The Leading Falklands Explorer Pure Play Falklands Explorer Largest Falkland Islands license holder ( 40,000km2) East Falkland Basin northern licence area Material interest in all licenses ( 40%) FOGL: 40.0% Noble (op.) 35.0%…
2015 Drilling Programme Prospect Unrisked FOGL WI FOGL CoS(2) Name Gross Res. (%) Paying (%) 2015 Targeted(1) interest (%) Q1 Q2 Q3 Q4 (mmboe) North Falkland Basin Zebedee 281(3) 40.0% 40.0% 2050% Isobel Deep 240 40.0% 0.0%…
FOGLs North Falkland Basin Licences Interests in five licences PL004b (40% WI) contains Sea Lion southern extension Material exploration prospects: Zebedee Jayne East Zebedee 281 mmbbls* Jayne East 85 mmbbls* Isobel 240…
FOGLs North Falkland Basin Geological Setting Basement structure Mature oil source kitchen area F3 reservoir distribution 50km Source: Premier Oil Source: Premier Oil Source: Premier Oil Proven oil play Significant upside…
Sea Lion area Phase 1 development area The Sea Lion field straddles PL032 & PL004b FOGL estimate that c.30% of the Sea Lion oil-in-place lies within PL004b 85 mmbbls 2C resources net to FOGL Premier are proposing a two phased…
Sea Lion Area: Material Resource Potential Resources Net FOGL 250 200 34 48 150 mmbbls 64 231 100 50 85 0 Proven reservoirs(1) Zebedee F1 & F2 Zebedee F3 Jayne East Total Recoverable Resources Net FOGL (1)…
PL004b: Zebedee WI (%) / PI (%) 40% / 40% Gross Prospective 160mmbbl (F1 & F2 reservoirs)(1) Resources 121mmbbl (F3 reservoirs)(1) Net Prospective 64mmbbl (F1 & F2 reservoirs) Resources 48mmbbl (F3 reservoirs) Spud Date March…
PL004a: Isobel Deep WI (%) / PI (%) 40% / 0% Gross Prospective 240mmbbl(1) Resources Net Prospective 96mmbbl Resources Spud Date Q2 2015 Operator Premier Oil (36%) Partners Rockhopper (24%) Intended to test a large…
PL004c: Jayne East WI (%) / PI (%) 40% / 0% Gross Prospective Jayne East Location 85mmbbl(1) Resources Net Prospective 34mmbbl Resources Spud Date Q2 2015 Operator Premier Oil (36%) Partners Rockhopper (24%) Well will…
FOGLs South & East Basin Licences Hersilia Fan Complex FINA 3D survey Cretaceous Fault Blocks FIST 3D survey Diomedea Fan Complex FISA 3D survey 12
South & East Falkland Basins Five wells have been drilled across the South and Exploration Well Summary East Falkland basins to date Well (Op.) Date Results Three wells drilled by FOGL Scotia Gas shows proven working hydrocarbon…
Prospect selection for Noble operated wells First Well Humpback prospect (in the Diomedea Fan Complex) Second well Humpback results will guide choice of second well. Current options being evaluated: Diomedea Fan Complex Side-track on…
Diomedea Fan Complex (FOGL 52.5%) Diomedea area comprises a large system of deepwater channels & fans Prospects and Leads map Multiple material prospects identified on 3D seismic Main hydrocarbons in place expected to be oil Six…
Diomedea Fan Complex: Humpback WI (%) / PI (%) 52.5% / 27.5% Seismic amplitude map over Humpback Gross Prospective 510mmbbl(1) Resources Net Prospective 268mmbbl Resources Spud Date Q3 2015 Operator Noble Energy (35%) Partners…
Cretaceous Fault Blocks (FOGL 52.5%) Seismic amplitude map over Scharnhorst North The Darwin exploration well discovered gas and a rich condensate in good quality Cretaceous sands Seismic amplitude responses indicate the…
Hersilia Fan Complex (FOGL 40%) Multiple material prospects identified on 3D seismic Mid Cretaceous Fan Play: Starfish: 402 mmbbls* Bullfish: 453 mmboe* Shearwater: 700 mmboe* Fulmar: 220 mmboe* Toothfish: 115 mmboe* Hoki: 150…
Summary Eirik Raude has arrived in the Falklands and the drilling programme will commence shortly Five well drilling programme targeting over 1.4 billion barrels of gross prospective resources Cash of c.100m at 31 December 2014, no…
Appendix 20
Achievements to Date Farm-Out Agreement with Noble Acquisition of Desire Petroleum 3D Seismic Energy 3 Oct 2013 24 Feb 2014 6 Aug 2012 FOGL merges with Desire Petroleum Completes its 3D acquisition Entered into a farm-out to enter…
Executive Team & Board Members Richard Liddell Non-Executive Director (Chairman) Timothy Jones Non-Executive Director (Finance Director) Joined the Board in 2005 Joined the Board in 2004 Former Operations Director on the Board of…
Group Balance Sheet (as at 30 June 2014) USmm As at 30 June 2014 Assets Non-current assets 242.1 Current assets 111.5 Cash & Cash Equivalents 108.7 Receivables 3.8 Total Assets 353.5 Equity & Liabilities Current liabilities…
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