    Bahamas Petroleum Company 2010 2D Survey Giant Prospects & DHIs N C4 S 2 km 1 sec 2 sec 3 sec Diffuse chimneys above structure Direct Hydrocarbon Indicator (DHI) Seafloor vent active hydrocarbon seepage creates vent…
  16. April 2011 Investor Presentation – Bahamas Petroleum – slide 16
    Seismic Data Analysis September 2010 Dim spots Water bottom evulsion features Flat reflectors 5 Kms Stratigraphic variations, amplitude and frequency variations associated with porosity and/or hydrocarbons; C4 structure with…
  17. April 2011 Investor Presentation – Bahamas Petroleum – slide 17
    Giant Prospects - Bahamas Petroleum Company Map Structure top of Cretaceous 25 Km Contour Interval 0.100 Seconds = 100 ms Prospects 18
  18. April 2011 Investor Presentation – Bahamas Petroleum – slide 18
    2011 - 2D Seismic showing top of Cretaceous Yellow horizon mapped during survey to define structures 0.500 Seconds TWT 5 Km High/Shallow 3.500 Seconds TWT Low/Deep Brut stack seismic display processed on board vessel during…
  19. April 2011 Investor Presentation – Bahamas Petroleum – slide 19
    Size of Prospects Identified by January 2011 2D Survey Table 1 Polygons Based on Lowest Closed 50 ms Contour, February 2011 Polygon Length Sq Km Acres Closure Comment F11-C1 55 200 49,400 50-150 ms closure Based on 1.150 closed…
  20. April 2011 Investor Presentation – Bahamas Petroleum – slide 20
    Identified Giant & Super-Giant Leads Tenneco Max Case Most Likely Case Minimum Case Resource est 100% Structural Fill 50% Structural Fill 33% Structural Fill bn bbl bn bbl bn bbl Manta Ray 1.447 0.543 0.049 Sand Shark 1.386 0.244…
  21. April 2011 Investor Presentation – Bahamas Petroleum – slide 21
    Giant Prospects - Bahamas Petroleum Company Map Comparison of 2011 Prospects versus 2007 Leads* 25 Km Contour Interval 0.100 Seconds = 100 ms * 2007 leads outlined in black 22
  22. April 2011 Investor Presentation – Bahamas Petroleum – slide 22
    Cuba Ramps Up Exploration Activity In 2005 Repsol, with partners Statoil and World class operators have been attracted to India ONGC, drilled a well 60 miles west of Cuba and The Bahamas Cay Sal Bank. The group plans to drill another…
  23. April 2011 Investor Presentation – Bahamas Petroleum – slide 23
    Key Conclusions First mover advantage in assembling acreage in The Bahamas Oil province with world-class exploration potential Strategy to use farm-outs and also retain 100% owned acreage Size and scale of the opportunity…
  24. April 2011 Investor Presentation – Bahamas Petroleum – slide 24
    Appendix 1. Historical Bahamas Activity 1.1. Great Isaac Oolite Anhydrite Reservoir Seal Pairs 2. Seismic Data Analysis February 2011 3. Seismic Data Analysis September 2011 4. The Bahamas: Petroleum system evaluation and hydrocarbon…
  25. April 2011 Investor Presentation – Bahamas Petroleum – slide 25
    Historical Bahamas Activity WELL YEAR OPERATOR TOTAL AGE AT TOTAL DEPTH DEPTH Andros Island 1 1947 Superior 4.446m Early Cretaceous Cay Sal 1 1959 Bahamas 5.763m Jurassic or Early California Cretaceous Long Island 1 1970 Bahamas…
  26. April 2011 Investor Presentation – Bahamas Petroleum – slide 26
    Great Isaac Oolite Anhydrite Reservoir Seal Pairs G r e a t Is a a c 1 0 ,3 1 3 OM IG cm 1 mm 10,343 OOID GRAINSTONE - PRESERVED INTERGRANULAR (IG) ANHYDRITE SEAL ROCK & LEACHED OOID GRAIN MOLDS (OM) POROSITY NOTE:…
  27. April 2011 Investor Presentation – Bahamas Petroleum – slide 27
    Seismic Data Analysis- February 2011 RNS Number : 4546B Bahamas Petroleum Company PLC 18 February 2011 Preliminary onboard processing of recently completed 2D seismic survey in southern Commonwealth of Bahamas waters shows numerous…
  28. April 2011 Investor Presentation – Bahamas Petroleum – slide 28
    Seismic Data Analysis- February 2011, contd ... 1) the 2010 PSTM data indicates that the structures are simple folds and that reservoir-seal strata appear to be continuous across the extent of the structures; 2) continuity of…
  29. April 2011 Investor Presentation – Bahamas Petroleum – slide 29
    Seismic Data Analysis September 2010 DG Consultant Services 607A Kipling St., Houston, Texas 77006, 713 927 2251 September 15, 2010 Introduction: Bahamas Petroleum Corporation (Bahamas Petroleum Company) acquired 194 kilometers of…
  30. April 2011 Investor Presentation – Bahamas Petroleum – slide 30
    Conclusions of the Report The Bahamas: Petroleum system evaluation and hydrocarbon charge potential- October 2010 A study by: Applied Petroleum Technology (UK) Ltd. (www.aptec.no) Oct 2010 conducted independently for Bahamas Petroleum…
  31. April 2011 Investor Presentation – Bahamas Petroleum – slide 31
    Conclusions of the Report The Bahamas: Petroleum system evaluation and hydrocarbon charge potential- October 2010 contd... Maturity: Geothermal gradients are believed to be genuinely low in the area of interest but given the…
  32. April 2011 Investor Presentation – Bahamas Petroleum – slide 32
    Licence Application Update August 2010 Bahamas Petroleum Company News Release 31 August 2010: Bahamas Petroleum Company, (BPC or the Company) the AIM quoted oil and gas exploration company with licences in The Commonwealth of The…
  33. April 2011 Investor Presentation – Bahamas Petroleum – slide 33
    Licence Application Update - August 2010 News Article in The Bahamas Tribune: Govt suspends consideration process for oil exploration August 31, 2010 By TANEKA THOMPSON Tribune Staff Reporter GOVERNMENT has suspended the consideration…
  34. April 2011 Investor Presentation – Bahamas Petroleum – slide 34
    Industrial Port, Grand Bahama- 2010 BORCO Oil storage terminal at Freeport Industrial Port is the largest oil storage facility in the Caribbean Tanker off-loading at Freeport Industrial Harbour, Grand Bahama Appendix 6
  35. April 2011 Investor Presentation – Bahamas Petroleum – slide 35
    Buckeye Partners-February, 2011 Completes acquisition of 100% interest in Bahamas Oil Refining Co. Ltd February 16, 2011 Buckeye Partners, L.P. (Buckeye) (NYSE: BPL) announced today that it has completed the purchase of the 20 percent…
  36. April 2011 Investor Presentation – Bahamas Petroleum – slide 36
    Statoil acquires rights to SRP and agrees to capital expenditures and upgrades- October 2009 On 22nd October, 2009 Statoil completed the acquisition of SRP Holding Limited, which holds the lease for the South Riding Point crude oil…
  37. April 2011 Investor Presentation – Bahamas Petroleum – slide 37
    Repsol moving ahead with Cuba Oil Plans- April 2011 By: Jeff Franks Tue Apr 5, 2011 www.reuters.com HAVANA, April 5 (Reuters) - Repsol YPF (REP.MC) expects to have a Chinese-built drilling rig in Cuban waters by the end of the summer…
  38. April 2011 Investor Presentation – Bahamas Petroleum – slide 38
    Cuba, Partners to drill 5 Gulf Wells this summer- April 2011 Andrea Rodriguez Associated Press Tuesday April 5, 2011, 5:24 pm EDT HAVANA (AP) -- Cuba and partner companies will begin drilling five oil wells in the Gulf of Mexico this…
  39. April 2011 Investor Presentation – Bahamas Petroleum – slide 39
    Placing to raise approximately 45.6 million- March 2011 RNS Number : 0208D Bahamas Petroleum Company PLC 16 March 2011 Bahamas Petroleum Company plc (Bahamas Petroleum or the Company) Placing to raise approximately 45.6 million…
  40. April 2011 Investor Presentation – Bahamas Petroleum – slide 40
    Placing to raise approximately 45.6 million- March 2011contd... Background Since June 2010, the Company has been focused on a targeted 2D seismic program with the aim of defining drillable prospects and assigning resource estimates…
  41. April 2011 Investor Presentation – Bahamas Petroleum – slide 41
    Placing to raise approximately 45.6 million- March 2011 contd ... The expected use of the proceeds of the Placing referred to above represents the Board's current intentions based on the Company's present plans and business condition.…
  42. April 2011 Investor Presentation – Bahamas Petroleum – slide 42
    Placing to raise approximately 45.6 million- March 2011 contd ... The Placing is timely as a suitable 3D seismic vessel is due to arrive in the region earlier than anticipated, allowing us to take the opportunity to expedite our…

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