Proposed Merger Range Resources Ltd & International Petroleum Ltd Investor Presentation to introduce International Petroleum and its assets May 2013
Building a Leading Oil and Gas Company New CEO with strong track record in the oil and gas sector and extremely strong technical team Strong strategic fit balanced producing / development asset portfolio with exploration upside…
Strengthening Board to include highly experienced Directors and new CEO Director of numerous public and private companies including Vodafone Group Sir Sam Jonah (Range) PLC Non-Executive Chairman Adviser to three former Presidents in…
Transaction Summary Acquisition of International Petroleum: 76 mmbboe 2P reserves Over 300% Increase to Range 233 mmbbls 3P Reserves Over 750% Increase to Range Production targets: 4,000 bopd by end of Q1 2014 Over 200% Increase to…
Strategy production growth with cashflows used to assist with exploration opportunities Key Assets diversified portfolio of oil and gas assets Production assets in Russia and Trinidad Exploration assets in Puntland and Niger Focus…
Target Production Profile Quarterly Production Profile 20,000 18,000 16,000 14,000 12,000 BOPD 10,000 International Production Range Production 8,000 6,000 4,000 2,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2…
International Petroleum Highlights Best-in-class management team with successful track record of similar and more challenging projects in Russia, the CIS and Africa - Extensive experience with waterflood, reservoir simulation, well…
Assets International Petroleum Net 2P Reserves of 76.1 mmboe 2 KRASNOLENINSKY 1 ZAPADNO-NOV. & YUZHNO-SARD. (ZN & YS) Exploration RUSSIA / Production / Development 75% Interest KAZAKHSTAN 100% Interest Net Reserves (mmboe): 1P-…
Russia Overview International Petroleum holds interests in five projects in Russia: Kransnoleninsky Project (75%), YuzhnoSardakovsky Project (100%), ZapadnoNovomolodezhny Project (100%), Yanchinsky Project (100%) and Druzhny Project…
Russia Zapadno-Novomolodezhny & Yuzhno- Sardakovsky fields (100% Interest) Zapadno-Novomolodezhny (ZN) field Surrounded by producing fields of major Oil and Gas Companies 14 wells (8 prospecting and 6 exploration) drilled prior to…
Russia Krasnoleninsky Project (75% Interest) Includes four blocks in Khanty-Mansiysk Autonomous Kamennoye Region, Western Siberia, with a total area of 1,467 Field km2 (Lukoil, TNK-BP) Khanty Priobskoye The blocks are located in…
Russia Druzhny Project (75% Interest) During January 2012, the Company completed the acquisition of OOO VostokNefteGaz Total area of the project is 2,172 km - the biggest unexplored area in Western Siberia Druzhny 5-year…
Strategy and Valuation of Planned Programme Strategy: Complete tie-in of Yuzhno-Sardakovsky field Development drilling on both Zapadno-Novomolodezhny and Yuzhno-Sardakovsky Objective to increase reserves to circa 150 mmbbls through…
Niger (100% Interest) 4 Production Sharing Contracts (PSCs) have been approved and signed for 4 blocks (Manga 1, Manga 2, Aborak and Tnr Ouest) covering a total area of 70,950 km2 Adjacent to the blocks owned by CNPC with numerous…
Kazakhstan Alakol Project (50% Interest) The Company holds and operates a 50% interest in Alakol Project, South- Eastern Kazakhstan, total area 25,000 km The Alakol Project includes 12 drillable prospects The Alakol Basin is…
Assets Summary Range Net 2P Oil Reserves of 20.7 mmbbls TEXAS SALE (30m) GEORGIA FARM DOWN Exploration 45% Interest Gross OilInPlace (Bbbl): 2.0 GUATEMALA EQUITY INT PUNTLAND EXP FOCUS Exploration Exploration 24% Interest…
Trinidad Conventional Targets Morne Diablo Farmout Multi-horizon (5+ producing zones) projects ranging in depth from 150 ft. to 6,500 ft. Part of larger 100+ MMBO production trend associated with regional Los Bajos fault Identified…
Trinidad Unconventional Targets Waterflood Morne Diablo Farmout Successful pilot waterflood operating since December 2009 Expanded project operations expected to commence Q3 2013 Estimated 1.8 MMBO recoverable Depth 150-350 ft.…
Trinidad Wholly Owned Drilling Operation One of only a few fully integrated E&P Companies in Trinidad Six Drilling Rigs 3 shallow capability < 3,500 ft 2 medium capability < 6,500 ft 1 medium-deep capability < 10,000 ft Three…
Executive Summary Excellent project and management synergies to create a leading ASX & AIM listed oil and gas company with a strong production growth profile from the on-going development of its significant reserves and resources…
Conditions of Merger The merger proposal is intended to be made subject to the following conditions: If undertaken by way of an off-market takeover bid, minimum acceptance by International Petroleum shareholders of 51% or if undertaken…
Summary of Combined Reserves Range/ All figures in MMboe Gross Oil Reserves Net Attributable IOP's 1P 2P 3P Interest 1P 2P 3P Oil RANGE Trinidad 17.5 20.2 25.2 100% 17.5 20.2 25.2 Guatemala * 2.3* * 21-24% * 0.48-0.55* * TOTAL RANGE…
Contact Information Peter Landau - Executive Director p.landaurangeresources.com.au Anthony Eastman - Executive Director a.eastmanrangeresources.com.au
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