Corporate Presentation Enercom Oil & Gas Conference August 20-22, 2018
Alvopetros Vision & Strategy Alvopetro Energy Ltd.'s vision is to become a leading independent upstream and midstream operator in Brazil. Our strategy is to unlock the on-shore natural gas potential in the state of Bahia in Brazil,…
Brazil Opportunity Population 207 million Worlds 8th largest economy GDP US15,500 per capita Worlds 10th oil producer, 1 in Latam Production 2.5 million bopd & 3.8 bcfpd Proven reserves 12.8 billion bbls & 13 TCF Policy reforms…
The Alvopetro Opportunity Base 2P Net Asset Value of C2.22/share(1) Upstream: Natural Gas Focus: 2P reserves 6.4 mmboe (38.7 Bcfe) Cabur natural gas field unitization complete Deep basin Gomo gas project 2 existing wells, with much…
Corporate Overview Common shares (000s)(1) 85,167 Market cap (Cdn000s) (1) 37,900 Insider ownership %(1) 7.56% Cash (US000s) (2) 5,839 Inventory (US000s) (2) 2,355 Debt and long-term liabilities (US000s) (1) 608 Production Q2 2018…
Cabur Natural Gas Project Upstream + Midstream Upstream core asset is a joint development of a conventional natural gas discovery (ALV 49.1%) Unitized development area (light blue ) 4 existing wells & phase 1 facilities completed…
Alvopetro/Bahiagas Price Forecast Aug 2018 6.82/mmbtu (1) Based on 06/30/2018, GLJ escalated price forecasts (2) FX based on Q2 average 3.61BRL/USD 8 (3) Floor and caps escalated based on 2% US CPI inflation (5-year historical…
Core Assets Cabur Natural Gas Unit (ALV 49.1%) 4 Existing Wells IME-10 IME-3 ALV-197(2) ALV-198(A1) ALV share of 2P reserves Pojuca 27.7 Bcfe (4.6 mmboe) Marfim ALV NPV10BT US108.2 million Maracangalha Leste Maracangalha…
Gomo Deep Basin Natural Gas Project A A Jan2 197-1 183-1 Tested natural gas on an unstimulated basis from Tested Gas Tested Gas Sequence 5 in 197-1 and 183-1 wells 3275m Tested Gas 2P reserves 6.8 Bcf assigned to drainage…
Conventional Exploration Inventory Highly under-explored prospective land base (65,714 gross acres, 55,701 net acres) 14 conventional exploration prospects identified, all supported by reprocessed seismic Two conventional…
Key to Unlocking New Opportunities Key to success is reprocessing 2001 Brazil Reprocessing ALV 2017 Reprocessing available data 1,400 km2 of reprocessed 3D seismic Reprocessed 2D lines show similar improvement High quality…
Block 57-A1 Pre-Rift Oil Exploration Prospect Pre Rift Depth Converted Structure 3-way Closure Against Fault P90 P50 P10 1500 metres (ALV 65%) Pre-Rift multi-zone prospect (AG/Sergi/Boipeba) P90 one fault seal dependency,…
Block 182(C1) Multi-Zone Natural Gas Prospect NW SE Pitanga 3FBL 0007 BA well projected 9km (closest well to penetrate below Sergi) Sergi Basement Sergi Basement 2900 meters TVD (100% WI) 780-acre…
Building a Strong Upstream/Midstream Business An upstream/midstream hybrid opportunity Building a sustainable base of distributable cash flow Finalized Unitization and Gas Sales Agreements Strategic infrastructure Provides…
Upstream/Midstream Distributable Cash Model Cash flow available for additional upstream investments Significant cash generating capacity just from development of 2P reserves Funds returns to stakeholders (50%) and high impact…
Milestones Cabur unitization completed April 20, 2018 ALV gas plant and pipeline construction permits filed April 30, 2018 Bahiagas gas sales agreement signed May 7, 2018 Independent reserve evaluation completed June 6, 2018 Project…
The Alvopetro Opportunity Precedent setting natural gas sales agreement Highly strategic natural gas infrastructure assets Upstream/midstream hybrid model Basin-wide growth potential Attractive valuation Base 2P Net Asset Value of…
Contact us: Calgary, Canada: Alvopetro Energy Ltd. Suite 1700, 525 8th Avenue SW Calgary, Alberta, Canada T2P 1G1 Tel: (587) 794-4224 Email: infoalvopetro.com Salvador, Brazil: Alvopetro S/A Extrao de Petrleo e Gs Natural Rua…
Gas Sales Agreement - Bahiagas Alvopetro constructing 11-km transfer pipeline and gas processing plant (UPGN) Bahiagas to construct a 15-km distribution pipeline and a new Citygate with design capacity of 35 mmcf/d (1,000 e3m3/d)…
Midstream Infrastructure (ALV 100%) US millions Alvopetro 11-km transfer pipeline 3.5 Alvopetro gas processing facility (UPGN) 0 - 101 Total 2018/2019 midstream capital 3.5 - 13.5 UPGN/City-gate location secured, required…
Cabur Unit Development Plan (ALV 49.1%) Early production plateau up to 5.3 mmcf/d (150 e3m3/d) from 2 of 4 existing wells through low pressure production facilities to initially supply partners Thermal Power Project when dispatched…
Operational Performance - Continuous Improvement In-house functionality Drilling Costs (Per Meter) 3 Hands-on approach Reduced drilling costs per meter 61% 2 M US Optimized drilling location civil 1 construction costs 0…
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