Skip to main content Corporate Presentation – Serinus Energy Inc. | Shale Experts
Loading...
Pm

Corporate Presentation – Serinus Energy Inc.

Serinus Energy Inc. · Feb 5, 2015 · 24 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. Corporate Presentation – Serinus Energy Inc. – slide 1
    Corporate Presentation February 2015
  2. Corporate Presentation – Serinus Energy Inc. – slide 2
    Solid Operating Record Serinus has achieved double (and even triple) digit growth in production, cash flow and reserves since assuming an operating role in 2010 Production History 2010 - 2014 Serinus Reserves 2010 - 2013 6 000 45…
  3. Corporate Presentation – Serinus Energy Inc. – slide 3
    Tunisia Overview 5 blocks, all operated, 100% WI except Sabria (45%)1 Acquired as part of Winstar Resources in June 2013 WIN-12bis well started production in December 2014, now producing 1,000 boe/d (450 boe/d SEN WI) WI…
  4. Corporate Presentation – Serinus Energy Inc. – slide 4
    Tunisia: Netbacks 120,00 Tunisia After Tax Netbacks 2011 - 2014 2 000 100,00 1 500 80,00 48,76 70,84 55,57 54,83 Boe/d /Boe 71,96 53,85 60,00 1 000 19,93 10,29 40,00 1,95 6,18 34,41 500 14,95 20,67 23,04 29,21…
  5. Corporate Presentation – Serinus Energy Inc. – slide 5
    Tunisia Production History Winstar Tunisia Production 2013 - 2014 1 800 1 600 WIN-12bis Workover spud program start 1 400 1 200 1 000 BOE/d 800 Increases from workovers, 600 WIN-12bis start-up Dec. 10 400 200 Full…
  6. Corporate Presentation – Serinus Energy Inc. – slide 6
    Sabria: A Large, and Largely Undeveloped Resource YE 2013 Tunisia Reserves1 Field extends over 22,000 acres 1P 2P 3P 347 MMBbl of OOIP1 Oil (MMBbl) 2.70 8.28 17.56 (Bcf) Only 7 wells have been drilled Gas 6.24 19.18 38.00 Boe…
  7. Corporate Presentation – Serinus Energy Inc. – slide 7
    Chouech Es Saida/Ech Chouech Triassic Oil Development (2,200 2,350 m) Cumulative production to date from the Triassic TAGI sand is CHOUECH ES SAIDA approximately 4.8 MMbbl of oil 172 km * Individual wells up to 3 MMbbl TAGI also…
  8. Corporate Presentation – Serinus Energy Inc. – slide 8
    Romania Overview One licence (Satu Mare), 60% WI 765,000 gross acres Serinus operates Acquired as part of Winstar Resources in June 2013 Serinus funding 100% of work program until Moftinu-1001 & 1002bis wells are tested…
  9. Corporate Presentation – Serinus Energy Inc. – slide 9
    Romania: Fiscal Terms Attractive Fiscal Regime and Pending Gas Price De-Regulation Industrial segment (75% of Romanian market) is now substantially at European market price Blended average gas price is now 86% of European market…
  10. Corporate Presentation – Serinus Energy Inc. – slide 10
    Moftinu Appraisal Program Drilling History Moftinu-1000 Drilled in 2012 - tested 1.6 MMcf/d from two zones 3D seismic acquired subsequently showed well to be off structure Moftinu-1001 Drilled in November 2014 Three…
  11. Corporate Presentation – Serinus Energy Inc. – slide 11
    Ukraine Overview 5 blocks, all operated, 70% WI(1) Total of 370 km2 (gross) under licence Own and operate drilling, snubbing and workover rigs, and gas facilities with 68 MMcf/d capacity Inventory of drilling locations WI…
  12. Corporate Presentation – Serinus Energy Inc. – slide 12
    Ukraine: Economics Survive Under New Royalties Loss of Relief Period on New Wells will Materially Slow Activity On January 1, 2015, the Ukrainian government made permanent the higher royalty rates first imposed in August 2014 as a…
  13. Corporate Presentation – Serinus Energy Inc. – slide 13
    Ukraine: Netbacks Ukraine After Tax Netbacks 2011 - 2014 14,00 30 000 12,00 25 000 10,00 5,80 20 000 Mcfe/d /Mcfe 8,00 6,02 3,69 6,29 5,67 15 000 6,00 4,25 1,46 2,34 0,93 0,85 10 000 4,00 0,09 0,89 1,29 2,19 1,46…
  14. Corporate Presentation – Serinus Energy Inc. – slide 14
    Ukraine: Development History Ukraine Production History 2010 - 2015 30 Rates restricted due to sales gas 25 MMcfe/d (SEN 70% WI) specification issues Annual Growth Rates Since Q3 2010: 20 to Q3 2014: 67% to Q4 2014: 58% 15…
  15. Corporate Presentation – Serinus Energy Inc. – slide 15
    Ukraine: Stacked Pay Increases Chance of Success Dnieper-Donetsk is a Good Basin 19 zones in four geologic units have shown hydrocarbons to date in KUB-Gas licences Not all zones present in every well Not unusual for any single…
  16. Corporate Presentation – Serinus Energy Inc. – slide 16
    Ukraine: Exploration and Development NM-3 Visean Oil Ukraine licences O-15 Serpukhovian Gas Discovery - July 2013 Discovery July 2013 still have significant potential Ukraine Resource Assessment1 NM-3 Licence Contingent…
  17. Corporate Presentation – Serinus Energy Inc. – slide 17
    Valuation Market Capitalization Current Share Price (Feb 6, 2015) (USD) 0.90 (C1.13) Shares Outstanding (millions) 78.63 Market Capitalization (MM) 70.8 Net Debt1 (Sept 30, 2014) (MM) 29.5 (2) Enterprise Value (MM) 100.3 SEN…
  18. Corporate Presentation – Serinus Energy Inc. – slide 18
    2015 Capital Program 17 million Capital Program 2015 capex is constrained by two critical factors Commodity prices Tighter fiscal terms in Ukraine further restrict available cash flow, and make some projects economically unviable…
  19. Corporate Presentation – Serinus Energy Inc. – slide 19
    Recap Significant Growth Potential in all Three Countries Ukraine operating success repeated in Tunisia and Romania Both Ukraine and Tunisia are cash flow positive at current and lower commodity prices Tunisia significant Sabria…
  20. Corporate Presentation – Serinus Energy Inc. – slide 20
    Appendix 23
  21. Corporate Presentation – Serinus Energy Inc. – slide 21
    Property Types and Fiscal Terms Property Working VAT Oil/Liquids Royalty Gas Royalty Income Tax Interest Ukraine 70% 20% 45% (net of VAT)(3) 55% (net of VAT)(3) 18% (All blocks) Chouech Es Saida 100%(1) - 15% 15% 35% (Permit) Ech…
  22. Corporate Presentation – Serinus Energy Inc. – slide 22
    Board of Directors Helmut J. Langanger (Vienna) Director, Chairman Retired, formerly Group Executive Vice President EP, member of the Executive Board, and Managing Director Upstream for OMV Group. Also served as Managing Director at…
  23. Corporate Presentation – Serinus Energy Inc. – slide 23
    Analyst Coverage Canaccord Genuity Christopher Brown FirstEnergy Capital Stephane Foucaud Macquarie Capital Brian Bagnell Maison Placements Josef Schachter Concorde Capital undisclosed 27
  24. Corporate Presentation – Serinus Energy Inc. – slide 24
    Investor Contact For further information, please refer to the Serinus Energy website www.serinusenergy.com or contact us directly: Mr. Norman W. Holton Mr. Gregory M. Chornoboy Mr. Jakub Korczak Vice Chairman Director Capital…

From the store

Browse maps, data & reports in the Shale Experts store