Niko Resources Ltd. · OTC:NKRSF
Niko Resources — Investor Presentation (2011)
36 slides from Niko Resources's investor presentation, 2011
Slide 1: Stalking the Prize, Capturing the Reward
Stalking the Prize Capturing the Reward
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain "forward-looking statements" about our expectations, beliefs, plans, objectives, assumptions or future events or performance. These statements t t t include, i l d among others,th statements t t t regarding di our future f t fi financial i l p
Slide 3: Corporate Strategy
Corporate p Strategy gy ♦ Impact I t plays l ♦ Financial strength ♦ High netbacks ♦ Low finding costs
Slide 4: Slide 4
Slide 5: Active Exploration Blocks
Active Exploration p Blocks 40 35 ♦7 Countries 30 ♦36 Blocks Indonesia 25 ♦26 Operated Indonesia Trinidad ocks 20 Kurdistan # of blo Madagascar Trinidad 15 Pakistan Bangladesh Kurdistan 10 Pakistan Madagascar India Pakistan Bangladesh Bangladesh 5 India India 0 31-Mar-08 18-May-10
Slide 6: Drilling and Seismic Schedule 2011-2012
JANUARY 2011 – December 2012 2011 2011 2011 2011 2012 2012 2012 2012 Jan – April – July – Oct – Jan – April – July – Oct – LOCATION March June Sept Dec March June Sept Dec India D6 D4 To be Determined NEC‐25 Pakistan * Madagascar * Kurdistan * Indonesia Bone Bay Cendrawasih Cendrawasih II Cendrawasi
Slide 7: Block D6 – East Coast India
Block D6 – East Coast India ♦ 1.9 million acres Oil Development ♦ 10% working interest Gas Development ♦ Total development to date less than 5% of block acreage ♦ Current gas production 2 1 bcf/day ramping to 2.1 2.8 bcf/day ♦ Current liquids production at 25,000 bbls/day bbls /day
Slide 8: D6 – Future Development
D6 – Future Development AK3 Oil Development Gas Development ♦ 55 deepp water wells drilled ♦ 45 gas, 7 oil ♦ 27 exploration successes AW1 AR1 ♦ 40 TCF gas ini place l BD1 ♦ Additional prospects BJ1 BJ2 BA1-A
Slide 9: NEC 25
NEC 25 BAY OF BENGAL 2.4 million acres 10% 10% working interest ♦ 15 exploration 3D SEISMIC successes ♦ New exploration p locations AJ10 AJ11, & AJ12 AJ10 AJ9 AJ11 AJ12 ♦0 ♦10 ♦20 ♦30 ♦40 ♦50 ♦Kilometers
Slide 10: D4 Block
D4 Block ♦ 4.2 million acres ♦ 15% working orking interest ♦ 4400 km. of 2D and 3500 sq km sq. km. of 3D seismic completed ♦ 3 well drilling g program p g to commence 2011
Slide 11: Bangladesh
Bangladesh CHATTAK ♦ Current g gross production p BLOCK 9 120 mmcf/d DHAKA FENI KOLKATA BAY OF BENGAL
Slide 12: Pakistan Blocks
Pakistan Blocks ♦ Over 2.4 million acres ac es o on 4 b blocks oc s ♦ 100% working interest ♦ 2000 sq. km. 3D seismic complete ♦ One of the world’s largest submarine fan systems t
Slide 13: Grand Prix Block - Madagascar
Grand Prix Block - Madagascar ♦ 4.2 million acres ♦ 75% working ki iinterest t t ♦ High resolution multi beam survey and sea bed coring program complete ♦ 3200 sq.km. 3D seismic underway ♦ Drilling to commence Q4 2011
Slide 14: Qara Dagh Block - Kurdistan
Qara Dagh Q g Block - Kurdistan ♦ 209,000 , acres ♦ 37% working interest ♦ Operator ♦ On trend with existing oil Iraq Oil and Gas Fields discoveries Oil KNOC Gas Westernzagros Oil and Gas
Slide 15: Qara Dagh Block - Kurdistan
Qara Dagh Q g Block - Kurdistan ♦ 3 surface structures identified ♦ Largest structure 325 sq. km. with oil seeps ♦ Drilling ♦Google earth image
Slide 16: Qara Dagh Lease
Qara Dagh Q g Lease
Slide 17: Trinidad
Trinidad NCMA 2 ♦ 1.9 million acres NCMA 3 ♦ Prolific oil & gas region ♦ Adjacent to Block 2(ab 2(ab)) infrastructure ♦ Successful Block 4(b) bidder on three blocks in the M/G Block Block 5(c) 2010 bid round Guayaguayare
Slide 18: Deep Water Indonesia
Deep p Water Indonesia ♦ Indonesia has significant unexplored deep water acreage ♦ 23 billion barrels and 70 TCF produced d d to t date d t ♦ Excellent fiscal terms on frontier acreage g ♦ Utilized multi- multi-beam and Nikos’ SeaSeep SeaSeep™ ™ technologygy to select acreage from a 1 million sq. km
Slide 19: Indonesian vs Gulf of Mexico
Indonesian vs Gulf of Mexico One 5,000 km2 Indonesian Block = ~200 GOM B Blocks locks Allows us to capture the entire trend! Gulf of Mexico 25 km2 Gulf of Mexico Block 000 km2 Block 5,000 5 Indonesian PSC
Slide 20: Niko Indonesia Blocks
Niko Indonesia Blocks 0 50 100 200 Kilometers 110°E 120°E 130°E N LEGEND Niko Blocks Other PSC's 5°N 5°N Natuna Sea Celebes Sea PACIFIC OCEAN North Halmahera North Sea Makassar Makassar Strait Strait 0° 0° Mol cca Sea Molucca 0 0 Kofiau Kofiau Cendrawasih Cendrawasih Bay-II Bay-II SE. SE. Ganal-I Ga
Slide 21: South East Ganal I
South East Ganal I Wells planned before November 2011 Wells planned after November 2011 ♦ 100% working interest Mahakam Delta ♦ Over 7 Billion BOE Oil and Gas Fields Oil: 3.5 Bil barrels discovered to date in Gas: 6200 BCF shallow/deep water area of Kutai Basin Muara Bakau Surumana ExxonMobil Eni Br
Slide 22: North Makassar Strait
North Makassar Strait ♦ 50% working interest ♦ Same play as SE Ganal ♦ Prospect identified partly on neighboring block
Slide 23: West Sageri Block
West Sageri g Block ♦ 100% working interest Makassar Straits ♦ Deepp water rift/reef Gas Field – 300 BCF play adjacent to prolific Kutei Basin Sageri Talisman ♦ Multiple wells committed in neighboring blocks over next 2 years Wells planned before November 2011 Wells planned after November 2011
Slide 24: Bone Bay Block
Bone Bayy Block ♦ 45% working interest ♦ Marathon operator ♦ 600 BCF nearby y onshore fields ♦ Deepp water rift/reef play
Slide 25: South Matindok Block
South Matindok Block ♦ 100% working interest ♦ Block is on trend with multiple p onshore fields (1 Billion BOE)
Slide 26: East Bula & Seram Blocks
East Bula & Seram Blocks Bula & Oseil ♦ 55% working interest Oil Fields – 170 MMBO ♦ Partnered with Repsol ♦ Adjacent to 170 million barrel Bula and Oseil oil fields Semai II Murphy Semai V Hess Wells planned before November 2011
Slide 27: Kumawa Block
Kumawa Block ♦ 45% working interest ♦ Marathon operator ♦ Deep water Jurassic and Tertiary play Tangguh Gas Field trend 17 TCF Semai II Murphy ♦ 17 TCF nearby fields Semai V Hess Wells planned before November 2011 Wells planned before November 2011
Slide 28: West Papua IV Block
West Papua p IV Block ♦ 80% working interest ♦ Deep water Jurassic structural t t l closures l and d Tertiary carbonate play Tangguh Tangguh ♦ trend similar to Gas Fields Gas Fields ♦17 17 TCF TCF K Kumawa Bl Blockk llocated t d to the west ♦ 17 TCF nearby fields part of BP Tangguh LNG
Slide 29: Cendrawasih Block
Cendrawasih Block ♦ 45% working interest ♦ Exxon operator ♦ Deep water Miocene carbonate play trend Tangguh Gas Fields 17 TCF ♦ 17 TCF nearby fields
Slide 30: Cendrawasih II, III & IV Block
Cendrawasih II,, III & IV Block ♦ 50% working interest II ♦ Partnered with Repsol III ♦ Deep water Miocene carbonate play trend Tangguh Gas Fields IV 17 TCF
Slide 31: Halmahera-Kofiau & Kofiau Blocks
Halmahera--Kofiau & KofiauBlocks Halmahera ♦ Kofiau 100% working interest ♦ Halmahera 80% working interest ♦ Block is on trend with Salawati Salawati basin 500 Oil Field Million BO ♦ Miocene reefs and Tangguh Pliocene structure Gas Field 17 TCF plays
Slide 32: Sunda Strait I Block
Sunda Strait I Block ♦ 100% working interest ♦ Deep water Miocene carbonate play trend JAKARTA ♦ Close proximity to West Java ((Jakarta)) market
Slide 33: Average Production MMCFE
Average e age Production oduct o MMCFE C 350 300 250 200 D6, India 150 Block 9, Bangladesh All other, India 100 50 - F2009 F2010 F2011
Slide 34: Operating Cash Flow & Capital
Operating Ope at g Cash Cas Flow o & Capital Cap ta 500 400 300 Development Capital Exploration Capital C 200 Operating Cash Flow 100 0 F2009 F2010 F2011
Slide 35: Do the Math
Do the Math If 33 Blocks Bl k and each has Probability of Successful Blocks 15% At Least One At Least Three At Least Five Chance of Success 99.5% 89.1% 56.9%
Slide 36: Conclusion
Conclusion ♦ With increasing production volumes l ♦ Some of the lowest operating costs in the industry ♦ Strong balance sheet ♦ World class exploration p potential p