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Investor Presentation – Ivanhoe Energy, Inc.

Ivanhoe Energy, Inc. · Jan 29, 2014 · 26 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. Investor Presentation – Ivanhoe Energy, Inc. – slide 1
    A New Look at Heavy Oil By: Carlos A. Cabrera Date: January 29, 2014 2013 Ivanhoe Energy All rights reserved
  2. Investor Presentation – Ivanhoe Energy, Inc. – slide 2
    Ivanhoe Energy Presentation 3
  3. Investor Presentation – Ivanhoe Energy, Inc. – slide 3
    Proprietary Heavy Oil Upgrading Process Heavy-to-Light (HTL) Ivanhoe Presentation Ivanhoe Energy Energy Presentation 4
  4. Investor Presentation – Ivanhoe Energy, Inc. – slide 4
    Crude Oil Demand & Supply Historic and Projected Global Crude Oil Demand Total Global Forecasted Growth Crude Demand 89 MMbbls/d 90,000 Brazil Offshore Deepwater Tight Oil Outside of North America 80,000 Tight Oil from North…
  5. Investor Presentation – Ivanhoe Energy, Inc. – slide 5
    Heavy Crude Oil Demand & Supply Historic and Projected Global Crude Oil Demand 16,000 14,000 7 million bpd of new heavy oil 12,000 development needed to satisfy future thousand barrels per day 10,000 demand Heavy Oil…
  6. Investor Presentation – Ivanhoe Energy, Inc. – slide 6
    Sources of Heavy Crude Oil Constrained by production technology or cost limits: 1.0 trillion bbls In politically or geographically unfavorable locations: 0.4 trillion bbls Higher quality heavy oil which is more easily…
  7. Investor Presentation – Ivanhoe Energy, Inc. – slide 7
    HTL Heavy Crude Opportunities: Target Resources by Region Denotes total resource potential for HTL application Countries whose economic returns on planned growth can be enhanced using HTL Countries whose stranded resources can be…
  8. Investor Presentation – Ivanhoe Energy, Inc. – slide 8
    HTL Heavy Crude Opportunities: Focus on Latin America Mexico, key issues: Delayed resource development production decline: 2,600 mbpd in 2004 to 1,400 mpbd in 2013 Heavy resources are 16 API or less, but exported as 21 API Maya…
  9. Investor Presentation – Ivanhoe Energy, Inc. – slide 9
    HTL Enables Heavy Production Growth in LA: Removing Production & Transportation Constraints Heavy crude oil extracted from Ecopetrol's San Fernando T2 formation in Colombia was successfully upgraded from high viscosity 7 oAPI crude…
  10. Investor Presentation – Ivanhoe Energy, Inc. – slide 10
    Economic Challenges Facing the Traditional Heavy Oil Supply Chain Heavy Oil Production Costs Blending and Transportation Market Value of 20 API Blend Large energy requirement to Diluent value losses Blend sells at a significant…
  11. Investor Presentation – Ivanhoe Energy, Inc. – slide 11
    A Paradigm Shift for Upgrading Heavy Oil Upgrading Today Upgrading Tomorrow Ivanhoe Energy Presentation 12
  12. Investor Presentation – Ivanhoe Energy, Inc. – slide 12
    HTL: a Partial Upgrading Process Ready for Commercial Deployment Low Complexity Economical Construction Low Capital Modular & Smaller footprint Operating Cost Coke + Gas Byproducts High Yield of Stable, Lighter,…
  13. Investor Presentation – Ivanhoe Energy, Inc. – slide 13
    Partial Upgrading vs Full Upgrading Lower Cost HTL costs are significantly less than those of traditional upgrading 180,000 160,000 140,000 Western Canada / bbl capacity, 120,000 cost basis 100,000 Delayed Coking…
  14. Investor Presentation – Ivanhoe Energy, Inc. – slide 14
    Comparing HTL SCO quality against other crudes Increasing Market Value 72/bbl 86/bbl 95/bbl 94-98/bbl 100/bbl 102/bbl Crude Oil Fractions, volume % 100 Naphtha 90 Kerosene 80 70 Distillate 60 50 40 VGO 30 20 10 Resid…
  15. Investor Presentation – Ivanhoe Energy, Inc. – slide 15
    HTL Materially Increases Netbacks 67% Increase 38/bbl 46/bbl Traditional Netback Operating Costs: Op Costs Dilute and Diluent Value Loss, Transportation, Ship Model Production Opex, Energy Usage 84/bbl Bitumen (16/bbl…
  16. Investor Presentation – Ivanhoe Energy, Inc. – slide 16
    Commercializing HTL: Business Models Field Integrated Model eg. Tamarack, Block 20 Midstream Model Projects in development Ivanhoe Energy Presentation 17
  17. Investor Presentation – Ivanhoe Energy, Inc. – slide 17
    The Oil Sands IvanhoePresentation Ivanhoe Energy Energy Presentation 18 18
  18. Investor Presentation – Ivanhoe Energy, Inc. – slide 18
    Tamarack Project 100% working interest 7,520 acre lease Recoverable Potential - 520 MMBO valued at 1.8 billion 2P Reserves 175.7 mmbbls* PV10% (before tax) 885 million* Top tier reservoir quality using SAGD In December the…
  19. Investor Presentation – Ivanhoe Energy, Inc. – slide 19
    Tamarack: Reserves & Resources Summary (GLJ December 31, 2012) Reserve Summary 600 PV 10 before Tax (US MM) 520.7 500 440.6 Recoverable (MMbbl) 400 345.0 300 Probable 897 885 175.7 Contingent (P50) 200 Possible…
  20. Investor Presentation – Ivanhoe Energy, Inc. – slide 20
    International Oil Development - Ecuador IvanhoePresentation Ivanhoe Energy Energy Presentation 21 21
  21. Investor Presentation – Ivanhoe Energy, Inc. – slide 21
    Ecuador: Block 20 Discovered in the 1980s, Block 20 encompasses 272,500 acres Close proximity to the Andes means geologic faulting is prevalent. The potential to discover commercial quantities of oil within the Block is high.…
  22. Investor Presentation – Ivanhoe Energy, Inc. – slide 22
    Ecuador: Block 20 Ivanhoe currently holds a 30 year Specific Services Contract with the Ecuadorian Government Contracted to develop the heavy oil using HTL with an additional right to produce discovered light oil Contract service…
  23. Investor Presentation – Ivanhoe Energy, Inc. – slide 23
    The Future is Bright for Ivanhoe Energy Filling the supply gap of crude oil demands fresh, innovative approaches to improve efficiencies in production, transportation and conversion. Ivanhoe Energy Presentation 24 Ivanhoe Energy…
  24. Investor Presentation – Ivanhoe Energy, Inc. – slide 24
    Appendix IvanhoePresentation Ivanhoe Energy Energy Presentation 25 25
  25. Investor Presentation – Ivanhoe Energy, Inc. – slide 25
    Financial Summary at January 22, 2014 Stock Exchange Listings: TSX (IE) & NASDAQ (IVAN) Shares Outstanding: 115 million Fully Diluted 131 million Market Capitalization Cdn67.7 million Enterprise Value Cdn104.2 million Net…
  26. Investor Presentation – Ivanhoe Energy, Inc. – slide 26
    Projected Heavy Crude Production Rates (thousands of barrels per day) 4,500 thousands of barrels per day 4,000 3,500 3,000 2,500 2014 2030 2,000 1,500 1,000 500 0 HTL could prevent production HTL can improve economic…

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