PETRONEFT RESOURCES PLC Oil Barrel Presentation, 2 December 2014
COMPANY OVERVIEW Overview Work Programme Production Exploration Established in 2005 to Drilling recommenced in Currently producing from Strong Reserve Base with build a diversified E&P late August two oil fields material P3/P4 to 2P…
TOMSK OBLAST PetroNeft Licence 61 Acquired State Auction 2004 50% ownership/operator 4,991 sq km PetroNeft Licence 67 Acquired State Auction 2010 50% ownership/operator 2,447 sq km PetroNeft Rosneft Tomskneft Gazprom…
LICENCE 61 Farmout of 50% to Oil Limited Limited
MAJOR COMMITTED WORK PROGRAMME The Licence 61 Farmout Total investment by Oil India of up to US 85 million US 35 million upfront cash payment received US 45 million of exploration and development expenditure on Licence 61. Supports…
DEVELOPMENT SCHEDULE FORECAST Tungolskoye No. 5 Exp 1 rig Vertical pilot followed by 300 m horizontal Arbuzovskoye Pad 1 Dev 1 rig 3 to 5 wells depending upon results Tungolskoye Pad 1 26 kms to Lineynoye Central Processing…
LICENCE 61
LICENCE 61 OIL FIELDS AND PROSPECTS Map ref. Field/Prospect Horizon(s) Map of Fields and Prospects Oil Fields 1 Lineynoye Oil Field UJ 2 Tungolskoye Oil Field UJ Initial Focus on 3 West Lineynoye Oil Field UJ Northern Area 4…
LICENCE 61 NORTHERN INFRASTRUCTURE E-303 Emtorskaya High L-5 NV-1 L-3 212 L-7 211 L-10 L-8 L-9 Lineynoye Oil Field NV-2 Arbuzovskoye Oil L-1 Field Lineynoye Central Processing Facility - 2010 L-6 L-4 A-1 Design…
ALL MAJOR INFRASTRUCTURE IN PLACE 10
ARBUZOVSKOYE PAD 1 THE KIT Test Separator W.Inj. Manifold Transformers Drilling Camp Living Quarters & Canteen Well Test Water Separator Injection Manifold 11
ARBUZOVSKOYE PROPOSED DRILLING SEQUENCE Base Bazhenov Map Arbuzovkoye Pad 1 - Drilling Sequence contour interval 10 m Initial 6 wells on Pad 1 (shown in red) were located to better define the stratigraphy and structure of the field B…
TUNGOLSKOYE NO. 5 Typical Exploration Drilling Rig URALMASH BU 3D 76 13
TUNGOLSKOYE DEVELOPMENT 2012/2013 programme: T -2 TGK re-processing and re-evaluation of well and seismic data Significant portion of structure updip from T-1 and T-4 wells which had over 10 m net pay 2014 programme: Q1 mobilise…
TUNGOLSKOYE NO. 5 DELINEATION WELL North 1 km Line 90.07.13 South Projected surface location +/- 850 m north T-1 TWT T-2 Tungolskoye mSec No. 5 1800 2 km Base Bazhenov 1900 owc -2,526 m tvd 2000 Tungolskoye No. 5…
TUNGOLSKOYE POTENTIAL DEVELOPMENT OPTION Risk Mitigation Tungolskoye Development Well Types Net Pay for Pad 1 Tungolskoye 7 Confirm structure Horizontal wells (6 + T-5) and reservoir Development 12.0 with Well Types T-5 Net…
SIBKRAYEVSKOYE OIL FIELD OVERVIEW 50 million bbls plus expected on-stream 2016 Three wells were drilled to date: S-371 Well 372 (2011) twinned well 370 was Sibkrayevskoye drilled by PetroNeft Well confirms 12.3 m of missed pay Proposed…
SIBKRAYEVSKOYE NO. 373 DELINEATION WELL Seismic Line 06-05 Sibkrayevskoye is very large high amplitude structure Sibkrayevskoye Sibkrayevskoye 5 km No 373 No 371 SW Line 06-05 Line 90-14 NE 1600 Base Bazhenov Seismic…
EMTORSKAYA HIGH 0 1 2 3 4 5 6 km Emtorskaya 304 - Proposed Crestal high -2,315 m J11 Base Bazhenov Horizon Structure Map 65 m high to Lineynoye Crest contour interval 10 m E-304 Emtorskaya 300 - Reinterpretation E-300 J11 1.0 m…
EMTORSKAYA HIGH South Lineynoye Oil Field Emtorskaya High North L-6 211 212 E-303 Proposed E-304 Base Bazhenov Seismic Horizon Log reevaluation Two Way Time in Milliseconds J11 Spill Point confirms missed pay -2,422 m tvd…
NORTHERN AREA SEISMIC AQUISITION 00 1 2 3 44 5 60 km 1 82 3 4 5 12km 0 1 2 3 4 56 km 6 km Base Bazhenov Base Bazhenov Horizon Structure Map Horizon Structure Base Bazhenov Horizon Map Structure Map contour interval 10 m contour…
LICENCE 67
LICENCE 67 (LEDOVY) MOL Group Licence 55 Recent discovery on Verkhne- Laryegan structure located just east of North Ledovoye field Ledovy Block Structures and Traps 6 extends into Licence 67 2 Oil Fields and Oil Tests 15 7…
LICENCE 67 - 3D SEISMIC 2014 Major Activities 2014 Base Bazhenov Horizon Ledovoye 3D Seismic 3D Seismic 61.68 sq km 61.68 sq km Cheremshanskoye 3D Seismic 95.16 sq km Ledovoye Acquisition primarily Q1 2014 PITC Geofizika…
INVESTMENT HIGHLIGHTS 25
INVESTMENT HIGHLIGHTS Summary Experienced and motivated management with strong local relationships Strong Reserve Growth; very significant reserve additions from exploration to date particularly Sibkrayevskoye, more prospects still…
CORPORATE INFORMATION Share Capital * Trading details Ordinary Shares in issue: 707,245,906 Exchanges: AIM Market (London Stock Exchange) Share options outstanding: 17,696,750 ESM Market (Irish Stock Exchange) Warrants outstanding:…
BOARD OF DIRECTORS G. David Golder Non-Executive Chairman 34 years industry experience with Marathon Oil Company, Sakhalin Energy and others Dennis C. Francis Chief Executive Officer and co-founder Headed Marathons Business…
EXPERIENCED MANAGEMENT TEAM Karl Johnson (Houston) Vice President of Business Development and Operations 30 years experience in oil and gas business internationally including Russia Formerly with Marathon Oil Alexey Balyasnikov…
Contacts: Dennis Francis Paul Dowling CEO CFO +1 713 9882500 +353 1 6470280 dcfrancispetroneft.com pdowlingpetroneft.com 30
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