Jersey Oil and Gas plc. Corporate Strategy August 2015
Business Combination and Growth Strategy Asset & Transformed, Possible well managed and Corporate profitable oil production, Acquisitions Enlarged Group Placing JOG Trap Oil 3
Business Combination Trap Oil and Jersey Oil and Gas Business Combination u Combine Trap Oil with Jersey Oil and Gas (JOG) Asset & Corporate u Trap Oil to acquire JOG in an all share deal Acquisitions Placing u JOG executives to…
Combined Enlarged Group Core Team Andrew Benitz Ron Lansdell Scott Richardson Brown CEO, Director COO, Director CFO, Director Strengths: Commercial, Corporate, Strengths: Geophysics, Strengths: Finance, Corporate, Team Management…
Jersey Oil and Gas u An independent private oil and gas company managed and operated from Jersey, Channel Islands u Highly experienced E&P team with a multinational track record of operating assets and leading upstream-focused oil…
Investment Plan - Timeline Stage 1 Maintain Trap Oil as a going-concern Asset & u Placing proceeds will ensure Trap Oil can continue as a Corporate Acquisitions going concern and protect listing and tax losses Placing JOG…
Production Asset Acquisition Strategy A production-led North Sea strategy u Objective is to build a diversified North Sea asset portfolio u Accordion-style acquisition strategy Target Asset Profile u Mature production assets with…
North Sea Asset Acquisition Rationale Status of UKCS North Sea: u Recent improvements to the tax regime are indicative of the UK Governments realisation that lower tax and cost reduction will be beneficial to the maximisation of…
Trapoil Strategy for Retained Assets Romeo 13/11c Liberator 13/23a u Trapoil 73.125% WI, 2.143% Carried u Trapoil 10% WI, Carried to first oil u Three oil zones were encountered u Estimate net prospective resources as 0.2/0.9/1.9…
Conclusions Investment in Trap Oil and the Enlarged Group Brings: u Management u Highly experienced Management: collegiate, dedicated, with broad domestic and international experience u Technical and Commercial skill sets to secure…
Appendix
JOG Production Management u JOG Management have significant experience Selected Team Experience in the operated and non-operated Production Management management of production and mid-stream assets Managed Non-Operated North Sea:…
Retention Asset P1610 Block 13/23a Liberator Extension Block 13/23a Block 13/23a Block 13/23a Liberator extension Liberator extension Liberator extension Min Case STOIIP; 9.7Mmbbls (100%) ML Case STOIIP 23.9 Mmbbls (100%) Max…
Retention Asset P1666 Block 30/11c - Romeo / Scarinish Romeo well 30/11c-6C Romeo pre and post drill Scarinish Firm well on Scarinish to be drilled late 2015/early 2016 Principal Seismic: CGGV 3D LO (2002) Water Depth…
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