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October 2015 Investor Presentation – Bankers Petroleum Ltd.

Bankers Petroleum Ltd. · Oct 5, 2015 · 25 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. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 1
    CORPORATE PRESENTATION OCTOBER 2015 TSX: BNK Corporate Presentation
  2. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 2
    COMPANY OVERVIEW Bankers Petroleum Ltd. is an international E&P company with operational focus in Albania. Stock Exchange Symbol: BNK TSX Toronto AIM London Total Shares 261 Million (279 Million fully diluted) Share Price 2.16 (as…
  3. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 3
    ASSET OVERVIEW- ALBANIA Patos-Marinza Oilfield Largest onshore oilfield in Europe 100% W.I. and operatorship 191 Million Barrels 2P Reserves Kuova Oilfield 100% W.I. and operatorship 12 Million Barrels 2P Reserves Drilled first…
  4. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 4
    INVESTMENT HIGHLIGHTS 203 Million barrels 2P Large Primary Reserves 5.4 Billion barrels OIIP Strong Record of Q3 2015 average production Production Growth 19,598 bopd Robust Pricing 30/bbl cash margin in Q2 2015 Q2 2015 cash…
  5. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 5
    HISTORY OF PATOS-MARINZA Patos-Marinza was first discovered by APOC (Anglo Persian Oil Co.) and developed in stages 1928 1990 by Russians and Albanians. 1990 Fall of Communism in Albania AAP (Anglo Albanian Petroleum, a partnership…
  6. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 6
    AVERAGE QUARTERLY PRODUCTION 22,500 20,000 17,500 15,000 Horizontal Wells: 412 12,500 10,000 7,500 5,000 Vertical Wells: 90 2,500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4…
  7. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 7
    CORPORATE STRATEGY 2 drilling rigs, 60 new horizontal wells Execute Drilling Operational flexibility to adjust pace of drilling with oil Program prices Optimize treating process and sourcing to reduce diluent Expand Product…
  8. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 8
    RESERVES VALUE & METRICS December 31, 2014 Reserves 125 Mbbls 203 Mbbls Patos-Marinza 122 Mbbls 191 Mbbls Kuova 3 Mbbls 12 Mbbls Reserve Life Index 17 years 27 years Net Present Value 734 1,802 at 10% After Tax (US…
  9. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 9
    RESERVES ALLOCATION Depth: 2000 m Core Area 2014 Oil initially in place (OIIP) 1.8 Bbbls Recovery to date 141 MMbbls Recovered by Bankers 37 MMbbls (26%) Remaining booked 166 MMbbls Primary 155 EOR 11 Total Recovery using Primary…
  10. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 10
    2015 CAPITAL PROGRAM OF 153 M Primary Development and Margin Expansion 125 Million 2 drilling rigs, 60 horizontal wells to be drilled Gathering and flow line systems 1 water disposal well Large programs for electrification, pump…
  11. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 11
    HORIZONTAL WELL PERFORMANCE Average Horizontal Well Profile 100 500 Oil Rate 3P Recovery Case 80 2P Recovery Case 400 Producing Well Count Oil Rate (CD, bopd) 1P Recovery Case 60 Well Count 300 40 200 20 100 0 0…
  12. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 12
    Netback and Cash Margin Cash Margin (/bbl) 55 2014 Q1 2015 Q2 2015 50 Brent 98.95 53.94 61.88 Sales Price 77.26 39.66 47.99 45 (% of Brent) (78%) (74%) (78%) 40 Royalties 11.39 5.56 6.89 35 Transportation 2.38 1.82 1.74…
  13. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 13
    CASH MARGIN EQUIVALENT 70.00 Hedge AR Netback S&T OPEX Royalties 60.00 7.61 7.07 50.00 6.52 5.98 5.44 4.89 11.68 4.35 11.64 40.00 11.61 11.57 11.53 /bbl 11.49 7.84 11.46 7.64 7.44 30.00 7.04 7.24 6.84 6.63…
  14. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 14
    SURFACE INFRASTRUCTURE OPTIMIZATION Lease Construction Satellite Treating Well Pad Tie ins, Treating, Testing, Sour Production Facility Handling, Control & Automation Gathering System (Pad D/H, Sat 3) Water Disposal…
  15. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 15
    COST STRUCTURE IMPROVEMENTS Cost Savings Initiatives 20 18 16 14 12 Q1/13 Q2/15 Savings 10 - 1.20 N/A 8 4.40 - 62% 6 4 1.20 - 29% 2 2.21 - 66% 0.74 - 30% 0 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3…
  16. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 16
    EOR PROGRAM 34 EOR patterns in operation at end of Q3 2015 meeting or exceeding model expectations to date 11.3 million barrels 2P Reserves booked in 2014 20 30 projected conversions in 2015 half of planned conversions are…
  17. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 17
    POLYMER FLOOD PERFORMANCE BY AREA Central Driza Polymer Patterns South Driza Polymer Patterns 250 15 250 15 200 12 200 12 150 9 150 9 BOPD BOPD 100 6 100 6 50 3 50 3 0 0 0 0 0 12 24 36 48 60 0 12 24 36 48…
  18. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 18
    STRONG BALANCE SHEET LIQUIDITY at June 30, 2015 Working capital of 161 Million; CASH of 40 Million Credit Facilities Facility Utilized Approved Raiffeisen Bank 20 Million 11 Million 9 Million IFC / EBRD 203 Million 103 Million 100…
  19. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 19
    HEALTH, SAFETY, ENVIRONMENT & COMMUNITY RELATION Environmental Clean-up and remediation Meeting International standards Health & Safety Health, Safety, Economic Development Creating safe work environments Environment &…
  20. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 20
    COMMUNITY RELATIONS Bankers Community Relations Program: Bankers Info Center with a new look, July 2013 - Engages with stakeholders through regular meetings with local authorities, residents, companies and institution - Invites…
  21. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 21
    2014 COMMUNITY RELATIONS PROGRAM Total Programs Beneficiaries Investment Vocational Training 170 students from 10 different villages 82,000 650 participants from 11 different English Language Training 251,300 villages…
  22. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 22
    ENVIRONMENTAL Before Bankers came to Albania, 75 years of historical oilfield operations in Patos-Marinza had left the field in poor condition, with oil contamination surrounding many Previous Albpetrol well of the wells. Re-activated…
  23. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 23
    MANAGEMENT TEAM David French Rob Carss President & CEO VP, HSSE Doug Urch Leonidha obo Executive VP Finance VP & General Director & CFO Albania Suneel Gupta Mark Hodgson VP, New Ventures & Executive VP & COO Corporate…
  24. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 24
    BOARD OF DIRECTORS Private investor; over 20 years experience financing companies in the resource sector and is Robert Cross, Chairman on the board of several Canadian energy and mining companies Retired from President and CEO of…
  25. October 2015 Investor Presentation – Bankers Petroleum Ltd. – slide 25
    ANALYST COVERAGE Christopher Canaccord Genuity M Partners David Buma Brown CIBC Dave Popowich Mackie Research Mark Heim Aaditya Chintalapati Cormark Securities Garett Ursu Pareto Securities & Thomas Aarrestad Credit Suisse…

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