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Nicholas Harvey Harvey Rock Physics

Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

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Page 1: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Nicholas Harvey

Harvey Rock Physics

Page 2: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Disclaimers

• This is a public forum, and your information is public. If you have confidential information to share, or intellectual property, please do so in later private meetings.

• The goal of this event is to trigger interest and to encourage interested parties to connect and start a conversation.

• It is our hope that the conversations will be productive.• These presentations may include forward-looking statements, which are subject to

risks and uncertainties, and both financial and technical results may differ from projections.

• The materials presented are for general information only, and are not intended to be complete, nor to function as operational documents. We make no warranty or representation that information is accurate, up to date or complete. We do not accept responsibility or liability to users or any third parties in relation to the use of the materials or their contents. No warranty, whether express or implied is given in relation to such materials. We shall not be liable for any technical, editorial, typographical or other errors or omissions within the information provided on this website, nor shall we be responsible for the content of any web images or information linked to this website

Page 3: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Mobile & Gesture Based Technology• LogScope - Disruptive Technology

• Convenient – Mobile

• Flexible – Integrates

• Easy to use – Intuitive

• Cost effective – Inexpensive

• Good enough – Technically robust

• Tactile interface – Gesture base

• Multi-Platform/Device - iPad & Windows

• LogScope Fiber - Emerging Fiber Optic Technology

• Rapid data display

• Integration of immense data sets

• Select & Export to other applications • Investment Return– Sits on everyone's desktop– Advance Tablet functionality– First to integrate emerging data types– Clear leader in mobile/gesture platform

• HRP History– Launched in 2011– Five (5) years development time– Founder Investment: $1.0 MM

Page 4: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Team MembersNicholas Harvey has worked in the Oil and Gas as well as mining industry for over 30 years and is principal of Harvey Rock Physics. He obtained a degree in Applied Geology from Curtin University, Perth, Western Australia in 1985. He has continuously worked in the Oil and Gas and Mining Industry since 1984. In mid 2011, he started Harvey Rock Physics with James Hoeneveld. His primary focus is borehole image petrophysical techniques, testing LogScope and building new workflows and talking to clients about the application of the Harvey Rock Physics' Services and Software.

James Hoeneveld was born in Perth, Australia. He studied Software Engineering (BEng) at Curtin University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since, including custom module development and workflow automation. His primary focus now is on LogScope, which he has been working on since its inception, that now runs on both iPad and Windows Store

Bill Agee is a geologist with over 25 years of experience providing expertise to upstream oil and gas and petrotechical software industries. Bill has a diverse background within the energy sector that includes practical experience in petroleum exploration and production, management of petrotechnical software, development of enterprise-wide business processes and multi-domain management of services and consulting. As a point of emphasis, he has focused on innovative approaches to the use of technology within the Energy sector. He obtained his B.S. (1983) and M.S. (1990) in Geology from the University of Texas at Austin.

Page 5: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

• Partner with an Emerging/Disruptive Technology Co

– Gesture and Mobility are differentiators

– Value creation via Enabling Technology

• What will we offer?

– Equity Ownership – yes (up to 20%)

– Overriding Royalty - yes

– Funded Development - yes

• Extend capabilities for LogScope

• Integrate on cloud based platforms

• Seamless user experience

• Tightly integrate with:

– Data service providers

– Internal corporate databases

• Consider creative offers on an individual basis

Create a Purple Ocean

Page 6: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Short Term & Long Term

• Stage 1 - Commercial software released

– Feature Rich

– Flexible Usability

– Multiple Platforms (IOS and Windows)

– Multiple Device (Desktop & Tablets)

– Usage is gaining momentum

• Stage 2 (Near-Term)

– Build out interface with data service providers

– Internal corporate storage

– Advanced functionality

• Stage 3 (Mid/Long-Term)

– Introduce gesture technology into Petro-technical applications

– Provision into Mobility and Tablets

• Exit Strategy

– TBD

– Possibly IPO

Page 7: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Evidence of Viability

• Currently downloaded in 69 countries

• Over 500 copies in use

• Downloads are consistent

• Suggests continued use

• Currently licensed by

– Quadrant Energy Ltd

– ExxonMobil

– USGS

• Gesture Interface

– Tactile interface

– Across multi Platforms (Windows and iPad)

• Log interpretation and analysis deployed like Microsoft Office.

Page 8: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

The Business Context

• Strengths– Simple and intuitive– Versitile – deployed on Windows and IOS platforms– Not monolithic – deploy on Cloud storage systems

• Opportunities– Data Service Providers

• Display tool

– In house Database access• Instant display of log data

– Training• Intuitive tool. Learning curve is short.

– Other Applications• Fiber optic data (DAS, DTS etc.)

• Weaknesses– Windows 8.1 and and later

• Threats– Gesture interface uses IOS and Windows controls that

are generic. – Similar software developed.

• We believe we have a 5 year head start

• Market– Market is growing– Over 40 opportunities in current pipeline – Current competitor software is specialized and demands a

premium• Our software is reasonably priced and available for

individual to corporate• Subscription pricing• Perpetual pricing

29%

8%

6%

4%4%3%3%

4%

5%

3%

31%

UnitedStatesAustralia

UnitedKingdomIndonesia

Canada

France

Colombia

Mexico

Page 9: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Project economics

• The business model

• Invested over $1MM since 2012

• Equity

• ROI should be around 20%

• Minimizing risk

– Alliances

Page 10: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Minimizing Risk

• Risk minimization strategy

– 3 year development pipeline

– Utilize gesture frame work for other applications

• Already started with LogScope Fiber

– Build alliances

• Data service providers

• Other software vendors

Page 11: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Contact information

• Harvey Rock Physics, Inc.

Web: harveyrockphysics.com

10497 Town & Country Way, Suite 700 Houston, Texas 77024

• Nicholas Harvey

832-830-4139

[email protected]

• Bill Agee

832-444-2914

[email protected]

Page 12: Nicholas Harvey Harvey Rock Physics · University of Technology and joined the Petrolog development team at Crocker Data Processing in 2006 and has been with Petrolog ever since,

Keys to a GREAT Presentation

• Bullet points, use lots of notes for your details

• When useful, please include graphics / images to add impact / information – make sure they are large enough to be easily legible

• Avoid “tiny-text” presentations

• Show your commitment – what you’ve done, what you’ve invested

• Communicate your vision, your passion, your enthusiasm. Show why you believe!