Independent Oil & Gas plc A development and production led UK North Sea Company AGM Presentation 26 June 2015
This page is intentionally left blank
Strategy Converting resources into reserves Ten Year Production Target Current 2C net resources of 22.5 MMBoe in Cronx*, 40,000 Acquisition Targets (23.8 MMBoe) Elgood, Hambleton, Harvey & Skipper increases to 35,000 IOG Prospects…
Achievements End of 2014 onwards has been a period of significant progress for IOG: Share price has tracked the downturn in oil price until recently IOG vs Brent Awarded 100% of the Elgood and Hambleton discoveries in Southern North…
IOG Board & Operational Team An experienced management team with a strong and knowledgeable board CEO & Interim CFO Executive Chairman Mark Routh Peter Young Former founder and MD of Former oil & gas banker at CH4 Energy Ltd…
Cronx & Elgood (IOG: 100%) Summary: Cronx & Elgood Expected Production (5.5 MMBoe) [1],[2],[3] Cronx Resources: 1C/2C/3C - 7.7/17.6/40.4 BCF[1],[4] 6000 36 Cronx discovered by Perenco in 2007, but not tested or Elgood (2.1 MMBoe)…
Blythe (IOG: 50%) Summary: Blythe Expected Production (6.1 MMBoe) [1] Operator: Alpha Petroleum Resources (50%) 6,000 36 Alpha Net (50%) 3.0 MMBoe Licence extended to 30 September 2015 5,000 IOG Net (50%) 3.0 MMBoe 30 Targeting…
Truman & Harvey (IOG: 100%) Geologic Cross Section across Truman & Harvey[2] Summary: SW Dowsing Fault Zone NE Blocks 48/23c & 48/24b (P2085) Top Jurassic Harvey discovery and Truman prospect SNS Hub tie-back upon successful…
Tetley & Rebellion (IOG: 100%) Summary: Geologic Cross Section Elgood, Tetley & Rebellion[2] B B Block 48/22c (P2260) SNS Hub tie-back on successful appraisal Mid Case Contingent resource estimates[1],[2] Tetley 14 BCF Rebellion 6…
Hambleton (IOG: 100%) Summary: Geologic Cross Section Hambleton[2] A A Block 48/22c (P2260) Potential SNS Hub tie-back Hambleton contingent resource estimates 1C/2C/3C - 2/6/26 BCF[1],[2] Hambleton discovered by Century Exploration…
NNS Hub Skipper IOGs second hub opportunity: Skipper Block 9/21a (P1609) 100% [1] 2C : 26.2MMBbls (net) [2] Skipper Maureen & Dornoch Block 9/21a (P1609) 100% [1] Most Likely 11.6 MMBbls [3] Northern North Sea heavy oil play…
Skipper (IOG: 100%*) [1] Summary: Skipper CPR Profile (26.2 MMBbls) [1],[2] Operator IOG : (subject to DECC/OGA approval)[1] 20,000 Licence extended to 30 September 2015 18,000 IOG Net (100%) 26.2 MMBbls 16,000 Appraisal well…
Appendix: Comparison of North Sea Heavy Oil Fields 10km Reservoir Properties Average Reserves Depth Height Porosity Temp. API kh/ Field Date Operator Age Permeability Viscosity (MMBbls) (ft) (ft) (%) (F) () (mD.ft/cP) (mD)…
Appendix: CH4 Energy Ltd - Proven Track Record of Hub Strategy Mark Routh was the Founder & CEO of CH4 Energy CH4 Energy: Investment vs. Sale Value Equity Debt Founded in 2002 with 750k from 3i and 250k from Invested Realised 180…