(AIM: BPC) THE BAHAMAS: A GIANT OIL PROVINCE IN THE MAKING Investor Presentation June 2011 Isle of Man Head Office: IOMA House Hope Street Douglas Bahamas Petroleum Company Plc 2D Seismic Tel: +44 1624 647883 Acquisition…
Bahamas Petroleum Company Corporate Highlights 2010 - Significant Year Significant growth in shareholder value 2D results large structures - first seismic survey since 1987 Two additional licences applied for covering 6,210 km2 JV…
Google Image showing Bahamas Petroleum Company Awarded Licences and Licence Applications 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 39 year career in the oil business including founding Hardman Resources,…
Corporate History First Mover Advantage US17.5 Million Spent on Geological, Geophysical and Well Core Acquisition, Evaluation and Processing The Company Paul Crevello is announces appointed as CEO preliminary and Alan Burns…
Corporate Overview GBP USD Price* 0.1850 0.3000 52 Week High 0.2575 0.4172 52 Week Low 0.0205 0.0332 52 Weeks to date Percentage Growth** 507 507 Market Cap (mm) 227.6 368.8 Cash and Cash Equivalents (mm)*** 3.8 6.1 Debt (mm) -…
Share Price Chart Company The Company raises 43.3 Bahamas Govt Bahamas Petroleum Company begins to attract announces million at a price of 18.75 pence announces a number of other well known institutional suspension of preliminary…
Bahamas Petroleum Company Technical Team Dr. Paul Crevello has over thirty-four years experience in US domestic and international exploration in more than 40 countries. University of Miami (Master of Science in Marine Geology) and…
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 of…
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…
Bahamas Petroleum Company Licences and Bahamas Petroleum Company / Statoil JV Exploration Applications Asset (1) Holder Licence Area The Bahamas Bain Bahamas Petroleum 775,468 acres 2 Licence (offshore) Company 3,138 km The Bahamas…
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…
2010 - 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…
Previous Wells Drilled Core Interpretation Numerous hydrocarbon shows throughout all wells 15
Bahamas Petroleum Company 2010 2D Survey Giant Prospects & DHIs N S Seismic confirms continuity of Reservoir-Seal Pairs Seafloor vent active hydrocarbon seepage creates vent on seafloor 16
Giant Prospects - Bahamas Petroleum Company Map Structure top of Cretaceous PSDM Data 25 Km 17
2011 - 2D Seismic showing top of Cretaceous Across folds A, B and C 5 km Fold A Fold B Fold C Near top Cretaceous Intra lower Cretaceous Jurassic Top lower cretaceous Section is horizontally compressed approximately 2:1. 18
Size of Prospects Identified by January 2011 2D Survey Top Cretaceous Polygons Based on Lowest Closed 50 ms Contour, May 2011 Surface Fold Length (Km) Sq. Km Acres Closure 2-way time Comment Color Top Cret. A 59 205 50,600…
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…
Giant Prospects - Bahamas Petroleum Company Map Comparison of 2011 Prospects versus 2007 Leads* Contour Interval 0.100 seconds = 100 ms * 2007 leads outlined in black 21
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 one…
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…
Appendices 1. Historical Bahamas Activity 1.1. Great Isaac Oolite Anhydrite Reservoir Seal Pairs 2. Bahamas Petroleum Exploration Programme Update 16 May 2011 3. Preliminary results for the year ended 31 December 2010 31 March 2011 4.…
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…
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:…
Bahamas Petroleum Company Plc Exploration Update 16 May, 2011 contd 16 May 2011 Bahamas Petroleum Company plc Highlights from the Report Dr. Paul Crevello, CEO of Bahamas Petroleum Company plc said: I am very pleased to be able to…
Preliminary results for the year ended 31 December 2010 RNS Number: 9518D Bahamas Petroleum Company plc 31 March 2011 Preliminary Results for the year ended 31 December 2010 Bahamas Petroleum, the oil and gas exploration company with…
Placing to raise approximately 45.6 million 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 Notice of…
Placing to raise approximately 45.6 million contd ... 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 across its…
Placing to raise approximately 45.6 million 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. The Company…
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…
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…
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…
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 thicknesses…
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 8
Government's stance on oil drilling unchanged JAMMAL SMITH NG Business Reporter Published: Jun 14, 2011 Deveaux: More studies needed before drilling The governments stance on drilling for oil in Bahamian waters remains unchanged, with…
Cuba, Repsol to follow US rules when drilling offshore 3 June 2011 Source: Reuters 03 Jun 2011 Spain's Repsol has reassured the United States it will follow American environmental requirements when it drills offshore Cuba this year and…
Cuba, Repsol Jaguar prospect PTD, Scarabeo 9 day rate 20 May 2011 Source: Evaluate Energy May 20, 2011 Saipem-owned semisubmersible Scarabeo 9 is set to leave Keppel Shipyard in Singapore next month or July and arrive offshore Cuba…
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…
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 and…
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…
Government Suspends consideration process for oil exploration - 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…
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…
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