INDEX ZOLTAV AT A GLANCE 4 INVESTMENT PROPOSITION 5 DIFFERENTIATED OFFERING 6 COMPANY BUILT ON ACQUISITIONS & OPERATIONAL EXCELLENCE 7 BORTOVOY LICENCE 8 OVERVIEW 9 PROGRESS TO DATE 10 KOLTOGOR LICENCES 11 OVERVIEW 12 CONCLUSION 14…
ZOLTAV AT A GLANCE Zoltav is an AIM-listed, full-cycle E&P company with assets in Russia / CIS Koltogor FINLAND High impact organic and acquisitional growth strategy in Khanty-Mansiysk Russia / CIS RUSSIA - Demonstrable…
INVESTMENT PROPOSITION Zoltav is focused on building a mid-size, multi-asset oil and gas business focused on the CIS. There are five characteristics which demonstrate why we are distinctive and uniquely positioned to achieve this:…
DIFFERENTIATED OFFERING Investor confidence ASSET SOURCING & ACQUISITION SHAREHOLDERS Access to high Strong relationships quality off-market & connections deals through board and shareholders EXPERIENCED BOARD Highly…
COMPANY BUILT ON ACQUISITIONS & OPERATIONAL EXCELLENCE March 2013: December 2013: October 2014: Announced acquisition Announced acquisition of Achieved plant capacity ahead of Koltogor Licences Bortovoy Licence of schedule at…
Bortovoy Licence
BORTOVOY LICENCE - OVERVIEW Zoltav acquired the 3,215 km2 Bortovoy Licence in the Saratov Region (European Russia) for US180 million (including assumed debt) in June 2014 BELARUS - Near-insolvency of prior owners resulted in lack…
BORTOVOY LICENCE - PROGRESS TO DATE WHAT ZOLTAV ACQUIRED WHAT ZOLTAV HAS DONE SO FAR Western Fields Western Fields Four fields, one in production (Karpenskoye) Resolved the sales gas specifications issues Western Gas Plant…
Koltogor Licences
KOLTOGOR LICENCES OVERVIEW Zoltav acquired the 700 km2 Koltogor Licences in the Khanty-Mansiysk Autonomous Okrug (Western Siberia) in July 2013 for US26 million Excellent existing infrastructure, including proximity to roads and…
Conclusion
CONCLUSION Clear ambition to build the leading mid-cap, CIS focused E&P company Creating value through operational excellence, organic growth of existing assets, and selective off-market M&A transactions Bortovoy delivered…
Appendices
BOARD EXECUTIVE DIRECTORS Alastair Ferguson Executive Chairman Alastair Ferguson was appointed as a non-executive director in May 2014; and subsequently became the executive chairman in December 2014. He has an extensive background in…
BOARD NON-EXECUTIVE DIRECTORS Stephen Lowden Senior Independent Director Stephen Lowden was appointed as a non-executive director in August 2011. He has over 25 years experience in the international oil and gas industry across…
SENIOR MANAGEMENT Alistair Stobie, Director Finance, Group Alistair Stobie has significant experience in developing oil and gas companies in emerging markets. He led Baring Vostok Capital Partners investment in Burren Energy plc, which…
BORTOVOY LICENCE - WORK PROGRAMME Western Fields Maintain Western Gas Plant at full capacity through to 2022 Further de-bottleneck Western Gas Plant to decrease down-time Evaluating options to increase gas sales price Commence…
KOLTOGOR LICENCES WORK PROGRAMME Considering options for advancing appraisal well drilling programme PRMS-compliant resources and reserves report due in 2H 2015 Considering farm-out options 20
BORTOVOY LICENCE RESERVES AND RESOURCES 1P 2P 3P Reserves English Metric English Metric English Metric Sales Gas 352.9 bcf 10.0 bcm 749.7 bcf 21.2 bcm 1,389.7 bcf 39.4 bcm Liquids 2.0 mmbbls 0.3 mmT 3.9 mmbbls 0.5 mmT 6.3 mmbbls 0.8…
KOLTOGOR LICENCES RESERVES Western Reserves (PRMS) 1P 2P 3P NPV 2P (USmm) English Metric English Metric English Metric PV 10% 282.0 Oil 1.6 mmbbls 0.2 mmT 75.2 mmbbls 9.8 mmT 249.2 mmbbls 32.5 mmT PV 15% 180.6 Sales Gas 0.5 bcf…
FINANCIAL HIGHLIGHTS - GROUP 2014 2013 000 000 Revenue 20,018 1 - Gross profit 6,499 - Loss before exceptional items (7,559) (4,389) Profit / (loss) after exceptional items 27,415 2 (4,389) Profit / (loss) before tax 24,106…
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