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AGM Presentation – Cygam Energy Inc.

Cygam Energy Inc. · Jul 3, 2014 · 29 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. AGM Presentation – Cygam Energy Inc. – slide 1
    AGM PRESENTATION July 3, 2014 1
  2. AGM Presentation – Cygam Energy Inc. – slide 2
    LEGAL DISCLAIMERS Readers are urged to review the legal disclaimers found at the end of this presentation. 2
  3. AGM Presentation – Cygam Energy Inc. – slide 3
    CYGAM HAS. Diverse portfolio of assets in two focus countries: -Tunisia : exploration, development, production -Italy : exploration, appraisal Tunisia : Production and cashflow from the onshore TT Field with substantial development…
  4. AGM Presentation – Cygam Energy Inc. – slide 4
    OVERVIEW Listed on the TSX Venture Exchange (CYG.V) 131.3 million shares outstanding (143.4 million FD) Market capitalization at 0.05 per share : 6.6 million (1) 1Q14 results: Gross TT Field production: 2,358 bopd Working interest…
  5. AGM Presentation – Cygam Energy Inc. – slide 5
    MANAGEMENT AND DIRECTORS Lean management structure with in-country representation Rome Office Giuseppe Rigo (MD) 1 geologist 2 support staff Calgary Head Office Dave Taylor (CEO) Tunis Office Alastair Robertson (CFO) Rodolfo…
  6. AGM Presentation – Cygam Energy Inc. – slide 6
    TUNISIA : COUNTRY FACTS 2012 Production 66,000 bopd and 197 MMscf/d (1,2) Proved reserves 425 million bbls and 2.4 TCF (2) Net energy importer Oil pricing referenced off Brent Gas export pipeline to Sicily and European grid Gas…
  7. AGM Presentation – Cygam Energy Inc. – slide 7
    TUNISIA : PERMITS Sud Tozeur (100%) Sud Remada (14%) Sale agreed and Exploration awaiting Expiry Sept 2016 government plus four year extension available approvals Area : 3,516 km2 (868,800 acres) Commitments : Bazma (100%) Two…
  8. AGM Presentation – Cygam Energy Inc. – slide 8
    BBT CONCESSION : TT FIELD CYGAM 14% 44o API oil: Brent pricing Reservoir depth : 1300-1500 mTVD Field area (1) : 52 km2 Gross DPIIP (1) : 201.7 MMB Gross field 2P reserves (1)(3) : 11.2 MMB (pre ETAP) CYGAM net 2P reserves (1)(3)…
  9. AGM Presentation – Cygam Energy Inc. – slide 9
    BBT CONCESSION : TT FIELD CYGAM 14% 42o API oil: Brent pricing Reservoir reserves 2P depth by increased : 1300-1500 mTVD Field 10% since area (1) : end 2012 with 52 km2 Gross balance DPIIPas(1) : carried 201.7 MMB Contingent…
  10. AGM Presentation – Cygam Energy Inc. – slide 10
    TT FIELD : DEVELOPMENT CYGAM 14% TT18 225 bopd TT19 126 bopd TT29 1 km2 TT28 43 bopd 0 bopd TT14 TT15 493 bopd 264 bopd Depth map on near top reservoir Limited area of field developed to date with material further…
  11. AGM Presentation – Cygam Energy Inc. – slide 11
    TT FIELD : PRODUCTION HISTORY CYGAM net after ETAP (1), barrels per day Gross Field 2013 FY Production : 947,450 bbls Cygam net, post ETAP : 83,067 bbls Gross Field 2014 Production (to end 1Q): 212,185 bbls Cygam net, post ETAP :…
  12. AGM Presentation – Cygam Energy Inc. – slide 12
    TT FIELD : 2014 PROGRAM CYGAM 14% Continuing installation of Early Production Facilities (infield pipelines, central tank farm) expected to result in significant reduction of opex in future years Six vertical development wells…
  13. AGM Presentation – Cygam Energy Inc. – slide 13
    TUNISIA : SUD TOZEUR CYGAM 100% Sale and Purchase Agreement signed April 2014 with YNG Exploration Limited (YNG) YNG to acquire 100% of Sud Tozeur subject to certain terms and conditions including all El Franig Field Tunisian…
  14. AGM Presentation – Cygam Energy Inc. – slide 14
    TUNISIA : BAZMA CYGAM 100% Large underexplored permit; 1,293 km2, expiry July 2016 Adjacent to producing fields, infrastructure with spare capacity Conventional and unconventional (shale gas) resource potential Conventional…
  15. AGM Presentation – Cygam Energy Inc. – slide 15
    TUNISIA : UNCONVENTIONAL CYGAM 100% Area of potential unconventional shale gas play Prospective hydrocarbon-rich shales with high organic content (1) (average TOC 3%, up to 15%) Expected to be regionally extensive Multi TCF…
  16. AGM Presentation – Cygam Energy Inc. – slide 16
    ITALY : COUNTRY FACTS 2013 Production 223,000 boepd (99,000 bopd and 0.75 bcf/d) (1) 2P remaining reserves 1.98 billion bbls and 8.8 TCF (1) 3rd largest European gas market 4th largest European producer of crude oil and gas Highly…
  17. AGM Presentation – Cygam Energy Inc. – slide 17
    ITALY : EXPLORATION LICENCES Onshore Colle della Guardia (50%, op.) Masseria Montarozzo (100%) Exploration Exploration Vidolasco Scarpizzolo Awarded Nov 8, 2013 Awarded Oct 11, 2013 Area : 81 km2 Area : 155 km2 San Patrizio Montalbano…
  18. AGM Presentation – Cygam Energy Inc. – slide 18
    ITALY : B.R268.RG (Elsa discovery) CYGAM 30% (post farmout) Licence area 126.7 km2 2010 near-shore drilling moratorium lifted August 2012 B.R268.RG Original licence has been Elsa Structure 15 km2 ELSA-1 Best Estimate extended to…
  19. AGM Presentation – Cygam Energy Inc. – slide 19
    ITALY : B.R268.RG (Elsa discovery) CYGAM 30% (post farmout) Water depth 15-50m Elsa-1 drilled 1992 65m oil column in Cretaceous (Maiolica Fm) dolomitised carbonates Estimated Contingent Resources(1) Low Best High MMbbl 40.3 104.2…
  20. AGM Presentation – Cygam Energy Inc. – slide 20
    ITALY : B.R268.RG (Elsa discovery) CYGAM 30% (post farmout) Development scheme selected to minimise footprint and environmental impact: Likely two minimum facilities well head platforms Purpose built FPSO (leased to purchase) Allows…
  21. AGM Presentation – Cygam Energy Inc. – slide 21
    ITALY : BRADANO BASIN LICENCES Colle della Guardia (50%, operator) 81 km2 Awarded Nov 2013 6 year term with no firm drilling commitments Primary target : regionally proven gas play in Pliocene sandstones Secondary target :…
  22. AGM Presentation – Cygam Energy Inc. – slide 22
    ITALY : PO VALLEY APPLICATIONS San Patrizio (100%) 210 km2 Award expected Q4 2014 6 year term with no firm drilling commitments Primary target : regionally proven gas play in Pliocene sandstones Typical field size 100-500 bcf at…
  23. AGM Presentation – Cygam Energy Inc. – slide 23
    RESERVES & RESOURCES TT Field : Volumes and values at end 2012 Gross Remaining After Tax NPV10 per NPV10 per Volumes (1) NPV10 (1) basic share diluted share TT Field : Category (Mbbls) (MM) (131.3 MM) (143.6 MM) Proved 472.6 15.3…
  24. AGM Presentation – Cygam Energy Inc. – slide 24
    PORTFOLIO Risked Resource Field, Discoveries, Exploration (net MMboe) by Permit InSite 3P Prospective Risked Reserves(1) Contingent Resources Geological Commercial Resources CYGAM (net Resources (2) (net Mean Chance of Chance of…
  25. AGM Presentation – Cygam Energy Inc. – slide 25
    ASSET VALUATION NPV10 per basic share (131.3 million shares) Current share price (0.05 on July 2, 2014) (1) TT Field : 2P and 3P Field values and Best Estimate Contingent Resources (2C) after InSite, Dec 2013 (2) Elsa risked Best…
  26. AGM Presentation – Cygam Energy Inc. – slide 26
    SUMMARY Significantly undervalued, currently trading at: -less than 50% of Total Proved NPV10 (1) -around one times 2014 forecast net operating income Development upside and value in the TT Field -funded for 2014 program -positive…
  27. AGM Presentation – Cygam Energy Inc. – slide 27
    CONTACT CYGAM Energy Inc. Head Office: Suite 760, 340 12th Avenue SW Calgary, Alberta, T2R 1L5 Canada Tel: +1 (403) 802 6983 Fax: +1 (403) 802 6984 infocygamenergy.com David Taylor, President and CEO Tel: +1 403 605 5117…
  28. AGM Presentation – Cygam Energy Inc. – slide 28
    RESERVE & RESOURCE DEFINITIONS Reserves are estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of drilling,…
  29. AGM Presentation – Cygam Energy Inc. – slide 29
    RESERVE & RESOURCE DEFINITIONS Prospective Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects.…

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