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Oil Barrel Conference – Bahamas Petroleum

Bahamas Petroleum · Oct 28, 2009 · 37 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. Oil Barrel Conference – Bahamas Petroleum – slide 1
    THE BAHAMAS: BPC LIMITED AN OIL PROVINCE Isle of Man Office: REDISCOVERED IOMA House Hope Street Douglas Tel: +44 1624 641199 Presented at Oil Barrel Conference 28 October 2009 Email: infobpcltdgroup.com Website:…
  2. Oil Barrel Conference – Bahamas Petroleum – slide 2
    BPC Limited - Board of Directors Alan Burns: Chairman & Chief Executive Officer Alan Burns has a 37 year career in the oil business as Managing Director or Chairman of successful oil exploration and development companies. He has been…
  3. Oil Barrel Conference – Bahamas Petroleum – slide 3
    BPC Team Dr Paul Crevello Alan Burns Michael Proffitt Idris Reid USA Isle of Man Isle of Man Bahamas Manager 3
  4. Oil Barrel Conference – Bahamas Petroleum – slide 4
    The story so far Admitted to AIM September 2008 Signed StatoilHydro Exploration Joint Venture mid 2009 Larger shareholder spread since mid 2009 Potential multiple giant leads identified by independent reports Secure licences &…
  5. Oil Barrel Conference – Bahamas Petroleum – slide 5
    Bahamas Exclusive Economic Zone (EEZ) & Gulf of Mexico 6
  6. Oil Barrel Conference – Bahamas Petroleum – slide 6
    Cuba IHS Licence Map Cuba licences awarded to Russian Oil Companies 7
  7. Oil Barrel Conference – Bahamas Petroleum – slide 7
    Map Showing Previous Petroleum Exploration Licences in Bahamas Territory from 1947-1988 Source: The Commonwealth of The Bahamas All the above licences were abandoned prior to 1988 8 Tenneco were the final licence holders
  8. Oil Barrel Conference – Bahamas Petroleum – slide 8
    Historical Oil & Gas Prices - Average Annual Price Bahamas well timings Andros, Cay Sal, Long Island, Great Isaac, Doubloon Saxon Andros, 1 Cay Sal, 1 Long Island, 1 Great Isaac, 1 Doubloon Saxon, 1 ---- Oil Nominal (US/bbl)…
  9. Oil Barrel Conference – Bahamas Petroleum – slide 9
    Tennecos Resource Potential of Leads Mapped in The Bahamas in 1987 Max Case Most Likely Case Minimum Case 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…
  10. Oil Barrel Conference – Bahamas Petroleum – slide 10
    Tenneco 1985 Prospects Potential Oil Fill Scenarios These areas are inside BPCs licences -7000 -7000 -10000 50 km GREEN 4-way isolated closure (COMBINED 33,581 ACRES) YELLOW - 4-way combined closure (COMBINED 122,441…
  11. Oil Barrel Conference – Bahamas Petroleum – slide 11
    Why The Bahamas saw Limited Activity until BPC personnel lodged Applications in 2005 Technology hindered deep water exploration in the pre and mid 1980s Drilling technology limited to less than 500 feet - As a consequence, Tenneco…
  12. Oil Barrel Conference – Bahamas Petroleum – slide 12
    Licence Agreement Signed by His Excellency Arthur D. Hanna, Governor-General of the Commonwealth of The Bahamas 13
  13. Oil Barrel Conference – Bahamas Petroleum – slide 13
    Location of BPC Licences in the Commonwealth of The Bahamas Licences located both in shallow and deep water 14
  14. Oil Barrel Conference – Bahamas Petroleum – slide 14
    Cay Sal Bank 15
  15. Oil Barrel Conference – Bahamas Petroleum – slide 15
    Core Storage Facility, New Orleans, LA, USA Hunt for the almost Buried Treasures Core Facility Flooded by Hurricane Katrina, August 29, 2005 16
  16. Oil Barrel Conference – Bahamas Petroleum – slide 16
    Core Storage Facility - Flooding limited to lower 4 feet Core boxes washed off shelves Geologist discovers Bahamas cores in upper racks 17
  17. Oil Barrel Conference – Bahamas Petroleum – slide 17
    Core Storage Facility Dr. Richard Inden, carbonate geologist, examines Bahamas cores 18
  18. Oil Barrel Conference – Bahamas Petroleum – slide 18
    BPC Data Room, Boulder CO, USA, Calibrating Well Log Petrophysics Attributes with thin Section Porosity and Permeability 19
  19. Oil Barrel Conference – Bahamas Petroleum – slide 19
    BPC Data Room, Boulder CO, USA Evaluating Foldbelt Seismic Attributes with Gravity & Magnetics 20
  20. Oil Barrel Conference – Bahamas Petroleum – slide 20
    Doubloon Saxon Whole Core Showing Vug/Fracture Porosity Retrieved 16,573 Fractured BRECCIATED DOLOMITE Darcy Permeability (not measured) Core slow bleeding oil Fluorescence petrography indicated migrated oil 21
  21. Oil Barrel Conference – Bahamas Petroleum – slide 21
    Great Isaac Oolite Anhydrite Reservoir Seal Pairs Great Isaac 10,313 cm 1 mm 10343 OOID GRAINSTONE - PRESERVED INTERGRANULAR ANHYDRITE SEAL ROCK POROSITY & LEACHED OOID MOLDS EXCELLENT RESERVOIR POROSITY & PERMEABILITY 22
  22. Oil Barrel Conference – Bahamas Petroleum – slide 22
    Generalised Well & Hydrocarbon Shows (Florida Bahamas Cuba) most are wells drilled on either no, or inadequate seismic 23
  23. Oil Barrel Conference – Bahamas Petroleum – slide 23
    BPC Major Assets Skilled experienced people with established track record of stakeholder delivery Quality petroleum licences in the Commonwealth of the Bahamas Sole ownership of the complete geological and geographical data…
  24. Oil Barrel Conference – Bahamas Petroleum – slide 24
    Stratigraphic Chart of the Bahamas and Adjacent Areas Age South Florida Little Great Bahama Bank NW Cuba Cay Great Doubloon Bahama Bank Cay Sal Bank Say 1 Isaac Saxon Eocene & Present Present Present Present Younger Paleocene…
  25. Oil Barrel Conference – Bahamas Petroleum – slide 25
    BPC 2006 2009 Technical Projects 81 80 79 78 77 27 Grand Bahama Retrieved and Described Original Core and Cutting Samples F L O R I D A Freeport Great Abaco Modern Computer Workstation MIAM I Fort Lauderdale M3 M2 Island…
  26. Oil Barrel Conference – Bahamas Petroleum – slide 26
    Schematic Geological Cross Section of the Bahamas Play Types & Potential Oil Field Styles 1. Jurassic Paleo Highs, Clastics & Subsalt 2. Upper Cretaceous 3. Lower Cretaceous & 4. Middle Late Jurassic 5. Foreland Folds &…
  27. Oil Barrel Conference – Bahamas Petroleum – slide 27
    Seismic Line across Tenneco Doubloon Saxon Well SE NE D5 10 KM DS 1 penetrated imbricate thrust off structural crest 28
  28. Oil Barrel Conference – Bahamas Petroleum – slide 28
    Seismic Line across Southern Fold Belt to Platform 0.5 sec closure in 5-10 km wide folds 29
  29. Oil Barrel Conference – Bahamas Petroleum – slide 29
    Commercial and Fiscal Terms of The Bahamas for oil and gas production Royalty Rates, Leases terms: Production Level Royalty Rate Oil Production, up to 75,000 bopd 12.5% Oil Production, up to 75,000 to 150,000 bopd 15.0% Oil Production,…
  30. Oil Barrel Conference – Bahamas Petroleum – slide 30
    BPC Corporate Structure Shares on issue 789,639,838 Current share price 4.30p Market Capitalisation 35M Cash on hand* 3,004,997 Unlisted options 7,896,398* *Figures at 31 December 2008 Top 40 hold 97% Top 20 hold 94%…
  31. Oil Barrel Conference – Bahamas Petroleum – slide 31
    BPC Shareholder List Holdings above 3% Shareholder Shareholding Stake held in total issued share capital of the Company (%) RAB Special Situations 156,461,650 19.81 Gartmore 76,180,000 9.65 Legal & General 75,500,000 9.56 Mark…
  32. Oil Barrel Conference – Bahamas Petroleum – slide 32
    BPC Share Price Performance: Sept 2008 Oct 2009 33
  33. Oil Barrel Conference – Bahamas Petroleum – slide 33
    News Release: StatoilHydro to acquire Bahamas crude oil terminal Norway Post 26 October 2009 StatoilHydro has signed an agreement with World Point Terminals Inc to buy the South Riding Point crude oil storage and transhipment terminal…
  34. Oil Barrel Conference – Bahamas Petroleum – slide 34
    News Release: BPC Limited and StatoilHydro to Reopen Bahamian Energy Exploration with Offshore Joint Venture 18 May 2009, 08.01 Venture Marks First Major Bahamian Exploration Project in 22 Years PERTH, Australia-- Energy exploration…
  35. Oil Barrel Conference – Bahamas Petroleum – slide 35
    Cont BPCs Chairman, Alan Burns said: We are delighted to partner with a respected industry leader like StatoilHydro. It is testament to the prospects of the southern Bahamas and to BPCs contacts and commitment to the region that a large…
  36. Oil Barrel Conference – Bahamas Petroleum – slide 36
    BPC believes there are supergiant oilfields to be found in Bahamas waters and is working with partners to find them 37
  37. Oil Barrel Conference – Bahamas Petroleum – slide 37
    Thank you for attending may your Christmas be full of Christmas Trees Golden Lane Mexico Cerro Azul 4 was a reef complex similar to the buried reefs of the Bahamas Mexico's Cerro Azul No. 4 was hailed as the the world's greatest…

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