Shelton Petroleum Offer to the shareholders in Petrogrand March 2014 1
Shelton Petroleum overview Market capitalization fully diluted Oil and gas exploration and production SEK 330 million company founded in 2007 USD 50 million Operations in Russia and Ukraine Shares outstanding: Producing oil in…
Why invest in Shelton Petroleum Attractive risk-reward Proven oil fields, profitable oil production and large resource potential Healthy profit at current production level Positive trend in production Rustamovskoye Russia from…
Highlights Q4 2013 Daily production of over 1,000 barrels 12 well is a possible game changer Operating margin 29% 2013 Q4-2013 Q3-2013 Q2-2013 Q1-2013 2012 2010 2009 2008 2007 Production, barrels 248 870 92 060 57 700 52 360 46…
Barrels per day 6 0 200 400 600 800 1,000 1,200 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Positive trend in oil production Q2-2012 Q3-2012 Q4-2012 stream Q1-2013…
Prioritized objectives Increase production Development of Rustamovskoye Work program on Lelyaki Create value in offshore assets Offshore gas exploration in Ukraine Seize expansion opportunities Strong network and local…
Shelton Petroleum in Ukraine Joint venture with Ukrnafta, onshore in Ukraine Previously one of the largest producing onshore fields in Soviet Union Current field production is 800 bopd, of which Shelton Petroleum has a 45% working…
Recent developments in Ukraine Political unrest that started with EU rallies and demonstrations for modernization of Ukraine Complex historic and political situation in Crimea Shelton has partnerships with Ukrnafta and…
Highlights Bashkiria, Russia Combination of proven oil The most recent well 12 and exploration upside is a possible game changer Significant increase in reserves expected in next Investing to increase reserves report production…
The latest 12 well is a possible game changer New findings 1 Higher initial production than 11 previous wells 2 Significantly higher net pay 12 Extension of the known oil column Positive implications Larger reserves Improved…
Record flow rate from 12 well Well 11 Well 12 Net pay 2.8 meters Net pay 8.9 meters Significantly higher net pay compared to previous wells Extended known oil column from 35 to 48 meters Current production in 12 is over 300…
Future drillings to target thicker net pay Drill new production wells with 1m new focus towards south-east 3m Target thickening sands 3m 9m Horizontal wells with superior well economics Reservoir studies and well designs are…
Horizontal drillings increase well productivity and profitability (mbbl) Total well output Horizontal: 1.2 million barrels Vertical: 0.65 million barrels (mbbl) (mbbl) (mbbl) = thousand barrels Source: Oil services…
Keys to value creation in Bashkiria Drilling of new wells on Rustamovskoye Repeating the results from well 12 Increased reserves and resources at next reserves update New oil facilities will improve efficiency from wellhead to…
Erbjudande till aktiegarna i Petrogrand 17
Erbjudande till aktiegarna i Petrogrand Fr varje aktie i Petrogrand erhlls 0,34 aktier i Shelton (hjt frn 0,30 aktier) Villkorad av 50% acceptans Premie p 53% baserat p kurserna en mnad fr budet Premie p 57% baserat p kursen dagen…
Petrogrand rekommenderar inte budet, men vrderingsrapporten utelmnar viktig information Vrderingsrapport Kommentar Baserat p reservrapport frn 2009 Beaktar drmed inte de goda borresultaten frn brunn 12 Rknar med 1 miljon fat i reserver…
Vad tyckte Petrogrand tidigare Robert, I dont think you understand how great these results are. James Smith till Robert Karlsson efter att ha tagit del av resultaten frn brunn 12 p Rustamovskoye Framfrt under en lunch i Moskva…
Vad tyckte Petrogrand tidigare - Rapport frn Petrogrand frfattad av James Smith 13 september 2014 The well results are extremely encouraging Sheltons faktiska flden vertrffar Petrogrands optimistiska scenario 21
Vad tyckte Petrogrand tidigare - Rapport frn Petrogrand frfattad av James Smith 13 september 2014 Ny brunn kan ka reserverna frn 7 till 37-44 miljoner fat (att jmfras med 1 miljon fat i Petrogrands 22 egna vrderingsrapport fr…
P vilka ytor har Petrogrand berknat reserverna Reserver enligt Petrogrands fairness opinion. 750 meter runt brunn 1 och 2 Ny tolkning baserad 1 p brunn 12 11 2 12 Areas used for AGR TRACS reserve assessment 2009 1P=0.8…
Komplex geologi men enkel matematik Utvinningsbara reserver Rustamovskoye Antal fat = TRACS 2P Brunn 12 Yta*reservoartjocklek*porositet*oljemttnad* Sep 2009 sep 2013 utvinningsgrad*FVF*6.3 Yta km2 2,6 20 Porositet 17 % 15-20 %…
Hur ska reserver vrderas AGR TRACS REPORT ON RUSTAMOVSKOYE 2009 Discounted Dicounted Dicounted Barrels value 5% USD/barrel value 10% USD/barrel value 15% USD/barrel Proved 750 000 10 13 8 10 6 8 Probable 690 000 9 13 7 10 5 8…
Petrogrands finansiella utveckling ver 300 miljoner kronor i rrelsefrlust de senaste fyra ren rliga administrationskostnader p cirka 30 miljoner kronor 188 miljoner kronor investerade i misslyckade oljeprojekt 300 miljoner kronor…
Aktiegarna i Petrogrand har tv alternativ Driva Petrogrand vidare Anta Sheltons erbjudande Fortsatt implementering av affrsplanen Omedelbar uppvrdering frn Investeringar och borrningar i Ryssland nuvarande rabatt p kassan (Sheltons…
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