Corporate Presentation October 2015 Executing the Strategy, Delivering the Plan Giles Clarke Chairman, John Wardle Chief Executive Officer, Nick Harrison Finance Director www.amerisurresources.com a Latin American Producer and…
Summary Executive Summary Strong positive operating cashflow at lower prices Operating cashflow 8.1m H1 2015 Q1 reorganisation strengthens cash generation and conserves balance sheet and future value Positive operational catalyst…
Amerisur in Summary Asset Overview Strong Land Position Colombia Caribbean Sea Producing field Platanillo located in the Putumayo basin only lightly explored Venezuela FENIX Exploration block Put-12 directly to east of…
Amerisur Infrastructure OBA Strong Progress towards Delivery Q4 Construction works are almost complete at VHR Upgraded pipe with special coating delivered from Tenaris Mexico Only outstanding permit is on the Ecuadorian side, the…
Amerisur Infrastructure OBA Strong Progress towards Delivery Q4 6
Amerisur Infrastructure OBA Strong Progress towards Delivery Q4 7
Colombia Platanillo Drilling Platanillo Summary of Future Upside Lots of running room still to go Area Next Steps Upside Potential Infill and continued extension Light oil, good production U sand Development to the north rates,…
Amerisur in Summary Asset Overview CPO-5 in the right neighbourhood 9
Amerisur in Summary Asset Overview CPO-5 Loto Structure Loto Structure OOIP Analysis AREA (acre) NET PAY(ft) n Sw Boi OOIP (MMBBL) 950 61 0.17 0.31 1.186 44.46 10
Amerisur in Summary Asset Overview Paraguay Transformational potential in Paraguay - Extensive acreage position comprising two E&P and three Prospecting permits Bolivia Active low cost exploration programme Curupayty E&P continues…
Projection 2015 2015 Operating and Financial Plan OPEX Optimisation Temporarily trim production in the short term to remove higher lifting and transport costs Quickly reversible in the event of sales price increase or further cost…
Projection 2015 2015 CAPEX Breakdown MM US OBA Interconnector and Facilities 18 3 CPO-5 Wells or 1 CPO-5 well and 1 Platanillo well 7.5 Put-12 2D Seismic (net) 3 H1 14.5 Total CAPEX 2015 43 13
2016 Sensitivities 2016 CAPEX and EBITDA Sensitivities EBITDA (m) Oil price assumption 45 55 65 Production (BOPD) 6,000 17 31 44 8,000 26 45 61 10,000 35 57 78 CAPEX (Assuming a mid point production of 8,000 bopd and…
Summary Summary Maintaining profitability, preserving Upside, focussed on delivery Significant OPEX Reductions delivered Attractive netbacks even at reduced sales prices Preserving valuable reserves for lower cost production…
Annexes 16
Projection 2015 Analyst Forecast Summary NAME HOUSE Date Rec Target price Core NAV Total NAV Daniel Slater Arden 02.10.15 BUY 39 15 39 Sam Wahab Cantor Fitzgerald 07.09.15 BUY 43 24.3 43 Ashley Kelty Cenkos 28.09.15 BUY 46 23…
Platanillo Evacuation Strategy Moving Oil to Point of Sale How OBA connects to the Ecuadorian System Colombia OBA PLATANILLO ORITO Ecuadorian Oil Gathering System RODA Ecuador Principal Oil Export Pipelines 18
Platanillo crossing the River Putumayo Pipeline to Ecuador Baseline surveyed by Amerisur 19
Platanillo Field Static Modeling from surfaces to 3D grid Grid 2015
Colombia Platanillo Drilling Upside Proven in T Sand Platanillo-20 1,041 BOPD 38.3 API T Sand U sand Horizon T sand Horizon 21
Putumayo Basin: Put-12 Putumayo Basin: Put-12 COLOMBIA Summary PLATANILLO Ecuador Peru Amerisur 60% working interest and Operator Brazil PLATANILLO PUT-12 Geology 55,000Ha 5x bigger than Platanillo Similar geology to…
Putumayo Basin: Put-12 Putumayo Basin: Put-12 COLOMBIA Initial Drilling Focus: Ecuador Peru Lead 1 PLATANILLO Brazil Proximity and similarity to PLATANILLO PUT-12 Platanillo Field P50 106MBO Lead 6 Appears to be continuation…
Initial Platanillo Block Platanillo Block PUT 12 Block Platanillo Field Leads Platanillo 3D North (50.2 Km) Exploitation Area New 2D Seismic PUT 12 (271.5 Km)
Putumayo Basin: Put-12 Put-12 Resources Latest Mapping (InforPetrol Process) OOIP MMbls Prospective Resources MMbls Lead Reservoir P95 Mode P05 Mean P95 Mode P05 Mean Lead 1 U, M2, T 209.5 284.5 423.6 304.7 65.30 95.20 161.60…
Putumayo Basin: Put-30 Putumayo Basin: Put-30 Exploration block in the prolific Putumayo basin 50% WI over38,500 hectares (partner Talisman) Cretaceous potential and recognized Tertiary play concept Significant Heavy Oil Resource…
Putumayo Basin: Put-30 Regional Setting Exploration block in the prolific Putumayo basin 50% WI over38,500 hectares (partner Talisman) Cretaceous potential and recognized Tertiary play concept Significant Heavy Oil Resource…
Putumayo Basin: Put-30 Wells in the Area Source: Talisman 28
Paraguay Overview Paraguay Overview Our work suggests that all necessary conditions are present for a commercial hydrocarbon discovery San Pedro Coronel Oviedo, Lima, Santa Helena and Cary potential reservoirs Bolivia 460km 2D…
Putumayo Basin Putumayo Geology PUTUMAYO BASIN Seals - Villeta and Rumiyaco shales N Sand Reservoirs in Villeta Sands & Carbonates Cretaceous Marine Sediments Source Rocks of Villeta Group Cretaceous Marine…
Llanos Basin CPO-5 Prospectivity Structures are very similar to Parex fields in Ll-34 and discoveries in the Guatiquia block Loto, Kamal and Metica have been drilled and 405km2 New 3D Seismic showed oil columns and production…
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