37
TITAN OIL RECOVERY WWW.TITANOILRECOVERY.COM WE GET IT

Titan Investment Deck

Embed Size (px)

Citation preview

Page 1: Titan Investment Deck

TITAN OIL RECOVERY

WWW.TITANOILRECOVERY.COM

WE GET IT

Page 2: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

DISCLOSURE

2

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included herein that address activities, events or developments that the Company expects, believes, intends, or anticipates will or may occur in the future, are forward-looking statements. Actual events may differ materially from those anticipated in the forward-looking statements. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate. There can be no assurance that the forward-looking statements included in this presentation will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company that the objectives and expectations of the company will be achieved.

Page 3: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE PROBLEM65% of the World’s Oil in Existing Oil Fields is trapped and cannot be recovered….

6.2 Trillion Trapped Barrels of Oil in Existing Oil Fields

OIL TRAPPED IN STONE

3

Page 4: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE SOLUTIONTitan Oil Recovery

4

We Free Trapped Oil Using the Sciences of Nature

Proven - Proprietary - Eco Friendly - Low Cost Average Well Production Doubles as a Result of The Titan Process

Page 5: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE

5

COMPANY

Page 6: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Energy Technology Company

Recover Oil Using Proprietary

Biotechnology

Solving a Global Problem

6

For a Multi-Billion Dollar EOR

Market

PROVEN + PROPRIETARY + PRECISE

Page 7: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Environmentally Safe

7

Lowest Cost Solution Available

($10 Per Incremental Barrel)

Market Leader Based on Results

Elite Experienced Leadership Team

CLEANER + FASTER + CHEAPER

Page 8: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

PROVEN RESULTS

8

300 + Well Applications

40 Oil Fields

Four Continents

104% Average Increase in Production

Page 9: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Brian W. G. Marcotte, CEO, Director

During his 34-year career with Unocal Corporation, Mr. Marcotte held the positions of:  President Unocal Thailand, President Unocal Indonesia, and President Unocal Netherlands. In these capacities he was responsible for all aspects of oil and gas exploration, development and production for the respective countries—onshore, offshore and in deepwater environments. Mr. Marcotte is also sits on the Board of Directors. 

C. Paul Davis, Senior Vice President and Chairman of Advisory Board

Over the past 25 years Mr. Davis has successfully started seven of his own California companies and PerfectData Corporation through a successful public offering. He has over 35 years of experience in the computer industry where he worked in various field sales and home office management positions for companies like Addressograph-Multigraph Corporation, Sperry Rand UNIVAC and DataProducts. Mr. Davis is also a Board Member and Chairman of Titan’s Advisory Board

Alan Sheehy, Vice President & Principal Scientist

Professor Alan Sheehy is Professor of Microbiology at the Microbiology Research Unit, Sunshine Coast, Queensland, Australia. Professor Sheehy has 38 years of experience in microbiology, with the last 20 years in collaborative projects with major oil and gas producers resolving industrial issues. His appointments include inaugural Dean of Science and Professor of Microbiology at the University of the Sunshine Coast, Queensland, Australia.

Michael T. Carroll, Vice President Technology

Mr. Carroll has most recently served as Vice President of Technology for LOSL (now merged with Titan) and Senior Vice President Operations for Biofriendly Corporation. He also serves as CEO and Chairman of the Board of Helio Environmental Solutions, an alternative energy company bringing zero-emission energy to market. He previously served as Vice President Sales and Marketing for Biofriendly Corporation and was a Senior Project Engineer for Peck/Jones Construction.

MANAGEMENT TEAM PROVEN

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com9

Page 10: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Dr. John Sibert, III, Director

Dr. Sibert is a member of the Malibu California City Council and serves as Mayor Pro Tem. He is former Managing Director of Global Financial Group, ex-Manager of Research and Development for Atlantic Richfield. Division Administrator of the California Institute of Technology, Trustee of Claremont Graduate University, Consultant to NASA and Jet Propulsion Lab., Board of Governors of the National Coastal Resources Institute, Advisory Board of the Oceans and Atmosphere Association. Ex-Executive Director of the Alaska Science and Technology Foundation. Ph.D. University of California, San Diego.

Kenneth J. Gerbino, Chairman

Head of Kenneth J. Gerbino & Company, an investment management firm now in its 37th year. The company manages the Gerbino Gold Group, LLC as well as private equity accounts. Previously a Director of the Los Angeles Unified School District Annuity Reserve Board, Athena Gold Corporation, and Fortress Technologies, Inc. Former co-manager of the publicly traded mutual fund, The Growth & Income Fund, part of the Reserve Funds family of Funds. Founder and ex-Chairman of the American Economic Council

BOARD OF DIRECTORSEXPERIENCED

Frank Easterly, Director

Frank Easterly serves as Chairman, Integrated Global Services LLC, an industrial service platform servicing electrical power generation and global upstream oil and gas operations. He also serves as Chairman, Last Mile Technologies LLC, a transformational multichannel payment network serving e-commerce and m-commerce in the United States. He is Chairman of Intech OY, and ZAO-Asia, a subsoil service provider for the EPC-M oil project in Kazakhstan.

C. Paul Davis, SVP, Director

Over the past 25 years Mr. Davis has successfully started seven of his own California companies and PerfectData Corporation through a successful public offering. He has over 35 years of experience in the computer industry where he worked in various field sales and home office management positions for companies like Addressograph-Multigraph Corporation, Sperry Rand UNIVAC and DataProducts. Mr. Davis is also Chairman of Titan’s Advisory Board

Robert W. Carroll, Director

Chairman and CEO of the Biofriendly/Green Plus group. Active inventor, co-inventor of Green Plus® combustion catalyst along with William F. Carroll, Noel Carroll and Michael T. Carroll. Co-inventor of the original Vortoil oil-water separator system and other environmental products. Co-founder of BWN Automatic Doors, BWN Vortoil and Live Oil Services, all originally Australian based.

Brian W. G. Marcotte, CEO, Director

During his 34-year career with Unocal Corporation, Mr. Marcotte held the positions of:  President Unocal Thailand, President Unocal Indonesia, and President Unocal Netherlands. In these capacities he was responsible for all aspects of oil and gas exploration, development and production for the respective countries—onshore, offshore and in deepwater environments. Mr. Marcotte is also sits on the Board of Directors. 

Michael T. Carroll, VP, Director

Mr. Carroll has most recently served as Vice President of Technology for LOSL (now merged with Titan) and Senior Vice President Operations for Biofriendly Corporation. He also serves as CEO and Chairman of the Board of Helio Environmental Solutions, an alternative energy company bringing zero-emission energy to market. Engineer for Peck/Jones Construction.

10

Page 11: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Gareth ChangMr. Chang has served on the Board of Directors of Apple Computer, Palm, Inc, and Agile Software, and has been a member of Nike's Advisory Board. He brings more than 30 years of international hands-on business experience to Titan’s Advisory Board with a special emphasis on China. 

Mr. Chang has a visiting professorship at Tsinghua University, Beijing University of Aerospace and Aeronautics as well as Portland State University. He is currently the Managing Director of GC3 and Associates International; the Chairman of D5 Studio, Click2Asia, and Alpha Media Ventures dedicated to the Asian culture; and is a member of Council on Foreign Relations. He has been recognized with some special awards during his business career, including:  “One of the 125 Thinkers of the World” by Forbes, International Citizen of the Year” by the State of California, and  “Outstanding Personality” by the Chinese Americans.

Maurice Strong

Founding Chairman and ex-CEO of PetroCanada, now the 9th largest oil company in North America Former Chairman of Ontario Hydro, North America’s largest utility and ex-Vice Chairman of Tosco Corporation. He is currently Senior Adviser to the Secretary General of the United Nations, Chairman of the Earth Council and on the International Advisory Board of Toyota Motor Corporation. He is a former Trustee of the Rockefeller Foundation and Senior Adviser to the President of the World Bank.

Dr. Alan J. Heeger

The recipient of the Nobel Prize in Chemistry 2000 for his research and discoveries in the field of conductive polymers, Dr. Heeger brings a successful academia, technical, and business background to Titan’s Advisory Board. He is currently Professor of Physics and Professor of Materials at the University of California, Santa Barbara.Dr. Heeger has 60 issued patents and has written over 600 professional articles that have been  published in leading scientific publications. He was Founder, Chairman, and President of UNIAX Corporation where his proprietary conductive polymer technology was successfully commercialized. Dr. Heeger has been the recipient of many prestigious Honorary Degrees at leading domestic and international colleges and universities.

ADVISORY BOARDELITE

C. Paul Davis, Advisory Board Chairman

C. Paul Davis has 35+ years of experience in the computer industry where he worked in various sales and home office management positions for companies like Addressograph-Multigraph Corporation, Sperry Rand UNIVAC and DataProducts Corporation. Mr. Davis has successfully started seven of his own California companies and took one (PerfectData Corporation) through a successful IPO. Some of his other companies included: TEDA Corporation, CompuRite Ribbon Corporation, Permabyte Corporation, Technology Marketing, COMAT Technologies Corporation, a consultant to Neste Og (Finland’s largest company) and UNIAX Corporation, the co-inventors that won Dr. Alan Heeger a Nobel Prize in Chemistry in 2000, and ACORN Golf, Incorporated. Mr. Davis has served on seven Boards and holds six patents. He was the Co-Founder and Vice Chairman of SO/CAL/TEN Forum in Southern California and Co-Founder of the MIT Business Forum on the Central Coast. He is past President of the Las Positas Park Foundation.

11

Page 12: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

MARKET LEADERWE LEAD THE MARKET IN ORGANIC OIL RECOVERY

2012 Rice Alliance Technology and Clean Tech Forum in Houston, Texas

Attended by industry specialists from the world’s top companies.

300 Energy experts voted Titan Oil Recovery as “Most Promising New Technology”

Kenneth J. Gerbino, Founder & Chairman and Brad Govreau, COO of Titan Oil Recovery Inc. with the Rice Award in Houston September 13, 2012

12

Page 13: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE MARKET

13

Page 14: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Trapped Oil Is The Largest Global Economic Resource

The Titan Process Allows Oil Operators to Release  and Produce Trapped Oil

14

Page 15: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE MARKET

• 20,000 Global Oi l Fields in Titan’s Sweet Spot

• Addressable Mult i- Billion Dollar Market Annually - On and Offshore

• “80% of Oil Production is from Mature Oil Fields” - Halliburton

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com15

Page 16: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

COMPETITIVE LANDSCAPE

16

Limited Competition

High Barriers to Entry

Market Leader Based on Results

Page 17: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THETECHNOLOGY

17

Page 18: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE TITAN PROCESS®

PROVEN

18

PROPRIETARY PRECISE

Organic Oil Recovery

New Science

All Natural

Safe

Page 19: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE TITAN PROCESS®

PROVEN

19

PROPRIETARY PRECISE

Manage Biology & Ecology of Oil

Reservoir

Changes Cell Structure of

MicroorganismsOil Flows

Freely

Page 20: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Original Oil Field:

Primary production is caused by internal reservoir pressures that have built up over millions of years. This pressure forces a flow of liquids towards the well bore which acts like a release valve. Years of oil production takes place and approximately 20% of the original oil in place is recovered.

Oil Field After Several Years:

The pressure of the reservoir abates and recovery now has to be aided by forcing water under very high pressure into the reservoir that will push oil towards the production well. This is called a “water flood” and is the most common secondary oil recovery method. The water, pushing through the porous carbonate or sandstone, recovers another 10-15% of the original oil in place.

THE TITAN PROCESS®

OIL TRAPPED IN STONE65%

20

Page 21: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Microbial Interaction

Micro-droplets are formed by the interaction of oil, water, resident microbes and field-specific nutrient materials which allow the micro-droplets to flow through the rock

Trapped Oil Is Released

The Process releases trapped oil and allows it to be produced by Secondary Recovery Processes

THE TITAN PROCESS®

21

Page 22: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THE TITAN PROCESS®

Proven - Proprietary - Eco Friendly - Low Cost - High Margin

5. Full Field RecoveryWe administer the process on multiple wells, dramatically increasing oil recovery

2. Laboratory AnalysisThe “Core” of the Process.

1. Field ScreeningSimple Reservoir

Questionnaire.

4. PilotWater injection trial of the process

3. Field TestAn In-field one well test process and analysis

Five-Step Process

22

Page 23: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THERESULTS

23

Page 24: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

PROVEN RESULTSTHIS IS NOT AN IDEA - THIS IS ALREADY HAPPENING

More Barrels To Market

• Proven Success with Established Companies 100 Applications documenting average oil production increase of 127%. SPE 145054.

• Success in Texas: Atinum E&P, Inc. oil production increases ranging from 25-90%. SPE 154216

These Papers were selected for presentation and officially approved for publication by: The Program Committee for the 2009 SPE Annual Technical Conference in New Orleans, Louisiana 4-7 October 2009; The Program Committee for the 2010 SPE Improved Oil Recovery Symposium in Tulsa, Oklahoma 24 -28 April 2010; The SPE Kuala Lumpur, Malaysia Enhanced Oil Recovery Conference July 2011; The SPE Tulsa Improved Oil Recovery Symposium April 2012.

300 + Well Applications

40 Oil Fields

Four Continents

104% Average Increase in Production

Fields Treated by Titan

24

Page 25: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

% Increase in Production

15% 27%

300%

752%

% Increase in Production100%

225%

450%

533%

• SPE 124319 MEOR Success in Southern Saskatchewan : Husky Energy: Documents oil production increases of: 225%, 450%, 100% and 533% on various test wells.

• SPE 129742 MEOR Success in Southern California: Venoco Inc.: Documents oil production increases of: 300%, 15%, 27%, and 752% on various well tests in Southern California

PROVEN RESULTS

25

Page 26: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

PROVEN SUCCESS

• Customers include:

• Top 25 Largest Oil Company in the world

• 3 of Canada’s “Top 10” Oil Companies

• Success in Multiple Ecological Settings

• No Damaged Wells

• Successful Onshore and Offshore

• Average Production Doubles

• Most Documented SPE Field Treatment Results

WE CONTINUE TO DELIVER - WE ARE GROWING

26

Page 27: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

THEOPPORTUNITY

27

Page 28: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Titan Provides a Proven Solution to a Global Problem Market Size is Unrivaled First to Market With Viable TechnologyEarly Stage Risks Have Been EliminatedHigh Barriers to Entry for Competitors

VALUE TO INVESTORSINVEST IN PROGRESS

28

Page 29: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Five Years of Excellent ResultsExperienced Team with Proven SuccessProven Proprietary TechnologyLeverage $30 Million of Past R&DHigh Gross Margins (approx. 60%)

VALUE TO INVESTORSINVEST IN GROWTH

29

Page 30: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

Raising $20 Million to Deliver Product to Market

Share Class: Preferred - B

Share Price $1.00 / Share (US)

Equity Multiple 10x - 13x

Common Shares (F.D.) and 1.1 Million Preferred Shares

VALUE TO INVESTORSINVEST IN GROWTH

Gross Profit Margin 60% (Year 5)

Projected IRR: 50%

$49 Million Pre-Money Valuation

New Investors Will Own 27.6% of the Company

Capital Structure Post Raise: 65.2 Million

30

Page 31: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

CONTACT US

• Address9595 Wilshire Blvd. Suite 303, Beverly Hills, CA 90212

• Phone(310) 281-0015

Home Office

• Address3670 W. Temple Ave, Pomona, CA 91768

• Phone(909) 979-6694

Laboratory & Operational Offices

[email protected]

31

Page 32: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

WWW.TITANOILRECOVERY.COM

ARE YOU WITH US?

32

Page 33: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

• Allows Titan to Service More Fields Globally

• Increases Personnel from 10 to 76 Over Five-Year Period

• Servicing Fields Producing 3,700 to over 170,000 bopd*

USE OF FUNDS

$0

$37,500,000

$75,000,000

$112,500,000

$150,000,000

1 2 3 4 5

Revenue Projections After Funding

* Barrels of Oil Per Day

FUNDING PROVIDES EXPANSION AND GROWTH

33

Page 34: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

• Personnel– Business Development Engineers– Business Support – Field Technical Personnel– Laboratory Scientists and Technicians

• Payables Previously Deferred for IP Ownership• Expand Laboratory Facilities• Incentive Programs to Entice New Clients• Additional PR, Advertising and Marketing Efforts

USE OF FUNDS

34

Page 35: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

USE OF FUNDS

• Expanded Operations and G&A Support $9,000,000 - Laboratory Facilities, Offices and Equipment - Business Development Engineers and Field Personnel - Laboratory Scientists and Technicians - Public Relations, Advertising and Marketing

• Organizational Restructuring: $2,500,000• Intellectual Property (IP) $1,500,000• Research and Development $2,000,000• Capital Raising / Financing Costs $1,000,000• International Joint Ventures $750,000• Legal, Accounting and Tax Consulting $500,000• Current Payables and Incurred Expenses $750,000 Total Use of Funds: $20,000,000

35

Page 36: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

• Discussions with National Oil Companies in SE Asia with new supply hub in Singapore

• The Company will hire 4-6 business development engineers for the U.S., Canada and Europe to generate new business - post-funding

• Mature Areas of the Middle East are Prime Targets for Deployment – now discussing service joint ventures for Kuwait, UAE, Oman and Saudi Arabia

• Indonesian Partner is helping to pursue Indonesian opportunities. Two successful well treatments has opened the door with a major producer

RECENT DEVELOPMENTS

36

Page 37: Titan Investment Deck

Titan Oil Recovery, Inc. of 37 www.titanoilrecovery.com

• Currently screening additional US Fields for treatment• Shallow water Gulf of Mexico provides a large “mature”

market for Titan• A total of 362 fields have been identified as candidates in the

US southern mid-continent (44,000 wells/500,000 bopd) • The U.K. North Sea presents a large opportunity and new

UK legislation could prove to be a catalyst for market growth in that region

• Joint Venture has been initiated in Thailand• Joint Venture has been initiated in Mexico

RECENT DEVELOPMENTS

37