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OILBARREL PRESENTATION – Energen Corp.

Energen Corp. · Sep 1, 2014 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. OILBARREL PRESENTATION – Energen Corp. – slide 1
    The success story of Prinos - The reopening of the Greek E&P sector Oilbarrel presentation, September 2014
  2. OILBARREL PRESENTATION – Energen Corp. – slide 2
    Agenda 1. Energean - The turnaround of Prinos & New Investment Plan 2. The opening of the E&P sector in Greece 3. Opportunities in the East Med & the role of Energean as a regional champion
  3. OILBARREL PRESENTATION – Energen Corp. – slide 3
    Energean at a glance 3
  4. OILBARREL PRESENTATION – Energen Corp. – slide 4
    Introducing Energean Private E&P company focused on the Mediterranean and North Africa with a strong track record as an offshore operator with a balanced portfolio of assets aiming to become a leading independent in the East Med 4
  5. OILBARREL PRESENTATION – Energen Corp. – slide 5
    The only operator in Greece Stable cashflow from existing production with solid development plan of 30 mmbbls of 2P Reserves Production history of over 30 years from the Prinos basin offshore NE Greece Current production 1,800…
  6. OILBARREL PRESENTATION – Energen Corp. – slide 6
    Upside potential Growth potential from conversion of 28 mmbbls of 2C Contingent Resources to reserves & EOR Exploration upside Planned new 3D in Prinos Operator of 2 new blocks in Western Greece One of three bidders in recent…
  7. OILBARREL PRESENTATION – Energen Corp. – slide 7
    Focus East Med North Africa Montenegro 8 1 1 Prinos 1 2 3 1 Prinos North 2 Epsilon 4 3 Ioannina Greece 4 Katakolon 7 5 West KomOmbo Israel 6 East Magawish Egypt 7 Sara & Myra Production & Infill drilling 6 Development…
  8. OILBARREL PRESENTATION – Energen Corp. – slide 8
    Board of Directors Mathios Rigas Chairman & Stathis Topouzoglou Panos Benos Chief Executive Officer Director Chief Financial Officer David Bonanno Scott Leslie Director Director 8
  9. OILBARREL PRESENTATION – Energen Corp. – slide 9
    Senior Management Andrew Grosse Steve Moore Costas Ioannidis Exploration Director Technical Director Operations Manager 34 years of experience 28 years of experience 33 years of experience NAPC Henry B. David Ed Chambers…
  10. OILBARREL PRESENTATION – Energen Corp. – slide 10
    The Turnaround of Prinos 30 30 24 25 20 17 mmbbls 15 11 10 7 5 5 2 0 2008 2009 2010 2011 2012 2013 2014 Prinos Prinos North Epsilon ERD Prinos 5000 Prinos North ERD Epsilon FDP New Drilling Campaign 2009 Energy…
  11. OILBARREL PRESENTATION – Energen Corp. – slide 11
    Prinos Basin assets Location Reserves & Resource Overview(1) Significant scope for extracting 27.5 57.8 additional production through extended use of EOR techniques 18 3.4 30.3 16.3 36.4 30.3 1P 2P 2C Total Prinos…
  12. OILBARREL PRESENTATION – Energen Corp. – slide 12
    Operational Overview Onshore Infrastructure Sigma Processing Plant Strategic geographic position in the Northeast Aegean in close proximity to all major planned gas and oil pipelines as well as access to the sea Connected to the…
  13. OILBARREL PRESENTATION – Energen Corp. – slide 13
    Low Risk Development Plan Development Plan Overview Energean Force 1. Prinos: 7 Infill wells (sidetracks of existing wells) 2. Prinos North: Installation of Self Installing Floating Platform (SIFT) One vertical production well 3.…
  14. OILBARREL PRESENTATION – Energen Corp. – slide 14
    Quarterly Capex and Production Overview Quarterly Capex (real) 40 35 Total Capex: US222mn 32 30 30 25 25 25 25 25 USmn 20 15 15 15 15 10 5 5 5 5 - Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17…
  15. OILBARREL PRESENTATION – Energen Corp. – slide 15
    The opening of the E&P sector in Greece 15
  16. OILBARREL PRESENTATION – Energen Corp. – slide 16
    Herodotus, 480 b.C. Herodotus History 4.195.5: It is good to know that I personally have seen the tar they refer to on the lake and the waters of Zakynthos island. ()They let down a pole into this lake, with a myrtle branch fastened…
  17. OILBARREL PRESENTATION – Energen Corp. – slide 17
    Oil Seeps in Ioannina 17
  18. OILBARREL PRESENTATION – Energen Corp. – slide 18
    Hydrocarbon Prospective Basins, Occurrences and Infrastructure in Greece Thermaikos - Epanomi Eastern Thrace Basins Basin Grevena Basin Prinos - West Thassos Basin Western Greece Basins Energean holds 100% of the only…
  19. OILBARREL PRESENTATION – Energen Corp. – slide 19
    3 New Blocks ratified by Parliament: September 18th, 2014 IOANNINA PATRAIKOS KATAKOLON 19
  20. OILBARREL PRESENTATION – Energen Corp. – slide 20
    Greece, Ioannina block Previously licensed by Enterprise relinquished after takeover by Shell Operator (80%) Large under explored onshore block, area 4,187km2 Good evidence for working source rock good HC shows and seeps Working…
  21. OILBARREL PRESENTATION – Energen Corp. – slide 21
    Greece, Katakolon block 545km2 offshore / onshore W.KAT1 (+1A) well (1981) tested gas and condensate in Operator (60%) fractured Eocene and older carbonates W.KAT2 well (1982) tested oil from 2 zones with flow rates 1,2001,400…
  22. OILBARREL PRESENTATION – Energen Corp. – slide 22
    2014 Western Greece 3 New Onshore Blocks on Offer ARTA-PREVEZA AITOLO-AKARNANIA Timetable EU Gazette October 2014 NW PELOPONNESE 90 days for Submission of offers
  23. OILBARREL PRESENTATION – Energen Corp. – slide 23
    2014/2016 Greece Mega Project PGS 2D Multi Client Survey Entire area 12,519 km Northern Area 7,852 km Southern Area 8,554 km Timetable EU Gazette October 2014 180 days for Submission of offers 23
  24. OILBARREL PRESENTATION – Energen Corp. – slide 24
    Exploring a New Area in the East Med The Mesozoic productive basin in Albania known as the Ionian Zone continues south into Western Greece, where it is under explored Rospo Mare 1975 100 MMBO / 1 TCF JJ-3 Chevron; Oil DST…
  25. OILBARREL PRESENTATION – Energen Corp. – slide 25
    One of three bidders in Montenegro 13 whole or partial Blocks Whole Blocks are 16.5 km (E-W) by 18.5 km (N-S) 305 km2 Total Area approx 4,000 km2 60% of the offshore Blocks applied by Energean 25
  26. OILBARREL PRESENTATION – Energen Corp. – slide 26
    Deep Water Operator in Israel - Sara & Myra Energean farm-in operator 25% WI Ratio farm in 25% Partners Modiin, IPC, IDB, Emanuelle, Oil Commissioner recommended approval of Farm In - September 18, 2014 Oligo / Eocene DW turbidite…
  27. OILBARREL PRESENTATION – Energen Corp. – slide 27
    OceanEnergean: a JV with Ocean Rig for DeepWater operations 50% 50% OceanEnergean Oil & Gas Ltd. 27
  28. OILBARREL PRESENTATION – Energen Corp. – slide 28
    Energean emerging as a regional champion 28
  29. OILBARREL PRESENTATION – Energen Corp. – slide 29
    HSE30 Years of offshore operations in environmentally sensitive areas 29
  30. OILBARREL PRESENTATION – Energen Corp. – slide 30
    CSR - Local relationships allow us to operate Kavala Special Education High School- P.E and Food supplies for 55 families, Kavala, May Donation for 100 vaccines for preschoolers, educational equipment, April 2014 2014 Kavala, May…
  31. OILBARREL PRESENTATION – Energen Corp. – slide 31
    Energean emerging as a regional champion 30 years of production experience Solid cashflow from existing production Security of cash flow underpinned by 6-year offtake agreement in a stable EU environment with attractive fiscal…
  32. OILBARREL PRESENTATION – Energen Corp. – slide 32
    www.energean.com Head Offices Athens -Greece Kavala - Greece United Kingdom Cyprus Egypt 32, Kifissias Ave. 64006 Nea Karvali 7B Abbey Road, 36, Vyronos Building 1 Atrina Center, 17th floor P.O Box 8, Kavala NW8 9AA London 1506…

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