Corporate Presentation Growing Profitable Production Growing Reserves Adding Exciting Exploration April 2014 John Wardle Chief Executive Officer www.amerisurresources.com a Latin American Producer and Explorer
Amerisur in Summary Introduction Management Track record of success in the industry Caribbean Sea Over 100 years experience in South America Venezuela 150 MMBO+ discovered in Colombia FENIX Colombia COLOMBIA Producing field…
Amerisur in Summary A full cycle E&P company Current production of 7,000+ BOPD from the Southern/Central lobe of Platanillo Production 2013 average production H1 3,715 BOPD H2 5,723 BOPD 13 wells in production with 1 water disposal…
Summary Production 5
Amerisur in Summary Platanillo Development Progress April 2012 February 2014 100% Working Interest 11,000Ha 2 producers Pad-3N drilled, 1 well 100% Drilling Success to Date drilling Production currently 7,000 7,500 BOPD from U sand…
Colombia Platanillo Drilling Platanillo Development Progress April 2012 February 2014 Central & Northern Lobes Not yet drilled Platanillo-7 3,052 BOPD on test Platanillo-16 320 BOPD on test Platanillo-17 1,527 BOPD on test…
Colombia Platanillo Drilling Platanillo Future Drilling Inventory Future Programme Plat North 3D Area Central zone Two producers successfully drilled, third drilling 2016 2 further development wells in South 4 Infill wells…
Platanillo Production Performance Production and Reserve Growth 2013 focus has been 180 on increasing 2.000.000 35 production and 160 30 converting 2P 1.800.000 probable reserves 25 1P Reserves into 1P 1.600.000 140 20…
Platanillo Production Strategy Surface Facilities 20,000bbls extra storage completed, additional 10,000bbls underway 11
Platanillo Evacuation Strategy Optimising Production: Upside Potential Current Status Unable to produce at full capacity due to limited transportation options Cost of transportation per barrel significant Opportunity Direct…
Platanillo Cost and Netback Performance Breaking down the Barrel (net of Royalties & Economic Rights) 120 OPERATING NETBACK Improvements to Netback ECONOMIC RIGHTS Oil in Ecuadorian Line H2 2014 (US14/bbl transport saving) FIXED…
Platanillo Evacuation Strategy Moving Oil to Point of Sale Ecuadorian System Colombia PLATANILLO ORITO Ecuador 14
Platanillo crossing the River Putumayo Pipeline to Ecuador Baseline surveyed by Amerisur 15
Summary Exploration 16
Colombia Platanillo Drilling Platanillo Future Upside N Sand Attribute Mapping Additional Reservoirs All wells to date produce from the U sands: Oil tested in T, B and N sands Potential oil in M2 sand & M/A limestone T, B are…
Putumayo Basin Platanillo Geology PUTUMAYO BASIN Seals - Villeta and Rumiyaco shales N Sand Reservoirs in Villeta Sands & Carbonates Cretaceous Marine Sediments Source Rocks of Villeta Group Cretaceous Marine…
Colombia Platanillo Drilling Platanillo Summary of Future Upside Lots of running room still to go Area Next Steps Upside Potential Infill and continued extension Light oil, good production rates U sand Development to the north…
Putumayo Basin: Put-12 Putumayo Basin: Put-12 Summary COLOMBIA 60% working interest in the contract with Pluspetrol Ecuador the operator Peru Brazil PLATANILLO PUT-12 Geology 55,000Ha 5x bigger than Platanillo Similar…
Putumayo Basin: Put-12 Putumayo Basin: Put-12 Seismic reprocessing of LEAD 4 legacy data has much Platanillo higher quality, more definition, higher frequency content. Strong structural analogues with Platanillo and…
Putumayo Basin: Put-12 Put-12 Resources Current Mapping ARENA U Porosity (Fr) Sw (Fr) NTG Vol Acre-pie Area (acres) OOIP MMbls Recovery Factor % Prospective Resources MMbls LEAD P95 Mode P05 P95 Mode P05 P95 Mode P05 P95 Mode P05…
Paraguay Overview Paraguay The opening of a new Petroleum province Amerisur has an attractive and dominant acreage position A Basins shared with adjoining Repsol YPF petroleum producing regions President Petroleum A Attractive…
Paraguay Overview Paraguay Overview Our work suggests that all necessary conditions are present for a commercial hydrocarbon discovery San Pedro Coronel Oviedo, Lima, Santa Helena and Cary potential reservoirs 460km 2D acquired…
Paraguay Overview Paraguay Overview Yacoraite Onlap according to Gravity Mapping Our play concept is focused on the edges of the basin, where the tilted Palaeozoic fault blocks may create major traps, charged from the down-…
Paraguay Overview Paraguay Overview Geo-Seismic Section and Play Concept Argentina Analogue Tilted Palaeozoic Fault Blocks at basin edges Migration Route Hydrocarbon generation in the deeper cretaceous source rocks…
Paraguay West Blocks New gravity survey indicates structuration New data acquired by Amerisur in 2013 Analysis indicates strong structuration at basin edges Seismic programme being designed for acquisition in 2014. 27
Curupayty Non Conventional Potential Los Monos Thick Devonian Shales Existing wells in this basin demonstrate thick organically rich sections Deposition environment similar to USA Devonian systems Analysis of well data and…
Future Forward Focus 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Colombia Platanillo Infill and development drilling Pipeline into Ecuador Northern Lobe 3D survey Northern Lobe and other prospects step-out drilling CPR updated…
Summary Summary Growing a Profitable Producer Track Record Strong track record of success to date Drilling programme has been 100% successful Production capacity targets achieved, logistics improving Cash Generation Strong netbacks…
Summary Annexes 31
Corporate Performance Share Price Performance Last Three Years 16 Jul '13 29th December 70 28 Jun '12 60 26 Jul '12 30 Nov '12 Platanillo-7 tested 12 Apr '11 6 well campaign increased to 8 new wells Decision not to pursue 16…
Board & Management Board & Management Name / Position Age Experience Successful entrepreneur and Chairman of several private organisations Giles Clarke 60 Founded Majestic Wine in 1981, co-founded Pet City in 1990 and co-founded…
Colombia a growing team for a growing job CEO JOHN WARDLE Gerente General Gerente Tcnico y de Gerente Administrativo y Operaciones Financiero Gerente de Ingeniero Snior Ingeniero Gerente de Jefe Social y Ingeniero…
Platanillo Reservoir Data and Production Performance Platanillo Reservoir Data and Production Performance GROSS INTERVALOS PRUEBA INICIAL (ARENAS U) BOPD ESPESOR NETO DE NET PAY POZO UNIDAD (Columna de CAONEADOS ARENAS (pies)…
Platanillo Reservoir Data and Production Performance Platanillo Reservoir Data and Production Performance ESPESOR INTERVALOS PRUEBA INICIAL (ARENAS U) BOPD GROSS (Columna NET PAY POZO UNIDAD NETO DE CAONEADOS de Aceite)* (Pies)…
Platanillo Crossing under the River Pipeline to Ecuador Estimate US6 8MM 37
Colombia Fenix Overview Colombia Fenix Overview Ave-1 drilled to 3,300ft Encountered oil sands in Esmeraldas formation Low productivity Under review 38
Platanillo Production Strategy Surface Production Facilities [2012 2013] 39
Platanillo CSR Corporate Social Responsibility [2012 2013] 40