This document provides an investor presentation for PetroMagdalena Energy Corp. It discusses the company's focus on increasing production, reserves, and cash flow from its portfolio of oil and gas assets in Colombia. Some key points:
- The company aims to increase organic cash flow through exploitation and exploration opportunities across its assets. This includes increased development activity in 2012 at its Cubiro block in the Llanos Basin following exploration success there in 2011.
- At Cubiro, the company increased 2P reserves by 86% to 10.8 million barrels of oil equivalent based on a technical report. 1P reserves increased 73% to 3 million barrels.
- The company is also working to maximize value from its
The document discusses PVA's transition from a natural gas producer to an oil and liquids producer through acquisitions in the Eagle Ford Shale. It has grown its oil and natural gas liquids production significantly and expanded its acreage position in the Eagle Ford. PVA's strategy is to continue developing the Eagle Ford, expanding its oil and liquids reserves and production, while retaining its substantial gas assets. This transition has shifted the value of PVA towards oil as oil and natural gas liquids prices have increased relative to natural gas prices.
This document discusses Penn Virginia's (PVA's) presentation at the BMO Capital Markets 10th Annual Unconventional Resource Conference on January 8, 2012. It begins with forward-looking statements and definitions of proved, probable and possible oil and gas reserves. It then provides a high-level overview of PVA, including its transition to focus on oil and liquids-rich plays like the Eagle Ford Shale. The document summarizes PVA's key assets and highlights its multi-year drilling inventory in the Eagle Ford Shale play.
Sage Gold is a junior mining company focused on developing its Clavos gold and Lynx copper-silver-gold projects in Ontario, Canada into production to generate cash flow. Key points:
1) Sage plans to initially generate cash flow through developing production at its permitted Clavos gold project, which has an existing resource and positive
This investor presentation provides an overview of Rowan Companies and highlights reasons for investing in the company. Some key points include:
- Rowan has differentiated itself in the offshore drilling industry by focusing on demanding wells and owning a fleet of high-specification rigs well-positioned for key markets.
- The company has a large, diversified contract backlog that extends into 2018 and a strong balance sheet to pursue growth opportunities.
- Industry dynamics are favorable for Rowan as older rigs nearing the end of their lifespans will need to be replaced, and the company's rigs have scored well above average in capability assessments.
NAP is a primary palladium producer with its LDI mine in Ontario, Canada. It has a clear strategy to increase production at LDI to 170,000-175,000 ounces in 2014 while lowering costs to $450/ounce. LDI provides leverage to rising palladium prices driven by constrained mine supply and growing demand for palladium from the automotive sector. NAP has additional upside from exploration and development at LDI to leverage its existing infrastructure. The presentation provides an overview of NAP's assets and investment opportunity.
This document provides an overview of North American Palladium's Lac des Iles mine. It summarizes that the mine has increased proven and probable reserves to 1.3 million ounces of palladium through 2019. It also notes 57 million tonnes of measured and indicated resources beyond reserves, and 15.7 million tonnes of inferred resources. The presentation outlines plans to increase mining rates to 5,000 tonnes per day by the end of 2014 in order to lower costs and extend the mine life.
The document provides an overview of North American Palladium's Lac des Iles palladium mine in Ontario, Canada. It discusses the constrained global palladium supply outlook and growing demand drivers. NAP's Lac des Iles mine is a world-class asset with significant exploration potential and excess processing capacity. The mine is forecast to increase production to over 200,000 ounces of palladium per year while lowering costs, leveraging existing infrastructure. Drilling programs aim to expand reserves and resources in high priority areas of the mine.
NAP operates the Lac des Iles mine in Ontario, Canada, one of only two primary palladium mines in the world. The presentation provides an overview of NAP's operations including:
1) Guidance for 2014 of producing 170-175k ounces of palladium at a cash cost of $550/ounce, declining to $450/ounce in Q4.
2) An updated life of mine plan extending the mine life to 2019 with proven and probable reserves of 1.3 million ounces of palladium.
3) Exploration and development upside from existing infrastructure with a $10 million exploration budget to expand resources at depth and along strike.
4) Q1 2014 results that exceeded guidance with
NAP's Lac des Iles mine in Ontario, Canada is one of only two primary palladium mines in the world. The presentation discusses expanding production at LDI through mine expansion projects which offer production growth and decreasing cash costs. It also notes significant development and exploration upside at LDI and other properties to complement existing mill capacity and infrastructure. Management is experienced and aims to reduce risks through projects at LDI, which has been producing palladium for 20 years.
1) The document is an investor presentation for Penn Virginia Corporation (PVA) that provides an overview of the company and its strategy.
2) PVA has transitioned its business strategy and capital investments toward oil and natural gas liquid plays like the Eagle Ford Shale, growing its oil production significantly.
3) The company aims to continue expanding its oil and liquids reserves and drilling inventory through continued development of the Eagle Ford and exploration of new oil prospects, while maintaining a conservative financial strategy and balance sheet.
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
PetroMagdalena Energy Corp. is an oil and gas exploration company focused on developing its assets in Colombia. It has a diversified portfolio of exploration blocks and producing assets in several Colombian basins. The company aims to increase production and cash flow through development drilling in its light oil assets in the Llanos Basin in 2012. It also plans to maximize value from its asset portfolio by leveraging relationships with partners. PetroMagdalena sees opportunities to acquire additional underfunded assets with exploration potential given the investment environment in Colombia.
This investor presentation provides an overview of North American Palladium Ltd.'s Lac des Iles palladium mine in Ontario, Canada. Some key points:
- The palladium market is expected to remain in deficit due to constrained global supply and growing demand from the automotive sector.
- Lac des Iles is a world-class asset with significant exploration potential. Production is increasing while costs are decreasing.
- In 2014, guidance includes producing 170,000-175,000 ounces of palladium at a cash cost of around $550/ounce, declining to $450/ounce by Q4.
- Exploration drilling continues to show promise in expanding the Offset Zone resource at depth and along strike.
The presentation summarizes Sage Gold's plans to develop the near-term production potential of its Clavos gold deposit in Timmins, Ontario through 2023. Key points include:
1) Sage Gold aims to begin initial production at Clavos in 2013 to generate cash flow, utilizing existing infrastructure from a partnership with St. Andrew Goldfields.
2) A new NI 43-101 resource estimate and preliminary economic assessment is planned for Q4 2012 to advance the project.
3) The deposit remains open along strike and at depth, representing potential to significantly increase resources through further drilling.
4) Strategic partnerships provide low-cost access to mining and milling facilities near the project.
NAP is an investment opportunity in the palladium market. It owns the Lac des Iles mine, one of only two primary palladium mines globally. The mine is undergoing an expansion to increase production and reduce costs per ounce. Palladium fundamentals are strong due to constrained supply and increasing demand from the automotive sector. NAP offers production growth through the mine expansion and exploration upside on its properties.
This document discusses North American Palladium's investment case. It notes that NAP is a growth-oriented precious metals producer with operations in mining-friendly jurisdictions. It has the Lac des Iles palladium mine, one of only two primary palladium mines in the world, and a gold division. NAP has a pipeline of projects to increase palladium and gold production and significant exploration commitments. It also has an experienced management team and a strong balance sheet with no long-term debt.
The document presents an investment case for investing in palladium mining company North American Palladium. It notes that palladium prices are forecast to rise significantly due to strong demand fundamentals and constrained mine supply. Demand is expected to continue growing from the automotive sector, while mine production is concentrated in risky jurisdictions like Russia and South Africa and unable to keep up with demand. North American Palladium offers palladium production growth through mine expansion and has an experienced management team and prudent financial position to support further development.
Monica de greiff eeb (tgi) expansiones de tgi en el sistema nacional de tra...
TGI planea expandir su infraestructura de gasoductos en Colombia en más de 500 millones de dólares para satisfacer la creciente demanda. Dos proyectos clave son la ampliación del gasoducto Ballena-Barrancabermeja de 190 Mpcd a 260 Mpcd, y la expansión del gasoducto Cusiana-Vasconia de 210 Mpcd a 390 Mpcd en dos fases. Ambos proyectos se encuentran actualmente en construcción y se espera que aumenten significativamente la capacidad de transporte de TGI para 2010-2011.
Este documento presenta el Reglamento para el Diseño, Construcción, Operación y Abandono de Ductos en Bolivia. Establece diez títulos que cubren principios generales, selección de ruta y diseño, materiales, soldadura, construcción, pruebas, licencias, operación, informes y archivo de información. Las compañías deben cumplir con este reglamento y las normas ASME B31.4 y B31.8 para garantizar la seguridad en el transporte de hidrocarburos a través de ductos en Bol
Los poliductos son redes de tuberías que transportan combustibles como gasolina y diesel entre refinerías y terminales. La red de poliductos de Petrocomercial en Ecuador incluye más de 1300 km de tuberías de diferentes diámetros que transportan hasta 6 millones de galones diarios. El mantenimiento incluye control de vegetación, reparaciones y limpieza para garantizar el funcionamiento continuo.
El documento habla sobre la historia y el uso de oleoductos y gaseoductos para transportar petróleo, gas natural y otros fluidos de manera segura y económica. Explica que los primeros ductos se usaron en la antigua Roma y China para agua, y en el siglo XIX para petróleo. Luego describe cómo funcionan los ductos modernos de diferentes tamaños y materiales, los métodos de inspección y vigilancia, y algunos de los riesgos asociados como explosiones o ataques. Finalmente menciona varios ej
El documento describe los desafíos que enfrenta el transporte marítimo de derivados del petróleo en Ecuador, incluyendo procesos deficientes, falta de tecnología y personal calificado. Esto ha dado lugar a un servicio deficiente que amenaza la sostenibilidad a largo plazo de las empresas. El documento propone implementar un sistema logístico y de transporte marítimo mejorado para brindar un servicio más eficiente y satisfactorio que cumpla con las necesidades de los clientes.
El documento resume la historia del transporte de petróleo y derivados, desde los primeros barriles de madera transportados en ferrocarril hasta la actualidad donde se utilizan grandes tanqueros. Explica los diferentes tipos de buques tanqueros según su capacidad como VLCC, Aframax y Suezmax, y los oleoductos y gasoductos como métodos de transporte. También menciona acuerdos firmados por Venezuela para aumentar su flota petrolera pero que en su mayoría no se han concretado.
Este documento trata sobre el transporte por ductos. Explica que los ductos son sistemas compuestos por estaciones de bombeo, estaciones reductoras, depósitos de almacenamiento y tuberías. Describe los diferentes tipos de estaciones y componentes de un ducto. Además, explica el funcionamiento del transporte por ductos y los objetivos de estudiar este tema.
This document contains an investor presentation by PVA Oil & Gas regarding their business strategy and operations. PVA has transitioned from primarily focusing on natural gas to oil and natural gas liquids (NGLs) through developing their Eagle Ford Shale position. They plan to continue expanding their Eagle Ford acreage and drilling inventory while growing oil and NGL production and cash flows. PVA's proved reserves are now approximately 40% oil and NGLs, and over 60% of their 2013 production and 85% of revenues are expected to come from oil and NGLs due to the shift in commodity prices favoring liquids over natural gas.
Sage march 2013 investor presentation currentSagegold
Sage Gold's short term plan is to develop the existing resource at their Clavos deposit to generate cash flow through near term production. A Preliminary Economic Assessment shows a robust project with a 71% pre-tax IRR. Existing infrastructure and permits are in place to begin re-opening the Clavos mine in 2013. Sage also has a JV with St Andrew Goldfields providing access to a mill and existing underground development at the Clavos property in the prolific Timmins gold camp of Ontario. The updated NI43-101 shows indicated resources of 194,600 ounces and inferred resources of 120,000 ounces of gold at the Clavos deposit.
This document discusses North American Palladium as an investment opportunity. It presents NAP as a growth-oriented precious metals producer with palladium and gold mining operations in mining-friendly jurisdictions. It notes that palladium supply is constrained, with global mine production of only 6.8 million ounces annually, while demand is increasing due to growth in the automotive sector. The document also highlights NAP's strong financial position with $95.7 million in working capital and $110 million in pro forma cash to fund development programs.
The document discusses PVA's transition from a natural gas producer to an oil and liquids producer through acquisitions in the Eagle Ford Shale. It has grown its oil and natural gas liquids production significantly and expanded its acreage position in the Eagle Ford. PVA's strategy is to continue developing the Eagle Ford, expanding its oil and liquids reserves and production, while retaining its substantial gas assets. This transition has shifted the value of PVA towards oil as oil and natural gas liquids prices have increased relative to natural gas prices.
This document discusses Penn Virginia's (PVA's) presentation at the BMO Capital Markets 10th Annual Unconventional Resource Conference on January 8, 2012. It begins with forward-looking statements and definitions of proved, probable and possible oil and gas reserves. It then provides a high-level overview of PVA, including its transition to focus on oil and liquids-rich plays like the Eagle Ford Shale. The document summarizes PVA's key assets and highlights its multi-year drilling inventory in the Eagle Ford Shale play.
Sage Gold is a junior mining company focused on developing its Clavos gold and Lynx copper-silver-gold projects in Ontario, Canada into production to generate cash flow. Key points:
1) Sage plans to initially generate cash flow through developing production at its permitted Clavos gold project, which has an existing resource and positive
This investor presentation provides an overview of Rowan Companies and highlights reasons for investing in the company. Some key points include:
- Rowan has differentiated itself in the offshore drilling industry by focusing on demanding wells and owning a fleet of high-specification rigs well-positioned for key markets.
- The company has a large, diversified contract backlog that extends into 2018 and a strong balance sheet to pursue growth opportunities.
- Industry dynamics are favorable for Rowan as older rigs nearing the end of their lifespans will need to be replaced, and the company's rigs have scored well above average in capability assessments.
NAP is a primary palladium producer with its LDI mine in Ontario, Canada. It has a clear strategy to increase production at LDI to 170,000-175,000 ounces in 2014 while lowering costs to $450/ounce. LDI provides leverage to rising palladium prices driven by constrained mine supply and growing demand for palladium from the automotive sector. NAP has additional upside from exploration and development at LDI to leverage its existing infrastructure. The presentation provides an overview of NAP's assets and investment opportunity.
This document provides an overview of North American Palladium's Lac des Iles mine. It summarizes that the mine has increased proven and probable reserves to 1.3 million ounces of palladium through 2019. It also notes 57 million tonnes of measured and indicated resources beyond reserves, and 15.7 million tonnes of inferred resources. The presentation outlines plans to increase mining rates to 5,000 tonnes per day by the end of 2014 in order to lower costs and extend the mine life.
The document provides an overview of North American Palladium's Lac des Iles palladium mine in Ontario, Canada. It discusses the constrained global palladium supply outlook and growing demand drivers. NAP's Lac des Iles mine is a world-class asset with significant exploration potential and excess processing capacity. The mine is forecast to increase production to over 200,000 ounces of palladium per year while lowering costs, leveraging existing infrastructure. Drilling programs aim to expand reserves and resources in high priority areas of the mine.
NAP operates the Lac des Iles mine in Ontario, Canada, one of only two primary palladium mines in the world. The presentation provides an overview of NAP's operations including:
1) Guidance for 2014 of producing 170-175k ounces of palladium at a cash cost of $550/ounce, declining to $450/ounce in Q4.
2) An updated life of mine plan extending the mine life to 2019 with proven and probable reserves of 1.3 million ounces of palladium.
3) Exploration and development upside from existing infrastructure with a $10 million exploration budget to expand resources at depth and along strike.
4) Q1 2014 results that exceeded guidance with
NAP's Lac des Iles mine in Ontario, Canada is one of only two primary palladium mines in the world. The presentation discusses expanding production at LDI through mine expansion projects which offer production growth and decreasing cash costs. It also notes significant development and exploration upside at LDI and other properties to complement existing mill capacity and infrastructure. Management is experienced and aims to reduce risks through projects at LDI, which has been producing palladium for 20 years.
1) The document is an investor presentation for Penn Virginia Corporation (PVA) that provides an overview of the company and its strategy.
2) PVA has transitioned its business strategy and capital investments toward oil and natural gas liquid plays like the Eagle Ford Shale, growing its oil production significantly.
3) The company aims to continue expanding its oil and liquids reserves and drilling inventory through continued development of the Eagle Ford and exploration of new oil prospects, while maintaining a conservative financial strategy and balance sheet.
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
PetroMagdalena Energy Corp. is an oil and gas exploration company focused on developing its assets in Colombia. It has a diversified portfolio of exploration blocks and producing assets in several Colombian basins. The company aims to increase production and cash flow through development drilling in its light oil assets in the Llanos Basin in 2012. It also plans to maximize value from its asset portfolio by leveraging relationships with partners. PetroMagdalena sees opportunities to acquire additional underfunded assets with exploration potential given the investment environment in Colombia.
This investor presentation provides an overview of North American Palladium Ltd.'s Lac des Iles palladium mine in Ontario, Canada. Some key points:
- The palladium market is expected to remain in deficit due to constrained global supply and growing demand from the automotive sector.
- Lac des Iles is a world-class asset with significant exploration potential. Production is increasing while costs are decreasing.
- In 2014, guidance includes producing 170,000-175,000 ounces of palladium at a cash cost of around $550/ounce, declining to $450/ounce by Q4.
- Exploration drilling continues to show promise in expanding the Offset Zone resource at depth and along strike.
The presentation summarizes Sage Gold's plans to develop the near-term production potential of its Clavos gold deposit in Timmins, Ontario through 2023. Key points include:
1) Sage Gold aims to begin initial production at Clavos in 2013 to generate cash flow, utilizing existing infrastructure from a partnership with St. Andrew Goldfields.
2) A new NI 43-101 resource estimate and preliminary economic assessment is planned for Q4 2012 to advance the project.
3) The deposit remains open along strike and at depth, representing potential to significantly increase resources through further drilling.
4) Strategic partnerships provide low-cost access to mining and milling facilities near the project.
NAP is an investment opportunity in the palladium market. It owns the Lac des Iles mine, one of only two primary palladium mines globally. The mine is undergoing an expansion to increase production and reduce costs per ounce. Palladium fundamentals are strong due to constrained supply and increasing demand from the automotive sector. NAP offers production growth through the mine expansion and exploration upside on its properties.
This document discusses North American Palladium's investment case. It notes that NAP is a growth-oriented precious metals producer with operations in mining-friendly jurisdictions. It has the Lac des Iles palladium mine, one of only two primary palladium mines in the world, and a gold division. NAP has a pipeline of projects to increase palladium and gold production and significant exploration commitments. It also has an experienced management team and a strong balance sheet with no long-term debt.
The document presents an investment case for investing in palladium mining company North American Palladium. It notes that palladium prices are forecast to rise significantly due to strong demand fundamentals and constrained mine supply. Demand is expected to continue growing from the automotive sector, while mine production is concentrated in risky jurisdictions like Russia and South Africa and unable to keep up with demand. North American Palladium offers palladium production growth through mine expansion and has an experienced management team and prudent financial position to support further development.
Monica de greiff eeb (tgi) expansiones de tgi en el sistema nacional de tra...Naturgas
TGI planea expandir su infraestructura de gasoductos en Colombia en más de 500 millones de dólares para satisfacer la creciente demanda. Dos proyectos clave son la ampliación del gasoducto Ballena-Barrancabermeja de 190 Mpcd a 260 Mpcd, y la expansión del gasoducto Cusiana-Vasconia de 210 Mpcd a 390 Mpcd en dos fases. Ambos proyectos se encuentran actualmente en construcción y se espera que aumenten significativamente la capacidad de transporte de TGI para 2010-2011.
Este documento presenta el Reglamento para el Diseño, Construcción, Operación y Abandono de Ductos en Bolivia. Establece diez títulos que cubren principios generales, selección de ruta y diseño, materiales, soldadura, construcción, pruebas, licencias, operación, informes y archivo de información. Las compañías deben cumplir con este reglamento y las normas ASME B31.4 y B31.8 para garantizar la seguridad en el transporte de hidrocarburos a través de ductos en Bol
Los poliductos son redes de tuberías que transportan combustibles como gasolina y diesel entre refinerías y terminales. La red de poliductos de Petrocomercial en Ecuador incluye más de 1300 km de tuberías de diferentes diámetros que transportan hasta 6 millones de galones diarios. El mantenimiento incluye control de vegetación, reparaciones y limpieza para garantizar el funcionamiento continuo.
El documento habla sobre la historia y el uso de oleoductos y gaseoductos para transportar petróleo, gas natural y otros fluidos de manera segura y económica. Explica que los primeros ductos se usaron en la antigua Roma y China para agua, y en el siglo XIX para petróleo. Luego describe cómo funcionan los ductos modernos de diferentes tamaños y materiales, los métodos de inspección y vigilancia, y algunos de los riesgos asociados como explosiones o ataques. Finalmente menciona varios ej
El documento describe los desafíos que enfrenta el transporte marítimo de derivados del petróleo en Ecuador, incluyendo procesos deficientes, falta de tecnología y personal calificado. Esto ha dado lugar a un servicio deficiente que amenaza la sostenibilidad a largo plazo de las empresas. El documento propone implementar un sistema logístico y de transporte marítimo mejorado para brindar un servicio más eficiente y satisfactorio que cumpla con las necesidades de los clientes.
El documento resume la historia del transporte de petróleo y derivados, desde los primeros barriles de madera transportados en ferrocarril hasta la actualidad donde se utilizan grandes tanqueros. Explica los diferentes tipos de buques tanqueros según su capacidad como VLCC, Aframax y Suezmax, y los oleoductos y gasoductos como métodos de transporte. También menciona acuerdos firmados por Venezuela para aumentar su flota petrolera pero que en su mayoría no se han concretado.
Este documento trata sobre el transporte por ductos. Explica que los ductos son sistemas compuestos por estaciones de bombeo, estaciones reductoras, depósitos de almacenamiento y tuberías. Describe los diferentes tipos de estaciones y componentes de un ducto. Además, explica el funcionamiento del transporte por ductos y los objetivos de estudiar este tema.
Avion Gold Inc. is a gold producer in Mali with plans to increase production from 75,000 ounces in 2010 to 200,000 ounces by 2012. The company acquired additional gold assets in 2010 that increased its total resource base to over 3.9 million ounces. Avion is significantly undervalued compared to its peers based on cash flow and net asset value multiples. Management intends to continue growing production and resources through exploration and development of its large land package.
Webcast about the 1st Quarter Results 2011 - IFRSPetrobras
Petrobras reported strong financial results for the 1st quarter of 2011, with record net income. Key highlights included the start-up of pre-salt production in the Campos and Santos Basins, new oil discoveries in the Santos Basin pre-salt area, and the start-up of new gas pipelines and refining units. Oil and gas production increased slightly compared to the prior year due to ramp-ups in existing fields and assets. In the Santos Basin pre-salt area, Petrobras continued development and exploration activities through EWTs, new discoveries, and optimization of drilling times and costs.
Pacific Coal aims to become Colombia's leading independent coal producer by expanding its existing producing assets and securing infrastructure capacity. The company's strategy involves increasing production through 100% ownership of its assets, pursuing vertical integration opportunities including upgraded coke production and asphaltite processing, and marketing its thermal coal and value-added products. Pacific Coal has a strong capital structure as a publicly listed company with no debt, cash reserves, and institutional investor support to fund its capital expenditures through 2012 as it works to increase production and reserves.
Magellan Petroleum is executing a turnaround strategy focused on maximizing the value of its existing oil and gas assets in the US, Australia, and UK. It has more than 10 million barrels of oil equivalent in net proved reserves across multiple projects. A key project is Poplar Dome in Montana, where Magellan has 22,000 net acres and several near-term opportunities exist to increase reserves through additional drilling and a planned CO2 enhanced oil recovery program. An experienced management team leads the turnaround effort to optimize operations and unlock value from Magellan's asset portfolio.
Pacific Coal aims to become Colombia's leading independent coal producer by expanding its existing producing assets and securing infrastructure capacity. The company's strategy involves vertical integration from raw material production to manufacturing, processing, and downstream retail and marketing of coal and coal byproducts. Pacific Coal has over 330 million shares outstanding and $34 million in cash, making it fully funded to execute its capital expenditure plans from 2011 to 2012 totaling $191 million across exploration, development, acquisitions, infrastructure, equipment, and pending projects.
Magellan is executing a turnaround strategy focused on maximizing the value of existing oil and gas assets. The company has more than 10 million barrels of oil equivalent in net proved reserves and several near-term opportunities to significantly increase reserves. Magellan's key assets include over 22,000 net acres in Montana's Poplar Dome area, which is prospective for the Bakken formation, and stable natural gas assets in Australia. The company also has longer-term shale exploration prospects in the UK.
- InterOil has discovered large natural gas resources in Papua New Guinea, including the Elk and Antelope fields estimated to contain up to 11.1 trillion cubic feet of gas.
- InterOil plans to develop a liquefied natural gas facility to export gas from these fields, with first exports projected for 2015.
- Recent wells drilled by InterOil have exceeded expectations by confirming a large reef structure and high well productivity across the fields.
This document summarizes Pacific Coal's strategy to become Colombia's leading independent coal producer through vertical integration and development of existing assets. Pacific Coal aims to increase production, reserves, and efficiencies at its La Caypa, Cerro Largo, and La Tigra mines. It also has interests in a coal washing plant and plans to develop pyrolysis and coking facilities to further process coal. Pacific Coal is fully funded to expand through 2011-2012 with over $200 million budgeted for exploration, development, acquisitions, infrastructure, and equipment. The company believes this strategy will leverage rising interest in Colombian coal and provide commercial flexibility.
Pacific Coal aims to become Colombia's leading independent coal producer through expanding its existing thermal coal assets and acquiring new ones. The company's portfolio includes the La Caypa and Cerro Largo thermal coal mines as well as the CI Jam coke production operation. La Caypa is projected to increase production to 1.3 million tonnes in 2012 through open pit expansion and underground development is planned for 2013. Cerro Largo production is expected to rise to 700,000 tonnes in 2012 with improved strip ratios from a new mine plan. The company pursues vertical integration across the coal value chain from raw material production to marketing of coal and coal products.
This document discusses Pacific Coal's strategy to become Colombia's leading independent coal producer through vertical integration and developing its portfolio of high-quality coal assets. Pacific Coal aims to increase production from its existing La Caypa and Cerro Largo thermal coal mines. It also controls the CI Jam coke mine and is pursuing opportunities for midstream processing and downstream marketing. Pacific Coal expects to produce over 3 million tonnes of thermal coal annually by 2015 through organic growth from its current assets and potential acquisitions.
Dgc 13 02_24-27_bmo metals and mining conferenceDetourGold
Detour Gold Corporation is Canada's next intermediate gold producer. It owns the Detour Lake mine in Ontario, Canada, which began commercial gold production in February 2013. Detour Gold's objectives for 2013 include commissioning a second production line at Detour Lake, securing a $90 million credit facility, achieving commercial production, and producing over 350,000 ounces of gold. It also plans to complete a pre-feasibility study on the Block A expansion at Detour Lake and advance evaluation of mine expansion scenarios. Detour Gold is focused on responsible mining practices and supporting local communities.
Refining, transportation & marketing (rtc), and petrochemicals Petrobras
This document discusses Petrobras' business model and production growth plans. Petrobras operates as an integrated oil company focused on exploration and production in Brazil's deep and ultra-deep waters. It has a dominant position in Brazil's downstream refining and petrochemicals markets. Petrobras plans to more than double oil production from 3 million barrels per day in 2011 to over 6.4 million barrels per day by 2020 through developing large pre-salt oil reserves and projects transferred from the Brazilian government. By 2020, pre-salt production is expected to represent over 40% of Petrobras' total production.
Third Quater 10 November 2011 Conferance CallLake Shore Gold
1) Lake Shore Gold produced 18,833 ounces of gold in Q3 and is on track to meet its 2011 target of 85,000 ounces.
2) Cost performance was strong in Q3 with cash costs of $94 per tonne or $884 per ounce.
3) The company continues to advance five deposits that could each contain over one million ounces of gold: Timmins, Thunder Creek, Bell Creek, Thorne, and Fenn-Gib.
4) Lake Shore Gold expects to significantly grow its resource base by the end of 2011 with initial resource estimates from Thunder Creek and Fenn-Gib.
1) Lake Shore Gold produced 18,833 ounces of gold in Q3 and is on track to meet its 2011 target of 85,000 ounces.
2) Cost performance was strong in Q3 with cash costs of $94 per tonne or $884 per ounce.
3) The company continues to advance five deposits that could each contain over one million ounces of gold: Timmins, Thunder Creek, Bell Creek, Thorne, and Fenn-Gib.
4) Lake Shore Gold expects to significantly grow its resource base by the end of 2011 with initial resource estimates from Thunder Creek and Fenn-Gib.
Bolivar energycorp 2.2 (approved by pre for arrendajo)bolivarenergy
Bolivar Energy Corp. is a start-up oil and gas exploration company focused on Colombia. It has a 35% interest in the LLA-24 block in Colombia's Llanos Basin and a recently acquired 32.5% interest in the Arrendajo block. Bolivar plans to drill exploration wells on both blocks in 2012 to test multiple hydrocarbon zones. The company recently raised $21 million Canadian to fund planned seismic work and drilling. Bolivar believes Colombia represents an attractive exploration opportunity with favorable fiscal terms and significant untapped hydrocarbon potential.
This presentation provides an overview of Iberian Minerals Corporation and its key assets. Iberian Minerals is a base metals producer with copper, lead, and zinc operations in Peru and Spain. It aims to grow through acquisitions to become a major multi-mine company. The presentation highlights its two main mines, Condestable in Peru and Aguas Tenidas in Spain, discussing their reserves, production levels, and recent developments. Financially, Iberian Minerals had net income of $47.8 million in 2008 and secured project financing for its Aguas Tenidas expansion.
This document summarizes information about the Turnagain Nickel Project in northwest British Columbia. Key points include:
- The project features a large nickel deposit containing over 2 million tonnes of 18% nickel concentrate over a 27-year mine life.
- Preliminary economic analysis shows the project has positive economics, with an after-tax NPV of $0.72 billion and IRR of 13.5% using a base nickel price of $8.50 per pound.
- The project has received permits and has access to infrastructure like roads, power, and a port, making it low-risk to advance to production.
This document summarizes a presentation by Bolivar Energy Corp., a Canadian oil and gas exploration company focused on Colombia. The company has a 17.5% interest in the LLA-24 exploration block in the Llanos Basin, where it has acquired 3D seismic data and plans to drill an exploration well in Q1 2011. It also has a pending 32.5% interest in the Arrendajo block, where 3D seismic has been shot and a well is planned for 2011. The company aims to grow production to 5,000 barrels of oil per day and sees significant upside potential from its portfolio and partnerships.
Lake Shore Gold provided an operational and financial update for Q4 and full year 2011. Key highlights included doubling gold production to 86,565 ounces and doubling resources for a second consecutive year. The company is focused on ramping up mining and milling capacity to 3,000 tonnes per day by late 2012 through development work at Timmins West Mine and Bell Creek. Guidance for 2012 is 85,000 to 100,000 ounces of gold production.
Antero Resources is an E&P company focused on developing natural gas and liquids resources in the Marcellus and Utica Shales of the Appalachian Basin. As of June 30, 2013, Antero had over 6 trillion cubic feet equivalent of proved reserves and over 27 trillion cubic feet equivalent of probable and possible reserves. Antero has a large inventory of potential drilling locations and a track record of production and reserve growth. Analysis shows that Antero has among the lowest finding and development costs in the industry, demonstrating capital efficiency. Antero also has a significant long-term hedge position that is expected to generate substantial hedge gains through 2019.
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Investor Presentation 2012
1. PMD - TSXV
Staying The Course
JANUARY 2012
INVESTOR PRESENTATION
2. Forward-looking statement
All monetary amounts in U.S. dollars unless otherwise stated.
This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian securities laws
concerning the business, operations and financial performance and condition of PetroMagdalena Energy Corp. Forward-looking statements
and forward-looking information include, but are not limited to, statements with respect to estimated production and reserve life of the various
oil and gas projects of PetroMagdalena Energy; synergies and financial impact of completed acquisitions; the benefits of the acquisitions and
the development potential of the properties of PetroMagdalena Energy; the future price of oil and natural gas; the estimation of oil and gas
reserves; the realization of oil and gas reserve estimates; the timing and amount of estimated future production; costs of production; success of
exploration activities; ANH/ Ecopetrol approval of transfer of title and operatorship of joint ventures; and currency exchange rate fluctuations.
Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking
statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,”
“anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking
statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of
assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially
from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the
control of PetroMagdalena Energy and there is no assurance they will prove to be correct. Factors that could cause actual results to vary
materially from results anticipated by such forward-looking statements include changes in market conditions, risks relating to international
operations, fluctuating oil and gas prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns
or unanticipated costs and expenses, labour disputes and other risks of the oil and gas industry, failure of plant, equipment or processes to
operate as anticipated, acquisitions not being integrated successfully or such integration proving more difficult, time consuming or costly than
expected as well as those risk factors discussed or referred to in PetroMagdalena Energy’s public filings with the securities regulatory authorities
in the provinces of Canada and available at www.sedar.com. Although PetroMagdalena Energy has attempted to identify important factors
that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. PetroMagdalena Energy undertakes no obligation to update forward-looking statements if circumstances or management’s
estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on
forward-looking statements. Statements concerning oil and gas reserve estimates may also be deemed to constitute forward-looking
statements to the extent they involve estimates of the oil and gas that will be encountered if the property is developed. Comparative market
information is as of a date prior to the date of this presentation.
Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The management estimates of
resources presented herein are arithmetic sums of multiple estimates of remaining recoverable resources (unrisked), which statistical principles
indicate may be misleading as to volumes that may actually be recovered. Readers should give attention to the estimates of individual classes
of resources and appreciate the differing probabilities of recovery associated with each class. Estimates of remaining recoverable resources
(unrisked) include prospective resources that have not been adjusted for risk based on the chance of discovery or the chance of development
and contingent resources that have not been adjusted for risk based on the chance of development. It is not an estimate of volumes that may
be recovered. Actual recovery is likely to be less and may be substantially less or zero.
Although PetroMagdalena has closed the acquisitions of its working interests in Carbonera, Catguas, Rio Magdalena, Arrendajo, Yamu,
Topoyaco, and Mecaya, it is currently in the process of completing the required approvals from ANH/ Ecopetrol, as applicable, for the formal
transfer of title and or operatorship.
2
3. Focus on Value Creation
1. Focus on organic cash flow opportunities in our portfolio
2. Enhance netbacks, reduce costs, increase efficiency
3. Exploration success at Cubiro in 2011 now leading to
increased development activity in 2012 in the Llanos Basin
4. Maximizing value from assets in our portfolio – leverage
relationships with strong partners
IMPROVING HIGH
EXPERIENCED POTENTIAL DRIVING
OPERATING
LEADERSHIP EXPLORATION VALUE
CASH FLOW ASSETS
Goal is to increase production and reserves 3
3
4. Diversified portfolio
MAGDALENA Basin
•Las Quinchas CATATUMBO Basin
•Rio Magdalena •Santa Cruz (1)
•Carbonera-La Silla(1)
•Carbonera
•Catguas
RED blocks: LLANOS Basin
2010 ANH E&P •Cubiro(2)
blocks •Arrendajo
•La Punta
•Yamu
Agreements subject to ANH or
Ecopetrol approval
PUTUMAYO Basin
(1) Operated by Mompos Oil and
Gas, a wholly owned subsidiary. •Topoyaco
(2) Operated by Alange Energy
•Mecaya
Corp. a wholly owned subsidiary.
4
5. Achievements Q1 through Q3 2011
Achieved Ongoing
Reduced G&A per boe by 54% Q3 2011 vs 2010
average
Increased Operating Netback by 49% 2011 YTD
(9 months) from FY2010 average
Increased reserves at Cubiro by 86% *
Drilling program at Cubiro O
Exploration at Cubiro O
Spud Yaraqui-1X at Topoyaco – D, August 31, 2011
Farm-out 30% of Santa Cruz
Spud Santa Cruz-1 on November 20, 2011
Farm-out Carbonera and Catguas to YPF **
Sale and/or farm-out of other assets (Cerrito, Dec ‘11) O
* Petrotech report on Cubiro block, September 30, 2011
** Subject to ANH approval
5
6. 86% increase in 2P reserves at Cubiro
Technical Report dated September 30, 2011:
• Updated 2P reserves at Cubiro to 10.8 mmbls – an increase of 5.0 mmbls,
or 86%, compared to December 2010 report
• Updated 1P reserves at Cubiro to a total of 3.0 mmbls, or 73% increase
compared to December 2010 report
• Oil discoveries at Cubiro demonstrate exploration potential
• Production growth funds ongoing work plan for Cubiro
Cubiro L & M Oil Reserves (Mbbls)
100% Gross Net
Proved Developed
1,981 1,216 1,119
Producing
Proved Undeveloped 2,776 1,734 1,595
Total Proved 4,757 2,950 2,714
Probable 13,076 7,873 7,243
Total 2P 17,833 10,823 9,957
6
Source: Petrotech Engineering Ltd. report on Cubiro block, September 30, 2011
7. Cubiro 2P Reserves Changes in 2011
September 30, 2011
12,000
10,823
10,000 1,831
1,233
8,000
Mbbls
2,079
6,000 5,831
1,123
972
4,000
2,570
2,000
0
Dec 2009 Dec 2010 2011 Cubiro Purchase Petirrojo Copa B Copa A Sur
Reserve Reserve Production 32% of Discovery Discovery Discovery
Report Report & Technical Cubiro 'C'
Revisions
Source: Petrotech Technical reports: September 30, 2011, December 31, 2010 and 2009 7
8. Daily Average Production 2010-2011
PetroMagdalena’s Gross Working Interest
4500
Copa A Sur-1
4000
3500 Copa B-1
3000
Petirrojo Field
2500
boed
2000 Yamu
1500 32.13% Cubiro Block C
1000 acquired
Arauco5/ Careto 13H
500
0 2010 base wells
Year Q1 Q2 Q3 Q4 Dec
2010 2011 2011 2011 2011 2011 *
* Daily average for month of December 2011
* Petirrojo 2 & 3 put on production in December. 8
9. Strengthening operating cash flow
• Re-capitalized balance sheet in February 2011 through equity financing
• Reduced debt by $31 million to $10 million, freeing up $1.0 million
per month of operating cash flow to fund capital investments in core
assets; working capital deficit reduced by $44 million since
December 31, 2010
• Enhancing operating netback from Cubiro production
• New oil marketing contract in conjunction with Pacific Rubiales
• Implementing initiatives to reduce opex
• Cost reductions generating positive trend in G&A per barrel produced
$60.00 $35.00
G &A per barrel
$50.00 $30.00
Netback per
$25.00
$40.00
$20.00
barrel
$30.00
$15.00
$20.00
$10.00
$10.00 $5.00
$- $-
Q2 - 2010 Q3 - 2010 Q4 - 2010 Q1 - 2011 Q2- 2011 Q3 - 2011
Operating Netback per barrel G&A per barrel
9
10. Enhancing Cubiro’s netback
• New 3-year conventional oil marketing agreement signed with
Pacific Rubiales effective February 1, 2011
• Three potential delivery points to Colombian pipeline infrastructure
Illustrative summary of potential netbacks from crude oil sales
from Cubiro production (1) (US$ per barrel)
Rubiales / Guaduas / Araguaney /
Delivery Point / Reference Price
WTI Vasconia Vasconia (2)
WTI (Nymex : January 12, 2012) $99.10 $99.10 $99.10
Benchmark Quality Adjustment +8.00 +7.35 (3) +7.35 (3)
Royalties (7.00) (7.00) (7.00)
Net Revenue $100.10 $99.45 $99.45
Production costs (Q3 - 2011) 14.50 14.50 14.50
Transportation & pipeline 16.50 22.50 10.00
Operating Netback $69.10 $62.45 $74.95
(1) Management estimates, as of November 2011, for Netback per Barrel sold.
(2) Agreement in place – delivery volumes only on availability
(3) Vasconia as of January 12, 2016 priced at WTI + $7.35/bbl 10
11. 2011 Work Program
Estimated 2011 capital investment: $41 million(1)
Property Work Program 2011(1) Approximate timing
Exploration Plan
Cubiro • 4 wells(2 Block B, 2 Block C) • 3 drilled, 3 discoveries
(Yopo-1X discovery well) • Yopo well, Q4-2011
Arrendajo • 1 well (Azor -1X discovery well) • Azor-1X, TD on Jan 5th 2012
La Punta • 1 well (LP-4 dry) • LP-4 drilled, Q2-2011
Topoyaco • 1 well (Yaraqui-1X . . • Yaraqui-1X, Q4-2011
. non commercial)
Santa Cruz • 1 well • Spud Nov. 20th, 2011 - drilling
Development Plan
Cubiro • 4 wells + 1 WO + facilities, • 2 wells completed in Q1-2011
including storage • Petirrojo-3 dev well in Q4-2011
• Petirrojo-2 dev well in Q4-2011
• 1 WO in Q4-2011
(1) Management estimate, subject to change
11
12. 2012 Work Program Overview
2012 Work Program Overview
• Capital expenditure program estimated at $50 to $60 million, excluding
commitments funded by farm-ins (Carbonera, Catguas).
• 65% to be directed to light oil exploration and development in Cubiro and
Arrendajo.
• 6 Llanos exploration wells planned, 4 in Q1, 1 in Q2, and 1 Q4.
• 10 Llanos development wells planned, 1 in Q1, 3 in each subsequent.
• 2012 Llanos exploration program:
Management estimate of light oil recoverable prospective resources,
company’s working interest share would be close to doubling 2P Llanos
reserves Un-Risked or approximately + 40% Risked
• Capital intended to be funded from cash and internally generated cash flow.
• No near term financing expected to be required to fund 2012 work plan.
• Cash flow estimate for 2012 includes no production volumes for any of the
exploration wells currently being drilled or to be drilled in 2012.
12
13. 2012 Work Program
Estimated 2012 capital investment: $50 million - $60 million (1)
Property Work Program 2012(1) Approximate timing - 2012
Exploration Drilling
• 4 wells in Area ‘B’
Cubiro • 1 well in Area ‘C’ • 4 in Q1, 1 Q2, 1 Q4
• 1 contingent wells ( Area ‘C’)
Arrendajo • 1 well (Arrendajo Norte-1X) • 1 well in Q1-2012
Carbonera • 1 well • 1 well in TD in Q2-2012
Development Drilling
• 7 wells • 1 well spud in Q1-2012
Cubiro
• 3 contingent wells • 3 wells each subsequent qtr.
(1) Management Estimate, subject to change
13
14. Annual Cash Flow (1)
2011E 2012E
Average daily production for the year (gross before 4,300-4,700
2,800 boed
royalties)(4) boed
Cash flow from operating netbacks (2) $58M $82M
Less: G&A $15M $16M
Less: Debt service (principal & interest) (3) $18M $20M
Less: Equity tax instalments $2M $ 2M
Net cash flow from operations $23M $44M
Cash position, beginning of year $6M $15M
Cash available from equity financing for work
$35M -
program
Other sources/ (uses), including working capital
$(8M) $ 7M
changes and cash from asset dispositions (4)
Total cash available to fund annual work program $56M $66M
Annual work program expenditures (4) $41M $50-$60M
(1) Management estimate, 2012E calculated with an $80/bbl WTI pricing.
(2) Represents estimated revenues less royalties, production and transportation/pipeline costs based upon average daily
production of 2,800 boed for 2011E and 4,500 boed (mid-point of management guidance range)for 2012E.
(3) Includes interest of $3M and funds being set aside from cash flow for principal repayments of senior notes in May 2012 and
May 2013. The 2012E amount is net of $4M in a trust account as of December 2011 to be used toward the first annual principal
repayment in May 2012 of the senior notes (TSX-V: PMD.DB).
14
(4) Management estimate; subject to change.
15. Llanos Basin – Cubiro
Operator: Alange Energy Corp. (1)
WI: A:60.5% B:70% C:57.13%
Contract: ANH
Product: L/M Oil
Area: 61,295 acres
2P Reserves: 10.8 MMbbl (2)
Production: 2010 A (Year Avg): 1,905 bopd
2011 A (Year Avg): 2,138 bopd
About Cubiro
• Most prolific hydrocarbon basin in Colombia
• Currently producing from 21 wells in the Careto,
Arauco, Barranquerro, Petirrojo, Yopo and Copa fields
• 86% increase in 2P reserves (Sept 2011 vs Dec 2010) (2)
• 2011 Exploration program with four discoveries:
Petirrojo, Copa B, Copa AS and Yopo.
• Sept 30th 2011 update from three discoveries with 5.1
MMbbl of recoverable reserves (2P) (2)
(1) A wholly owned subsidiary of PetroMagdalena
(2) Petrotech Report dated Sept. 30, 2011, PetroMagdalena share, gross before royalties
15
16. Llanos Basin - Cubiro
Highlights
Field
Prospect • Operated by PetroMagdalena
Palmarito
C7
• All production is subject to the sliding
40 °API scale royalty rates of ANH and a 3%
overriding royalty on total production
from the Block.
Careto
Turpial
Q1 -2012 Yopo, Q4-2011
Arauco
Barranquero
Sirenas • The Cubiro Block has been under an
C5
Petirrojo
37 °API Exploration and Production (E&P)
Petirrojo Sur Contract with ANH since October 8,
2004, exploration phases followed by a
Q2 - 2012
Cernicalo
Q1-2012
Canario Sirenas 25 year production period.
Sur
Guanapalo Copa • Currently, there are eight producing oil
C7
30 °API
Tijereto Sur Copa A Norte fields: Careto, Arauco, Barranquero,
Q1-2012 Q4-2012 Petirrojo, Yopo, Copa, Copa B and
Copa A Sur
Copa A Sur.
Copa B
Jordán
C7 Altair Copa C, Q1-2012 Caño Gandul
• Currently producing from Carbonera C-
29 °API C7 C5-C7
38 °API
5, C-7 and Gacheta formations.
• Four new fields discovered at Petirrojo,
Copa B, Copa A Sur and Yopo in 2011.
Polygon A : Polygon B : Polygon C :
Development Area Exploration Area Exploration Area
60.5% W.I. 70% W.I. 57.13% W.I.
16
17. Petirrojo Field, Petirrojo South & Yopo Prospects
Carbonera C7
TWT Seismic Map
• Yopo discovery well spud on December
11th, 2011, and drilled to a final depth of
6,790 feet (MD). The well initially tested at
a stabilized rate of 970 bopd with 4.7%
BS&W for 6.5 hours at an average
wellhead pressure of 385 psi.
Yopo Field
• Petirrojo-1 encountered 32 ft of net pay
with porosities averaging 29%.
• Petirrojo-2 encountered 31 ft of net pay
with porosities averaging 29%.
• Petirrojo-3ST encountered 29 ft of net pay
with porosities averaging 29%.
• Petirrojo South will be drilled when civil
work has been completed, Q2-2012 Petirrojo Field
CURRENT TECHNICAL REPORT (1)
2P RESERVES Petirrojo-1
(Mbbls)
Petirrojo 2,036
(1) Company share, Sept 30, 2011 technical report
Petirrojo South Prospect
1 Km
17
18. Copa B Field, Copa A Sur & Copa AN Prospects
Carbonera C7
• Copa B-1 exploration well encountered 41 ft TWT Seismic Map
of net pay. Daily average production during
October has averaged 765 bopd
(Company share 437 bopd). ESP stopped Copa AN Prospect
working October 20th; the well went back
on production Nov 9th .
• Copa A Sur-1 exploration well successfully
drilled with Initial 4-day test rate of 1,114
bopd (Company share, 636 bopd) of 38.4° Copa ASur Field
API light oil on natural flow.
• Copa A Sur-1 went on production Nov 6th .
• The Copa C structure to the south of Copa Copa ASur-1
B will be drilled in Q1-2012
CURRENT TECHNICAL REPORT (1)
Copa B Field
2P Reserves
(Mbbls)
Copa B 1,230
Copa B -1
1 Km
Copa A Sur 1,831
(1) Company share, September 30, 2011 technical report 18
19. Cubiro ‘C’ Area – Copa Upside
Carbonera C7 TWT Seismic Map
Copa Field
Copa A Norte 2P RESERVES Sept 30, 2011 Technical Report
(Mbbls) 100% Gross Net
Copa A Sur
Copa Field 3,008 1,718 1,582
Copa A Sur 3,205 1,831 1,684
Copa B 2,153 1,230 1,142
Copa B
8,366 4,779 4,408
Copa C
Producing
Exploration 2012
Copa D
Development
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20. Yaguazo
Llanos Basin – Arrendajo
Mirla Negra
ARRENDAJO Azor
Mirla
Q4-2011 Highlights
Mirla
Oeste
Blanca
Arrendajo Norte • Arrendajo is 7 km NE of the Cubiro block
Q1-2012
• Operated by Pacific Rubiales Energy
• 120 km2 of 3D survey completed in April 2011,
interpretation shows 6 light oil prospects on
trend with producing oil fields
• Azor discovery in Jan. 2012 will be followed by
the Arrendajo Norte-1X in Q1 2012.
Arrendajo Sur
• Five exploration prospects in the Carbonera
CUBIRO formation have been identified: Yaguazo,
Arrendajo Norte, Arrendajo Sur, Mirla Blanca,
and Mirla Oeste
• PetroMagdalena acquiring 32.5% working
interest in December, 2011, from Pacific
Rubiales, subject to ANH approval, for $10
Operator: Pacific Stratus Energy Colombia (1) million to be paid out of production.
WI: 67.5%
Contract: subject to ANH approval
Product: Light Oil
Area: 78,102 acres
Resources: 8,259 Mbbl (2)
Stage: Exploration
(1) A wholly owned subsidiary of Pacific Rubiales Energy.
(2) Petrotech Engineering report April 2010, adjusted for the 32.5% interest being acquired from Pacific Rubiales.
20
21. Arrendajo Block Azor discovery - Upside
Carbonera C7 TWT Seismic Map
• Azor discovery well spud on December
24th, 2011, and drilled to a final depth
of 7,225 feet (MD). The well initially
tested 752 bopd with a 1% BS&W over
an initial 8 hour period of natural flow.
Yaguazo
• Arrendajo-1X will be drilled after testing
Producing and completion is completed on Azor,
Exploration 2012 civil work has been completed.
Exploration 2013
Development
Mirla Negra
• 3D seismic evaluation identified four
new prospects on the Azor trend.
Azor
• Mirla Negra-1X was drilled in 2008 and
tested oil in the C5 but was not
declared commercial
Arrendajo
Norte
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22. Putumayo Basin
About Putumayo
• Putumayo Basin is located in southwest Colombia
• High potential exploration targets
Highlights
• Partnered with experienced operators.
• PetroMagdalena has a beneficial 43% working
interest in the Mecaya Block, subject to ANH
approval, with no overrriding royalty and will pay 85%
of the cost of the first 3D and well.
• PetroMagdalena Energy has a 50% working interest in
the Topoyaco Block, subject to the ANH approval,
with a 6% overriding royalty to Trayectoria. In
Topoyaco & Mecaya addition, there is a 3.5% profit interest payable to
Contracts: ANH Grant Geophysical for the seismic work.
Operator:
Topoyaco – Pacific Rubiales
WI: 50%, subject to ANH approval
Mecaya – Gran Tierra
WI: 42%, subject to ANH approval
Product: L/M oil exploration potential
Production: Nil
22
23. Catatumbo Basin
VENEZUELA About Catatumbo
• Catatumbo Basin is located in northwest
Catguas Block Colombia and is the western extension of
the very prolific Maracaibo basin in
Carbonera La Silla
Venezuela
• High potential exploration targets
Highlights
• Partnered with experienced operators.
Santacruz Block
• PetroMagdalena has a beneficial 100%
Carbonera Block
working interest in the Carbonera Block,
subject to ANH approval.
• PetroMagdalena has a 70% working
Catguas, Santa Cruz and Carbonera interest in the Santa Cruz Block, and is
Contracts: ANH drilling the Santa Cruz-1X well.
Operator: • PetroMagdalena has a 58% working
Catguas – Solana (1) interest in the Carbonera La Silla Block,
WI: 50% N, 15% S, subject to ANH approval an Ecopetrol association contract.
Santa Cruz – Mompos Oil and Gas (2) • PetroMagdalena has a beneficial 50%
WI: 70% working interest in the northern area of
Carbonera – Well Logging Catguas and a beneficial 15% working
WI: 100%, subject to ANH approval interest in the southern area. Gran Tierra is
Product: L/M oil exploration potential the operator.
Production: Nil
(1) Wholly owned Subsidiary of Gran Tierra Energy 23
(2) Wholly owned subsidiary of PetroMagdalena.
24. Maximize Value From Catatumbo Assets
Actions Taken
Farm Out Agreement for Santa Cruz:
• Retain Operatorship
• Retain 70% Working Interest
• Pay 40% of first well in Q4 – 2011, 55% of second well, 70% thereafter
Farm Out Agreement for Carbonera(1):
• YPF becomes Operator, bring extensive gas experience
• Retain 40% Working Interest
• Carried through US$23 million work program
Farm Out Agreement for Catguas:
• YPF will lead exploration program
• Retain working interests of 15% in North area and 4.5% in South area
• Carried through 2012 work program
(1) Farm Out Agreement for Carbonera in process and subject to ANH approval
24
25. Catatumbo Basin – Santa Cruz-1
Santa Cruz – 2, TD Q1 - 2013
Total of
• Santa Cruz-1 is being drilled, and
3480 acres C: 700 spud on Nov. 20th, 2011, in the A
acres Block which has an area of 750
acres with a primary target (Mirador)
thickness of over 300 ft of high
A: 750 porosity & permeability SS reservoir.
acres F: 420
acres • The Santa Cruz Block has several
faulted structures assigned
prospective resources based on the
B: 800 E: 580 3D seismic interpretations and
acres acres information from the offset Rio Zulia
field
D: 230
acres • A contingent exploration location
has been identified in the C Block to
Santa Cruz – 1, TD Q1 - 2012 the north of the Santa Cruz-1X well.
Operator: Mompos Oil and Gas (1)
WI: 70%
25
26. Capitalization
Cash position (December 31st , 2011): $15.0 million
Debt (December 31st , 2011):
Factoring Loan (maturing Oct 2012) $5.1 million
Bank term loans (maturing May/ Aug 2013) $6.6 million
9% Senior Notes ( $10.4MM maturing May 2014) CA$31.1 million
Share price (January 16, 2011): CA$1.08
Shares outstanding: 142.3 million
Options outstanding ($2.17 average) 13.5 million
Warrants outstanding ($3.50) 19.0 million
Fully diluted: 174.8 million
Market capitalization - undiluted (January 16, 2011): CA$153.7 million
26
27. Leadership team
Management Directors
Luciano Biondi Jaime Perez Branger
Chief Executive Officer Executive Chairman
Gregg K. Vernon, P.Eng Miguel de la Campa
Chief Operating Officer
Serafino Iacono
Michael Davies, C.A.
Chief Financial Officer Ian Mann
Francisco Bustillos, M.Sc. Robert Metcalfe
Colombian Finance &
Administration Manager Luis Miguel Morelli
Jesus Aboud
Exploration Manager
Peter Volk, LL.B.
General Counsel & Secretary
27
29. Assets in the most prolific basins
(1) (3)
Area Operator Gross Acres WI Contract Stage Product Status
Llanos Basin
Cubiro PMD 61,295 60.5-70-57.13% ANH E&P Light Oil Core Asset
Arrendajo Pacific Stratus 78,102 67.5% ANH Exploration Light Oil Near Cubiro*
La Punta Vetra 19,313 Up to 6% ECP E&P Light Oil Under review
Yamu WOGSA 18,194 10% ANH Prod & Exp Light Oil Producing
Catatumbo Basin
Carbonera Well Logging 63,727 100% ANH E&P Oil & Gas Farm-Out
15% / 50%
Catguas Gran Tierra 330,355 (2) ANH Exploration Oil & Gas Farm-Out
S N
Santa Cruz Mompos 40,058 70% ANH Exploration Light Oil Exploration
Carbonera – La 3D seismic work plan
Mompos 12,558 58% ECP E&P Light Oil
Silla in place
Magdalena Basin
Las Quinchas Pacific Stratus 124,493 24.5% ECP E&P H Oil To Be Sold
Gas/Cond/
Rio Magdalena Gran Tierra 36,156 56% ECP E&P JV or Farm-Out
Oil
Putumayo Basin
Topoyaco Trayectoria 60,035 50% ANH Exploration L/M Oil Under Review
Mecaya Gran Tierra 74,128 43% ANH Exploration L/M Oil 3D seismic planned
(1) See Slide 2. (2) After Farm Out WI retained is 4.5% S/15% N. (3) Subject to ANH /ECOPETROL approvals.
* Working interest reflects acquisition of PRE’s 32%, subject to ANH approval. Yellow background = Core portfolio assets 29
30. 2012 Exploration Program
Exploration overview 2012
• 6 exploration wells planned for Cubiro
• 1 exploration well for Arrendajo
• 1 exploration well for Carbonera
2012
Well name
Quarter
Cubiro Block
Cernicalo-2 1
Tijereto Sur-1X 1
Copa C-1X 1
Turpial-1X 1
Petirrojo Sur-1X 2
Copa A Norte-1X 4
Arrendajo Block
Arrendajo Norte-1X 1
Carbonera Block
San Roque-1X 1
Santa Cruz Block
Santa Cruz-2X 4
30
31. 2010 ANH Bid Round
Six E&P Assets
• Agreement for funding the
exploration commitment,
resulting in PetroMagdalena
holding a 10% Working Interest.
VMM 35
VMM 11 LLA 41
COR 33
VSM 12
VSM 13
MIDDLE MAGDALENA VALLEY BASIN
CORDILLERA BASIN
UPPER MAGDALENA VALLEY BASIN
LLANOS BASIN
31