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As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/27/06 PetroHunter Energy Corp 8-K:7,9 10/25/06 3:11M RR Donnelley/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 18K 2: EX-99.1 Executive Summary Dated October 23, 2006 HTML 132K 3: EX-99.2 Slide Presentation Dated October 23, 2006 HTML 154K
| Slide presentation dated October 23, 2006 |
 1 1875 Lawrence Street Suite 1400 USA OTC BB:PHUN Phone 303-572-8900 Fax 303-572-8927
Exhibit 99.2 |
 2 Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which PetroHunter Energy Corporation, or any of it’s divisions and subsidiaries, have little or no control. Forward Looking Statement |
 3 PetroHunter Founder Marc A. Bruner Founder Mr. Bruner is the Managing Member of MAB Resources LLC, an organization that is launching a global strategy for the exploration and development of unconventional oil and gas resources. Mr. Bruner has a strong track record of founding and developing unconventional energy companies. Mr. Bruner was a co-founder and is the current Chairman of Gasco
Energy, Inc. (AMEX: GSX) and CEO of Falcon Oil & Gas Ltd. |
 4 Founder, Falcon Oil & Gas Ltd., (TSXV: FO) Stock Price: $2.78 (CAD), Market Capitalization: $1.28 billion Founder, Exxel Energy, (TSXV: EXX.V) Stock Price: $4.50 (CAD), Market Capitalization: $385 million PetroHunter Founder’s Track Record |
 5 PetroHunter Energy Corporation |
 6 PetroHunter Energy Prospects • Colorado – Piceance Basin – Natural Gas – Piceance II project – Buckskin Mesa project – South Bronco prospect • Montana – Heavy Oil prospects – Fiddler Creek – Promised Land • Utah – Heavy Oil prospect –
West Rozel (Great Salt Lake) – Gunnison Wedge • Australia - Natural Gas prospect – Light Crude Oil |
 7 PetroHunter Energy Prospects |
 8 Estimated Resources & Acreage Gas Acres PICEANCE II 1,000 Reserves Proved 212 Bcf Proved & Probable 274 Bcf Proved, Probable & Possible 338 Bcf BUCKSKIN MESA PROJECT 20,000 Prospective Resources Low Estimate 800 Bcf Best Estimate 1000 Bcf High Estimate
1300 Bcf SOUTH BRONCO PROSPECT 5,600 Prospective Resources Low Estimate 14 Bcf Best Estimate 21 Bcf High Estimate 28 Bcf Oil Acres MONTANA 20,000 Reserves Fiddler Creek Proved 20 MMBO Proved & Probable 37 MMBO Proved, Probable & Possible 67 MMBO Promised Land (Data Being Compiled) UTAH LEASES 173,000 Prospective Resources West Rozel
Field Low Estimate 10.7 MMBO Best Estimate 24.5 MMBO High Estimate 47.7 MMBO Gunnison Wedge Low Estimate 19 MMBO Best Estimate 55 MMBO High Estimate 134 MMBO Gas Oil Acres AUSTRALIA 7,000,000 Prospective Resources Low Estimate 135 Bcf 253 MMBO Best Estimate 223 Bcf 358 MMBO High Estimate 341 Bcf 484 MMBO Gas Oil
Acres Totals 7,219,600 Low Estimate 1161 Bcf 302.7 MMBO Best Estimate 1518 Bcf 474.5 MMBO High Estimate 2007 Bcf 732.7 MMBO Source – Gustavson Associates Natural Gas Prospects Heavy Oil Prospects Australia Prospect Prospect Totals The above numbers are based on 100% working interest in these properties.
PetroHunter’s primary assets consist of its undivided 50% working
interest in oil and gas leases and related interests in the various natural
gas, oil and heavy oil prospects described in this executive summary. The
other undivided 50% working interest is owned by MAB Resources LLC. |
 9 PetroHunter Operating Company Piceance Basin |
 10 Piceance Basin – Bronco Rig 23 |
 11 Piceance Basin – Colorado “The Piceance is a basin-centered gas trap that may contain as much as 200- to 300-plus trillion cubic feet (Tcf) of gas resource in place.” -Oil & Gas Investor August 2005 |
 12 Piceance Project Piceance II • 1,000 net mineral acres + obligation on additional 1,500 acres • Step-Out from Grand Valley Field, Williams Fork sandstones • Site access, pipelines & rigs are available • Estimated Production/Reserves Per Well: – Initial Production estimate: 1 - 2 million cubic feet/day – Average Reserves* per well: 1.5 Bcf *(includes: proved reserves
plus probable reserves) • Short term production revenue |
 13 Piceance Project |
 14 Buckskin Mesa Project • 20,000 Acres – Piceance Basin • Potential Reserves: Formation Depth(ft) Unrisked Reserves/Acre Wasatch 1,500-2,000 9,000 mcf Fort Union 4,000-5,500 57,000 mcf Mesaverde 6,000-10,000 75,000 mcf Mancos B 10,500-12,000 19,000 mcf Using
the above per-acre estimates and assuming that 8,000 of the 16,000+ net mineral acres of GSL Energy leasehold are productive results in a potential base of 3.0 Tcf of natural gas, 1.5 Tcf net to PetroHunter’s 50% working interest. |
  15 Buckskin Mesa Project D U D U D U D U D U Buckskin Mesa Prospect (20,000 net acres) Exxon-Mobil Williams Fork IP: 1.9-4.5 mmcfd EUR: 2-3 BCF Exxon-Mobil Drilling Fee Minerals Federal Minerals FEET 0 8,049 PETRA 10/4/2006
2:49:53 PM |
 16 South Bronco Prospect • 5,600 Acres – Piceance Basin (PetroHunter owns 50% undivided working interest) • Adjacent to Roberts Canyon field, which produces gas from the Cretaceous Dakota and Cedar Mountain Sandstones and the Cozzette and Corcoran Sandstones • 14 locations at 320
acre spacing • Estimated recoverable resources 14-28 Bcf • Three test wells planned |
 17 South Bronco Prospect |
 18 PetroHunter Heavy Oil |
 19 PetroHunter Heavy Oil |
 20 PetroHunter – Montana Fiddler Creek • 20,000 net mineral acres (PetroHunter owns 50% undivided working interest) • Heavy Oil prospect – potential oil in place 500 million BBLs* * Includes recoverable and unrecoverable resources, with estimated recovery of 10%. • AMI comprises 3 counties: Carbon, Stillwater & Yellowstone Promised Land •
About 35,000 acres • Heavy Oil prospect |
 21 Heavy Oil Overview – PetroHunter * Includes recoverable and unrecoverable resources, with estimated recovery of
10%. 500 MMBO* in Place 2.5 BBO* in Place |
 22 Fiddler Creek Project Overview • Field discovered in the 50’s produced off and on to 80’s • Gustavson Associates estimates oil in-place at Fiddler Creek at 500,000,000 BO* (10-17API) * Includes recoverable and unrecoverable resources, with estimated recovery of 10%. • Gustavson Associates estimates recoverable reserves P+P of 37.4 MMBO, assuming 10% recovery • > 20,000 acres leased
(PetroHunter owns 50% working interest) • Proposed Phase 1 plan includes 3 vertical well reactivations, drilling 3 horizontal wells and 3 vertical wells including 1 deep test • Phase 1 timing… vertical well reactivations underway. Drilling to begin in November |
 23 Fiddler Creek Structure Map |
 24 Com. Production |
 25 Surface Geology Map |
 26 Upper Greybull Map |
 27 Lower Greybull Map |
 28 Pryor Map |
 29 Cross Section A |
 30 Horizontal Well |
 31 Promised Land Project Overview • Large heavy oil resource play identified on logs, core and drill stem tests • Internal estimates of oil in-place in Promised Land at >2,000,000,000 BO* * Includes recoverable and unrecoverable resources, with estimated recovery of 10% as evaluated by PetroHunter’s internal geologists. • Internal estimates of recoverable reserves at 10%; recovery on primary production increases to 30% with
water flood • > 30,000 acres leased (PetroHunter owns 50% working interest) • Proposed Phase 1 plan includes 3 vertical wells, including a deeper Devonian test • Phase 1 timing… drilling program anticipated to begin in November 2006 |
 32 Promised Land |
 33 Type Well |
 34 PetroHunter Energy Utah West Rozel Field Great Salt Lake Basin Heavy Oil Development Project |
 35 West Rozel Project Overview • Amoco discovered the field in the 1970’s • Gustavson Associates estimates oil in-place at West Rozel at 385,000,000 BO (4-9 API) • Gustavson Associates prospective resources of 10.7 million barrels (P90), 24.5 million barrels (P50) • Gunnison Wedge potential oil in place estimated at 525,000,000 BO • > 173,000 acres
leased (PetroHunter owns 50% working interest) • Proposed Phase 1 plan includes 3 vertical wells in West Rozel and 1 vertical well in Gunnison Wedge • Phase 1 timing Q2’ 07 |
 36 West Rozel Project Area Great Salt Lake Utah Salt Lake City Ogden |
 37 Great Salt Lake Utah West Rozel Field Gunnison Wedge West Rozel & Gunnison Wedge |
 38 West Rozel Field |
 39 West Rozel #1 |
 40 West Rozel #2 |
 41 West Rozel #2 Gustavson Associates |
 42 West Rozel & Gunnison Wedge |
 43 Beetaloo Basin Update October 2006 |
 44 Beetaloo Basin • 7 million acres, contiguous and accessible (PetroHunter owns 50% working interest) • Australia: favorable political and fiscal regimes • Stable intra-cratonic basin with active petroleum system • Thick world class source rocks • Large, untested structures and only 2000- 3000m depth |
 45 Australia |
 46 Australia • Highly favorable fiscal regime • 10% royalty to Northern Territory • 1-2% royalty to traditional owners and hiring preference • 30% corporate income tax |
 47 Beetaloo
Basin Williston Basin Comparative Size |
 48 Beetaloo Basin Infrastructure PIPELINES, ROADS, WELLS & PERMITS Note – 11 wells, most appear not to be drilled on a structure |
 49 Beetaloo Basin Stratigraphic Column |
 50 Source Kyalla Shale • 250 meters thick, with oil-prone organic matter • TOC typically 2-3% and mature in basin Middle Velkerri Shale • 140 meters of oil prone organic rich shale • Possibly over 1km total Velkerri Fmt. • TOC up to 12%, typically 4-7% and mature •
Probably still in oil window in middle of basin Barnett Shale (Texas) Potential Analog |
 51 Potential Resource From just two of the potential identified leads: •1.4 to 2.3 billion barrels oil in place with 0.6 to 1.3 Tcf associated gas in place Plus •Potential non-conventional recoverable gas resource of up to 30 Tcf. |
 52 Conclusions • Large Acreage position • Has world class source rocks • Oil and gas maturation • Abundant shows of live oil and gas and recovered 35şAPI hydrocarbons from DST • Proven migration with shows and recovered HC in reservoir rocks • Several good potential reservoir units • Good Seal • Large structural closures at relatively
shallow depths <1 to 2.5km • Large Potential Volumes • Tight Gas play opportunity • Good fiscal regime • And a pipeline runs through it………… The Beetaloo Basin has all the criteria of an excellent exploration play: |
 53 — this is where the pipeline running through the middle of Beetaloo ends up. Darwin LNG Plant & Vessel |
 54 PetroHunter Asset Growth Capitalization • PetroHunter Energy Corporation - $100 - $150 million PPM Working capital to fund ongoing and future projects • Australia Spin-Off (majority owned subsidiary of PetroHunter Energy Corporation) - $30 - $50 million PPM – U.S. Shell - RTO on or about December 5,
2006 - PetroHunter Energy Corporation will hold Series A Preferred Stock with super
voting rights for anti-takeover and consolidation of financial
statements. • Heavy Oil Spin-Off (majority owned subsidiary of PetroHunter Energy Corporation) - $40 - $50 million PPM – Canadian Shell - RTO on or about December 15, 2006 - PetroHunter Energy Corporation will hold Series A Preferred Stock with super
voting rights for anti-takeover and consolidation of financial
statements. October through December 2006 – Project Financing |
 55 PetroHunter Energy Corporation PetroHunter Asset Growth Capitalization Plan |
 56 |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/15/06 | ||||
| 12/5/06 | 3, SC 13D | |||
| Filed on: | 10/27/06 | |||
| For Period End: | 10/25/06 | 8-K/A | ||
| 10/23/06 | ||||
| List all Filings | ||||