Frontier Plays in Congo and Offshore Namibia
TSX-V: ENG | www.energulf.com Summer 2013
Frontier Plays in Congo and Offshore Namibia Summer 2013 TSX-V: - - PowerPoint PPT Presentation
TSX-V: ENG | www.energulf.com Frontier Plays in Congo and Offshore Namibia Summer 2013 TSX-V: ENG Disclaimer Certain disclosure in this presentation, constitute forward-looking statements that are subject to numerous risks, uncertainties and
TSX-V: ENG | www.energulf.com Summer 2013
TSX-V: ENG
2
www.energulf.com
Summer 2013
Certain disclosure in this presentation, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company’s operation as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a hinge in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or
information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this presentation. Furthermore, any resource estimate(s) contained in this document that have been prepared in-house by the Company (including any such references to resource estimate-potential) is not compliant with National Instrument 51-101 – Standards of Disclosure for Oil & Gas Activities. Such resource estimate(s) contained in this document is based on management’s interpretation of available data and the assumptions stated herein. Accordingly, such estimate(s) should not be relied upon. The reader is advised to obtain independent advice regarding the available data and the assumptions, and the
TSX-V: ENG
Summer 2013
www.energulf.com
3
Democratic Republic of Congo
Namibia
TSX-V: ENG
successful projects in West Africa
– P10 aggregate (high case): 428.6 Million BOE recoverable 1
– P10 aggregate (high case): 6.106 Billion BO recoverable 2
1 DeGolyer & Mac Naughton, March 2011 2 Netherland, Sewell Feb. 2012
4
www.energulf.com
Summer 2013
TSX-V: ENG
Director & CEO
H.W. Bush administration at the Department of Energy and Department of Commerce.
Inc (Sold to Inco for $4B). and KP Exploration (Kidder Peabody).
Director
practiced U.S. and International Oil, Gas and Mineral Law since 1979 5
www.energulf.com
Summer 2013
Director
Director & CFO
companies in resource, service and medical sectors.
TSX-V: ENG
6
www.energulf.com
Summer 2013
Exploration Manager
Hyperion Resources
Drilling Coordinator
(Regional Coordinator for West Africa/Chief Geophysicist 17 years), Mobil (Angola country manager, 5 years), Amoco, Total, Tullow, Anadarko, ExxonMobil and consultant to various governments, universities, and World Bank
Geophysical Advisor
geosciences/geophysicist: Perenco, Ocean Energy, UMIC, Conoco
Explorations Advisor
Cusiana field discovery, Colombia (2nd largest W. Hemisphere)
TSX-V: ENG
Director General-EnerGulf Congo SARL
Senior Advisor for African Affairs
Summer 2013 www.energulf.com 7
Senior Advisor for Deepwater Drilling, Engineering, and Operations
BHP , ARCO
Special Advisor to the Chairman and CEO
Finance, France
TSX-V: ENG
Summer 2013 www.energulf.com 8
Equatorial Guinea
and Alba (Equatorial Guinea)
Round
Gabon, Republic of South Africa
Indonesia, Malaysia, Iraq
Mexico
TSX-V: ENG
9
www.energulf.com
Summer 2013
Issued and outstanding: 68,363,438 Options: 5,145,000 Fully diluted: 73,843,438
* As at June 28, 2013
TSX-V: ENG
10
www.energulf.com
Summer 2013
Pre-Salt or Syn-Rift Time:
Walvis Ridge Post-Rift Time:
TSX-V: ENG
11
www.energulf.com
Summer 2013
including diamonds, gold, petroleum, copper, and cobalt
Fiscal Terms:
between Government and Contractor after Cost Oil recovered*
*slides per total production up to 8m/bbls
TSX-V: ENG
12
www.energulf.com
Summer 2013
TSX-V: ENG
13
www.energulf.com
Summer 2013
Location of1st well
survey in 2008
completed May 2011
Barrels recoverable
TSX-V: ENG
14
www.energulf.com
Summer 2013
Loeme Salt Main Rift Fault Proposed TD of well, 2300 m Chela Dolomite Bucomazi Lucula
Primary target ~1200 ft of closure Secondary targets
TSX-V: ENG
15
www.energulf.com
Summer 2013
– 450 km criss-crossed 2-D seismic (250 km originally shot Fina and 202 km shot by EnerGulf)
– Forabola well drilled in 1970’s defined the Lucula Formation as the best potential reservoir on the block – Lucula is stratigraphically equivalent to the reservoir at the giant M’Boundi field.
– Good reservoir properties in adjacent block to north
prospects.
– Produced hydrocarbons in nearby Lindu well and in nearby Cabinda.
– produces from the giant Rabi-Kounga field in Gabon and smaller fields in Gabon. – Tested at 2000 bbl/day in a discovery in nearby Cabinda
TSX-V: ENG
Mean Aggregate – 313.2 Million bbls over 7 prospects P10 Aggregate – 428.6 Million bbl recoverable P90 Aggregate – 207.7 Million bbl recoverable
(Prospective Resources per DeGolyer & MacNaughton Report 2011) 16
www.energulf.com
Summer 2013
TSX-V: ENG
17
www.energulf.com
Summer 2013
days to drill each
well
Satellite Thematic Mapped Image
TSX-V: ENG
18
www.energulf.com
Summer 2013
gained in 1990
different natural resources
Fiscal Terms:
deductions
TSX-V: ENG
prospects
basement)
BO recoverable (Netherland Sewell, 2012)
19
www.energulf.com
Summer 2013
TSX-V: ENG
Summer 2013 www.energulf.com 20
proven by hydrocarbon shows in Kunene #1 well
2008
TSX-V: ENG
prospect
21
www.energulf.com
Summer 2013
TSX-V: ENG
Summer 2013 www.energulf.com 22
TSX-V: ENG
23
www.energulf.com
Summer 2013
determinations
Syn-Rift
TSX-V: ENG
Summer 2013 www.energulf.com 24
TSX-V: ENG
spud April 2008
hydrocarbon shows in two zones (C1-C5)
window, and is evidence of migration
with a mature source rock that was sampled in the well
25
www.energulf.com
Summer 2013
Upper Reservoir Target Middle Reservoir Target
Clastics, Volcanic and Carbonate Debris
Lower Reservoir Target
Synrift
TSX-V: ENG
Summer 2013 www.energulf.com 26
TSX-V: ENG
Summer 2013 www.energulf.com 27
TSX-V: ENG
28
www.energulf.com
Summer 2013
TSX-V: ENG
29
www.energulf.com
Summer 2013
Existing 2D Proposed 3D Turbidite Prospect Syn-Rift Prospect Syn-Rift Horsts Gas Chimney
TSX-V: ENG
$1.4mm financing at $0.70 per unit (w/ one warrant at $1.15)
1711 and drilled well in Texas
Namibia
30
www.energulf.com
Summer 2013
TSX-V: ENG
Summer 2013 www.energulf.com 31
bbls mean prospective resources