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TSX - V: MNP
OTCQB: MNAP
www.mnppetroleum.com
MNP Petroleum
Company Presentation
September 2015
2
Disclaimer
This Presentation contains forward‐looking statements. Forward‐looking statements are projections of events, revenues, income, expenses, future economic performance or management's plans and objectives for future operations. In some cases you can identify forward‐looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. Forward-looking statements in this Presentation include those concerning the company’s plans to drill new wells in 2015, including the cost and timing of those wells, the nature, timing and cost of a work program for the producing asset in Tajikistan, and the existence and quantity of prospective and contingent resources on its properties. While these forward‐looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of MNP’s business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this presentation. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks presented by the availability of working capital, field conditions and the risks described in MNP’s disclosure documents filed on SEDAR and with the U.S. Securities and Exchange Commission, copies of which are also available on MNP’s website. Any of these risks could cause MNP’s or its industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward‐looking statements in this presentation. Except as required by applicable law, including the securities laws of the United States and Canada, MNP does not intend to update any of the forward‐looking statements to conform these statements to actual results. Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable or possible reserves that are anticipated to be economically and legally producible by application of development projects to known accumulations. We use certain terms in this Presentation, such as Prospective Resources and Contingent Resources, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our filings on the SEC’s EDGAR database at http://www.sec.gov/edgar.shtml. This Presentation contains information about adjacent properties on which we have no right to explore or develop. We advise investors that the SEC’s guidelines strictly prohibit information of this type in documents filed with the SEC. Investors are cautioned that oil and gas reserves on adjacent properties are not indicative of oil and gas reserves on our properties.
3
WHO WE ARE
MNP is changing from Exploration to Exploration & Production
Focus in Central Asia for:
• Exploration
• Production
Diversified asset portfolio in a basin with proven petroleum system
• Low and medium risk plays
• Shallow and deep targets (100 m to 5000 m)
4
MNP’s Assets
Country E & P Operator Working Interest Blocks/Fields Gross Acreage
(000’s acres)
Tajikistan Exploration Somon Oil 90 % 2 759
Tajikistan Production Petroleum Sugd 37 % 10 62
5
Focus: Fergana Basin
Exploration
• 3074 sqkm acreage (759 000 acres)
• 1310 km 2D seismic acquired to date
• Commencement of drilling end Q4 2015
Production
• 10 producing fields
• Redevelopment and rehabilitation
• Upside: appraisal/development, exploration
50 km
Exploration licenses
LEGEND
Oil and Gas fields
Producing areas
(Redevelopment, rehabilitation,
appraisal/development, exploration)
6
Exploration in Fergana Basin
Tajikistan
7
Exploration: Key Wells
North western License
Western License
Oil and Gas fields Leads/Prospects
Kayrakkum (downdip of Niazbek field)
TD: 5200 m; TVD: 5050 m
Analog: Niazbek-Karakchikum field
West Supetau (exploration)
TD: 4500 m; TVD: 3550 m
Analogues: Mingbulak and Mahram fields
Mahram (extension)
TD: 5300 m; TVD: 4900 m
Somon 2011/12 Acquisition
Somon 2010 Acquisition
Somon 2007 Acquisition
Non Somon Acquisition
2011/12 Acquisition
2010 Acquisition
2007 Acquisition
Earlier Acquisition
Exploration licenses
LEGEND
Redevelopment Project
Oil and Gas fields
20 km
8
Exploration: Kayrakkum Prospect
Target depth 4700–5000 m, TD: 5200 m
Analog: Niazbek-Karakchikum field
Paleogene
reservoirs
Paleogene
Primary
targets
50 km
Kayrakkum
Niazbek-
Karakchikum
Exploration licenses
LEGEND
Redevelopment Project
Oil and Gas fields
9
Exploration: West Supetau Prospect
Target depth 3800 – 4200 m; TD: 4500 m
Analog: Mingbulak and Mahram
• Closest production from same reservoir in Mingbulak (>250 MMBOE reserves)
• Closest discovery in same reservoir, however, only partly developed: Mahram
Line FESN 10B-03
N S
Pg
Pz
Msg1
Msg2
Russian well,
did not reach
Paleogene targets
Exploration licenses
LEGEND
Redevelopment Project
Oil and Gas fields
Mingbulak
West Supetau
Mahram
10
Exploration Resources
Proven petroleum systems
• Bordering producing fields as analogues
Unrisked Prospective Resources (Gross / MNP working interest 90%)
Licenses OOIP
Mean MMBO
Prospective Resources
Mean MMBOE
Northwestern 1,036.8 286.2
Western 544.9 277.5
Total 1,581.7 563.7
Unrisked Contingent Resources*(Gross / MNP working interest 90%)
Licenses OOIP
Mean MMBO
Contingent Resources
Mean MMBOE
Northwestern 137.5 31.5
Source: 51-101, effective January 10, 2014
* Contingent Resources are defined as follows: «Contingent Resources are defined as those quantities of oil and gas estimated on a given date to be
potentially recoverable from known accumulations but are not currently economic.»
The contingencies associated with these resource estimate are that although production from Mahram field is on the same apparent structure, large expenditures are required to
develop the resource and get the oil to market, and to establish with confidence commerciality of future development.
11
Exploration Project Terms
Production Sharing Agreement (PSA)
• Terms confidential
• No royalty
• 100 % cost recovery
• No profit tax
• No export limitations
• Exploration phase expires July 2017 respectively July 2016
Extension of Initial Exploration Period of each license is possible
• 30 years development and production period plus two extensions of 5 years each
Project Costs
• Drilling cost per exploration well: about USD 25 million
• Seismic acquisition costs up to date: about USD 15 million for 1310 km 2D
12
Conclusion Exploration Fergana Basin
Licenses:
• Connected and forming one large area
• Modern seismic acquired 2008 - 2012
• Prospects and leads defined
• Three drill ready prospects:
First well: Kayrakkum B, down dip of oil and gas field Niazbek
Expected spud end Q4 2015
Analogues:
• Fields at the edge of the basin: Tajikistan and Kyrgyzstan
• Fields at the center of the basin: Uzbekistan and Tajikistan
Part of structures in Tajikistan were known during Soviet Union time; all drilled valid
structures were filled; however, all drillings on subsalt structures failed due to
technology and project management
13
Production in Fergana Basin
Tajikistan
14
Location of Producing Fields
• 10 producing fields
• 2P reserves: 30+ MMBO
• Production 2014: 210 bopd
• Fields run down due to lack of:
technology
investment
• Redevelopment and rehabilitation
• Upside:
appraisal & development
exploration
• Royalty type contract
Royalty: 6%
Corporate Tax: 15%
Licenses valid until 2022 plus extension
Fields and Licenses
West Supetau
prospect
Kayrakkum
prospect
North Western License
Western License
Oil and Gas fields
Leads/Prospects
20 km
Mahram
appraisal
50 km
Exploration licenses
LEGEND
Redevelopment Project
Oil and Gas fields
15
Producing Fields
Ng
Msg
Pg K
Pz
Deep Fields Intermediate Fields
Hanging Wall Reservoir
Shallow Field Alignment
Footwall Reservoir
N S
500m
0
500m
1000m
1500m
2000m
2500m
3000m
3500m
Oil and Gas fields
Leads/Prospects Fields and Licenses
N
S
16
Production Potential
0
5
10
15
20
25
30
35
40
0
10'000
20'000
30'000
40'000
50'000
60'000
70'000
80'000
Oil P
rod
ucti
on
Ra
te (
STB
pe
r Y
ea
r)
Oil Production Rate (STB per Year) vs. Time
1964
196
9
197
4
197
9
198
4
198
9
1994
1999
2004
2009
Nu
mb
er
of
acti
ve
we
lls
Increase production through:
proper maintenance including investment in
new equipment
• Starting with current active wells
• Using shut-in and abandoned wells (totally
230 wells had produced with initial rates up
to about 3500 bopd)
Redevelopment of fields
Appraise and full development of partially
developed field
Exploring missed extensions (blocks)
Sell oil production locally for competitive
price in comparison to import price of low
sulphur crude
17
Conclusion Fergana Basin
Exploration:
• Resource potential Fergana Basin of 4 BlnBO (EIA, USGS);
Of which 75 % yet to be discovered
• two exploration areas near producing fields
Proven petroleum system
Subsalt plays at center of basin
Fault related structures at the edge of the basin
Production
• bordering the exploration blocks
• Infrastructure available
• Current production sold locally
• Infrastructure to export available
Exploration & Production in one large area
• Efficient exploration, appraisal and development with reduced risk
18
Financial
19
Capital Structure
Exchange TSX Venture OTCQB
Symbol MNP MNAP
Market Capitalization CAD 7.5 million USD 6.2 million
Stock Price (Sept. 15, 2015) CAD 0.045 USD 0.04
52 Week Range CAD 0.04 – CAD 0.19 USD 0.02 – USD 0.17
Common Shares (outstanding) 172,592,292
Options (avg. strike price USD 0.24) 12,300,000
Common Shares (fully diluted) 184,892,292
Insider Ownership 22%
20
Summary
MNP is changing from Exploration to Exploration & Production
Exploration acreage in Fergana Basin, Tajikistan
• Proven Petroleum System
• High potential prospects
• 3 drill ready prospects
o First well: end of Q4 2015
Producing assets in Fergana Basin, Tajikistan
• Rehabilitation
• Redevelopment
• Exploration
Diversified Asset Portfolio
Exploration acreage with different risks
Producing assets
Contact Information:
MNP Petroleum Corp. Dr. Werner Ladwein, CEO & President
Bahnhofstr. 9, P.O. Box 1259, Peter-Mark Vogel, CFO & Corporate Secretary
CH-6341 Baar, Switzerland
Tel: +41 44 718 10 30 Email: info@mnppetroleum.com
Fax: +41 44 718 10 39 Website: www.mnppetroleum.com
(TSX-V: MNP; OTCQB: MNAP)
22
APPENDIX
23
CORPORATE STRUCTURE
MNP Petroleum
Corporation
(USA)
Manas Management Service Ltd.
(Bahamans)
100 %
Manas Petroleum AG
(Switzerland)
100 %
DWM Energy AG
(Switzerland)
100 %
74 %
DWM Petroleum AG
(Switzerland)
CJSC Somon Oil
Company
(Tajikistan)
Gobi Energy
Partners GmbH
(Switzerland)
Gobi Energy
Partners LLC
(Mongolia)
100 %
90 %
TF Petroleum AG
(Switzerland)
Petroleum Sugd
(Tajikistan)
65 %
100 %
EPA.at Beteiligungsgesellschaft
mbH
(Austria)
57.42 %
24
Management Team
Werner Ladwein
Chief Executive Officer & President
• Former Head of Exploration and Research of OMV; CEO of various
international operations with OMV; E&P Executive Director Petrom
and member of the Board; Director of several private corporations
• +30 years experience in the oil & gas industry
• MBA, PhD in Geology and Mineralogy
Peter-Mark Vogel Chief Financial Officer &
Corporate Secretary
• Founding Partner of MNP, Director of several private corporations
• Investment banking and asset management experience at various
Swiss and foreign banks
• MBA and CFA
Traian Rabagia Senior E & P Advisor
• MD Danubian Energy
• 15 years experience in industry, oil and gas companies (Amromco
LLC) as well as service industry (Schlumberger)
• Master of Science in Petroleum Geology
25
Board of Directors
Heinz Juergen Scholz
Chairman of the Board
• Founder of MNP
• Plays a critical role in targeting, appraising and acquiring the rights
to major oil and gas assets in the FSU
• Experienced in construction of factories and telecommunication
networks in the FSU
Werner Ladwein
CEO & President
• Former Head of Exploration and Research of OMV; CEO of various
international operations with OMV; E&P Executive Director Petrom
and member of the Board; Director of several private corporations
• +30 years experience in the oil & gas industry
• MBA, PhD in Geology and Mineralogy
Richard Schenz
Director
• Former CEO of OMV from 1992 – 2001
• Vice President of the Austrian Federal Economic Chamber;
President of the Austrian Chapter of the International Chamber of
Commerce
• Former Chairman of the Austrian Commission for Corporate
Governance
• PhD in Technical Physics
26
Board of Directors
Darcy Spady
Director
• Current Director of Client Solutions for Sanjel Canada and Director
of the Society of Petroleum Engineers (SPE) International.
• Board Chair for Green Imaging Technologies Inc.
• Past Managing Director of St. Brendan’s Exploration Ltd. (Triana
Energy/Columbia Natural Resources).
• Former CEO of TSX listed Contract Exploration, and COO of
Petroglobe Inc.
• Has held various positions in the Schlumberger organization.
• Bachelor of Science in Petroleum Engineering and P. Eng.
certification.
Michael Velletta
Director
• Director of several public companies
• Founding Partner of the law firm Velletta & Company
• Governor of the Trial Lawyers Association of British Columbia, and a
member of the Canadian Bar Association, Association of
international Petroleum Negotiators and the International Institute
of Business Advisors
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