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Company Presentation April 2016 – Europa Oil and Gas

Europa Oil and Gas · Apr 6, 2016 · 46 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Company Presentation April 2016 – Europa Oil and Gas – slide 1
    Company Presentation April 2016 Company Presentation April 16 multi-stage asset revenue funded exploration portfolio backed generative programme Europa Europa Oil & Gas Oilplc& www.europaoil.com (Holdings) Gas (Holdings) Plc:…
  2. Company Presentation April 2016 – Europa Oil and Gas – slide 2
    Company Presentation April 2016 OVERVIEW AIM-listed oil and gas exploration and production company with PROFILE a balanced portfolio of multi-stage assets including UK onshore producing fields and highly prospective exploration…
  3. Company Presentation April 2016 – Europa Oil and Gas – slide 3
    Company Presentation April 2016 Key Data Share Price 5.88p (05.04.16) Market AIM Ticker EOG Market 14.39 million Capitalisation Ordinary Shares 244,888,011 in Issue Europa Oil & Gas (Holdings) plc www.europaoil.com AIM…
  4. Company Presentation April 2016 – Europa Oil and Gas – slide 4
    Company Presentation April 2016 OBJECTIVE: UPPER QUARTILE AIM OIL & GAS Mar-13 Mar-12 Mar-14 Mar-15 Mar-16 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Sep-12 Sep-13 Sep-14…
  5. Company Presentation April 2016 – Europa Oil and Gas – slide 5
    Company Presentation April 2016 STRATEGY 100m + market cap New ventures via ground floor licence application & farm-in Strategic acquisition to accelerate portfolio growth & achieving target objective Drill up existing…
  6. Company Presentation April 2016 – Europa Oil and Gas – slide 6
    Company Presentation April 2016 PORTFOLIO IRELAND Frontier oil exploration Medium risk / very high reward Irish Atlantic Margin Exploration East Midlands UK Production and exploration Production, development and…
  7. Company Presentation April 2016 – Europa Oil and Gas – slide 7
    Company Presentation April 2016 Portfolio value & risk Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 7
  8. Company Presentation April 2016 – Europa Oil and Gas – slide 8
    Company Presentation April 2016 Portfolio NAV Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 8
  9. Company Presentation April 2016 – Europa Oil and Gas – slide 9
    Company Presentation April 2016 Portfolio p/share Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 9
  10. Company Presentation April 2016 – Europa Oil and Gas – slide 10
    Company Presentation April 2016 IRELAND FEL 3/13 1.5 billion boe audited gross mean un-risked prospective resources FEL 2/13 595 million boe unaudited gross mean un-risked prospective resources LO 16/2 895 million boe unaudited gross…
  11. Company Presentation April 2016 – Europa Oil and Gas – slide 11
    Company Presentation April 2016 Ireland Best exploration Newfoundland licensing round ever C 1.9 billion work in Q4 2015 programmes committed in 2015 Europa Licences Bay du Nord, Mizzen, Harpoon Europa Oil & Gas…
  12. Company Presentation April 2016 – Europa Oil and Gas – slide 12
    Company Presentation April 2016 Atlantic Margin Exploration o FEL 2/13, FEL 3/13 and LO 16/2 o Combined 2,000 km2 o South Porcupine Basin o Cretaceous submarine fan play and Pre- rift play o All covered by 3D seismic acquired 2013 o…
  13. Company Presentation April 2016 – Europa Oil and Gas – slide 13
    Company Presentation April 2016 2015 Atlantic Ireland round 43 applications from 17 companies Phase 1: 14 LOs Eni & BP -1 Europa -1 Exxon & Statoil - 2 Nexen -4 Scotia - 1 Statoil & Exxon -4 Woodside -1 1.13 Europa Oil &…
  14. Company Presentation April 2016 – Europa Oil and Gas – slide 14
    Phase 2 awards due May 2016 1414
  15. Company Presentation April 2016 – Europa Oil and Gas – slide 15
    Major oil companies are back in the basin 1515
  16. Company Presentation April 2016 – Europa Oil and Gas – slide 16
    Company Presentation April 2016 PROSPECTIVE RESOURCES FEL 3/13 1.5 billion boe audited gross mean un-risked prospective resources FEL 2/13 595 million boe unaudited gross mean un-risked prospective resources LO 16/2 895 million boe…
  17. Company Presentation April 2016 – Europa Oil and Gas – slide 17
    Company Presentation April 2016 FEL 3/13 Summary of CPR on Prospective Resources ERC Equipoise May 2015 FE L 3/13 G ros s P ros pec t i ve Res ou rc es m i l l i on boe* Chan c e G ros s of m ean P ros pec t P 90 P 50 P 10 M ean s…
  18. Company Presentation April 2016 – Europa Oil and Gas – slide 18
    Company Presentation April 2016 FEL 2/13 unaudited summary of Prospective Resources FEL 2/13 Prospective Resources million boe* Gross Chance of mean Prospect P90 P50 P10 Mean success 1 in risked Doyle A 38 149 545 244 15% 6.7 37…
  19. Company Presentation April 2016 – Europa Oil and Gas – slide 19
    Company Presentation April 2016 LO 16/2 unaudited summary of Prospective Resources o Two-year duration Licensing Option from 1 March 2016 o 3D seismic already acquired, processed and interpreted o Three pre-rift prospects o Next…
  20. Company Presentation April 2016 – Europa Oil and Gas – slide 20
    Company Presentation April 2016 Prospective Resources Summary Licence Gross mean un-risked Comments prospective resources million boe FEL 3/13 1,492 CPR ERC Equipoise LO 16/2 895 Europa in-house FEL 2/13 595 Europa in-house Total…
  21. Company Presentation April 2016 – Europa Oil and Gas – slide 21
    Company Presentation April 2016 INDEPENDENT VALUATION FEL 3/13 US7 billion NPV 10 Photo courtesy of BP Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 21 1.21
  22. Company Presentation April 2016 – Europa Oil and Gas – slide 22
    Company Presentation April 2016 FEL 3/13 Summary of Independent Assessment of NPV, for a 100% interest, ERCE October 2015 Net Risked Gross Oil & Gas Un-risked Chance of NPV10 (US Prospective Resources Mmboe Net Un-risked NPV10…
  23. Company Presentation April 2016 – Europa Oil and Gas – slide 23
    Company Presentation April 2016 FLEMISH PASS BASIN, OFFSHORE NEWFOUNDLAND 2015 Activity 2007 -13 Activity play play opening stage discovery stage Bid round closed Nov 2015, C1.2 billion work programmes bid by Statoil, CNOOC, BP,…
  24. Company Presentation April 2016 – Europa Oil and Gas – slide 24
    Company Presentation April 2016 Current Status o US15 million invested, 2,560 km2 3D seismic acquired, processed and interpreted over FEL 2/13 and 3/13 o Transfer of interest and operatorship from Kosmos (85%) to Europa (15%) is in…
  25. Company Presentation April 2016 – Europa Oil and Gas – slide 25
    UK 25 EUROPA OIL AND GAS PLC December 2014 25
  26. Company Presentation April 2016 – Europa Oil and Gas – slide 26
    Company Presentation April 2016 UK Exploration: East Midlands Petroleum Province Crosby Warren Field EOG 100% 1987 500 bopd currently 30 bopd Kiln Lane-1 EOG 50% Drilled Q1 2015 - P&A with oil shows Wressle-1 Licence…
  27. Company Presentation April 2016 – Europa Oil and Gas – slide 27
    Company Presentation April 2016 WRESSLE OIL & GAS DISCOVERY Exploration prospect drilled Q3 2014 Production tested Q1 2015 710 boepd aggregate from 4 tests in three sandstone reservoirs Ashover Grit - 80 bopd and 47 mcfd,…
  28. Company Presentation April 2016 – Europa Oil and Gas – slide 28
    Company Presentation April 2016 WRESSLE EWT & COMMERCIALISATION Penistone Flags delivered up to 180 boepd and no water Oil quality very similar to Crosby Warren, 5km to NW Preparation of CPR, FDP, EA permits and planning…
  29. Company Presentation April 2016 – Europa Oil and Gas – slide 29
    Company Presentation April 2016 PEDL 143 HOLMWOOD PROSPECT Horse Hill-1 Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 29
  30. Company Presentation April 2016 – Europa Oil and Gas – slide 30
    Company Presentation April 2016 HOLMWOOD, THE WEALD BASIN PEDL 143 WEALD BASIN o Conventional oil prospect in the Weald Basin, Surrey o Europa 40% and operator (Egdon Resources 18.4%, Altwood Petroleum 1.6%, Warwick Energy 10%,…
  31. Company Presentation April 2016 – Europa Oil and Gas – slide 31
    Company Presentation April 2016 HOLMWOOD DEVIATED EXPLORATION WELL Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 31
  32. Company Presentation April 2016 – Europa Oil and Gas – slide 32
    Company Presentation April 2016 PEDL 348 Cloughton o Cloughton-1 (Bow Valley, 1986) encountered numerous gas-bearing tight sandstones over a 1200m Carboniferous section. The best three zones tested at 2,000-20,000 scfd. o Third…
  33. Company Presentation April 2016 – Europa Oil and Gas – slide 33
    Company Presentation April 2016 PEDL 286 Goole o Three conventional Carboniferous exploration leads have been identified. o Europa 50% and Operator, Shale Petroleum 50%. o Along trend from Wressle & Crosby Warren, but also on…
  34. Company Presentation April 2016 – Europa Oil and Gas – slide 34
    Company Presentation April 2016 PEDL 299 Hardstoft o Hardstoft was Britains first onshore oilfield, drilled in 1919. It produced 26,000bbl over next 25 years from fractured Dinantian carbonates. o Partners: Ineos, Upland…
  35. Company Presentation April 2016 – Europa Oil and Gas – slide 35
    Company Presentation April 2016 FRANCE FRANCE Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 35
  36. Company Presentation April 2016 – Europa Oil and Gas – slide 36
    Company Presentation April 2016 FRANCE: EXPLORATION AND APPRAISAL Tarbes val dAdour o Europa 20% working interest, 80% Vermilion Energy o Carried on 4.65 million work programme o Likely to be oil workover or exploration / appraisal o…
  37. Company Presentation April 2016 – Europa Oil and Gas – slide 37
    Company Presentation April 2016 LOOKING AHEAD LOOKING AHEAD Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 1. 37
  38. Company Presentation April 2016 – Europa Oil and Gas – slide 38
    Company Presentation April 2016 PORTFOLIO GROWTH UK 14th round Phase 2 Ireland 2015 round Formal award of licenses in Q2 Aiming to add to our Irish 2016. portfolio in Q2 2016. Source: Europa Europa Oil & Gas (Holdings) plc…
  39. Company Presentation April 2016 – Europa Oil and Gas – slide 39
    Company Presentation April 2016 2016 TARGETS o UK onshore 14th round awards o CPR on Wressle reserves o Phase 1 Ireland 2015 Atlantic Margin Licensing round awards o Phase 2 Ireland 2015 Atlantic Margin Licensing round awards o Farm…
  40. Company Presentation April 2016 – Europa Oil and Gas – slide 40
    Company Presentation April 2016 INDICATIVE WORK PROGRAMME Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 40
  41. Company Presentation April 2016 – Europa Oil and Gas – slide 41
    Company Presentation April 2016 INVESTMENT SUMMARY o Combination of stable production and highly prospective exploration o Aiming to drill up to 6 wells in next 4 years, subject to funding, France and Ireland are potential company…
  42. Company Presentation April 2016 – Europa Oil and Gas – slide 42
    Company Presentation April 2016 APPENDICES APPENDICES Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 42 42
  43. Company Presentation April 2016 – Europa Oil and Gas – slide 43
    Company Presentation April 2016 BOARD OF DIRECTORS Hugh is a geologist and joined Europa in 2011. He has a wealth of experience in the oil and gas sector, including Hugh Mackay eight years at BP in a variety of roles in the UK, the…
  44. Company Presentation April 2016 – Europa Oil and Gas – slide 44
    Company Presentation April 2016 ONSHORE UK PRODUCTION: EAST MIDLANDS o Three producing fields: Crosby West Whisby Warren Firsby o Mean net risked reserves 0.27 million barrels o FY15 production of 141 boepd o FY 16 target 125…
  45. Company Presentation April 2016 – Europa Oil and Gas – slide 45
    Company Presentation April 2016 Volumes & Risk Risk (Chance Net Risked Resource Gross Unrisked Resources Net Unrisked Resources Licence Asset Fluid Equity of Discovery / Resources Category mmbbl/Bcf mmbbl/Bcf Commerciality)…
  46. Company Presentation April 2016 – Europa Oil and Gas – slide 46
    Company Presentation April 2016 Value ERCE Jan 2016 mid price deck Net Risked Mean Resource Europa Mean risked Risked EMV (risked EMV (risked Risked ASSET Fluid Resources unrisked Category /boe value Capex net NAV) NAV) NAV…

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