Shona fact sheet july 31, 2012 [compatibility mode]
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Transcript of Shona fact sheet july 31, 2012 [compatibility mode]
TSX-V SHOOTCQX SHOAFPrice as of July 31, 2012 (in CAD) $0.33Shares Outstanding 232,675,283Market Capitalization (in CAD) $76.8 million52 Week Range (in CAD) $0.20 – $0.750
Shona is an international oil and natural gas exploration, development and production company focusing on South America, specifically Colombia and Peru. The Company holds interests in the operated Esperanza block located in Colombia’s Lower Magdalena Basin; the Serrania Los Picachos and Macaya Blocks in
Investment Highlights
• One producing gas block and three oil exploration
Lower Magdalena Basin; the Serrania, Los Picachos and Macaya Blocks in Colombia’s Caguan Basin; and Block 102 in Peru’s Maranon Basin.
p g g pblocks in Colombia and one oil exploration block in Peru
• Production with stable cash flow - delivering a total of 14.0 million cubic feet per day (mmcfd) of firm gas sales under current contracts, increasing to 15.5 mmcfd firm in January 2014.
• Daily production capacity of 25 mmcfd with current y p p ywells, increasing to over 45 mmcfd with additional development of existing assets
• Fully funded development program with favorable economics
• Oil prospects on trend, or in proximity to, existing production
Corporate Strategy
• Acquire additional sales contracts for existing gas capacity on the Esperanza Block
• Increase value of existing blocks through drilling of identified prospects and subsequent development
• Seek additional assets on trend, or in proximity to, existing production, with low development costs and attractive fiscal terms, utilizing current cash flow for funding
• Fiscally responsible allocation of capital
Esperanza Block (Colombia)• 100% owned and operated by Shona’s
Serrania Block (Colombia)
• Shona: 37.5%, Hupecol (Operator): 50%, Houston American Energy: 12.5%
• 100% owned and operated by Shona ssubsidiary, Geoproduction; 60,002 acres
• 95 BCF 2P and 173 BCF 3P Net Reserves
• High value gas delivery contracts increasing over next 3 years
• 103 km2 of 3-D seismic and 14 km of 2-D seismic recently completed
• 110,769 gross acres; 41,538 net acres
• Targeting Mirador formation – Capella Field (seven miles south) has potential recoverable reserves of 200 MMBLS of 10-20° oil
• Fault trap look-alike to Capella Field and very large four-way closure
seismic recently completed• Exploration drilling commencing 2013
Los Picachos & Macaya Blocks (Colombia)
• Shona: 37.5%, Hupecol (Operator): 50%, Houston American Energy: 12.5%
• 248 025 gross acres; 93 0089 net acres• 248,025 gross acres; 93,0089 net acres
• Two fault trap prospects on Los Picachos and Macaya concessions
Management
James L. PayneChairman, CEO &
Board of Directors
James L. Payne
Ted M. Anthony
Block 102 (Peru)
• Shona: 36.5%, Pluspetrol (Operator): 51%, Andean Oil and Gas: 12.5%
Co-Founder
John R. WomackPresident & Co-Founder
Larry D. LeavellChief Operating Officer
Michael S. WilkesCFO and Controller
Shetal MentlewskiVP f Ad i i t ti &
y
Gregory D. Elliott
Edgar G. Hotard
Gary R. Petersen
Jordan R. Smith
Contact Information
675 Bering Drive, Suite 300Houston, Texas, 77057
• 313,023 gross acres; 114,253 net acres
• Exploration focus on trend with higher reserve potential
• Offsets large infrastructure with oil pipeline
VP of Administration & Legal; Corporate Secretary
David K. GianTreasurer
Ricardo MendietaVP, Colombia
Houston, Texas, 77057Phone: (713) 622-8809Fax: (713) 622-4431