Brochure - osyka corporation

Osyka
Corporation
Osyka Corporation
Sugarland Pipelines, LLC.
Crude Oil & Natural Gas Pipelines
Sugarland Pipeline, LLC was formed to develop natural gas and crude oil pipelines to evacuate production
from its sister company's oil and gas fields. Currently the company owns and operates the Holiday Gas Pipeline
and Compressor Station in Adams County, Mississippi. It also owns and operates a gas pipeline and gathering
system in Jackson County, Texas. The company continues to pursue oil and gas pipeline assets in the states of
MISSION
Texas, Louisiana and Mississippi. Management is also looking into acquiring or constructing new saltwater
disposal lines to connect producing fields to saltwater disposal systems.
Osyka Corporation is an independent oil and gas company. We explore for, find and
develop petroleum resources for our customers.
We conduct our business
responsibly to achieve a superior growth and long term sustainable financial
returns for the benefit of our shareholders and investors. We recognize that our
employees are our most valued assets, and through them we are committed to
providing superior returns to our shareholders.
HOUSTON, TX
Osyka Corporation
Akamba Osyka Petroleum (Calabar) Ltd.
Our History...
Board of Directors
Overview of Osyka Corporation
Michael F. Harness -- Director
More than 33 years of industry experience with Amoco Corporation, Texas Eastern Corporation and Osyka
Corporation. Current responsibilities include development of Corporate Growth Strategy/ execution of
Operating Plan, as well as negotiations and strategic relationship management. Founded Osyka Corporation
in 1990. Has a BS degree in Mechanical Engineering from Southern University and a MS degree in Petroleum
Engineering from Tulane University. Former Member of the National Petroleum Council. Former Member of
• Private Exploration & Production Company
• Incorporated Initially in 1990 as a Texas Corporation
• Reincorporated In Nevada 2002
the Board of Directors of Pioneer Drilling Company. Extensive industry and government contacts.
• Apply an Independent Oil Producer Success Model – Development of Core U.S. Based Production Through
Acquisitions Using Bank Financing
Tyrone G. Byrd -- Director
• Established, Going Concern (19 Years) – Efficient Operating Structure
Mr. Byrd was appointed to the Board of Directors in April 2010. Previously Mr. Byrd served as Executive Vice
President and Chief Financial Officer until 2006. He is currently President of Y & T Development, LLC, a privately
held real estate company. Before joining Osyka, he served as Treasurer of Texaco Worldwide Exploration and
Production Company and Assistant Treasurer of Texaco Inc. as well as served on the Finance Department
• Focus On Near-Term Acquisitions with Infill Drilling Opportunities and Early Cash Flow
• Current Initiative – Evaluate New Acquisitions and Drilling Opportunities to Support an Investment
Program that Provides the Basis for Further Maximum Portfolio Growth
Leadership Team. Mr. Byrd also served as Vice President and Section Manager of Citibank from 1986-1989 and
from 1977-1986 at Texas Commerce Bank (now JP Morgan Chase). He has an AB in History from Dartmouth
College (Cum Laude) and acquired an MBA from the University of Chicago.
• Expand to Select International Locations that Provide Unique Entry Opportunities, Low Cost and
Moderate Political Risk
Robert Glover -- Chairman
Has more than 26 years in banking, finance, and shipping worldwide. Currently, chairman of ROPA Corporation,
where he coordinates international trade. Mr. Glover holds a BA degree in economics from the University of
Maryland (1982).
Osyka Corporation
Who We Are
Key Components Osyka Operational Framework
Board of Directors
Osyka Holdings Ltd.
Osyka Energy Trading
Was established to provide a marketing and supply management service to the product wholesalers in the
international Natural Gas, Crude, and Refined Petroleum Products Industry. The Company purchases for resale
hydrocarbon fuels for local distribution companies, industrial and commercial end-users, with primary focus to
create a market for the hydrocarbons produced by its sister companies.
• Widely Recognized and Respected Leaders -- Record of Building Successful Businesses
• Long-Term Leadership Roles in Petroleum and Finance Industries
• Active Role in Implementing Business Plan – Develop Opportunities
• Leverage Extensive Governmental and Industry Contacts
• Complement and Extend Management Team
Management Team
• Efficient Operating Structure
Akamba Osyka
Petroleum (Calabar) Ltd.
• Small Core Unit – 8 Professionals
• Average + 30 Years Domestic and International Upstream Experience
• Geoscience, Commercial, Engineering, Operations, & Financial Expertise
• Practical Experience – Majors, Independents, Start-Ups, Consulting
• Extensive Base of Contacts Worldwide
Expertise Network
• Extensive Network of Proven Consultants in Place
• Geoscience, Operations, Economics, Legal
• Project-Specific, Directly Applicable Expertise as Required
• Worldwide Representation – Access to Data and Opportunities
• Flexible, Cost-Effective Framework
Akamba Osyka Petroleum (Calabar) Ltd. was incorporated under the laws of the Federal Government of Nigeria
in 2009. The company was established as an independent oil and gas company to participate in the exploration
and production activities of Nigeria. An affiliate company of
Osyka Corporation, the new company has all of the international
technical expertise of Osyka Corporation, while maintaining
strongest commitment to Nigerian indigenous employees. and
communities
During the past years, Osyka Holdings, Ltd. has participated in
several onshore and offshore licensing rounds. The company
continues to execute its strategy for growth by negotiating joint
venture relationships, alliances and direct government
negotiations.
Management believes that improvements in seismic and drilling
technology will allow its staff of professionals to add value at low
cost to smaller less desirable projects. We believe that through
teamwork of the local staff and the international staff, we will
have the ability to anticipate and effectively respond to change
and to create opportunity
Osyka Corporation
Osyka Corporation
Osyka Corporation
Osyka
Corporation
Osyka
Osyka Corporation was established in August, 1990, to capture
“Osyka”
Choctaw Indian meaning,
“Soaring Eagle”
opportunities in the energy industry resulting from a period of weak
Holdings Ltd.
Taking Excellence
to Another Level
economic performance in the U. S. The corporation is focused on two core business sectors, oil and
gas production through low risk exploration and acquisition of producing properties; and, wellstream
and refined petroleum products marketing. In the U.S. Management established two divisions: Osyka
Energy Trading Company and Osyka Technical Services Company. Osyka Energy Trading Company is
engaged in developing marketing opportunities for wellhead and refined petroleum products and
supplies. Osyka Technical Services Company offers oil and gas property management and evaluation
services to third parties.
Through its wholly owned subsidiary, Osyka Permian, LLC management pursues domestic oil and gas
exploration and production. The company also owns and operates a network of natural gas and
crude oil pipelines through its wholly owned subsidiary, Sugarland Pipeline, LLC. Osyka pursues
international projects through its affiliate Osyka Holdings Limited. Management also established an
affiliate company in Nigeria to pursue oil and gas projects. This new company, Akamba Osyka
Petroleum (Calabar), will focus primarily on the onshore and shallow waters of Nigeria.
International
Energy Trading
Crude Oil and
Natural Gas and
LNG
Akamba Osyka
Petroleum
(Calabar) Ltd.
Nigeria
Exploration and
Production
Osyka Technical
Services Co
International
Exploration and
Production
• West Africa
• North Africa
• Latin America
Osyka
Ghana Ltd
Ghana
Exploration and
Production
Osyka is a private, 100 percent African-American owned energy company headquartered in Houston,
Texas. It is anticipated that listening to our customers and showing our flexibility in responding to
their needs, Osyka Corporation and it affiliates will continue to grow.
Sugarland Pipeline , LLC
Osyka Resources , LLC
Osyka Permian, LLC
Osyka Holdings Limited
Osyka Corporation
Strategic Plan
Strategic Framework
Osyka Corporation
Osyka Permian, LLC
U.S. Exploration & Production
• Focus on High Potential Development Opportunities
• Leverage Osyka’s Competitive Advantages
• Priority Regions: United States, Africa, Middle East And Latin America
• Add Value to Projects – Technical, Commercial
• Access Industry Capital for Higher Cost/risk Upstream Operations on Leveraged Basis
• Target Retained Interest in 25-50% Range in Successful Projects
Project Guidelines
• Ahead of the Competition
• Establish Bi-Lateral Discussions
• By-passed Opportunities
• “Problems” as Opportunities (i.e. Market and Project Size)
Osyka Permian, LLC was established in October 2002, to evaluate and acquire producing oil and gas properties.
The area of focus is primarily the southern United States, along the onshore Gulf Coast. The company has
participated in exploration projects in South Texas, Southeast Texas, South Louisiana and Mississippi. Osyka
Permian LLC holds working interest in oil and gas wells located in Mississippi and additional wells in El Toro,
Clinton and North Hitchcock Fields in Texas.
Continuing to execute its initial strategy, the company is intensely involved in appraisals of producing properties
with sole purpose of acquiring an operated or non-operated working interest. Currently targeted are properties
characterized by strong to medium cash flows with low risk and incremental development potential.
Through in-depth studies and recent advances in 3-D seismic and drilling technology, Osyka Permian, LLC is able
to assess both technically and economically the incremental potential of properties (i.e., in-fill and offset drilling
and secondary recovery) with a high degree of certainty. Through these efforts, Osyka Permian, LLC can bid
competitively for proven reserve value while capturing low risk proven undeveloped and high degree probable
reserves at below market cost. In order to achieve high returns on incremental reserves, Osyka Permian, LLC will
minimize the capital requirements to move reserves from the proved underdeveloped and probable categories
to provide producing. Considering the background and experience of the staff of Osyka, it is uniquely poised to
identify and capture these opportunities.
• Upside Reserves and/or Value Generation Potential
• Extensive Follow-Up if Play Successful -- ‘Multiplier’ Effect
• Limited Commitments/Obligations
In the long term, as non-operating expenses increase, securing a controlling interest and the role of operator of
properties will continue to be a primary focus.
• Favorable Commercial Terms Yielding Attractive Risked Economic Returns
Tellahala Creek
Field
• Marketable Product -- Ability to Attract Industry Capital
Holiday Field
Waldrup Field
Prairie Branch
Field
Watts Creek
Field
Hwanee Field
W. Eucutta Field
HOUSTON, TX
Sandhill Field
Avera Field
Reedy Creek
Field
El Toro SW
Valentine Field
Lolita Field
Sheriff Field
Osyka Corporation
Osyka Corporation
Osyka Corporation
Osyka Corporation - Summary
Osyka
Corporation
•
•
•
•
•
Established, Going Concern
Development of Strong Base Portfolio
Current Focus on Near-term Opportunities with Early Cash Flow Potential
Number of Additional Opportunities Identified and/or Under Development
Seeking Next Round of Private Equity
• Efficiently Exploit Current Project Base
• Accelerate Follow-Up to Drilling Success
• Add Quality New Opportunities
• Add New International Opportunities to Existing Portfolio
Board of Directors
Michael F. Harness -- Chairman, President & CEO
More than 33 years of industry experience with Amoco Corporation, Texas Eastern Corporation and Osyka
Corporation. Current responsibilities include business development/ acquisitions, operations, negotiations
and strategic relationship management. Founded Osyka Corporation in 1990. Has a BS degree in Mechanical
Engineering from Southern University and a MS degree in Petroleum Engineering from Tulane University.
Former member of the National Petroleum Council. Former Member of the Board of Directors of Pioneer
Drilling Company. Extensive industry and government contacts.
•
•
•
•
Osyka
Permian, LLC
Osyka
Holdings, LTD
Sugarland
Pipeline, LLC
U.S. Exploration
& Production
International
Exploration &
Production
Crude Oil &
Natural Gas
Pipelines
Mississippi
Louisiana
Texas
Wyoming
• West Africa
• North Africa
• Latin America
• Mississippi
• Louisiana
• Texas
Osyka
Resources, LLC
Tyrone G. Byrd -- Director
Mr. Byrd was appointed to the Board of Directors in April 2010. Previously Mr. Byrd served as Executive Vice
President and Chief Financial Officer until 2006. He is currently President of Y & T Development, LLC, a privately
held real estate company. Before joining Osyka, he served as Treasurer of Texaco Worldwide Exploration and
Production Company and Assistant Treasurer of Texaco Inc. as well as served on the Finance Department
Leadership Team. Mr. Byrd also served as Vice President and Section Manager of Citibank from 1986-1989 and
from 1977-1986 at Texas Commerce Bank (now JP Morgan Chase). He has an AB in History from Dartmouth
College (Cum Laude) and acquired an MBA from the University of Chicago.
C. Duane Roberts -- Director
Mr. Roberts was appointed to the Board of Directors in April 2010. Mr. Roberts is currently co-founder and
Managing Director of Charis Partners LLC and Charis Industries Co. Mr. Roberts has worked for such firms as
Blinder Robinson and Company, Thomas James and Associates, J. B. Oxford & Company, and J. C. Bradford &
Company before it was purchased by Paine Webber Inc. Mr. Roberts has served as Financial Advisor and
Investment Advisor for many individuals and small cap companies trading on the OTC. He holds a B.S. degree
in Accounting and Finance and a minor in Economics from the University of Central Arkansas.
Osyka Corporation
Osyka Corporation
Osyka Corporation
Management Team
Management Team - (continued)
Michael F. Harness -- President & CEO
William H. Green -- Vice President
More than 33 years of industry experience with Amoco Corporation, Texas Eastern Corporation and Osyka
Has extensive petroleum industry experience in the area of geosciences and operations
Corporation. Current responsibilities include development of Corporate Growth Strategy/ execution of
which exceeds 33years. Responsible for petroleum exploration and production operations
Operating Plan, as well as negotiations and strategic relationship management. Founded Osyka Corporation
in a number of countries around the world. A world class oil and gas finder onshore US as
in 1990. Has a BS degree in Mechanical Engineering from Southern University and a MS degree in Petroleum
well as shallow water and deep water offshore Gulf of Mexico. His work experience include such companies as
Engineering from Tulane University. Former Member of the National Petroleum Council. Former Member of
Amoco Production Company, Mobil Exploration and Production Company and British Petroleum. Provided
the Board of Directors of Pioneer Drilling Company. Extensive industry and government contacts.
consulting services as an Independent geophysicist to such companies as Harken Energy, Burlington
Resources and Samedan to name a few. Considered an expert in the use of Landmark, Geoquest, Proton, and
Terence Drew -- Controller
SMT-Kingdom geophysical interpretation software. He holds a BS Degree in Geology and a minor in
Mr. Drew joined the Company on March 16, 2011 and was appointed Controller on April 14, 2011. Prior to
Mathematics from Memphis State University.
joining Osyka, Mr. Drew was Branch Manager for DiverseStaff, Inc. where he helped develop and expand the
company is several Texas cities. Prior to that Mr. Drew was an independent consultant providing IT and
Ken Yarbrough -- Vice President
accounting support to companies in the Houston market area. Mr. Drew started his career with Texas Eastern
His extensive petroleum industry experience in the area of geology and operations. His responsibilities have
as a Senior Accountant where he worked for several years in various areas of accounting (revenue, payables,
included the duties as a geologist conducting regional studies , development geology and portfolio
financial reporting and corporate accounting).
management for offshore Gulf of Mexico, South Louisiana, South Texas and the Texas Shelf. He is a world class
oil and gas finder onshore U.S. as well as shallow water offshore Gulf of Mexico. His work experience includes
Mr. Drew has dual degrees with a Bachelor of Business Administration and a Bachelor in Management
more than 32 years with Conoco, Inc. He holds a B.S. Degree in Geology from Virginia State University.
Information Systems from the University of Houston. Mr. Drew is also a Certified Public Accountant.
Victor W. Taylor -- Vice President
Ron L. Lewis -- Vice President & Controller
Mr. Taylor directs reservoir surveillance and coordinates field engineering operations. Mr. Taylor joined Osyka in
Mr. Lewis has more than 29 years experience in the areas of General Accounting, Auditing and Forensic
2006 with 28 years of experience in the petroleum industry. He has extensive experience working with
Accounting with major energy and petrochemical companies. He was previously employed with Lyondell
technical and operational teams to explore, develop and operate oil and gas fields. He has worked East Texas,
Chemical Company's Legal Department as Manager of Global Internal Investigations. Prior to that he was the
Gulf Coast, and Michigan Basin projects onshore and both OCS Shelf and deepwater in the Gulf of Mexico.
Manager of Internal Audit responsible for both domestic and international activities. Ron has held several
senior positions in Accounting and Auditing with Atlantic Richfield Oil and Gas Company (acquired by BP). He
He holds a B.S. degree in mechanical engineering from Prairie View A&M University where he graduated
was a former Special Agent with the Internal Revenue Services' Criminal Investigation Division.
magna cum laude. He also holds a MBA degree from the A.B. Freeman School of Business at Tulane University
Mr. Lewis has a BS degree in Accounting from the University of Nevada at Las Vegas and a Master Degree from
and a Certificate of Management in Energy from the J.H. Jones Graduate School of Management at Rice
the University of Colorado. He is a Certified Forensic Accountant. He has served on several advisory boards,
University.
most recently the Philadelphia Urban League.
Osyka Corporation