Skip to main content August 2016 Corporate Presentation – Bankers Petroleum Ltd. | Shale Experts
Loading...
Pm

August 2016 Corporate Presentation – Bankers Petroleum Ltd.

Bankers Petroleum Ltd. · Aug 29, 2016 · 23 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. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 1
    CORPORATE PRESENTATION AUGUST 2016 TSX: BNK Corporate Presentation
  2. August 2016 Corporate 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 1.96 (as…
  3. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 3
    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…
  4. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 4
    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…
  5. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 5
    AVERAGE QUARTERLY PRODUCTION 22,500 20,000 17,500 15,000 Horizontal Wells: 355 12,500 BOPD 10,000 7,500 5,000 Vertical Wells: 51 2,500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3…
  6. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 6
    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…
  7. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 7
    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,…
  8. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 8
    CASH MARGIN ANALYSIS 45.00 Hedge (/bbl) Netback (/bbl) S&T OPEX Royalties Cash Margin = Netback + Hedge 6.19 40.00 5.68 35.00 5.16 12.32 30.00 4.64 4.13 12.31 2.58 3.61 25.00 3.10 12.30 3.27 12.28 20.00 12.27 3.16 12.23…
  9. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 9
    Netback and Cash Margin Cash Margin (/bbl) 2015 Q1 2016 Q2 2016 50 Brent 52.39 33.94 45.59 Sales Price 40.18 21.04 29.98 45 (% of Brent) (77%) (62%) (66%) 40 Royalties 5.62 2.69 4.35 Transportation 1.77 1.59 1.99 35 Energy 1.41…
  10. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 10
    COST STRUCTURE IMPROVEMENTS 20.00 In-field Transportation Energy Well Servicing + Downhole Equipment Diluent Excise 18.00 16.00 14.00 12.00 Q1/13 Q2/16 10.00 Savings 0.70 10% 8.00 (Since Q2 2014) 6.00 5.44 72%…
  11. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 11
    STRONG BALANCE SHEET LIQUIDITY at June 30, 2016 Working capital of 84 Million; Cash and restricted cash of 26 Million Credit Facilities Facility Utilized Approved* Raiffeisen Bank 12 Million 10 Million 12 Million IFC / EBRD 198…
  12. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 12
    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…
  13. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 13
    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…
  14. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 14
    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…
  15. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 15
    EOR PROGRAM 62 EOR patterns in operation to date in Q3 2016 meeting or exceeding model expectations to date 21 million barrels 2P Reserves booked in 2015 Polymer Flood 58 injection wells in six different zones to date in Q3 2016 8…
  16. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 16
    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…
  17. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 17
    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…
  18. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 18
    HEALTH, SAFETY, ENVIRONMENT & COMMUNITY RELATION Environmental Clean-up and remediation Meeting International standards Economic Health & Safety Health, Safety, Development Creating safe work environments Environment &…
  19. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 19
    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…
  20. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 20
    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…
  21. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 21
    MANAGEMENT TEAM Rob Carss David French VP, HSSE & Deputy President & CEO General Director Albania Doug Urch Leonidha obo Executive VP Finance & VP, Frontier Operations CFO Suneel Gupta Mark Hodgson Executive VP, COO & VP,…
  22. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 22
    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…
  23. August 2016 Corporate Presentation – Bankers Petroleum Ltd. – slide 23
    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…

From the store

Browse maps, data & reports in the Shale Experts store