Upstream investment opportunities in Mexico Oscar Roldn
Messages 1. Mexico is the most prolific offshore region in America and most prolific onshore region in Latin America. One of the worlds largest unexplored resources of oil and gas. 2. Mexicos geographical location and infrastructure…
Offshore potential Offshore exploration wells and Accumulated production 1976-2016* From 1976 to 2016, Mexico drilled 397 offshore MMBOE exploration wells in the Gulf of Mexico (GOM), while Brazil drilled 1,158 and the United States…
Onshore potential Onshore oil fields distribution of recoverable reserves Average onshore oil fields discovered in (Million barrels) Mexico are 3 times larger than the Samaria average recoverable reserves in 2,214 MMb Colombian…
Gateaway to Asia Comparison of gas transportation costs Comparison of hydrocarbons transportation time (USD/mmBTU) (days) 2.65 -31% 0.25 1.81 -32% 0.45 2.4 1.36 25 17 Louisiana Manzanillo Pipeline transport Pipeline…
Gateaway to Asia for Natural Gas Natural Gas Infrastructure and Ports www.portal.cnh.cnh.gob.mx
Bidding results 12 107 Bidding Contracts2 processes1 Onshore Shallow water Production sharing Deepwater 31 contracts 73 License contracts 3 Farmouts 73 new oil and gas companies operating in Acreage awarded the country.…
First successful projects R1.1 Discovery of +2 billion boe (Zama) R1.2 Reassessment of reserves Onshore Shallow water Deepwater Reassessment of 1P reserves of 1.2 fields* (1P reserves in mmboe) 3x 251 Zama-1 Discovery of…
Authorization results 43 Authorizations: 24 to acquiere new data and 19 to reprocess existing data About 2 billion dollars in investment in G&G exploration over the last 3 years Companies' revenues for multi-client seismic…
Institutional strenght Mexican Energy Reform in 2013 modified 3 clauses in the Constitution: 25th, 27th and 28th. Art. 27 Art. 28 Hydrocarbons E&P activities Hydrocarbons E&P activities are may be carried out through established as…
Transparency All processes are conducted in written form through www.rondasmexico.gob.mx Live online broadcasting of the event. Submittal, opening of bids and awards declaration are held at the same event. of best Place Country…
THANK YOU oscar.roldancnh.gob.mx
MEXICO: THE NEXT ENERGY LEADER TSX-V: IFR OTCQB: IFRTF Corporate Presentation ENERCOM August 2018
Mexicos Energy Reform is one of the largest energy investment opportunities in the world today 3
Why Mexico PEMEX has been the only oil and gas company allowed to operate in Mexico since 1938 Starting in 2013, Mexicos government has implemented massive reforms to allow foreign investment Five year plan contemplates the…
U.S.A. Texas Mexico: Huge Potential and Need for Massive 4.8 14.4 Investment Houston 3rd Largest oil producer in the Western Hemisphere Sabinas Basin 4th Largest oil reserves in the Western Hemisphere Burgos Basin 2.7 Gulf of…
Corporate Overview Trading Symbol Shares Management / Market Outstanding Board Capitalization* 151M 32% basic 24.1M CDN *Aug 15, 2018 Analyst Coverage First-mover in Mexicos Energy Reform Large ownership position by board,…
IFR: Value Creation Registered and evaluating bid GROW round 3.2 (February 2019) Mexico has Massive PEMEX farm-outs (February Running Room 2019) Additional JV opportunities First-mover advantage DEMONSTRATE Tecolutla asset Now…
Experienced Leadership Team Key Board and Advisors: Ignacio Quesada Independent Director, Former CFO and Director PEMEX Glen Dawson Independent Director, 38 years of executive experience running several successful domestic and…
Industry Leading Joint Venture In August 2015, Grupo IDESA and IFR formed joint venture Tonalli Energia Tonalli combines IFRs Canadian geoscience, engineering, and finance team with IDESAs Mexican regulatory, engineering and logistics…
One of the largest petrochemical companies in Mexico with 60 years of experience Produces, markets and distributes petrochemicals and chemical products into diverse Mexican and international industries. BRASKEM Joint Venture with…
IFR Partnership with Export Development Canada (EDC) IFR partnered with the EDC in January 2016 and is its first upstream financial partner in Mexico The EDC is Canadas international trade finance agency The facility covers IFRs…
DEMONSTRATE Tecolutla: Building a Base for Future Growth Model for Success Tampico-Misantla could be a Super Basin, reports IHS Markit TEC-2 workover, 7 day test avg. 125 barrels of oil per day TEC-10 Recently drilled well, 175…
PREMIER BASIN Tecolutla A vastly underdeveloped mature field Seven wells drilled between 1956-1972 before 3D seismic was acquired Historical well performance 256-453 bbls/d Reservoir Characteristics Depth -2300m SSTVD API 28+o…
PREMIER BASIN Tecolutla 3D view Showing Tec-11 Planned Horizontal Well Tec-7 Tec-9 Tec-2 Tec-11 Tec-6 Tec-10
DEVELOPMENT Tecolutla: TEC-11 Utilizing Rebuilt Tec-2 Pad Field 15
PREMIER BASIN Open Running Gulf of Mexico Room Average Total Category Area Blocks Onshore Veracruz 180 km sq 127 Conventional Onshore 287 km sq 185 Unconventional Hidalgo Tecolutla Block Region First five wells in the Ezequiel…
U.S.A. GAINING MOMENTUM Texas Onshore Round 3.2 Tonalli entered Round 3.2; registered and Nuevo granted access to the data room Leon Minimum US100 Million balance sheet requirement Gulf of Mexico Covers 37 onshore conventional…
IFR Growth Strategy Achieve production from Tecolutla in Q3 2018 Advance development to maximize production and reserves at Tecolutla Acquire new assets in current and future onshore bid rounds Leverage first mover advantage to…
Companys shares trade on: TSX Venture Exchange TSX-V: IFR OTC markets OTCQB: IFRTF Contact For further information, please visit www.internationalfrontier.com or contact: Steve Hanson President and CEO Tony Kinnon Chairman, VP…
EnerCom The Oil and Gas Conference Mexico Panel August 2018
Snapshot of Talos Energy Talos Key Assets Corporate Snapshot Pro Forma (PF) Proved Reserves (1) 151 MMBoe 2P Reserves (1) 205 MMBoe Ewing Bank 305 Field Amberjack Proved PV10 (1)(2) 2,421 MM 2P PV10 (1)(2) 3,435 MM Strip…
Net Asset Value(1)(2) Talos Energy trades significantly below its peer group on a NAV basis (3) Mexico LongTerm Portfolio 12 Locations and 1 Discovery NearTerm 250 550 MMBOE(4) 2P Core NAV Catalysts 38 Locations (net…
Offshore Mexico Strategic Context Macro View Mature offshore basin with significant production Talos was the first foreign operator to enter offshore Single operator was historically tasked with discovering Mexico in Round 1.1 after…
Mexico GOM Assets With a significant seismic footprint in offshore Mexico and access to proprietary reprocessing, Talos can leverage deal flow in the offset acreage and study the regional geology as we mature our exploration portfolio…
Mexico Bid and Lease Progression After Round 1.1 July 2015 After Round 3.1 March 2018 Key Operators Key Operators Pemex Exxon Repsol Talos Shell Murphy Chevron Pan American BP DEA Total Cairn As a firstmover in offshore ENI…
Mexico Portfolio Development Additional Prospects Block 2 48,180 acres 45% working interest Block 7 115,255 acres 35% working interest Prospect to be tested in 1Q 2019 Prospect to be drilled in 2Q 2019 Stranded discovery…
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