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IPAA Conference – Bpz Resources, Inc.

Bpz Resources, Inc. · Sep 25, 2012 · 29 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. IPAA Conference – Bpz Resources, Inc. – slide 1
    IPAA Oil & Gas Symposium San Francisco, California Sept. 24-26, 2012 NYSE & BVL: BPZ www.bpzenergy.com Strengthening the Foundation Mr. Manolo Ziga, President and CEO
  2. IPAA Conference – Bpz Resources, Inc. – slide 2
    BPZ Energy Today Better Positioned to Grow Quality Acreage Offshore & Onshore BLOCK Z-1 TUMBES Enhanced Operational, Technical, Zorritos BLOCK XIX and Financial Resources Punta Sal Block Z-1 Transaction BLOCK XXIII Ecuador…
  3. IPAA Conference – Bpz Resources, Inc. – slide 3
    Favorable Host Country Peru Peru Oil & Gas Sector Promoting New Investments with + 80 Hydrocarbon Contracts in Force Social Inclusion + 50 Foreign Oil Companies engaged in Investment Grade Ratings Oil Exploration & Production GDP…
  4. IPAA Conference – Bpz Resources, Inc. – slide 4
    Building Blocks for Success Z-1 XIX Existing Offshore Production Mancora Gas and Heath Oil 2012 Multi-Year Drilling Starts Potential Onshore New Buoyant Platform 2D Seismic & 3D Planned New 3D Seismic XXII XXIII Adjacent to…
  5. IPAA Conference – Bpz Resources, Inc. – slide 5
    Initiatives Underway 1. Achieving Albacora Field commerciality 2. Optimizing oil production 3. Developing 23 MMBO* of Corvina PUDs from New CX-15 platform 4. Exploring onshore and offshore 5. Unlocking asset value * Reserves on a 100%…
  6. IPAA Conference – Bpz Resources, Inc. – slide 6
    Block Z-1 Vast Offshore Potential Block Z-1 2 Producing Oil Fields New CX-15 Corvina Platform Drilling Program Starts 35 MMBO Proved Reserves 2 Billion BOE of Prospective Resources New 3D Seismic - Turning Leads into Prospects…
  7. IPAA Conference – Bpz Resources, Inc. – slide 7
    Continue Optimizing Oil Production Corvina CX-11 Platform Corvina & Albacora Fields Gas cap reinjection underway at Corvina has had positive results Opportunity to increase gas injection with CX-15 compressors Opportunity to prove…
  8. IPAA Conference – Bpz Resources, Inc. – slide 8
    New CX-15: Our Platform for Growth Production and reinjection equipment included CX-15 and CX-11 platforms interconnected via subsea pipelines 24 drilling slots Drilling and completion time 6-8 wks* 10 MM-12 MM drill costs/well*…
  9. IPAA Conference – Bpz Resources, Inc. – slide 9
    Buoyant Tower Float Off and Uprighting Preparing for float off Float off Uprighting Ballasting of hull underway 10
  10. IPAA Conference – Bpz Resources, Inc. – slide 10
    Topside and Hull Tower Mating Securing hull, skidding topside over hull and mating Float over complete 11
  11. IPAA Conference – Bpz Resources, Inc. – slide 11
    CX-15 Platform Anchored The New CX-15 Platform at the Corvina Field 12
  12. IPAA Conference – Bpz Resources, Inc. – slide 12
    1,600 sq. km. 3D Seismic Survey Phase II acquisition underway CX-15 platform area covered 13
  13. IPAA Conference – Bpz Resources, Inc. – slide 13
    Corvina Field PUD Area Covered with New 3D 14
  14. IPAA Conference – Bpz Resources, Inc. – slide 14
    Maturing Leads into Prospects Seismic Line V1776: Early Processing Shows Good Quality Data Confirmed presence of undrilled structures (with multiple targets) Indications of new leads/prospects on trend of previously drilled…
  15. IPAA Conference – Bpz Resources, Inc. – slide 15
    Next Steps Block Z-1 CX-15 fabrication and sail away Begin 3D seismic processing and Peru arrival, hull float off, topside interpretation mating Complete 3-D seismic survey and Anchor platform interpretations Mobilize rig Define…
  16. IPAA Conference – Bpz Resources, Inc. – slide 16
    ONSHORE: Next Door Potential Block XIX Mancora Gas and Heath Oil 2D Seismic Completed New 3D Seismic Planned 100% Working Interests Block XXIII Mancora Gas Play Two Oil Plays 2D and 3D Seismic 17
  17. IPAA Conference – Bpz Resources, Inc. – slide 17
    Block XIX and XXIII: Regional Setting Talara Oil Fields have produced 1.7 Billion BBLs of oil to date and are producing 40,000 bopd currently 18
  18. IPAA Conference – Bpz Resources, Inc. – slide 18
    Block XXIII 3D Cube (Based on New 3D Seismic) Large Anticline with previously drilled wells indicating presence of shallow hydrocarbons 19
  19. IPAA Conference – Bpz Resources, Inc. – slide 19
    Oil Potential in Southern Block XXIII Multiple structures with shallow oil potential in formations producing oil in Talara Basin New 2D Seismic Line BPZ10XXIII-16 Seismic Line BPZ10XXIII-16 Major Fault Eocene (Salinas) Small…
  20. IPAA Conference – Bpz Resources, Inc. – slide 20
    Next Steps: Blocks XIX and XXIII Partnering process launched Sign Joint Venture agreement Permitting underway Drill Block XXIII prospects Carry out 3D seismic survey in Block XIX 21
  21. IPAA Conference – Bpz Resources, Inc. – slide 21
    Theres More Onshore Block XXII Adjacent to producing oil fields Pre-existing 2D seismic New 2D seismic (shown in map) Shallow prospects 100% Working Interest 22
  22. IPAA Conference – Bpz Resources, Inc. – slide 22
    2D Seismic Reveals Basin and Structures Structures on both sides of the depocenter Thick section of Cretaceous Muerto formation source rock expected in depocenter 23
  23. IPAA Conference – Bpz Resources, Inc. – slide 23
    Next Steps: Blocks XXII Shoot confirmation 2D line extensions in Pocitos prospect and Sojo / Jivito area Obtain drilling permits Drill best prospects 24
  24. IPAA Conference – Bpz Resources, Inc. – slide 24
    Drilling Again Drill and Produce from New CX-15 Platform Corvina Workovers Apply New Seismic Data Drill and Develop Block Z-1 Prospects Explore Onshore To Grow Production and Reserves 25
  25. IPAA Conference – Bpz Resources, Inc. – slide 25
    Commitment to Corporate Citizenship BPZ Energy August 8, 2012: Awarded distinction as Socially Responsible Company by Peruvian association PERU 2021 in association with Mexican Center of Philanthropy (CEMEFI). Recognition for…
  26. IPAA Conference – Bpz Resources, Inc. – slide 26
    Our Vision The BPZ team will be recognized for excellence in exploring, developing and producing oil and gas in the Americas. Manolo Ziga For additional information please contact: President & CEO A. Pierre Dubois BPZ Energy…
  27. IPAA Conference – Bpz Resources, Inc. – slide 27
    Appendix - Block Z-1 Joint Venture BPZ Energy 51% participating interest Administrative, Regulatory, Government & Community related duties Pacific Rubiales (PRE) 49% participating interest Technical & Operational duties in Block Z-1…
  28. IPAA Conference – Bpz Resources, Inc. – slide 28
    Appendix - Numbers at a Glance USD Millions, unless noted 2012 Capital & Exploratory Budget 130 First Half 2010 2011 2012 Revenues 110 144 69 Operating Loss (61) (12) (26) EBITDAX 39 52 25 Capital & Exploratory Expenditures…
  29. IPAA Conference – Bpz Resources, Inc. – slide 29
    Appendix GAAP Reconciliation Reconciliation of non-GAAP measure The table below represents a reconciliation of EBITDAX to the Companys net income (loss), which is the most directly comparable financial measure calculated in accordance…

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