Transcript Infinity Energy Resources, Inc. "IFNY" INFINITY ENERGY RESOURCES, INC. NICARAGUA EXPLORATION PROJECT Blocks Perlas and Tyra Forward-Looking Statement This Presentation of Infinity Energy Resources, Inc.

Infinity Energy Resources, Inc.
"IFNY"
INFINITY
ENERGY
RESOURCES,
INC.
NICARAGUA
EXPLORATION
PROJECT
Blocks Perlas and Tyra
Forward-Looking Statement
This Presentation of Infinity Energy Resources, Inc. (the "Company") contains forwardlooking statements that may include the words "believes," "expects," "anticipates," "intends,"
"estimates," "plans," "projections" or other expressions that are predictions of or indicate future
events. These forward-looking statements inherently involve risks and uncertainties that could
cause actual results to differ materially from such statements. A wide variety of factors that may
cause the actual results to differ from these statements include, but are not limited to, the
following: the Company's ability to raise sufficient capital and/or obtain a partner on acceptable
terms, or at all, to pursue exploration and development activities regarding its Nicaraguan
Concessions; the success of its efforts to acquire and process seismic data relating to such
Concessions; the quantity of hydrocarbons beneath the Concession blocks; the costs of drilling
and completion of any wells; risks that drilling wells will not result in commercially viable oil and
national gas production; operating risks, delays and problems; the availability of services on
acceptable terms; changes in the prices of oil and gas; unexpected negative geological
variances; governmental uncertainties in Nicaragua; actions by creditors with respect to debt
obligations, liquidity and capital requirements; competition from larger, more established
companies with far greater economic and human resources; the effect of changing economic
conditions; changes in U.S. government regulations, tax rates and similar matters; and other
risks described in its Annual Report on Form 10-K and periodic reports filed with the Securities
and Exchange Commission. The Company does not undertake to publicly update or revise
forward-looking statements, whether as a result of new information, future events or otherwise.
This Presentation is neither an offer to sell or a solicitation of an offer to buy any securities
of the Company.
Infinity Energy Resources, Inc.
NICARAGUA EXPLORATION PROJECT
Blocks Perlas and Tyra
Multi-Billion Barrel Prospect
Company Overview
• Infinity Energy Resources, Inc. (IFNY: OTCQB) is a natural
resources exploration and development company with oil and gas
concessions covering 1.4 million acres offshore Nicaragua in the
Caribbean Sea.
• Initial studies have estimated reserves in multi-billion barrel range.
• 25,559,678 Common Shares Outstanding.
• Fully diluted 32.0 million shares
• Approx. $20 million Market Cap
• Completed environmental assessments, completed additional 2-D
seismic program, signed LOI with Granada Exploration, LLC and
currently talking to potential financial and industry partners.
• Estimate 1st Company well could be drilled Q2 of 2015.
Nicaraguan Concession
Highlights
• Completed environmental studies, reprocessed 2-D seismic
data and developed geological mapping. Total expenditure to
date $12 mil.
• A new 2D seismic program identified a 5th structure.
• 5 large seismically defined closures on 120 mile long structure
covering 547 square miles
• Estimated Resource potential from Eocene formation only: P50
4.6 bn barrels
• Potential cretaceous not quantified yet but could be larger than
Eocene.
• Great fiscal terms from Nicaraguan government.
• Easily managed work commitment.
• Shallow water.
Renato T Bertani - Geologist
•
Renato T. Bertani holds a PH. D. in Sedimentary Geology and Geochemistry
from the University of Illinois, USA.
• Over 33 years of international experience in exploration and production projects,
particularly in South America, West Africa, UK, and the USA Gulf of Mexico.
• Served for 31 years in various technical and high level managerial positions with
Petrobras, the Brazilian state oil company, including:
• President of Petrobras America, Inc.
• Vice President of the World Petroleum Council
• Responsible for the technical program for the 2011 World Petroleum Congress
in Doha, Qatar.
Luciano Seixas Chagas - Geologist
•
Over 35 years of experience in the exploration of sedimentary basins around
the world.
• Served with Petrobras for over 30 years in several technical and managerial
positions.
• Considered an expert in sedimentary, stratigraphic and structural
characteristics and petroleum systems.
Geographic Location
TYRA
IFNY
NBL
Concessions
IFNY
Infinity holds 100% interest in Blocks Perlas and
Tyra, located in shallow waters offshore Nicaragua
PERLAS
NOBLE
Energy
Work Program Summary
• Work Commitment for each block broken into 4
Sub-Periods.
• Tyra:
– Sub-Periods 1, 2, & 3 (4 years) Acquire, process
and interpret seismic data.
– Sub-Period 4 (2 years) Drill 1 well to 10,000’ or to
test the Cretaceous.
• Perlas:
– Sub-Periods 1 & 2 (3 Years) Acquire, process and
interpret seismic data.
– Sub-Periods 3 & 4 (3 Years) Drill 2 wells to 10,000’
or to test the Cretaceous.
Contract and Fiscal Terms
Wells Drilled
Evidence for Positive
Petroleum System
• 27 wells drilled, 11 have
oil or gas shows, at least
two have tested
measurable
hydrocarbons.
• Shell Perlas#1 well tested
350 bo/day
• Shell Perlas#1 confirmed
Eocene source rock
Geologic and Geophysical
Interpretation
Geologic and Geophysical interpretation and
mapping was based on the following data:
•Geophysical Data
•9,731km of. various seismic surveys
acquired during the 70’s and
reprocessed by Fugro in 2000
•3,096 km of new seismic acquired and
processed by Fugro in 1999
•3,096 km of magnetic and gravimetric
profiles acquired and processed by
Fugro in 1999
•Well Data
•Limited information on previous wells
obtained through an interpretation
report prepared by Fugro-Geoteam AS
in 2001
1999 Vintage Data: N72-2CS99-111
Approximate Top of Cretaceous
Depth Seismic Map
Lower Eocene
Seismic interpretation and
structural map indicate
•Intense thrusting and strike
slip faulting
•The Nica-Tinkham ridge is
the result of transpressional
deformation along a major
strike slip fault
•Tectonic blocks controlled
the sedimentation, particularly
the development of reef
system along the elevated
parts of fault blocks
•The most prominet tectonic
high of the area, the NicaTinkham ridge, traverses both
Tyra and Perlas blocks
Nicaragua Seismic Highlights
Eocene Time Structure
Top Cretaceous Time Structure
5th structure
Nicaragua Seismic Highlights
NW
Line NCS99-111
SE
S
N
Line 1024
0.000
Early Miocene
1.0
Eocene
5th
structure
2.0
Early Eocene
Cretaceous
3.0
4.0
Nicaragua Seismic Highlights
SW
Line NCS99-2041
NE
S
N
1344-3
1344-5
0.000
Early Miocene
1.0
Eocene
2.0
Early Eocene
Cretaceous
3.0
4.0
Reserve Potential
• Identified 5 large structural closures along the
Nica-Tinkham Ridge at the top of the Eocene.
• Shell #1 Perlas tested 350 BOPD from the Eocene.
• Potential Eocene reserves assuming: 30 meters of
pay, porosity of 20%, oil saturation of 65%, recovery
factor of 35%. Based on variations in size of closure:
– P50: 4.6 Billion Barrels
• Potential Cretaceous reserves are not quantified but
could be even larger.
Early Cretaceous Tectonic
Reconstruction
Reforma/Cantar
ell
Rubelsanto
Nicaraguan
Caribbean Shelf
Lake
Maracaibo
Area
Cretaceous Carbonate
Outcrops
Regional Cretaceous
Carbonate Fields
Mexico Reforma/Cantarell Area:
Over 15 Billion Barrels of Oil
Recoverable
Infinity
Concessions
Venezuela
Maracaibo Basin:
Over 1 Billion
Barrels of Oil
Recoverable
Lake Maracaibo Area
Production
Size of Nica-Tinkham
Ridge Captured by
Infinity
La Paz Field X-Section
La Paz Field - Venezuela
• Production from dense Cretaceous carbonates with
low matrix permeability and fractured basement.
• Structure related to complex wrench fault tectonics.
• Initial Cretaceous discovery well drilled in 1944 to
1,800’ produced at a rate of 1000 BOPD.
• Development well P-84 produced at a rate of
30,000 BOPD.
IFNY Signs Letter of Intent
with Granada Exploration
• Granada Exploration would earn a 30% WI on an 80% NRI
• Granada Exploration would have an option to increase to a 50%
WI if Parties go it alone
• Granada Exploration will contribute services & financial resources
– Jeff Roberts, a petroleum geologist with over 30 years of
domestic and international oil and gas experience in exploration,
technology, planning and analysis with Amoco, Sun and Oryx
Energy. He served as Gulf of Mexico Exploration Manager and
Manager of E&P Technology for Oryx Energy and has been
involved in the exploration and exploitation of various shale
plays in the U.S., including the Barnett, Woodford, Fayetteville
and Marcellus.
– Fred Byther is a petroleum geologist with over 35 years of
domestic U.S. exploration and production experience at Oryx
Energy and Kerr-McGee, where he focused on Gulf Coast and
Mid-Continent projects.
Granada Exploration
– Robert Fleming is a petroleum geophysicist with over 35 years of experience
in exploration and technology. He has generated prospects in Brazil and in
several U.S. basins, including the Mid-Continent, Anadarko, Gulf Coast and
Permian basins. He has specific expertise in gravity and magnetics, seismic
processing, depth imaging and AVO (Amplitude vs. Offset) technology.
– Mike Kerr has over 28 years of experience in financing and managing oil and
gas exploration and production assets, both domestically and internationally.
– Richard Leach is a petroleum geologist with over 30 years of experience in
U.S. exploration and production. He has specific expertise in horizontal drilling
and geo-navigation.
– Tim Schildt is a petroleum geologist with over 30 years of experience. He has
experience in the Mid-Continent, Permian Basin, the Gulf Coast and the Gulf
of Mexico.
– George Schnerk is a petroleum engineer with over 33 years of experience in
reservoir and petroleum engineering. He has a strong background in
unconventional reservoirs, horizontal drilling and hydraulic fracturing. Mr.
Schnerk has worked on projects both domestically and internationally,
including the Austin Chalk horizontal play and project in the Gulf of Mexico,
offshore Australia and the North Sea.
4.6 Billion Barrels of Recoverable Resources
4.6 Billion Barrels of Recoverable Resources
1 Billion Barrels of Recoverable Resources
4.6 Billion Barrels of Recoverable Resources
1 Billion Barrels of Recoverable Resources
80% Given to Partner
200 Million Barrels of Recoverable Resources
4.6 Billion Barrels of Recoverable Resources
1 Billion Barrels of Recoverable Resources
80% Given to Partner = 200 Million Barrels of Recoverable Resources
Using Only $6.00/Barrel of In-The-Ground Value
$6 x 200mm = $1,200,000,000
4.6 Billion Barrels of Recoverable Resources
1 Billion Barrels of Recoverable Resources
80% Given to Partner = 200 Million Barrels of Recoverable Resources
Using Only $6/Barrel of In-The-Ground Value: $6 x 200mm =
$1,200,000,000
If INFINITY has 35mm Shares Outstanding
$1,200,000,000 ÷ 35mm Shares = $34.29 Per Share Valuation
Infinity Energy Resources, Inc.
INFINITY
ENERGY
RESOURCES,
INC.
NICARAGUA
EXPLORATION
PROJECT
Blocks Perlas and Tyra
“IFNY”