May 2012 Investor Presentation N+1 Brewin releases 12-month price target of 0.95 Net 2.4 billion barrels of mean prospective resources (recoverable) Mazagan exploration program underway Subscribe to FRONTIER - visit our…
Mazagan permit Significant exploration potential Total area of 10,900km2 (2.7m acres) Net 2.4 billion barrels of mean prospective Operator and 75% interest holder recoverable resources (Source: RISC) 3,570km2 of modern 3D seismic RNAV…
Prospectivity Total mean prospective resources of 2.4bn bbl (net to Pura Vida) Independent play types defined on 2D & 3D data in the Miocene and Lower Cretaceous REPSOL GAS DISCOVERY Essaouira basin - proven hydrocarbon system…
Land grab along the central Atlantic margin Combined structural/stratigraphic traps supported by DHIs on 3D seismic have been drilled with considerable success in along the West African transform margin This success has…
Mid Miocene resources Independent resource assessment completed by RISC Miocene plays are combined structural/stratigraphic traps Prospects exhibit strong amplitude support or DHIs (Direct Hydrocarbon Indicators) Huge Toubkal…
Lower Cretaceous resources Lower Cretaceous plays are conventional four-way dip closures Recognised major play fairway GROSS UNRISKED PROSPECTIVE OIL RESOURCES (MMBBL - RECOVERABLE) PROSPECTS LOW BEST HIGH MEAN JBEL MUSA 32…
Near-term value drivers Pura Vida Energy 2012 2013 Timeline Nov Dec Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Admission to ASX IMPROVE RISKING & RECOGNISE TESTING FOR ADDITIONAL RESOURCES Drop core program OIL SEEPS Seismic reprocessing DIVERSIFY…
N+1 Brewin research a strong buy case exists on RATINGS COMPARISON (RISKED EV/BOE) a peer comparison basis N+1 BREWIN N+1 Brewin is a leading UK corporate and institutional stockbroker with a highly regarded oil & gas research…
Management team Damon Neaves David Ormerod Bevan Tarratt Managing Director Technical Director Chairman Formerly BDM for Tap Oil Over 25 years experience in the Accounting industry background oil and gas sector focused on small/mid…
Seismic amplitudes on Toubkal WATER AMPLITUDE SCALE LOW OIL SALT (WATER) MODERATE (OIL) HIGH (GAS) GAS SEISMIC AMPLITUDE MAP RESERVOIR OIL/WATER CONTACT SEISMIC SECTION 10
3D view of seismic amplitudes on Toubkal looking toward the coast SALT STRUCTURES TOUBKAL AMTOUDI 11
Jbel Musa Simple four way structural closures Jbel Musa Jbel Ayachi Reservoir Jbel Lakhdar Jbel Musa 12
Lower Cretaceous prospects Simple four way structural closures Jbel Tadrart Jbel Aroudane Jbel Talmest Jbel Talmest Jbel Aroudane 26 km Reservoir Jbel Tadrart Jbel Azavza 13
Why invest Mature acreage Modern, high quality 3D seismic data over Mazagan has revealed Direct Hydrocarbon Indicators (DHIs) on drilling prospects Significant upside Independently certified mean potential resources of 2.4 billion…
Corporate information Head Office Directors Level 8 Damon Neaves, Managing Director 225 St Georges Terrace David Ormerod, Technical Director Perth WA 6000 Bevan Tarratt, Non-Executive Chairman t: +61 8 9486 4036 f: +61 8 9486 4799…