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INVESTOR BAHAR UPDATE – Greensfields Petroleum

Greensfields Petroleum · Feb 1, 2014 · 19 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 – Greensfields Petroleum – slide 1
    Greenfields Petroleum Corporation Investor Bahar Update February 2014 TSX.V: GNF & GNF.DB
  2. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 2
    Greenfields Petroleums Bahar Project offshore Azerbaijan Gum Deniz Oil Field Shallow Water Guneshli Field 210 MMBO (329 MMBO rem.) 1.3 BBO, 3.6 TCF Under re-development Azeri-Chirag-Guneshli Field 6.8 BBO, 8.8 TCF Bahar Gas…
  3. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 3
    Bahar ERDPSA in Azerbaijan Bahar Gum Deniz oil field Bahar gas field Exploration / Rehabilitation / Development Production Sharing Agreement
  4. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 4
    Bahar ERDSA Joint Venture 1/3 Greenfields Petroleum Corporation (publically listed company) 2/3 Baghlan Group (Azerbaijan Private Company) SOCAR Oil Affiliate (20 percent after initial carry until 2014)
  5. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 5
    One of the first private local companies to enter the oil and gas sector Diversified portfolio, sustainable revenue growth and increasing EBITDA margin First privately owed corporation to obtain rating from international ratings…
  6. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 6
    Greenfields Petroleum - Key Metrics 2012 Net Production 1,093 BOE/d 2013 Net Production 1,641 BOE/d 2013 Dec. Exit Net Production 2,228 BOE/d Debt Up to 25MM (15MM drawn) Convertible Debenture 23 Million Net Reserves…
  7. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 7
    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 774 0.20 100 1.40…
  8. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 8
    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…
  9. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 9
    Preparation for Drilling and Workovers
  10. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 10
    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 11
  11. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 11
    2013 Bahar Oil and Gas Production - Gross Bahar Workovers GD 715 GD 716 GD 714
  12. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 12
    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 67-262 meters/well 55-352…
  13. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 13
    2014 Drilling and Operations Drilling Two Rigs (8-10 well program on Gum Deniz) 4-6 wells using PSG-1 on Platform 2 4 wells using PSG-3 on Platform 208a Workovers and Recompletions 26-31 wells SOCAR rigs refitted with rotational…
  14. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 14
    2D Seismic Line Across Gum Deniz Oil Field Possible Deep Structure in Gum Deniz island area Undrilled part of the oil field 2014 acquiring 200 sq KM 3D seismic across Gum Deniz Oil Field 15
  15. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 15
    2014 Capital Program Gross OPEX : 50 MM (14.42 per BOE) To date Greenfields and Baghlan Gross CAPEX: 130 MM have spend over 177 MM to Gross Revenues 136 MM initiate the redevelopment program for Bahar Project 3D Seismic To date…
  16. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 16
    Oil & Gas Future Production Growth Next Five Years Phase I Program* - to develop 29.8 MMBO (1.5% of OOIP) and 226.3 BCF (3% of OGIP)(gross) Field Recompletion Development Drilling Producing Gum Deniz 29 87 27 Initially Bahar 40 8 11…
  17. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 17
    Bahar Project Opportunities Initial well results better than forecast Met TPR1 in January 2014 (7100 BOEPD gross) Planning TPR2 by 2014 Q2 (10,000 BOEPD gross) Drilling 8 to 10 new oil wells in 2014 Materials being…
  18. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 18
    Greenfields Petroleum Corporation Primary Focus of Creating Shareholder Value Bay of Baku is a natural harbor on the shore of the Absheron Peninsula 19
  19. INVESTOR BAHAR UPDATE – Greensfields Petroleum – slide 19
    Contact Information Greenfields Petroleum Corporation John Harkins CEO Wayne Curzadd - CFO Phone: (832) 234-0810 Phone: (832) 234-0837 Facsimile: (832) 234-0823 Facsimile: (416) 868-6198 John.Harkinsgreenfieldspetroleum.com…

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