KrisEnergy Ltd. Corporate Presentation September 2016
I. Business Overview
KrisEnergy A Fast Growth E&P Company Our Business Our Team Our Portfolio Our Operations Our Financials Established in Highly experienced Diverse portfolio 5 producing assets 1H2016 revenue 2009, our vision is (20+ years) across the…
Our Portfolio Rigorously selected assets based on in-depth knowledge of geology and complexities of regional basins A. Gulf of Thailand B8/32 & B9A 4.6345% B G6/48 30% (Op) G10/48 89% (Op) G G11/48 22.5% 52.25%1 Cambodia Block…
Portfolio Building Across the E&P Life Cycle Oil Gas Oil & Gas PROSPECTIVE RESOURCES RESERVES DEVELOPED DEVELOPMENT UNCLARIFIED DEVELOPMENT PENDING (PROSPECTS & LEADS) & UNDEVELOPED LEAST MATURE ASSETS MOST MATURE ASSETS East…
Balanced Portfolio of Assets Portfolio includes assets under various fiscal, regulatory and legal regimes and in at each stage of the E&P life cycle to provide balance between cash-flow generating producing assets and growth through…
Financial Summary Focus on IRR & NPV 1H2016 Revenue Breakdown z 2012 2013 2014 2015 1H2016 Production Volumes (boepd) 3,384 2,916 7,612 9,692 17,812 Gas US10.2 mm Oil and liquids (bopd) 1,679 1,366 1,396 3,492 11,684 16% Gas…
Financial Position Balance Sheet Optimisation Liquidity (US mm) Unaudited as at 30 June 2016 Debt facilities as at 30 June 2016 Cash and bank balances 38.5 S200.0 mm 5.75% unsecured 4-year fixed rate note Issued at par on 22 August 2014…
Capital Expenditure (US million) CAPEX by Country FY 2016 Forecast 1H 2016 Actuals FY 2016 Forecast (Net to KrisEnergy) (as at Feb 16) (as at Aug 16) CAPEX for non-producing assets 24.8 14.6 53.6 Bangladesh 0.4 0.4 0.6 Cambodia…
II. Operations
Environment, Health, Safety & Security (EHSS) A strong EHSS culture is essential to long-term shareholder value given inherent risks of E&P operations Fully established Environmental, Health and Safety Management Man Hours…
Bangladesh: Production with Exploration Growth Potential Tertiary basin geology similar to existing portfolio in Southeast Asia Acquisition of 30% working interest and operatorship of the Block 9 PSC completed in December 2013…
Gulf of Thailand: Production, Development & Exploration Success Gulf of Thailand is a core area for growth: Five licences in Thai waters, one in Cambodia KrisEnergy operator of G10/48, G6/48 and Cambodia Block A developments Low…
New Production: Nong Yao & Wassana, Thailand G10/48 and G11/48 are shallow water blocks with equivalent development concepts as producing fields to the north G10/48: First oil from Wassana achieved 14 August 2015 from three initial…
Gulf of Thailand Development: G6/48 & Cambodia Block A G6/48 Contains 2009 Rossukon oil discovery; two successful Rossukon exploration wells and two sidetracks in 2015, each with net oil and/or gas pay between 106 feet true vertical…
Development: Indonesia Gas Development Bulu PSC Lengo gas field plan of development approved December 2014; FEED study completed; prequalification completed for EPCI tender Negotiations for gas sales contract underway Lengo…
Exploration: Indonesia High-impact Potential Rapidly increasing gas demand in a high price gas market: Oil Gas Sakti: Mustika-1 exploration well in 2015 encountered East Seruway: 948 km 2D seismic completed in moderately high CO2…
Exploration: High-impact Exploration in Vietnam Core exploration area offshore Vietnam Multiple drillable prospects in each block Took over operatorship of Block 105 in March 2015; awarded 100% working interest and operatorship of…
Diversity in Operating Partners With a large portion of the regions assets held by IOCs and NOCs, KrisEnergy provides a unique opportunity for investors to gain direct exposure to Southeast Asia E&P Our partners include large scale IOCs…
Appendix
Fast-paced Organic & Inorganic Growth Since incorporation in 2009, KrisEnergy has demonstrated a successful track record in building a diversified portfolio of 19 contract areas and fundraising for organic growth and acquisitions 2009…
Fast-paced Organic & Inorganic Growth 2013 2014 2015 2016 Corporate & Financial Acquired production: Block 9 Awarded Sakti PSC, SS-11 and Block 115/09 Took over operatorship of Block 105 Extended 2014 RCF to March 2017 Acquired G6/48…
Experienced Team with Track Record of Success The majority of our management and senior technical team have worked together for over 15 years and have established a reputation for value creation, notably through our track record in Pearl…
Active Involvement Across Portfolio Life Cycle Our portfolio contains assets at all stages of the exploration and production life cycle and therefore we are actively involved in all key stages along the value chain Pre-Exploration…
Balanced Portfolio of Assets Producing/ Working Area Onshore/ Development Development Contract area Operator Exploration Near Interest (%) (sq. km) Offshore Unclarified Pending Producing Bangladesh Block 9 30 1,770 KrisEnergy on…
Production Bangladesh Block 9 Status: Production and exploration Area: 1,770 sq. km Location: Onshore Bangladesh over Surma Basin Gross cumulative gas production from May 2006 until 31 December 2015 was 334 bcf1 Working interest 2P…
Production Thailand B8/32 & B9A Status: Production, development and exploration Area: 2,072 sq. km Location: Gulf of Thailand over north Pattani Basin Water depths: 42 to 113 metres Gross cumulative production up to 31 December 2015…
Production Thailand G11/48 Status: Production, appraisal and exploration Area: 1,079 sq. km Location: Gulf of Thailand over southern margin of Pattani Basin and northwest margin of Malay Basin Water depths: Up to 75 metres Working…
Production Thailand G10/48 Status: Production, appraisal and exploration Area: 1,783 sq. km Location: Gulf of Thailand over southern margin of Pattani Basin Water depths: Up to 60 metres Working interest 2P reserves: 16.7 mmboe1…
Near-Term Production Thailand G6/48 Status: Near-term production and exploration Area: 284 sq. km Location: Gulf of Thailand over Karawake Basin on western margin of Pattani Basin Water depths: 60 to 70 metres Working interest 2P…
Near-Term Production Indonesia Bulu PSC Status: Near-term production Area: 697 sq. km Location: East Java Sea Water Depths: 50 to 60 metres Working interest 2P reserves: 25.4 mmboe1 Oil Gas Partners: KrisEnergy 42.5% (Operator)…
Development Indonesia Block A Aceh PSC Status: Development pending, appraisal and exploration Area: 1,680 sq. km Location: North Sumatra Basin Working interest 2P reserves: 28.7 mmboe1 Working interest 2C resources DU: 74.3 mmboe1…
Development Cambodia Cambodia Block A Status: Development pending and exploration Area: 4,709 sq. km Location: Khmer Basin, Gulf of Thailand Water depths: 50 to 80 metres Working interest 2C resources DP: 4.5 mmboe1 Working interest…
Appraisal Indonesia East Muriah PSC Status: Development pending/appraisal Area: 995 sq. km Location: East Java Sea Water Depths: 50 to 65 metres Working interest 2C resources DP: 1.6 mmboe1 Partners: KrisEnergy 50% (Operator) AWE…
Appraisal/Development Indonesia Kutai PSC Status: Development pending and appraisal Area: 944 sq. km Location: Mahakam River delta, Makassar Strait Water Depths: 50 to 90 metres Working interest 2C resources DP: 6.9 mmboe1…
Appraisal Indonesia Bala-Balakang PSC Status: Development unclarified and exploration Area: 3,143 sq. km Location: Southern edge of Kutai Basin, Makassar Strait Water Depths: 20 metres to over 1,000 metres Working interest 2C…
Exploration Indonesia Sakti PSC Status: Exploration Area: 4,974 sq. km Location: East Java Sea Water Depths: 50 to 60 metres Partners KrisEnergy 95% (Operator) PT. Golden Heaven Jaya Ltd. 5% Geology Source: Oligocene-Miocene…
Exploration Indonesia East Seruway PSC Status: Exploration Area: 1,172 sq. km Location: North Sumatra Basin, Malacca Strait Water Depths: 25 to 60 metres Partners: KrisEnergy 100% (Operator) Geology: Source: Oligo-Miocene,…
Exploration Indonesia Udan Emas PSC Status: Exploration Area: 4,044 sq. km Location: Onshore West Papua over Bintuni Basin Partners: KrisEnergy 100% (Operator) Geology: Source: Permian-Jurassic carbonaceous shales and coals…
Exploration Vietnam Block 105 Status: Exploration Area: 7,192 sq. km Location: Central Song Hong Basin Water depths: 20 to 80 metres Partners: KrisEnergy 51% (Operator) PetroVietnam 49% Geology: Source: Oligocene to Middle…
Exploration Vietnam Block 115/09 Status: Exploration Area: 7,382 sq. km Location: Southern Song Hong Basin Water depths: 60 to 200 metres Partners: KrisEnergy 100% (Operator) Geology: Source: Oligo-Miocene lacustrine shales and…
Exploration Vietnam Block 120 Status: Exploration Area: 6,869 sq. km Location: Overlying Quang Ngai Graben in north and central areas, passing into Phu Khanh Basin in the south Water depths: 50 to 650 metres Partners: KrisEnergy…
Exploration Bangladesh SS-11 Status: Exploration Area: 4,475 sq. km Location: Bay of Bengal over Bengal Fan Water depths: 200 to 1,500 metres Partners: KrisEnergy 45% Santos 45% (Operator) BAPEX 10% Geology: Source: Tertiary…
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