Highlights Current production capacity approx. 6,000 bpd (3,000 bpd net) Crude oil price realizations close to Brent prices Low historical cost structure provides strong netbacks and earnings Low risk development potential…
Market Information Listing and Symbol: TSX Toronto CVI.a Total Shares outstanding: 79.3 mm* Management & Directors: 25% 2012 Avg. daily trading volume: 109,000 Trading Range 2012: Cdn 1.26 Cdn 2.64 * After issuer bid AGM,…
Net Asset Value US per share (March 31 working capital, shares outstanding - Dec 2012 independent reserve value) Current share price reflects a significant discount to NAV10 (2P) 4.50 4.00 3.50 3.00 2.50 3.25 Reserves 2.00…
2012 2P Reserves by Field Proved plus probable reserves (2P) 2P Technical Reserves Hiswah 60% (28mmbbl)* Ras Nowmah 16% Hiswah 177 Al Roidhat 24% 6,509 Ras Nowmah 4,432 16,497 Al Roidhat 2P PV10 (AT) US 258 mm* Other *Per…
Operations YEMEN BLOCK 9 AGM, 2013 8
Discoveries and Prospects Yemen Block 9 Commercial Discoveries: Hiswah (producing) Al Roidhat (producing) Ras Nowmah (producing) Ras Nowmah South (put on production in 2013) Auqban (put on production in 2013) Technical…
2013 Priorities - Yemen Drilling Program Top Prospects Appraisal and development Facility Infrastructure Water Injection at Hiswah, Water Separation at Ras Nowmah, Inter field Pipeline Well Optimization Hiswah & Al Roidhat…
Opportunities on the Plateau Ras Nowmah North Prospect Sueda Prospect Producing Wells Ras NowmahField Exploration Wells Appraisal/Development Al HedbaFProspect Wells Edge of the Plateau Ras Nowmah South Field Al…
Top Exploration Prospects Planned drilling activity to grow reserve base Risked MMBbls (P50) Surface Primary Secondary P50 Expected Prospect/Lead 13.72 Location Target(s) Zone(s) ROIP(MMbbls) Timing Ras Nowmah North Sueda…
2013 Infrastructure Projects Hiswah water injection AGM, 2013 13
2013 Infrastructure Projects Ras Nowmah water separation AGM, 2013 14
2013 Plans Complete top prospects drilling program Install infrastructure projects to optimize production Manage barriers to growth Identify diversification opportunities AGM, 2013 16
Summary High netback crude oil Organic growth potential Strong balance sheet Secondary recovery upside Multi year drilling inventory Low risk development Opportunistic acquisitions Exploration opportunities AGM, 2013 17
Contact Information Calvalley Petroleum Inc. 700 600-6th Avenue SW Calgary AB. T2P 0S5 T: (403) 297-0490 F : (403) 297-0499 Website: www.calvalleypetroleum.com For more information please contact: Edmund Shimoon, Chairman &…