Petromanas Energy Inc.

Size: px
Start display at page:

Download "Petromanas Energy Inc."

Transcription

1 October 2014 Petromanas Energy Inc. Information Memorandum Petromanas Energy Inc. ("Petromanas" or the "Company") has initiated a process to identify potential strategic alternatives relating to the sale of all or a portion of the world class oil opportunity which it is developing in Albania with its partner, Royal Dutch Shell plc ("Shell"). We contemplate that a successful transaction would result in a corporate sale, combined with a spin-out to existing shareholders of the Company's assets in France and Australia, but other transaction structures will be considered. Petromanas has retained Peters & Co. Limited ("Peters & Co.") as its exclusive financial advisor to assist in this process. Data rooms will open the second week of October 2014 with a bid date to be set in the fourth quarter of Petromanas Corporate Highlights Rare World Class Oil Opportunity: Petromanas holds a 25% working interest in Blocks 2 and 3 in Albania which cover over 213,000 net acres. The Blocks have underlying prospects ranging from 142 to 233 MMBOE recoverable resource. Strategic Early Entry Opportunity: Targeting high impact, large oil-in-place and under-explored light oil resource in Albania. Exploration and Development: Two sub-thrust prospects quantified by GLJ Petroleum Consultants Ltd. ("GLJ"). Nine existing oil fields on Blocks 2-3 owned by other operators. Albania boasts Europe's largest onshore oilfield, Patos Marinza (5.4 billion barrels OOIP). Analogs: Direct analogs are the Val D'Agri and Tempa Rossa oil fields in Southern Italy. Val D'Agri is by far the most significant producing oil development in Italy, and is being developed by Shell and its partners in multiple stages, with anticipated peak oil production of 100,000 BOE/d. The Tempa Rossa oil field, east of Val D'Agri, is expected to produce at a production plateau of approximately 50,000 BOE/d. Joint Venture Partner: Petromanas' partnership with Shell validates the resource potential of the play, and affords Petromanas the ability to leverage Shell's long-term experience developing analog plays in Italy. Development is Accelerating: Petromanas and Shell are negotiating to secure a second rig to accelerate commercialization of the oil field and proceed to full field development of sustainable long-term production estimated at 40,000 BOE/d. Material Upside: July 2011 resource report estimated (Pmean) UPIIP of 856 and 528 MMBOE and unrisked prospective resources of 233 and 142 MMBOE at Shpirag and Molisht, respectively. An updated resource evaluation by GLJ is expected in October 2014 which will include additional prospects not yet quantified. Stable Operating Environment: Albania is a WTO member, NATO member and a candidate for European Union membership. Favourable Economics: Albania's energy sector features attractive fiscal terms and access to Brent pricing given its strategic location and allowance for crude oil exports. Petromanas Overview Peters & Co. Limited J.G. (Jeff) Lawson 2300 Jamieson Place 308 Fourth Avenue SW Calgary, Alberta, Canada Principal, Corporate Finance (403) Steve R. Woima T2P 0H7 Principal, Head Acquisitions & Divestitures (403) This Information Memorandum is prepared solely for the use of certain qualified Interested Parties to provide information only. The information contained herein, while obtained from sources that we believe to be reliable, is not guaranteed as to its accuracy or completeness. This information summary is for information purposes only and does not constitute an offer to sell or a solicitation to buy securities of Petromanas Energy Inc.

2 Albania Overview Country Overview Albania is bordered by Montenegro and Kosovo to the north, Macedonia to the east, Greece to the southeast and the Adriatic and Ionian seas to the west. Capital city: Tirana; currency: Albanian lek; language: Albanian; population: 3,020,209 (July 2014). Albania declared its independence from the Ottoman Empire in 1912, was conquered by Italy in 1939, was occupied by Germany in 1943 and came under communist rule in As a communist state, Albania allied with the USSR until 1960 and China until During the early 1990s Albania established a multi-party democracy leading to a period of instability, but has since become a member of NATO, a member of the WTO and is a European Union candidate. Oil & Gas Overview Historically, all petroleum activities in Albania were conducted by Albpetrol (Albania's state owned oil company). Albania held its first and second onshore licensing rounds in 1992 and 1994, respectively. Companies awarded 11 total blocks in the licensing rounds included: Shell, Coparex, INA Naftaplin of Croatia, OMV, Enterprise, Gulf Canada Resources, MOL, Occidental, Lundin Petroleum and Forest Oil International. The first offshore licensing round in Albania occurred in 1990 and resulted in the award of a total of five blocks to Deminex, OMV, Eni, Occidental, Chevron and BHP. In 1997 Albania was engulfed by civil unrest and exploration activity in the country ceased. By the early 2000s a degree of stability had returned and exploration activity resumed. Albania Onshore Blocks In February 2010, Petromanas completed the acquisition of three onshore PSCs in Albania containing six licenses and changed its name from "WWI Resources Ltd." to "Petromanas Energy Inc". By June 2013 Petromanas had farmed-out a 75% interest in Blocks 2 and 3 to Shell. As of 2013, the only foreign companies involved in onshore exploration were Petromanas, Shell, Bankers Petroleum Ltd., Stream Oil & Gas Ltd. and Transoilgroup AG. As of 2013 Albania was a net exporter of oil and produced approximately 24,000 Bbls/d. In January 2014, the country had estimated proved plus probable reserves remaining of 176 million Bbls of oil and 17 Bcf of gas. Regulatory Framework In order to recover resources in Albania, an interested party must typically obtain a Production Sharing Contract ("PSC"). However, it is possible for a party to explore by means of aerial, geophysical, geochemical, paleontological, geological, topographical and seismic surveys through the use of a non-exclusive Reconnaissance Permit. The PSC's initial exploration period is for a period of up to three years including a minimum work program, which can be extended for two additional exploration periods up to a maximum of seven years. When a commercial discovery is made, the operator may extend the agreement for up to 25 years for development and production. At the end of the initial exploration period 25% of the original contract area must be surrendered. A further 25% of the remaining contract area must be surrendered at the end of the second exploration period. At the termination of the exploration periods all remaining acreage not deemed a commercial discovery is relinquished. The responsibility for energy matters in Albania lies with the Ministry of Energy and Industry. Within this Ministry the responsibility for petroleum activities lies with the National Agency for Natural Resources (AKBN). 2

3 Albania Petromanas Contracts, Joint Operating Agreement and Regional Infrastructure Petromanas PSC Terms & Joint Operating Agreement (Blocks 2-3) Working Interest: 25% Petromanas (Operator); 75% Shell. Shell equalized sunk costs. Shell to carry Petromanas on current drilling program (Blocks 2-3): Shpirag-2 well carry to gross $50 million cap; Molisht-1 well carry to gross $50 million cap; Shpirag-3 carry to gross $42.5 million cap; Seismic program actual carry to gross $33.5 million; and If actual well cost is less than cap amount, the increment is paid to Petromanas. Shell technical assistance carry to gross $2 million. Status: In January 2014 Petromanas informed the Albanian government of a discovery on Blocks 2-3 and the Blocks are currently in their second exploration period. Albania Work Program Blocks 2-3 Required Minimum Work Completion Requirement Period 2 June 2016 Geological and geophysical studies Spudding an exploration well to 4,000 meters Fiscal Terms Each licensed block is a negotiated PSC (terms may vary with agreement). Once work commitments are completed, the operator earns 100% working interest in all oil and gas production from the PSC, less a government take. This includes: Before cost recovery: Royalty of 10%. After cost recovery: Royalty of 10%; Government allocation of 0 to 5% of gross revenue; Government profit share of 0 to 15% of profit oil; and Profit tax of 50% of net profit of company profit share. Production bonus payments depending on the PSC agreement. Oil and natural gas can be fully exported and sold at Brent based prices. VAT (20%) exemption for all oil and gas exploration goods and services. USD $300,000 $8,000,000 Period 3 Within two Geological and years of geophysical studies $300,000 period 2 Spudding an exploration well to 4,000 meters $8,000,000 Albanian Onshore Infrastructure Oil Infrastructure Pipeline from Patos Marinza field to Fier Hub. New four lane highway with trucking capability of 30,000 Bbls/d from Fier Hub to Vlore. 70,000 Bbls/d (Bankers Petroleum) pipeline approved connecting the Fier Hub to the Vlore port. Petrolifera port terminal in Vlore with tanker loading capacity of 60, ,000 Bbls (expansion planning underway). Older 12 inch, 196 km crude oil gathering pipeline connects Patos Marinza, Kucova oil fields, Ballsh and Fier refineries to Vlore Port. Gas Infrastructure Trans Adriatic Pipeline ("TAP") proposed route from Turkey / Greece through Albania and across Adriatic Sea to Italy. Refining Infrastructure Two refineries located near Petromanas' acreage at Ballsh and Fier; both are currently offline. 3

4 Albania Geology Regional Geology Albania Geology Conventional, Thrust Belt Geology: Onshore Albania is a world-class hydrocarbon province located within deformed foreland basin associated with the Albanide fold and thrust belt. Established Albanian Oil and Gas Fields: Numerous large oil and gas/condensate fields are located proximal to the Petromanas' Shpirag Discovery and Molisht Prospect. Large Analog Oil Fields: Similar geological and hydrocarbon setting in southern Italy with established Billion barrel oil fields. Albania-Italy Regional Cross Section - Comparison to Analog Oil Fields 4

5 Albania Geology Oil and Gas Fields Petromanas Oil Discoveries and Research GLJ Prospective Resource Evaluation UPIIP Mean Results Unrisked Prospective Resources Mean Results Prospect MMBbls Bcf MMBOE MMBbls Bcf MMBOE Shpirag 614 1, Molisht Source: GLJ resource evaluation effective July 31, Significant Resource Potential: Petromanas Shpirag and Molisht projects on Albania Blocks 2-3 have recognized resource ranging from 500 to 850 MMBOE (GLJ, UPIIP). Shpirag Oil Discovery: Petromanas operated Shpirag light oil discovery located in the fractured Eocene to Cretaceous-aged (Ionian Zone) carbonate reservoir with an ~800 m light oil column identified. Molisht Oil Prospect: Currently drilling with expected results in Q4, Additional leads are identified along the same structure on Petromanas lands. 5

6 Albania Geology Shpirag Oil Discovery and Molisht Prospect Petromanas Well Results and Development Potential B B' Shpirag Light Oil Discovery: The main Sqepur thrust is the primary target in both the Petromanas Shpirag and Molisht projects located within onshore Blocks 2-3: Fractured Cretaceous carbonate reservoir at depths ranging from 4,000 to 5,800 m TVD. Shpirag-2 Oil Discovery: Petromanas operated Shpirag-2 oil discovery identified an ~800 m light oil column: Shpirag-2 tested rates ranging from 1,500 to 2,200 BOE/d; 800 to 1,300 Bbls/d of API oil; 2 to 5 MMcf/d gas; and Molisht Prospect Currently Drilling: Petromanas operated Molisht-1 is targeting a similar thrusted Eocene-Cretaceous-aged carbonate reservoir that tested oil in the Shpirag-2 well to the north. 250 m thick Eocene-aged fractured carbonate encountered uphole. Shpirag Discovery - Schematic Cross Section B PATOS-MARINZA OIL FIELD (Clastics) Pliocene Tortonian Lower Oligocene Flysch Cretaceous Ionian Zone Carbonate SHPIRAG PROSPECT(S) Messinian Serravalian Kurveleshi Thrust Sheet Shpirag-1 (tested oil from Sqepur sheet) Sqepur Thrust Sheet (TARGET) Flysch Lower Oligocene Flysch Berati Thrust Sheet Jurassic Carbonate Triassic Evaporite? B' Sea Level -2,500 m -5,000 m -7,500 m -10,000 m Jurassic Carbonate Jurassic Carbonate Cretaceous Ionian Zone Carbonate -12,500 m CAKRAN OIL FIELD Triassic Carbonate VISOKA/BALLSH OIL FIELDS Triassic Carbonate Section = Area of Seismic Line OXY ,000 m Triassic Evaporite Source: Modified from Petromanas, 2014 Horizontal Scale = Vertical BASEMENT? 6

7 France & Australia Overview of Assets France Assets France Highlights Significant Land Base: 100% W.I. in 170,000 gross acres in two onshore permits, Ger and Ledeuix. The permits are in close proximity to the 9 Tcf Lacq field and 2 Tcf Meillon field. Exploration and Development: Multiple prospective gas reservoirs; Eocene, Lower Cretaceous and Jurassic. Attractive Fiscal Environment: No royalties on first 10.6 Bcf/field/ year gas production, then 5% royalty, 34% income tax. Access to premium gas prices of ~US$10/Mcf. Status: Five year permit renewals in progress. Ger permit (293 km 2, 72,400 acres): Work commitment: three million Euros in next five-year term. Ledeuix permit (394 km 2, 97,360 acres): Work commitment: eight million Euros in next five-year term; and Hagolle-2 drilling license approved; plan to re-license for 4,500 m. France Resource Assessment Unrisked UPIIP (BCF) Permit Area Formation Low Best Mean High Ledeuix Ledeuix (1) Saucede ,423 Ger Ossun (2) Flysch/Eocene Azereix/Ger (2) Eocene Aptian Barremian Unrisked UPIIP Oil (MSTB) Azereix (2) Aptian 650 1,608 2,207 4,430 (1) GLJ undiscovered petroleum initially in place evaluation effective July 31, 2014 for the Ledeuix permit. (2) GLJ undiscovered petroleum initially in place evaluation effective September 30, 2011 for the Ger permit. Australia Assets Australia Highlights Exploration potential: 100% W.I. in approximately 1.6 million acres on exploration blocks EP 464 and EP 486 in the Canning Basin in western Australia. Seismic program: A 2D seismic program is planned for 2015 and is anticipated to cost approximately AUD$4.5 million. Minimum work program: The exploration rights to EP 464 and EP 486 are associated with a commitment to incur expenditures over a six-year term. The work commitments are: Australia Work Program EP 464 Year Minimum Work Requirement AUD km new 2D seismic survey $4,000, Geotechnical studies $1,000, Drill two exploration wells $8,000,000 Australia Work Program EP 486 Year Minimum Work Requirement AUD km 2D seismic reprocessing $250, km new 2D seismic survey $1,300, km 2 new 3D seismic survey $3,850,000 4 One exploration well $3,500,000 5 One exploration well $3,500, km new 2D seismic survey $1,100,000 7

8 Corporate Overview History of the Company February 2010 Completed the acquisition of three PSCs in Albania and changed name from "WWI Resources Ltd." to "Petromanas Energy Inc." August 2010 Appointed Glenn McNamara as CEO and Bill Cummins as CFO effective September 2010 November 2010 Completed a seismic program on Blocks D - E in Albania January 2011 Appointed Steve Farner as Vice President Exploration effective January 2011 March 2011 August 2011 December 2011 February 2012 June 2012 October 2012 December 2012 May 2013 Completed a seismic program on Blocks 2-3 in Albania Announced the results of a resource evaluation report for their Albanian PSCs completed by GLJ Petroleum Consultants Ltd. Secured a drilling rig for use in the 2012 drilling program Entered into a farm-out agreement with Shell for a 50% interest on Blocks 2-3 for payments and carried costs of up to US$50.3 million The Shpirag-2 well on Blocks 2-3 in Albania was spud Entered into an agreement to acquire Gallic Energy Ltd. for an all share consideration of approximately C$10 million The Juban-1 well on Block A in Albania was spud and the acquisition of Gallic Energy Ltd. was completed (France and Australia) Awarded a petroleum exploration permit with a six-year term for the EP 486 Block in Australia June 2013 Shell purchased a further 25% interest in Blocks 2-3 for consideration of approximately US$22 million. Announced intention to relinquish Blocks A - B August 2013 The Molisht-1 well on Blocks 2-3 in Albania was spud October 2013 The Shpirag-2 well on Blocks 2-3 tested at a rate of 1,500 to 2,200 BOE/d during a three-day test January 2014 Formally informed the Albanian government of a discovery on Blocks 2-3 June 2014 Entered the second exploration period on Blocks 2-3 Corporate Timeline Region Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Next Steps Blocks 2-3 Gov t Shell Approval 50% JV of JV Shpirag-2 Declare Shell Shpirag 2D Seismic 75% JV Molisht-1 Shpirag-2 Discovery 2 nd Period Reach TD at Molisht-1 Spud Shiprag-3 Complete/test Molisht-1 Obtain resource assessment France Australia Gallic Acquisition Technical Evaluation Technical Evaluation Farmout Process Farmout Process Permit renewal Drilling preparations Complete farmout process Complete farmout process Well Spud Well Test Exploration Activity Joint Venture Activity 8

9 Corporate Overview (Continued) Capitalization Summary Amount ($CAD) Share price as of October 1, 2014 $0.22 Common shares outstanding Options outstanding 41.9 Weighted average exercise price of options $0.27 Warrants outstanding Weighted average exercise price of warrants $0.45 Performance shares outstanding week low / high $0.10 / $0.40 Market value of equity (basic) $149.2 Exchange rate (USD/CAD) $0.90 Net cash as at June 30, 2014 ($25.2) Enterprise value (basic) $123.9 Corporate Structure Exceed Energy (Australia) Pty Ltd. (Australia) EP 464 Permit 100% EP 486 Permit 100% Petromanas Energy Inc. (Alberta, Canada) Gallic Lux 1 Petromanas Energy France SAS Ger Permit 100% Gallic Lux 2 Petromanas Albania (GmbH) (Albania) Ledeuix Permit 100% Blocks % Management Team Name Title Background Glenn McNamara Chief Executive Officer and Director Over 30 years of oil and gas experience in Canada, the USA, South America and the Asia Pacific region. Formerly President of BG Canada and has held senior executive positions at Exxon Mobil/Imperial Oil Resources, Exxon Mobil Canada and Mobil Oil Canada. Peter Sider Bill Cummins Vice President, Engineering, Operations and Business Development Chief Financial Officer and Corporate Secretary Over 30 years of domestic and international oil and gas experience. Formerly Managing Director and Vice President, European Operations of Vermilion Energy Inc., Chief Operating Officer of Grad & Walker Energy Corp., has held senior operational roles at Amocco Canada Petroleum Company and has experience as a venture capitalist. Over 20 years of experience in the oil and gas industry. Former Chief Financial Officer of a TSX listed international oil and gas company, senior financial executive of an international joint venture and Vice President, Corporate Finance and Director of an independently owned brokerage firm. Steve Farner Vice President, Exploration Over 30 years of experience as a geoscientist in Canada, the USA, Australia, southeast Asia and Europe. Former founder of three exploration companies and has held positions of increasing responsibility with Superior Oil, Mobil Oil and Exxon Mobil Canada, contributing to both domestic and international exploration. Board of Directors Corporate Information Name Verne Johnson Frank Giustra Jeffrey Scott Title Chairman Director Director Resource Engineers Auditor Legal Counsel GLJ Petroleum Consultants Ltd. KPMG LLP Norton Rose Canada Gerard Protti Director General Wesley Clark Director Gordon Keep Director Glenn McNamara Chief Executive Officer and Director 9

10 Sale Process and Contacts Petromanas Energy Inc. ("Petromanas" or the "Company") has retained Peters & Co. Limited ("Peters & Co.") as its exclusive financial advisor to coordinate all aspects of this process and Peters & Co. will act as the sole contact for all parties ("Interested Parties") who have expressed an interest in Petromanas or Petromanas' assets (the "Assets"). An online virtual data room has been established. This data room provides a comprehensive technical description of the Assets, as well as detailed operational information. The virtual data room can be accessed at any time. Petromanas and Peters & Co. expressly reserve the right at any time to amend or terminate these sale procedures, to decline to permit an Interested Party to participate in the process, to terminate discussions with any or all Interested Parties, to reject any or all offers, or to negotiate with any party with respect to a possible transaction. Online data rooms will be open the second week of October Contacts Peters & Co. will act as the sole contact for all Interested Parties. The directors, officers and employees of Petromanas should not be contacted directly. All communications and inquiries from Interested Parties should be directed to one of the representatives listed below: J.G. (Jeff) Lawson Steve R. Woima Benjamin M. Gazdic Principal, Corporate Finance (403) Principal, Head Acquisitions & Divestitures (403) Analyst, Corporate Finance (403) Peters & Co. Limited 2300 Jamieson Place 308 Fourth Avenue SW Calgary, Alberta, Canada T2P 0H7 Fax: (403)

11 Disclaimer This Information Memorandum is based on information provided by Petromanas from its own records and from other sources. The Information Memorandum is being distributed, on behalf of Petromanas, by Peters & Co., the Company's exclusive financial advisor, solely for the use by certain qualified Interested Parties. The sole purpose of the Information Memorandum is to assist Interested Parties in determining whether or not to proceed with further investigation of a potential transaction involving Petromanas or its Assets ("Transaction"). The information contained herein (the "Information") has been prepared in good faith to assist Interested Parties in completing their own independent evaluation of the Assets, but does not purport to be all inclusive or to contain all of the information that an Interested Party may desire or that may be required by an Interested Party to properly evaluate the Assets. In all cases, the Interested Parties should conduct their own independent investigation and analysis of the Assets and the data set forth in this Information Memorandum. Peters & Co. has not independently verified any of the Information contained herein. Neither Peters & Co., the Company nor their respective affiliates make any representation or warranty (expressed or implied) as to the accuracy or completeness of this Information Memorandum. Neither Peters & Co., the Company nor their respective affiliates will assume any liability for the Interested Parties' use of this Information Memorandum or any other oral, written or other communication transmitted to the Interested Party during the course of its evaluation of the Assets. Petromanas and Peters & Co. expressly disclaim any and all liability and responsibility for and associated with the quality, accuracy, completeness or materiality of the Information. The Interested Party will conduct its own independent evaluation and analysis of the Information and satisfy itself as to the quality, accuracy, completeness and materiality of the same. The Interested Party will rely solely on its own independent evaluation and analysis of the Information when deciding whether or not to submit a proposal, enter into a definitive agreement and consummate a Transaction. This Information Memorandum may include certain statements, estimates, forecasts and projections provided by and with respect to the anticipated future performance of the Assets. Such statements, estimates, forecasts and projections reflect various assumptions made by the Company and/or Peters & Co. concerning anticipated results, which may or may not prove to be correct. No representations or warranties are made as to the accuracy of such statements, estimates, forecasts or projections. The only Information that will have any legal effect will be that specifically represented or warranted in a definitive purchase agreement, when, as and if executed, with respect to a possible Transaction and executed on behalf of the Company and the purchaser or investor. NEITHER THIS INFORMATION MEMORANDUM NOR ITS DELIVERY TO AN INTERESTED PARTY SHALL CONSTITUTE OR BE CONSTRUED TO BE AN OFFER TO SELL ANY SECURITIES OF THE COMPANY. THIS INFORMATION MEMORANDUM SHALL NOT BE DEEMED AN INDICATION OF THE STATE OF AFFAIRS OF THE COMPANY NOR CONSTITUTE ANY INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE COMPANY SINCE THE DATE HEREOF. 11

PRESS RELEASE. November 12, 2013

PRESS RELEASE. November 12, 2013 PRESS RELEASE November 12, 2013 TORC OIL & GAS LTD. ANNOUNCES THIRD QUARTER 2013 FINANCIAL & OPERATIONAL RESULTS, SUCCESSFUL TRANSITION TO SUSTAINABLE DIVIDEND PLUS GROWTH COMPANY AND INCREASE TO 2013

More information

TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION

TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION Calgary, Alberta November 13, 2015 Touchstone Exploration Inc. ( Touchstone or the Company ) (TSX:

More information

Melbourne Mining Club Presentation

Melbourne Mining Club Presentation Karoon Gas Australia Ltd Melbourne Mining Club Presentation September 2014 Queiroz Galvão Olinda Star Semi Submersible Drilling Rig Disclaimers - This presentation has been prepared by Karoon Gas Australia

More information

SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION

SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK

More information

Norwest Energy NL. Northern Perth Basin Farm-In Opportunities. PESA Deal Day Brisbane - 2016. Shelley Robertson Asset Manager.

Norwest Energy NL. Northern Perth Basin Farm-In Opportunities. PESA Deal Day Brisbane - 2016. Shelley Robertson Asset Manager. Norwest Energy NL Northern Perth Basin Farm-In Opportunities PESA Deal Day Brisbane - 2016 Shelley Robertson Asset Manager 1 June 2016 Disclaimer The information contained in this Presentation or subsequently

More information

EPAC: Oil and Gas Investor Showcase. June 10, 2015

EPAC: Oil and Gas Investor Showcase. June 10, 2015 EPAC: Oil and Gas Investor Showcase June 10, 2015 Forward Looking Statement Advisories Certain information contained in this presentation constitutes forward-looking information within the meaning of applicable

More information

ASX Release. Romania Exploration Update. 2 October 2014

ASX Release. Romania Exploration Update. 2 October 2014 ASX Release 2 October 2014 Romania Exploration Update ADX Energy Ltd (ASX: ADX) is pleased to provide this update on seismic operations and the geotechnical assessment of the Parta permit in Western Romania.

More information

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million.

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million. Calgary, Alberta November 5, 2015 News Release: Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Nine Months-Ended September 30, 2015 and Provides Revised Guidance Trilogy

More information

Bedout Sub-basin Opportunity

Bedout Sub-basin Opportunity Bedout Sub-basin Opportunity An opportunity to participate in the development of the Phoenix South oil discovery and exploration of an extensive new oil province Opportunity Highlights An opportunity to

More information

OPPORTUNITIES IN THE UPSTREAM SECTOR OF MONTENEGRO. Vladan Dubljević Tamara Pavličić

OPPORTUNITIES IN THE UPSTREAM SECTOR OF MONTENEGRO. Vladan Dubljević Tamara Pavličić OPPORTUNITIES IN THE UPSTREAM SECTOR OF MONTENEGRO Vladan Dubljević Tamara Pavličić Discussion Topics Business Environment Legal and fiscal regime Petroleum policy and resource management Fiscal system

More information

Gran Tierra Energy Inc. Announces 2015 Year-End Reserves and Combined Pro Forma Reserves and Resources

Gran Tierra Energy Inc. Announces 2015 Year-End Reserves and Combined Pro Forma Reserves and Resources Gran Tierra Energy Inc. Announces 2015 Year-End Reserves and Combined Pro Forma Reserves and Resources CALGARY, Alberta January 21, 2016 Gran Tierra Energy Inc. ( Gran Tierra or the "Company") (NYSE MKT:

More information

M E S S A G E T O S H A R E H O L D E R S

M E S S A G E T O S H A R E H O L D E R S WesternZagros Resources Ltd. Third Quarter Interim Report for the period ended September 30, 2007 MESSAGE TO SHAREHOLDERS WesternZagros Resources Ltd. ( WesternZagros ) is pleased to provide its third

More information

Building a well-funded, full-cycle, exploration led E&P company

Building a well-funded, full-cycle, exploration led E&P company Investor Presentation Building a well-funded, full-cycle, exploration led E&P company June 2016 Important Notice This Presentation does not constitute an offer or invitation or a solicitation of any offer

More information

KELT INCREASES PLANNED 2015 CAPITAL EXPENDITURES IN BRITISH COLUMBIA, PROVIDES OPERATIONS UPDATE AND ANNOUNCES $78.8 MILLION EQUITY FINANCINGS

KELT INCREASES PLANNED 2015 CAPITAL EXPENDITURES IN BRITISH COLUMBIA, PROVIDES OPERATIONS UPDATE AND ANNOUNCES $78.8 MILLION EQUITY FINANCINGS PRESS RELEASE (Stock Symbol KEL TSX) June 15, 2015 Calgary, Alberta KELT INCREASES PLANNED 2015 CAPITAL EXPENDITURES IN BRITISH COLUMBIA, PROVIDES OPERATIONS UPDATE AND ANNOUNCES $78.8 MILLION EQUITY FINANCINGS

More information

CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015

CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 PRESS RELEASE CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 January 6, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent Point or the Company ) (TSX and

More information

CORPORATE PRESENTATION June 2013. A Lundin Group Company

CORPORATE PRESENTATION June 2013. A Lundin Group Company CORPORATE PRESENTATION June 2013 2 Kurdistan Maintaining Forward Momentum» Continued interest in the region. Erbil tagged as the Exploration Capital of the World. Kurdistan» Activity level in country remains

More information

FOR IMMEDIATE RELEASE TSXV: SOG OPERATIONS UPDATE. last. $90 million, by. drilled five. the Company. up the casing. well 14 35. resource.

FOR IMMEDIATE RELEASE TSXV: SOG OPERATIONS UPDATE. last. $90 million, by. drilled five. the Company. up the casing. well 14 35. resource. NEWS RELEASE TSXV: SOG February 11, 2016 STRATEGIC OIL & GAS LTD. FOR IMMEDIATE RELEASE PROVIDES OPERATIONS UPDATE, YEAR END RESERVES AND FINANCING ARRANGEMENT Calgary, Alberta Strategic Oil & Gas Ltd.

More information

Value focused Methodical delivery

Value focused Methodical delivery Value focused Methodical delivery ASX / AIM: OEX February 2015 Important Information Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis

More information

Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results

Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results June 17, 2016 Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results Calgary, Alberta Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial and operating results

More information

For personal use only

For personal use only COMPANY INFORMATION Verus Investments Limited ABN 59 009 575 035 INVESTMENTS Tunisia Chorbane Block Project (10% Working Interest) USA (72% Working Interest) Bullseye Project (10% Working Interest) ACTIVITIES

More information

RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE

RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE February 3, 2016 RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE CALGARY, ALBERTA (February 3, 2016) Raging River Exploration Inc. ("Raging River" or the "Company")

More information

SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING

SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING 18 th June 2013 SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING SBA joint venture partner KRX Energy Pte Ltd ( KRX ) secures fresh funding through proposed investment by Risco

More information

DNO ASA Corporate Presentation and Update

DNO ASA Corporate Presentation and Update DNO ASA Corporate Presentation and Update Haakon Sandborg, CFO Swedbank Nordic Energy Summit 19 March 2015 Oslo, Norway DNO at a glance Norwegian oil and gas operator focused on the Middle East and North

More information

TD Securities Calgary Energy Conference July 2014

TD Securities Calgary Energy Conference July 2014 TD Securities Calgary Energy Conference July 2014 Forward-Looking Statements Certain statements, estimates and financial information contained in this presentation ("Estimates") constitute forwardlooking

More information

SIGA AND OPEN RANGE ENTER INTO LETTER OF INTENT FOR QUALIFYING TRANSACTION OF OPEN RANGE

SIGA AND OPEN RANGE ENTER INTO LETTER OF INTENT FOR QUALIFYING TRANSACTION OF OPEN RANGE OPEN RANGE CAPITAL CORP. SIGA RESOURCES LIMITED FOR IMMEDIATE RELEASE SIGA AND OPEN RANGE ENTER INTO LETTER OF INTENT FOR QUALIFYING TRANSACTION OF OPEN RANGE Calgary, Alberta, December 16, 2005 SIGA Resources

More information

Important Notice Disclaimer

Important Notice Disclaimer Important Notice Disclaimer The information in this presentation: Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are

More information

VAALCO ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS

VAALCO ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS VAALCO ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS HOUSTON MAY 7, 2015 VAALCO Energy, Inc. (NYSE: EGY) today reported results for the first quarter of 2015. First Quarter 2015 highlights: Successfully

More information

THE HRT OIL & GAS / TNK-BRASIL CONSORTIUM

THE HRT OIL & GAS / TNK-BRASIL CONSORTIUM THE HRT OIL & GAS / TNK-BRASIL CONSORTIUM WHO WE ARE The HRT OIL & GAS / TNK-BRASIL Consortium holds 21 exploration blocks/concessions in the Solimões Basin. HRT O&G is the operator with a 55% WI; TNK-Brasil

More information

Tamarack Valley Energy Ltd. Announces Strategic Acquisitions, $72 Million Bought Deal Financing and Increased 2016 Guidance

Tamarack Valley Energy Ltd. Announces Strategic Acquisitions, $72 Million Bought Deal Financing and Increased 2016 Guidance TSX: TVE NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES Tamarack Valley Energy Ltd. Announces Strategic Acquisitions, $72 Million Bought Deal Financing and Increased 2016

More information

* Excluding unspent cash deposited by the Company in Joint Venture accounts

* Excluding unspent cash deposited by the Company in Joint Venture accounts Quarterly Report For the period ended 30 September 2015 HIGHLIGHTS Closing cash of $6.2 million* Completion of MZ1 deep water exploration well offshore Morocco and postwell evaluation is underway ahead

More information

Canadian Spirit Resources Inc.

Canadian Spirit Resources Inc. This management discussion and analysis ( MD&A ) of the financial conditions and results of operations should be read in conjunction with the audited financial statements for the year ended December 31,

More information

SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS

SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS CALGARY, ALBERTA (November

More information

29 May 2013. Eden signs Conditional Heads of Terms to Sell UK Gas and Petroleum Assets for 10million

29 May 2013. Eden signs Conditional Heads of Terms to Sell UK Gas and Petroleum Assets for 10million ACN 109 200 900 AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT SUMMARY 29 May 2013 Eden signs Conditional Heads of Terms to Sell UK Gas and Petroleum Assets for 10million Perth based Eden Energy Ltd ( Eden

More information

Corporate Presentation February 2016

Corporate Presentation February 2016 Corporate Presentation February 2016 Cautionary Statements Forward Looking Statements. Statements in this presentation may contain forward-looking statements including management s assessment of future

More information

Financial strategy supports business plan

Financial strategy supports business plan Financial strategy supports business plan Ivor Ruste Executive Vice-President & Chief Financial Officer Investor Day Calgary December 7, 2011 Financial strategy supports business plan Support long-term

More information

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司. 2014 Annual Results

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司. 2014 Annual Results CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 2014 Annual Results March 27, 2015 Disclaimer This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation

More information

CENTURY ENERGY LTD. (the "Company") FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION

CENTURY ENERGY LTD. (the Company) FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION CENTURY ENERGY LTD. (the "Company") FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION 2 ABBREVIATIONS AND CONVERSIONS In this document, the abbreviations set forth below have the

More information

Unlocking our energy future: the potential value of the Canning Basin. Phil Thick, Managing Director

Unlocking our energy future: the potential value of the Canning Basin. Phil Thick, Managing Director Unlocking our energy future: the potential value of the Canning Basin Phil Thick, Managing Director August 2013 Contents 1. New Standard Energy company overview 2. Global shale gas position 3. Onshore

More information

Invico Energy II. Report of Fund Performance Period Ending September 30, 2014.

Invico Energy II. Report of Fund Performance Period Ending September 30, 2014. Report of Fund Performance Period Ending September 30, 2014 Disclaimer: This report may contain forward looking statements about the Fund, its future performance, strategies, or prospects, and possible

More information

AGM Presentation. 24 June 2013

AGM Presentation. 24 June 2013 AGM Presentation 24 June 2013 1 Introduction 2012 review Implications of 2012 drilling programme Funding & Forward Plan 2 2012 Review Equity fund raising Farm-outs Drilling Loligo Scotia 3 Farm-outs to

More information

NEWS RELEASE CHINOOK ENERGY INC. ANNOUNCES ITS DECEMBER 31, 2015 RESERVES AND PROVIDES OPERATIONS UPDATE

NEWS RELEASE CHINOOK ENERGY INC. ANNOUNCES ITS DECEMBER 31, 2015 RESERVES AND PROVIDES OPERATIONS UPDATE NEWS RELEASE CHINOOK ENERGY INC. ANNOUNCES ITS DECEMBER 31, 2015 RESERVES AND PROVIDES OPERATIONS UPDATE CALGARY, ALBERTA February 8, 2016 Chinook Energy Inc. ("Chinook" or the "Company") (TSX: CKE) today

More information

BONTERRA ENERGY CORP.

BONTERRA ENERGY CORP. BONTERRA ENERGY CORP. JULY 2014 YIELD GROWTH SUSTAINABILITY FORWARD LOOKING INFORMATION Certain statements contained in this Presentation include statements which contain words such as anticipate, could,

More information

ISSUE 115 3rd April, 2013

ISSUE 115 3rd April, 2013 ISSUE 115 3rd April, 2013 1 Strike Energy (STX) Spec Buy around $0.115 An emerging petroleum play with high-profile exposures in the form of the Eagle Ford Shale in the USA, the Palta-1 exploration well

More information

Investor presentation

Investor presentation Public Company Limited Investor presentation February 2013 Page 0 Disclaimer This presentation is the sole responsibility of the directors of Urals Energy PCL (the Company ). Allenby Capital Limited (

More information

Talisman Energy Inc. Transcript from the Q1 Results Analyst Call May 1, 2013

Talisman Energy Inc. Transcript from the Q1 Results Analyst Call May 1, 2013 Talisman Energy Inc. Transcript from the Q1 Results Analyst Call May 1, 2013 Please refer to Talisman s advisories in the May 1, 2013 news release re: forward-looking statements and non-gaap measures.

More information

Important Important Notice

Important Important Notice ROSNEFT Strategic Alliance with BP January 2011 Important Notice The information contained herein has been prepared by the Company. The opinions presented herein are based on general information gathered

More information

Recent Developments in Exploration and Production of Hydrocarbons in Greece and Cyprus

Recent Developments in Exploration and Production of Hydrocarbons in Greece and Cyprus I.E.N.E. 6th SE EUROPE Energy Dialogue, Thessaloniki May 30-31-2012 Recent Developments in Exploration and Production of Hydrocarbons in Greece and Cyprus Dr KONSTANTINOS A. NIKOLAOU Petroleum Geologist

More information

INTERIM MANAGEMENT STATEMENT THIRD QUARTER 2015

INTERIM MANAGEMENT STATEMENT THIRD QUARTER 2015 19 November 2015 AMINEX PLC ( Aminex or the Company ) INTERIM MANAGEMENT STATEMENT THIRD QUARTER 2015 Aminex PLC ("Aminex" or the Group or the "Company"), an oil and gas company listed on the London and

More information

2015 Annual General Meeting. 25 November 2015

2015 Annual General Meeting. 25 November 2015 2015 Annual General Meeting 25 November 2015 1 Discussion Agenda 1. Company Profile a. Indonesian Assets Sumatra Basin East Kalimantan 2. Current Indonesian Operations a. South Sumatra Activities b. Central

More information

For personal use only. HPR AGM PRESENTATION November 2015

For personal use only. HPR AGM PRESENTATION November 2015 HPR AGM PRESENTATION November 2015 1 DISCLAIMER 2 This document has been prepared by High Peak Royalties Limited ( High Peak ) to provide a general overview of the company. Any statements, opinions, projections

More information

Enhanced Oil Resources Inc. Provides 2012 Activity Update

Enhanced Oil Resources Inc. Provides 2012 Activity Update Enhanced Oil Resources Inc. Provides 2012 Activity Update HOUSTON, Feb. 15, 2012 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to provide the following update regarding the Company's proposed

More information

============lia=m^oh=i^kb=`^mfq^i H =

============lia=m^oh=i^kb=`^mfq^i H = liam^ohi^kb`^mfq^i H LENI GAS & OIL PLC 1.33p Partnership with Range Resources in Trinidad 26 January 2012 Recommendation BUY Sector: Oil & Gas Exchange & Ticker: AIM: LGO Shares in issue: 1,259.5m Fully

More information

RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions

RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions NEWS RELEASE December 17, 2015 RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP) is pleased

More information

Annual General Meeting

Annual General Meeting Annual General Meeting Westbury Hotel, Dublin, 13th September 2013 Forward Looking Statements The content of this presentation relating to Moesia Oil and Gas plc ( Moesia ) has not been approved by an

More information

2014 RESERVES CONFERENCE CALL MARCH 2015. A Unique Opportunity to Invest in the China Energy Growth Story

2014 RESERVES CONFERENCE CALL MARCH 2015. A Unique Opportunity to Invest in the China Energy Growth Story 2014 RESERVES CONFERENCE CALL MARCH 2015 A Unique Opportunity to Invest in the China Energy Growth Story DISCLAIMER Sino Gas & Energy Holdings Limited (ASX:SEH, Sino Gas, the Company ) holds a 49% interest

More information

MYANMAR (BURMA) PRODUCTION ENHANCEMENT AND EXPLORATION OPPORTUNITY. 1 www.canadarockiesenergy.com

MYANMAR (BURMA) PRODUCTION ENHANCEMENT AND EXPLORATION OPPORTUNITY. 1 www.canadarockiesenergy.com MYANMAR (BURMA) PRODUCTION ENHANCEMENT AND EXPLORATION OPPORTUNITY 1 MYANMAR OPPORTUNITY OVERVIEW (1/2) Five Star Petroleum Inc., a Texas, USA company is inviting investors to participate in the Mann-Minbu

More information

GeoResources, Inc. Reports First Quarter Financial and Operational Results

GeoResources, Inc. Reports First Quarter Financial and Operational Results GeoResources, Inc. Reports First Quarter Financial and Operational Results Reports First Quarter Adjusted Net Income of $11.5 Million or $0.44 Per Share and Adjusted EBITDAX of $30.4 Million Houston, Texas,

More information

CHIEF EXECUTIVE S MESSAGE

CHIEF EXECUTIVE S MESSAGE Management s Discussion and Analysis December 31, 2012 CHIEF EXECUTIVE S MESSAGE The 2012 year was very active from a regulatory process and commercial perspective. With the two upward revisions by Gaffney

More information

ALPINE OIL & GAS ROMANIA. Status November 2007

ALPINE OIL & GAS ROMANIA. Status November 2007 ROMANIA Status November 2007 VIENNA EXTENSIVE HYDROCARBON SYSTEM London Vienna Bucharest VIENNA BUCHAREST: 870 km EXTENSIVE HYDROCARBON SYSTEM Vienna Basin Molasse Zone Vienna Transylvania Pannonian Foredeep

More information

WHL ENERGY SEPTEMBER 2011 QUARTERLY ACTIVITIES REPORT

WHL ENERGY SEPTEMBER 2011 QUARTERLY ACTIVITIES REPORT WHL Energy Ltd ABN: 25 113 326 524 Level 2, 22 Delhi St, West Perth, WA 6005 P.O. Box 1042, West Perth Western Australia 6872 T: +61 8 6500 0271 F: +61 8 9321 5212 www.whlenergy.com ASX/MEDIA RELEASE 31

More information

Western Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)

Western Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,

More information

October 2013. Guatemalan Oil Production and Exploration

October 2013. Guatemalan Oil Production and Exploration October 2013 C O R P O R A T E P R E S E N T A T I O N Guatemalan Oil Production and Exploration Investment Highlights Citation holds direct 60% equity interest in Latin American Resources Ltd (Bahamas)

More information

Baron Energy, Inc. Corporate Overview. October 1, 2012. www.baronenergy.com

Baron Energy, Inc. Corporate Overview. October 1, 2012. www.baronenergy.com Baron Energy, Inc. Corporate Overview October 1, 2012 www.baronenergy.com Safe Harbor Statement This presentation includes forward-looking statements. All statements, other than statements of historical

More information

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 2015 First Quarter Review Financial and Operating Highlights for the Quarter Ended March 31, 2015 Disclaimer This presentation includes forward-looking statements within

More information

COMPANY UPDATE FIRST QUARTER 2016 RESULTS

COMPANY UPDATE FIRST QUARTER 2016 RESULTS COMPANY UPDATE FIRST QUARTER 2016 RESULTS ROYAL DUTCH SHELL 4 MAY 2016 Copyright of Royal Dutch Shell plc May 4, 2016 1 SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC 2 DEFINITIONS & CAUTIONARY

More information

Developing Power Projects in Southern Africa. Annual General Meeting Presentation 20 th November 2015

Developing Power Projects in Southern Africa. Annual General Meeting Presentation 20 th November 2015 Developing Power Projects in Southern Africa Annual General Meeting Presentation 20 th November 2015 2015 Company Highlights AFR now participating in the development of three large-scale power projects

More information

Light Oil Exploration Williston Basin Saskatchewan, Canada. Corporate Presentation Q1 2015

Light Oil Exploration Williston Basin Saskatchewan, Canada. Corporate Presentation Q1 2015 Light Oil Exploration Williston Basin Saskatchewan, Canada Corporate Presentation Q1 2015 Forward Looking Statements This presentation includes forward-looking statements as well as historical information.

More information

ZERO EMISSION PEOPLE

ZERO EMISSION PEOPLE ZERO EMISSION PEOPLE Investor Presentation Q2 2011 Disclaimer THE INFORMATION PROVIDED IN THIS DOCUMENT IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER

More information

Oil and Gas Steve Oliver

Oil and Gas Steve Oliver English for Global Industries Oil and Gas Steve Oliver Contents Sections 1 Oil and Gas 2 Working on a Rig 3 Drilling Operations 4 Geological and Geophysical Operations 5 Producing and Delivering Units

More information

OIL AND GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE

OIL AND GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE OIL AND GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE In accordance with National Instrument 51-101 Standard of Disclosure for Oil and Gas Activities, McDaniel & Associates Consultants Ltd.

More information

Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015

Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015 Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015 CALGARY, ALBERTA (November 12, 2014) Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE;

More information

First Mountain will undergo a name change (the "Name Change").

First Mountain will undergo a name change (the Name Change). FIRST MOUNTAIN EXPLORATION, POINT LOMA ENERGY & MADALENA ENERGY JOINTLY ANNOUNCE PROPOSED TRANSACTIONS ON CANADIAN ASSETS AND A PRIVATE PLACEMENT BY POINT LOMA CALGARY, FEBRUARY 8, 2016 /CNW/ - First Mountain

More information

HOUSTON AMERICAN ENERGY CORP

HOUSTON AMERICAN ENERGY CORP HOUSTON AMERICAN ENERGY CORP Investor Presentation April 2013 Forward-Looking Statements This presentation contains forward-looking statements, including those relating to our future financial and operational

More information

Inter Pipeline Fund Announces Strong Third Quarter 2009 Results

Inter Pipeline Fund Announces Strong Third Quarter 2009 Results News Release Inter Pipeline Fund Announces Strong Third Quarter 2009 Results CALGARY, ALBERTA, NOVEMBER 5, 2009: Inter Pipeline Fund ( Inter Pipeline ) (TSX: IPL.UN) announced today its financial and operating

More information

ASX ANNOUNCEMENT 17 JUNE 2014

ASX ANNOUNCEMENT 17 JUNE 2014 ASX ANNOUNCEMENT 17 JUNE 2014 Sunbird-1 oil zone verified offshore Kenya Historic first-ever oil column discovered offshore East Africa Sunbird-1 well, completed in March in area L10A, intersected a gross

More information

2008 Annual General Meeting

2008 Annual General Meeting 2008 Annual General Meeting Presented by Stephen Popadynetz and Roderick Chisholm May 6, 2008 Integrated Solutions for the Oil & Gas Industry Disclaimer This presentation may contain forward-looking statements,

More information

Antrim Energy Inc. Management s Discussion and Analysis

Antrim Energy Inc. Management s Discussion and Analysis Antrim Energy Inc. Management s Discussion and Analysis December 31, 2008 1 MANAGEMENT S DISCUSSION AND ANALYSIS Forward Looking Statements This management discussion and analysis ( MD&A ) and any documents

More information

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 2014 Third Quarter Review Financial and Operating Highlights for the Quarter Ended September 30, 2014 Disclaimer This presentation includes forward-looking statements

More information

Nordic American Tanker Shipping Ltd. (NAT) (NYSE: NAT) Announces 3 rd quarter 2005 Results

Nordic American Tanker Shipping Ltd. (NAT) (NYSE: NAT) Announces 3 rd quarter 2005 Results Nordic American Tanker Shipping Ltd. (NAT) (NYSE: NAT) Announces 3 rd quarter Results Hamilton, Bermuda, October 10 th, Nordic American Tanker Shipping Ltd (the Company ) today announced its result for

More information

Press Release November 12, 2015

Press Release November 12, 2015 Press Release November 12, 2015 VALEURA ANNOUNCES THIRD QUARTER 2015 FINANCIAL AND OPERATING RESULTS AND COMMENCEMENT OF DRILLING ON THE FIRST BANARLI EXPLORATION WELL Valeura Energy Inc. ("Valeura" or

More information

Re: File Number S7-29-07 Concept Release on Possible revisions to the Disclosure Requirements relating to Oil and Gas Reserves

Re: File Number S7-29-07 Concept Release on Possible revisions to the Disclosure Requirements relating to Oil and Gas Reserves Hugh L. Hooker Chief Compliance Officer, Corporate Secretary, Associate General Counsel Petro-Canada 37 th Floor, 150 6 th Avenue S.W. P.O. Box2844 Calgary, Alberta T2P 3E3 Telephone (403) 296-7778 Facsimile

More information

PRESIDENT ENERGY PLC. ( President or the Company ) OIL DISCOVERY IN PARAGUAYAN CHACO

PRESIDENT ENERGY PLC. ( President or the Company ) OIL DISCOVERY IN PARAGUAYAN CHACO 20 October 2014 PRESIDENT ENERGY PLC ( President or the Company ) OIL DISCOVERY IN PARAGUAYAN CHACO President Energy announces an update on its Lapacho well, Pirity Concession, Paraguayan Chaco (President

More information

Financial Repression: A Driving Force for Mergers and Acquisitions?

Financial Repression: A Driving Force for Mergers and Acquisitions? Strategy / Investment Financial Repression: A Driving Force for Mergers and Acquisitions? International capital markets have seen a growing number of corporate mergers and acquisitions (M&A) over the past

More information

For personal use only

For personal use only Suite 2, 12 Parliament Place West Perth WA 6005 Ph: +618 9482 0510 Fax: +618 9482 0505 Email: info@emeraldoilandgas.com www.emeraldoilandgas.com 10 January, 2012 Centralised Company Announcements Platform

More information

(713) 627-5353 (713) 627-4747 (24-hour media line) (713) 627-4600. Date: May 3, 2013

(713) 627-5353 (713) 627-4747 (24-hour media line) (713) 627-4600. Date: May 3, 2013 Media: Analysts: Caitlin Currie (713) 627-5353 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 3, 2013 Spectra Energy Reports First Quarter 2013 Results Reported net income

More information

Crude Oil NGL Bitumen Natural Gas Total Area Interest Operator (MBD) (MBD) (MBD) (MMCFD) (MBOED)

Crude Oil NGL Bitumen Natural Gas Total Area Interest Operator (MBD) (MBD) (MBD) (MMCFD) (MBOED) Fact Sheet March 215 The company s Canadian operations are comprised primarily of natural gas fields in western Canada and oil sand projects in the Athabasca region of northeastern Alberta. Current investment

More information

Cabre Maroc Purchase Onshore Morocco

Cabre Maroc Purchase Onshore Morocco Cabre Maroc Purchase Onshore Morocco AIM: GPX 19 December 2012 Purchase of Cabre Maroc Acquisition of Cabre Maroc, the Moroccan subsidiary of privately held Caithness Petroleum Operatorship of large contiguous

More information

Half-yearly Results. 25 July 2014

Half-yearly Results. 25 July 2014 Half-yearly Results 25 July 2014 1 1 Important notice DISCLAIMER FORWARD-LOOKING STATEMENTS This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These

More information

LAREDO PETROLEUM ANNOUNCES 2015 SECOND-QUARTER FINANCIAL AND OPERATING RESULTS

LAREDO PETROLEUM ANNOUNCES 2015 SECOND-QUARTER FINANCIAL AND OPERATING RESULTS 15 West 6 th Street, Suite 900 Tulsa, Oklahoma 74119 (918) 513-4570 Fax: (918) 513-4571 www.laredopetro.com LAREDO PETROLEUM ANNOUNCES 2015 SECOND-QUARTER FINANCIAL AND OPERATING RESULTS RAISES ESTIMATED

More information

Developing Power Projects in Southern Africa. Cape Town Presentation 8 th February 2016

Developing Power Projects in Southern Africa. Cape Town Presentation 8 th February 2016 Developing Power Projects in Southern Africa Cape Town Presentation 8 th February 2016 Company Highlights AFR now participating in the development of three large-scale power projects in Botswana Completion

More information

Circle Oil plc H1 2015 Interim Results Presentation

Circle Oil plc H1 2015 Interim Results Presentation Circle Oil plc H1 2015 Interim Results Presentation 29 September 2015 www.circleoil.net Disclaimer The information contained in this document ( Presentation ) has been prepared by Circle Oil plc (the Company

More information

Q1 2014 CONFERENCE CALL REMARKS REMARKS FROM DR. MICHAEL HESSION

Q1 2014 CONFERENCE CALL REMARKS REMARKS FROM DR. MICHAEL HESSION Q1 2014 CONFERENCE CALL REMARKS REMARKS FROM DR. MICHAEL HESSION Hello, and thank you for joining the call today as we explain our first quarter results. I am Michael Hession, Chief Executive Officer of

More information

RMP Energy Reports Third Quarter Financial Results

RMP Energy Reports Third Quarter Financial Results NEWS RELEASE November 12, 2015 RMP Energy Reports Third Quarter Financial Results Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP) is pleased to report for the three months ended September

More information

3Q15 Conference Call. Oct. 29, 2015

3Q15 Conference Call. Oct. 29, 2015 3Q15 Conference Call Oct. 29, 2015 Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings,

More information

Abdelly & Associés. Key legislation and regulatory structure. Introduction

Abdelly & Associés. Key legislation and regulatory structure. Introduction Abdelly & Associés Introduction s current proven reserves are approximately 838m barrels, of which 51 per cent is oil and 49 per cent is gas. Approximately two-thirds of s proven gas reserves are located

More information

Not for distribution in the United States, Canada, Australia or Japan

Not for distribution in the United States, Canada, Australia or Japan The distribution of this press release, directly or indirectly, in or into the United States, Canada, Australia or Japan is prohibited. This press release (and the information contained herein) does not

More information

Summary. December 2015 Quarterly Report. Contact. Norwest Energy NL. 29 January 2016 ASX: NWE

Summary. December 2015 Quarterly Report. Contact. Norwest Energy NL. 29 January 2016 ASX: NWE ASX: NWE December 2015 Quarterly Report 29 January 2016 Summary Norwest continues to retain a large footprint in the northern Perth Basin, with a net acreage position of 3,100km 2, containing seven permits

More information

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,

More information

Independent Resources

Independent Resources OIL & GAS FLASHNOTE Independent Resources (IRG LN) Stock Data Share Price: 0.65p Market Cap (M): 1.3m EV (M): 1.3m Free float 79.8% Liquidity (30 day ave) 7.8m Price Chart 4.00 3.50 3.00 2.50 2.00 1.50

More information

SO YOU THINK YOU WANT TO START AN OIL AND GAS COMPANY?

SO YOU THINK YOU WANT TO START AN OIL AND GAS COMPANY? SO YOU THINK YOU WANT TO START AN OIL AND GAS COMPANY? Petroleum Engineers Club of Dallas. April 11, 2014 Martin V. Fleming, Co Founder and Managing Director THE INFORMATION CONTAINED IN THIS PRESENTATION

More information