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March 2016 Investor Presentation – Bankers Petroleum Ltd.

Bankers Petroleum Ltd. · Mar 1, 2016 · 24 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. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 1
    CORPORATE PRESENTATION MARCH 2016 TSX: BNK Corporate Presentation
  2. March 2016 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 262 Million (285 Million fully diluted) Share Price 1.18 (as…
  3. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 3
    INVESTMENT HIGHLIGHTS 202 Million barrels 2P Large Primary Reserves 5.5 Billion barrels OIIP Strong Record of Q1 2016 average production to date Production Growth 17,425 bopd Robust Pricing 26.09/bbl cash margin in 2015…
  4. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 4
    HISTORY OF PATOS-MARINZA Patos-Marinza was first discovered by APOC (Anglo Persian Oil Co.) and developed in stages by 1928 1990 Russians and Albanians. 1990 Fall of Communism in Albania AAP (Anglo Albanian Petroleum, a partnership…
  5. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 5
    ASSET OVERVIEW Albania: Patos-Marinza Oilfield Largest onshore oilfield in Europe 100% W.I. and operatorship 190 Million Barrels 2P Reserves Kuova Oilfield 100% W.I. and operatorship 12 Million Barrels 2P Reserves Drilled first…
  6. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 6
    AVERAGE QUARTERLY PRODUCTION 22,500 20,000 17,500 15,000 Horizontal Wells: 388 12,500 BOPD 10,000 7,500 Vertical Wells: 51 5,000 2,500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3…
  7. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 7
    CORPORATE STRATEGY Maintain balanced spending to cash flow throughout year Conserve Strength Operational flexibility to adjust pace of activity with oil of Balance sheet prices Encouraged by strong production results and…
  8. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 8
    2016 CAPITAL PROGRAM OF 65 M Budget to be balanced throughout year to maintain strong balance sheet 14 million, Current budget assumes annual 21% average Brent Price of 46.25/bbl, modest price recovery throughout 2016 26 million,…
  9. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 9
    CASH MARGIN ANALYSIS 50.00 Financial Instruments Netback S&T OPEX Royalties 45.00 6.50 40.00 6.00 5.50 35.00 5.13 11.47 4.65 11.46 30.00 4.14 11.44 /bbl 3.62 11.94 3.45 25.00 3.10 12.41 3.33 2.59 12.40 3.21 20.00 12.38…
  10. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 10
    Netback and Cash Margin Cash Margin (/bbl) 2014 2015 Q4 2015 50 Brent 98.95 52.39 43.76 45 Sales Price 77.26 40.18 33.31 (% of Brent) (78%) (77%) (76%) 40 Royalties 11.39 5.62 4.31 35 Transportation 2.38 1.77 1.71 30 Energy…
  11. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 11
    COST STRUCTURE IMPROVEMENTS 20.00 In-field Transportation Energy Well Servicing + Downhole Equipment Diluent Excise 18.00 16.00 14.00 12.00 10.00 Q1/13 Q3/15 Savings 8.00 0.59 44% (Since Q2 2014) 6.00 5.41 76%…
  12. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 12
    STRONG BALANCE SHEET LIQUIDITY at December 31, 2015 Working capital of 160 Million; Cash and restricted cash of 69 Million Credit Facilities Facility Utilized Approved Raiffeisen Bank 18 Million 17 Million 1 Million IFC / EBRD 202…
  13. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 13
    RESERVES VALUE & METRICS December 31, 2015 Reserves 126 Mbbls 202 Mbbls Patos-Marinza 123 Mbbls 190 Mbbls Kuova 3 Mbbls 12 Mbbls Reserve Life Index 18 years 29 years Net Present Value 648 1,420 at 10% After Tax (US…
  14. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 14
    RESERVES ALLOCATION Depth: 2000 m Core Area 2015 Oil initially in place (OIIP) 2.0 Bbbls Recovery to date 149 Mbbls Recovered by Bankers 45 Mbbls (30%) Remaining booked 171 Mbbls Primary 150 EOR 21 Total Recovery using Primary…
  15. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 15
    HORIZONTAL WELL PERFORMANCE 120 600 Oil Rate 100 3P recovery Case 500 Producing Well Count 2P Recovery Case Oil Rate (CD, bopd) 80 1P Recovery Case 400 Well Count 60 300 40 200 20 100 0 0 0 10 20 30 40 50 60 70…
  16. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 16
    EOR PROGRAM 53 EOR patterns in operation at end of 2015 meeting or exceeding model expectations to date 21 million barrels 2P Reserves booked in 2015 30 conversions in 2015 half of planned conversions are expansion of existing…
  17. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 17
    POLYMER FLOOD PERFORMANCE BY AREA Central Driza Polymer Patterns South Driza Polymer Patterns 250 15 250 15 * Half patterns removed from data 200 12 200 12 Oil Rate (bopd) Oil Rate (bopd) Pattern Count Pattern Count 150…
  18. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 18
    HUNGARY PSPKLADNY (BLOCK P) Diversification: Addition to our anchor assets in Albania, potential exposure to light oil and gas Foothold in the Pannonian Basin, one of the largest oil & gas basins in continental Europe Utilize…
  19. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 19
    HEALTH, SAFETY, ENVIRONMENT & COMMUNITY RELATION Environmental Clean-up and remediation Meeting International standards Economic Health & Safety Health, Safety, Development Creating safe work environments Environment &…
  20. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 20
    COMMUNITY RELATIONS Bankers Community Relations Program: Bankers Info Center Engages with stakeholders through regular meetings with local authorities, residents, companies and institution Invites people to the Community…
  21. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 21
    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…
  22. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 22
    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…
  23. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 23
    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…
  24. March 2016 Investor Presentation – Bankers Petroleum Ltd. – slide 24
    ANALYST COVERAGE Canaccord Genuity Kimberly Hedlin Haywood Securities Darrell Bishop Aaditya Chintalapati CIBC Dave Popowich Pareto Securities & Thomas Aarrestad Cormark Securities Garett Ursu RBC Capital Markets Al Stanton…

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