local ownership, global expertise - bluestar …...an indigenous company led by global expertise 5...
TRANSCRIPT
Local Ownership, Global Expertise
Disclaimer
The information contained in this presentation does not purport to be all-inclusive. Blue Star Exploration Ghana Limited(“Blue Star”) makes no representation or warranty as to the accuracy or completeness of this information and shall not haveany liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, thisinformation or any other written or oral communications transmitted to the recipient in the context of this presentation.
This presentation may include certain statements and estimates provided by Blue Star with respect to the projected futureperformance of Blue Star. Such statements, estimates and projections reflect various assumptions by managementconcerning possible anticipated results, which assumptions may or may not be correct. No representations are made as tothe accuracy of such statements, estimates or projections.
This presentation and the information contained in this document are confidential and may not, directly or indirectly, bereproduced, forwarded to any other person or published, in whole or in part or disclosed by recipients to any other person orused for any purpose other than the purpose for which it was distributed.
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An Indigenous Exploration and Production Company
• Blue Star Exploration Ghana Limited (“BE” or the“Company”) is an independent indigenous GhanaianExploration and Production company.
• Management team is comprised of 75% Ghanaians. TheGhanaian management team have more than 20 years ofcombined UPSTREAM oil and gas experience, covering 15jurisdictions and $25bn of capital investment.
• BE successfully applied for and agreed petroleumagreements with the Government of Ghana for two contractareas in 2014.
• Partnered with Heritage Oil Ltd, at the time a company listedon the London Stock Exchange. BE led the sub-surfaceanalysis and commercial negotiations with the Governmentof Ghana required to identify and secure the PetroleumAgreements.
• BE is the only indigenous company approved as an operatorin an offshore licence in Ghana.
• BE aspires to be a leading independent African Explorationand Production Company.
• To achieve its aspirations, the Company is actively seeking toadd to its current portfolio with assets in the West Africanregion and also explore other parts of the oil and gas valuechain
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Ivory
Coast
Kenya
Ethiopia
Sudan
Egypt
NigerMauritania
Mali
NigeriaSomalia
Namibia
Libya
Chad
South Africa
Tanzania
Zaire
Angola
Algeria
Angola
Madagascar
Morocco
Mozambique
Botswana
Zambia
Gabon
Central African
Republic
Uganda
Swaziland
Malawi
Burundi
Togo
BeninGhana
Liberia
Sierra
Leone
Guinea
BurkinaGambia
Cameroon
Zimbabwe
Congo
Western Sahara
Djibouti
Senegal
Guinea Bissau
Lesotho
Asset Country
Country of Interest
Our Strategy
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Skilled People
Local Partners
Value Creation
Skilled IndividualsBlue Star has a credible management team with tangible USP. At this current stage, BlueStar is highly commercially driven. Leveraging technical and sub-surface excellence toadd commercial value at every stage of the business cycle.
Local PartnershipsBlue Star’s model requires working closely with local partners with good on the groundknowledge. Working within local partnerships creates opportunities and value withintheir respective jurisdictions. Blue Star’s model seeks to deliver substantial value toindigenes through a share of opportunities.
Exit/MonetizationThrough various stages of our assets, Blue Star evaluates possible exit or monetizationopportunities that deliver maximum shareholder value.
An indigenous company led by global expertise
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UK Southern North SeaInfrastructure access
agreements, mergers and acquisition.
Norway - Exploration and Development, Cross border infrastructure
access.
Kazakhstan - Large scale (multiple billion barrel)
Joint operating company, onshore production and
development
Malaysia - LNG gas to liquids and power
Indonesia - LNG divestment and
upstream exploration.
Iraq - Political advisory and policy
development
Trinidad - PSC negotiation, LNG and upstream
infrastructure development
Brazil - Downstream tariff negotiation, new country
entry, bidding rounds
Egypt - PSC negotiation, Upstream exploration and
development, Multiple train LNG
UK Central North Sea-Brownfield operations and
development, Gas/Condensate and
Ghana - 2 major upstream deepwater developments, multiple PA negotiation,
M&A transaction advisory
The Ghanaian Management team’s experience covers the entire spectrum of an oil and gas project life-cycle from exploration to abandonment
Blue Star Exploration in Ghana
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• BE owns participating interests in the East Keta(“EK”) and Offshore Southwest Tano (“OSWT”)blocks.
• BE holds material equity positions in both blocks(>33%).
• EK and OSWT were awarded in July 2014,Petroleum Agreements are now effective.
• The Contractor Group for the EK and OSWT blocksare Heritage Oil Limited, GNPC Exploration andProduction Company Limit and BE.
• Blue Star is fully funded for its share of the workprogrammes pertaining to the OSWT and EKblocks.
• The EK and OSWT blocks will be operated based onthe model of a Joint Operating Company (“JOC”).
• The EK and OSWT Contractor Group haveincorporate an operating company with GNPC tooperate the blocks.
• The JOC will be key to BE and the other membersof the Contractor Group’s development objectivesfor Ghana.
Offshore Southwest Tano Block - Overview
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Participating Interest and Operator
Blue Star ExplorationOperator
39.6%GOSCO
Work Programme
3D Seismic Reprocessing1 Obligatory WellWater Depths – 1200 – 1800 meters
Asset Overview
• Deepwater acreage located adjacent Jubilee Field with existing infrastructure in place.
• Prospects already identified by legacy 3D
• Production from a discovery may be accelerated due to the existence of infrastructure near by.
East Keta Block - Overview
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Participating Interest and Operator
Blue Star ExplorationOperator
39.6%GOSCO
Work Programme
3D Seismic acquisition2D data reprocessingWater Depths – 2000 – 3500 meters
Asset Overview
• Deep water, located on border with Togo
• Opportunity to open up a significant new basin in Ghana
• Low cost seismic option during first exploration period
