BPC Plc Incorporated in the Isle of Man (AIM: BPC) THE BAHAMAS: A GIANT OIL PROVINCE IN THE MAKING Investor Presentation August 2010 Isle of Man Head Office: IOMA House Hope Street Douglas Tel: +44 1624 647883 Email:…
Important Notice Certain information regarding the Company and the Company's properties constitutes forward-looking information. Such forward-looking information, including but not limited to statements with respect to anticipated rates…
Awarded and Applied BPC Licences 3
BPCs Technical Data Set A Competitive Advantage BPC has the Only Comprehensive Data Set of Bahamas Geology and Geophysics BPC undertook a successful global search for data which at todays dollars would be US500M to acquire Search…
Overview The Bahamas are a sparsely explored region with previous activity by major oil companies spanning 1947-1987 BPC plc is the first oil company to conduct new work in the prime areas since 1987 BPC was formed in 2005 and…
Why The Bahamas BPC and previous work indicates presence of Region has recently attracted possible supergiant Middle East style fields world class operators Bahamas project is regionally adjacent to active oil producing provinces…
Adjacent to Active Oil Systems Gulf of Mexico The Bahamas Cuba Mexico Cantarell Venezuela Columbia Trinidad 7
The Bahamas Compelling Fiscal Terms Royalty Rates, Leases terms: Production Level Royalty Rate Oil Production, up to 75,000 bopd 12.5% Government Take of Project Pre-Tax NPV (%) Oil Production, up to 75,000 to 150,000 bopd 15.0% Oil…
BPC Limited Board & Senior Management Attending Alan Burns: Chairman & Chief Executive Officer Isle of Man Alan Burns is founder of the BPC Group and has a successful 37 year career in the oil business including founding Hardman…
BPC Fundamentals BPC is dedicated to exploration in The Bahamas petroleum province BPC targets high returns by exploring under a tax efficient regime in shallow to moderate water depths Management & Board have significant…
BPC & BPC / Statoil JV Exploration Licenses/BPC Areas in Red/ Statoil JV in Blue Asset* Holder License Area The Bahamas Bain 775,468 acres 2 License (offshore) BPC 3,138 km The Bahamas Cooper 777,934 acres 2 License (offshore)…
BPC Technical Achievements (2006-2010) Retrieved and described original core and cutting samples Completed modern computer workstation analysis: seismic, well logs, gravity and magnetics Petrophysics well log analysis on original…
Corporate History First Mover Advantage BPC is founded by Alan Burns Board expands to Five licences BPC applies for Announces include Michael approved by additional licences commencement of Proffitt as Financial Governor General…
BPC Capitalisation Chart BPC plc Capitalisation USm 160 140 Open offer 1m Exercise of options 0.47 / share 10 for 1 share totalling 5,710,000 exchange; shares 120 share dilution to 0.047 Issue of 70 Reverse Takeover million…
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 Marine Geology and…
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…
BPCs BH 2010 - 1 2D Seismic Survey June 2010 N C4 S 2 km 1 sec 2 sec 3 sec N C4 S 2 km 1 sec 2 sec 3 sec 19
Identified Giant & Super-Giant Leads Tenneco Max Case 100% Structural Fill Most Likely Case 50% Structural Fill Minimum Case 33% Structural Fill Resource est bn bbl bn bbl bn bbl Manta Ray 1.447 0.543 0.049 Sand Shark 1.386…
Farm out objectives [assumes Statoil leases granted] BPC Statoil Joint Venture covers three blocks over 942,391 hectares (2,328,700 acres) BPC is fully carried up to drilling stage while retaining a significant interest Anticipated…
Corporate Overview GBP USD Price 3.50 5.60 BPC PLC Isle Of Man 52 Week High 5.25 8.41 52 Week Low 1.63 2.61 100% Shares Outstanding 859.5 - BPC Ltd. Bahamas Market Cap (mm) 30.1 48.2 Cash and Cash Equivalents (mm) 2.10 3.4 Debt…
BPC Share Price Chart 6.0 100 BPC raises 2.4 million BPC begins to attracts a number other of BPC applies for 2 From institutional shareholders well known institutional investors and further new licences in at a price of 3.5 pence…
BPC Limited Shareholders List June 2010 RAB Capital 128,461,650 14.95% Legal & General Investment Mgmt 65,278,572 7.60% Burns Family Investments Ltd * 44,820,000 5.21% BlackRock Investment Management (UK) 37,535,714 4.37% TD Waterhouse…
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 attractive…
Industry in the Bahamas Freeport is the major industrial center of The Bahamas, including container facilities, oil off-loading terminals, dry dockage and oil storage terminal. Borco is the largest storage terminal in the Caribbean, and…
Cuba Ramps up Exploration Activity Region has recently attracted world class operators have been attracted to Cuba and The Bahamas In 2005 Repsol with partners Statoil and India ONGC drilled a well 60 miles west of Cay Sal bank. The…
Appendices 28
Industrial Port, Grand Bahamas Borco Oil storage terminal at Freeport Industrial Tanker off-loading at Freeport Industrial Port Port is the largest oil storage facility in the Caribbean 29
Muertos Cay, north central Cay Sal Bank Water and Dead Mans Cays, north central Cay Sal Bank 30
Great Isaac Lighthouse, NW Great Bahama Bank Great Isaac Cay and Lighthouse, north of Bimini, Great Isaac Lighthouse Miami Licence 31
Islands of Cay Sal Bank Elbow Cay, northwest tip of Cay Sal Bank Elbow Cay abandoned lighthouse, Cay Sal Bank 32
Islands of Cay Sal Bank Land Bases Cay Sal Island, west side of Cay Sal Bank Anguilla Cay, southeast tip of Cay Sal Bank 33
Freeport, Grand Bahamas Tanker off-loading at Freeport Industrial Harbour, Grand Bahama 34
IHS Licence Map of Cuba & BPC Licences 35
Recent Cuba Exploration News Russias Zarubezhneft to drill Cuba oil shelf in 2011 CEO Source: RIA Novosti, Moscow + Cubastandard.com 14 July 2010 Russian Oil Company JSC Zarubezhneft Opens Office in Cuba Source: Latin America…
Great Isaac - 1 Possible Gas Zone Key Intervals Support Presence of Hydrocarbons 17,200 TOTAL GAS OVER- PRESSURE ZONE 17,400 CALCULATED GAS IN DOLOMITE 17,600 BLEEDING OIL GAS & CONDENSATE IN FRACTURES CORE 5 Over…
Porosity Reservoir-Seal Pairs Doubloon Saxon 1 Moved Hydrocarbons Hydrcarbons Shale Shale Matrix Unmoved Oil S = Sandstone Oil L = Limestone Porosity & Hydrocarbon Saturation Profile 100 ft of 18% Porosity Moved Oil Gas D =…
Great Isaac Oolite Anhydrite Reservoir Seal Pairs G r e a t Is a a c 1 0 ,3 1 3 cm 1 mm 10343 OOID GRAINSTONE - PRESERVED INTERGRANULAR ANHYDRITE SEAL ROCK POROSITY & LEACHED OOID MOLDS EXCELLENT RESERVOIR POROSITY &…
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