Clontarf Energy Plc · LSE:CLON
Clontarf Energy — Shareholder Meeting (July 2012)
18 slides from Clontarf Energy's shareholder meeting presentation, July 2012
Slide 1: Clontarf Energy
CLONTARF ENERGY An emerging E&P company focused on Africa and South America July 2012 1
Slide 2: PERU: World Class Exploration Portfolio
PERU: World Class Exploration Portfolio • Clontarf holds two exploration blocks: 183 and 188. • Peru is a highly attractive, growing oil & gas province. • Farm out discussions underway. • The Government takes proportionally to the field profitability: Total effective state take is 50%. • Reasonable
Slide 3: Block 188 - Ucayali
BLOCK 188 - Ucayali • 595,809 hectares of prospective ground, beside the giant Camisea (16 tcf & 880mmbo) producing field. • Extensive regional data available (13,400km of 2d seismic and 50 wells). • Good seismic coverage and three wells drilled close to Block 188. • Main petroleum system is Paleozo
Slide 4: Block 188 - Access
ANDEAN MOUNTAINS LIMA Ki OFFICE 4 pays 79 TON TRUCK) NO SCALE LEGEND (0 1 DAYS) NAVIGABLE PER Annan Ken FROM FUNDO LLAMERO RAMEY SEASORE DECEMBER MARCH Amerongs River PUCALLPA (960 DAYS) 2 ¥ et NUEVO MUNDO 4 (110 DAYS) CAMISEA (90 DAYS) CL ONTARF PLC
Slide 5: Block 188 - Undeveloped Discovery
BLOCK 188 - Undeveloped Discovery • The identified Panguana structure presents a stand-alone prospect suitable for early drilling: • Phillips Petroleum drilled the 2,750 metre Panguana x-1 well in 1998. Uneconomic at the time. • The oil collected was of good quality (37°API) in the Green Sandstone F
Slide 6: Block 188 – Panguana re-entry
BLOCK 188 – Panguana re-entry 1200m PANGUANA 1x 1300 Sidetrack Operation Drill Out 9 5/8 1325m 1400 Kick Down dip 500 m Test Ambo Sands 9 5/8 1325m 1500 1600 Green Sandstone 1700 level Ga s 1800 RFT 1700m Oil 1900 Ambo Sands 2000 6
Slide 7: Block 188 – Multiple Leads
BLOCK 188 – Multiple Leads • Three Prospects and ten important leads • The main objective in the Block 188, are the Green Sandstone (Carboniferous) and the Paleozoic sandstones Ambo Group. • Secondary objectives reservoirs are the sands of the Vivian, Chonta, Agua Caliente and Cushabatay formations
Slide 8: Block 188 - Minimum Work Programme
BLOCK 188 - Minimum Work Programme Period Months Minimun Work Program 1º 12 Evaluation G &G with existing information.Report Evaluation 2º 18 Adquisition and interpretation of 150 km 2D seismic. G &G evaluation. Leads and or prospects definitions. Evaluation Report. 3º 18 Drilling of 1 exploratory w
Slide 9: Block 183 - Marañon Basin
BLOCK 183 - Marañon Basin • Block 183 is 396,826 hectares in the Marañon Basin, which has produced oil since the 1940s. • Two oil fields and one gas field neighbour Block 183. • Good quality, recently re-processed seismic data is available. • Two main source rocks: Triassic-Jurassic & Cretaceous. •
Slide 10: Block 183 - Prospects and Leads
BLOCK 183 - Prospects and Leads Lead Nº 1 A major reprocessed seismic Line 19. It shows anomalies demonstrating significant gas occurrence, which enhances the hydrocarbon potential in Block 183, bounded most likely with lead four way closure located in the line DX47/DX26. 10
Slide 11: Exploration sweet-spot beside Tullow finds: Offshore/Onshore Tano Block 2A
Exploration sweet-spot beside Tullow finds: Offshore/Onshore Tano Block 2A • over 2 billion plus barrels discovered since 2005 in Tano Basin. •The concession, Tano 2A, is in the name of ‘Pan Andean Resources Limited’. 3°30'0"W 3°10'0"W 2°50'0"W 2°30'0"W 2°10'0"W 1°50'0"W 1°30'0"W 1°10'0"W 0°50'0"W 0
Slide 12: Recent Discoveries And Prospects, Offshore Tano Basin
Recent Discoveries And Prospects, Offshore Tano Basin Total discovered to date over 2 billion barrels. Production began from Jubilee in 2010. 12 12
Slide 13: Tano Basin Plays: Deep Offshore kitchen + Migration Up-dip
Tano Basin Plays: Deep Offshore kitchen + Migration Up-dip: 13
Slide 14: Work Completed
Work Completed Purchase of available well reports & seismic data Analysis of extensive geological data: summary report Interpretation of all available seismic data on the licence: geophysical report Analysis of structural & stratigraphic trap leads idenfied on the seismic: report 14
Slide 15: Several New Prospects In Onshore Lower Cretaceous
Several New Prospects In Onshore Lower Cretaceous 15
Slide 16: Ghana Tano 2A Summary
GHANA TANO 2A SUMMARY Licence area: 1,532 sq. km onshore & offshore Evidence indicates deeper offshore oil kitchen has fed oil across the shelf area to onshore More than 3,250m of Cretaceous-Cenozoic sediments proved at the coastline Of the 28 onshore wells only one shallow well drilled with
Slide 17: Focused Strategy
Focused Strategy • Peru: Three pronged strategy Examine opportunities to joint venture the Panguana prospect on Block 188 Farm out both blocks Possibly sell our interest in Block 183 • Ghana: Awaiting ratification which is expected in 2nd half 2012. All requirements completed. Ready to move on
Slide 18: Contact Details
CONTACT DETAILS Clontarf Energy Plc 162 Clontarf Road Dublin 3 Ireland Phone: +353 1 833 2833 Fax: +353 1 833 3505 Email: [email protected] www.clontarfenergy.com 18