Mazagan, Offshore Morocco (23% interest) Q1 2015 - High Impact Drilling MZ-1 scheduled to spud in Q1 Water depth: 2,176m Firm TD: 5,600m TVDSS Contingent TD: 6,150m TVDSS Unique location where four stacked targets can be tested by a…
Corporate Snapshot CAPITAL STRUCTURE RESEARCH COVERAGE Issued Capital Broker Analyst Date Ordinary Shares (ASX:PVD) 133.40m Tim Hurst-Brown Mirabaud 19 December 2014 +44 20 7866 0092 Unquoted securities 30.23m Simon Andrew Market…
Three Quality Assets, Offshore West & East Africa MAZAGAN NKEMBE GABON AMBILOBE 4 4
Mazagan, Offshore Morocco Unique Location MZ-1 well designed to: Penetrate up to 5 stacked targets Penetrate source rocks Test multiple play types MZ-1 WELL The Lower Jurassic fans are inter-bedded LOCATION within the source…
Mazagan, Offshore Morocco Multiple Stacked Prospects Mid-Miocene Channels Vertical alignment of multiple targets at Cretaceous (No trap but calibration) (Cenomanian & Aptian) and Jurassic levels Large structural traps in the…
Mazagan, Offshore Morocco MZ-1 Cretaceous Targets Cenomanian Target Level MZ-1 (Cretaceous) DEPTH MAP AMPLITUDE MAP Depth Section Depth NOTIONAL WELL section OUANOUKRIM EAST Anticlinal Structure Cenomanian 23 km2 Aptian…
Mazagan, Offshore Morocco MZ-1 Lower Jurassic Fan Targets MZ-1 (Lower Jurassic Fans) MZ-1 has multiple stacked deep NOTIONAL WELL water fans within the Lower Zoom Salt Jurassic interval that are inter- bedded within the assumed…
Mazagan, Offshore Morocco Option for Additional Carry Carry under original farmin agreement capped at US215 million Newly negotiated option allows PVD to continue carry beyond the US215 million cap, at PVDs election, if Freeport…
Nkembe, Offshore Gabon In the Heart of a Proven Oil Basin 100% interest1 and Operator Pre-salt fields / discoveries Inset: Gabon Basin Neighbouring Super Majors and producing oil fields Farm out underway to secure partner to fund…
Nkembe, Offshore Gabon Multiple Stacked Targets Mouveni and Palomite areas contain stacked Lancon Deep targets providing potential for testing of multiple prospects with a single well LOBA FIELD & LOBA DEEP The Loba Oil Field…
Nkembe, Offshore Gabon 1.3 Billion Barrel Potential to PVD, Multiple Play Types Net prospective Gross prospective resources Nkembe Permit resources (mmbo, unrisked)2,3 (mmbo) 2,3 Total net mean prospective resource Prospect Name…
Ambilobe, Offshore Madagascar (50% interest) Large Strategic Footprint in East Africa Entry into prolific East African region 3D survey scheduled to commence late Q1 2015 Stability, growth and foreign investment returning to…
Ambilobe, Offshore Madagascar Large Leads in the Multi Hundreds of mmbo Large scale structures created by salt similar to Mazagan in Morocco Salt Salt 5 km Salt DHI Leads 1 km DHI Lead SEISMIC SECTION 14
Ambilobe, Offshore Madagascar 2015 3D Seismic Survey 1,250 km2 3D survey targeting significant prospectivity Scheduled to commence late Q1 2015, subject to vessel availability Cluster of leads to be targeted by 3D seismic…
Ambilobe, Offshore Madagascar Explosion of Activity Around Madagascar 16
Investment Summary High-impact, carried deepwater drilling program PVD carried by Freeport-McMoRan Oil & Gas for two firm deepwater wells offshore Morocco (up to a maximum of US215 million) plus an option for additional carry (if…
Directors JEFF DOWLING, NON-EXECUTIVE CHAIRMAN DAMON NEAVES, MANAGING DIRECTOR RIC MALCOLM, NON-EXECUTIVE DIRECTOR Formerly Managing Partner at Ernst & Young in Founder of Pura Vida Energy. Professional geoscientist with 33 years…
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