Forward Looking Statements

Transcription

1 Corporate Presentation May 2013

2 Forward Looking Statements FORWARD-LOOKING STATEMENTS AND INFORMATION This document contains statements about expected future events, anticipated financial and operating results, anticipated terms of the offering and related transactions, estimations of reserves and resources, future net revenues associated therewith and future development costs that constitute "forward-looking statements" and "forward-looking information" under applicable securities laws. Forward-looking statements and information give Niko's current expectations or forecasts of future events and are based information presently available. You can identify these statements by forward-looking words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "predict", "scheduled", "forecast", "budget" and similar expressions, or statements that events or conditions "will", "would", "may", "could", "should" or "might" occur and similar words. In addition, statements that Niko makes in this document that are not statements of historical fact may also be forward-looking statements and information. Forward-looking statements and information are not guarantees of Niko's future performance and involve risks, uncertainties and assumptions that may cause actual results to differ materially from the expectations Niko describes in its forward-looking statements and information. For example, some risks, uncertainties and assumptions include: risks associated with international operations such as political, economic, social and other uncertainties; risks associated with exploring for, developing, producing and transporting oil and natural gas; liabilities stemming from damage to the environment, accidental or otherwise, compliance with, and liabilities under, environmental laws and regulations; imprecision in estimating capital expenditures as well as potential delays or changes in plans regarding exploration and development projects or capital expenditures; price volatility in the spot and forward markets for commodities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States and the other countries in which Niko carries on business; changes in national and local government legislation in Canada, the United States or any other country in which Niko currently or may in the future carry on business; changes in taxation; discrepancies between actual and estimated production and between actual and estimated reserves and resources; diminishing quantities or grades of reserves; additional funding requirements and access to capital resources; the outcome of outstanding legal claims in foreign jurisdictions; competition; loss of key employees; accidents (and the risk of inadequate insurance or inability to obtain insurance to cover these risks); labour disputes; and defective title to claims or property or contests over claims to oil and gas properties. You should not place undue reliance on forward-looking statements or information. Niko does not promise to notify you if it learns that its assumptions or projections are wrong for any reason except as required under applicable securities laws. Niko does not undertake any obligation to update forward-looking statements or information, whether as a result of new information, future events or otherwise except as required under applicable securities laws. You should be aware that all the risk factors discussed in this document could cause Niko's actual results to differ from any forward-looking statements or information and these variations could be material. Contingent resources are those quantities of petroleum estimated to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political, and regulatory matters, or a lack of markets. Contingent resources entail additional commercial risk than reserves and adjustments for commercial risks have not been incorporated in the estimate of contingent resources set forth herein. There is no certainty that it will be commercially viable to produce any portion of the resources. Boe and Mcfe may be misleading, particularly if used in isolation. A conversion ratio of 1 bbl:6 Mcf is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Gross prospective resources are one hundred percent of those quantities of petroleum estimated to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. The low estimate of prospective resources is considered to be a conservative estimate of the quantity that will actually be recovered. It is likely that the actual remaining quantities recovered will exceed the low estimate. If probabilistic methods are used, there should be at least a ninety percent probability that the quantities actually recovered will equal or exceed the low estimate. The best estimate of prospective resources is considered to be the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a fifty percent probability that the quantities actually recovered will equal or exceed the best estimate. The high estimate of prospective resources is considered to be an optimistic estimate of the quantity that will actually be recovered. It is unlikely that the actual remaining quantities recovered will exceed the high estimate. If probabilistic methods are used, there should be at least a ten percent probability that the quantities actually recovered will equal or exceed the high estimate.

3 Global Operations Production Development Exploration Niko is engaged in production, development and exploration of natural gas and oil in India, Bangladesh, Indonesia, Trinidad, Madagascar, and Pakistan 2

4 India D6 Block Producing Assets Gas Pricing GOI to approve revised formula New price $ $8.50 / Mmbtu April 2014 D1 D3 field Q4 production 52 MMcf/d Work underway: MA field Water handling Compression project Workovers Q4 production 20 MMcfe/d Work underway: Compressor modification Workovers Additional drilling 3

5 India D6 Block Current / Additional Developments MA Field Satellite Area FDP approved R1 Cluster FDP submitted MJ-1 ~100 MMcf/d of additional production Anticipate contingent resource upgrade to reserve category this year 4

6 India D6 Block MJ1 Exploration Discovery Depth Structure Map Top Cretaceous Reservoir Closure Area 62km 2 5

7 India D6 Block MJ1 Well Significant gas condensate discovery Water depth of 1,024 metres and a total depth of 4,509 metres 155 meters of Mesozoic Synrift Clastic reservoir Equipment limited DST flowed 30MMscf/d and 2100 bbls/d of liquid on a 36/64 choke Gross Prospective Resources* Low Best High Gas (Bcf) Liquids (MMbbl) * Operator s pre-drill estimate 6

8 India NEC 25 Block Proposed Development FDP submitted in March 2013 Anticipate contingent resource upgrade to reserve category this year 7

9 Bangladesh Block 9 Bangora field Q4 production 51MMcfe/d Workovers are underway Compression onstream by 2014 Possible additional drilling locations 8

10 Trinidad NCMA 2 7 Blocks, 9 PSC s covering 2.04 million acres NCMA 3 Block 4(b) MGB Block Block 5(c) Guayaguayare 9

11 Trinidad Block 5(c) Proposed Development FDP submitted Anticipate contingent resource upgrade to reserve category this year Infrastructure in place Dolphin platform and Atlantic LNG pipeline 10

12 Trinidad NCMA2 & NCMA3 Blocks Exploration Multiple Pliocene and Miocene prospects Primrose-1 Adjacent to existing gas fields and infrastructure Drilling of Primrose-1 scheduled for

13 Trinidad NCMA2 Exploration Primrose-1 Primrose-1 12

14 Trinidad NCMA2 Exploration Miocene Fans NCMA 2 13

15 Indonesia 21 PSCs 7 JSAs in progress 28MM gross acres 14

16 Innovative Sea Seep Technology Creates science advantage 1,000,000 km2 multibeam program completed 15

17 Innovative Sea Seep Technology Hydrocarbon seepage supports chemosynthetic communities on the seafloor, which increases the backscatter. With high resolution multibeam, we can identify potential seep targets on the seafloor. 16

18 Ocean Monarch 17

19 Makassar Strait Exploration 21 PSCs 7 JSAs in progress 28MM gross acres 18

20 Makassar Strait Blocks Pananda-1 spud April 15, 2013 in North Makassar block Located near Lebah-1 gas discovery in North Ganal block Pananda - 1 Projected drilling time of days Drilling ahead Part of prolific Kutei basin Targeting deepwater oil and gas Miocene prospects 19

21 North Ganal Block 2,432 km2 ENI Discovery Lebah 2 Lebah 1 Jangkrik/NE Lebah-1 drilled Pliocene sub-commercial deepwater gas discovery Confirmed presence of reservoir and hydrocarbon Lebah-2 to be drilled Targeting thicker pay section updip from Lebah-1 Deeper prospect also to be drilled on the Block 20

22 Kofiau Block Exploration 21 PSCs 7 JSAs in progress 28MM gross acres 21

23 Kofiau Block 5,000 km2 Ajek-1 well Sub-commercial deepwater oil and gas discovery Confirmed presence of reservoir and hydrocarbon system in new basin Results have allowed improved reservoir analysis for thin bed pay potential and locations with thicker sand packages Additional prospectivity in both Pliocene clastic and Miocene carbonate 22

24 West Papua IV Exploration 21 PSCs 7 JSAs in progress 28MM gross acres 23

25 West Papua IV Block 6,389 km2 Multiple large New Guinea Limestone and Pliocene/ Pleistocene oil and gas prospects Cikar-1 well first well drilled in basin 24

26 West Papua IV Block Cikar-1 Prospect Large Miocene carbonate prospect Encouraging initial results Encountered gas while drilling 700 foot thick section of New Guinea Limestone Total loss of circulation forced suspension of drilling Well temporarily suspended Evaluation of options underway 25

27 West Papua IV Block Untung-1 Prospect Projected drilling time of days Targeting Pliocene clastic prospect 26

28 Cendrawasih Block Exploration 21 PSCs 7 JSAs in progress 28MM gross acres 27

29 Cendrawasih Block Elang-1 Prospect Elang-1 Cendrawasih Block 4,991 km2 EN 700 Top of secondary objective Elang-1 prospect Projected drilling time of days Targeting Oligo- Miocene Clastics 28

30 Potential to Increase 2P Reserves by 160% (Bcfe) * Gross reserves as at March 31,

31 Conclusion Gas price for D6 expected to more than double Near term reserve and NAV growth from discoveries already made at D6, NEC25 and Block 5c Exploration potential on 41 million gross acres Multiple High Impact prospects 30

32 Corporate Information Edward Sampson President & Chief Executive Officer Edward Sampson Chairman KPMG Auditors William Hornaday Chief Operating Officer William Hornaday Director Computershare Transfer Agent, Note Trustee Glen Valk Vice President Finance & Chief Financial Officer Jim Cummings Director Conrad Kathol Director Edward Sampson Glen Valk Investor Relations (TSX: NKO), Wendell Robinson Director Murray Hesje Advisor How to reach us Niko Resources Ltd. 4600, rd Avenue SW Calgary, Alberta, Canada T2P 4H