Petrel Resources Plc · LSE:PET

Petrel Resources — Investor Presentation (February 2005)

15 slides from Petrel Resources's investor presentation, February 2005

  1. Slide 1: Petrel Resources plc

    Petrel Resources plc February 2005 Petrel is a London Stock Exchange listed oil explorer focused on oil exploration in Iraq Copyright Petrel Resources plc 1

  2. Slide 2: Iraq is the world's best resource play – though with political risk

    Iraq is the world’s best resource play – though with political risk No mineral has better economics than oil Iraq is the lowest cost oil producer Political difficulties give us access to the Iraqi oil opportunity –Now dangerous for Coalition oil companies Iraq is crucial to the world’s energy fu

  3. Slide 3: Petrel focuses on Iraqi oil exploration & development

    Petrel focuses on Iraqi oil exploration & development Petrel submitted tenders to refurbish, rebuild and expand three proven oil fields to Iraqi Ministry of Oil’s State Oil Projects Company (SCOP) during 2004. Khurmala Dome (of Kirkuk field in northern Iraq / Kurdestan) and Hamrin field (north of

  4. Slide 4: Iraq is critical to the world's energy future

    Iraq is critical to the world’s energy future Iraq is the second largest oil province worldwide with 115 billion barrels of proven reserves and up to 300 billion barrels of possible reserves. The industry has suffered from severe under-investment during the past 24 years. Post-war production coll

  5. Slide 5: Iraqi Oil & Gas Fields

    IRAQI OIL & GAS FIELDS 5 Copyright Petrel Resources plc

  6. Slide 6: Petrel concluding discussions on greenfield developments

    Petrel concluding discussions on greenfield developments • The Iraqi Ministry of Oil (Projects Division or ‘SCOP’) pre-qualified and encouraged Petrel to tender for its three oil field development projects under cash contract • Each oil field will produce over 100,000 barrels production daily and ov

  7. Slide 7: Outline Field Descriptions

    OUTLINE FIELD DESCRIPTIONS Khurmala Hamrin Location 80 km North west of Kirkuk 75 km South of Kirkuk and 200 km north west of Baghdad Reservoir area 60 km x 20 km 40 km x 4 km Number of Wells 60 production 75 gas lifted production Number of Stations Three Degassing Stations Four Degassing Stations a

  8. Slide 8: Additional Development of the Luhais & Subba Fields

    Additional Development of the LUHAIS & SUBBA Fields • Effectively ‘Brown Field’ site with existing operational facilities – albeit degraded by sanctions & wars. • Minimum combined production 200,000 barrels daily + associated gas. • Petrel submitted a Field Development Plan in 2000 (under UN rules)

  9. Slide 9: Iraqi oil exploration is world class

    Iraqi oil exploration is world class Iraqi Ministry of Oil offered nine blocks for exploration. Block 6 covers 10,000 sq kms These Western Desert blocks are world class potential - though riskier than existing fields  Mesozoic (middle) & Paleozoic (deeper) targets Detailed technical review of av

  10. Slide 10: Copyright Petrel Resources plc

    10 Copyright Petrel Resources plc

  11. Slide 11: Block 6 includes oil & gas plays

    Block 6 INCLUDES OIL & GAS PLAYS Block 6 is located in the relatively unexplored Paleozoic Basin of Western Iraq Mature oil and gas source rocks occur in Silurian and  Middle Ordovician sediments Proven plays occur in reservoirs of Carboniferous, Silurian and Ordovician age  There is 3,400 km of

  12. Slide 12: The prize makes running political risk worthwhile

    he prize makes running political risk worthwhi War & sanctions destabilised the region but opened opportunities due to the need for acceptance by various Iraqi players, Iraqis need for revenues and consumers need for energy. Petrel can access international technology (team includes Hanover, Weathe

  13. Slide 13: Financial Details

    Financial Details Price range 5p-150p, current price 50p. There are 58 million shares in issue, 65 million fully diluted, capitalising the company at £32m. Circa 25% institutional shareholders Plus 1,700 private shareholders. The Petrel (PET) price is listed daily in the Financial Times in the

  14. Slide 14: Share price graph

    Share price graph 14 Copyright Petrel Resources plc

  15. Slide 15: Contact Details

    CONTACT DETAILS www.petrelresources.com Email: [email protected] Tel: +353 1 833 2833 Fax: +353 1 833 3505 15 Copyright Petrel Resources plc

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