Investor Presentaiton
IB - Light Oil Asset - Classic Low Risk Development Case
Key takeaways
Key stats¹
·
•
As press released on 2 December 2022, Maha is currently
investigating the potential sale of the company's US assets
Operator (97% WI) of a conventional oil field in the Illinois Basin
•
Acquired from Dome Energy in March 2020
2.7
(mmboe)
Net 2P reserves
(YE'22)
•
.
•
One of the oldest oil producing basins in North America
Relatively lower risk conventional oil play that requires low-
cost drilling and stimulation operations
Net oil production of 314 bopd in Q3'22 from 46 wells, compared
with 540 bopd in Q2'22 and 223 bopd in Q3'21
.
Decline Q/Q in Q3 a result of natural decline and no well
activity in the quarter
USD 20.7 million
Net NPV10 of 2P
(YE'22)
·
.
Since acquisition in 2020, production is up from 160 bopd
Company retains optionality on new well drilling going forward
with over 40 drilling locations
In addition, Maha holds 99% WI in LAK Ranch oil field in the
Powder River Baisin in Wyoming
•
Shut down since 2020 following the Covid-19 outbreak
•
Minimal work is planned
314
(boepd)
Net production
3Q22
Source: Company information
17
17
Field overview
ILLINOIS
INDIANA
Illinois
Basin
KENTUCKY
MISSOURI
Maha
Lease Area
TENNESSEE
MAHA
ENERGYView entire presentation