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Corporate Presentation – Providence Resources, Inc.

Providence Resources, Inc. · Feb 28, 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 – Providence Resources, Inc. – slide 1
    Providence Exploring Irelands Offshore Corporate Presentation February 2015 1
  2. Corporate Presentation – Providence Resources, Inc. – slide 2
    CORPORATE INFORMATION Irish based E&P Group Over 30 years exploring offshore Ireland Irish headquartered & managed Geographic Focus Ireland & UK (offshore) Explore, Appraise & Develop Offshore Portfolio Largest and most…
  3. Corporate Presentation – Providence Resources, Inc. – slide 3
    2015 CORPORATE OBJECTIVES Farm out of BARRYROE* SPANISH POINT appraisal well** Complete processing of 3D & 2 D seismic on: DROMBEG in advance of intended farm out for future drilling (post 2015) NEWGRANGE in advance of intended…
  4. Corporate Presentation – Providence Resources, Inc. – slide 4
    PROVIDENCE IS CENTRAL TO THE IRISH E&P SECTOR FOUR MAIN AREAS OF FOCUS NEAR SHORE/SHALLOW WATER EXPLORATION AREAS c. 0 100 metre water depth 2D seismic coverage Well Control NEAR SHORE APPRAISAL AREAS c. 100 metre water depth…
  5. Corporate Presentation – Providence Resources, Inc. – slide 5
    PROVIDENCE FOCUS PROJECTS TWO SIGNIFICANT APPRAISAL PROJECTS Providence has an interest in net audited un-risked 2C Contingent Resources of c. 333 MMBOE REC in the Spanish Point and Barryroe projects Additional gross un-risked…
  6. Corporate Presentation – Providence Resources, Inc. – slide 6
    BACKGROUND TO PLACING & OPEN OFFER BARRYROE FARM OUT PROCESS Exola Limited (a wholly owned subsidiary of the Company) has reached agreement on commercial terms with a proposed farminee in relation to a farm out agreement (and related…
  7. Corporate Presentation – Providence Resources, Inc. – slide 7
    DETAILS OF PLACING & OPEN OFFER ANNOUNCED ON FEBRUARY 25th, 2015 Placing Offer, subject to inter alia shareholder approval at an Extraordinary General Meeting, to raise approximately US25.75 million (before expenses) through the…
  8. Corporate Presentation – Providence Resources, Inc. – slide 8
    DETAILS OF PLACING & OPEN OFFER It is anticipated that the net proceeds of the Placing Offer and the Open Offer will be used principally for the following purposes: Firstly, to fund general working capital to cover general and…
  9. Corporate Presentation – Providence Resources, Inc. – slide 9
    BARRYROE OIL FIELD, NORTH CELTIC SEA AUDITED GROSS ON BLOCK RESOURCES OIP REC 2C/P50 2C/P50 Main Sands MMBO MMBO AUDIT Middle Wealden - oil 287 45 RPS Basal Wealden - oil 761 266 NSAI 1,048 311 Associated gas (BOE) 35 346 MMBOE…
  10. Corporate Presentation – Providence Resources, Inc. – slide 10
    BARRYROE OIL FIELD PHASED DEVELOPMENT Potential Phase 1 : First Phase Development Concept Core Area Appraisal/pre-Development Drilling WHP + Leased FPSO - or - Subsea + Leased FPSO 30,000 BOPD peak rate* OR Subsea + WHP +…
  11. Corporate Presentation – Providence Resources, Inc. – slide 11
    SPANISH POINT FIELD, NORTHERN PORCUPINE SPANISH POINT - AUDITED GROSS RESOURCES Tested well and modern 3D PSDM seismic coverage 2011 Senergy CPR Resource Audit 1C Contingent Resources c. 52 MMBOE REC 2C Contingent Resources c. 97…
  12. Corporate Presentation – Providence Resources, Inc. – slide 12
    SPANISH POINT FIELD, NORTHERN PORCUPINE Detailed re-analysis of the original 35/8-2 well data is now supportive of the stacked reservoir contact scenario with an associated un-risked HIIP of c. 730 MMBOE (2,034 BCF & 391 MMBC) and…
  13. Corporate Presentation – Providence Resources, Inc. – slide 13
    Ireland - Conjugate Margins NORTH ATLANTIC JURASSIC SOURCE ROCK SUPERHIGHWAY 14
  14. Corporate Presentation – Providence Resources, Inc. – slide 14
    DUNQUIN SOUTH OIL PROSPECT, SOUTHERN PORCUPINE PROSPECT DETAILS Two isolated carbonate platforms Dunquin North & South Dunquin North exploration well (2013) c. 44m residual oil column encountered in massive over-pressured high…
  15. Corporate Presentation – Providence Resources, Inc. – slide 15
    DROMBEG OIL PROSPECT, SOUTHERN PORCUPINE PROSPECT DETAILS 1,000 km 2D survey carried out in 2008 Interpreted Significant Lower Cretaceous seismic anomaly linked to underlying fluid escape feature Low impedance, Class II AVO, EEI…
  16. Corporate Presentation – Providence Resources, Inc. – slide 16
    NEWGRANGE PROSPECT, GOBAN SPUR PROSPECT DETAILS 500 km 2D seismic survey carried out in 2006 Significant structure identified in basin Cretaceous target c. 400 metres BML in 1,000m water depth Structural closure covers c. 1200 km2…
  17. Corporate Presentation – Providence Resources, Inc. – slide 17
    PROVIDENCE PROGRAMME TARGETING c. 4.750 BBOE* MULTI-BASIN DRILLING PROGRAMME 4 1. Barryroe Oil Field, North Celtic Sea Basin (PVR-80%) FIELD SIZE (2C): 346 MMBOE REC Appraisal well drilled in 2012 2 pre-development wells (* subject…
  18. Corporate Presentation – Providence Resources, Inc. – slide 18
    PORTFOLIO MANAGEMENT 19
  19. Corporate Presentation – Providence Resources, Inc. – slide 19
    CUCHULAIN OIL PROSPECT, SOUTHERN PORCUPINE PROSPECT DETAILS Licence covers c. 1500 km2 area west of the Dunquin North Lower Cretaceous 600 MMBOE residual oil accumulation ENI has carried out 3D seismic surveying over the acreage…
  20. Corporate Presentation – Providence Resources, Inc. – slide 20
    DRAGON GAS FIELD, ST. GEORGES CHANNEL DRAGON FIELD DETAILS Upper Jurassic sandstone discovery Tested well and 3D PSDM seismic coverage c. 300 BSCF REC (P50)* LICENCE ACREAGE Both UK and Irish blocks held 100% by Providence 2D & 3D…
  21. Corporate Presentation – Providence Resources, Inc. – slide 21
    KISH OIL PROSPECT, KISH BANK PROSPECT DETAILS Significant Lower Triassic structural closure mapped on 2D seismic data P50 REC 210 MMBO (PVR) Provisional exploration well location agreed East Irish Sea projects analogues Douglas,…
  22. Corporate Presentation – Providence Resources, Inc. – slide 22
    POLARIS OIL PROSPECT, RATHLIN REGIONAL ACTIVITY Hydrocarbon concept proven by Rathlin Energy Limiteds onshore Ballinalea-1 oil discovery well (2008) Rathlin Energy Limited are currently planning a well to appraise the Ballinalea-1…
  23. Corporate Presentation – Providence Resources, Inc. – slide 23
    SILVERBACK OIL PROSPECT, SOUTH CELTIC SEA PROSPECT DETAILS Licensing Option covers c. 1,500 km Seismic reprocessing and inversion of available 2D data over the c. 170 km2 Lower Triassic Silverback structure Mapping and…
  24. Corporate Presentation – Providence Resources, Inc. – slide 24
    Providence Resources Plc www.providenceresources.com

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