Investment Case Investor presentation march 2013 Revised: 12 march 2013 AIM:SOU investor presentation 1 March 2013
introduction Independent oil and gas exploration / development company focused on Italy AIM listed (SOU) 2005 Share price (14/2/13) Circa 7.50 pence 52 weeks high 17.25 pence 52 weeks low 3.75 pence Market Capitalisation Circa…
the team london James Parsons, andrew hockey, Growth, Funding, Investor Relations and Compliance Chief Executive Officer NON-EXECUTIVE chairman 19 years experience in Oil/Gas across Europe, michael nobbs, South America and Central…
Investment Case Carita Badile Zibido 1 Assets - high upside Italian portfolio (19 licenses) 17.5MMboe (P50) discoveries with NPV10 of US300M ITALY 80MMboe (P50) exploration portfolio Monteluro Casa Tiberi Sound Oil retains…
strategy FROM drill core wells TO Nervesa Badile Small cap Mid cap Zibido Laura High Upside High Upside portfolio rationalisation Pre-revenue Mature Hidden Gems Producing Package & sell smaller assets Pure Italian Play…
ATTRACTIVE ITALIAN FUNDAMENTALS 3rd/5th largest producer of oil/gas in Western Europe PERMITS AND CONCESSIONS Large gas market with high prices (US10/Mscf+) DECEMBER 2011 Good fiscal terms: Net take after tax is 54% Licenses…
Drilling Programme and Funding unrisked NPV & CASH FLOW 650 350 Increasingly focussed on game changing drills 600 zibido 300 US186M Badile (100%) - US266M NPV 550 275 Zibido (100%) - US186M NPV 500 250 Zibido US89M pa 450…
Key Drills Q1/Q2 2013 Q1/q2 2014 Q3/Q4 2014 Q1/Q2 2015 Nervesa Discovery (100%) Badile Prospect (100%) Laura Discovery (100%) ZIBIDO prospect (100%) Location: Location: Location: Location: Po Valley (Northern Italy) Po Valley…
2015+ Programme Carita Badile 2015 and beyond: Sound Oil will focus on 9 other core licenses, including some Zibido hidden gems Non Core assets will be packaged and sold ITALY Monteluro Casa Tiberi Montemarciano Villa Gigli…
key financials Shareholder base is mainly retail however Henderson Global Investors recently established a position Strong liquidity - Average daily volume circa 1.5% of shares in issue Well funded (US13M cash) Project…
Summary and Outlook High upside portfolio Near term (overhead covering) revenue - Rapagnano production license : US0.6M pa Material mid term revenue from existing discoveries - Nervesa US9M pa (from end 2014 post funding…
James Parsons, Chief Executive Officer j.parsonssoundoil.co.uk Sound Oil plc Italian office Registered Address Riverbridge House Via Angelo Moro 109 55 Gower Street Guildford Road 20097 San Donato Milanese London, WC1E 6HQ Leatherhead…
appendix investor presentation 13 March 2013
italy: infrastructure & Production Highpressure high Pressure gasGas Pipeline pipeline Network network gas production: years 1991-2011 sm3 x 109 oil production: years 1991-2011 t x 106 investor presentation 14 March 2013
nervesa discovery (100%) Q1/Q2 2013 Location: Po Valley (Northern Italy) Type: Gas NPV: US57M P50 Resource potential: 21 Bscf P50 COST: US1.8M remaining investor presentation 15 March 2013
badile prospect (100%) Q1/Q2 2014 Location: Po Valley (Northern Italy) Type: Gas/Oil NPV: us400M P50 (gas) US226M P50 (oil) Resource potential: 23 MMBo COST: EURO 20M FEBRUARY UPDATE: Recent farm in offer from Italian Oil Major;…
laura discovery (100%) Q3/q4 2014 Location: Gulf of Taranto Type: Gas NPV: us86M P50 Resource potential: 30 Bscf COST: us15M investor presentation 17 March 2013
ZIBIDO prospect (100%) Q1/q2 2015 Location: Po Valley (Northern Italy) Type: Oil/Gas NPV: US186M P50 (oil) US298M P50 (gas) Resource potential: 16 MMBo P50 COST: euro 25M investor presentation 18 March 2013
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