LEGAL DISCLAIMERS Readers are urged to review the legal disclaimers found at the end of this presentation.
CYGAM HAS. Diverse portfolio of assets in two focus countries : -Tunisia :exploration, development, production -Italy : exploration, appraisal Growing reserves, production and cashflow from the TT Field in Tunisia with 2013…
OVERVIEW Listed on the Toronto Venture Exchange (CYG.V) 113.8 million shares outstanding (125.0 million FD) Market capitalization at 0.14/share : 16.0 million (1) 1Q13 results: Gross TT Field production: 3,051 bopd Working…
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…
TUNISIA : COUNTRY FACTS 2012 Production 66,000 bopd and 275 MMscf/d (1) Proved reserves 425 million bbls and 2.3 TCF (2) Net energy importer Oil pricing referenced off Brent Gas export pipeline to Sicily and European grid Gas…
TUNISIA : PERMITS Sud Tozeur (100%) Sud Remada (14%) Exploration Exploration Expiry May 2014 Expiry Sept 2016 plus four year extension available Area : 4,380 km2 (1,083,000 acres) Area : 3,164 km2 (782,000 acres) Commitments : One deep…
BBT CONCESSION : TT FIELD CYGAM 14% 42o 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) : 10.7 MMB (pre ETAP) CYGAM net 2P reserves (1)(3)…
BBT CONCESSION : TT FIELD CYGAM 14% DPIIP increased by 31% since end 2011 42o API oil: Brent pricing reserves 2P Reservoir depthby increased : 1300-1500 mTVD Field 48% since area (1) : end 2011 based 52 km2 44% on of DPIIP…
TT FIELD : DEVELOPMENT CYGAM 14% TT11 TT13 TT16 TT10 1 km2 TT12 Depth map on near top reservoir Limited area of field developed to date (about one third); material further development potential with 30-50+ well…
TT FIELD : PRODUCTION HISTORY CYGAM net after ETAP (1), barrels per day Gross 2012 Production : 1,024,000 bbls Cygam net, post ETAP : 89,762 bbls (1) CYGAM net equals Gross Production x 14% x 62.5% (62.5% represents CYGAMs current…
TT FIELD : PLANNED 2013 PROGRAM CYGAM 14% Installation of Early Production Facilities (infield pipelines, central tank farm) expected to result in significant reduction of opex in future years Two development wells (TT12 and TT21)…
SUD REMADA : 2013 EXPLORATION CYGAM 14% Exploration well on the El Bel structure (similar size and same play as the TT Field) El Bel-1 spudded June El Bel 6, 2013 and reached TT Field Prospect TD of 1374m on June 18.…
TUNISIA : SUD TOZEUR CYGAM 100% Large underexplored permit; 4,380 km2 Adjacent to producing fields, infrastructure with spare capacity (1) El Franig Field (El Franig , peak year production : 2200 bopd, 11 MMscfg/d) Sabria Field…
TUNISIA : BAZMA CYGAM 100% Large underexplored permit; 1,293 km2 Adjacent to producing fields, infrastructure with spare capacity(1) Conventional and unconventional (shale gas) resource potential Conventional potential (2) :…
TUNISIA : UNCONVENTIONAL CYGAM 100% Area of potential unconventional shale gas play World class hydrocarbon source rocks with high organic content (1) (average TOC 3%, up to 15%) Expected to be regionally extensive Possible…
ITALY : COUNTRY FACTS 2012 Production 237,000 boepd (97,000 bopd and 0.84 bcf/d) (1) 2P remaining reserves 2.04 billion boe and 9.3 TCF (1) 3rd largest European gas market 4th largest European producer of crude oil and gas Highly…
ITALY : EXPLORATION LICENCES Onshore Offshore Montalbano (43%) B.R268.RG (30%) Exploration Exploration Vidolasco Scarpizzolo Licence suspended Extension pending Area : 165 km2 Area : 127 km2 San Patrizio Posta Nuova (100%) C.R148.VG…
ITALY : B.R268.RG (Elsa discovery) CYGAM 30% (post farmout) Licence area 126.7 km2 2010 moratorium lifted August 2012 Original licence requires B.R268.RG extension : discussions with Elsa Structure 15 km2 ELSA-1 Best Estimate…
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…
RESERVES & RESOURCES TT Field : Volumes and values at end 2012 Net Remaining After Tax NPV10 per NPV10 per Volumes(1,2) NPV10 (1) basic share diluted share TT Field : Category (Mbbls) (MM) (113.8 MM) (125.0 MM) Proved 430.2 14.4…
PORTFOLIO Field, Discoveries, Exploration Risked Resource (net Potential Risked InSite 3P Resources Geological Commercial Resources MMboe) by Permit CYGAM Reserves (1) (net Mean Chance of Chance of (net Asset W.I. Target (net…
VALUATION NPV10 per fully diluted share (125 million shares) Current share price (0.14 on June 18, 2013) (1) TT Field : 2P and 3P Field values and Best Estimate Contingent Resources (2C) after InSite, Dec 2012 (2) Elsa risked…
VALUATION Cashflow multiple comparisons (1) (1) Ratio based on current share price (at June 18, 2013) versus 2012 cashflow from public sources Cashflow is a non IFRS measure and comprises cash flow from operating activities before…
SUMMARY Undervalued on NAV and cashflow multiple measures Growing reserves, production and cashflow Development upside and value in TT Field Funded for 2013 TT Field development program Material exploration/appraisal potential…
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…
RESERVE & RESOURCE DEFINITIONS (1) 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,…
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