Petrodorado Corporate Presentation Sep'11
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Petrodorado Corporate Presentation Sep'11

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Corporate Presenation of Petrodorado Energy Ltd, updated September 2011

Corporate Presenation of Petrodorado Energy Ltd, updated September 2011

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Petrodorado Corporate Presentation Sep'11 Petrodorado Corporate Presentation Sep'11 Presentation Transcript

  • Corporate Presentation
    September 2011
  • Disclaimer: Forward Looking Statements
    This Presentation (the “Presentation”) includes forward looking statements relating to, among other things, (a) the future financial performance and objectives of Petrodorado Ltd. (the “Corporation”) and (b) plans and expectations for the operation of the Corporation. These forward-looking statements are typically, but not always, identified by terminology such as “may,” “will,” “should,” “expect,” “anticipates,” “plans,” “intends,” “believes,” “estimates,” “projects,” “predicts,” “seeks,” “potential,” “continue” or other similar terminology. Forward-looking statements are inherently unreliable, and prospective investors should not rely on them. The forward-looking statements are based on the Corporation’s current expectations, assumptions, estimates and projections about future events. Actual results are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in a forward-looking statement as a result of numerous risk factors. The Corporation has no obligation to update or otherwise revise any forward looking statements after the date of this Presentation or to reflect the occurrence of unanticipated events.
    Estimates of unrisked prospective resources pursuant to different sources including internal management evaluation. There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
    Operational Plans are subject to obtaining local permits and other customary regulatory approvals.
  • Table of Contents
    Corporate Summary
    Assets Summary
    Los Llanos: CPO 5
    Upper Magdalena : Talora & Buganviles
    Caguan-Putumayo : Tacacho
    Peru 135 & 138
    Paraguay Pirity
    Differentiating Factors & Summary
  • Corporate Summary
    Experienced, highly skilled with quality prospective Assets in the Right Place
    Direct operating experience and exploration success in South America (>200 years)
    Focused on Colombia (6 Blocks), Paraguay (1 block) and Peru (2 blocks).
    47% average working interest, operator in two blocks in Colombia and one block in Paraguay
    Large Inventory of Exploration Prospects and Leads (> 70)
    Capital Structure
    Basic shares: 483 million
    Warrants (@35 cents, expire Dec’12): 181 million (callable if stock price>90cents for 20days)
    Options (@49cents, 73cents, 35 cents) : 30 million
    Fully diluted 694 million (Mgmt & Board 15%)
    Balance Sheet (in US$) @Sep 1st, 2011
    Cash on Hand $55 million
    2011 Budget left $21 million
    G&A and overhead - left $ 1 million
    (Fully funded 2011 and 2012 capex)$33 million
    And potentially
    Warrant Exercise Proceeds
    • US$63Million*
    * 100% warrants exercised
    *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
  • Why Colombia, Peru and Paraguay?
    Proven hydrocarbon systems in multiple basins with established production and potential for world-class discoveries
    Low government take and low cost oil (royalties and lifting costs)
    • Colombia
    • Sliding scale royalties of 8% for under 5,000 boepd to 25% for over 600,000 boepd
    • Corporate tax rate of 33%
    • Drilling success rate of >50% in 2009
    • Paraguay
    • Sliding scale royalties of 10% to 14%
    • Corporate tax rate of 10%
    • Government commitment for first 28,000 bopd of production at the wellhead
    • Peru
    • Sliding scale royalties of 5% to 15%
    • Corporate tax rate of 30%
    Source: ANH (AgenciaNacional de Hidrocarburos)
  • Asset Summary and Operations Plan
    Company Maker Blocks
    Company Maker Blocks
    *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources
    Operational Plans are subject to obtaining local permits and other customary regulatory approvals.
    .
  • Colombia: Basins PDQ Assets
    *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
  • Los Llanos Basin: CPO 5 Block
    Petrominerales: Guatiquia Block
    Candelilla Structure: prolific producer
    • Recent Yatay-1 Discovery 10,440 bopd
    Recent Prolific Discoveries
    40MMBOIP
    16 – 43 API
    Corcel
    Guatiquia
    Recent Discovery
    Apiay
    610 MMBOIP
    25-30 API
    Caracara
    100 MMBOIP
    14-25 API
    CPO-5
    Castilla
    2.2 BBOIP
    14-16 API
    Rubiales
    942 MMBOIP
    14 API
    Valdivia-Almagro
    12 MMBO / 23 API
    Camoa
    5.5 MMBOIP
    14 API
  • 9
    CPO-5: Multiple Prospects/Leads “Corcel” Type & others
    Jilguero Sur-1
    Recent discovery
    Corcel
    Candelilla
    CPO5_NE (extension of SE)
    • Leads: Northeast Extension of SE structures
    NW-2B
    Yatay-1
    NW-3
    Guadalupe
    Prospects
    Metica-1
    NW-2A
    NW-1
    NE-2
    NE-1
    CPO5_NW (New 2D + Old 2D)
    • Prospects: fault closures
    Mirador
    Prospects
    NW-4
    NW-5
    Channel Stratigraphic
    Prospect
    NW-Prospects
    Mirador & Guadalupe
    4W-1
    Y1
    B
    4W-2
    Y2 / C1
    D1
    C2
    C
    C5-C7 Channel Pattern
    D2
    D3
    SW Prospects
    Mirador & Guadalupe
    D4
    VA-1
    C3
    F
    E
    Y3 / C4
    CPO5_SW (New 2D +Old 2D)
    • Prospects: fault closures
    CPO5_SE (New 3D )
    • Prospects: Fault closures, 4-way closure &
    • Leads: Stratigraphic (C5-C7 channels)
  • Upper Magdalena: Talora Block
    Verdal Prospect
    >7,500 acres
    Dorado Prospect
    >10,000 acres
    G
  • Upper Magdalena – Buganviles
  • Caguan-Putumayo Basin: Tacacho
  • Peru – Block 135 and Block 138
    Peru Block 138
    558 Km 2D 2011
    Brazil
    Prospect C2
    9.004 Acres
    Prospect C1
    14.167 Acres
    Prospect P1
    3.077 Acres
    Prospect C3
    5.465 Acres
    Prospect P3
    14.971 Acres
    : CretaceousProspects
    : PaleozoicProspects
  • Paraguay – Pirity Block
  • Differentiating Factors – Unique Story
    High Impact Exploration Acreage
    5 potential “company maker” blocks
    CPO 5: 3D seismic complete , large inventory of “Corcel” type Prospects, drill 2 wells 2011, 3 in H1’12
    Peru 138: 2D seismic complete, 5 prospects identified, drill 1 well in 2012
    Tacacho: 2D seismic in 2011, 2 x “Strat” wells H1 2012
    Paraguay: 2 wells in 2012
    Peru 135: Seismic in H1 2012, drill H1 2013
    Other Blocks
    Magdalena Valley
    Talora : 1 well in 2011
    Buganviles: Steam pilot Visure in 2011
    La Maye : test Noelia-1 and drill 1 exploration well (conditional on flood waters receding)
    Divesture of non-core Assets
    Moriche and La Maye divesture in process.
    Excellent Management and Technical team with a clear execution strategy
    Management are proven oil finders with 200 years of full field development experience
    Clear Execution Strategy in Place – “Executing the Plan”
    Significant Upside Potential
    • Risked NAVPS > $2.3+
    • Undervalued compared to peer companies with very similar acreage
  • Contact Information
    Petrodorado Energy Ltd. Petrodorado South America S.A.
    Suite 2688, Bow Valley Sq 3 Calle 113 #7-21,
    255 – 5th Avenue SW Torre A, Of# 1018, Teleport Bldg
    Calgary AB, Canada T2P 3G6 Bogota, D.C., Colombia
    Krishna Vathyam Robert Cross Jorge Garcia Arturo Lara
    President and CEO Chairman General Manager Chief Geoscientist
    krishna@petrodorado.combob@petrodorado.comjorge@petrodorado.comarturo@petrodorado.com
    (403) 689-9769 (604) 685-2162 +57 1 646 7450 +57 300 726 0497
    Max Rolla
    V.P. Exploration
    max@petrodorado.com
    +57 300 726 0380
  • Senior Management Team
    Krishna Vathyam – President, CEO and Director (Calgary & Bogota)
    Over 25 years of international oil and gas experience with Schlumberger
    Experience includes management, operations, field developments, production enhancement and heavy oil
    Country Manager in Colombia and Venezuela (operations, financial, regulatory and security)
    Executive level peer network with Pacific Rubiales, Sincor, PDVSA, StatoilHydro, ONGC, Ecopetrol, Schlumberger, Baker Hughes, MI-Swaco and TransOcean
    Max Rolla – Vice President Exploration (Bogota)
    23 years of oil and gas experience with Maraven (PDVSA), Amoco, ConocoPhillips and StatoilHydro
    Masters Degree in Geophysical Engineering from Colorado School of Mines in 1995
    Executive level peer network with Pacific Rubiales, BPZ and StatoilHydro
    Arturo Lara – Chief Geoscientist (Bogota)
    30 years of oil and gas experience in South America with Maraven, Total and Gazprom
    Masters in geology from IFP (French Institute of Petroleum)
    Expertise in exploration geology play and location identification
    Executive level peer network with Pacific Rubiales, Gazprom, Total, PDVSA and Maraven
    Emir Arzola – Chief Reservoir Manager (Bogota)
    29 years of oil and gas experience in Colombia and Venezuela
    Maraven, PDVSA, Perez Companc and Petrobras
    Colombia Operations Mgr with Tecnopetrol (pre-cursor to Pacific Stratus)
    Reservoir Engineer
    Jorge Garcia - General Manager (Colombia & Peru) (Bogota)
    17 years of International Oil & Gas experience with Schlumberger and Mobil
    Worked in Colombia, USA, France, Spain, Portugal, Australia, North Africa
    Engineer and MBA
    V.C. Mohan – Consulting Chief Geophysicist (India)
    50 years of oil and gas experience with ONGC
    Founder of ONGC’s geophysical processing centre, discovered KG Basin (India) and initiated ONGC Videsh
    Executive level peer network with ONGC and OVL
  • Board of Directors
    • Robert Cross – Chairman (chair Compensation Committee, Audit committee)
    • Co-founder and Chairman of Bankers Petroleum and Director of BNK Petroleum
    • Previously Chairman of Northern Orion Resources and co-founder and Chairman of B2Gold Corp
    • Has created value for shareholders of Northern Orion (CAGR 153%), Bankers (CAGR 63%) and EAGC Ventures (CAGR 947%)
    • Doug Urch (chair Audit Committee, Compensation committee)
    • Chief Financial Officer of Bankers Petroleum
    • Over 25 years of oil and gas experience and previously the Chief Financial Officer of Rally Energy
    • Gregg Vernon (chair Reserves Committee, audit and compensation committee)
    • 30 years of oil and gas experience with 20 years of experience with Schlumberger
    • Co-founder of Petro Andina Resources and founder and Chairman of Prospero Hydrocarbons, a private oil company recently acquired by Alange Energy in September 2009
    • Young BaeKu (Reserves Committee)
    • Founder and CEO of Gmarket, a NASDAQ listed company, which was recently acquired by Ebay Q1 ‘09 (US$1.2bn)
    • 10 years of experience working for Schlumberger
    • Krishna Vathyam (Reserves Committee)
    • President and CEO of Petrodorado