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January 2015 Company Update – Trinity Exploration and Production Limited

Trinity Exploration and Production Limited · Jan 20, 2015 · 23 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. January 2015 Company Update – Trinity Exploration and Production Limited – slide 1
    COMPANY UPDATE BUILDING SUSTAINABLE PARTNERSHIPS
  2. January 2015 Company Update – Trinity Exploration and Production Limited – slide 2
    AGENDA Trinity Key Facts Why is partnership important Our partners People Community Suppliers Industry partners Government Financiers How partnerships work 1A/1B 3
  3. January 2015 Company Update – Trinity Exploration and Production Limited – slide 3
    TRINITY KEY FACTS San Fernando, Head Office Trinidad & Tobago Number of Employees 300 2P Reserves 48 mmbbl Contingent Resources 74 mmboe* Q3 2014 Production 3,691 boepd Ticker AIM: TRIN Note: Reserves and resources…
  4. January 2015 Company Update – Trinity Exploration and Production Limited – slide 4
    BUSINESS MODEL & STRATEGY Consistent business model - focusing on reserves and production growth since founding in 2005 Our strategy: Experienced team to identify and deliver on unique opportunities Focus on acquiring and developing…
  5. January 2015 Company Update – Trinity Exploration and Production Limited – slide 5
    OUR ASSETS WEST COAST ONSHORE EAST COAST PGB Tabaquite (Brighton Marine Outer, Guapo Marine WD-5 /WD-6 Galeota (Pending divestment) and Pt. Ligoure) Brighton Marine Inner Guapo 1 WD-13 1A/1B (Pending completion) FZ-2 WD-14…
  6. January 2015 Company Update – Trinity Exploration and Production Limited – slide 6
    RESERVES/RESOURCES DISTRIBUTION RESERVES 2C RESOURCES 90 W. COAST LAND E. COAST 1A/1B 80 70 60 (MMBOE) 50 40 30 20 10 0 PRE 2013 2013 2014 PORTFOLIO DIVERSIFICATION INTO GAS VIA GREENFIELD DEVELOPMENT 7
  7. January 2015 Company Update – Trinity Exploration and Production Limited – slide 7
    WHY IS PARTNERSHIP IMPORTANT TRINITY NEEDS TO ACT AND OPERATE DIFFERENTLY TO MAXIMISE ON RETURNS We are a small, independent, rapidly growing company with a demand for growth capital Significant Competition for Capital Markets…
  8. January 2015 Company Update – Trinity Exploration and Production Limited – slide 8
    DEVELOPING OUR PEOPLE CONTINUED DEVELOPMENT = CONTINUED RESOURCE POOL ENRICHMENT Scholarships for staff and community residence to attend Kenson School of Production Technology. Staff rotation for land workers on offshore assets,…
  9. January 2015 Company Update – Trinity Exploration and Production Limited – slide 9
    DEVELOPING THE COMMUNITY TIME, TALENT AND TREASURE BIG BROTHERS BIG SISTERS Trinidad and Tobagos first corporate mentorship programme in collaboration with the Heroes Foundation Activities designed to develop interpersonal skills,…
  10. January 2015 Company Update – Trinity Exploration and Production Limited – slide 10
    DEVELOPING THE COMMUNITY TIME, TALENT AND TREASURE THE VALUES PROJECT Holistic development of students, staff and parents of the Rancho Quemado Government Primary School. National Day of Caring 2014 start Trinity staff, Families…
  11. January 2015 Company Update – Trinity Exploration and Production Limited – slide 11
    DEVELOPING THE COMMUNITY HSSE IN FOCUS JUNE 2014 Trinity, Tiger Tanks Unlimited and EOG Resources intensive Oil Spill First Response Training programme in Mayaro/Galeota. OCTOBER 2013 Trinity and Tiger Tanks conducted the initial…
  12. January 2015 Company Update – Trinity Exploration and Production Limited – slide 12
    GROWING WITH US AS WE GROW SO DO OUR SERVICE PROVIDERS Petroleum Contracting Services Limited (PSCL) is a family run business who has grown as Trinity has grown Trinity outsourced trucking and swabbing services in 2007 PSCL now owns…
  13. January 2015 Company Update – Trinity Exploration and Production Limited – slide 13
    WORKING WITH SUPPLIERS THE TECHNICAL STRATEGY Implementation of Low Rate Electrical Submersible Pumps (ESP) Improved gas handling capabilities up to 45% of liquid Expected runtime is 3 times that of HDESP (730 days vs 193 days)…
  14. January 2015 Company Update – Trinity Exploration and Production Limited – slide 14
    WORKING WITH SUPPLIERS THE FINANCIAL STRATEGY (RENTAL VS DIRECT PURCHASE) Rental reduces Trinity upfront investment and provides more financial flexibility to allow diverse investments. Under rental agreement workover pay-out is…
  15. January 2015 Company Update – Trinity Exploration and Production Limited – slide 15
    INDUSTRY PARTNERS ROWAN GORILLA III RIG SHARE GROUP Initiated by a Trinity, Sinopec, Nikko consortium Expanded to include EOG, Centrica and Repsol Allows for cost savings to be shared amongst consortium members whilst allowing a…
  16. January 2015 Company Update – Trinity Exploration and Production Limited – slide 16
    GOVERNMENT THE GOVERNMENT HAS BEEN SUPPORTIVE IN TERMS OF TAXATION INCENTIVES WITH NUMEROUS INCENTIVES DESIGNED TO ENCOURAGE EXPLORATION AND INVESTMENT IN NEW OIL Additional taxation reform still needed with respect to small reserve…
  17. January 2015 Company Update – Trinity Exploration and Production Limited – slide 17
    FINANCIAL PARTNERS In the last four years Trinity has raised: USD 63 million in debt financing, USD 104 million in equity (including a complex Reverse Takeover which was nominated for AIM deal of the year) Re-Negotiated 9…
  18. January 2015 Company Update – Trinity Exploration and Production Limited – slide 18
    1A/1B FIELD SUMMARIES Trinity W.I. 80% operated Partners PETROTRIN 2C Resources: Gross 268 Bcf (45 MMboe) 2C Resources: Net 215 Bcf (36 MMboe) Preliminary estimated gross cost of c. US195m to first gas (exc. Infrastructure sale)…
  19. January 2015 Company Update – Trinity Exploration and Production Limited – slide 19
    PARTNERSHIP FOR THE FUTURE BLOCKS 1A/1B IS CLASSIC STRANDED RESERVES DEVELOPMENT PROJECT To make the economic returns work for these small reserve pools we have to think, act, and operate differently: Rig sharing group Financing…
  20. January 2015 Company Update – Trinity Exploration and Production Limited – slide 20
    GALEOTA FIELD: TGAL DISCOVERY TGAL Trinity W.I. 65%, operated Partners PETROTRIN 2C OIIP: Gross 65 - 115 MMbbls 2C OIIP: Net 42 75 MMbbls Five targets intersected, all containing good quality oil bearing reservoir sands OIIP…
  21. January 2015 Company Update – Trinity Exploration and Production Limited – slide 21
    VISIBILITY ON STEP CHANGE IN PRODUCTION 20000 18000 16000 14000 12000 boepd 10000 Current & Expected Portfolio Metrics 8000 Current Reserves 48 MMboe 6000 1a/1b Resources 36 MMboe 4000 Q3 Production 3,619 boepd 2000…
  22. January 2015 Company Update – Trinity Exploration and Production Limited – slide 22
    THE ULTIMATE WIN-WIN STRATEGY Creating sustainable relationships is a key component of our strategy as we strive to maximise returns. A RISING TIDE LIFTS ALL 23
  23. January 2015 Company Update – Trinity Exploration and Production Limited – slide 23
    www.trinityexploration.com

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