Hydrocarb Energy 2014

Transcription

1 Hydrocarb Energy 2014

2 Forward-Looking Statements This presentation contains certain forward-looking statements regarding activities that Hydrocarb Energy Corporation (HEC) plans, projects, or anticipates will or may occur in the future. The forward-looking statements are based on management s belief, based on currently available information, as to the outcome and timing of future events. HEC cautions that forward-looking statements regarding its future natural gas and liquids production are subject to risks and uncertainties including, oil and natural gas price volatility; HEC s access to capital to fund its expenditures; fluctuations in production; environmental, drilling and operating risks; regulatory changes; the uncertainty inherent in estimating future oil and gas production or reserves; and other risks as described in reports that HEC files with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Any of these factors could cause HEC s actual results and plans to differ materially from those in the forward-looking statements.

3 Hydrocarb Management Board of Directors Kent P. Watts Chairman Pasquale V. Scaturro Director Paul Schillmoller Ind. Director S. Chris Herndon Ind. Director Byrd Larberg Ind. Director Management Pasquale V. Scaturro CEO Chuck F. Dommer President/COO Craig Alexander VP Operations Tobie Aupindi VP New Ventures

4 Key Management Pasquale Scaturro, Chief Executive Officer Geophysicist/Geologist - 34 years technical and managerial experience in worldwide oil and gas exploration and development includes Africa, Russia, Asia, South America including Turkey, Israel, Siberia, Republic of Georgia, Azerbaijan, Iraq, Pakistan, Ethiopia, Guinea, Somalia, Tunisia, Namibia, and Sudan. Worked with Amoco, McMoRan Oil and Gas, Maxus Energy Corporation, Deminex, Arco, Hunt Oil, Frontera Resources and others. Founder and owner of Seismic Specialists, US Seismic and Tricon Geophysics. Chuck Dommer, Vice President Exploration & Production Geologist/Geophysicist - 35 years worldwide oil and gas exploration and development geophysicist with over 35 years in international and domestic oil and gas exploitation, exploration, and acquisitions. Chief Geologist, for the LUKOIL-AIK in Siberia and managed operations for three multi-billion barrel Western Siberia fields under exploitation, drilling 60+ wells/year. Worked in Texas, New Mexico, Rocky Mountains, Canada, Eastern U.S., Borneo, Myanmar, Russia, Ingushetia, Kazakhstan, Ukraine, Georgia, Azerbaijan, Romania, Poland, Suriname, Peru, Venezuela, and Namibia

5 Capital Structure Shares Outstanding Market Capitalization as of Management and Affiliates Warrants and Options Fully Diluted Shares Outstanding 62.7 million $ million 55.4 million 4.8 million* 67.5 million * Average exercise price of all options and warrants approximately $2.50

6 Closing Price Stock Performance (OTCQB: HECC) Recent closing price: $2.30 (March 7, 2014) Months

7 The following summarizes corporate goals and strategy for the medium-term future, or the next one to two years. In our Domestic Production Business: o Significantly grow Hydrocarb s oil and gas production in 2014 o Acquire additional onshore and offshore assets o Utilize these assets to grow our international efforts In our International Exploration Business: o o Our Vision Increase the value of our Namibia exploration concession Add 2 impactive world class exploration concessions in the East African Rift Play In our Middle East Oil Field Services Business: o Commence operations of our Abu-Dhabi based oil-field services company o Obtain significant cash flow from new contracts o Share in the modernization of the oil and gas infrastructure in the UAE and neighboring OPEC producing countries.

8 Worldwide Operations Texas UAE (Abu Dhabi) Namibia Domestic US Oil and Gas Production International Exploration UAE Services Oil and Gas Field

9 Domestic Production GALVESTON BAY, TEXAS

10 Offshore Galveston Bay 18,850 Acres Held by Production (HBP) Discovered by Exxon in s Total Cumulative Production: 25 Million Barrels Oil, 1.0 TCF Gas Total Wellbores: 140 Currently Producing: 30 Wells to be Worked Over: 18 Current Production: 300 boepd $6MM Revenue/year 2nd Qtr Production Goal: 400 boepd $8MM/year anticipated Revenue

11 Offshore Galveston Bay 18,850 HBP Acres Newly acquired 3D Seismic 50 wellbores under technical evaluation for potential workover 15 Frio horizons to be re-evaluated Deep Yegua and Big Sand Plays moving into the area Several exploration projects in development Infrastructure: First class - rebuilt since Hurricane Ike Rebuilt to withstand Cat 4 Hurricane $15-20 million asset for future exploration plays Incredible asset for future deeper exploration plays

12 Middle East Oilfield Services ABU DHABI, UNITED ARAB EMIRATES

13 ABU DHABI, UNITED ARAB EMIRATES Oil and Gas Services World Class Comprehensive Services License Approved by Supreme Petroleum Council Headquartered in Abu Dhabi, UAE Partnered with Fatima Mana al Otaiba CEO Otaiba United ISO 9001:2008 Certified Abu Dhabi - $100 billion annually in oil revenue Abu Dhabi Will spend $40 billion over five years to increase reserve base

14 International Exploration Owambo Basin Namibia An unexplored high potential onshore African Basin HUGE and UNEXPLORED 21,300 kms²/5.3 million acres --- Size of New Jersey Less than 15% of concession explored to date Existence of light West Texas quality crude oil Outstanding Business Climate & Petroleum Agreement

15 Exploring for WORLD CLASS RESERVES Owambo Basin 1.1 Billion Barrels unrisked inplace oil resource, NSAI Report 295 Million Barrels of Oil (MMBO) unrisked recoverable 26 additional exploration leads from recent aerial gravity survey All five elements, required to have a petroleum system, are present in the Owambo Basin Oponono Prospect 1.1 Billion Barrels of Unrisked In-place Oil

16 2013 Hi-Resolution Aerial Gravity Survey A 1815A Free Air Hill Shaded Residual Gravity OPONONO STRUCTURE 1.1 Billion Barrels Unrisked In-place Oil Resources

17 Owambo Basin Prospective Leads OPONONO STRUCTURE 1.1 Billion Barrels Unrisked In-place Oil Resources

18 AFRICA Prolific East and Central African Rift Ongoing Projects Central African Rift Central Congo Basin Largest Unexplored Basin on Earth Lake Tanganyika Largest Unexplored Rift Lake in Africa

19 Summary Invest in Hydrocarb World-class experienced oil and gas industry management that is highly motivated with significant ownership and personal investment Domestic production that can be enhanced to drive our International opportunities Middle East Oilfield Service Business poised to capitalize on a 40 billion dollar infrastructure program underway by the United Arab Emirates African concession with a Netherland Sewell evaluation reporting as much as 1.1 billion barrels of potential unrisked in-place oil resources