Global Hunter Securities Energy Conference Chicago, Illinois June 24-25, 2014
BPZ Energy Four Blocks in Northwest Peru and one in Southwest Ecuador Multiple Plays with Multiple Existing Offshore 3-D Seismic Prospects in Each Play Existing Onshore 3-D Seismic BLOCK XIX BPZ (51%) and Pacific Rubiales…
Peru Outlook The World Bank 4/14/14 Over the past five years, Peru has made great strides in its development. Its achievements include high growth rates, low inflation, macroeconomic stability, reduction of external debt and poverty…
Vision and Mission The BPZ Team will be recognized for excellence in exploring, developing and producing oil and gas in Peru and the Americas. We will: deliver profitable growth. become a preferred partner of government and…
Key Numbers Share Price: (1) 3.30 52-Week Range: (1) 1.58 - 3.40 Shares Outstanding: (2) 119 million Market Capitalization: (1) 393 million Total Enterprise Value: (1) 577 million Proved Oil Reserves: (3) 16 million barrels PV-10…
Key Focus Grow Continue Z-1 Development Drilling OPERATIONS Appraise Delfin Production Continue Onshore Exploration Grow Cash Flow Improve Cost Structure FINANCE Capital Discipline Grow Manage Cash Reserves 7
Production Growth and Cost Reduction Underway BLOCK Z-1: Historical Average Quarterly Gross Production BOPD 8,000 7,000 6,000 5,000 4,000 7 New Wells Plan to be 3,000 Completed by Year-end 2,000 2014 1,000 - 1Q08 2Q08…
Block Z-1 Increase Capture upside oil Appraise prior Explore prospects production at and gas potential at discoveries in in < than 350 ft. of Corvina and Corvina and Delfin, Piedra water starting with Albacora Albacora Redonda, and…
Capturing Corvinas Upside CX15-5D well currently being drilled Five wells have surpassed 1 Mmbo Four more wells planned in 2014 1,500 acres, with 15 more gross PUDs Structure Map at Top of Zorritos Unconformity CX-11 7D 2D 1D…
Albacora Development A-26D well currently being completed A-14XD well has exceeded 1 Mmbo One more well to follow (possibly two) Area under development is 400 acres Albacora, Top MidZorritos / Structural Map PLATFORM 11
Six Wells at 1 Mmbls+ of Oil Produced CORVINA FIELD: CUMULATIVE GROSS PRODUCTION RATES as of May 31, 2014 WELL 1st. Month Latest Month OILCUM GASCUM Number PRODUCED PRODUCED (MBO) (MMSCF) CX11-14D 11/30/07 04/30/14 225.1 191.1…
Albacora Lower Zorritos Structure Map Area under development 13
Planning to Drill Delfin Next Year Drilling permit already in hand Prospective area is 3,000 acres Tennecos 39-X-1 well tested oil Delfin platform to be 4 miles from CX-15 CX11 OIL AREA Corvina CX15 39-X-1 OIL AREA B-17-X…
Raya, also Targeting Oil from Zorritos Fm. Potential size of 7,500 acres Also in less than 300 ft. of water Drilling permit already in hand 10 miles from Corvina CX-15 platform 15
Piedra Redonda Anchors the Mancora Gas Play Belco discovered dry gas with C-18-X well Piedra Redonda prospect is 11,000 acres Near coastline in 200 ft. of water Drilling permit already in hand PACIFIC OCEAN EC P -1X PEC-1X Block…
Onshore Block XXIII Caracol 1X Well Site Three exploration wells already Cardo 2X Well Site drilled: Caracol 1X, Cardo 2X and Piedra Candela 3X. Caracol 1X tested gas on an initial test. Workover Rig at Piedra Candela 3X Piedra…
Block XXII: Multiple Plays in 1 Million Acres Pursuing Cretaceous age conventional Muerto Formation is a brittle shale, rich and unconventional plays in total organic content Thick section of Muerto Formation source Adjacent operator…
Progress and Plan Improve Cost Structure Year-on-year reduction in G&A from 2011 to 2013 Continue managing G&A Further reduction of unit LOE Capital Discipline Ensure robust economics Spending within cash constraints Remaining…
Year Over Year Quarterly Comparison US 000's, unless noted 1Q 2014 1Q 2013 Variance Barrels of oil per day 2,566 1,491 + 1,075 Net realized price per barrel 98.78 103.27 - 4.49 Revenue 20,976 13,312 + 7,664 EBITDAX 9,556 21 + 9,535…
Revised 2014 Capital & Exploratory Budget Millions Offshore Block Z-1 (51% BPZ) Corvina CX-15 development drilling (6 wells) 40 Albacora drilling (4 wells plus 18D sidetrack) 36 Projects & engineering 17 Total BPZ Net Offshore 93…
Summary Business Plan 2013-2014 2015 Offshore Block Z-1 Offshore Block Z-1 Corvina CX-15: Completing Fourth Corvina and Albacora PUDs to PDPS of Eight PUD wells and P2 to PUDs Albacora: Drilling Fourth of Five Drill and develop…
Thank You Manolo Ziga President & CEO Rick Menniti Chief Financial Officer For additional information: A. Pierre Dubois Director, Investor Relations & Corporate Communications 580 Westlake Park Blvd., Suite 525 Houston, Texas…
Appendix GAAP Reconciliation Reconciliation of non-GAAP measure The table below represents a reconciliation of EBITDAX to the Companys net loss, which is the most directly comparable financial measure calculated in accordance with…
Appendix Other Information PeruPetro Perus Oil & Gas Investment Guide http://www.perupetro.com.pe/ http://www.perupetro.com.pe/wps/wcm/connect/9ded3c9c-e076-4452-93e7-…
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