Greenfields Petroleum Corporation Investor Update First Energy Capital September 15, 2014 London TSX.V: GNF & GNF.DB
Bahar ERDPSA Offshore Shallow Water Caspian Sea The Neighborhood of Big Oil and Gas Billion Barrel and Multi TCF Fields Neft Dashlary Field 1,200 MMBO Gum-Deniz Field CUM 212 MMBO REM 329 MMBO(1) Guneshli Field 9.7 TCF ,…
Exploration Rehabilitation Bahar ERDPSA Development Production Sharing Agreement Contractor Parties 80% Bahar Energy Limited (BEL) 1/3 Greenfields Petroleum Corporation (publically listed company on TSX Venture Exchange) 2/3…
Greenfields Petroleum 2014 Q1&2 Net Production 1,708 BOE/d BAKU Debt 25 Million Convertible Debenture 24 Million Line of Credit 21 Million Net Reserves (P1+P2)* 5.3 MMBO 65.1 BCF 16.2 MMBOE Asset Valuation PV10…
Key Highlights Successes in three new offshore oil wells (GD 715, 716, & 714) Production as high as 10,000+ BOEPD Met 1.5X Production Goal January 2014 Met 2.0X Production Goal March 31, 2014 Gum Deniz and Bahar workovers and…
Next Steps Commercial Heaney Capital provided a Line of Credit (21MM) to Greenfields Greenfields loaned Default Amount (16.5MM) to project to pay Baghlan cash calls, pursuant to the Shareholders Agreement GNF working with SOCAR to…
Next Steps Development Oil and Gas recompletions and workovers successful and less expensive Expanding program and adding more ESPs Reduce operating costs Drilling of new oil wells Suspend drilling program until results of 3D…
Greenfields Petroleum Corporation Primary Focus of Creating Shareholder Value Bay of Baku is a natural harbor on the shore of the Absheron Peninsula 10
Contact Information Greenfields Petroleum Corporation John Harkins CEO Wayne Curzadd CFO Phone: (832) 2340810 Phone: (832) 2340835 Facsimile: (832) 2340823 Facsimile: (832) 2340823 John.Harkinsgreenfieldspetroleum.com…
Additional Materials
Key Technical Learnings Bahar Gas Field Limited Seismic some recent 2D Recompletions adding value and gas volumes Gas price may increase closer to European prices when TANAP (2018) Gum Deniz Oil Field Limited Seismic Acquired…
Commercial Issues Local Partner (Baghlan) not funding January to May 2014 cash calls (16.5MM) Heaney Capital provided a Line of Credit (21MM) to Greenfields Greenfields loaned Default Amount (16.5MM) to project to pay Baghlan cash…
3D Seismic Gum Deniz Gum Deniz oil field has had limited 2D Seismic acquired in 2012 Currently acquiring 120 sq. Km. 3D seismic Acquisition to complete in November 2014 Processing and interpretation in Q1 2015
Gum Deniz 3D Seismic Data Recorded (60 of 120 sq. km.) Limit Full Fold Coverage Acquired Data areas Limit of Block 9 Templates recorded: 8,9,11,12,13,14,15,16,17 58.9 km2 Full Fold
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