Investor Presentation Including South Taranaki Energy Project (STEP) September 2015
Strategic Objective Build a sustainable mid size oil company in politically stable Australia and New Zealand Critical exploration mass achieved Exploration portfolio with 10 permits Demonstrated operator capability Core areas in NZ…
Balanced Exploration Portfolio Permits New Zealand Operator Interest Status Expiry D ate Petroleum Creek Petroleum Creek Limited 100% Exploration 4/9/2017 (PEP 38526) Taramakau Mosman O il and Gas (NZ) Limited 100% Exploration…
Murchison: Tight Gas and Oil There are several examples of gas fields in NZ currently producing from Tight Gas formations including Mangahewa and Kapuni Murchison Tight Gas and Oil P90 P50 MEAN P10 Recoverable Gas (Bcf) 9,543…
STEP: South Taranaki Energy Project Transformational production and cash flow Acquiring established producing oil and gas assets: Mosmans PCL is operator SPA signed and deposit paid Completion expected in a few months subject to…
STEP: Located in Major O&G Producing Province Production facilities with reserves Taranaki is NZs main onshore and offshore producing region Acquiring existing wells, plant, staff oil and gas sales contracts Oil, gas,…
STEP: Located in Major O&G Producing Province Existing wells, plant and facilities Plant capacity over 8,000 boe/d and 20 MMcfd Oil, gas, condensate, LPG, electricity Produced 1.58 million barrels crude oil and 10.9 bcf 9
STEP: Detail of Acquisition Assets Existing wells, plant and facilities Plant capacity over 8,000 boe/d and 20 MMcfd Oil, gas, condensate, LPG, electricity Produced 1.58 million barrels crude oil and 10.9 bcf Reserves and…
STEP: Detail of Acquisition Assets Existing wells, plant and facilities Plant capacity over 8,000 boe/d and 20 MMcfd Oil, gas, condensate, LPG, electricity Produced 1.58 million barrels crude oil and 10.9 bcf Reserves and…
STEP: Established Facilities & Infrastructure Millions spent on the facilities Infrastructure, staff, sales contracts 13 multi-well pads and 39 wells Major plant refurbishment in 2014 Fully operational and compliant - 8,000 bpd…
STEP: Illustrative Growth Potential (not to scale) Stage 1 (first year) Stage 1 (first year) Currently 600+ boe Identified 12 low cost projects Plant debottlenecking Return shut-in wells to production OBJECTIVE Increase…
STEP: Illustrative Growth Potential (not to scale) Stage 1 (first year) Stage 2 (years 2-5) Stage 1 (first year) Stage 2 (years 2 - 5) Currently 600+ boe Develop Manutahi oil field 30 million bbls OOIP Identified 12 low cost…
STEP: Upside Oil Development Opportunity Manutahi Development Currently 1.4 MMBbls 2P r eserves and 3.8 MMBbls 2C resources Produced over 1 MMBbls of 17 deg API oil Initial vertical well achieved 3% r ecovery factor (since 2002)…
Commodity: Brent Crude Oil sold based on Brent Crude price Increased from a low of USD42.5 to approximately USD50 Gas sold at domestic market rates 16
Commodity: Brent Crude Oil sold based on Brent Crude price Increased from a low of USD42.5 to approximately USD50 Gas sold at domestic market rates 17
STEP: Transaction Details Operatorship and Mosman Ownership 100% Acquisition cost 4.2m (NZ10m) Mosmans maximum 70% contribution is NZ7 million (2.9m) First tranche NZ4.9m (2.1m) to be reduced by deposit NZ0.5m (0.2m) Second…
STEP: Funding Evaluating Various Funding Proposals Planning for acquisition cost of NZ10 m and working capital of NZ2.6 m (100%) Mosman has brought in 30% partner while retaining operatorship Discussions with other potential…
STEP: Summary Transformational production and cash flow deal Acquisition fits strategic intent Provides immediate cash flow from production Multiple revenue generating streams, exploration and growth opportunities Signed…
Contact Details: John W Barr - Executive Chairman Andy Carroll - Technical Director Email: jwbarrmosmanoilandgas.com Email: acarrollmosmanoilandgas.com www.mosmanoilandgas.com
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