Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Investor Presentation (March 2013)
23 slides from Hibiscus Petroleum Bhd's investor presentation, Mar 21, 2013
Slide 1: HiRex Petroleum Sdn Bhd
HIREX PETROLEUM SDN BHD Pursuing High Impact Exploration Opportunities by Leveraging on Groundbreaking Technology 21 March 2013 Creating Value Through Our Knowledge And Experience 1
Slide 2: Agenda
Agenda A. INTRODUCTION TO HIBISCUS PETROLEUM GROUP B. HiREX PETROLEUM – JV with Rex and Business Model C. REX TECHNOLOGY D. HIREX PETROLEUM – Rationale E. HIBISCUS PETROLEUM - BUSY YEAR AHEAD Creating Value Through Our Knowledge And Experience 2
Slide 3: What is Hibiscus? What Do We Do?
What is Hibiscus? What Do We Do? Creating Value Through Our Knowledge And Experience Our Vision To Be A Respected Independent Oil And Gas Exploration & Production Company Creating Value Through Our Knowledge And Experience 3
Slide 4: Our Milestones
Our Milestones 1st SPAC IPO Signed Lime Additional Petroleum Onshore RAK Agreements as Concession QA 25 July 2011 24 October 2011 12 April 2012 Completed Lime 4 Additional Increase in QA - 1st Listed Norwegian Masirah % (Block E&P Company Concessions 50 Oman concession) 18 April 2012 4 May 2012 28 M
Slide 5: Hibiscus Petroleum Group
Hibiscus Petroleum Group AND THE LATEST HIBISCUS PETROLEUM ADDITION TO OUR BERHAD GROUP! 35% 50% 13% HiRex Lime 3D Oil Petroleum 49.9% Middle 50.1% Norway VIC/ P57 East RAK Offshore 59% PL 503 13% Valberget RAK Onshore 100% PL 518 Zapffe* 15% Sharjah PL 526 Vagar/ 100% 33.3% Offshore Karl HIGH IMPAC
Slide 6: Business Approach & Investment Focus
Business Approach & Investment Focus $/ boe, $/boe,Risked risked Contingent Contingent Reserves Prospective Reserves Prospective resources Resources resources Increased recovery? Increased recovery Resources The HIREX JV is consistent with High our business approach of Cost Cost overrun Overstated O
Slide 7: Agenda
Agenda A. INTRODUCTION TO HIBISCUS PETROLEUM GROUP B. HIREX PETROLEUM – JV with Rex and Business Model C. REX TECHNOLOGY D. HIREX PETROLEUM – Rationale E. HIBISCUS PETROLEUM - BUSY YEAR AHEAD Creating Value Through Our Knowledge And Experience 7
Slide 8: HiRex Petroleum – The Deal
HiRex Petroleum – The Deal On 21 March 2013 :- FINAL JOINT VENTURE STRUCTURE Orient Hibiscus Sdn Bhd, a wholly-owned subsidiary of Hibiscus and Rex South East Asia Hibiscus Petroleum Berhad Rex International Holding (Hibiscus) Pte Ltd Ltd signed a Shareholders’ Agreement to form 100% HIREX PETROLE
Slide 9: HiRex Petroleum: Business Model
HiRex Petroleum : Business Model HiRex Business Objective : To pursue high impact E & P opportunities in the Asia Pacific region. How? • To use Rex Technology as the tool to identify and select valuable concessions in the area. • To secure equity positions in high impact exploration assets as Hi
Slide 10: Geographical Coverage: Asia-Pacific
Geographical Coverage Myanmar Vietnam Thailand Philippines Cambodia Brunei Malaysia Papua New 11 Indonesia Guinea countries in Asia-Pacific Australia New Zealand Private and Confidential Creating Value Through Our Knowledge And Experience 10
Slide 11: HiRex Petroleum: Business Model (cont'd)
HiRex Petroleum : Business Model (cont’d) Funding : Initial capital for HiRex to fund JV activities will be from a 3rd party. A number of parties have expressed interest to participate. Deal to be closed within 4 – 8 weeks. HiRex management to have industry contacts and relevant experience. Crea
Slide 12: HiRex Petroleum: Business Model (cont'd)
HiRex Petroleum : Business Model (cont’d) TARGETS 20 - 40 At least 3 opportunities to be identified for opportunities to screening / year be selected for investment / year HIREX REX HIREX REX HIREX Identify Data undergoes concession initial Rex Finalise Conventional Detailed VD on owner with 2D/ scr
Slide 13: Agenda
Agenda A. INTRODUCTION TO HIBISCUS PETROLEUM GROUP B. HIREX PETROLEUM – JV with Rex and Business Model C. REX TECHNOLOGY D. HIREX PETROLEUM – Rationale E. HISBISCUS PETROLEUM - BUSY YEAR AHEAD Creating Value Through Our Knowledge And Experience 13
Slide 14: What is Rex Technology?
What is Rex Technology? The Rex Technology package comprises 3 components: 1. Rex Gravity© - to detect possible hydrocarbon accumulations through use of satellite acquired data 2. Rex Seepage© - to verify hydrocarbon presence through the use of satellite acquired data 3. Rex Virtual Drilling© - to
Slide 15: The Benefits of Virtual Drilling
The Benefits of Virtual Drilling The industry average global success rate for exploration drilling is approximately 15% or one successful discovery for every seven wells drilled. Before drilling, geologists calculate a metric called the Geological Chance of Discovery Success (GCOS) based on the
Slide 16: Application of Virtual Drilling
Application of Virtual Drilling Below is a seismic representation of geological stratigraphy. Conventional analysis results in a low probability of discovery. Rex Virtual Drilling provides an additional attribute of data which significantly improves the probabilities associated with the majority o
Slide 17: Redefining the Search for Oil
Redefining the Search for Oil Rex Virtual Drilling Method CLOSEUP Hydrocarbon Hydrocarbon fluid fluid Hydrocarbon Column: 90m Column: 85m fluid Column: 85m Rex Virtual Drilling provides an estimation of the volume of oil present as well as more precise drilling locations. It also improves the chance
Slide 18: Agenda
Agenda A. INTRODUCTION TO HIBISCUS PETROLEUM GROUP B. HIREX PETROLEUM – JV with Rex and Business Model C. REX TECHNOLOGY D. HIREX PETROLEUM – Rationale E. HISBISCUS PETROLEUM - BUSY YEAR AHEAD Creating Value Through Our Knowledge And Experience 18
Slide 19: Rationale for the HiRex JV
Rationale for the HiRex JV Rex Virtual Drilling is expected to be a game changer for the exploration sector. HiRex will be an early adopter of this technology in this region of the world, including Malaysia The markets in Asia Pacific region are best known to the Hibiscus team but remain untappe
Slide 20: Rex Technology: Enhancing The Prospect Of Oil Discovery
Rex Technology: Enhancing The Prospect Of Oil Discovery Hibiscus, through HiRex, will have strong competitive edge in pursuing exploration opportunities using Rex Technology in the Asia Pacific Region. Over the last 12 months, North Energy (Lime’s partner in Norway) tested Rex Virtual Drilling o
Slide 21: Agenda
Agenda A. INTRODUCTION TO HIBISCUS PETROLEUM GROUP B. HIREX PETROLEUM – JV with Rex and Business Model C. REX TECHNOLOGY D. HIREX PETROLEUM – Rationale E. HIBISCUS PETROLEUM - BUSY YEAR AHEAD Creating Value Through Our Knowledge And Experience 21
Slide 22: Hibiscus Petroleum: Busy Year Ahead
Hibiscus Petroleum : Busy Year Ahead A busy year of high impact initiatives at corporate and operational level to meet shareholder expectations …. 2013 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Oman Drilling (2 Wells) Validating VD Lime Petroleum Early production objective Oman EWT (Extended W
Slide 23: Thank You
THANK YOU For further clarifications, please contact Joyce Vasudevan at:- Mobile : + 6013 3657835 Office : + 603 2092 1300 Email : [email protected] 2 Creating Value Through Our Knowledge And Experience 23
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