April 2013 Investor Presentation US230 million farmout secures funding for two deep water wells on Mazagan permit, offshore Morocco Pura Vida free carried on drilling of the 1.5 billion barrel (350 mmbo net) Toubkal prospect in…
A developing portfolio of highly prospective acreage MAZAGAN Multi-billion barrel resource potential Free carried two well program, first well Q1 2014 1 in 3 chance of success Significant drilling activity offshore Morocco…
Snapshot Issued Capital RESEARCH COVERAGE Ordinary shares (ASX: PVD) 72.0m Broker Analyst Date 20c partly paid shares (paid to 1c) 21.9m Incentive options (35c) 3.0m Peter Gray Hartleys 7 Mar 2013 Incentive options (25c) 1.5m +61 8…
Track record Strong delivery since inception with all stated milestones achieved in 2012 CORPORATE MILESTONES 2011 2012 2013 SCORECARD MAZAGAN MILESTONES Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Award of Mazagan IPO Drop core program…
2013 look ahead Multiple value-adding catalysts in near term 5
Management team Damon Neaves David Ormerod Bevan Tarratt MANAGING DIRECTOR TECHNICAL DIRECTOR NON-EXECUTIVE CHAIRMAN Formerly BDM for Tap Oil Over 25 years industry experience Accounting industry background focused on…
Management team (cont) Simon Horan Andrew Morrison Phil Ormerod SENIOR GEOLOGIST NEW VENTURES MANAGER DRILLING MANAGER Extensive operational experience in 25 years experience in the oil and gas Over 25 years experience in the…
MAZAGAN PERMIT, MOROCCO Mazagan Permit, Offshore Morocco Farmout secures funding for drilling program targeting multiple plays Pura Vida free carried Secures up to US215 million of exploration expenditure with Pura Vida free…
2013/14 drilling program offshore Morocco 9-10 wells to be drilled offshore Morocco (including Pura Vidas two wells) Up to 3 rigs operating concurrently Drilling activity and news flow to commence Q4 2013 Any discovery will have…
Seismic amplitudes on Toubkal WATER AMPLITUDE SCALE LOW OIL SALT (WATER) MODERATE (OIL) HIGH (GAS) GAS SEISMIC AMPLITUDE MAP RESERVOIR 150 metre gross column OIL/WATER CONTACT High quality 3D seismic Direct…
Significant prospectivity Data source: DeGolyer & MacNaughton Independent resource estimates prepared by PROSPECTIVE OIL RESOURCES (RECOVERABLE) recognised industry leader, DeGolyer & MacNaughton TRENDS MEAN (mmbbl) Pg* Three…
NKEMBE BLOCK, GABON Nkembe block Pura Vidas second offshore oil project in a proven oil producing basin 80% interest and Operatorship in proven oil producing basin 1,000 km2 of existing 3D seismic Exposes Pura Vida to a wide…
Mature, oil prone basin Surrounded by producing oil fields Potential for near-term appraisal of 20 mmbo LANCON Loba M 1 discovery Significant upside in pre-salt and sub-salt oil plays Gabon and Angola are conjugate to Brazil…
20 mmbo Loba M 1 discovery LOBA RESERVOIR DISCOVERED IN 1976 BATANGA FORMATION (PRODUCING NEARBY) PETROPHYSICAL LOG 150 METRE GROSS COLUMN/ 46 METRE NET DRILLED ON EDGE OF OIL COLUMN STRUCTURE NOW DEFINED ON 3D LOBA M 1…
Loba M 1 Discovery in post salt Loba M 1 tested the geology above the salt The diagram (right) illustrates the Loba M 1 well path which found a shallow oil zone Deeper sub-salt reservoirs are known in the area with traps…
Why invest High-impact, fully funded drilling program Pura Vida free carried for 2 wells, first well Q1 2014 targeting 350 mmbo net to Pura Vida Significant value in success case One in three chance of success of Toubkal prospect (Q1…
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