marvis pte ltd

Singapore . India . Libreville
Shanghai . Dushanbe . Cotonou
 MARVIS
– Headquartered in Singapore
 MNC with Global Presence
 Core Business – Oil and Gas Exploration
 Other Business Interests – Cotton Trading &
Timber.
Mr. Siraj Kasim
Managing Director
 2005-06
allotment of 2000 FT block on
Nomination basis by DGH, Gabon.
 Data interpretation for the block conducted
by Marvis.
 Negotiation with Indian Oil – Oil India for
farming out the block.
 Due Diligence done by Indian Oil – Oil India .
 Farm-In agreement entered into with
Indian Oil – Oil India combine for 90%.
 Payment made to Marvis as per Farm-In
agreement .
 Above process completed in a span of 6
months.
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Protocol of Intention for cooperation in the Energy
Sector signed in 2006 with Ministry of Mines and
Energy, Tajikistan.
Mr. Hugh North (formerly with Amerada Hess)
evaluated data and advised on selection of two
potential blocks.
Block A, Block B and production development and
enhancement for Kyzyltumshuk existing gas field
signed with Ministry for Exploration, Tajikistan
TRACS of UK evaluated the above data for asset
verification.
Risked Asset value of US$239 million as on date of
assigning based on Tracs estimated resource and a
value of US$ 7 per BOE.
 Oil
resource (Tracs estimated )~ 30 to 150 MMBBLS
 Gas resource (Tracs estimated) ~ 200 BCF to 1 TCF
 40 Gas wells available in the existing gas
field which are scheduled to be put back into
production with minimum expenses.
 2 Gas wells have been reworked and tested
production at 0.5 million cft per well per
day.
 38 Gas wells to be Re-Worked.
Area B
Kyzyltumshuk Gas Field
Area A
Prospects
Identified
prospects
Area
of Interest
Drillable prospects
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Agreement with Ms. Ann King and her team who has over 25 years of
exploration and production experience to head the company in all
technical matters to ramp up production in the existing gas fields and
further exploration in the deeper horizons.
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Current valuation- USD$239 Million @ US$ 7 per BOE.
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Existing Gas wells will be reworked as appropriate, projected
estimates of 0.5 Million Cft. per Gas well in Phase I.
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1 well to be drilled to deeper horizon which is the producing
formation in the Afghan-Tajik/Amurdarya basins in Turkmenistan,
Afghanistan and Uzbekistan.
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Additional seismic 3D 50 sq. kms or 2D & 1 Exploration Well to be
drilled to 4500 Meters in the first year in area A.
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Reworking of existing wells cost estimates US$500,000 per well.
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Yield estimated 20 million Cft. Per day with potential to realise
US$ 20 Million per annum.
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Expected M.Cap after successful Phase I work programme at above
mentioned exploration level is in the order of USD$1 billion.
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Phase I Time Scale is 3 years.
Envisage Investment of $30 Million- 50% shares to
be transferred/ issued in the name of investor.
 US$12 million to be paid to existing shareholders
and balance to be used for E & P.
 On acceptance, payments to be made as per the
following time schedule.
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Letter of Intent- 1 million to promoter
30 days Call letter ( On finalisation of the work
Programme as agreed between the investor and
the propmoter)- 4 million to company + 1.5 million
to promoter
On starting of the work programme in Tajik – 2.5
million to promoter + as per the requirement of
company
On completion of the seismic programme – 3 million
to the promoter + as per the requirement of
company
On completion of interpretation of seismic
programme- 4 million to the promoter + as per
the requirement of company
Nominees Induction to Board of Company
 If the investor is an Oil company with experience
then we can divest up to 60% and the management
can be handed over to them.
 Monthly/ Quarterly reports will be furnished
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SALIENT UPSIDE TO THE PROJECT
Tajikistan
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The integrity of the acreage has been confirmed by
the structural wells drilled during the Soviet Era.
The presence of hydrocarbons and a petroleum
system has been confirmed by historic production.
Production in this area is at shallow depth of 600 –
900 metres. The production in similar basinal settings
is at depth of 4000 to 5000 metres in Turkmenistan,
Afghanistan and Uzbekistan.
The upside on testing this deeper productive horizon
in Tajikistan can be multi tcf potential leading to
multi billion dollar valuation.
The investment in a company with future ability to
expand in the region
 10%
Held by Marvis is a carried interest.
 Oil India limited is the operator with 45%
working interest and Indian Oil Corporation
holding the remaining 45%.
 Total work programme is upwrads of USD 100
Million.
 Seismic work is completed. This year as per
work programme the first well is to be
drilled.
 Tata Petrodyne valued this stake in 2009 at
USD 7.5 Million.
 The
company has carried interest of 10% in
Block in SHAKTHI, Gabon.
 Exploration upside in Tajikistan.
 Gas field production ensuring cash flow
security in Tajikistan
 Investment in stages giving the opportunity
for the investor to come into the company in
stages over a period of a year.
Liquidity for the
investor will be either
through
An IPO after three
years
A trade sale of
Marvis
THANK YOU!