SIMON POTTER, Chief Executive Officer September 2014 Florida Bahamas Cuba
Bahamas Foreland Basin Exploration Proven oil systems in region Multiple play-types, untested in offset wells Structural: robust 4-way dip closures Stratigraphic: regional analogues FLORIDA Multiple billion barrel potential…
Top Cretaceous Structure B structure extends from 2000 to 22,000 3D Seismic and covers greater than 100,000 acres Comparable in size to structures in the Middle East; Much larger than anything in the US Gulf of Mexico Fold C…
Play Types (BPC Licence Area) Talus deposits Talus (Albian Reef) Mid Cretaceous (Cenomanian Reef) Golden Lane Analog) Low Velocity facies Cenomanian Albian South B Nth-1 Reef Reef B Sth-1 C-1 North Drowning Cret. Tertiary…
Environment Impact Assessment - Approved Regulations and Standards International best practices embodied in already approved EIA No sensitive environments in vicinity of drill site Equipment and Procedures Spill Response…
Issues Funding Government Capital Access Act/Regulations Success/Transition to Cash Operations 12.4 million cash Environment and Pollution Drilling Health and Safety Rates SWF Availability Environment Technical EIA EMP…
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