Highlights Gross production capability approx. 5,200* bpd (2,600 bpd net) Crude oil price realizations close to Brent prices Low historical cost structure provides strong netbacks and earnings Low risk development potential Large…
Market Information Listing and Symbol: TSX Toronto CVI.a Total Shares outstanding: 77.9 mm* Management & Directors: 25.5% 2013 Avg. daily trading volume: 45,000 Trading Range 2013: Cdn 1.38 Cdn 2.17 * April 2014 May 2014
2013 Producing Reserves by Field Proved developed producing (PDP) Gross Hiswah 69% PDP Technical Reserves (9 mmbbl) Ras Nowmah 19% Hiswah Al Roidhat 12% - 1,077 Ras Nowmah 1,758 PDP PV10 (AT) US 100 mm (gross) 6,361 Al…
2013 2P Reserves by Field Proved plus probable reserves (2P) Gross 2P Technical Reserves Hiswah 62% (51 mmbbl) Ras Nowmah 16% Hiswah Al Roidhat 19% 1,242 Ras Nowmah 9,821 Other 3% 8,307 32,021 Al Roidhat 2P PV10 (AT) US…
Hiswah Field Reserves Hiswah (Saar / Naifa) Proved plus probable (per independent reserve report - gross) Proved (1P) Proved plus Probable (2P) plus possible (3P) Discovered Petroleum Initially in Place (MMb) 228.4 229.4 233.1…
Ras Nowmah Field Reserves Ras Nowmah Proved plus probable (per independent reserve report - gross) Proved (1P) Proved plus Probable (2P) plus possible (3P) Discovered Petroleum Initially in Place (MMb) 21.8 21.8 25.1 Estimated…
Al Roidhat Field Reserves Al Roidhat Proved plus probable (per independent reserve report - gross) Proved (1P) Proved plus Probable (2P) plus possible (3P) Discovered Petroleum Initially in Place (MMb) 62 62 62 Estimated…
Ras Nowmah South Field Reserves Ras Nowmah South Proved plus probable (per independent reserve report - gross) Proved (1P) Proved plus Probable (2P) plus possible (3P) Discovered Petroleum Initially in Place (MMb) 6.1 6.1 6.1…
Net Asset Value US per share NAV (Dec 2013) PV10 (2P) AT 4.50 4.00 3.50 3.00 2.50 2.80 Reserves 2.00 1.54 Working Capital 1.50 0.64 1.00 0.50 1.11 1.11 1.11 0.00 PDP TP 2P May 2014
Operations YEMEN BLOCK 9 May 2014
Discoveries and Prospects Yemen Block 9 Commercial Discoveries: Hiswah (producing) Al Roidhat (producing) Ras Nowmah (producing) Ras Nowmah South (producing) Auqban (produced in past) Technical Discoveries: Malik (Multi zone) Al…
Significant Seismic Coverage Current Seismic Coverage: 3,700 km of 2D seismic data Good coverage in the wadi Limited coverage over the plateau 63 km2 of 3D seismic data Hiswah Field May 2014
Infrastructure Facilities and Transportation - Yemen Central Processing Facility: Complete and fully operational (capacity of 15,000 bbl/d expandable to 60,000 bbl/d) 55,000 bbl crude oil storage capacity Transportation and…
Low Risk Development Upside Hiswah Field (36 API oil) 33 producing wells drilled: 25 wells producing Pressure Maintenance Program: Water Injection: current injection 6,000 bwpd; to increase to 20,000+ bwpd Gas Injection: currently…
Hiswah Field Reservoir Saar/Naifa Carbonates Discovered petroleum 229 mmbo Sweet crude 36o API Daily Production (Dec 2013) 3,000 bopd Wells will be drilled as horizontal injectors to aid full field pressure maintenance and…
Al Roidhat Field Discovered petroleum 62 mmbo 15 degree Sweet Crude Daily Production (Dec 2013) 750 bopd Current plan includes 5 vertical producers to be drilled in Al Rhoidat. Reservoir quality is excellent Wells will be…
Ras Nowmah Field Discovered petroleum 22 mmbo 29 degree API Sweet Crude 35m oil column in the Qishn Sands (S1+S2+S3) Excellent reservoir quality Daily Production (Dec 2013) 1,350 bopd Current plans include two development wells…
Ras Nowmah South Field OWC in S2= 235m SS Daily Production (Dec 2013) 100 bopd (RNS-1) RNS-2 was drilled in 2013 and has been completed and placed on production in April 2014 OWC seen RNS-2 current production in RNS-2 approx.…
Auqban Field Discovered petroleum -6 mmbo Pay in the limestones of the Shuqra formation (9m) and sands in the Kohlan (2m) formation Initial test rates up 414 bopd Good quality crude 38o API Well shut in due to wax and paraffin…
Qarn Qaymah Field Two Discoveries on the Structure (34 sq.km) Kohlan Sandstone Reservoir 12 meters of blanket sand over an area covering more than 34 km2 Tested gas condensate in both QQ-1 and QQ-2 wells QQ-1: 10 mmcf/d and 657…
Facility Projects Hiswah Field Pressure Maintenance Ras Nowmah Field Water Separation Al Roidhat Field Water Separation Inter-field fluid pipeline May 2014
Exploration Potential Block 9 Potential by Stratigraphic Horizon Drill Ready Prospects green star Rashedah Gadafir Lokhaymer Saghira Ras Noor South May 2014
2D Seismic Program Current Program approx. 1,000 km Proposed seismic lines shown in red (3D in green) The 2D seismic will target structures that have been mapped but need more seismic control to de-risk prospects Note: Layout…
3D Seismic Program The fully migrated image area is approximately 18 km x 18 km = 330 sq. km The 3D is designed to cover the Qarn Qaymah area which has flowed oil, gas and condensate to the surface in the QQ-1 and QQ- 2 wells The…
Barriers to Growth - Yemen Service company availability Logistics and planning Equipment availability Approvals May 2014
2014 Plans Resolve current barriers to growth in Yemen Implement low risk field development plans Develop infrastructure to handle increased production Seismic acquisition program Identify diversification opportunities May…
Summary High netback crude oil Organic growth potential Strong balance sheet Secondary recovery upside Multi year drilling inventory Low risk development Opportunistic acquisitions Exploration opportunities May 2014
Contact Information Calvalley Petroleum Inc. 2100 500-4th Avenue SW Calgary AB. T2P 2V6 T: (403) 297-0490 F : (403) 297-0499 Website: www.calvalleypetroleum.com For more information please contact: Edmund Shimoon, Chairman &…
Loading...
