East West Minerals Ltd. · TSXV:EW
East West Minerals — East West Petroleum — Investor Presentation (February 2016)
18 slides from East West Minerals's investor presentation, February 2016
Slide 1: Corporate Overview
Corporate Overview Cheal E site with Mount Taranaki in the background February 2016
Slide 2: Notice regarding forward looking statements
Notice regarding forward looking statements This presentation contains certain forward-looking statements (forecasts) under applicable securities laws relating to future events or future performance. Forward- looking statements are necessarily based upon assumptions and judgements with respect to th
Slide 3: Corporate overview
Corporate overview East West Petroleum is a Canadian-based E&P firm listed on the TSX-Venture Exchange (symbol EW) focused on international oil & gas opportunities Founded in 2010, first production achieved in December 2013 and has continued uninterrupted since – current production of ~190 boepd
Slide 4: Corporate Overview: Quick sheet and shareholder summary
Corporate Overview Quick sheet (as of May 19, 2015) C$0.20 500,000 Basic shares outstanding 89.8 M C$0.18 450,000 ) Daily Volume ( 30-d avg vol) C$0.16 400,000 Relative Brent oil price US$ ( Stock Options 6.8 M C$0.14 350,000 EW share price ( ) C$0.12 300,000 Fully Diluted shares outstanding 96.6 M
Slide 5: Investment Highlights
Investment Highlights Operations are profitable at current oil prices with low cost of production De-risked, low cost, shallow drilling Oil sent directly to facility for refining and shipment Over $8 million in working capital provides safety net and ability to review additional opportunitie
Slide 6: Board and management
Board and management David Sidoo – President and CEO Mr. David Sidoo is a successful businessman based in Vancouver where he oversees a successful private investment banking and financial management firm. David previously was a broker with Yorkton Securities where he quickly became one of the compan
Slide 7: New Zealand: Taranaki Basin
New Zealand Taranaki Basin Awarded permits 54876, 54877, 54879 in 2012 Bid Round Taranaki Basin Award Blocks New Zealand’s 2012 Block Offer with partner TAG Oil – 50% WI in permits 54876 and 54879, 30% WI in 54877 The blocks lie in the production fairway of the Taranaki Basin – primary oil & gas
Slide 8: New Zealand: Work programs
New Zealand Work programs Tariki – Ahuroa Gas Condensate Field 11 wells have been drilled since 2013with Southern Cross partner TAG in the Taranaki Basin (PEP 54876) – six wells at Cheal North (PEP 54877) – 30% EW – three wells at Cheal South (PEP 54879) – 50% EW Tariki – Ahuroa – two wells at Sou
Slide 9: New Zealand: Results to date
New Zealand Results to date 1 Well Six wells now drilled from E-pad – all six wells encountered hydrocarbons in the SC-pad Urenui and/or Mt. Messenger sandstones and were completed as producers Southern Cross 54876 Three wells drilled on Cheal South from G-pad 54877 – G-1 test flowed ~120 boepd
Slide 10: New Zealand: Production established
New Zealand Production established achieved Total production from E-site is currently approximately 190 boepd (net), ~60% oil G-1 well recovered oil and gas to surface at ~ 120 boepd Completed as Placed on Permit Well producer Flow tested production 54877 E-1 54877 E-2 E-3 Tight
Slide 11: New Zealand: Attractive fiscal terms – Illustrative Example
New Zealand Attractive fiscal terms – Illustrative Example Single well economics (oil only) - $60/b oil New Zealand fiscal terms are very favorable Drilling and completion costs $2.5 M – greater of 5% ad valorem royalty (AVR) or 20% (US$ mm) accounting profits royalty (APR) Estimated Ultimate Reco
Slide 12: Romania: Fully carried interest in four blocks
Romania Fully carried interest in four blocks East West was awarded four blocks in Romania in the 2010 licensing round Hungary – total gross acres of c. 1 million All blocks are now ratified – Tria ratified December 2012 Tria (EX-2) – remaining blocks ratified November 2013 Baile Felix (EX-3)
Slide 13: Romania: NIS – EW partnership
Romania NIS – EW partnership NIS has established a full time office in Romania in anticipation the upcoming Phase 1 work program Ex-2 Tria Total estimated minimum spend to meet work commitments over Phase 1 across all blocks is US$56.6 million Ex-3 Baile Felix – actual spend is estimated at €60
Slide 14: Summary: 2015 Operational activity
Summary 2015 Operational activity Country Block Activity January February March April May June July August September October November December New Zealand Cheal North Well workovers and artificial lift 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Waterflood feasibility 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Slide 15: Summary: 2015 committed exploration program and capital costs
Summary 2015 committed exploration program and capital costs Project Event Location Working Expected Start Est. Gross Cost Cost to East West Interest Date (C$ mm)(3) (C$ mm) New Zealand(1) E8 Well Cheal North 30% Q4 $3.3 $1.0 E9 Well Cheal North 30% Q4 $3.3 $1.0 3D Seismic Cheal South 50% Q1 $1.6 $0
Slide 16: Contact
Contact East West Petroleum Engineering 1210 – 1095 West Pender Street. AJM Petroleum Consultants Vancouver, British Columbia, Canada Bank Bank of Montreal V6E 2M6 Legal Advisors Phone: +1 (604) 682-1558 Fax: +1 (604) 682-1568 McCullough O’Connor Irwin LLP Auditors Investor Relations | Max Sali Davi
Slide 17: Management & Board of Directors
Management & Board of Directors David Sidoo – President, CEO and Director David Sidoo is a successful businessman based in Vancouver, where he oversees a private investment banking and financial management firm. Upon graduating from The University of British Columbia in 1982, where he held a four ye
Slide 18: Management & Board of Directors
Management & Board of Directors Nick DeMare – CFO and Director Mr. DeMare (CPA, CA) is the President and principal of Chase Management Ltd., a private company providing a broad range of administrative, management and financial services to private and public companies involved in mineral exploration
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