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Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Energy Investments & Management.

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Presentation on theme: "Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Energy Investments & Management."— Presentation transcript:

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2 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Energy Investments & Management

3 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Dale Steinkuehler President and Co-founder Tulsa, Oklahoma, USA

4 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

5 ASHOKA STAMBHA Symbol of Peace and Goodwill Thank You

6 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Today’s Presentation MaxEx Virtual Drilling Power of MaxEx Unique Indian Opportunities India Oil and Gas

7 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech What is MaxEx™? Drill your high-potential prospects first Improve drilling efficiency by up to 24 times Reduce frontier program costs 90% or more MaxEx – Maximize Exploration Results

8 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Proprietary exploration technology that produces a well log without drilling a hole Used for over 20 years Z-Scan Electromagnetic (EM) Survey What is Virtual Drilling ™ ?

9 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Areas of Operation USA Canada Australia Mexico Middle East

10 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Near 100% success rate in detecting the absence of hydrocarbons Approximately 50% success rate in calling commercial wells

11 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech minutes to record Virtual Drilling Data to 6,000 meters Only log area of interest - “window” Windows as small as 150 meters per well

12 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Virtually Drill (process) 3, ,000 meters per week Equal to up to 24 to 27 wells per week

13 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Z-Scan Resolution Depth within 8 1,500 meters Horizontal < 1% ( meters) Unit Thickness 1.5 meters

14 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

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16 Provides inferred porosity and permeability

17 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Provides inferred lithology

18 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Complement to seismic

19 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Can identify stratigraphic traps

20 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Stand alone logging tool

21 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Z-Scan Limitations Fresh water Surface or clouds Solar interference

22 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

23 100% digital version 12,000 meters to as many as 30,000 meters per week First round of beta testing DigiLog

24 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Briny water makes the sea bottom = dry land Only need a small boat Offshore

25 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Successfully used in Louisiana marshes Limited use but Louisiana work confirms it will work offshore Offshore

26 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

27 Virtually Drill Structure Identify Most Prospective Locations Drill Most Prospective Locations

28 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Cairn Rajasthan Block MaxEx probably would have recommended drilling Mangala first

29 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates 1.0%5.0%10.0% Conventional 100 MaxEx (35% success rate) Fewer Wells Drilled Frontier Program Wells Drilled

30 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates1.0%5.0%10.0% Fewer Wells Drilled w/MaxEx Years Saved - 1 Month per Well Years Saved - 3 Months per Well Frontier Program Years Saved

31 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates1.0%5.0%10.0% Drilling Costs (millions of $)$101.0$105.0$110.0 Percentage of Conventional Cost*96%82%65% Well Costs: Dry Hole $1,000,000 Completion 1,000,000 Frontier Program Costs Saved * Savings before MaxEx costs

32 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates10%20%40% Conventional100 MaxEx (50% success rate) Fewer Wells Drilled Exploration Program Wells Drilled

33 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates10%20%40% Fewer Wells Drilled w/MaxEx Years Saved - 1 Month per Well Years Saved - 3 Months per Well Exploration Program Years Saved

34 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Conventional Success Rates10%20%40% Drilling Costs (millions of $)$110.0$120.0$140.0 Percentage of Conventional Cost*75%50%14% Well Costs: Dry Hole $1,000,000 Completion $1,000,000 * Savings before MaxEx costs Exploration Program Costs Saved

35 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

36 Deccan Traps Middle East Size Potential Volcanics great traps Z-Scan only seeks presence of hydrocarbons Deccan one of the largest volcanic provinces >> Virtually Drill Syneclise Volcanics an Asset

37 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Himalaya foreland Rugged terrain Remote locations Significant environmental issues Immense Potential…but

38 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Himalaya foreland Easily access remote locations in rugged terrain Environmental impact almost none “take only readings, leave only footprints” but … MaxEx Extremely Mobile

39 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech India Oil & Gas

40 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Home of Elephant Fields

41 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Lots of Elephants 2002 Reliance KG 7 TCF find

42 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Cairn 1.0 billion barrel Rajasthan find

43 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech TCF KG basin by GSPC

44 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech ONGC KG basin possibly +7 TCF

45 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech ONGC Mahanadi possibly +21 TCF

46 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Open for Business 7 year income tax holiday Royalty Oil12.5% Gas 10.0% Bid other consideration to GOI 100% foreign ownership of oil & gas projects

47 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech

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49 MaxEx Maximize Exploration Results “Drill Mangala first!”

50 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech The Future DigiLog Offshore Virtual Drilling ™

51 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Time - Saves up to 24 years “Time is Money” Power of MaxEx ™

52 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Money - Saves 90% or more of frontier program costs Saves 90%

53 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Volcanics An Asset >> Unique India Opportunities Deccan Traps Middle East Size Potential

54 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech MaxEx Extremely Portable “takes only readings, leaves only footprints Himalaya Forelands Immense Potential Himalaya Forelands Immense Potential Unique India Opportunities

55 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Find It & Keep It High Potential Opportunities Tax Holiday & Low Royalty Low Political Risk

56 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech INDIA and ENSAGA A Powerful Combination

57 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech Energy Investments & Management


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