SunTrust Robinson Humphrey 1st Annual Play-by-Play Oil & Gas Conference New York City May 29-30, 2013 NYSE & BVL: BPZ www.bpzenergy.com A New Platform for Growth
BPZ Energy Today Better Positioned to Grow Quality Acreage Offshore & Onshore BLOCK Z-1 TUMBES BLOCK XIX Enhanced Operational, Technical, and Zorritos Financial Resources Block Z-1 Transaction Punta Sal BLOCK XXIII Ecuador…
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 Real…
Building Blocks for Success Z-1 XIX Existing Offshore Production Mancora Gas and Heath Oil New Buoyant Platform Potential Onshore New 3D Seismic 2D Seismic & 3D Planned Multi-Year Drilling Starts in 2013 XXII XXIII Adjacent to…
Block Z-1 Vast Offshore Potential Block Z-1 2 Producing Oil Fields CX-15 Corvina Platform Drilling Campaign 16 MMBO Proved Reserves 29 MMBO of Probable Reserves 28 MMBO of Possible Reserves 1.2 Billion BOE of Prospective…
Our Platform for Growth The New CX-15 Platform Drilling preparations underway Production and reinjection equipment included CX-15 and CX-11 platforms interconnected by subsea pipelines 24 drilling slots Drilling and completion…
Continue Optimizing Oil Production CX-11 workovers underway 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…
1,600 sq. km. 3D Seismic Survey Processing and interpretation underway 9
Maturing Leads into Prospects SW 3D Seismic Line 1828 NE Lead B Lead A Lead H Delfin Corvina Trend Albacora Zorritos Horizon Confirmed presence of undrilled structures (with multiple targets) Indications of new…
Maturing Leads into Prospects NW 3D Diagonal Line SE Barracuda Lead G Lead H Piedra Redonda Confirmed presence of undrilled structures (with multiple targets) Indications of new leads/prospects on trend of previously drilled…
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 12
Block XXIII 3D Cube (Based on New 3D Seismic) Large Anticline with previously drilled wells indicating presence of shallow hydrocarbons 13
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…
Block XXII 15
2D Seismic Reveals Basin and Structures Structures on both sides of the depocenter Thick section of Cretaceous Muerto formation source rock expected in depocenter 16
Next Steps Onshore: Blocks XIX and XXIII Partnering process launched Permitting underway for drilling and seismic Drill best Block XXIII shallow oil / gas prospects Carry out 3D seismic survey in Block XIX Block XXII Shoot…
2013 Capital & Exploratory Budget Millions Onshore Contingent shallow drilling at Block XXIII * 12 Contingent 3D and 2D seismic Blocks XIX and XXII * 9 Other 6 Total 27 Offshore Block Z-1 (fully carried by Pacific Rubiales)…
Drilling Again Drill and Produce from New CX-15 Platform Corvina Workovers Apply New Seismic Data Contingent Albacora drilling Define Z-1 exploration campaign Drill and Develop Block Z-1 Prospects Completed 3D Seismic…
Commitment to Corporate Citizenship BPZ Energy Awarded distinction as a Socially Responsible Company by Peruvian association PERU 2021 in association with Mexican Center of Philanthropy (CEMEFI). Recognized for implementing best…
Our Vision The BPZ team will be recognized for excellence in exploring, developing and producing oil and gas in the Americas. For additional information please contact: Richard Spies A. Pierre Dubois Chief Operating Officer…
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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