Caspian Energy Caspian is a TSX-listed O&G E&P company, based in Kazakhstan, offering huge regional potential and the ability to deliver significant shareholder value. The current status is that of a fully funded enterprise, with…
Contents Overview 5 Vast Commercial Region 6 Kazakhstan Oil Market 10 Unlocking Value: Corporate 11 Asia Sixth Energy: A Key Partner 15 Revenue from Production 17 Near-term Value Triggers 19 Unlocking Value: The Assets 22…
Overview TSX-listed O&G E&P company in the Caspian Basin of Kazakhstan Production as at December 2011 of 460 BOPD Recoverable reserves of nearly 700m barrels Fully funded via Chinese Partner, Asia Sixth Energy Caspian has financed…
Vast Commercial Region
Map of Region Kazakhstan Population: 16.3 million GDP: 149 billion Second largest oil reserves and production among FSU republics 7 TSX: CEK.TO WWW.CASPIANENERGYINC.COM
Regional Infrastructure Key players in the region: Mangistau Munai Gas Recently acquired for 2bn by CNCP (China National Petroleum Company) and KazMunaiGas (Kazakhstan state owned producer) on 50/50 basis Operated by CNPC Owner of…
Peers in the Pre-Caspian Basin Holds reserves of 8-9 billion barrels Consortium led by Karachaganak Petroleum Operating (KPO) Caspians assets Believed to be the largest known oil field outside the Middle East and the fifth…
Kazakhstan Oil Market Perspective growth in oil production in Kazakhstan Second largest oil reserves and production among FSU republics Proven oil reserves of 30 billion bbls 100 billion committed in oil ENI, XOM, CVX, COP, Shell,…
Unlocking Value: Corporate
The PLC Balance Sheet Highlights Market Capitalization (10 April 2012 Close) US42.5 million Cash and Cash Equivalent (At 31 Dec 2011) US2.2 million Investment Highlights NPV after tax and debt repayments US248 million NPV/Share…
Strong Management Team William Ramsay: Chief Executive Officer Based in Almaty, Kazakhstan 15 years experience of working in Kazakhstan Extensive deal structuring experience instrumental in the Asia Sixth deal Previously engaged in…
Strong Management Team contd Adil Mukhamedzhanov: Non-Executive Director Based in Almaty, Kazakhstan Served as Deputy General Director for Aral Petroleum Capital LLP since March 2004 Worked in the project management department of JSC…
Asia Sixth Energy: A Key Partner Asia Sixth Energy (ASE) Owns 60% of Aral Petroleum the operating business SPV, representing experienced O&G interests in Asia 40% indirectly owned by Strong Petrochemical Aral Petroleum LLP Holdings…
Share Price Market recognition of the significance of Caspian Energys transformational deal with Asia Sixth 16
Revenue from Production Well 213 & 301; producing wells Chinese JV partner, Asia Sixth, to finance drilling programme through production Agreed financing for US80 million Caspians current production plans are fully financed through…
Forecast Cash Flows Caspians share of revenues from East Zhagabulak Field alone: 180 160 140 120 100 Cumulative revenues to Caspian (M) 80 Net cash flow after tax (M) 60 40 20 Production & reserves M 0 Cash flows…
Near-term Value Triggers Event When Mobilise rig for well 307 and 315 April Drilling well 306 2012 Test well 308 (section 1) Test well 308 (section 2) 302 and 316 Q2 Drilling well 307 and 315 2012 Q3 Test well 308 (section…
Building NAV Caspian Energy Net Asset Value at 31 Dec 2011 Canadian (M) Total value excluding reserves 26.6 Proven + Probably + Possible East Zhagabulak 10% 210.3 Total value of Caspian 183.7 Per share (basic) 0.82 Total diluted…
Driving Caspian with Asia Sixth Joint Venture ASE is undertaking the finance of capital expenditures to US80 million Caspian is permitted to access a total of US6 million over two years Under the agreement, the approved work program…
Unlocking Value: The Assets
Arals Well Locations Caspians assets are divided into 3 sections within the North Block: East Zhagabulak (EZ): in production; annual volume 17,990 Mbb 315, 213, 308, West Zhagabulak (WZ): point of production 301, 306 Baktygaryn and…
Recoverable Reserves In Region KENKIYAK 350 mmbbl ZHAGABULAK 20 mmbbl (CNPC) (Aral) ALIBEKMOLA 260 mmbbl (Lukoil & KNG) WEST Kenkiyak Kokjide Mortuk Zhagabulak Alibekmola EAST K 0 J T C 2-3 C1 1 P2 P2 P2 P2 2 D 1-2 3 P1…
Funded Work Programme Commitment Fulfillment Activity Years (quantity/amount) (quantity/amount) Drilling of wells 3 wells/MM 20.87 3 wells/ MM 23.24 2011 Investments, total MM 25.84 MM 32.86 Drilling of wells 3 wells/MM 20.92 2012…
The North Block Located on the Eastern margin of the Pre-Caspian basin Near Oblast in Western Kazakhstan Geological interest emerged in early 20th century Zhagabulak field is the primary target due to Extent of the Soviet age 2D…
North Block: Extensive Seismic 27 WWW.CASPIANENERGYINC.COM
North Block: East Zhagabulak 25 year production license Number of producing wells is projected to be increased to maximum in 2015: 10 wells Turning two producing wells into injection wells in 2016-17 Applied for a further…
North Block: Greater Zhagabulak 213 308 315 211 306 302 307 303 Greater Zhagabulak area Well 316 completed by drilling; 4950m Well 307 and 309 projected for drilling - TD 4700m 29 WWW.CASPIANENERGYINC.COM
The North Block: West Zhagabulak 400 km 3D seismic shoot Twice the size of East Zhagabulak An extra 200m updip Successful drilling of Well 316 Testing to begin by the end of April Subject to obtaining relevant permits Will be…
Exploration Upside: Baktygaryn 224 MMBBL as per Smart Engineering Wells planned: 3D seismic already shot & oil shows on drilled wells Baktygaryn: Vast target 31 TSX: CEK.TO WWW.CASPIANENERGYINC.COM
Investment Recap
Investment Recap Caspian financed for US80m of Capex by Asia Sixth for North Block development Fully funded through to full production in Zhagabulak field, Kozdesay and Baktygaryn Revenues from existing production in East Zhagabulak…
Final Thoughts New Caspian Energy post transformational JV with Asia Sixth Kazakhstan: Production & reserves Low costs & tax Cash flows of 20m by NAV = 0.77 per share Prospectivity 2014 Vast market Strong management team 80m…
Aral Daily Oil Production 2011 37 TSX: CEK.TO WWW.CASPIANENERGYINC.COM
East Zhagabulak: Rebased 100 Oil Value Sensitivity to Brent Price Various Brent Scenarios After Tax (USm) 100 Brent Caspians 120 Brent Caspians (10% discount) 40% Share (10% discount) 40% Share Proved + Probable 167.8 67.1 196.8…
EZ: Forecast Oil Production Oil production forecast up to year 2034 M ton 120 110 100 90 80 70 Annual Oil 60 Production 50 40 30 20 10 0 1400 1200 1000 Accumulated 800 Oil Production 600 400 200 0 39…
EZ: Forecast Gas Production Gas production forecast up to year 2034 30 25 20 Annual Gas Production 15 10 5 0 350 300 250 Accumulated Gas 200 Production 150 100 50 0 40 TSX: CEK.TO…
Contacts Calgary office Auditors and Reporting Accountants Caspian Energy Inc. MNP 410, 396 11th Avenue S.W., 900-700 6th Ave SW Calgary, AB T2R 0C5 Calgary, AB, Tel: +1(403) 252 2462 Canada www.caspianenergyinc.com Legal Advisers…
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