Lucent Oil and Gas (Cyprus) Ltd February 2017 February 2017
Contact: dmd@visoil.com
Lucent Oil and Gas (Cyprus) Ltd February 2017 February 2017 - - PowerPoint PPT Presentation
Lucent Oil and Gas (Cyprus) Ltd February 2017 February 2017 Contact: dmd@visoil.com Investment Opportunity Proven Oil (6-12mmbbls) with Proven Oil (6 12mmbbls) with Heritage wells & Large Exploration Target 1000m Deeper. Disclaimer
Contact: dmd@visoil.com
Disclaimer This presentation (“the Proposal”) has been prepared by Lucent Petroleum LLP. (“the Company”) and is being distributed for information purposes only, to those parties who have an interest in making an investment in the Company (“you” or “the Recipient”) and may not be relied upon for the purposes of any transaction. The Proposal is not intended to form the basis of any decision to make such an offer, or the basis or part of any contract, and does not constitute an offer or invitation for the sale or purchase of all or any part of the capital or assets of the Company. The information relating to the Company and its business and assets contained in the Proposal is the management’s view of the state of affairs of the Company, f f it t d th f t tl k H th P l d t t t id l t d f ll t d i ti f th tt t performance of its assets, and the future outlook. However, the Proposal does not purport to provide a complete and fully accurate description of the matters to which it relates. No warranty, representations or undertaking, expressed or implied, is or will be made in, or in relation to, and no responsibility or liability (including, without limitation, any liability in negligence) is or will be accepted by the Company and or its management, directors, employees, agents and/or advisers (hereinafter the Company’s “connected persons”) for, or in relation to, the Proposal or accuracy or completeness of the information contained therein or any other information, whether written or oral, made available to any interested party or its advisers and any liability therefore is hereby expressly disclaimed. In particular, but without prejudice to the foregoing, no representation or warranty is given as to any of the opinions, or as to the achievement or reasonableness of any future projections, actions, plans, or estimates, contained in the Proposal. Any Recipient will be required, in the event that it enters into legally binding documentation regarding an investment in the Company to acknowledge that it has not relied on or been induced to enter into such investment by the Proposal documentation regarding an investment in the Company, to acknowledge that it has not relied on or been induced to enter into such investment by the Proposal
The Proposal has been delivered to the Recipients for information purposes only and upon the express understanding that such parties will use it only for the purposes set forth above. By accepting a copy of the Proposal, you hereby agree, upon request, to return promptly all material received in connection with any proposed transaction (including the Proposal) without retaining any copies, and not to reproduce, pass on, or otherwise divulge all or part of the contents of this Proposal or any other person, directly or indirectly, (excluding your professional advisers) without the prior written consent of the Company. Nothing in the Proposal is, or shall be relied on, as a promise or representation as to the future. In furnishing copies of the Proposal, neither the Company nor any of their representative connected persons undertakes any obligation to provide the Recipients with access to any additional information or to update the any of their representative connected persons undertakes any obligation to provide the Recipients with access to any additional information or to update the Proposal or to correct inaccuracies herein which may become apparent. The Company reserves the right, without advanced notice, to change or terminate procedures for the making of investment in the Company, or to terminate negotiations at any time prior to the signing of a binding letter of subscription, without further explanation. The Proposal is not directed to, or intended for distribution, directly or indirectly, to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration, licensing, or the publishing of a prospectus within such jurisdiction. The Presentation is directed solely at investment professionals (as defined in Article 19(5) of the Financial Markets and Services Act 2000 (Financial The Presentation is directed solely at investment professionals (as defined in Article 19(5) of the Financial Markets and Services Act 2000 (Financial Promotion)Order 2005 (“FPO”)) and persons of a kind specified in Article 49(2) a-d of the FPO (high net worth entities, unincorporated associations, etc). Neither the receipt by any person of the Presentation nor any information supplied in connection with the proposed investment in the Company is, or is to be taken as, constituting the giving of investment, financial, taxation or legal advice by the Company. The Recipients of the Presentation should inform themselves about and observe any applicable legal requirements in relation to the receipt of this Presentation. Any Recipient is recommended to seek their own financial and legal advice and must make their own independent assessment of the Company. You hereby acknowledge that you are aware of the risks of investing generally and in particular (without limitation) that in emerging markets, such as Kazakhstan, business risks are far greater than in more developed markets (including significant legal, economic, and political risks). You acknowledge the high , g p ( g g g , , p ) g g number of expenses and difficulties frequently encountered by companies, such as the Company, in the early stages of development, particularly companies
Stage 1 A total of five abandoned “heritage” wells have been drilled
is suspended.. Lucent plans to re-enter three old wells, to establish early oil production from Triassic F15 reservoir
re-entry programme is
Top F15 Depth
g p y p g 300-500 bopd. Stage 2 Latest mapping indicates potential fracture compartmentalisation of the reservoir. Well J-13 (aka L-13) is planned for sidetracking in 2018. depending of the
production from Stages 1 & 2 is 700-1000bopd “Trial/Test Industrial Production” allows for two years of production and sales to the domestic market. Recent increase in the domestic prices have made the appraisal of Lebyazhye more attractive and documentation is in place to start end 2017
L-14X Testing 2015
Prospective Volumes North Reef system ~ 35mmbbls Top Bashkirian Depth
L-14X
South Reef system ~ 115mmbbls Key Geological risk b hi f M i S l
Chance of Success ~ 33%
Major regional exploration target Poorly tested in 1980’s
Oblast Boundary Deep Well Shallow Well
Rigging up ZJ70 (Feb 2017) Rigging up ZJ70 (Feb 2017) LP-3 Cellar and Conductor Pipe (Jan 2017)
Registered office: Lucent Oil & Gas (Cyprus) Ltd. 58 Ifigenias Street City Home 53 Office 201 Strovolos 2003 Nicosia, Cyprus Almaty office: Lucent Petroleum LLP Vision Energy Services LLP Vision Energy Services LLP Esentai Tower, 14th floor, 77/7 Al-Farabi Avenue, Almaty, 050040, Republic of Kazakhstan Email: info@visoil.com Tel: +77272777852 Tel: 77272777852 Fax: +77272777851