Presentation - Niko Resources
Presentation - Niko Resources
Presentation - Niko Resources
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Stalking the Prize<br />
Capturing the Reward
Forward Looking Statements<br />
This presentation may contain "forward-looking statements" about our expectations,<br />
beliefs, plans, objectives, assumptions or future events or performance. These<br />
statements include, among others, statements regarding our future financial position,<br />
strategy, reserves, projected levels of capacity and production, projected costs and<br />
estimated expenditures. These statements are often, but not always, made through the<br />
use of words or phrases such as "will likely result", "are expected to", "will continue",<br />
"anticipate", "believe", "estimate", "intend", "plan", "project", "would" and "outlook".<br />
These forward-looking statements are not historical facts, and are subject to a number<br />
of risks and uncertainties. Certain of these risks and uncertainties are beyond <strong>Niko</strong>'s<br />
control. Accordingly, <strong>Niko</strong>'s actual results could differ materially from those suggested<br />
by these forward-looking statements for various reasons discussed throughout <strong>Niko</strong>'s<br />
current Annual Information Form, and particularly in the section entitled "Risk<br />
Factors".
Unique Deep Water Sea seep Technology<br />
300,000 km multi-beam program
Hydrocarbon seepage supports<br />
chemosynthetic communities on the seafloor,<br />
which increases the backscatter.<br />
With high resolution multibeam, we can identify<br />
potential seep targets on the seafloor.
From the Seafloor and Geochemistry to the 3D and the Prospect…
Indonesian Blocks
Indonesian Portfolio<br />
20 Blocks within or adjacent to proven hydrocarbon<br />
basins<br />
3 rd Party “best estimate” of in-place volumes on first four<br />
blocks exceeds 13.4 billion boe<br />
Exxon, Marathon, Repsol, Statoil, Hess, ENI and GdF<br />
have farmed in on 11 blocks<br />
Greater than 20 high impact prospects identified for <strong>Niko</strong><br />
drilling program
Indonesian Blocks
3rd Party<br />
Prospective<br />
Resource for:<br />
North Makassar<br />
Straight<br />
SE Ganal<br />
West Sageri<br />
Makassar Strait Portfolio<br />
North Ganal<br />
Jangkrik<br />
Northeast<br />
1 & 2<br />
Jangkrik<br />
1, 2 & 3<br />
West<br />
Sageri<br />
Eni<br />
LEGEND<br />
NIKO Operation Blocks<br />
Other Active PSCs<br />
SE Ganal-1<br />
Talisman<br />
Lempuk 1<br />
North<br />
Makassar<br />
Strait<br />
ExxonMobil<br />
ConocoPhillips<br />
Statoil<br />
Marathon<br />
Kaluku 1<br />
Bone Bay<br />
South Matindok
3rd Party<br />
Prospective<br />
Resource for:<br />
Kofiau<br />
LEGEND<br />
Obi<br />
NIKO Operation Blocks<br />
Other Active PSCs<br />
Halmahera II<br />
Halmahera-<br />
Kofiau<br />
West Papua Portfolio<br />
Kofiau<br />
East Bula<br />
Salawati<br />
Oil Field<br />
Seram<br />
Lengkuas 1<br />
Murphy<br />
SE Seram<br />
Hess<br />
Kumawa<br />
Cendrawasih Bay II<br />
Cendrawasih Bay III<br />
Tangguh<br />
Gas Field<br />
17 TCF Cendrawasih<br />
Andalan 1<br />
West<br />
Papua IV<br />
Cendrawasih Bay IV
3 rd Party Prospective Resource<br />
Reports on Four Blocks<br />
Best Estimate<br />
Recoverable (mmboe)<br />
Block <strong>Niko</strong> Share<br />
Value/Share to<br />
<strong>Niko</strong> If<br />
$5.00/boe<br />
Indonesia<br />
Midpoint<br />
Risk Factor<br />
SE Ganal 2,890 2,890 $289.00 14%<br />
N. Makassar 407 122 $12.20 21%<br />
West Segari 549 549 $54.90 23%<br />
Kofiau 787 453 $45.30 17%
2.5 million<br />
extremely<br />
prospective<br />
acres<br />
Adjacent to<br />
infrastructure<br />
2.5 trillion<br />
cubic feet<br />
already<br />
discovered in<br />
5(c)<br />
NCMA 2<br />
NCMA 3<br />
Guayaguayare<br />
Block 2(ab)<br />
M/G<br />
Block<br />
Trinidad<br />
Block 4(b)<br />
Block 5(c)
Block 2(ab)<br />
10.5 ma SB - time structure<br />
STALIN<br />
location<br />
Block 2(ab)<br />
SHADOW<br />
location
Rowan Gorilla III
Central Range<br />
Base Tertiary Unconformity<br />
time structure
Guayaguayare
GUAYAGUAYARE BLOCK<br />
SCHEMATIC CROSS SECTION ILLUSTRATING<br />
PLAY TYPES<br />
Onshore<br />
Guayaguayare<br />
CRETACEOUS & HERRERA SANDS<br />
N Deep Targets : Cretaceous and Herrera sands<br />
S<br />
Herrera<br />
Sands<br />
ME-15<br />
(1954)<br />
Tested Oil<br />
in Cretaceous<br />
Reservoirs<br />
Offshore<br />
Cruse<br />
and<br />
PROSPECT : DEEP BEACH<br />
Shallow Targets : Lower Cruse and Forest sands<br />
Forest<br />
Pliocene<br />
Deltaic<br />
Cretaceous<br />
Lowstand<br />
Sands<br />
10.5 M.Y. unconformity<br />
65 M.Y. unconformity<br />
Surface<br />
Lowstand<br />
Fans<br />
GUAYAGUAYARE BLOCK<br />
Schematic Cross-Section<br />
Cross section<br />
Illustrating Play Types<br />
Author : E. Fong<br />
Scale : 1 : 300,000<br />
February 2011<br />
figure 16 - guay.cdr
Guayaguayare Oil Seep
NCMA 2<br />
NCMA 2 & 3 Blocks<br />
NCMA 3<br />
NCMA 4 - Centrica<br />
NCMA 2 and 3 Blocks<br />
Mid Pliocene - amplitude<br />
and gas fields
NCMA streamer 3D<br />
joint survey with Centrica<br />
NCMA 2<br />
NIKO<br />
NCMA 4<br />
CENTRICA<br />
NCMA 2 & 3 Blocks<br />
CENTRICA<br />
NCMA 3<br />
NIKO 3D Survey<br />
Total Joint Survey 4,600 km²<br />
NIKO’S Portion 2,900 km²<br />
Survey commenced – Sept 6, 2011
Conceptual Development - Block 5c<br />
Endeavour - 2 wells
Block 5c
D6 – Future Development<br />
Integrated development plan<br />
includes all satellites and R1<br />
complex<br />
Potential for gas price<br />
increase<br />
Gas Development<br />
Oil Development
NEC 25<br />
2.4 million acres<br />
10% working interest<br />
3D SEISMIC<br />
AJ10<br />
AJ11<br />
AJ12<br />
AJ9<br />
BAY OF BENGAL<br />
15 exploration<br />
successes<br />
Many additional<br />
exploration prospects<br />
0 10 20 30 40 50<br />
Kilometers
4.2 million acres<br />
4400 km. of 2D and 3500<br />
sq. km. of 3D seismic<br />
completed<br />
3 well drilling program<br />
D4 Block
Bangladesh<br />
Current net production<br />
60 mmcf/d<br />
KOLKATA<br />
DHAKA<br />
BAY OF BENGAL<br />
BLOCK 9<br />
FENI<br />
CHATTAK
209,000 acres<br />
Operator with<br />
49% interest<br />
Prospective<br />
recoverable<br />
resource of up<br />
to .7 billion<br />
bbls<br />
Qara Dagh Block - Kurdistan<br />
Iraq Oil and Gas Fields<br />
Oil<br />
Gas<br />
Oil and Gas<br />
KNOC<br />
Westernzagros
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
-<br />
Average Production MMCFE<br />
F2009 F2010 F2011 F2012<br />
D6, 10%<br />
All Other, India/Block 9
$ (Millions)<br />
400<br />
300<br />
200<br />
100<br />
-<br />
F2009 F2010 F2011 F2012<br />
Operating Cash Flow<br />
D6, 10%<br />
All Other, India/Block 9
Operating Cash Flow Sensitivities<br />
MM USD/Year<br />
F2012 per forecast $279<br />
Increment if volume increases from 1.58 bcf/d to<br />
2.10 bcf/d<br />
Increment if gas price increased from $4.20 mmbtu<br />
to $8.00 mmbtu<br />
71<br />
253<br />
$603
Financial Capability<br />
As of December 31, 2011<br />
$86 million cash<br />
No debt<br />
$250 million available credit<br />
facility<br />
F2013 exploration capital<br />
projected at $160 million
Conclusion<br />
Greater than 30 high impact<br />
exploration wells to be drilled
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