2014 January Macquarie Oil & Gas Explorers Conference 1
Preface This presentation, which is confidential and is being supplied only to persons with professional experience in matters relating to investments for the purposes of the Financial Services and Markets Act 2000, does not constitute…
Why Invest in SOCO Our NAV is based on hard assets Strong cash flow and balance sheet We are not discounted from a hypothetical base built on pure explorations binary outcome Our newsflow just as significant as that from the…
Strategy is To Maximise Portfolio Value Recognising opportunity build large positions early on before the play concept becomes too expensive early entry in Vietnam and our focus on pre-salt in West Africa Capturing potential…
SOCOs Project Focus Overlooked or under exploited opportunities in hydrocarbon prone regions Brownfields vs greenfields to reduce risk No Greenland or Falkland type play Oil vs gas Necessary to have a market before a project is…
Vietnam Cuu Long Basin Blocks TGT production averaged 13,519 BOPD net to WI for first ten months of 2013 TGT development drilling continues for the next four to six years CNV production TGT 30.5% WI averaged 2,097 BOEPD CNV…
Te Giac Trang Field Layout CPP at Bach Ho Field 7
Schematic Section of TGT hydrocarbon columns 10 Kms 8
TGT-10XST1 well on TGT H5 fault block TGT-10XST1 well encountered 117 metres of net pay Three DSTs performed Oligocene C in two parts Lower section of Lower Miocene Upper section of Lower Miocene Total Combined Maximum Rate…
TGT 2014 Well Location Options Approved wells in 2013 H1.1 5.2U Infill E 2014 well location options TGTH1 19I H1.1 5.2L Infill G H1.2 Crestal Infill K 2nd H1 WI Well Options H1.2 Appr/ Dev Well TGTH117PST1 2nd H2 Dev Well…
Central Africa Portfolio 11
North Congo Basin Current Portfolio 100% WI Added Nanga II A block and commencing seismic 40.39% WI reprocessing Evaluation of discovery on Lideka East on Marine XI is 17% WI underway 60% WI Drilling the second of two…
Litchendjili Extension Appraisal on Marine XI Target reservoir: Lower Cretaceous Djeno SS, tight pre-salt reservoir in Marine XII structural-stratigraphic trap Marine XII Marine XI LJM6 Target resources (Marine…
Marine XI Lideka Marine East Well drilled using Falcon-1 without incident Well found ca. 50 metres of net pay in main intra-Sendji 3 target Currently evaluating results for future evaluation activities 14
MPS RR Prospect Exploration Well Awaiting Government approvals of farm out from PA Resources MohoBilondo development by Total Location determination, 3 months G&G work Well proposal complete by June Best estimate 4Q 2014 to…
Cabinda North Targets Completed extensive seismic acquisition programme across the entire block Currently drilling the second well of the two well programme, Dinge 20-7 well 16
Block V Activity Completed detailed environmental study together with relevant DRC authorities Activity suspended during M23 insurgency Completed Bathymetry survey over the lake Block V 85% WI 17
Outlook Continued strong cash generation from the Vietnam assets Development drilling on TGT and CNV Second phase of sustained capacity test on TGT FPSO pending Addition of ready-to-drill high potential exploration project…
Maximising Returns to Shareholders Sustainable annual return targeting minimally 50% of Free Cash Flow Growth potential of an independent E&P company 19
SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com 20
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