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INVESTOR UPDATE – Greensfields Petroleum

Greensfields Petroleum · Aug 14, 2014 · 17 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 UPDATE – Greensfields Petroleum – slide 1
    Greenfields Petroleum Corporation Investor Update Annual General Meeting August 14, 2014 Houston, Texas TSX.V: GNF & GNF.DB
  2. INVESTOR UPDATE – Greensfields Petroleum – slide 2
    Agenda Highlights of past year Production Reserves Key Technical Learnings Key Commercial Issues 3D Seismic in Gum Deniz oil field Next steps
  3. INVESTOR UPDATE – Greensfields Petroleum – slide 3
    Key Highlights Successes in three new offshore oil wells (GD 715, 716, & 714) Production as high as 10,000+ BOEPD Met 1.5X Production Goal January 2014 Met 2.0X Production Goal March 31, 2014 Gum Deniz and Bahar workovers and…
  4. INVESTOR UPDATE – Greensfields Petroleum – slide 4
    Greenfields Petroleum 2013 Net Production 1,641 BOE/d 2014 Q1&2 Net Production 1,708 BOE/d Debt 25 Million Convertible Debenture 24 Million Net Reserves (P1+P2)* 5.3 MMBO 65.1 BCF 16.2 MMBOE Asset Valuation PV10…
  5. INVESTOR UPDATE – Greensfields Petroleum – slide 5
    Greenfields Reserves (year end 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…
  6. INVESTOR UPDATE – Greensfields Petroleum – slide 6
    20122013 GNF Net Reserves 30,000 2013 25,000 20,000 2013 15,725 Gas 15,000 Oil 7,598 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 MBOE 1P 2013 MBOE 2P 2012…
  7. INVESTOR UPDATE – Greensfields Petroleum – slide 7
    20122013 GNF Net NPV 10% NPV 10% 350,000 326,418 300,000 250,000 2012 1P M 202,137 200,000 182,200 2013 1P M 2012 2P M 150,000 2013 2P M 117,696 2012 3P M 2013 3P M 100,000 68,354 48,667 50,000 2012 1P M…
  8. INVESTOR UPDATE – Greensfields Petroleum – slide 8
    0 2000 4000 6000 8000 10000 12000 1Jan13 8Jan13 15Jan13 22Jan13 29Jan13 5Feb13 12Feb13 BOEPD 19Feb13 26Feb13 5Mar13 12Mar13 19Mar13 BOPD 26Mar13 2Apr13 9Apr13 16Apr13 23Apr13 30Apr13 7May13 14May13…
  9. INVESTOR UPDATE – Greensfields Petroleum – slide 9
    Key Technical Learnings Bahar Gas Field Limited Seismic some recent 2D Recompletions adding value and gas volumes Gas price may increase closer to European prices when TANAP (2018) Gum Deniz Oil Field Limited Seismic Acquired…
  10. INVESTOR UPDATE – Greensfields Petroleum – slide 10
    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…
  11. INVESTOR UPDATE – Greensfields Petroleum – slide 11
    Commercial Issues Local Partner (Baghlan) not funding January to May 2014 cash calls (16.5MM) Bank provided a Line of Credit (21MM) to Greenfields Greenfields loaned Default Amount (16.5MM) to project to pay Baghlan cash calls,…
  12. INVESTOR UPDATE – Greensfields Petroleum – slide 12
    Next Steps Commercial GNF working with Bank to advance Baghlans transfer of Bahar Energy Limited interest to Third Party. Dissolve BEL and move all interests to the PSA SOCAR 20%, GNF 27%, NewCo 53% (no more Bahar Energy Limited)…
  13. INVESTOR UPDATE – Greensfields Petroleum – slide 13
    3D Seismic Gum Deniz Gum Deniz oil field has had limited 2D Seismic acquired in 2012 Currently acquiring 120 sq. Km. 3D seismic Acquisition to complete in October 2014 Processing and interpretation in Q1 2015
  14. INVESTOR UPDATE – Greensfields Petroleum – slide 14
    Gum Deniz 3D Seismic Data Recorded (60 of 120 sq. km.) Limit Full Fold Coverage Acquired Data areas Limit of Block 9 Templates recorded: 8,9,11,12,13,14,15,16,17 58.9 km2 Full Fold
  15. INVESTOR UPDATE – Greensfields Petroleum – slide 15
    Next Steps Development Oil and Gas recompletions and workovers successful and less expensive Expanding program and adding more ESPs Drilling of new oil wells Suspend drilling program until results of 3D seismic incorporated into…
  16. INVESTOR UPDATE – Greensfields Petroleum – slide 16
    Greenfields Petroleum Corporation Primary Focus of Creating Shareholder Value Bay of Baku is a natural harbor on the shore of the Absheron Peninsula 17
  17. INVESTOR UPDATE – Greensfields Petroleum – slide 17
    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…

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