September 2012 Investor Presentation Offshore Morocco work program significantly ahead of schedule Farmout preparations commence with appointment of manager Net prospective resources of 2.4 billion barrels (mean) Subscribe to…
Mazagan permit Total area of 10,900km2 (2.7m acres) 3,570km2 of modern 3D seismic Operator and 75% interest holder Net 2.4 billion barrels of mean prospective recoverable resources (Source: RISC)) 2
Snapshot PRICE CHART ASX Code PVD 0.40 Issued Capital 0.30 Ordinary Shares 52.2m 20c Partly Paids (paid to 1c) 23.0m 0.20 Management Incentives 0.10 40c Options 5.0m Performance Rights 10.0m 0.00 Feb 12 Mar 12 Apr 12 May 12 Jun 12…
Management team Damon Neaves David Ormerod Bevan Tarratt Managing Director Technical Director Chairman Formerly BDM for Tap Oil Over 25 years industry experience Accounting industry background focused on small/mid caps Led Business…
Moroccan activity Agadir basin - proven hydrocarbon system with onshore oil and gas production Shows in 80% of wells drilled offshore Morocco Recent significant increase in transactional activity: REPSOL GAS DICOVERY Kosmos has…
Prospectivity UNRISKED PROSPECTIVE OIL RESOURCES (RECOVERABLE) Significant resource potential Three independent play types with multiple TRENDS MEAN (mmbbl) prospects & leads Huge Toubkal prospect 790 mmbbl (mean) Miocene trend…
Drilling inventory INVENTORY OF PROSPECTS & LEADS DATA SOURCE: RISC INDEPENDENT RESOURCE ASSESSMENTS 30% Toubkal Zagora 25% Amchad Jbel Musa CHANCE OF SUCCESS 20% Jbel Ayachi Jbel Lakhdar 15% Jbel Tifidi Jbel…
Major discoveries in the West African transform margin have spurred a land grab along the North African coast KOSMOS (2008-10) ANADARKO (2009) ODUM, TEAK VENUS KOSMOS (2007) JUBILEE ANADARKO (2010) MERCURY CNR (2001) TULLOW…
Near-term value drivers KEY OBJECTIVES FOR 2012 1. Complete drop core program to test for oil seeps 2. Complete seismic reprocessing de-risk prospects and recognise additional resources 3. Secure farm-in partner to fund drilling program…
Miocene trend Independent resource assessment completed by RISC Miocene plays are combined structural/stratigraphic traps high success rates worldwide Prospects exhibit strong amplitude support or DHIs (Direct Hydrocarbon…
Seismic amplitudes on Toubkal WATER AMPLITUDE SCALE LOW OIL SALT (WATER) MODERATE (OIL) HIGH (GAS) GAS SEISMIC AMPLITUDE MAP RESERVOIR 150m gross column OIL/WATER CONTACT High quality 3D seismic Direct…
Jubilee analogue OIL WATER CONTACT LIMIT OF RESERVOIR OIL WATER CONTACT LIMIT OF RESERVOIR TOUBKAL STATS. JUBILEE STATS. WATER DEPTH (m) 1,200 WATER DEPTH (m) 1,250 TOUBKAL POTENTIAL RESOURCES P90 P50 180 560…
Lower Cretaceous trends Two separate trends containing several large-scale prospects & leads Lower Cretaceous reservoir encountered in wells offshore Morocco Recognised major play fairway in Morocco GROSS UNRISKED PROSPECTIVE…
Lower Cretaceous toe thrusts Simple four way structural closures JBEL AYACHI 222 mmbbl (mean) JBEL MUSA 202 mmbbl (mean) JBEL LAKHDAR 97 mmbbl (mean) RESERVOIR JBEL MUSA 14
Lower Cretaceous inversion anticlines Numerous large deep water targets Jbel Tadrart Jbel Aroudane Jbel Talmest JBEL TALMEST 280 mmbbl (mean) JBEL AROUDANE 247 mmbbl (mean) 26 km JBEL TADRART 622 mmbbl (mean)…
Why invest Mature drill-ready prospects Modern, high quality 3D seismic data over Mazagan has revealed Direct Hydrocarbon Indicators (DHIs) on drilling prospects Significant upside Independently certified mean prospective resources of…
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