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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Greenfields Petroleum Corporation, Valuation and Financial Data 8
Greenfields Petroleum Corporation, Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
Greenfields Petroleum Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Greenfields Petroleum Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 11
Greenfields Petroleum Corporation, Quarterly Production Trends 12
Greenfields Petroleum Corporation, Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 12
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 13
Greenfields Petroleum Corporation, Crude Oil Production 14
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 14
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 15
Greenfields Petroleum Corporation, Natural Gas Production 16
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 16
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 17
Greenfields Petroleum Corporation, Valuation and Financial Data, 2011-2015 18
Greenfields Petroleum Corporation, Share Price Performance, 2011-2015 18
Share Price Performance, 2011-2015 18
Key Valuation Metrics, 2011-2015 19
Greenfields Petroleum Corporation, Production and Reserves Trends 20
Total Oil and Gas, Reserves and Production 20
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 20
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 22
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 24
Crude Oil/Liquids Production and Reserve 25
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 25
Crude Oil Production and Reserves By Country/Region, 2011-2015 26
Crude Oil/Liquids Reserve Changes, 2011-2015 28
Natural Gas Production and Reserve 29
Natural Gas Production and Reserve Trend, 2011-2015 29
Natural Gas Production and Reserves, By Country/Region, 2011-2015 30
Natural Gas Reserve Changes, 2011-2015 32
Total Crude Oil and Natural Gas Reserves Life Index 33
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 34
Greenfields Petroleum Corporation, E&P Costs Trends 36
Allocation of the Upstream Capital Expenditure 36
Upstream Capital Expenditure, 2011-2015 36
Exploration and Development Costs, By Country/Region, 2011-2015 37
Oil and Gas Cost Per boe, US$/boe 38
Oil and Gas Cost Per boe, US$/boe, 2011-2015 38
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 39
Greenfields Petroleum Corporation, Reserve Replacement Ratio 41
Oil and Gas Production Replacement Ratio 41
Oil and Gas Production Replacement Ratio, 2011-2015 41
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 43
Greenfields Petroleum Corporation, Results of Oil & Gas Operations Trend 47
Oil and Gas Revenue and Expenses 47
Oil and Gas Revenue and Expenses, 2011-2015 47
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 48
Oil and Gas Revenue and Expenses, Per boe 50
Oil and Gas Revenue and Expenses, By boe, 2011-2015 50
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 51
Oil and Gas Performance Metrics 53
Greenfields Petroleum Corporation, Land Holdings and Well Data 54
Developed and Undeveloped Acreage 54
Gross and Net Developed and Undeveloped Acreage, 2011-2015 54
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 55
Well Statistics 57
Producible Oil and Gas Well, 2011-2015 57
Producible Oil and Gas Well, By Country/Region, 2011-2015 58
Exploration and Development Wells Drilled, 2011-2015 62
Recent Developments 63
Greenfields Petroleum Corporation - Recent Developments 63
Nov 29, 2016: Greenfields Announces Financial And Operating Results For The Three And Nine Months Ended September 30, 2016 63
Oct 13, 2016: Greenfields Petroleum Announces Changes In Its Board Of Directors 65
Sep 09, 2016: Greenfields Announces The Completion Of The Corporate Restructuring Transaction And Early Loan Settlement And The Closing Of An Additional USD$3.0 Million Of Loan Funding 65
Aug 26, 2016: Greenfields Announces Financial Results For The Three And Six Months Ended June 30, 2016, Operations Update And Conversion Of Debentures 67
May 27, 2016: Greenfields Petroleum Announces Financial Results For The Three Months Ended March 31, 2016 And Operations Update 69
May 03, 2016: Greenfields Petroleum Plans To Drill 40 New Wells On Azerbaijan's Gum Deniz Field 72
Apr 29, 2016: Greenfields Petroleum Announces Financial And Operating Results For The Year-Ended December 31, 2015 72
Mar 09, 2016: Greenfields Petroleum Extends Loan Agreement For Bahar-Gum Deniz Block Development 75
Nov 19, 2015: Greenfields Petroleum Announces Financial Results For The Three And Nine Months Ended September 30, 2015 And Operations Update 75
Aug 27, 2015: Greenfields Petroleum Announces Financial Results For The Three And Six Months Ended June 30, 2015 And Operations Update 78
Appendix 82
Methodology 82
Coverage 82
Secondary Research 82
Primary Research 82
Data Information Sources 83
Company Source 83
SEC/Other Regulatory Filings 83
Other Sources 83
Expert Panel Validation 83
Data Definition 83
Oil and Gas Reserves 83
Units of Measure 84
About GlobalData 84
Disclosure 84
Disclaimer 84
List of Tables
Table 1: Greenfields Petroleum Corporation, Key Facts 7
Table 2: Greenfields Petroleum Corporation, Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: Greenfields Petroleum Corporation, Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: Greenfields Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Table 5: Greenfields Petroleum Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 11
Table 6: Greenfields Petroleum Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 12
Table 7: Greenfields Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 13
Table 8: Greenfields Petroleum Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 14
Table 9: Greenfields Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 15
Table 10: Greenfields Petroleum Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 16
Table 11: Greenfields Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 17
Table 12: Greenfields Petroleum Corporation, Share Price Performance, 2011-2015 18
Table 13: Greenfields Petroleum Corporation, Key Valuation Metrics, 2011-2015 19
Table 14: Greenfields Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Table 15: Greenfields Petroleum Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 23
Table 16: Greenfields Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 24
Table 17: Greenfields Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25
Table 18: Greenfields Petroleum Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 27
Table 19: Greenfields Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 28
Table 20: Greenfields Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29
Table 21: Greenfields Petroleum Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 31
Table 22: Greenfields Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 32
Table 23: Greenfields Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 33
Table 24: Greenfields Petroleum Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 35
Table 25: Greenfields Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 36
Table 26: Greenfields Petroleum Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 37
Table 27: Greenfields Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 38
Table 28: Greenfields Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 40
Table 29: Greenfields Petroleum Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 42
Table 30: Greenfields Petroleum Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 46
Table 31: Greenfields Petroleum Corporation, Revenue and Expenses, US$ mil, 2011-2015 47
Table 32: Greenfields Petroleum Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 49
Table 33: Greenfields Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 50
Table 34: Greenfields Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 52
Table 35: Greenfields Petroleum Corporation, Oil and Gas Performance Metrics, 2011-2015 53
Table 36: Greenfields Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 54
Table 37: Greenfields Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 56
Table 38: Greenfields Petroleum Corporation, Producible Oil and Gas Wells, 2011-2015 57
Table 39: Greenfields Petroleum Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 61
Table 40: Greenfields Petroleum Corporation, Exploratory and Developed Wells, 2011-2015 62
List of Figures
Figure 1: Greenfields Petroleum Corporation, Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 8
Figure 2: Greenfields Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: Greenfields Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Figure 4: Greenfields Petroleum Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 12
Figure 5: Greenfields Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 13
Figure 6: Greenfields Petroleum Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 14
Figure 7: Greenfields Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 15
Figure 8: Greenfields Petroleum Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 16
Figure 9: Greenfields Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 17
Figure 10: Greenfields Petroleum Corporation, Share Price Performance, CAD/Share, 2011-2015 18
Figure 11: Greenfields Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 19
Figure 12: Greenfields Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 20
Figure 13: Greenfields Petroleum Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 22
Figure 14: Greenfields Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 22
Figure 15: Greenfields Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 24
Figure 16: Greenfields Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25
Figure 17: Greenfields Petroleum Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 26
Figure 18: Greenfields Petroleum Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 26
Figure 19: Greenfields Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2015 28
Figure 20: Greenfields Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29
Figure 21: Greenfields Petroleum Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 30
Figure 22: Greenfields Petroleum Corporation, Gas Production, By Country/Region, bcf, 2011-2015 30
Figure 23: Greenfields Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2015 32
Figure 24: Greenfields Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 33
Figure 25: Greenfields Petroleum Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 34
Figure 26: Greenfields Petroleum Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 34
Figure 27: Greenfields Petroleum Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 28: Greenfields Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 36
Figure 29: Greenfields Petroleum Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 37
Figure 30: Greenfields Petroleum Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 38
Figure 31: Greenfields Petroleum Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 39
Figure 32: Greenfields Petroleum Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 39
Figure 33: Greenfields Petroleum Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 41
Figure 34: Greenfields Petroleum Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 43
Figure 35: Greenfields Petroleum Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 43
Figure 36: Greenfields Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 44
Figure 37: Greenfields Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 44
Figure 38: Greenfields Petroleum Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 45
Figure 39: Greenfields Petroleum Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 45
Figure 40: Greenfields Petroleum Corporation, Revenue and Expenses, US$ mil, 2011-2015 47
Figure 41: Greenfields Petroleum Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 48
Figure 42: Greenfields Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 50
Figure 43: Greenfields Petroleum Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 51
Figure 44: Greenfields Petroleum Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 51
Figure 45: Greenfields Petroleum Corporation, Oil and Gas Performance Metrics, 2011-2015 53
Figure 46: Greenfields Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 54
Figure 47: Greenfields Petroleum Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 55
Figure 48: Greenfields Petroleum Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 55
Figure 49: Greenfields Petroleum Corporation, Producible Oil and Gas Wells, 2011-2015 57
Figure 50: Greenfields Petroleum Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 58
Figure 51: Greenfields Petroleum Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 58
Figure 52: Greenfields Petroleum Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 59
Figure 53: Greenfields Petroleum Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 59
Figure 54: Greenfields Petroleum Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 60
Figure 55: Greenfields Petroleum Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 60
Figure 56: Greenfields Petroleum Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 61
Figure 57: Greenfields Petroleum Corporation, Exploratory and Developed Wells, 2011-2015 62