A balanced E&P portfolio of low-cost, low-risk conventional gas and oil assets focused on- shore Romania that underpins a compelling valuation Oil Capital Presentation September 2015 ASX: ZTA www.zetapetroleum.com
Key Facts Operating Cash Flow Current Reserves and breakeven within sight Resources to fuel growth Focused on a conventional onshore low-cost, low-risk O&G portfolio in Romania New Management CPR Portfolio Valuation hitting…
Capitalisation and Major Shareholders Share Price 13 cents GM Investment & Co Limited 29.9% Market ASX Hot Chilli Investments 9.67% Ordinary Shares in Issue 7.25M A Morrison SIPP 7.48% Ticker ZTA Market Capitalisation AUS0.94m…
Summary of Value Proposition Zeta Petroleum PLC On-shore production Low-risk EU jurisdiction Strong recent track record Value Gap An excellent platform for growth Zeta Petroleum plc Oil Capital Presentation September 2015…
Senior Management Andy Morrison Andy has substantial senior level experience in the oil and gas sector having worked for over 25 years in strategic and international business development roles with major energy companies including Chief…
Romania: Established Oil/Gas Province Proven hydrocarbon systems Established oil & gas industry Focused on a ExxonMobil, OMV, Gazprom and conventional independents present onshore low-cost, Educated local work force low-risk…
Balanced Portfolio already in place Gas Production Oil and Gas and Appraisal Field In production Appraisal and Development Shallow gas at 400-1,000m Gazprom Zeta 50% Operator Multiple leads and prospects Zeta 39% Zeta…
Valuation underpinned by CPR Valuation: Net Attributable Summary of Reserves and Resources NPV10 USm P50/Pmid P50/Pmid P90 P50/Pmid P10 Reserves Gross Net Attributable Reserves Bcf Bcf Suceava 2.0 2.3 2.8 Suceava 1.88 0.94…
Suceava (50%): Growing Cash Flows Climauti: Well-head Dornesti: Gas to Power Plant Raffles Energy (50% and Operator) Climauti Producing since March 2011 Currently producing c. 420mcfpd Generates gross revenue c. US 40,000 per…
Bobocu (100%): Substantial Gas Project Historic gas field with considerable re-development potential Cumulative production: 32.91 Bcf from 31 wells over 1977-2001 Remaining recoverable resources (PMid) up to 34.37 Bcf Productive…
Milestone Delivery 2014-15 Business development Prioritised Pipeline strengthened May 2014 New management team Financial commitment Q2 / Q3 2014 Strategic review: focus on monetising portfolio Brought under control September 2014…
Forward Work Programme 2015-16 Focus Delivering programme in Romania Current London listing (target by end Q415) Develop and Monetise Existing in-country September 2015 Commission Ruda-1 gas production at Suceava development…
Key Value Drivers and Opportunities Distinctive profile c.f. Junior peers New Management Delivering on Increased milestones Production Resource Risks Mitigated Production & Upgrades reserves Low cost, low risk Successful…
Appendix: And another thing... Well-head Christmas Tree at Bobocu-310 Zeta Petroleum plc Oil Capital Presentation September 2015 16
Suceava: Attractive Returns Shallow low cost wells on Suceava licence Estimated Economic Indicators NPV10 IRR Granicesti SE-1 US1.8m 44% New Suceava well US1.6m 35% US'000 New Well Attributable Economics 1,600 1,400 1,200…
Jimbolia (39%): Discovered Oil and Gas Located in Eastern Pannonian Basin; a proven province Two discoveries by Petrom in 1983; Veche and Vest Farm-out 51% to Gazprom subsidiary NIS in October 2012 NIS (Gazprom) funded and operated…
2020 Vision: Production & Value Pathway ILLUSTRATIVE PRODUCTION AND CASHFLOW GROWTH Mmscf/day Gross Production 0.400 0.350 0.300 Key Assumptions 0.250 New Suceava Well Mmscf/day 1. Gas prices at current levels 0.200 0.150 Total…
NPV Assumptions The NPV valuation included in this presentation is based on the following material assumptions: Resources and contingent reserves as at 31 December 2014 Inflation rate of 3% Discount rate of 10% 3.6873 RON per US and…
Zeta Group Structure Zeta Petroleum plc Oil Capital Presentation September 2015 22
Board of Directors Stephen West Stephen is a founding Director and former Managing Director of Zeta. He is a Chartered Accountant with over 20 years Non-Executive financial and corporate experience ranging from public practice,…
Zetas Offices Bucharest, Romania Main operations office located in Bucharest Employ local expertise Ability to effectively work with the local agencies and Romanian based companies London, United Kingdom Corporate management…
Suceava: Current Development Plans Development Plans Increase Dornesti Sud to 1.2MW Bring Ruda-1 on-line Dense 2-D to find further analogues Test and bring on Granicesti (SE-1) Further potential in southern area Zeta…
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