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ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc.

Bpz Resources, Inc. · Aug 18, 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. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 1
    EnerCom - The Oil & Gas Conference Denver, Colorado August 18, 2014
  2. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 2
    BPZ Energy Four Blocks in Northwest Peru and one in Southwest Ecuador Multiple Plays with Multiple Existing Offshore 3-D Seismic Prospects in Each Play Existing Onshore 3-D Seismic BLOCK XIX BPZ (51%) and Pacific Rubiales…
  3. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 3
    Key Numbers Share Price: (1) 2.32 52-Week Range: (1) 1.58 - 3.40 Shares Outstanding: (2) 119 million Market Capitalization: (1) 276 million Total Enterprise Value: (1) 438 million Proved Oil Reserves: (3) 16 million barrels PV-10…
  4. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 4
    Key Focus Grow Continue Z-1 Development Drilling OPERATIONS Appraise Delfin Production Continue Onshore Exploration Grow Cash Flow Improve Cost Structure FINANCE Capital Discipline Grow Manage Cash Reserves 5
  5. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 5
    Production Growth and Cost Reduction Underway BLOCK Z-1: Historical Average Quarterly Gross Production BOPD 8,000 5 New wells First Half 2014 LOE 27/ bbl plan to be 7,000 completed vs. by year-end 6,000 First half 2013 LOE 56/ bbl…
  6. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 6
    First Half 2014 vs 2013 Comparison US 000's, unless noted First Half First Half Variance 2014 2013 Barrels of oil per day 2,593 1,457 + 1,136 Net realized price per barrel 99.77 98.48 + 1.29 Revenue 45,231 26,127 + 19,104 EBITDAX…
  7. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 7
    Block Z-1 Increase Capture upside oil Appraise prior Explore prospects production at and gas potential discoveries in in < than 350 ft. of Corvina and at Corvina and Delfin, Piedra water starting with Albacora Albacora Redonda, and…
  8. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 8
    Capturing Corvinas Upside CX15-7D well currently being drilled CX15-3D well back on line via gas lift 13 more gross PUDs left to be drilled Five wells have surpassed 1 Mmbo Two more wells targeted for 2014 Field area 1,500 acres…
  9. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 9
    Albacora Development A-18D well currently being sidetracked deeper A-21D well intervention to restore production One more PUD well budgeted for 2014 A-14XD well has exceeded 1 Mmbo Albacora, Top MidZorritos / Structural Map…
  10. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 10
    Appraising for Deeper Oil in Albacora A-18D well currently being sidetracked deeper to A-8X-2 discovery well drilled in early 1970s had light 13,400 TVD oil shows below 12,000 TVD A-26D producing from New Oil zone, and tested A-14XD…
  11. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 11
    Planning to Drill Delfin Next Year Drilling permit already in hand Prospective area is 3,000 acres Tennecos 39-X-1 well tested oil Delfin platform to be 4 miles from CX-15 OIL AREA CX11 Corvina CX15 39-X-1 B-17-X…
  12. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 12
    Raya, also Targeting Oil from Zorritos Fm. Potential size of 7,500 acres Also in less than 300 ft. of water Drilling permit already in hand 10 miles from Corvina CX-15 platform 13
  13. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 13
    Piedra Redonda Anchors the Mancora Gas Play Belco discovered dry gas with C-18-X well Piedra Redonda prospect is 11,000 acres Near coastline in 200 ft. of water Drilling permit already in hand PACIFIC OCEAN EC P -1X PEC-1X Block…
  14. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 14
    Onshore Block XXIII Caracol 1X Well Site Three shallow exploration wells have tested Cardo 2X Well Site hydrocarbons: Caracol 1X tested gas in the Heath and Zorritos formations. Cardo 2X and Piedra Candela 3X tested gas in…
  15. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 15
    Block XXII: Multiple Plays in 1 Million Acres Pursuing Cretaceous age conventional Adjacent operator producing oil from and unconventional plays Redondo and Muerto formations Muerto Formation is a brittle shale, rich Drill in first…
  16. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 16
    Revised 2014 Capital & Exploratory Budget Millions Offshore Block Z-1 (51% BPZ) Corvina CX-15 development drilling (6 wells) 40 Albacora drilling (4 wells plus 18D sidetrack) 36 Projects & engineering 17 Total BPZ Net Offshore 93…
  17. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 17
    Summary Business Plan 2014 2015 Offshore Block Z-1 Offshore Block Z-1 Corvina CX-15: Now drilling 7D well Corvina and Albacora PUDs to PDPS and P2 to PUDs Then drill up to two more PUDs Drill and develop Delfin Albacora: Now…
  18. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 18
    Thank You Manolo Ziga President & CEO Rick Menniti Chief Financial Officer For additional information: A. Pierre Dubois Director, Investor Relations & Corporate Communications 580 Westlake Park Blvd., Suite 525 Houston, Texas…
  19. ENERCOM THE OIL & GAS CONFERENCE – Bpz Resources, Inc. – slide 19
    Appendix GAAP Reconciliation Reconciliation of non-GAAP measure The table below represents a reconciliation of EBITDAX to the Companys net loss, which is the most directly comparable financial measure calculated in accordance with…

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