Skip to main content Investor Bahar Update – Greenfields Petroleum Investor Presentation | Shale Experts
Loading...
Pm

Investor Bahar Update – Greenfields Petroleum

Greenfields Petroleum · May 1, 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 Bahar Update – Greenfields Petroleum – slide 1
    Greenfields Petroleum Corporation Investor Bahar Update May 2014 TSX.V: GNF & GNF.DB
  2. Investor Bahar Update – Greenfields Petroleum – slide 2
    Greenfields Petroleums Bahar Project offshore Azerbaijan Gum Deniz Oil Field Shallow Water Guneshli Field 212 MMBO (329 MMBO rem.) 1.3 BBO, 3.6 TCF Under redevelopment AzeriChiragGuneshli Field 6.8 BBO, 8.8 TCF Bahar Gas…
  3. Investor Bahar Update – Greenfields Petroleum – slide 3
    Bahar ERDPSA in Azerbaijan Bahar gas field Gum Deniz oil field Bahar Gum Deniz oil field Bahar gas field Exploration / Rehabilitation / Development Production Sharing Agreement
  4. Investor Bahar Update – Greenfields Petroleum – slide 4
    Greenfields Petroleum Key Metrics 2012 Net Production 1,093 BOE/d 2013 Net Production 1,641 BOE/d 2014 Q1 Net Production 2,338 BOE/d 2014 March Net Production 2,798 BOE/d Debt 25MM Convertible Debenture 23 Million Net…
  5. Investor Bahar Update – Greenfields Petroleum – slide 5
    Greenfields Reserves 12/31/2013 Greenfields Proved Proved Proved Total Total Total 2P Net Interest Producing Developed Undeveloped Proved Probable Oil Mbbls 426 586 2,792 3,378 1,520 4,898 Gas MMcf 4,574 25,196 4,731 29,927 35,178…
  6. Investor Bahar Update – Greenfields Petroleum – slide 6
    20122013 GNF Net Reserves 30,000 2013 25,000 20,000 2013 15,725 15,000 Gas 7,598 Oil 10,000 2013 10,851 6,805 4,878 4,988 5,000 8,886 8,769 5,770 5,355 4,073 3,573 1P 2012 MMBOE 1P 2013 MMBOE 2P 2012…
  7. Investor Bahar Update – Greenfields Petroleum – slide 7
    20122013 GNF Net NPV 10% NPV 10% (USDM) 350,000 326,418 300,000 250,000 2012 1P MM 202,137 200,000 182,200 2013 1P MM 2012 2P MM 150,000 2013 2P MM 117,696 2012 3P MM 2013 3P MM 100,000 68,354 48,667…
  8. Investor Bahar Update – Greenfields Petroleum – slide 8
    Gum Deniz Oil Field Cumulative production of 212 MMBBL of oil and 593 BCF of gas Average cumulative production per well of 556 MBOE OOIP of 2.16 BBO within 13 vertically stacked pays QP-SV_BU -90 50 N05-SV NQK 0.20 100 1.40 0.60…
  9. Investor Bahar Update – Greenfields Petroleum – slide 9
    Bahar Gas Field Cumulative production of 4.3 TCF, 84.0 MMBBL of condensate Average cumulative production per well of 31.2 BCF of gas & 0.6 MMBBL of condensate OGIP of 7.53 TCFG in 12 vertically stacked reservoirs SPBL 70 -10.0 RT…
  10. Investor Bahar Update – Greenfields Petroleum – slide 10
    Preparation for Drilling and Workovers
  11. Investor Bahar Update – Greenfields Petroleum – slide 11
    2010 - 2012 Bahar Oil and Gas Production - Gross 8000 Start of Contract 7000 (October 2010) BOEGPD BOPD 6000 5000 Workovers maintain production 2012 4000 3000 2000 1000 0 12
  12. Investor Bahar Update – Greenfields Petroleum – slide 12
    Bahar ERDPSA 20132014 Gross Production (to 3.31.2014) 12000 BOEPD BOPD 10000 8000 6000 4000 Bahar Workovers 2000 GD 715 GD 716 GD 714 0 1Jan13 1Feb13 1Mar13 1Apr13 1May13 1Jun13 1Jul13 1Aug13 1Sep13 1Oct13 1Nov13…
  13. Investor Bahar Update – Greenfields Petroleum – slide 13
    Bahar ERDSA Contractor Parties 80% Bahar Energy Limited (BEL) 1/3 Greenfields Petroleum Corporation (publically listed company on TSX Venture Exchange) 2/3 Baghlan Group (Azerbaijan Private Company) 20% SOCAR Oil Affiliate…
  14. Investor Bahar Update – Greenfields Petroleum – slide 14
    Gum Deniz Platform and Development Well Locations Initial 37 Development Wells from Existing Platforms (additional slots to be added) 743 712 744 714 Net Pays Ranging from Net Pays Ranging from 716 67262 meters/well 55352…
  15. Investor Bahar Update – Greenfields Petroleum – slide 15
    This well has cumulatively produced 100,000 STB oil Reperforated existing SP and IX zones with 4 casing guns Run PLT to determine HorSP and IX zones contributions. PLT showed that SP is main producing zone 16 Periodic hot diesel…
  16. Investor Bahar Update – Greenfields Petroleum – slide 16
    GD716: SP + X Completion SP is the main oil producing horizon cumulatively produced 45,000 STB oil Second peak happened also due to additional SP perforation, which is supported by characteristic decline typical for SP Main…
  17. Investor Bahar Update – Greenfields Petroleum – slide 17
    This well cumulatively produced 1,500 STB oil Reperforated existing VIII zones with 4 casing guns After reperforation, well started to produce 500 bopd oil but then ceased production. Oil rate stabilized around 80 bopd 18
  18. Investor Bahar Update – Greenfields Petroleum – slide 18
    Development Drilling GD 715 cumulative production 100,000 BO SP completion currently 200+ bopd GD 716 cumulative production 45,000 BO SP + X completion currently 180+ bopd GD 714 VII completion currently 80 bopd GD 774 IX and…
  19. Investor Bahar Update – Greenfields Petroleum – slide 19
    Development Plan Oil and Gas recompletions and workovers more successful and less expensive Expand program Oil drilling new wells mixed results Reduce drilling program until results of 3D seismic Reduce 2014 Capital
  20. Investor Bahar Update – Greenfields Petroleum – slide 20
    2014 Drilling and Operations Workovers and Recompletions 2631 wells SOCAR rigs refitted with rotational capabilities for Bahar gas workovers 3 existing SOCAR rigs used in Gum Deniz Significant cost reduction in day rates…
  21. Investor Bahar Update – Greenfields Petroleum – slide 21
    Bahar Project Opportunities Some initial drilling well results better than forecast Met TPR1 in January 2014 (7100 BOEPD gross) Extended the PSA term for 25 years Met TPR2 in March 2014 (9,336 BOEPD gross) SOCAR to repay…
  22. Investor Bahar Update – Greenfields Petroleum – slide 22
    Greenfields Petroleum Corporation Primary Focus of Creating Shareholder Value Bay of Baku is a natural harbor on the shore of the Absheron Peninsula 23
  23. Investor Bahar Update – Greenfields Petroleum – slide 23
    Contact Information Greenfields Petroleum Corporation John Harkins CEO Wayne Curzadd CFO Phone: (832) 2340810 Phone: (832) 2340835 Facsimile: (832) 2340823 Facsimile: (832) 2340823 John.Harkinsgreenfieldspetroleum.com…
  24. Investor Bahar Update – Greenfields Petroleum – slide 24
    BAHAR Workover Contribution 25
  25. Investor Bahar Update – Greenfields Petroleum – slide 25
    GUM DENIZ Workover & Drilling 26
  26. Investor Bahar Update – Greenfields Petroleum – slide 26
    GUM DENIZ + BAHAR (Total BOEPD) Workover & Drilling Contribution 27

From the store

Browse maps, data & reports in the Shale Experts store