Existing Portfolio Significantly Undervalued San Leons portfolio currently contains 3 assets which each have valuations around or in excess of the current market cap of circa 32mm. All figures below are net to SLE: Barryroe NPI*:…
Additional Acquisitions Time to Buy Macro Environment The sharp fall in oil price has offered a large host of investment opportunities for those with access to capital A number of SLEs peers and even larger independents are in…
Capital Structure Share Price History Key Data Price (GBp) Volume (mil) Current Price: 1.3p 3.5 300 52 Week High: 3.45p 52 Week Low: 0.78p 3.0 250 2.5 Mkt Cap: 34M 200 Shares in Issue: 2,535.6M 2.0 Options outstanding: 132M…
Existing Portfolio Cash Flow Assets
Cashflow Pipeline (Existing Assets) Rawicz (35% Interest): Largest Polish gas field development for 20yrs Historic P50 recoverable resources of 40 bcf* (pre Q1 2015 results) SLE carried for a further well by JV partner Palomar Natural…
Rawicz Rawicz-12 tested at 4.5mmscf/d despite significant remaining skin Development discussions underway, second well (horizontal or slanted) planned for Q2 2015 NPV10 to San Leon for full field development should approach…
Rawicz Field Multiple Tie-In Options C B A Corporate Transaction May 2015 10
Siekierki Palomar to carry SLE for all activity on first 3 wells SLE 35% equity Siekierki Gas Field Workover Program Huge Rotliegendes sandstone reservoir, 422 bcf recoverable (P50 from RPS CPR) Recent technical work has yielded…
Siekierki Field 3 Existing Wells Huge potential, new insights, wells already drilled Recent detailed technical work has identified potential for significant conventional production, previously not exploited Additional…
Barryroe SLE have a 4.5% NPI over the Barryroe Field, operated by Providence Resources. No further cash input required for SLE P50 Recoverable Resources of 266 mmbo (Basal Wealden) + 45 mmbo (Middle Walden) - Netherland, Sewell &…
Barryroe Phased Development Concept Phase 1 : First Phase Production System Eastern area focused development Leased floating solution to get early production Reduced CAPEX requirements Up to 70 MMBOE REC 30,000 BOPD peak rate…
Barryroe Production Timeline 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Phase 1 Appraisal FEED FID Pipeline/ Xmas Tree Lead Time FPSO Upgrade FPSO Hookup & Commissioning Phase 1 Recompletes 1x Development…
Remaining Assets
Other Planned Activity On Existing Assets Poland - Lewino horizontal multi-frac (Baltic Basin shale) - Follow-up well to Europes most successful single frac in a vertical shale well - Aims to prove commerciality of extensive shale…
Lewino Horizontal Baltic Basin, Poland Builds on success of vertical well (best single vertical shale frac in Europe), seeks to prove shale commerciality One of 3 wells drilled by Talisman at no cost to SLE, totalling 70mm spend…
Lewino Horizontal Baltic Basin, Poland Builds on success of vertical well (best single vertical shale frac in Europe), seeks to prove shale commerciality Well tested at 50,000 scf/d from a single frac did not include better half of…
Albania Nearshore Oil Target 1 Km Zverneci W-1 Zverneci onshore well pad reservoir target 11 mmbbl recoverable light oil targeted, plus associated gas. Well cost 7.5mm Nearby oil refinery and access to gas pipelines…
Albania Proximity to Oil and Gas Markets 1 Km INFRASTRUCTURE Gas Pipeline Oil Pipeline Condensate Pipeline 5 Km Zverneci W-1 Oil refinery, port Corporate Transaction May 2015 21
Tarfaya Onshore Morocco Targeting 32 bcf up-dip of existing tested gas Total Target Recoverable Reserves P50: Tertiary stratigraphic channel prospect: 32 bcf (100 Bcf play estimate) 165 mmbbl oil and 300 bcf gas upside in deeper…
Tarfaya Onshore - Morocco +/- 400m potential 1200-1500m column above Total Column height 1700m +/- 1100m Short gas test Updip of existing well which flowed gas Corporate Transaction May 2015 23
Tarfaya Onshore Morocco Ready existing gas market at a high sales price around 11/mcf Agreement with Agrekko for gas to power while pipeline being built Wellsite The OCP phosphate export centre with Boukraa conveyor belt…
Summary Significant Value Disconnect Market cap 1.3p is 55mm (prior to capital raise) Barryroe NPI 2C value from CPR is 238mm (NPV10) Rawicz NPV10 for SLEs stake is 40mm Siekierki NPV10 for SLEs stake is 148mm Multiple other assets…
Contact details Oisn Fanning Executive Chairman oisinsanleonenergy.com Joel Price Chief Operating Officer jpricesanleonenergy.com San Leon Energy Offices Ireland UK Poland 3300 Lake Drive 43 Grosvenor Street Moniuszki 1A…
Appendix - Key Personnel Oisn Fanning, Executive Chairman Paul Sullivan, Managing Director Daniel Martin, Non-Executive Director Ray King, Company Secretary Joel Price, COO Walid Sinno, Country Manager (Morocco) Pawel Chalupka, Managing…
Appendix - Key Personnel (1) Oisn Fanning, Executive Chairman (London) 30 years in structured/corporate finance, stockbroking , of which 12 years specialising in the oil and gas industry Formerly CEO of Astley & Pearce Ltd., MMI…
Appendix - Key Personnel (3) Walid Sinno, Morocco Country Manager (London) Began engineering career at Electricit de France in 1991, held several new ventures management roles based in Turkey, Azerbaijan and Morocco where he assumed…
Appendix - Key Personnel (4) Richard Gray, Drilling Manager (London) BSc in Geology from Nottingham in 1978, worked in drilling since Drilling Manager (23 years ) for Operators including LASMO in Pakistan, Libya, Canada and Holland.…
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