KiOR, KIOR, Profile, Summary
KiOR | KIOR | Profile | Summary
KiOR is a next-generation renewable fuels company that has developed a proprietary technology platform to convert biomass into renewable crude oil that is processed into gasoline, diesel and fuel oil blendstocks. The company built the first commercial scale cellulosic fuel facility in Columbus, MS, which started production in 2012. KiOR strives to help ease dependence on foreign oil, reduce lifecycle greenhouse gas emissions and create high-quality jobs and economic benefit across rural communities.
Key differentiating factors about KiOR include:
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Breakthrough technology that leverages proven process
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Ability to use of abundant non-food feedstocks
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Access to a vast global market and large base of customers
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Experienced management team that can deliver accelerated growth.
Technology
KiOR has developed a proprietary technology platform to convert sustainable, low-cost, non-food biomass into a hydrocarbon-based renewable crude oil. Using standard refining equipment, the company processes its renewable crude into gasoline and diesel blendstocks that can utilize the existing transportation fuel infrastructure for use in vehicles on the road today.
In essence, KiOR’s technology simply reduces the time it takes to produce oil from millions of years to a matter of seconds. The company’s technology platform combines its proprietary catalyst systems with a process based on existing Fluid Catalytic Cracking (FCC) technology, a standard process used for over 60 years in oil refining. The efficiency of KiOR’s process, called Biomass Fluid Catalytic Cracking (BFCC), and the proven nature of catalytic cracking technologies allow for significant cost advantages, including lower capital and operating costs, versus traditional biofuels producers.
KiOR processes its renewable crude oil in a conventional hydrotreater, which is a standard process unit used in oil refineries, into gasoline and diesel blendstocks that can be combined with existing fossil-based fuels and used in vehicles on the road today.
Products
KiOR produces renewable gasoline and diesel blendstocks that are comparable to their fossil-fuel based counterparts and can easily be dropped-in to the existing fuel supply, offering a more environmentally friendly fuel option to consumers at the pump. According to a full lifecycle emissions analysis of KiOR data, based on the Argonne National Laboratory's Greenhouse Gases, Regulated Emissions and Energy Use in Transportation, or GREET model, using KiOR'sdata, KiOR’s gasoline and diesel blendstocks are projected to reduce direct lifecycle greenhouse gas emissions by more than 80% compared to fossil-based gasoline and diesel.
Given the infrastructure compatibility of its renewable fuels, KiOR expects to access the $2 trillion global transportation fuels market while also benefiting from government programs, such as the US Renewable Fuel Standard.
KiOR’s renewable blendstocks can be combined with conventional gasoline and diesel fuels by refiners and oil companies and sold to distributors of finished products, or end users of fuel products. To date, KiOR has signed fuel offtake agreements with Hunt Refining, Catchlight Energy, and FedEx Corporate Services, thus demonstrating its ability to fulfill the needs of a variety of customers.
Greenhouse Gas Reductions
While KiOR’s blendstocks are comparable to their fossil fuel-based counterparts, because they are made from renewable biomass, they can contribute to significant reductions in carbon emissions. In fact, on a full lifecycle basis, KiOR’s gasoline and diesel blendstocks are projected to reduce greenhouse gas emissions by over 80% compared to the fossil-based fuels they displace, according to an analysis of KiOR data by TIAX LLC.
Sources: The Company, OxBridge Research, OTCKING, DailyStockDeals, OTCstockIQ
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ZaZa Energy , ZAZA, Profile, Summary
ZaZa Energy , ZAZA, Profile, Summary
ZaZa Energy Overview
CONSOLIDATING A DOMINANT POSITION IN THE EAGLEBINE
> High concentration of liquid?rich assets in the Eaglebine and Eagle Ford trends
> ~110,000 acre presence within the Eaglebine and Lower Cretaceous window
> 7,600 acres surrounded by Devon’s recently acquired $6 billion GeoSouthern Eagle Ford assets
> Completed amendment to Eaglebine/Eagle Ford East joint venture agreement with large independent operator
> Accelerated timing
> Contiguous JV acreage footprint
> Immediate liquidity (~$17.8MM net cash) and production (~$17MM in PDP value)
> 6 well carry program
> Proven management team
> Significant experience with majors and large independents
> Collectively participated in the drilling and completion of over 5,500 wells
UNCONVENTIONAL ASSETS – POST CONVENTIONAL THINKING
> Technical evaluation of the juncture between the organic and carbonaterich Eagle Ford group and the silica rich Woodbine plays provided an operational thesis to make the Eaglebine an area of primary focus
> Analogous to mature Eagle Ford area
> Large potential resource play with stacked pay
> Oil/liquids rich in multiple zones
> Multiple zones act as an acreage multiplier
> Significant successful offset activity
MILESTONES - POSITIONED FOR RAPID VALUE CREATION-
> Secured a first mover advantage in the Eaglebine/Eagle Ford East play
> Consummated joint venture agreement with a large independent operator to develop Eaglebine/Eagle Ford East acreage
> Accelerated original joint venture agreement through an amendment to acquire additional production and further develop our acreage block
> Entered joint venture agreement with Sabine Oil & Gas LLC, a First Reserve portfolio company, to develop Sweet Home Eagle Ford acreage
> Strategically completed sale of non core Moulton Eagle Ford assets for approximately $38 million
> Reduced senior secured notes to $26.8 million from $100 million
> Drilled and completed 4 proof?of?concept wells during 2013
EAGLE FORD SHALE PROPERTIES
JOIN VENTURE
Sabine Oil & Gas LLC (“Sabine”) and ZaZa entered into a 75/25 joint venture for the development of ZaZa’s Sweet Home prospect in the Eagle Ford trend located in the liquids window of De Witt and Lavaca Counties, Texas
> Sabine carries ZaZa for two commitment wells and up to $750,000 of construction costs related to gathering and infrastructure in exchange for a 75% interest in 7,600 net acres and the Boening well. Sabine also carries up to
$300,000 of ZaZa’s expenses related to the extension and renewal of certain leases
>> If Sabine completes the first commitment well by February 15, 2014, ZaZa will transfer to Sabine a 75% interest in approximately 3,200 net acres and the Boening well
>> If Sabine completes the second commitment well by April 15, 2014, ZaZa will transfer to Sabine a 75% interest in the remaining net acres (4,400)
• Assuming the initial two commitment wells are successful in achieving production, participating interests in any additional wells drilled or lease
acreage acquired in the Sweet Home prospect will be shared 75% by Sabine and 25% by ZaZa under an Area of Mutual Interest (“AMI”) that will expire on September 15, 2015
SWEET HOMEPROSPECT
> +200’ thick Eagle Ford pay section with >8% porosity in
thickest portion of organic shale
> Adjacent to and surrounded by Devon’s recently acquired $6 billion GeoSouthern Eagle Ford assets
>> Visible oil growth in low?risk, repeatable play
> ZaZa’s Boening well began with an initial production rate of 669 Boe/d
PROVEN BUSINESS MODEL
Initial Appraisal
• Regional geologic evaluation
• Depositional model, subsurface analysis, 3D seismic
• Hydrocarbon system, maturity, geochemistry
• Begin building subsurface model
• In?depth data analysis
• Analyze all area logs and rasters
• Analyze all nearby core data if available
• Maturity/TOC/XRD, mineral composition, fracability
• Detailed log correlations and custom petrophysics
Proof of Concept
• Drill pilot well, take full suite of logs and core
• Mud logging, ISO analysis, insitu fluid composition
• Open?hole logging (rock properties, matrix mineralogy, clay
type, hydrocarbon saturation, stress analysis, rock mechanics)
• Core analysis
• Maturity/TOC/XRD, mineral composition, fracability
• Core calibrated to petrophysics
• Integration
• Detailed pilot to lateral rock properties calibration
• Custom frac design and execution
• Microseismic monitoring and tracer analysis
Capital Markets Access
• Strengthening balance sheet
• Optimizing capital structure for growth
• Transact to accelerate cash flow
Proven Management Team
Todd Brooks (Founder, Executive Director, President &
CEO)
> Founded ZaZa Energy, LLC in 2009. Led company into multiple scaled drilling and development JVs in the Eagle Ford and Eaglebine. Took ZaZa public via reverse merger in early 2012
> Principal of Neuhaus Brooks Investments of Texas, LLC, a company making strategic energy investments across multiple geographic regions
> Experienced land man, E&P investor and entrepreneur
> B.A. in Economics from Vanderbilt University; J.D. from South Texas College of Law
Ian Fay (CFO)
> Founding Partner at Odin Advisors LLC
> Served as Head of the Energy & Natural Resources Group | Americas at BNP Paribas
> Worked as Managing Director for RBC Capital Markets and Director of M&A for UBS Investment Bank
> B.A. in English from the University of North Carolina at Chapel Hill and Morehead?Cain scholar
Kevin Schepel (EVP Exploration and Production)
> Executive Vice President of Exploration and Production since June 2010
> Served as Vice President of Worldwide Exploitation for Pioneer Natural Resources, Chief Petrophysicist for BHP Petroleum and 15 years as an advanced Geoscientist at Exxon
> B.S. from Michigan State University; Licensed by the Texas Board of Professional Geoscientists
Thomas Bowman (EVP Evaluation, Geology and Geophysics)
> Served in various roles such as Evaluation Manager and Exploration Advisor at Aspect Abundant Shale, Bass Enterprises, Fina Oil and Chemical and Tenneco Oil Co.
> Industry?recognized specialist in identification of resource plays and the utilization of geophysical advancements; involved in the completion of over 1,000 horizontal resource wells across a majority of US shale plays
> B.S. from Montana College of Mineral Science and Technology; Licensed by the Texas Board of Professional Geoscientists
The Advantage
> Light Louisiana Sweet crude pricing offers premium relative to
WTI (~$4.50 per Bbl)
> Gas prices benefit from favorable BTU/GPM content and proximity to Houston area markets
> Quality infrastructure in place with available takeaway capacity
Approach
• Identify trends early / first mover
• Low entry cost
• Large contiguous acreage blocks
• Concentrated area focus
• High?value partnerships
• Oil?weighted properties
• Latest technology
Results
2014 Catalysts
• Viable exploration wells
• Eaglebine development moving forward
• Secure “regularway” financings
Sources: The Company, OxBridge Research, OTCKING, DailyStockDeals, OTCstockIQ
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The Alkaline Water Company, WTER, Profile
The Alkaline Water Company | WTER | Profile
The Alkaline Water Company employs a state-of-the-art Electrochemically Activated Water (ECA) system to create 8.8 pH drinking water without the use of any chemicals. The ECA process uses specialized electronic cells coated with a variety of rare earth minerals to produce scientifically engineered water.The Company further incorporate 84 trace Himalayan minerals considered to be the best in the world.
Waternomics
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A typical American drinks about 10 cases of bottled water a year.
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In 2011, total bottled water sales in the U.S. hit 9.1 billion gallons — 29.2 gallons of bottled water per person, according to sales figures from Beverage Marketing Corp.
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The 2011 numbers are the highest total volume of bottled water ever sold in the U.S., and also the highest per-person volume.
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Bottled water sales aren’t just growing —they’re booming. Volume increased by 4.1 percent in 2011 —five times as fast as the 0.9 percent growth in the sales of beverages overall, according to Beverage Marketing. Bottled water sales, in fact, are growing twice as fast as the economy itself.
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The U.S Market is predicted to double in in the next two years.
Water is the new front:
Old Rivals Pepsi & Coke fighting for market share
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The three global giants in the industry Coca Cola and Pepsi and Nestle
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Pepsi’s Aquafina, introduced in 1997, is now the number one branded non-carbonated bottled water in the US.
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Coke’s Dasani, launched a few months later, is second in the category. Both are likely to lead the market in the future.
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Market analysts look for major consolidation among the plethora of brands in the next few years.
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It is anticipated that large national marketers will buy local brands around the country and shut them down. Why? To reduce competition and, in some cases, to acquire other supply sources for spring water.
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The battle between Coke and Pepsi and the larger European brands is the “high profile war that will be waged,” predicts at least one industry insider, who adds that branding will remain a deciding factor for discerning consumers. “Quality and trust are going to be critical, so brands will be important.”
The Opportunity
Virtually no competitive products sized larger than 1.5 L in the market.
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Consumer acceptance for Alkaline water continues to grow significantly due to its many perceived health benefits, making it the water of choice.
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Bulk Alkaline water can be marketed at a consumer price point significantly less, per ounce, than existing brands.
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There is a high demand amongst major retailers for bulk alkaline waters.
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New bulk size option well received by existing consumers of alkaline water.
Sources: The company, OxBridge Research, OTCKING, DailyStockDeals, OTCstockIQ
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Hyperdynamics, HDY, Profile, Summary
Hyperdynamics | HDY | Profile | Summary
Hyperdynamics' new management team began accelerating exploration activities on the Guinea concession in mid-2009, our strategy has been to maximize shareholder value by retaining as large a working interest ownership position in the concession as possible, for as long as possible.
To fund its ongoing exploration activities during this period, Hyperdynamics successfully raised more than $220 million of equity from institutional investors, and nearly a quarter of its outstanding common shares are held by institutions.
In early 2010, Hyperdynamics sold a 23% stake in the Guinea project to Dana Petroleum for a total of $19.6 million, which allowed the Company to retain a 77% working interest in and operatorship of the project as it spudded the first exploration well in late 2011, the Sabu-1.
The Sabu-1 exploration well encountered oil shows while drilling the targeted Upper Cretaceous section, and our well-log interpretations indicated the presence of residual oil in non-commercial quantities. Following the drilling of the Sabu-1 well, Hyperdynamics was able to attract a world class independent explorer, Tullow Oil, to join as partner and operator of future exploration activities. Following the sale to Tullow, Hyperdynamics still retains a 37% working interest in the Guinea concession
Summary and outlook of future O&G
Deepwater Production
>>limited mainly to basins of Atlantic Margin
Common factors:
•World class source rocks
•Continuous subsidence and deposition
Differentiating factors for mega provinces
•Presence of massive salt
•Major river systems for sediment inputCumulative Reserves estimated 160 BB0 of which 115 BBO have been discovered Production peaks at 11-12 MMBOD in decade of 2020-2030
Heavy Oil Production
• Production reaches 7 MMBOD in 2030
>>85% of resources in two provinces
•High oil prices needed for profitability
•Heaviest environmental footprint (surface imprint, CO2 emission, water use) of
unconventional production
•Better commercial environment in Canada vs. Venezuela makes Canada leader in production and technology despite better reservoir and oil quality in Venezuela
Shale Oil Production by hydraulic fracturing
Significant production initiated in 2010 utilizing combination of fracking and horizontal drillingEconomics dominated by high well decline rates and need for extensive infrastructure. While potential high potential formations can be found worldwide, significant production only started in USA for mainly non-technical reasons
Shale Oil Production Increase: How much and how fast?
USA Production: (not including NGL’s)
Major plays
Bakken and Eagle Ford should plateau at about 1.0 and 1.2 MMBOD for 5 years
before declining.
•Permian a combination of shale and conventional plays
•Other shale plays an order of magnitude smaller
•NGL’s major part of play, as they are needed to make most gas shale plays economic
•Combination of crude oil and NGL’s will add about 5 MMBOD to US production in the 2015-2020 period.
New Oil World
•Non renewable conventional production peaked in 2005
and is rapidly being replaced by high cost deep water and unconventional oil
•Remaining conventional production focused in the Arabian Basin and FSU, while
new production mostly in Western Hemisphere and Sub Saharan Africa
•World production growth slows in 2020’s when deep water production peaks, and next
price spike a possibility
Sub Saharan Africa
•Production doubles in the 2000-2020 time period
•Low cost conventional oil largely replaced by high cost deep water oil
•Despite increased production, revenue per barrel is approximately half; without recognizing fiscal reality, necessary investment will not be attracted
•After 2020, production will gradually shift from current SW Africa hub to new
provinces in NW Africa and East Africa
Sources: The company, OxBridge Research, OTCKING, DailyStockDeals, OTCstockIQ
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