DISCLAIMER The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluating JK Tech Holdings Limited (the “Company”) . While management has taken every effort to ensure the accuracy of the material in the presentation, neither the Company nor its advisers has verified the accuracy or completeness of the information, or any statements and opinions contained in this presentation. This presentation is provided for information purposes only, and to the maximum extent permitted by law, the Company, its officers and management exclude and disclaim any liability in respect of the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation or anything done in reliance on the presentation. This presentation may contain forward looking statements. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan‘ and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements are subject to risk factors associated with the Company’s business, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. You should not place undue reliance on forward-looking statements and neither the Company nor any of its directors, employees, servants, advisers or agents assume any obligation to update such information. In addition to its technology business the Company is involved in exploration and development and must continue to fund its exploration, feasibility and possibly development programs through its cash reserves, equity capital or debt. Therefore the viability of the Company is dependent upon the Company’s access to further capital through debt, equity or otherwise. There can be no guarantee that the Company will be able to successfully raise such finance. This presentation should not be considered as an offer or invitation to subscribe or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. You should not act and refrain from acting in reliance on this presentation material. Nothing contained in this presentation constitutes investment, legal, tax or other advice. This overview of the Company does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. Before making an investment decision, you should conduct, with the assistance of your broker or other financial or professional adviser, your own investigation in light of your particular investment needs, objectives and financial circumstances and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.
WHO IS JK TECH Acquirer of E & P projects Leverage off relationships of our major shareholders Currently single energy asset – Mustang Focus on development & producing assets 3
E & P TRANSFORMATION Q4 2014 / Q1 2015 Drill 3 x Mustang wells September 2014 Commenced engineering August 2014 studies S$60,000,000 in new equity @ $0.40 July 2014 Acquisition of Mustang May 2014 Changed to energy focus 4
COMPANY SNAPSHOT @ 29 September 2014 Major Shareholders Ang Yew Jin Capital Structure Eugene 18.4% Share price $0.39 Ezion Public Shares outstanding 290,939,065 Holdings 57.7% 14.4% Market Capitalisation $113.0 million Ang Ai Nyuet 5.0% Available Cash 3 $21.0 million SF Ventures 4.5% Debt Nil Options Enterprise Value $92.0 million Total Options Outstanding 325,000,000 Ezion Holdings 260,000,000 Proven Reserves (1P) 1,2 10.8 MMBOE SF Ventures 60,000,000 Proven + Probable Reserves (2P) 1,2 19.8 MMBOE Company Directors 5,000,000 1 Net to 46.8% Working Interest Exercise Price $0.09 2 DeGolyer & MacNaughton Reserve report dated April 2012 Expiry May 2019 3 Available for use on energy projects 5
JK - PROJECT CRITERIA Focus on Proven Reserves (1P) – known reservoir characteristics Generate cash within 12-24 months from acquisition Hydrocarbon basins with existing core infrastructure Mitigate risk by forming investment partnerships within jurisdictions Convert major capex to opex through project partnering - returns Cash flow diversification – multi projects / jurisdictions Non-Operate to reduce overheads Utilise reserve based lending (RBL) to maximise shareholder returns 6
INVESTMENT HIGHLIGHTS MUSTANG - ADVANCED DEVELOPMENT PROJECT Mustang # 1 well (Q2 2012) successfully targeted Kuparuk Sands Kuparuk Sands have produced over 2.9 billion BO on the North Slope 1 First oil in Q2 2016 Targeting 15,000 BOPD (100%) Material Working Interest – 46.8% WI – Cashflow impact ANS crude pricing ~5% premium to WTI 10.8 MMBO in Proven Reserves (1P) – Independently certified 2 19.8 MMBO in Proven & Probable Reserves (2P) - Independently certified 2 1 Alaskan Oil and Gas Conservation Commission (AOGCC) 2 DeGolyer & MacNaughton reserve report dated April 2012 7
North Slope Leaseholds 1 Appaloosa Prospect Area Badami Unit Expansion Adjacent to Mustang and Kuparuk River Unit (CoP) 2,240 unitized net acres outside of current producing 27,415 non-unitized acres area Full 3D seismic coverage East Mikkelsen Bay State 1 well – discovered 25’ Flaxman sand 60 MMBO resource in mapped field extensions and prospects 16 MMBO net resource, needs further delineation Beechey Point Unit Tofkat Unit 10,757 acres plus 3,880 adjacent non-unitized Adjacent to Colville River Unit (CoP) - 9,147 acres BRPC drilled 3 wells and flow tested North Shore #1 Brooks Range Petroleum drilled 1 well with 2 sidetracks, at 2,092 bopd discovered thin Kuparuk reservoir 26 MMBO resource in discovered & mapped pools 40 MMBO of resource, needs further delineation Oooguruk CRU - (CoP) (Caelus) Beechey Point Unit Badami Unit Expansion Badami Tofkat Prudhoe Bay KRU - CoP Mustang 8 (Savant) Unit (BP) 1 All resources Brook Range Petroleum Company estimates and are net to the 100% working interest
Southern Miluveach Unit - Mustang Area of Interest Mustang consists of 8,960 net developable acres with 27,000+ adjacent prospective acres Kuparuk River Unit (ConocoPhillips ) An all-weather gravel road, production pad and a State of Alaska approved development plan is in place USD$81m has been invested in an all-weather road, development pad, seismic and appraisal drilling by prior owners and acquired by the WIO The Kuparuk River Unit, adjacent to the Mustang field, is the 2nd largest oil pool in North America and has produced 2.9 billion Bbls since 1982 1 In the last 35 years, 17 billion Bbls produced on Alaska’s North Slope 1 The Kuparuk-2M drillpad adjacent to Mustang and in the same field and reservoir has produced 77 million Bbls since 1992 1 Mustang Kuparuk -2M 1 Source: Alaska Oil and Gas Conservation Commission (AOGCC) 9
Infrastructure All-Weather Road and Development Pad 4.3 miles all-weather road with access to the Mustang development pad All-weather development pad covers 19 acres & 250 Alpine pipeline N metres from Alpine common carrier pipeline Infrastructure in place allows for year round operations Mustang field can be accomplished from the exisiting development pad The Mustang production facility will be located on the development pad Approximately USD$31m has been invested to complete the development pad and the all-weather road Since November 2013, the pad has generated approximately USD$3.9m of lease income from other North Slope operators utilizing the pad 10
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