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IPAA Symposium – Bpz Resources, Inc.

Bpz Resources, Inc. · Oct 1, 2013 · 21 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 Symposium – Bpz Resources, Inc. – slide 1
    IPAA Oil & Gas Conference San Francisco, California October 1, 2013 NYSE & BVL: BPZ www.bpzenergy.com
  2. IPAA Symposium – Bpz Resources, Inc. – slide 2
    BPZ Energy Today ... Leadership Team has Better Positioned Company to Grow Santa Elena Oil Fields Four Blocks in Northwest Peru and one in Southwest Ecuador Enhanced Operational, Technical, and Financial Resources Amistad Gas…
  3. IPAA Symposium – Bpz Resources, Inc. – slide 3
    Mission Statement Explore, develop and produce oil & gas in Peru and the Americas We aim to: deliver profitable growth. become a preferred partner of government and industry. honor our commitments to safety, ethics, the environment…
  4. IPAA Symposium – Bpz Resources, Inc. – slide 4
    Actions Progressing Our Strategy To Grow Production, Reserves and Cash Flow in Peru Completed Block Z-1 JV Transaction OIL & GAS ACTIONS Corvina Drilling Underway Completed Block Z-1 Albacora Drilling Underway 3D Seismic Survey…
  5. IPAA Symposium – Bpz Resources, Inc. – slide 5
    Two Development Drilling Programs Albacora Field Platform Corvina Field CX-15 Platform 6
  6. IPAA Symposium – Bpz Resources, Inc. – slide 6
    Starting with the Corvina Field Top of Zorritos Formation Unconformity 7
  7. IPAA Symposium – Bpz Resources, Inc. – slide 7
    New Albacora Data Preliminary New 3D Seismic Interpretation explains dry hole at 17D A A 8
  8. IPAA Symposium – Bpz Resources, Inc. – slide 8
    Block Z-1 Exploration Strategy Based on 1600 sq. km. of new 3D data 9
  9. IPAA Symposium – Bpz Resources, Inc. – slide 9
    Maturing Z-1 Leads into Prospects SW Diagonal 3D Seismic Line 1828 [55 miles long] NE Lead B Lead A Lead H Delfin Corvina Trend Albacora la cruz fm. mal pelo fm. cardalitos fm. tumbes fm. zorritos fm. heath…
  10. IPAA Symposium – Bpz Resources, Inc. – slide 10
    Turning Lead G into Raya Prospect NW Cross section based on 3D seismic SE Barracuda Raya Delfin mal pelo fm. tumbes fm. zorritos fm. heath fm. 5 km Confirmed presence of undrilled structures (with multiple…
  11. IPAA Symposium – Bpz Resources, Inc. – slide 11
    Raya Prospect Corvina Analog NW Raya Delfin SE mal pelo fm. tumbes fm. Corvina look-alike cardalitos zorritos fm. 3-way dip closure against Zorritos Unconformity heath fm. 5 km 12
  12. IPAA Symposium – Bpz Resources, Inc. – slide 12
    Going Onshore: Block XXIII Anticline Large Anticline with previously drilled wells indicating presence of shallow hydrocarbons Proposed Exploration Drilling Locations 13
  13. IPAA Symposium – Bpz Resources, Inc. – slide 13
    Oil Potential in Southern Area of 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)…
  14. IPAA Symposium – Bpz Resources, Inc. – slide 14
    Onshore Block XXII in Lancones Basin Structures on both sides of the depocenter Thick section of Cretaceous Muerto formation source rock expected in depocenter Cretaceous Basement 15
  15. IPAA Symposium – Bpz Resources, Inc. – slide 15
    Next Steps Onshore Block XXIII: planning to begin drilling shallow exploratory wells by year-end 2013. Block XIX: working to obtain environmental permit for 3D seismic acquisition. Block XXII: planning to shoot confirmation 2D…
  16. IPAA Symposium – Bpz Resources, Inc. – slide 16
    Oil and Gas Strategy Implementation Short Term 2013-14 Long Term 2016+ Offshore Block Z-1 Offshore Block Z-1 Corvina CX-15: Drilling underway Continue development drilling at Corvina Albacora: Drilling underway Develop shallow water…
  17. IPAA Symposium – Bpz Resources, Inc. – slide 17
    Finance Action Plan Improve G&A Cost Structure Initiatives for costs savings being implemented in both Lima and Houston Capital Discipline Ensure robust economics Spending within cash constraints Manage Cash New production from CX-15…
  18. IPAA Symposium – Bpz Resources, Inc. – slide 18
    Activity Planned... Drill and produce from CX-15 and Albacora platforms Existing Offshore 3-D Seismic Existing Onshore 3-D Seismic Apply new seismic data Existing Onshore 2D Seismic Define Z-1 exploration campaign Drill and…
  19. IPAA Symposium – Bpz Resources, Inc. – slide 19
    Thank You Manolo Ziga President & CEO For additional information: A. Pierre Dubois Investor Relations & Corporate Communications 580 Westlake Park Blvd., Suite 525 Houston, Texas 77079 (281) 556-6200; pierre_duboisbpzenergy.com…
  20. IPAA Symposium – Bpz Resources, Inc. – slide 20
    Appendix - Summary Financial Data (MM: Millions) Six Months Ended June 30, 2013 Revenues 26.1 MM Operating loss ( 19.9 MM) C&E expenditures* ( 1.5 MM) EBITDAX ( 4.9 MM) Net production 1,457 bopd Realized price 98.5 per bbl At…
  21. IPAA Symposium – Bpz Resources, Inc. – slide 21
    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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