The document discusses a proposed business combination between Canacol Energy Ltd. and Shona Energy Company, Inc. announced in October 2012. The transaction would create a larger combined entity with one of the largest and most diverse oil and gas portfolios in Colombia, including assets in the Lower Magdalena Basin with natural gas reserves, the Llanos Basin with existing oil production, and exploration acreage in the Caguan-Putumayo and Middle Magdalena Basins. The transaction is expected to close in December 2012, subject to shareholder approvals.
This document provides forward-looking statements and information about Shona Energy Company, Inc. It outlines key assumptions regarding future capital expenditures, oil and gas prices, production levels, exchange rates, financing ability, and other economic factors. It cautions readers that actual results may differ materially from forecasts due to risks in the oil and gas industry and greater economic uncertainties. The document is not a complete analysis of Shona and readers should conduct their own due diligence.
- Shona Energy Company is an oil and gas exploration and production company focused on assets in Colombia and Peru
- Their main asset is the Esperanza Block in Colombia which has 173 BCF of net reserves as of January 1, 2012 and potential for additional discoveries based on 3D seismic data
- Shona aims to grow production and reserves at Esperanza and advance exploration at other blocks in Colombia and Peru through development drilling and seismic programs
- Shona Energy Company is an oil and gas exploration and development company focused on assets in Colombia and Peru
- It has existing production and reserves on its Esperanza block in Colombia and exploration blocks in Colombia and Peru
- On its core Esperanza block, Shona has best estimate net reserves of 173 BCF and identified prospects that could add over 100 BCF of potential reserves based on 3D seismic analysis
This document provides information about an initial public offering, including that a preliminary prospectus has been filed with securities regulators containing important information about the securities. The preliminary prospectus is still subject to completion and securities will not be sold until a receipt for the final prospectus has been issued. The document also advises that the preliminary prospectus should be read for full disclosure before making an investment decision.
Real matters Investor Presentation - April 26 2017 redactedrealmatters2016
This document provides information about an initial public offering, including that a preliminary prospectus has been filed with securities regulators containing important information about the securities. The preliminary prospectus is still subject to completion and securities will not be sold until a receipt for the final prospectus has been issued. The document also advises that prospective investors should rely only on the information in the preliminary prospectus and refers readers to risk factors and other disclosures contained therein.
Ero Copper provides an investor presentation highlighting its status as a Brazil-focused clean copper producer with meaningful gold production and fully-funded organic growth driven by exploration. The company has industry-leading returns with a 43% last twelve months return on invested capital and plans to double its copper production every four years. Ero operates in Brazil, which has one of the cleanest electricity grids in the world sourcing 85% of power from renewable sources such as hydropower, wind, and solar.
- Ero Copper is a high-growth clean copper producer with operations in Brazil focused on organic growth and strong returns.
- The company's portfolio includes the long-life MCSA Mining Complex, the NX Gold Mine, and the Boa Esperança project currently under construction, with a track record of doubling copper production every 4 years through exploration success and low-cost expansions.
- Ero Copper aims to continue outperforming peers through its high-quality assets in a mining-friendly jurisdiction, strong balance sheet, and aligned management team focused on returns.
The document discusses a proposed business combination between Canacol Energy Ltd. and Shona Energy Company, Inc. announced in October 2012. The transaction would create a larger combined entity with one of the largest and most diverse oil and gas portfolios in Colombia, including assets in the Lower Magdalena Basin with natural gas reserves, the Llanos Basin with existing oil production, and exploration acreage in the Caguan-Putumayo and Middle Magdalena Basins. The transaction is expected to close in December 2012, subject to shareholder approvals.
This document provides forward-looking statements and information about Shona Energy Company, Inc. It outlines key assumptions regarding future capital expenditures, oil and gas prices, production levels, exchange rates, financing ability, and other economic factors. It cautions readers that actual results may differ materially from forecasts due to risks in the oil and gas industry and greater economic uncertainties. The document is not a complete analysis of Shona and readers should conduct their own due diligence.
- Shona Energy Company is an oil and gas exploration and production company focused on assets in Colombia and Peru
- Their main asset is the Esperanza Block in Colombia which has 173 BCF of net reserves as of January 1, 2012 and potential for additional discoveries based on 3D seismic data
- Shona aims to grow production and reserves at Esperanza and advance exploration at other blocks in Colombia and Peru through development drilling and seismic programs
- Shona Energy Company is an oil and gas exploration and development company focused on assets in Colombia and Peru
- It has existing production and reserves on its Esperanza block in Colombia and exploration blocks in Colombia and Peru
- On its core Esperanza block, Shona has best estimate net reserves of 173 BCF and identified prospects that could add over 100 BCF of potential reserves based on 3D seismic analysis
This document provides information about an initial public offering, including that a preliminary prospectus has been filed with securities regulators containing important information about the securities. The preliminary prospectus is still subject to completion and securities will not be sold until a receipt for the final prospectus has been issued. The document also advises that the preliminary prospectus should be read for full disclosure before making an investment decision.
Real matters Investor Presentation - April 26 2017 redactedrealmatters2016
This document provides information about an initial public offering, including that a preliminary prospectus has been filed with securities regulators containing important information about the securities. The preliminary prospectus is still subject to completion and securities will not be sold until a receipt for the final prospectus has been issued. The document also advises that prospective investors should rely only on the information in the preliminary prospectus and refers readers to risk factors and other disclosures contained therein.
Ero Copper provides an investor presentation highlighting its status as a Brazil-focused clean copper producer with meaningful gold production and fully-funded organic growth driven by exploration. The company has industry-leading returns with a 43% last twelve months return on invested capital and plans to double its copper production every four years. Ero operates in Brazil, which has one of the cleanest electricity grids in the world sourcing 85% of power from renewable sources such as hydropower, wind, and solar.
- Ero Copper is a high-growth clean copper producer with operations in Brazil focused on organic growth and strong returns.
- The company's portfolio includes the long-life MCSA Mining Complex, the NX Gold Mine, and the Boa Esperança project currently under construction, with a track record of doubling copper production every 4 years through exploration success and low-cost expansions.
- Ero Copper aims to continue outperforming peers through its high-quality assets in a mining-friendly jurisdiction, strong balance sheet, and aligned management team focused on returns.
- Ero Copper is a Brazil-focused clean copper producer with meaningful gold production and strong exploration focus driving organic growth.
- The company has a high-quality portfolio in Brazil including the MCSA Mining Complex, NX Gold Mine, and Boa Esperança development project, which is expected to double copper production every 4 years.
- Ero Copper has a strong track record of returns driven by a focus on return on invested capital, peer-leading organic growth with low capital intensity, and balance sheet strength for resilience.
At Pathway Health, we are committed to delivering personalized care to help improve a patients’ quality of life. We strive to provide patients with timely access to personalized treatment plans using advanced and clinically-proven solutions to achieve the best outcomes.
This management presentation discusses Sleep Country Canada's initial public offering. It provides an overview of the company as the leading specialty mattress retailer in Canada, with a national footprint and market leading brand recognition and traffic. The presentation highlights Sleep Country's best-in-class retail strategy focused on an unrivaled in-store customer experience through highly trained staff and superior home delivery. Financial highlights and growth targets are presented, noting the company's attractive financial model and ability to generate strong cash flow. Risk factors and forward-looking statements are also discussed.
Hemptown Spring 2019 Investor PresentationHemptown USA
From the rich soils of Southern Oregon's Emerald Triangle, Hemptown USA is producing some of the finest cannabinoid products in the world.
Hemptown USA’s toolkit is a unique one. Combined with our vertically integrated business model we are in firmly positioned to capitalize on a global market expected to exceed $22 billion by 2020.
- Ero Copper is a high-growth clean copper producer with operations in Brazil focused on organic growth and strong returns.
- Production is expected to double every 4 years from 20,000 tonnes in 2017 to 46,000 tonnes in 2021 and 97,000 tonnes by 2025 through projects like the new Boa Esperança mine.
- The company has a high quality portfolio of low-cost assets in Brazil with a focus on exploration driving further growth and returns.
Ero Copper held a technical session to discuss its 2022 exploration program and recent results. The session provided an overview of exploration activities across Ero's portfolio, including near-mine exploration and regional programs at the MCSA Mining Complex, nickel exploration, and work at the Boa Esperança and NX Gold projects. Ero aims to unlock value across all timescales through ongoing life-of-mine planning and exploration, with a focus on generating high-margin growth projects delivering high returns on investment.
The document provides an overview of Ero Copper's April 2022 analyst site visit to their MCSA Mining Complex and Boa Esperança project in Brazil. It includes forward-looking statements and cautions that actual results may differ materially from projections. It also notes the qualifications of the experts who prepared technical reports on the company's properties and provides context around non-IFRS financial measures discussed. Key topics to be covered include health, safety and environment; performance and growth opportunities at MCSA and NX Gold; updates on the Boa Esperança project; and the company's balance sheet and financial position.
Pathway Health is one of the largest providers of out-of-hospital pain management services in Canada. We own and operate nine community-based clinics across four provinces where our team of health professionals work together to help patients by using a variety of evidence-based approaches.
This document contains an investor presentation for an organization providing chronic pain services and medical cannabis telehealth. It discusses the company's growth from $600k in 2018 revenue to $12.6 million in 2020, its network of 9 pain clinics across Canada, and plans for expansion. It also outlines the company's proprietary digital platform, pharmacy initiatives including pharmacist education and patient referrals, and financial overview showing its sources of revenue. The document contains numerous disclaimers regarding forward-looking statements and risks involved in the company's projections.
Pathway Health is an integrated healthcare company that provides advanced products and services to patients suffering from chronic pain and related conditions. The Company owns and operates nine community-based clinics across four provinces where its team of health professionals work together to help patients through a variety of evidence-based approaches and products, including medical cannabis. Pathway's patient care programs utilize an interdisciplinary approach that is guided by trained pain specialists, physical and occupational therapists, psychologists, nurses, and other healthcare providers. Pathway is also the leading provider of medical cannabis services in Canada and has established itself as the collaboration partner with national and regional pharmacy companies for the delivery of medical cannabis services to their customers. The Company is working with several pharmacy companies on the development of Cannabis Health Products (CHPs) for OTC distribution through retail pharmacy locations across the country following anticipated changes to the Cannabis Act.
2012 08 28 investor presentation - august 2012Shona_Energy
Shona Energy Company is an oil and gas exploration and development company focused on assets in Colombia and Peru. It has over 300,000 net acres across multiple blocks and identified over 173 billion cubic feet of net gas reserves on its flagship Esperanza Block in Colombia as of January 2012. Shona plans to increase current gas sales from the block and evaluate additional exploration prospects identified on recent 3D seismic to further grow the reserves and production base. The company aims to create shareholder value through prudent capital expenditures, debt management and pursuing merger and acquisition opportunities.
Shona Energy Company is an oil and gas exploration and development company focused on assets in Colombia and Peru. It has over 308,000 net acres under exploration licenses and production from its Esperanza block in Colombia. Management estimates over 173 billion cubic feet of reserves in Esperanza as of January 2012. Shona aims to grow production and reserves through development and exploration drilling, while evaluating opportunities for expanded gas marketing.
Aveda Transportation and Energy Services Inc. presented its corporate strategy and outlook in January 2017. The presentation discussed Aveda's history of growth through acquisitions and expansion across North America since 1994. It highlighted Aveda's leadership team and board of directors with extensive oilfield experience. The presentation also noted Aveda's track record of revenue and adjusted EBITDA growth despite a 40% decline in rig counts from 2015 to 2016, demonstrating resilience in the downturn.
This document outlines the agenda and resolutions for the 2018 Annual and Special Meeting of Shareholders. Resolution 1 is the election of 11 directors to the corporation's board. Resolution 2 is the appointment and compensation of PricewaterhouseCoopers LLP as the independent auditor for 2018. Resolutions 3 through 5 are approvals of amendments to various compensation plans for employees and executives. Resolution 6 is an advisory vote on the corporation's executive compensation approach.
The document discusses Pretivm Resources' Brucejack Mine, a high-grade underground gold mine in British Columbia. It notes that the mine has consistently been profitable. It cautions readers that the presentation contains forward-looking statements regarding anticipated results, costs, plans, estimates, assumptions, and other projections that involve risks and uncertainties. It also provides notes to investors on the technical information sources, definitions of resource estimates, and explanations of non-IFRS financial metrics.
Corporate presentation november 2016 finalcorpaveda2015
This corporate presentation provides an overview of Aveda Transportation and Energy Services Inc. It discusses Aveda's history of growth through acquisitions and expansion across North America. The presentation highlights Aveda's diversified revenue base across major oil basins in the US and Canada, as well as its blue chip customer base. It also summarizes Aveda's capitalization, balance sheet, and North American operations footprint.
Prophecy Resources Corp is developing the 600 MW Chandgana power plant in Mongolia to help meet the country's growing energy demand. The Chandgana project has over 1.2 billion tonnes of thermal coal resources and all necessary construction permits. The mine-mouth power plant is fully permitted and would be the first of its kind in Mongolia. It is strategically located near energy infrastructure and markets in China and Russia. Successful development of the 600 MW Phase I plant would help address Mongolia's current power shortages and reliance on imports.
Prophecy Resources Corp is developing the 600 MW Chandgana power plant in Mongolia to help meet the country's growing energy demand. The Chandgana project has over 1.2 billion tonnes of thermal coal resources and all necessary construction permits. The mine-mouth power plant is fully permitted and would be the first of its kind in Mongolia. It is strategically located near energy infrastructure and markets in China and Russia. Successful development of the 600 MW Phase I plant would help address Mongolia's current power shortages and reliance on imports.
The document is a presentation about representing the 600 MW Chandgana power plant project. It provides background information and disclaimers, noting that the information is subject to changes and updates. It warns that the communication of the presentation does not constitute a commitment to any transaction. It also contains forward-looking statements about the development and production of the power plant, but warns that actual results could differ due to risks and uncertainties in the mining industry.
- Ero Copper is a Brazil-focused clean copper producer with meaningful gold production and strong exploration focus driving organic growth.
- The company has a high-quality portfolio in Brazil including the MCSA Mining Complex, NX Gold Mine, and Boa Esperança development project, which is expected to double copper production every 4 years.
- Ero Copper has a strong track record of returns driven by a focus on return on invested capital, peer-leading organic growth with low capital intensity, and balance sheet strength for resilience.
At Pathway Health, we are committed to delivering personalized care to help improve a patients’ quality of life. We strive to provide patients with timely access to personalized treatment plans using advanced and clinically-proven solutions to achieve the best outcomes.
This management presentation discusses Sleep Country Canada's initial public offering. It provides an overview of the company as the leading specialty mattress retailer in Canada, with a national footprint and market leading brand recognition and traffic. The presentation highlights Sleep Country's best-in-class retail strategy focused on an unrivaled in-store customer experience through highly trained staff and superior home delivery. Financial highlights and growth targets are presented, noting the company's attractive financial model and ability to generate strong cash flow. Risk factors and forward-looking statements are also discussed.
Hemptown Spring 2019 Investor PresentationHemptown USA
From the rich soils of Southern Oregon's Emerald Triangle, Hemptown USA is producing some of the finest cannabinoid products in the world.
Hemptown USA’s toolkit is a unique one. Combined with our vertically integrated business model we are in firmly positioned to capitalize on a global market expected to exceed $22 billion by 2020.
- Ero Copper is a high-growth clean copper producer with operations in Brazil focused on organic growth and strong returns.
- Production is expected to double every 4 years from 20,000 tonnes in 2017 to 46,000 tonnes in 2021 and 97,000 tonnes by 2025 through projects like the new Boa Esperança mine.
- The company has a high quality portfolio of low-cost assets in Brazil with a focus on exploration driving further growth and returns.
Ero Copper held a technical session to discuss its 2022 exploration program and recent results. The session provided an overview of exploration activities across Ero's portfolio, including near-mine exploration and regional programs at the MCSA Mining Complex, nickel exploration, and work at the Boa Esperança and NX Gold projects. Ero aims to unlock value across all timescales through ongoing life-of-mine planning and exploration, with a focus on generating high-margin growth projects delivering high returns on investment.
The document provides an overview of Ero Copper's April 2022 analyst site visit to their MCSA Mining Complex and Boa Esperança project in Brazil. It includes forward-looking statements and cautions that actual results may differ materially from projections. It also notes the qualifications of the experts who prepared technical reports on the company's properties and provides context around non-IFRS financial measures discussed. Key topics to be covered include health, safety and environment; performance and growth opportunities at MCSA and NX Gold; updates on the Boa Esperança project; and the company's balance sheet and financial position.
Pathway Health is one of the largest providers of out-of-hospital pain management services in Canada. We own and operate nine community-based clinics across four provinces where our team of health professionals work together to help patients by using a variety of evidence-based approaches.
This document contains an investor presentation for an organization providing chronic pain services and medical cannabis telehealth. It discusses the company's growth from $600k in 2018 revenue to $12.6 million in 2020, its network of 9 pain clinics across Canada, and plans for expansion. It also outlines the company's proprietary digital platform, pharmacy initiatives including pharmacist education and patient referrals, and financial overview showing its sources of revenue. The document contains numerous disclaimers regarding forward-looking statements and risks involved in the company's projections.
Pathway Health is an integrated healthcare company that provides advanced products and services to patients suffering from chronic pain and related conditions. The Company owns and operates nine community-based clinics across four provinces where its team of health professionals work together to help patients through a variety of evidence-based approaches and products, including medical cannabis. Pathway's patient care programs utilize an interdisciplinary approach that is guided by trained pain specialists, physical and occupational therapists, psychologists, nurses, and other healthcare providers. Pathway is also the leading provider of medical cannabis services in Canada and has established itself as the collaboration partner with national and regional pharmacy companies for the delivery of medical cannabis services to their customers. The Company is working with several pharmacy companies on the development of Cannabis Health Products (CHPs) for OTC distribution through retail pharmacy locations across the country following anticipated changes to the Cannabis Act.
2012 08 28 investor presentation - august 2012Shona_Energy
Shona Energy Company is an oil and gas exploration and development company focused on assets in Colombia and Peru. It has over 300,000 net acres across multiple blocks and identified over 173 billion cubic feet of net gas reserves on its flagship Esperanza Block in Colombia as of January 2012. Shona plans to increase current gas sales from the block and evaluate additional exploration prospects identified on recent 3D seismic to further grow the reserves and production base. The company aims to create shareholder value through prudent capital expenditures, debt management and pursuing merger and acquisition opportunities.
Shona Energy Company is an oil and gas exploration and development company focused on assets in Colombia and Peru. It has over 308,000 net acres under exploration licenses and production from its Esperanza block in Colombia. Management estimates over 173 billion cubic feet of reserves in Esperanza as of January 2012. Shona aims to grow production and reserves through development and exploration drilling, while evaluating opportunities for expanded gas marketing.
Aveda Transportation and Energy Services Inc. presented its corporate strategy and outlook in January 2017. The presentation discussed Aveda's history of growth through acquisitions and expansion across North America since 1994. It highlighted Aveda's leadership team and board of directors with extensive oilfield experience. The presentation also noted Aveda's track record of revenue and adjusted EBITDA growth despite a 40% decline in rig counts from 2015 to 2016, demonstrating resilience in the downturn.
This document outlines the agenda and resolutions for the 2018 Annual and Special Meeting of Shareholders. Resolution 1 is the election of 11 directors to the corporation's board. Resolution 2 is the appointment and compensation of PricewaterhouseCoopers LLP as the independent auditor for 2018. Resolutions 3 through 5 are approvals of amendments to various compensation plans for employees and executives. Resolution 6 is an advisory vote on the corporation's executive compensation approach.
The document discusses Pretivm Resources' Brucejack Mine, a high-grade underground gold mine in British Columbia. It notes that the mine has consistently been profitable. It cautions readers that the presentation contains forward-looking statements regarding anticipated results, costs, plans, estimates, assumptions, and other projections that involve risks and uncertainties. It also provides notes to investors on the technical information sources, definitions of resource estimates, and explanations of non-IFRS financial metrics.
Corporate presentation november 2016 finalcorpaveda2015
This corporate presentation provides an overview of Aveda Transportation and Energy Services Inc. It discusses Aveda's history of growth through acquisitions and expansion across North America. The presentation highlights Aveda's diversified revenue base across major oil basins in the US and Canada, as well as its blue chip customer base. It also summarizes Aveda's capitalization, balance sheet, and North American operations footprint.
Prophecy Resources Corp is developing the 600 MW Chandgana power plant in Mongolia to help meet the country's growing energy demand. The Chandgana project has over 1.2 billion tonnes of thermal coal resources and all necessary construction permits. The mine-mouth power plant is fully permitted and would be the first of its kind in Mongolia. It is strategically located near energy infrastructure and markets in China and Russia. Successful development of the 600 MW Phase I plant would help address Mongolia's current power shortages and reliance on imports.
Prophecy Resources Corp is developing the 600 MW Chandgana power plant in Mongolia to help meet the country's growing energy demand. The Chandgana project has over 1.2 billion tonnes of thermal coal resources and all necessary construction permits. The mine-mouth power plant is fully permitted and would be the first of its kind in Mongolia. It is strategically located near energy infrastructure and markets in China and Russia. Successful development of the 600 MW Phase I plant would help address Mongolia's current power shortages and reliance on imports.
The document is a presentation about representing the 600 MW Chandgana power plant project. It provides background information and disclaimers, noting that the information is subject to changes and updates. It warns that the communication of the presentation does not constitute a commitment to any transaction. It also contains forward-looking statements about the development and production of the power plant, but warns that actual results could differ due to risks and uncertainties in the mining industry.
Similar to New Stratus Corporate Presentation May 2024 (20)
Tristar Gold is developing the Castelo de Sonhos gold project in Brazil. The project has a 1.4 million ounce open pit reserve and a positive pre-feasibility study showing a 33% IRR and $399 million NPV at $1,550 gold price. Tristar is advancing permitting and aims to receive its installation license in 2024 to begin construction of a 3.6 million tonne per year operation. The project has significant exploration upside to expand resources along strike and at depth.
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
Calibre Mining is creating a high growth, cash flow focused mid-tier gold producer in the Americas. It has 3 producing mines, 3 growth assets, 4.1M ounces of gold reserves, and is forecast to produce 275-300k ounces in 2024. Calibre aims to grow production to over 460k ounces annually by 2026 through organic growth from its assets and ongoing exploration and development projects. These include the high-grade Valentine Gold Mine in Canada, which began production in early 2025. Calibre has a track record of delivering production growth and increasing reserves, and sees potential for further discovery and resource expansion across its portfolio.
This document provides an overview of Lundin Gold's exploration activities and goals. In 2023, Lundin Gold conducted over 35,000 meters of near-mine drilling and over 8,000 meters of regional drilling to explore for new discoveries. Conversion drilling totaled over 11,000 meters to replace depleted reserves. The 2024 exploration program budget is $42 million, making it the largest program conducted on Lundin Gold's land package. Near-mine drilling is extending known mineralization at the Bonza Sur and FDNS targets. Regional drilling aims to make new discoveries of large gold deposits.
The document provides an overview of Strategic Resources' corporate presentation from March 2024. It discusses a three phase plan to develop an iron pelletizing facility and eventually the fully permitted BlackRock mine in Quebec. Phase 1 would produce direct reduction grade iron ore pellets using third party feedstock. Phase 2 could produce direct reduced iron or hot briquetted iron. Phase 3 involves building the BlackRock mine and facilities to produce high purity pig iron, vanadium, and titanium products. The presentation outlines the project's economics, location advantages, and potential to support the green transition in steelmaking.
This document provides an overview of Tristar Gold Inc., a gold mining company developing the Castle of Dreams gold project in Brazil. Key points include:
- The Castle of Dreams project has a 1.4 million ounce gold reserve identified in a 2021 PFS study, with potential to expand further.
- The PFS outlined an 11-year mine life with average annual production of 121,000 ounces at an AISC of $900/ounce and post-tax IRR of 28% at $1,550 gold.
- Tristar is advancing permitting for the project and aims to receive the installation license in 2023 to begin construction in 2024.
- The management team
Strategic Resources Corporate Presentation - March 2024 UpdateAdnet Communications
Strategic Resources presented on their corporate projects in March 2024. They outlined a three phase plan to build an iron pelletizing facility using third party feed as Phase 1. This would produce direct reduction grade pellets for sale at a premium to iron concentrate prices. Phase 2 would involve building a direct reduction plant to convert pellets to DRI or HBI. Phase 3 is the construction of Strategic's BlackRock mine and metallurgical facility in Quebec to produce high purity pig iron, titanium slag, and vanadium slag. The presentation highlighted Strategic's products as high value steel inputs that support the green transition to electric arc furnace steelmaking.
Strategic Resources is presenting on their corporate projects in March 2024. The presentation outlines their phased approach to developing the BlackRock iron ore project in Quebec, beginning with a merchant iron pellet plant using third party feed (Phase 1), followed by direct reduction and hot briquetted iron production (Phase 2), and ultimately the construction of the BlackRock mine and metallurgical facility (Phase 3). Strategic also discusses their leased site at the deep water Port of Saguenay that will be critical infrastructure for shipping iron ore pellets and products internationally. The presentation provides an overview of the economics for the Phase 1 merchant pellet plant and Strategic's capital structure.
This corporate presentation provides an overview of Strategic Resources' plans to develop a high-purity pig iron production facility in Quebec, Canada. It outlines a three-phase approach, beginning with the construction of an iron pelletizing plant using third-party feed, then expanding to produce direct reduced iron and hot briquetted iron, and ultimately developing the BlackRock mine and production facilities to produce high-purity pig iron and other products. The presentation notes that Strategic's products will be high-value steelmaking inputs and that the BlackRock project is well-positioned near infrastructure to access markets. It argues the company is well-positioned to help enable the transition to lower-carbon electric arc furnace steel
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
2. 2
This presentation of New Stratus Energy Inc. (“NSE” or the “Corporation”) is for information purposes only and shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities of NSE. The information contained
herein is subject to change without notice and is based on publicly available information, internally developed data and other sources. Where any opinion or belief is expressed in this presentation, it is based on the assumptions and
limitations mentioned herein and is an expression of present opinion or belief only. This presentation should not be construed as legal, financial or tax advice to any individual, as each individual’s circumstances are different. Readers
should consult with their own professionaladvisors regarding their particular circumstances.Unless defined herein, all capitalized words shall have the meaning ascribed to them elsewhere in this presentation.
Cautionary Note Regarding Forward-Looking Information and Forward-Looking Statements: This presentation contains information that may be considered to be forward-looking information or forward-looking statements within the
meaning of applicable securities laws (collectively, “forward-looking information”). Such forward-looking information relates to internal projections, expectations, estimates or beliefs relating to future events or the future performance
of NSE. All statements contained herein, other than statements of historical fact, may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate",
"plan", "continue", "estimate", "expect", "may", "will", "project", "predict", “propose”, "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions, or the negative or grammatical variations thereof.
These statements are only predictions and actual events or results may differ and such differences could be material. Although management of NSE believes that the expectations reflected in the forward-looking information contained
in this presentation are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Therefore, investors should not unduly rely on the forward-looking information contained in this presentation as actual results may vary and there can be no assurance that such forward-looking
information will prove to be correct and in many cases assumptions are based on factors and events that are not within the control of the Corporation. Forward-looking information may include, among other things, statements about:
the anticipated benefits and results of the Corporation’s recently completed acquisitions or potential acquisitions; the anticipated timing for the completion of the Corporation’s potential acquisitions; the Corporation’s development
program in respect of the Goldpillar acquisition and the Soledad Acquisition, including the timing thereof and expenditures related thereto; anticipated future production levels; anticipated cash flows resulting from the Corporation's
acquisitions and the planned uses of such cash flows; the projected future production volumes, revenues, cash flows and capital exposure in connection with the Corporation's acquisitions; the Corporation’s ability to acquire additional
working interest in OPS; expectationsregarding the renegotiationof existing agreements with government officials; and the Corporation’s future drilling plans and the anticipatednumber of wells to be drilled.
With respect to forward-looking information contained in this presentation, NSE has made assumptions regarding, among other things: the ability of the Corporation to receive, in a timely manner, the regulatory and third party
approvals for potential acquisitions, the ability of the Corporation to satisfy, in a timely manner, the conditions to the closing of potential acquisitions, the ability of the Corporation to obtain financing on satisfactory terms, the
legislative, executive and regulatory environment in the jurisdictions where it operates and intends to operate, the impact of increasing competition, that costs related to exploration, drilling, seismic and the development of oil and gas
properties will remain consistent with historical experiences, anticipated results of exploration and drilling activities and the price of oil and gas. The forward-looking information contained in this presentation involves known and
unknown risks, uncertaintiesand other factors that may cause actual results or events to differ materially from those anticipatedin such forward-lookinginformation.
NSE’s actual results could differ materially from those anticipated in the forward-looking information contained in this presentation as a result of certain risk factors, including but not limited to the following: risks and uncertainties
relating to the completion of acquisitions and potential acquisitions, the ability to successfully integrate operations and realize the anticipated benefits of potential acquisitions, incorrect assessments of the value of potential
acquisitions, volatility in the market prices for oil and natural gas, unanticipated changes in any applicable royalty regime, uncertainties associated with estimating resources and reserves, geological problems, technical problems,
drilling and seismic problems, liabilities and risks including environmental liabilities and risks inherent in oil and natural gas operations, legal restrictions relating to COVID-19, fluctuations in currency exchange and interest rates,
unanticipated results of exploration and development drilling and related activities, competition for capital, competition for acquisitions of reserves and resources, competition for undeveloped lands, employee relations, relationships
with local communities and indigenous populations, competition for skilled personnel, unpredictable weather conditions, the impact of general economic conditions and political conditions, industry conditions including changes in
laws and regulations, including adoption of new environmental laws and regulations, changes in political conditions, the possibility of future financings and divestitures, expectations regarding future production and obtaining required
approvals of regulatory authorities.Readers are cautioned that the foregoing list of risk factors is not exhaustive.
The forward-looking information contained in this presentation speaks only as of the date of this presentation and is expressly qualified, in its entirety, by this cautionary statement and NSE disclaims any intent or obligation to update
publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. These materials do not and are not to be construed as an
offering memorandum. An investment in securities of NSE involves a high degree of risk and potential investors are advised to seek their own investment and legal advice.
Disclaimer
3. 3
Cautionary Note Regarding Future-Oriented Financial Information: To the extent any forward-looking information in this presentation constitutes “future-oriented financial information” or “financial outlooks” within the meaning of
applicable Canadian securities laws, such information is being provided as of the date of this presentation to provide information : (i) about management’s current expectations and plans relating to the future; and (ii) to demonstrate
the potential benefits of the Corporation’s business plans and strategies and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-
oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the
risks set out above under the heading “Cautionary Note Regarding Forward-Looking Information and Forward-Looking Statements”, among others. No representation or warranty of any kind is or can be made with respect to the
accuracy or completeness of, and no representation or warranty should be inferred from the Corporation's projections or the assumptions underlying them. NSE’s actual financial position and results of operations may differ materially
from management’s current expectations and, as a result, NSE’s financial position may differ materially from what is provided in this presentation. Such information is presented for illustrative purposes only and may not be an
indication of NSE’s actual financial position or results of operations.
Third Party Information: This presentation includes market and industry data which was obtained from various publicly available sources and other sources believed by NSE to be true. Although NSE believes it to be reliable, NSE has not
independently verified any of the data from third-party sources referred to in this presentation, or analyzed or verified the underlying reports relied upon or referred to by such sources, or ascertained the underlying assumptions
relied upon by such sources. NSE does not provide any representation or assurance as to the accuracy or completeness of the information or data, or the appropriateness of the information or data for any particular analytical purpose,
and accordingly, disclaims any liability in relation to such information and data. NSE has no intention and undertakes no obligation to update or revise any such information or data, whether as a result of new information, future events
or otherwise, except as required by law.
Oil and Gas Information: The term barrels of oil equivalent (“BOE”) may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (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. Given that the value ratio based on the current price of crude oil as compared to natural
gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Estimates of the net present value of the future net revenue from reserves do not
represent the fair market value of reserves. The estimates of reserves and future net revenue from individual properties or wells may not reflect the same confidence level as estimates of reserves and future net revenue for all
properties and wells, due to the effects of aggregation. This presentation includes information attributable to the GoldPillar project and the Soledad project effective as of March 31, 2024 prepared by an internal qualified reserves
evaluator. This information was prepared in accordancewith the Canadian Oil and Gas Evaluation Handbook (“COGE Handbook”)and National Instrument51-101, Standards of Disclosure for Oil and Gas Activities.
US Disclaimer: This presentation is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registrationor an exemption from registration.
Non-GAAP Measures: In this presentation, certain key performance indicators and industry benchmarks such as EBITDA, free cash flow (FCF), operating netback, net debt (cash) are used to analyze financial and operating performance.
These key performance indicators and benchmarks are key measures of profitability and provide investors with information that is commonly used by other oil and gas companies. These key performance indicators and benchmarks as
presented do not have any standardizedmeaning prescribed by Canadian generally acceptedaccounting principles and therefore may not be comparable with the calculationof similar measures for other entities.
All figures in US$ unless otherwise specified.
Disclaimer
4. 4
Executive Management
Jose Francisco Arata, Chairman and CEO
▪ Geology/Engineering background.
▪ 38+ years as a top executive in large E&P companies.
▪ Former President, Executive Director at Pacific
Rubiales.
▪ Former Founder, President and CEO of PacificStratus.
Marino Ostos, Chief GeoscienceOfficer
▪ Geologist, with a PhD in sciences.
▪ Extensive experience overseeing
processes in over 10 differentLATAM
countries.
▪ Former VP, New Business at Pacific
Rubiales.
Technical Team
Wade Felesky, President & Director
▪ 25+ years of investment banking experience.
▪ Former Head of Investment Banking at
Laurentian Bank Securities & former Co-Head
of Energy Investment Banking at GMP
Securities.
Mario Miranda, Chief Financial Officer
▪ President of Finterra Consulting Inc.
▪ Former CFO of PacificStratus Energy, Medoro
Resources, Alexandria Minerals among other TSX
listed companies.
▪ 30+ years experience in the Canadian Energy sector.
Board of Directors
Camilo E. Valencia, Chief Operating Officer
▪ Petroleum Engineer with 25+ years LATAM experience.
▪ Operationalleadership in Colombia, Ecuador, Peru, and
Mexico.
▪ Significantexperience in field development, heavy/light
O&G fields. Planning, drilling,project facilities and ops.
+35 yrs experience
+35 yrs experience
+25 yrs experience
+30 yrs experience
Wade Felesky
President& Director
Greg Bay
Director
Jose Francisco Arata
Chairman& CEO
Marino Ostos
CGO & Director
Leadership Team
5. 5
▪ New Stratus Energy Inc. (“NSE”) is a Canadian E&P company listed in Toronto Venture Exchange
(TSXV:NSE) currently pursuing acquisition opportunities in Latin America:
▪ Stated business case calls for exploitation and development of large, undercapitalized
resource opportunities in Latin America.
▪ Will significantly grow production within 3 to 5 years through strategic joint ventures with
National Oil Companies and subsequent organic growth.
▪ Recent acquisitions:
▪ Venezuela (January 2024):
▪ Goldpillar (20% Working interest in Vencupet).
▪ Mexico (May 2024):
▪ Soledad (49% co-operated working interest in OPS with an option to increase to
90% in 2026).
▪ OPS is the private operator of the profit-sharing agreement with Pemex.
▪ At current oil prices, OPS’s share of FED(1) is 88.2%.
▪ Evaluating opportunities in:
▪ Additional assets in Mexico.
▪ Additional assets in Venezuela.
▪ Colombia, Peru, Guyana, Ecuador, Argentina & Trinidad.
Company Overview
Overview Current Opportunities
Recent acquisitions
Evaluatingopportunities
(1) FED is a measure of available free cash flow, as defined in the contract, and is based on revenue less royalties, taxes and irreducible costs. See page
14 for more details.
6. 6 NSE Projected Financial Information
Combined Projected Financial Information for GoldPillar and Soledad(1)(2)(3)
(1) See Oil and Gas Information and Non-GAAP Measures, on page 2.
(2) Assumes Brent pricing of US$80 per bbl and is based on management internal projections.
(3) The projected results above aggregate projected results from each of the GoldPillar project and the Soledad project, found on pages 10 and 15, respectively.
In USD MM unless otherwise noted 2024 2025 2026 2027 2028 2029 2030 2031 2032+ Total
Net Production Boepd 1,251 3,448 6,746 8,906 10,651 11,371 11,580 11,537 4,340
Revenues, net of royalties 16.4 49.0 90.8 121.7 146.2 155.9 160.4 160.2 1,242.2 2,142.7
Opex (11.7) (11.8) (20.9) (20.5) (22.4) (21.2) (22.5) (21.5) (207.1) (359.7)
Other Income 23.3 36.6 33.6 33.4 31.7 26.7 19.9 19.9 204.0 429.3
-
Other Costs (4.9) (7.6) (5.9) (5.3) (4.3) (4.6) (1.5) (1.6) (6.3) (41.9)
-
Abandonment Costs - - (0.7) (3.5) (3.9) (3.3) (1.9) (1.9) (3.1) (18.3)
EBITDA 23.1 66.2 97.0 125.8 147.3 153.6 154.3 155.2 1,229.8 2,152.1
Depreciation (1.3) (4.1) (6.5) (11.8) (17.3) (21.7) (25.4) (28.8) (319.3) (436.2)
0
Interest Paid (2.5) (2.5) (2.5) (2.5) (2.5) (0.0) - - - (12.3)
0
Special Taxes and Contributions (1.7) (4.8) (6.2) (7.8) (8.9) (9.4) (10.0) (9.9) (115.5) (174.0)
Income Tax / PTU (1.0) (2.6) (3.9) (9.9) (22.5) (30.2) (33.1) (32.6) (276.4) (412.3)
0
Transaction Costs (4.0) - - - - - - - - (4.0)
Net Income 12.7 52.2 77.9 93.8 96.2 92.2 85.9 83.8 518.6 1,113.2
7. 7 NSE Projected Financial Information
Combined Projected Financial Information for GoldPillar and Soledad(1)(2)(3)
(1) See Oil and Gas Information and Non-GAAP Measures, on page 2.
(2) Assumes Brent pricing of US$80 per bbl and is based on management internal projections.
(3) The projected results above aggregate projected results from each of the GoldPillar project and the Soledad project, found on pages 10 and 15, respectively.
(4) The projected results above aggregate projected results from each of the GoldPillar project and the Soledad project, found on pages 9 and 14, respectively.
Key Projected Results (Net to NSE)(1)(2)(4)
In USD MM unless otherwise noted 2024 2025 2026 2027 2028 2029 2030 2031 2032+ Total
Soledad (7.6) (9.2) 2.0 19.8 44.9 49.2 47.7 48.8 306.1 501.8
Goldpillar - Vencupet (8.3) 27.3 37.4 37.0 38.7 41.5 19.9 19.9 398.1 611.5
Total Cash Flow from Operations + Investments (15.8) 18.2 39.4 56.8 83.6 90.7 67.5 68.7 704.1 1,113.2
Soledad (2.0) - - (2.0) (2.0) (2.0) (2.0) (2.0) - (12.0)
Goldpillar - Vencupet (9.7) (2.0) - - - - - - - (11.7)
Total Cash Flow from Acquisitions (11.7) (2.0) - (2.0) (2.0) (2.0) (2.0) (2.0) - (23.7)
Total Cash Flow (27.5) 16.2 39.4 54.8 81.6 88.7 65.5 66.7 704.1 1,089.5
Consolidated Soledad Goldpillar
Total production MMboe 54.0 37.8 16.2
Total FCF USD MM 1,089.5 489.8 599.8
NPV10 USD MM 422.8 199.4 223.4
NPV10 USD / boe 7.82 5.28 13.75
IRR % 118.2% 76.2% 165.8%
Payback period Years 2.3 3.9 1.7
Maximum capital exposure USD MM (27.5) (18.7) (18.0)
8. 8 Goldpillar: Asset Characteristics
Main Characteristics(1)
Map
▪ Peak April Production (Gross): 915 bpd.
▪ API: 20 – 45° (Lido / Limon / Leona (80% )) 9 – 16° (Adas (20%))
▪ Fields: Adas, Lido, Limon, Leona, Oficina Norte, and Oficina Central.
▪ Basin: Orinoco.
▪ Area: 794.2 km2.
▪ Wells: 923 (0 active, 299 to reactivate).
▪ Facilities to be built / expanded:
▪ Oil Pipelines: 600 km.
▪ Flow Stations: 12.
▪ Unloading Stations: 3.
▪ Gas Compression Plants: 2.
▪ Water Injection Plants: 3.
▪ 2023 – 2050 Projections (Gross(2)(3)):
▪ Total Production: 81 MMbbl.
▪ Peak Production: 13,250 bpd (June 2030).
▪ Total Capex: c. USD 700 million.
Oficina Central
Adas
Lido-Limón-Leona
150 km
Orinoco heavy oil belt
(1) See Oil and Gas Information and Non-GAAP Measures, on page 2.
(2) Assumes Brent pricing of US$80 per bbl and is based on management internal projections.
(3) Net values are provided on page 9.
9. 9 Goldpillar: Overview
▪ NSE acquired a 50% participation in Goldpillar resulting in:
▪ 20% operated working interest in Venezuelan Mixed Company Vencupet, (PDVSA 60% / Goldpillar 40%) which has the concession of the fields
Lido, Limon, Leona, Oficina Central, and Adas, located in the south of the Anzoategui and Monagas states.
▪ 4 distinct revenue streams:
▪ Operator of the E&P assets with 20% working interest.
▪ General contractor (Procurement) for the surface development of the fields.
▪ Trader and distributor of produced oil at Vencupet.
▪ Financier of required capital expenditures.
Description
Main Results (Net to NSE)(1)(2)
Goldpillar
Total production MMboe 16.2
Total FCF USD MM 599.8
NPV10 USD MM 223.4
NPV10 USD / boe 13.75
IRR % 165.8%
Payback period Years 1.7
Maximum capital exposure USD MM (18.0)
(1) See Oil and Gas Information and Non-GAAP Measures, on page 2.
(2) Assumes Brent pricing of US$80 per bbl and based on management internal projections.
13. 13 Soledad: Asset Characteristics
Main Characteristics(1)
Map
▪ Reserves (Qualified Person):
▪ P1: 43 MMboe.
▪ Current Production: 1,430 boepd.
▪ API: 32 – 37°.
▪ Fields: Soledad, Soledad Norte, Aragon, Ahuatepec, Gallo, Palo Blanco,
and Coyotes.
▪ Basin: Tampico – Misantla.
▪ Area: 148 km2.
▪ End of Concession: 2039.
▪ 2024 – 2039 Projections (Gross(2)(3)):
▪ Total Production: 43 MMboe.
▪ Peak Production: 10,900 boepd (June 2031).
▪ Total Capex: c. USD 370 million.
(1) See Oil and Gas Information and Non-GAAP Measures, on page 2.
(2) Assumes Brent pricing of US$80 per bbl and is based on management internal projections.
(3) Net values are provided on page 14.
14. 14 Soledad: Overview
▪ Baker Hughes has operated a service contract with Pemex on the Soledad block, located in the State of Veracruz (East Mexico) since 2011.
▪ Given the tariff structure limited in place capital has been spent exploiting the available resource.
▪ In May 2024, NSE assumed co-operatorship and a 49.0% working interest in the operator of a profit-sharing agreement on the block until 2039.
▪ NSE will embark on a cashflow generating program of workovers for 24 months following which NSE will have the option to increase its working interest
in the operator to 90.0% in 2026.
▪ Qualified Persons (“QP”), including Gaffney, Cline & Associates experts, estimate reserves at 43.3 MMboe (1P).
Description
Main Results (Net to NSE)(1)(2)
(1) See Oil and Gas Information and Non-GAAP Measures, on page 2.
(2) Assumes Brent pricing of US$80 per bbl and natural gas sales pricing of US$4.75 per mcf, and is based on management internal projections.
(3) FED is a measure of available free cash flow, as defined in the contract, and is based on revenue less royalties, taxes and irreducible costs.
(4) Represents the variance of payments to Pemex, which depends on natural gas sales pricing.
Revenues
Royalties, Special Taxes, and Irreducible Costs
FED(3)
Operator Pemex
Adjustment(4)
-8.76% to +26.37%
88.23% 11.77%
-
=
Summary Contract Terms
Soledad
Total production MMboe 37.8
Total FCF USD MM 489.8
NPV10 USD MM 199.4
NPV10 USD / boe 5.28
IRR % 76.2%
Payback period Years 3.9
Maximum capital exposure USD MM (18.7)
15. 15 Soledad: Overview
Projected Financial Information (Net to NSE) (1)(2)
(1) Assumes Brent pricing of US$80 per bbl and natural gas sales pricing of US$4.75 per mcf, and is based on management internal projections.
(2) FED is a measure of available free cash flow, as defined in the contract, and is based on revenue less royalties, taxes and irreducible costs.
In USD MM unless otherwise noted 2024 2025 2026 2027 2028 2029 2030 2031 2032+ Total
NSE Working Interest in Operator % 49.0% 49.0% 90.0% 90.0% 90.0% 90.0% 90.0% 90.0% 90.0%
Net Production Boepd 950 2,187 5,144 6,909 8,386 8,969 9,040 9,034 7,572
Vertical /Directional Wells (Gross) # 2 9 2 3 - - - - - 16
Horizontal Wells (Gross) # - 3 5 6 9 7 7 8 30 75
Major Workovers (Gross) # 8 12 12 6 6 1 - - - 45
FED Available to the Operator 7.4 24.1 59.2 82.2 101.3 108.4 110.1 110.7 659.3 1,262.6
Opex (6.6) (9.0) (15.7) (15.7) (16.6) (16.2) (16.2) (16.0) (103.5) (215.3)
Abandonment - - (0.7) (3.5) (3.9) (3.3) (1.9) (1.9) (1.0) (16.2)
EBITDA 0.8 15.1 42.8 63.0 80.8 88.8 92.0 92.9 554.9 1,031.1
Depreciation (0.0) (0.6) (2.0) (6.2) (10.9) (15.0) (18.3) (21.8) (236.7) (311.4)
Transaction Costs (2.0) - - - - - - - - (2.0)
Income Tax - - - (2.9) (13.7) (19.1) (20.2) (19.7) (138.1) (213.7)
PTU - - (0.1) (0.2) (0.2) (0.2) (0.2) (0.2) (1.2) (2.2)
Net income (1.2) 14.5 40.6 53.7 56.0 54.6 53.4 51.2 178.9 501.8
Depreciation 0.0 0.6 2.0 6.2 10.9 15.0 18.3 21.8 236.7 311.4
Capex (5.1) (19.4) (41.6) (38.6) (35.0) (25.2) (24.8) (27.3) (94.4) (311.4)
Acquisition Payments (2.0) - - (2.0) (2.0) (2.0) (2.0) (2.0) - (12.0)
Carry BH (3.4) (5.6) 1.6 2.5 4.6 0.3 - - - -
Change in Working Capital 2.1 0.8 (0.6) (4.1) 8.5 4.4 0.8 3.1 (15.0) -
Cash Flow to NSE (9.6) (9.2) 2.0 17.8 42.9 47.2 45.7 46.8 306.1 489.8
16. 16 Soledad: Operating Netbacks(1)(2)
Workovers
New Wells (Horizontal)
$5.00
$1.36
$17.60
$4.74
$33.43
$6.37
Royalties
Irreducible Costs
Netback
WTI Differential
Discount (Gas Lower
Price)
Income Tax
Special Taxes
$11.50
Brent Price $80.00
Royalties
Irreducible Costs
WTI Differential
Discount (Gas Lower
Price)
OPEX
Special Taxes
$5.00
$2.18
$17.60
$5.30
$32.18
$6.37
Royalties
Irreducible Costs
Netback
WTI Differential
Discount (Gas Lower
Price)
Income Tax
Special Taxes
$11.37
Brent Price $80.00
Royalties
Irreducible Costs
WTI Differential
Discount (Gas Lower
Price)
OPEX
Special Taxes
FED $39.80 FED $38.55
FED is split between
OPS and Pemex. From
its share, OPS has to
pay income tax and
100% of opex and
capex.
FED is split between
OPS and Pemex. From
its share, OPS has to
pay income tax and
100% of opex and
capex.
EUR: 813 kboe
IP30: 627 boepd
Cost: USD 4.2 MM
Income Tax: $9.03
Capex: $6.06
Pemex Share: $4.69
EUR: 116 kboe
IP30: 92 boepd
Cost: USD 0.6 MM
Income Tax: $9.28
Capex: $4.05
Pemex Share: $4.55
Vertical Well
EUR: 160 kboe
IP30: 107 boepd
Cost: USD 1.8 MM
(1) Assumes Brent pricing of US$80 per bbl, natural gas sales pricing of US$4.75 per mcf, and gas represents approximately 20% of total production.
(2) See Oil and Gas Information and Non-GAAP Measures, on page 2.
18. 18 Summary Fiscal Terms
▪ Working interest: PDVSA 60% – Goldpillar 40%.
▪ Royalties:
▪ Oil: 20% of revenues, with additional royalty of 3.33%.
▪ Associated gas: Base oil royalty, at a price of USD 0.94 per MMBTU.
▪ Windfall tax: 14 – 66.5%, depending on oil price.
▪ Special taxes:
▪ Surface tax: USD 2 per km2 of unproductive land.
▪ Self-consumption tax: 10% of the value of hydrocarbons consumed
in operations.
▪ Extraction tax: 20% of the value of all liquid hydrocarbons extracted
from an oil field. Price capped at USD 70 per barrel. Royalties are
deductible.
▪ Export registry tax: 0.1% of the value of all hydrocarbons exported
from a national port. Price capped at USD 70 per barrel.
▪ Contributions: (a) National Anti-Drug Fund, 1% over the annual profit; (b)
National Fund for the Development of Sport, Physical Activity, and
Physical Education, 1% over the annual profit; and (c) National Fund for
Science, Technology, and Innovation, 1% over the monthly gross income.
▪ Income tax: 50%.
▪ Shadow tax: Ensures government take is at least 50% of oil and gas
revenues.
Goldpillar (Vencupet E&P, Venezuela)
▪ Profit-sharing contract:
▪ Base case: 88% Operator – 12% Pemex.
▪ Adjustment of profit-sharing percentages based on oil price.
▪ Royalties:
▪ On production: Varies depending on the different components
present in the hydrocarbon produced.
▪ Oil: Range between 7.50% and 9.25% + USD 1.50 per barrel.
▪ Gas: Ranges between 1.60% and 5.00%.
▪ On area: USD 440 per km2 per month.
▪ Special Taxes:
▪ Share profit rights (DUC): 54% of “Monthly gross revenue” less
“Deductions”. Deductions comprises a portion of Capex, Royalties,
and 100% Opex and Pemex labor costs, and cannot exceed 60% of
“Monthly gross revenues”.
▪ Land use (UYOS): Between 0.50% and 2.00% of “Monthly gross
revenue” less “Royalties” and DUC.
▪ Income tax: 30% (unlimited carry forward).
▪ Employee participation in profits (PTU): 10%.
Soledad (Mexico)
19. 19 Compelling Valuation
▪ F.D. NAV of CAD 3.85 per share represents a 542% ROI on May
13, 2024, share price of CAD 0.60.
▪ Operated profit-sharing contracts with large NOC’s create an
exceptional opportunity for investors to participate in unique
resource development.
▪ Initial operated profit-sharing agreements already resulting in
advanced discussions on additional resource development
opportunities.
Net Present Value USD CAD
NPV10 – Goldpillar $223.4m $301.9m
NPV10 – Soledad $199.4m $269.5m
Total NPV10 $422.8m $571.4
Basic NAV / Share $3.39 $4.58
F.D. NAV / Share $2.85 $3.85
Capital Structure – 2024 Net Asset Value(1)(3)
Highlights Additional Upside
(1) Based on a currency exchange rate of 0.74 USD/CAD.
(2) ITM Dilutives include 12.2m warrants with an exercise price of $0.45 and 11.5m options with an average exercise price of $0.51.
(3) See Oil and Gas Information and Non-GAAP Measures, on page 2.
Capital Structure(1)(2)
USD CAD
Share Price ($/share) $0.44 $0.60
Basic Shares O/S (mm) 124.7 124.7
ITM Dilutives (mm) 23.8 23.8
Fully Diluted Shares O/S (mm) 148.5 148.5
Market Capitalization ($mm) $55.4 $74.8
(+) Net Debt (Cash) ($mm) ($24.5) ($33.1)
Enterprise Value ($mm) $30.9 $41.7