Skip to main content PROACTIVE INVESTORS – Hurricane Energy Investor Presentation | Shale Experts
Loading...
Pm

PROACTIVE INVESTORS – Hurricane Energy

Hurricane Energy · Feb 19, 2014 · 35 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. PROACTIVE INVESTORS – Hurricane Energy – slide 1
    Basement Reservoir Specialists Proactive Investors 19 February 2014
  2. PROACTIVE INVESTORS – Hurricane Energy – slide 2
    Hurricane Energy plc Introduction Hurricanes achievements, story and team Fractured basement reservoirs Operations due to start in Q2 Future planning Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 2
  3. PROACTIVE INVESTORS – Hurricane Energy – slide 3
    Hurricane is all about... Discovery and development of oil from naturally fractured basement reservoirs Hurricane has successfully found light oil in fractured basement reservoirs West of Shetland Potentially a strategic resource…
  4. PROACTIVE INVESTORS – Hurricane Energy – slide 4
    UK government PILOT scheme Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 4
  5. PROACTIVE INVESTORS – Hurricane Energy – slide 5
    Basement plays around the World Tellus discovery Lancaster and Whirlwind discoveries Various Russian Fields Zdanice-Krystalinkum Field Szeghalom Field Kansas upli/ elds Dongshengpu Field Edison Field Augila-Nafoora Field…
  6. PROACTIVE INVESTORS – Hurricane Energy – slide 6
    Features of basement reservoirs Basement fields can be associated with large reserves Significant upside potential Produced, processed and exported via conventional development facilities Fractured basement is a proven concept it…
  7. PROACTIVE INVESTORS – Hurricane Energy – slide 7
    What have we achieved so far Two major discoveries of over 200 MMboe recoverable 2C Contingent Resources each, 2009 (Lancaster) and 2011 (Whirlwind, oil case) - The average size discovery on the UKCS 2009/10 was 20-23 MMboe…
  8. PROACTIVE INVESTORS – Hurricane Energy – slide 8
    UK Average discovery size MMboe 500 400 300 Whirlwind (oil case) Lancaster 200 100 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 0 1998 2001 2004 2007 2010 2011 Hurricane Proactive Investors 19…
  9. PROACTIVE INVESTORS – Hurricane Energy – slide 9
    What have we achieved so far Two major discoveries of over 200 MMboe recoverable 2C Contingent Resources each, 2009 (Lancaster) and 2011 (Whirlwind, oil case) - The average size discovery on the UKCS 2009/10 was 20-23 MMboe…
  10. PROACTIVE INVESTORS – Hurricane Energy – slide 10
    Hurricanes potential in peer group context Sources: Hurricane resources sourced from October 2013 CPR; other company reserves and resources data sourced from latest company reports / presentations; proportion of portfolio in OECD…
  11. PROACTIVE INVESTORS – Hurricane Energy – slide 11
    Executive management Dr Robert Trice CEO Nicholas Mardon Taylor CFO As Hurricanes founder, Robert has over 25 years oil Nicholas has worked in the oil industry for over 30 industry experience. He has combined specialist technical…
  12. PROACTIVE INVESTORS – Hurricane Energy – slide 12
    Non-Executive Directors John Hogan, Chairman Dr David Jenkins Non-Executive Director John has over 35 years experience in the oil and gas David is currently an Industry Advisor to Riverstone industry. He spent almost 20 years with…
  13. PROACTIVE INVESTORS – Hurricane Energy – slide 13
    Hurricanes strategy Increase shareholder value through the exploration, appraisal Reserves and development of fractured basement reservoirs Focus on proven petroleum systems with material reserve potential ConLngent Resources 2C…
  14. PROACTIVE INVESTORS – Hurricane Energy – slide 14
    Capital raising history Cumulative investment Capital raised 210 Whirlwind operations 2010 and 2011 180 150 Lancaster operations 2009, 2010 and 2014 m 120 90 60 60 43 28 31 30 20 18 7 3 0 0 2005 2006 2007 2008 2009…
  15. PROACTIVE INVESTORS – Hurricane Energy – slide 15
    Floated on AIM HUR Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 15
  16. PROACTIVE INVESTORS – Hurricane Energy – slide 16
    Ownership The company has the following share capital structure as at 4 February 2014: 631,882,156 ordinary 0.1p shares in issue 4.38% Held by Directors Top Institutions % 46.4% F&C Asset Management 9.23% Artemis 7.57% BlackRock…
  17. PROACTIVE INVESTORS – Hurricane Energy – slide 17
    Location Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 17
  18. PROACTIVE INVESTORS – Hurricane Energy – slide 18
    Significant resource discovered and large upside potential to confirm Hurricanes assets: ConKngent and ProspecKve Resources Source: CPR November 2013 MMboe Greater Lancaster Area (GLA) 3000 Lancaster + Lincoln 2500…
  19. PROACTIVE INVESTORS – Hurricane Energy – slide 19
    Natural fractures in basement rock
  20. PROACTIVE INVESTORS – Hurricane Energy – slide 20
    Model: how oil gets into the fractured basement reservoir Illustrated schematically, layers of rock As the oil and gas move up, they are trapped build up over many millions of years. by the thick layer of shale and clay that Somewhere…
  21. PROACTIVE INVESTORS – Hurricane Energy – slide 21
    500m 1Km Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 21
  22. PROACTIVE INVESTORS – Hurricane Energy – slide 22
    Increasing understanding 0 0.5 1 1.5 2km Pre-drill Post-drill Recent seismic work Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 22
  23. PROACTIVE INVESTORS – Hurricane Energy – slide 23
    Q2: Sedco 712 Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 23
  24. PROACTIVE INVESTORS – Hurricane Energy – slide 24
    Lancaster model Approximately 1Km horizontal secKon Hurricane ProacLve Investors 19 February 2014 HUR AIM Lcker: 24
  25. PROACTIVE INVESTORS – Hurricane Energy – slide 25
    Proposed development Not to scale and schematic representation only N Lancaster Lincoln Riser base structure Manifold Inclined well Production Horizontal well Gas lift Umbilical Surveillance well Gas export…
  26. PROACTIVE INVESTORS – Hurricane Energy – slide 26
    Lancaster valuation From the independent Competent Persons Report, the 2C, 207MMboe, case for Lancaster alone has an NPV10 of: USD 1.3bn Source: CPR November 2013 Hurricane Proactive Investors 19 February 2014 AIM ticker: HUR 26
  27. PROACTIVE INVESTORS – Hurricane Energy – slide 27
    Base case, MMboe Lancaster Contingent Resources Lincoln Prospective Resources Represents depth for 1C 62 P90 44 Lancaster scale Represents depth for Represents depth for 2C 3C 207 456 P50 P10 150 (not shown) 339…
  28. PROACTIVE INVESTORS – Hurricane Energy – slide 28
    Lancaster scale The schemac diagram below indicates a comparison of various well known buildings with the depth of the Lancaster structure and indicates the approximate path of the horizontal well planned for 2014. -800.00…
  29. PROACTIVE INVESTORS – Hurricane Energy – slide 29
    Getting to first oil Drill and test, 2014, confirming deliverability and flow rate Hurricane is working with WoS operators to evaluate technical solutions for shared development Hurricane has identified a preferred farm-out specialist…
  30. PROACTIVE INVESTORS – Hurricane Energy – slide 30
    Whirlwind Drilled in 2010, (205/21a-5) - 270m vertical hydrocarbon column found in limestone and underlying basement Re-entered in 2011 - successfully brought gas and light oil to surface Well suspended for future appraisal/…
  31. PROACTIVE INVESTORS – Hurricane Energy – slide 31
    Whirlwind potential gas resources Whirlwind Prospective Gas Resources Whirlwind Contingent Gas Resources 2500 2000 935 1500 Bscf 715 360 1000 231 1017 1303 45 77 500 528 236 808 1C+P90 437 2C+P50 3C+P10 1C+P90 0 Oil…
  32. PROACTIVE INVESTORS – Hurricane Energy – slide 32
    eline pip gas nd etla of Sh West Shetland Po ssi ble Whirlwind ro ute of Pr op ose d R ose b an k p ipe lin e Hurricane blocks outlined in red Hurricane ProacLve Investors 19 February 2014 HUR AIM…
  33. PROACTIVE INVESTORS – Hurricane Energy – slide 33
    Who could we do it with Major players West of Shetland Enboll Laxford - Ongoing technical studies regarding shared infrastructure Rosebank Global players with basement 214/27-1 Glenlivet experience Torridon Field Development…
  34. PROACTIVE INVESTORS – Hurricane Energy – slide 34
    The Hurricane opportunity Good location: Region of UKCS with most yet to find oil, OECD, Big Oil neighbours 3 billion barrel* upside case opportunity on Hurricanes acreage Flexible forward divestment strategy Upcoming Lancaster well…
  35. PROACTIVE INVESTORS – Hurricane Energy – slide 35
    Hurricane Proactive Investors 19 February 2014 &A AIM ticker: HUR

From the store

Browse maps, data & reports in the Shale Experts store