East West Minerals Ltd. · TSXV:EW
East West Minerals — East West Petroleum — Investor Presentation (January 2015)
17 slides from East West Minerals's investor presentation, January 2015
Slide 1: Corporate Overview
Corporate Overview Cheal E-‐site oil being shipped to New Plymouth for sale January 2015
Slide 2: Notice regarding forward looking statements
No.ce regarding forward looking statements This presenta3on contains certain forward-‐looking statements (forecasts) under applicable securi3es laws rela3ng to future events or future performance. Forward-‐ looking statements are necessarily based upon assump3ons and judgements with respect to the
Slide 3: Corporate overview
Corporate overview Ø East West Petroleum is a Canadian-‐based E&P firm listed on the TSX-‐Venture Exchange (symbol EW) focused on interna3onal oil & gas opportuni3es Ø Por^olio of assets has access to approximately 1 million gross prospec3ve explora3on acres in five countries Ø 2010 – 2012 were f
Slide 4: Capital structure and share price
Capital structure and share price Capitaliza.on Share price performance (from Jan 1, 2013) C$0.60 600,000 Basic shares outstanding 91.8M Stock Op3ons 7.4 M C$0.50 500,000 Daily Volume ( 30-‐d avg vol) Fully Diluted shares outstanding 99.2 M C$0.40 400,000 Current share price * C$0.12 C$0.30 300,000
Slide 5: 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 Securi3es where he quickly became one of the company's
Slide 6: New Zealand Taranaki Basin
New Zealand Taranaki Basin Ø Awarded permits 54876, 54877, 54879 in New Zealand’s 2012 Block Offer with partner TAG Oil – 50% WI in permits 54876 and 54879, 30% WI in 54877 Ø The blocks lie in the produc3on fairway of the Taranaki Basin – primary oil & gas basin in New Zealand – rela3vely underexpl
Slide 7: New Zealand Work programs
New Zealand Work programs Tariki – Ahuroa Gas Condensate Field Ø Nine wells were drilled in the 2013/14 drilling Southern Cross program with partner TAG in the Taranaki Basin (PEP 54876) – five wells at Cheal North (PEP 54877) – 30% EW – three wells at Cheal South (PEP 54879) – 50% EW Tariki – Ahuro
Slide 8: New Zealand Results to date
New Zealand Results to date 1 Well Ø Six wells now drilled from E-‐pad – all six wells encountered hydrocarbons in the SC-‐pad Urenui and/or Mt. Messenger sandstones and completed as producers Southern Cross 54876 Ø Three wells drilled on Cheal South from G-‐pad 54877 – G-‐1 test flowed ~120 bo
Slide 9: New Zealand First production achieved
New Zealand First produc.on achieved Ø Total produc3on from E-‐site is currently approximately 350 boepd (net), ~78% oil – Cheal E-‐1, E-‐4 and E-‐6 are flowing under natural flow – Cheal E-‐5 on jet pump Ø E-‐2 scheduled for recomple3on up-‐hole in the Mt. Messenger in Q1/2015 Ø G-‐1 well
Slide 10: New Zealand Attractive fiscal terms
New Zealand A_rac.ve fiscal terms Ø New Zealand fiscal terms are very favorable Single well economics (oil only) -‐ $60/b oil – greater of 5% ad valorem royalty (AVR) or 20% Drilling and comple3on costs $2.5 M accoun3ng profits royalty (APR) (US$ mm) • only AVR un3l field declared commercial Es3mated
Slide 11: Romania Fully carried interest in four blocks
Romania Fully carried interest in four blocks Ø East West was awarded four blocks in Romania in the 2010 licensing round Hungary – total gross acres of c. 1 million Ø All blocks are now ra3fied – Tria ra3fied December 2012 Tria (EX-‐2) – remaining blocks ra3fied November 2013 Baile Felix (EX-‐3) Ø
Slide 12: Romania NIS – EW partnership
Romania NIS – EW partnership Ø NIS has established a full 3me office in Romania in an3cipa3on the upcoming Phase 1 work program Ex-2 Tria Ø Total es3mated minimum spend to meet work commitments over Phase 1 across all blocks is US$56.6 million Ex-3 Baile Felix – actual spend is es3mated at €60 M Ø
Slide 13: Summary 2015 Operational activity
Summary 2015 Opera.onal ac.vity Country Block Activity January February March April May June July August September October November December New Zealand Cheal North E-‐2 recompletion 1 1 1 E-‐site to Cheal gas pipeline 1 1 1 1 1 1 1 1 1 1 1 1 1 Biostrat study 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 E-‐8
Slide 14: Summary 2015 committed exploration program and capital costs
Summary 2015 commi_ed explora.on program and capital costs Project Well Loca.on Working Expected Spud Est. Gross Cost Cost to East West Interest Date (C$ mm)(3) (C$ mm) New Zealand(1) E2 Cheal North Q1 $0.7 $0.2 30% recomple3on Biostrat studies Taranaki 30% -‐ 50% Q3 $0.6 $0.3 Seismic Southern Cros
Slide 15: Contact
Contact East West Petroleum Engineering AJM Petroleum Consultants 1210 – 1095 West Pender Street. Bank Vancouver, British Columbia, Canada Bank of Montreal V6E 2M6 Legal Advisors McCullough O’Connor Irwin LLP Phone: +1 (604) 682-1558 Fax: +1 (604) 682-1568 Auditors Davidson & Company, LLP www.eastwe
Slide 16: 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 gradua3ng from The University of Bri3sh Columbia in 1982, where he held a four year s
Slide 17: 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 administra3ve, management and financial services to private and public companies involved in mineral explora3on and
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