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December 2018 Corporate Update – President Energy Plc

President Energy Plc · Dec 3, 2018 · 25 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. December 2018 Corporate Update – President Energy Plc – slide 1
    DELIVERING SUSTAINABLE VALUE GROWTH IN LATIN AMERICA December 2018 November 2018 Investor Presentation
  2. December 2018 Corporate Update – President Energy Plc – slide 2
    CORPORATE SUMMARY Current Estimated Year end Group Reserves Prospective Annualised Turnover* Production (Independently Certified Reserves) Resources Target US50 3,000 1P 15 Argentina Million BOEPD MMBOE 194 MMBBLS 7 TCF…
  3. December 2018 Corporate Update – President Energy Plc – slide 3
    BOARD OF DIRECTORS AND SENIOR MANAGEMENT PRESIDENT BOARD OF DIRECTORS Peter Levine Rob Shepherd Jorge Bongiovanni Alex Moody-Stuart Chairman and Finance Director Non-Executive Non-Executive Group CEO Director Director 30 years…
  4. December 2018 Corporate Update – President Energy Plc – slide 4
    WHERE WE OPERATE Argentina USA USA 1 Puesto Guardian 1 East Lake (Five Oil Fields) Verret Production Production Production (Operator) 100% (Operator) Argentina 2 Lake Peigneur Production USA (Operator) 6/7 2 Matorras…
  5. December 2018 Corporate Update – President Energy Plc – slide 5
    KEY INVESTMENT CONSIDERATIONS Considerable Upside Potential from Three Sources 100% upside potential in High potential exploration Multiple additional production from existing opportunities in Argentina and non-organic opportunities…
  6. December 2018 Corporate Update – President Energy Plc – slide 6
    DRAMATIC PROGRESS FROM NOV 17 THROUGH SEP 18 Production at Puesto Flores/Estancia Vieja Increased by 51% to 1,694 boepd Group operating profit Increased by 594% to US1.7 Million Net backs at Puesto Flores/Estancia Vieja Increased…
  7. December 2018 Corporate Update – President Energy Plc – slide 7
    THE PROGRESS CONTINUED IN Q3 Q3 2018 COMPARED TO Q2 2018 DRIVING PRODUCTION AND PROFITS, REDUCING COSTS +21% +101% +59% +33% Group Adjusted Group Cash Group Netback Turnover EBITDA* from per barrel operations (before G&A)…
  8. December 2018 Corporate Update – President Energy Plc – slide 8
    KEY NEAR TERM NEWSFLOW December 2018: Flow rates from second (PFE-1001) well Completion and flow rates from third (PFO-1005) PF development well Initial flow rates from newly acquired Puesto Prado and Las Bases Concessions…
  9. December 2018 Corporate Update – President Energy Plc – slide 9
    INDICATIVE ACTIVITY PLANS IN EXISTING ASSETS ACTIVITY Q4 2018 H1 2019 H2 2019 H1 2020 H2 2020 Drilling - Development PUESTO Drilling - Exploration FLORES Workover Drilling - Development ESTANCIA Drilling - Exploration VIEJA…
  10. December 2018 Corporate Update – President Energy Plc – slide 10
    ARGENTINA Regional Hotspot for Oil and Gas Investment Slide 11 November 2018 Investor Presentation
  11. December 2018 Corporate Update – President Energy Plc – slide 11
    WHY ARGENTINA PROGRESSIVE, PRO BUSINESS GOVERNMENT: Corporate Tax (50 Billion President Of Ongoing reduced to IMF Loan) G20 Deregulation 30% Considerable Goodwill In 2018, Pursuing of e.g. Capital from International Markets from…
  12. December 2018 Corporate Update – President Energy Plc – slide 12
    PUESTO FLORES / ESTANCIA VIEJA CONCESSION Rio Negro Province, Argentina Concession Licence to 2027 (with extension rights) PARTNERED WITH PROVINCIAL OIL COMPANY EDHIPSA (10%) TWO PRODUCING FIELDS, ACQUIRED FOR REACTIVATION AND…
  13. December 2018 Corporate Update – President Energy Plc – slide 13
    PUESTO FLORES FIELD Rio Negro Province, Argentina 10 5 66% 0 Sep '17 Jun '18 2P reserves (mmboe) 2000 1500 58% 1000 500 0 Sep '17 Jun '18 COMPLETED UNDERWAY UP NEXT Daily Production (boepd) Two workover programs…
  14. December 2018 Corporate Update – President Energy Plc – slide 14
    ESTANCIA VIEJA FIELD Rio Negro Province, Argentina COMPLETED UNDERWAY UP NEXT Full facilities review Long term gas tests Bring additional gas Reactivate 2 oil wells Installation of power online and 3 gas wells generation to power…
  15. December 2018 Corporate Update – President Energy Plc – slide 15
    PUESTO PRADO / LAS BASES THE ACQUISITION OF A REGIONAL OPERATING HUB Two new 10 year Concessions (President 90% - Edhipsa 10%) Acquisitions completed end November 2018, cost US10m of which US8.7m payable in 2018 with balance at end…
  16. December 2018 Corporate Update – President Energy Plc – slide 16
    CONCESSION PUESTO PRADO Province of Rio Negro, Argentina Concession Licence to 2028 (with extension rights) COMPLETED UNDERWAY UP NEXT Preliminary review of Reactivation of wells (3- Reactivation of the battery the field and 8)…
  17. December 2018 Corporate Update – President Energy Plc – slide 17
    CONCESSION LAS BASES Province of Rio Negro, Argentina Concession Licence to 2028 (with extension rights) COMPLETED UNDERWAY UP NEXT Preliminary revision of Reactivation of 1 gas Partial reactivation of the the field and well…
  18. December 2018 Corporate Update – President Energy Plc – slide 18
    PUESTO GUARDIAN CONCESSION Salta Province, Argentina Concession Licence to 2050 Oil Reserves (MMBbls) Proved: 10.2 100% - LONG TERM DEVELOPMENT CONCESSION 18.6 CLUSTER OF FIVE PRODUCING FIELDS MMBbls Probable 8.4 OIL SALES VIA…
  19. December 2018 Corporate Update – President Energy Plc – slide 19
    PUESTO GUARDIAN CONCESSION Salta Province, Argentina OPERATIONALLY PROFITABLE GENERATING POSITIVE FREE CASH FLOW 38 36 16% 34 COMPLETED UNDERWAY UP NEXT 32 Improvement in field and Upgrades to battery Continue to optimize…
  20. December 2018 Corporate Update – President Energy Plc – slide 20
    LOUISIANA Stable cash flow from reliable operation Slide 21 November 2018 Investor Presentation
  21. December 2018 Corporate Update – President Energy Plc – slide 21
    EAST LAKE VERRET LICENCE Louisiana, United States USA 1 East Lake Verret Production (Operator) Operated interests in two producing wells: Triche (62.5% WI, 37.5% NRI) and Simmons (43.9% WI and 33.3% NRI) Currently…
  22. December 2018 Corporate Update – President Energy Plc – slide 22
    JEFFERSON ISLAND LICENCE Louisiana, United States Lease acquisition cost net to President US35,000 USA 20% Operated Interest 4 wells targeted to be drilled in 2019 commencing Q2 at East Lake Verret 1 Production estimated cost…
  23. December 2018 Corporate Update – President Energy Plc – slide 23
    PARAGUAY Chance to set the trend in a business friendly market Slide 24 November 2018 Investor Presentation
  24. December 2018 Corporate Update – President Energy Plc – slide 24
    UPDATE ON PARAGUAY H2 2019 drilling targeting proven cretaceous fairway Imperial Delray Complex complex (Mean 394 MMboe (Mean 193 MMboe Cret. Resources) Cret. Resources) Palmar Largo Spectral Complex Geochemical…
  25. December 2018 Corporate Update – President Energy Plc – slide 25
    Thankyou Office Headquarters 1200 Century Way, Thorpe Park Business Park Leeds, LS15 8ZA. United Kingdom Company Registered Office Argentine Office Paraguay Office USA Office 1200 Century Way Juana Manso 1750, Complejo Zencity…

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