DYNAMIC GROWTH IN SOUTH AMERICA BEING DELIVERED February 2019 25 February 2019 Investor Presentation
THE PROPOSED FUNDRAISING The proposed fundraising is structured as an Offer for Subscription for up to 6.5million at 8p per Offer Share: 25 February 2019 Publication of Offer Document and launch of Offer 1.00 p.m. 8 March 2019…
PURPOSE OF THE OFFER Purpose of proposed Fundraising To accelerate the work already being funded by Presidents free cash generation to expand the material growth and progress of the Company with such currently self funded capex…
WHERE WE OPERATE ARGENTINA Argentina America 1 Puesto Guardian (Five Oil Fields) 2 3 Production (Operator) 100% 1 East Lake 1 Verret Argentina Production 1 (Operator) 2 2 Lake Peigneur PARAGUAY Production (Operator) 6/7…
THE INVESTMENT GROWTH STORY A dynamically growing, profitable, cash flow positive company Peter Levine (CEO) 29.9% shareholder Significant Owned and and principal Operatorship of all potential for operated pan- funder ensuring…
STRATEGY HOW WE ACHIEVE OUR SUCCESS MANAGEMENT FOCUS STRATEGY EFFICIENCY PORTFOLIO AND CONTROL Sweating the Building a highly As the operator Emphasis on cost Concentration on significant scalable of all our assets efficiency…
BOARD OF DIRECTORS AND SENIOR MANAGEMENT PRESIDENT BOARD OF DIRECTORS SHAREHOLDER STRUCTURE 26.9% 29.9% Peter Levine Rob Shepherd Jorge Bongiovanni Alex Moody-Stuart 8.8% Chairman and Finance Director Non-Executive Director…
MATERIAL PROGRESS IN 2018 UNAUDITED* UNAUDITED* NET GROUP ADJUSTED (1) GROUP YEAR END TURNOVER EBITDA PRODUCTION US47.2 US16 3,300 MILLION MILLION BOEPD 2017: 160% (US1.4M) 194% INCREASE INCREASE LOSS UNAUDITED* UNAUDITED*…
RESERVES AND RESOURCES GROUP NET RESERVES(1) NET EXPLORATION RESOURCES(2) As at 31 December 2018 ARGENTINA 15 MMBOE 194 1P NPV10: US180M MMBBLS 7 TCF** PARAGUAY 25 MMBOE OVER 2P NPV10 : US300M 500 MMBOE** LOUISIANA…
ARGENTINA Regional Hotspot for Oil and Gas Investment Slide 11 25 February 2019 Investor Presentation
ARGENTINA MACRO ENVIRONMENT PROGRESSIVE, PRO BUSINESS GOVERNMENT: Vibrant Fully 50 Billion Stock Corporate Tax convertible (currently 30%) IMF Loan Exchange reducing to currency Has stabilised the economy No restriction on…
NEUQUEN BASIN ASSETS Rio Negro Province, Argentina 1 Puesto Guardian (Five Oil Fields) Production (Operator) 100% 2 Matorras Exploration (Operator) 100% 3 Ocultar Exploration (Operator) 100% 4/5 Puesto Flores/ Estancia…
PUESTO FLORES FIELD Neuquen Basin Concession Licence to 2027 (with extension rights). Operator, WI 90% PAST PRESENT Former Chevron Field acquired end Q3 2017 with Estancia Vieja for January 2019 production increased by over 60% year…
ESTANCIA VIEJA FIELD Neuquen Basin Concession Licence to 2027 (with extension rights). Operator, WI 90% PAST PRESENT Former Chevron Field acquired end Q3 2017 Now producing gas to power Puesto Prado field Shut-in gas wells…
PUESTO PRADO FIELD Neuquen Basin Concession Licence to 2028 (with extension rights). Operator, WI 90% PAST PRESENT Former Chevron field acquired December 2018 for 4 wells re-activated US3.9m Field producing 130 bopd Many shut-in…
LAS BASES FIELD Neuquen Basin Concession Licence to 2028 (with extension rights). Operator, WI 90% PAST PRESENT Former Chevron field acquired December 2018 for US6m Sub-surface studies continuing Many shut-in gas wells with…
PUESTO GUARDIAN CONCESSION Noroeste Basin, Salta Province Concession License to 2050 (with extension rights). Operator, WI 100% PAST PRESENT Former YPF Concession Current production of over 400 bopd Five separate fields at one stage…
LOUISIANA Stable cash flow from reliable operation Slide 19 25 February 2019 Investor Presentation
LOUISIANA ASSETS 1 East Lake Verret - Two producing wells USA Triche (62.5% WI / 37.5% NRI) and Simmons (43.9% WI / 33.3% NRI) Currently producing some 300 boepd, generating at current prices US180k per 1 East Lake month in free cash…
PARAGUAY A compelling opportunity to change a countrys history Slide 21 25 February 2019 Investor Presentation
PARAGUAY EXPLORATION Exploration assets with the potential to transform the Company Over 500 MMboe of mid-case prospective median risked resources in first two drillable prospects with many more leads identified The first prospect…
ACTIVITY 2019 In present core assets Slide 24 25 February 2019 Investor Presentation
INDICATIVE ACTIVITY PLANS IN EXISTING ASSETS ACTIVITY H1 2019 H2 2019 Drilling - Development PUESTO Drilling - Exploration FLORES Workover Drilling - Development ESTANCIA Drilling - Exploration VIEJA Workover Drilling -…
THE INVESTMENT GROWTH STORY A dynamically growing, profitable, cash flow positive company Peter Levine (CEO) 29.9% shareholder Significant Owned and and principal Operatorship of all potential for operated pan- funder ensuring…
Thank you Office Headquarters 1200 Century Way, Thorpe Park Business Park Leeds, LS15 8ZA. United Kingdom Company Registered Office Argentine Office Paraguay Office USA Office 1200 Century Way Juana Manso 1750, Complejo Zencity…
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