Investor Presentaiton
Maha at a Glance
Company information
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Independent E&P company listed on Nasdaq Stockholm's Main Market with a
market capitalization³ of USD 131.8 million (SEK 1.36 bn)
Currently operating in Brazil, US and Oman
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Production from Tie and Tartaruga fields in Brazil and Illinois Basin in the US,
3,300 boepd net production (LTM¹)
3.2 mmboe 2P reserves of Oman5 and Illinois
Appraisal asset in Oman with net contingent resources 5 2C of 21.0 mmboe
Recent change in shareholder structure, board and management
Investment Fund managed by Brazilian private equity firm Starboard acquired
~19.9% ownership
Overview of assets²
LAK Ranch, US
Illinois, US
Legend:
Onshore
A
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Offshore
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Starboard brings significant experience and track record in oil & gas and
finance.
Currently investigating divesting US assets, with transactions ongoing:
Shareholder Structure
1. Binding term sheet signed regarding business combination with DBO Energy,
which holds 15% in 3R Offshore (Peroá and Papa Terra fields)
2. SPA signed on 27 December 2022 for the divestment of Brazilian assets
(Tartaruga and Tiê fields)
Royal decree approving farmout agreement with Mafraq Energy LLC and signing
of the Joint Operational Agreement in Block 70 in Oman
Advanced well testing in Oman, production set to start in 1Q23
Notes: 1) Last twelve months per 30 September 2022; 2) Peroá and Papa Terra are in the process of business
combination and Tartaruga and Tiê are in the process of divestment; 3) Updated on 3 February 2023; 4) For
YE 2022: IB (2.7 mmboe) and 65% W.I. Oman (0.5 mmboe); 5) 65% W.I.
Source: Company information
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19.9%
Starboard
ASSET
Tartaruga, Brazil
Tiê, Brazil
Peroá, Brazil
Papa Terra, Brazil
MAHA
ENERGY
Middle East
Mafraq, Oman
5.7%
btg pactual
5.0%
AVANZA III
69,4%
Others
MAHA
ENERGYView entire presentation