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ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp.

Harvest Operations Corp. · Aug 18, 2014 · 16 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. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 1
    Enercom Oil and Gas Conference August 18, 2014
  2. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 2
    About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 202 MM Enterprise Value * 194 MM Cash (06/30/2014) 8.1 MM Debt (06/30/2014) 0 MM Shares Outstanding 42.1 MM Institutional Ownership 71.5% * As of…
  3. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 3
    Highlights Venezuela continues strong production growth Up 11% in 2013 2Q 2014 production 45,073 bopd, up 13% vs. 2013 average Venezuela sale pending government approval Estimated 220 million net proceeds after tax and other…
  4. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 4
    Venezuela Petrodelta 20.4% Equity Interest in Petrodelta Six fields, 9.9 billion barrels of gross oil-in-place Growth underway Average 45,073 bopd in 2Q 2014 Successful development program ongoing in Temblador, Isleo and El…
  5. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 5
    Gabon Dussafu Block HNR DUSSAFU BLOCK 680,000 acre PSC, Offshore Gabon GAMBA PROSPECTS Etame GAMBA LEADS Harvest 66.667% operated interest DENTALE LEADS OIL FIELDS 3rd Exploration Period GAS DISCOVERY Extends to May 27,…
  6. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 6
    Ruche and Tortue Main Pay Zones Ruche Gamba Sand Structure Map Tortue Dentale 6 Sand Structure Map DTM 1 DTM 1 ST1 DRM1 ST2 DRM1 DRM1 ST1 Oil/Water Contact Oil/Water Contact 2 km 2 km Ruche main pay zone is…
  7. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 7
    Cluster Development of Oil Discoveries Contingent Resources Report Ruche EEA 1C: 17.0 mmbo gross Moubenga 2C: 36.3 mmbo gross 3C: 70.6 mmbo gross Walt Whitman Work-In-Progress FEED for facilities/equipment FPSO selection…
  8. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 8
    Dussafu Gamba Oil Resources Gamba Sand the historical main objective Immediately below salt Very continuous Walt Whitman High quality Low-risk undrilled structures New seismic improving imaging Similar in size to Ruche and…
  9. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 9
    New Plays Confirmed by New 2013 3D Structural Cross-section Across Dussafu Block Syn-rift Fault Blocks NYSE: HNR www.harvestnr.com 10
  10. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 10
    2013 Outboard 3D Dip Line PSTM Prospectivity in Dentale folds and Syn-rift blocks Tortue/Ruche 10 km Salt Dentale Mobile Shale Syn-rift Fault Blocks 1994 3D Coverage Limit NYSE: HNR www.harvestnr.com 11
  11. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 11
    Dentale Lead 3 (3D PSTM) Geology 4-way closure Stacked Dentale sands Lead 3 Scale of target Lead 1 Vertical closure of 130m over area of 12 km2 Lead 2 P50 oil-in-place of 250 mmbo About 4x Tortue Dentale 6 sand A Salt Intra…
  12. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 12
    Dussafu Outboard Leads From 2D Outboard Dentale Leads Based on 2D Aug 2013 Large Dentale Structures on 2D P50-P10 Recoverable Close to Ruche and Tortue Ruche MMBO 150 700 meters water depth 60-140 30 200 million bbl oil (P50)…
  13. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 13
    Comparison of 2D and 3D Seismic 2D Seismic 1991 PSTM 3D Seismic 2013 PSTM NYSE: HNR www.harvestnr.com 14
  14. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 14
    Dentale Outboard Leads 1 & 2 (3D PSTM) Geology Fault-separated twin 4-way closures Lead 3 Stacked Dentale sands Scale of combined target Lead 1 Vertical closure of 600m over area of 66 km2 Lead 2 Combined P50 oil-in-place of…
  15. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 15
    Dentale Outboard Leads 1 & 2 (3D PSTM) Lead 2 Lead 1 Lead 3 Lead 1 Lead 2 Lead 1 Lead 2 Salt Salt Dentale Dip Lines Dentale Mobile Shale Mobile Shale 8 km 8 km NYSE: HNR www.harvestnr.com 16
  16. ENERCOM OIL AND GAS CONFERENCE – Harvest Operations Corp. – slide 16
    Why Invest in Harvest Catalyst-Rich in Near Term and Beyond Debt-free Currently trading at less than the net proceeds expected from the sale of Venezuela business Gabon Dussafu block provides solid value and compelling upside…

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