Skip to main content November 2014 Investor Presenation Update – Parex Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

November 2014 Investor Presenation Update – Parex Resources, Inc.

Parex Resources, Inc. · Nov 17, 2014 · 119 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. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 1
    Parex Resources Investor Presentation Bogota November 17, 2014 2014 Parex Investor Day: Bogota
  2. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 2
    Agenda 1. Vision, Track Record & Wayne Foo CEO Goals 2. Ken Pinsky CFO 2015 Guidance Overview Mike VP Corporate Planning Kruchten & IR 3. Reserves Summary Eric Furlan VP Engineering 5. Exploration Portfolio Ryan Fowler VP Exploration…
  3. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 3
    Parex Vision 1. Create long-term shareholder value 2. Build a portfolio of assets to allow for consistent growth 3. Develop an organization with bench strength to allow Parex to evolve into the leading LATAM independent E&P 2014…
  4. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 4
    How have we progressed 2010 Find something Kona Field 2011 Grow Production & Cash Q4 11,342 bopd & FFO 63 MM 2012 Diversification acquire LLA-32, LLA-34 and Cabrestero 2013 Demonstrate Sustainability expand RLI 5 years 2014 Building…
  5. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 5
    Our Values We are: 1. Team based, respectful and trustworthy 2. Biased to Action, not delay 3. Driven to prove the commercial viability of our concepts 4. Rewarded for creating share value 5. Managed by data whenever possible 6. Clear…
  6. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 6
    History of Creating Shareholder Value (1) Value Created from PetroAndina to Parex 1,000 900 PetroAndina 800 shareholders have 260 700 realized a 389% return Millions 600 500 234 400 300 154 200 378 166 100 224…
  7. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 7
    Colombia Focused Barranquilla Santa Marta Cartagena /BLOCK Significant land base VIM-1 2.75 mm gross acres Covenas Working interest in 23 blocks Diversified production base Experienced operator 120 wells drilled…
  8. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 8
    History of Creating Shareholder Value (2) Parex Value Created (CAD estimate Nov 2014) 2,000 1,500 Current 751 2190 EV Millions CAD 1,000 1500 85 182 500 288 749 48 148 0 2010 - 2011 brought…
  9. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 9
    Track Record of Consistent Growth Production Growth Debt Adjusted Reserve Growth Debt Adjusted 25,000 Production (bopd) Production per share 200 LHS RHS 100 Possible - LHS 0.80 20,000 160 2P - LHS Reserves (MMboe) 80…
  10. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 10
    Grow & Diversify Production LLA-16 LLA-20 Los Ocarros Cabrestero LLA-32 LLA-34 LLA-30 Other 27 24 21 Bopd (000) by block 18 15 12 9 6 3 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 est. 2010 2011 2012…
  11. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 11
    A strong production platform to grow 60,000 Develop 50,000 Base Target 10% YOY Target at 20% YOY 40,000 2015+ Exploration BOPD 30,000 20,000 Develop Existing Reserves1 10,000 Base Existing Wells2 - This…
  12. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 12
    2015 Guidance: Self Funded 30% Growth 2015 Full Year Average Production 28,500-30,000 bopd Wells Capex (Net million) Gross Net Wells Facilities Seismic Total Development/Appraisal (existing fields) 16 9.4 54 91 - 145 Exploration…
  13. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 13
    Colombia: A Platform for Growth 2013 2014 2015 Guidance Brent Oil Price /bbl 109 101 85 Capex (excluding acquisitions MM USD) 234 290 330 Annual Average Production bopd 15,854 22,350 28,500-30,000 Annual Production per basic share 0.053…
  14. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 14
    Exploration Prospects 2015 Llanos Basin Capachos Magdalena Basin VIM-1 LLA-10 *Lower Magdalena Middle Magdalena LLA-16 3D Seismic LLA-40 2014/15 Kona LLA-17 LLA-57 VMM-9 Los Ocarros Las Maracas Nare LLA-20 Palagua…
  15. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 15
    A look back: 2014 Exploration Block Well Q1' 2014 Q2' 2014 Q3' 2014 Q4' 2014 Cebucan Taringa To drill Arlequin standing LLA-24 Campanilla LLA-26 Rumba Defer to 2015 Defer to 2015 Our original plan was to drill 19 LLA-29 Arton…
  16. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 16
    2015 Exploration and Development Drilling Program Numbers of Wells Total Block WI Exploration Dev/Appr Gross Net Planned Location LLA-10 50% 1 0 1 0.5 Tautaco-1 (Commitment) LLA-17 63% 1 0 1 0.6 Celeus Norte-1 (Commitment) LLA-20 100%…
  17. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 17
    2015 Exploration Schedule Block Well Q1 2015 Q2 2015 Q3 2015 Q4 2015 LLA-10 Tautaco LLA-17 Celeus Norte LLA-20 Zororojo LLA-26 Rumba LLA-26 Arton LLA-30 Roxana LLA-30 Matilde LLA-32 Carcayu LLA-32 Guepardo LLA-32 Xoropo…
  18. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 18
    Operations After the Drilling Success in Online Performance and Operating Costs Eric Furlan, VP Engineering Daniel Ferreiro, VP Operations 2014 Parex Investor Day: Bogota 18
  19. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 19
    Extracting the Most Value out of a Discovery 1. Immediately delineate discoveries to understand the potential size and ultimate development of the discovery. 2. Maximize front end technical work through testing, lab analysis and…
  20. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 20
    Las Maracas Development Efficiency Las Maracas Development Oil Treatment Plant Las Maracas 2 Discovery Plan/Gas Generation Operational November 2011 July 2012 March 2013 Parex farmed in on the opportunity with a rig on location.…
  21. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 21
    Competitor Maniceno Field Development Removal of Main Rental Maniceno Discovery Maniceno Injection Well Facilities July 2012 November 2012 August 2013 Water breakthrough. No Bandola Follow Up Well Removal of Water Disposal…
  22. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 22
    Fluid Handling The Largest Operating Component Las Maracas Maniceno 60,000 25,000 50,000 Oil Production BOPD 20,000 Oil Production BOPD Water Production BWPD Water Production BWPD Water Injection BWPD Water Injection BWPD…
  23. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 23
    Operating Cost Initiatives - Power Power generation can represent 40% of total operating costs. This is typical in water drive reservoirs where a large amount of water has to be pumped. In addition to utilizing produced gas for power…
  24. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 24
    Potential Synergies: Infrastructure Projects Sending gas or power from LLA-32 south to LLA-34 / Akira Shipping oil north towards ODL 2014 Parex Investor Day: Bogota 24
  25. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 25
    Operating Philosophy 1. Early appraisal of initial discovery 2. Commit early to facility projects ensure reserves base produced at lowest cost. 3. Build fit for purpose facilities minimize capex 4. Reduce power costs use produced gas…
  26. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 26
    Reserves and Field Development 2014 Parex Investor Day: Bogota 26
  27. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 27
    Reserves Process GLJ is the auditor of all Parex reserves including the additional reserves added from the acquisition of Verano Energy. Generally Parex presents their own reserves interpretation to GLJ including: Mapping and seismic…
  28. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 28
    Reserves Conversion Track record of progressing reserves from 3P to cash flow Focus on increasing reserve life index (RLI) & sustainability Proved + Probable 2P Reserves Life After Tax PV10(3) Proved + Probable Proved + Possible Index…
  29. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 29
    Reserves Overview Three key fields represent a significant portion of future: Development portfolio Reserves additions 1. Akira 2. Tua 3. Tigana In addition, Parex is evaluating developing the gas and associated liquids in LLA…
  30. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 30
    Akira Guadalupe Depth Map Guad OWC -9157 TVDSS GLJ Lwr Guad 3P LLA 34 Additional Appraisal Cabrestero Upside Akira is a 100% working interest operated property. Recent wells Akira 9, 10, and 11 will have a positive impact on…
  31. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 31
    Akira Well Productivity Current Oil Current Fluid Max Oil Production Max Fluid Production Potential Oil Well Production Production 80% DD 80% DD Production (BOPD) (BFPD) (BOPD) (BFPD) (BOPD) Akira 1 189 260 260 350 71 Akira 2 0 0 300…
  32. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 32
    Tua Guadalupe Depth Map Tua-8 results indicate additional delineation is required to understand the pool limits. The well is on production at +1,500 bopd. Tua-9 is drilling to delineate further the southern half of the Tua…
  33. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 33
    Tua Gross Pool Production Operational Issue Production at Tua has essentially been flat for over a year at current facility limitations. The permanent Tua facility is expected to be commissioned in January, 2015. 2014 Parex…
  34. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 34
    Tigana Type Well Multi reservoir pool with tested or producing oil in the Mirador, Lower Mirador, Basal Mirador and Guadalupe Reservoirs. The most continuous reservoir appears to be the Guadalupe. 100 ft Scale 2014 Parex…
  35. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 35
    Tigana Field Structure Section 29 API 20 API 15 API 13-15 API 15 API 15 API 15 API 15 API 15 API 5 km Producing Zone Tested Zone 2014 Parex Investor Day: Bogota 35
  36. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 36
    Tigana Mirador Depth Structure LLA 32 Tigana 2 (Upper Mirador A) LLA 34 Cum 74 MBO (29 API) Current Prod = 773 bopd Current WC = 4.4% TILO Tigana 1 (Lwr Mirador A) Cum 767 MBO (20 API) Current Prod = 2078 bopd Current WC =…
  37. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 37
    Tigana Guadalupe Depth Map Tigana Norte -1 (Guad) Cum 100 MBO (15 API) LLA 32 Current Prod = 1688 bopd LLA 34 Current WC = 1.95% TILO Tigana Sur-2 (Guad) Tigana 3 (Guad) On Prod Oct 2014 (15 API) Cum 250 MBO (15 API) Current Prod…
  38. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 38
    Tigana Gross Field Production This field is in the testing stage only and is facility constrained with temporary testing facilities. Currently 7 wells on production with production limited by temporary testing facilities.…
  39. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 39
    Tigana Continued Delineation Tigana delineation will continue in 2015 as additional drilling pads are required to Tilo Prospect continue delineation of the Next Steps in pool North and South along Delineation trend. Given the…
  40. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 40
    Une Gas at Kananaskis, Calona and Carmentea Calona GDT -10073 Saddle -10150 Carmentea Kananaskis GDT/Spill -10022 N GDT highlighted by dashed pink Presentation 2014 40
  41. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 41
    LLA 32 Gas - Summary Testing is currently underway to understand the size and quality of the gas in LLA 32. The previous operator on the block was unable to complete testing on the discoveries due to operational issues. No reserves are…
  42. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 42
    Summary Existing Fields Three key fields provide opportunity to grow reserves and production. Development opportunities on existing fields provide several years of development while the exploration portfolio provides the feed for the…
  43. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 43
    Drilling Operations Ron MacDonald VP Drilling & Completions 2014 Parex Investor Day: Bogota 43
  44. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 44
    Parex Drilling Group Development Key drivers of operations success: Equipment 1. Moved from local rigs to 3 rigs imported (2011) People Parex Drilling Modify equipment to improve efficiencies Operations 2. Rigorous Planning, Risk…
  45. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 45
    Time Performance: LLA-16 (2011-2012) 0 1,000 Kona-1 Kona-2a 2,000 Goroka-1 Supermo-1 3,000 Kona-3 Kopi-1 4,000 Kona-4 Kona-6 5,000 Kona-Norte 1 Kona-5 6,000 Kona-8 MD (ft) Sulawesi-1 Kona-10 7,000 Avg 28 days to…
  46. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 46
    Time Performance: LLA-16 (2012-2013) 0 1,000 2,000 SULAWESI-4 KONA-15 3,000 JAVA-1 JAVA-2 4,000 MALAWI-1 KONA-SUR-1 5,000 6,000 KONA-16 MARAGOGI-NORTE-1 MD (ft) 7,000 CATURRA-1 8,000 9,000 Avg 12 days to get Well…
  47. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 47
    MILLIONS USD 10,000,000 12,000,000 14,000,000 4,000,000 2,000,000 6,000,000 8,000,000 0 Kona-1 Kona-2A Supremo-1 Goroka-1 Kona-3 Kopi-1 Kona-4 Kona-6 Kona-Norte-1 Kona-5 Kona 3ST Kona-8 Sulawesi-1…
  48. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 48
    Time Performance: Block Los Ocarros 0 1,000 2,000 MARACAS-3 MARACAS-4 3,000 MARACAS-5 4,000 MARACAS-6 MARACAS-7 5,000 MARACAS-13 MARACAS-8 6,000 MARACAS-9 MD (ft) 7,000 Avg 16 days to rig release MARACAS-11…
  49. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 49
    Cost Performance: Block Los Ocarros 14,000,000 1,000 950 900 12,000,000 Actual cost (DDR) 850 800 Cost per ft 750 10,000,000 700 650 USD 600 8,000,000 550 500 450 6,000,000 400 350 300 4,000,000 250 200…
  50. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 50
    Time Performance: Block Cabestrero 0 1,000 KITARO-1 2,000 KITARO-2 3,000 AKIRA-1 AKIRA-2 4,000 AKIRA-3 AKIRA-4 5,000 AKIRA-6 AKIRA-5 6,000 AKIRA-7 MD (ft) AKIRA-8 7,000 AKIRA-9 8,000 AKIRA-9st AKIRA-10 9,000…
  51. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 51
    Cost Performance: Block Cabestrero 14,000,000 1,000 950 900 12,000,000 850 Actual cost (DDR) 800 Cost per ft 750 10,000,000 700 650 600 8,000,000 550 500 USD 450 6,000,000 400 350 300 4,000,000 250…
  52. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 52
    Can you continue to apply your drilling model deeper areas in the Casanare and new (Magdalena) basins in Colombia We were a new entrant to Colombia and cost effectively developed 3 large fields plus exploration programs We have…
  53. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 53
    Exploration Program Ryan Fowler, VP Exploration 2014 Parex Investor Day: Bogota 53
  54. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 54
    What makes Parex different Technical Fundamentals First principles technical geologists and engineers are experienced and trained to ask questions and asked and challenge paradigms Subsurface technical team had no prior experience in…
  55. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 55
    Parex Exploration History - Casanare Experts 49 Independent Prospects Parex drilled on 14 blocks over 5 Discoveries years What is a discovery Capachos Something that gets put on production 30 Discoveries LLA-10 19 Dry LLA-40 61%…
  56. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 56
    Parex Exploration Life Cycle Develop Acquire Test Initial Expand Exploitation Concept Land Concept Development Land Traditional 3-Ways LLA-26, Cebucan Low Side Cabrestero, LLA-32, LLA-34, Closures Stratigraphic LLA-24,…
  57. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 57
    Llanos Basin Exploration Progression Parex Casanare Structural Exploration 2009 - 2013 Traps Combination Traps New Stratigraphic Traps Concepts 2014 - Resource Plays 2014 Parex Investor Day: Bogota 57
  58. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 58
    Progressively Larger Discoveries Structural Traps Median Llanos Kona Las Maracas Tua 100 acres 300 acres 300 acres 1000 acres 1. Size 2. Drive Bottom water drive Edge water drive Edge water drive Oil Water Sandstone…
  59. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 59
    Progressively Larger Discoveries Combination Traps Akira Tigana 1000 1500 acres 2000+ acres 1. Size Current trap geometry Trap type at 2. Drive Tigana is still under appraisal Structural Closure Current trap geometry…
  60. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 60
    Llanos Basin Conventional Prospect Summary Working 2015 Block Prospects Interest Drills LLA 34 55 6 3 Capachos 50 4 2 LLA 32 70 10 3 LLA 26 100 5 2 LLA 10 50 5 1 Cerrero 65 5 0 LLA 30 100 5 2 Cebucan 100 2 1 Other 22 2 Total…
  61. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 61
    New Basins Conventional Prospect Summary Working 2015 Block Prospects Interest Drills VMM 9 100 12 0 VIM 1 100 2 0 VMM 11 100 4 1 (*) Morpho 100 1 0 Total 19 1 (*) Up to 4 contingent follow ups at Glauca 2014 Parex…
  62. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 62
    Non-Conventional Potential Gross Working Block Prospective Interest Area (acres) Cerrero 65 100,000 Cebucan 100 100,000 El Eden 60 90,000 LLA 26 100 85,000 El Porton 50 110,000 Llanos Sub-Total 485,000 Working Prospective…
  63. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 63
    2015 Exploration Program 2014 Parex Investor Day: Bogota 63
  64. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 64
    2015 Llanos Exploration Program Block Prospect WI Parex LLA-10 Tautaco 50% Exploration LLA-17 Celeus Norte 63% LLA-20 Zoro Rojo 100% Locations Capachos LLA-26 Rumba 100% 2 LLA-26 Arton 100% LLA-30 Matilde 100% LLA-30 Roxana 100%…
  65. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 65
    Southern Casanare LLA 34 & LLA 32 Santiago Continue to drill Maniceo -Bandola structural closures while Balay LLA-32 assessing combination El Palmar and stratigraphic trap Carmentea potential Los Trompillos Calona Kananaskis…
  66. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 66
    LLA34 Fields & Prospects Play Types: Synthetic Structures Guadalupe & Mirador Stratigraphic & Combo Traps Chenchena Chiricoca MaxNorte Tilo 2014 Drill TIGANA TAROTARO Chenchena Sur TUA Aruco Norte ARUCO Jacana Mochuleo…
  67. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 67
    Evaluating The Tigana Fault Trend LLA 32 Only about 5 km of LLA 34 the 15 km Tigana Fault Trend has TILO been drilled The Tilo and Jacana exploration TAROTARO locations are drilled on small structural closures bracketing the…
  68. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 68
    LLA32 Fields & Prospects Play Types: 1) Antithetic & Synthetic Structures 2) Guadalupe & Mirador Strat & Combo Traps MANICENO 3) Paleozoic involved 4WC EL PALMAR SAMARIA CARMENTEA LOS TROMPILLOS 2015 Drills Carcayu…
  69. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 69
    Kananaskis & Calona Fields Kananaskis-1 Mirador Structure Mirador: IP = 5000 bopd 30 API CTD = 800 MB (water free) Valley fill trap with down dip water better Une: fit to well performance High liquids gas than simple…
  70. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 70
    LLA32 Synthetic Prospect Guepardo/Carcayu Guepardo Mirador Depth Structure Synthetic structure with similarity to both Tigana and Akira CARMENTEA Carcay CALONA Guepardo KANANASKIS LLA 32 LLA 34 2014 Parex…
  71. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 71
    Capachos Block: Ecopetrol Farm In The Capachos Block is in the Arauca Department in the northern part of the Llanos Basin Capachos sits at a major corner in the Andean mountainfront a focus point for oil migration Capachos is…
  72. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 72
    Capachos and Cano Limon Cano Limon Capachos shares a major strike-slip fault and migration pathway with the Cano Limon Field ( 1 Billion Bbls Rec) Capachos Block 72
  73. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 73
    Capachos Field & Prospects Play Types: 1) Thrusted & Transpressional Structures 1) Guadalupe 2) Une 3) Mirador 2) Guadalupe Combo Traps Critical Success Factors Drilling Cost Community Relations Prospects 3D Seismic…
  74. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 74
    The Future: New Play Concepts 2014 Parex Investor Day: Bogota 74
  75. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 75
    Llanos Plains Structural Pool Sizes (IHS) Pmean = 3.9 MMBO P50 = 2.0 MMBO Good fit to a logarithmic distribution Mature distribution 40% of discoveries made since 2010 Conforms to Parex Llanos initial assumption Parex discoveries…
  76. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 76
    Stratigraphic Plays Emerging (Modified IHS) Pmean = 30.3 MMBO P50 = 3.9 MMBO Poor fit to a logarithmic distribution Immature distribution (major gaps) 65% of discoveries made since 2010 Parex discoveries include Tigana, Akira,…
  77. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 77
    Llanos Stratigraphic Pools Excluding Rubiales (too big to fit on this chart) Significant gap in the 20 90 MMBO Range 2008 * Largest Pools all discovered post 2010 * Drilled on structural anomalies but now acknowledged to…
  78. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 78
    Llanos Basin Conventional 2014 Parex Investor Day: Bogota 78
  79. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 79
    LLA 10: Looking for Cano Limonito Most of the oil in the Northern Llanos Basin CAO LIMON (1.1 BBO) is trapped along NE- SW oriented strike-slip faults PXT-A1 CARICARE Tautaco (31 MMBO) A couple of significant strike-slip fault…
  80. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 80
    Stratigraphic Channel Play: LLA-30 ADALIA Play Types: 38 API 1) C5 Valley Fills High Probability 2) C3 Valley Fills for Light Oil 3) Antithetic Structures Marlena Discoveries REMACHE SUR 36 API Matilde Roxanne Matilde VIREO 35…
  81. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 81
    Future Parex Exploration Projects High Probability VIM 1 Conventional 1. Moving beyond High Impact Conventional Casanare Non-Conventional Province 2. Moving beyond the Llanos Basin VMM 9 Capachos 3. Moving beyond VMM 11…
  82. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 82
    Magdalena Basin 2014 Parex Investor Day: Bogota 82
  83. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 83
    Mid Mag Basin - Play Type Distribution Conventional Cretaceous Pools Pmean = 3.4 MMBO P50 = 0.8 MMBO Tertiary Structural Why The Mid Mag Basin Stratigraphic Pools Pmean = 34.5 MMBO Larger pool size distributions P50 = 4.1 MMBO…
  84. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 84
    Mid Mag Exploration Strategy 3. Eocene Subcrop Edge Multiple play types, in close 4. La Luna OPON Resource Play proximity, on the same 3D 1. Teriatry seismic volumes Structure Fairway (CHOPS) Play Types TECA-NARE 1.…
  85. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 85
    VMM Fault Trends Over 60% of the Mid Mag Basins Reserves have been found associated with converging strike slip fault trends at Casabe La Cira and Teca/Nare - Velasquez A similar strike slip fault trend Casabe-La Cira…
  86. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 86
    VMM 11 Leads & Prospects Teca-Nare Field Cum Production: 115 MMboe 2P Resources: 368 Mmboe Steam Injection EOR Caipal Field Producing Field Cum Production: 5 MMboe 2P Resources: 8 MMboe Lead 1 Prospect/Lead Lead 2 Current…
  87. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 87
    VMM 9 Leads Producing Field Prospect/Lead Proposed 3D 350km2 Proposed 3D Parex Block Lead 1 Faults La Luna Resource Play Area Lead 2 Lead 3 Lead 7 Conventional Play Types: 1) Transtensional Structures & Lead 6 Lead…
  88. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 88
    Veracruz Fault Section Possible Eocene subcrop edge Proposed 3D 350km2 Lead 1 La Luna Resource Play Area Lead 2 Lea d3 Lead 7 Lead 4 Lead 6 Lead 5 Lead 11 Lead 10 Lead 9 Lead 8 Lead…
  89. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 89
    Middle Magdelena Basin: Morpho Area Sub-Thrust Light Oil A A A A A Sandstones of the Eocene and Oligocene get truncated by an out-of- sequence fault carrying Cretaceous Morpho Block 54,000 acres Cretaceous Cordoba…
  90. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 90
    Mid Mag/Upper Mag Basins Sub Thrust Pools Known Sub-Thrust Pools Pmean = 46 MMBO * Includes Opon as a 36 MMBOE field (extremely conservative) Sub-Thrust pools exist all along the eastern edge of the Middle and Upper Mag…
  91. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 91
    Morpho Eocene Potential Zeus-1 Oligocene Colorado & Mugrosa Oligocene Colorado 2600 Interbedded SS & Shale Net SS = 500, Tested Oil Zeus-1 Eocene Esmeraldas Eocene Esmeraldas or La Paz & La Paz 3200 Clean, Blocky SS Net…
  92. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 92
    VIM - Regional Framework The Miocene Porquero Fm is the acknowledged source rock for the Lower Mag Basin (Gas Prone) VIM 1 is located on the NW margin of the Plato Sub-Basin VIM 1 El Dificil The Plato Sub-Basin has all of the VIM…
  93. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 93
    Lower Magdalena Basin Play Types El Dificil Field (2P Oil = 11.5 MMBO) Cicuco Field (2P Oil = 48 MMBO) Structural basement high Structural basement high Oligocene Clastic and/or Caliza on Oligocene Caliza on Basement Basement…
  94. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 94
    VIM 1 Prospects & Leads Boquete Style A: 675 acres Boquete Style B: 1000 acres Apure Porquero (combo Struct/Strat): 6000 acres Apure CDO (El Dificil Style): 53000 acres Boquete Style C: 650 acres Conventional Play Types: 1)…
  95. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 95
    Apure Area Ananlogies Cicuco / Boquete Boquete Style Boquete Style Leads Apure Leads Apure Cicuco 48 MMBO Cicuco Boquete 48 MMBO 20 MMBO Boquete 20 MMBO 95 2014 Parex Investor Day: Bogota
  96. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 96
    Non-Conventional Exploration 2014 Parex Investor Day: Bogota 96
  97. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 97
    Lower Gacheta Resource Play (EIA) 2014 Parex Investor Day: Bogota 97
  98. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 98
    Basal Gacheta Exploration Wells La Casona-2 On structure Core with oil saturation (1st core in basin) Flowed oil & gas Arlequin-1 Off structure Proposed Core with oil Park saturation Recovered oil Katmandu Norte-1 Off…
  99. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 99
    Lower Gacheta Project Progression Bookable Identify Resource and Source Rock Reserves Proof of Evaluate Concept Geochemical Horizontal Data and Trap Multi-Stage Production Test Estimate EURs 2014 Parex Investor…
  100. November 2014 Investor Presenation Update – Parex Resources, Inc. – slide 100
    La Luna Resource Play (EIA) Approximate location of VMM 9 No direct geochemical data 2014 Parex Investor Day: Bogota 100

Showing the first 100 of 119 slides. Open the presentation viewer for the full deck.

From the store

Browse maps, data & reports in the Shale Experts store