Building For Success Before proceeding to read further, please refer to the Disclaimer on pages 41-42 of this presentation. November 2014 1 R2
Table of Contents 1. Introduction 2. Board and Management 3. Work Programmes 4. Hibiscus Strategy 5. Planning for Success 6. Assets a) Production b) Development c) Exploration 5. Conclusion 2
Building Value Market Capitalisation: MYR 971 mil (USD 291 mil)* ZERO DEBT Ordinary Shares: 891.6 million 12 month Trading Range: MYR 0.99 MYR 2.68 Average Daily Volume: 897, 146 Free Float: 30% of shareholder base NO LONGER A…
Board of Directors 180 Zainul Rahim bin Mohd Zain (Non-Independent Non-Executive Chairman) Chairman Shell Companies Egypt and Deputy Chairman Shell Companies Malaysia Sits on the board of Petronas Carigali 160 Dr Kenneth Pereira…
Management Team Joyce Vasudevan (Chief Financial Officer) Former Head of Strategic & Operations Planning Unit at SapuraCrest Petroleum Berhad Former Head of Business Analysis & Planning Department at Carlsberg Brewery Malaysia Mark…
Achieving Scale Moving towards a 100MMbbls reserves target 2016 Mission Sharjah Offshore 2015 54.2 Post 2015 - Australia Sea Lion 6.9 - Unrisked Drilling & Norway prospective Development - PL 591 12.5 resources activities - PL…
Work Programmes NORWAY 2-9% 13 Licenses MIDDLE EAST Stake Exploration 1H 2015 Drilling Oman Block 50 22% one well (PL 591) Development Stake Exploration Q3 2015 2H 2015 Drilling Extended Well Test two wells Exploration (PL 708…
Resources and Reserves 2P + 2C Oil Reserves (MMbbls)* Prospective Resources (MMbbls)* 43.0 64.8 6.9 4.3 246.4 8.0 1,135.0 Australia - Sea Lion: 63% (Concession Operator) Australia - West Seahorse : 100%** (Concession…
Hibiscus Strategy PROSPECTIVE CONTINGENT RESOURCES RESOURCES RESERVES DECREASING RISK Highest value creation takes place in the /boe, risked exploration phase Cash-flow generated from production funds when discoveries are…
Competitive Advantage Virtual Drilling Cost effective and overlay on accelerated conventional development methodology solution Plan for Success DEVELOPMENT EXPLORATION & PRODUCTION 10
Plan for Success (Development) Planning for Success offers a compelling RISK / REWARD ratio: Planning for Success requires a very SMALL INVESTMENT The REWARD is potentially 12 18 months earlier First Oil Large Operators have…
Rex Virtual Drilling (Exploration) Conventional Seismic Interpretation Rex Virtual Drilling Interpretation Risk Category Risk Factor Conventional Rex VD Risking Principle P Trap Geometry 0.60 0.95 P Trap An advanced seismic…
Rex Technology Coverage 13
PRODUCTION 14
Kitan Oil Field Asset Name: Kitan Oil Field (JPDA 06105)* Asset Type: Production Country: Joint Petroleum Development Authority (Australia Timor Leste) Operator: ENI Acquisition Date: June 2014 Water Depth/ Size: Up to 330m/ 85 km2…
DEVELOPMENT 16
West Seahorse Field Asset Name: West Seahorse (VIC/L31) Asset Type: Development Country: Australia Operator: Hibiscus Acquisition Date: January 2013 Water Depth/ Size: Up to 150m/ 40km2 Participating Interest: 100% (Concession operator)…
Oman Story Asset Name: Oman Block 50 Asset Type: Development Country: Oman Project Manager: Hibiscus Effective Date: August 2011 Water Depth/ Size: Up to 150m/ 16,900km2 Participating Interest: 22% (through Lime) Discovery Date: March…
Oman Development Completed within 3 years as opposed to normal cycle of 3 to 5 years Early Q2 2011 2015 2016 2014 2014 Seismic acquisition/ Successful Review of processing and Multi-well License Rig oil discovery technical…
EXPLORATION 20
Sharjah Offshore Asset Name: Sharjah Offshore Asset Type: Exploration Country: United Arab Emirates Project Manager: Hibiscus Acquisition Date: June 2011 Water Depth/ Size: Up to 350 m/ 1600km2 Discovery increases GCOS and valuations…
Sea Lion Asset Name: Sea Lion (VIC/P57) Asset Type: Exploration Country: Australia Operator: Hibiscus Acquisition Date: January 2013 Water Depth/ Size: Up to 150m/ 460km2 Participating Interest: 55.1% (Concession Operator) Work…
Lime Norway 2015 Drilling Through Lime Norway, Hibiscus will be participating in the drilling of three exploration wells next year on the Norwegian Continental Shelf. PL 591 (Lime Norway Stake: 5%) Operator: Tullow Oil Norge AS Exposure…
HiRex Source: U.S. Geology Survey Report 2010 Formed in March 2013 A 41% owned joint venture between Hibiscus Petroleum Undiscovered Resources and Rex International Holdings No Basin Oil (MMBO) Gas (BCFG) Primarily focused on…
Hirex Exploration Hirex Petroleum is currently evaluating high potential assets in Cambodia and Malaysia. The company aims to acquire an equity position in at least 2 assets by the end of the year. 25
Drilling Success Hibiscus Traditional Petroleum Players Exploration success 50% 10% 15% rate of finding oil Pre-drilling costs per Under 2 million 4 million well Time required to 4 6 months 1 3 years identify prospects…
Forward Strategy Demonstrate good execution of upcoming projects including West Seahorse, Sea Lion and Sharjah Unearth full value of petroleum system discovered in Oman A Respected Independent E&P company HiRex: To deliver…
Forward Strategy 2014 2015 Stage Block A S O N D J F M A M J J A S O N D Sharjah O Exploration Sea Lion O Norway Oman Block 50 O Development West Seahorse O Production Kitan O Operator 28
New Opportunities Examples of project types being explored Development of proven resources Opportunity 1 25% interest in field located in Malaysia Acquisition of producing asset Opportunity 2 Field located in Malaysia…
Closing Comments Work Programme Experience Aggressive schedule with 3 to 5 Experienced and exploration wells in 2015. A success knowledgeable management. in any one would be transformational. Why Geopolitical invest in Growth…
Appendix 32
Capital Structure Capital Structure : 31 October 2014 Non-Independent Directors and Management hold largest block (18.8%) Price Mkt Cap (RM) Total Number RM000 Diversified shareholder base Most large shareholders are involved in or…
Petroleum Economics Increasing Commerciality Low High Undiscovered - Discovered - Prospective Contingent Discovered - High Resources Resources Reserves High Estimate 3C 3P Range of Certainty Best Estimate 2C 2P Low…
Loading...
