Investor Presentation August 2013 INVESTOR PRESENTATION MARCH 2014 A profitable onshore US oil & gas development and production company focussed primarily on the development of its productive assets in Texas and California
PORTFOLIO Sugarloaf AMI South Texas 3% WI Operator: Marathon Oil EAGLE FORD SHALE: PRODUCTION & DEVELOPMENT AUSTIN CHALK: APPRAISAL Sugarloaf Block A Riverbend Project Eagle Oil Pool South Texas East Texas Project 7.5% WI…
OVERVIEW Profitable AIM listed oil and gas production company with multiple onshore US projects targeting proven formations at varying stage of development Current 1P Reserves of 2.3 million barrels of oil equivalent (MMboe) and 2P…
CORPORATE STRUCTURE Market EPIC Share Shares in Market 12 month Cash Debt Drawn Repaid Price Issue Cap price Facility Debt Debt range 13 221 29.52 5.1 13.5 US1.93 US50 US12.75 US2 AIM EME pence million million pence million million…
EXCELLENT FINANCIAL GROWTH Interim Results for 6 months ending 30 September 2013 Net profit 3,512% increase in net profit to 18% higher than FY ended 31 March 2,384,000 2013 354% increase 136% increase in gross profit to…
EXPERIENCED BOARD Patrick Cross Dr Cross is experienced in corporate finance, organisation structures, marketing and joint Non-Executive Chairman venture operations. His previous positions include 25 years with British Petroleum…
STRATEGY To increase production and reserves by developing Empyreans advanced 1 hydrocarbon production and development projects, which have excellent technical merit, in order to build shareholder value Projects have drill ready…
ABOUT THE EAGLE FORD SHALE A sedimentary rock formation from the Late Cretaceous age 50 mile-wide by 400 mile-long formation that runs from South Texas to the east Produces natural gas, condensate, oil, and natural gas liquids,…
EAGLE FORD SHALE: A HIGHLY ACTIVE PLAY +1,100 wells were spud in the Eagle Ford Shale in Q3 2013 The play accounted for 1,133 or more than 10% of the 9,175 wells spud in the U.S. during the quarter Marathon has allocated US2.3bn…
SUGARLOAF AMI AVERAGE 3% WI A significant new condensate/ gas discovery with exciting upside Operated by Net acreage position Marathon Oil 729 acres Marathon committed to optimising drilling, of 24,300 gross acres completion and…
AGGRESSIVE DEVELOPMENT Marathon has announced its intention to co-develop the Austin Chalk alongside the Eagle Ford Shale with the possibility of a further 300 wells to develop this formation Provides low risk development upside…
SUGARLOAF WELL SPACING INITIATIVES Marathon has announced successful down-spacing results and an intention to co- develop the Austin Chalk with the Eagle Ford Shale. Selected areas are to be developed at 40 acre spacing and also…
BUILDING RESERVES, PRODUCTION & VALUE BUILDING BUILDING BUILDING RESERVES PRODUCTION VALUE Closer well Testing of On-going spacing of 40 and Additional drilling of 60 acres Formations prospects Well down-spacing The Austin Chalk -…
CENTRAL FACILITY AT SUGARLOAF AMI Separation of oil, water Treat oil to sales quality Oil storage Water storage Sales meters Gas processing Gas compression Expandable EMPYREAN ENERGY PLC Q1 2014 15
REGIONAL CORPORATE ACTIVITY Proposed acquisition of Aurora, a partner in Empyrean's flagship Sugarloaf AMI asset, by Baytex - A4.10 per share The acquisition implies a market capitalisation of A1.84 billion and represents a 52%…
SUGARLOAF BLOCK A AVERAGE 7.5% WI Lies contiguous to the Sugarloaf AMI acreage in South Texas Operated by Net acreage position ConocoPhillips 43.5 acres Production held by wells targeting the of 580 gross acres Eagle Ford Shale…
DEVELOPMENT IN SAN JOAQUIN BASIN, CALIFORNIA EAGLE OIL POOL PROJECT EMPYREAN ENERGY PLC Q1 2014 18
EAGLE OIL POOL AVERAGE 57.2% WI Operated by Net acreage position Eocene Gatchell Sands are estimated to contain STRATA-X 2952 acres between 7- 22 million BO and 12-23 BCF of gas of 5160 gross acres Eagle North1 well: 13.4 metres…
RIVERBEND AVERAGE 10% WI Operated by Net acreage position Located onshore Texas in Jasper County Krescent Energy 205 acres of 2053 gross acres The Cartwright-1 well was drilled initially targeting the Austin Chalk Currently…
INVESTMENT CASE Strong production and revenues, particularly at the flagship Sugarloaf AMI, from proven PRODUCTION onshore US hydrocarbon formations Second year of profits FY 2013 2,014,000 & Net Profit up 3,512% to 2,384,000 for 6…
CONTACT Tom Kelly Empyrean Energy plc T: +61 (419) 045 044 E:tom.kellyempyreanenergy.com Lottie Brocklehurst/ Elisabeth Cowell St Brides Media & Finance Ltd T: +44 (0) 20 7236 1177 E: lottiesbmf.co.uk/ elisabethsbmf.co.uk…
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