SOCO International plc 2019 AGM 23 May 2019 Slide 3 Key highlights Completion of the Merlon Transaction Continued evaluation of M&A opportunities in line with our strategy STRATEGIC Organic growth through development drilling and…
SOCO International plc 2019 AGM 23 May 2019 Slide 4 A year in review M&A Our Vision ACTIVITY Full-Cycle and Growth Orientated E&P of Scale Portfolio balance across CAPITAL ORGANIC field life cycle STRUCTURE & GROWTH PORTFOLIO…
VIETNAM UPDATE
SOCO International plc 2019 AGM 23 May 2019 Slide 6 Vietnam 1 Jan - 30 April production average of 7,025 boepd TGT production average 5,418 boepd net CNV production average 1,607 boepd net Activity and investment for 2019 to…
SOCO International plc 2019 AGM 23 May 2019 Slide 7 TGT & CNV JOC approved 2019 budget (gross) TGT and CNV 2P and 2C Oil & Gas Production Forecast (boedp) Approved budget TGT CNV Firm Wells 2 0 Contingent Wells 2 0 Well…
SOCO International plc - 2019 AGM 23 May 2019 Slide 8 Future Vietnam Potential TGT HPHT PLAY Blocks 125 & 126 (SOCO WI 70%) Phu Khanh Basin 2D Seismic HPHT WELL Acquisition underway. The HLJOC has approved a Due for second HPHT…
EGYPT
SOCO International plc - 2019 AGM 23 May 2019 Slide 10 Egypt Operated Low Cost Onshore Oil Located in highly prospective Western Desert of Egypt Surrounded by analogue productive fields and 10 Producing Fields existing…
SOCO International plc - 2019 AGM 23 May 2019 Slide 11 El Fayum Development Short-term strategy Schematic Production Profile El Fayum Concession 2019: Stabilize base production, offset declines from existing waterfloods…
SOCO International plc - 2019 AGM 23 May 2019 Slide 12 El Fayum Exploration potential Prospects and Leads Locations AR F Resource Play Potential Proven reservoirs in the Al Madinah Western Desert New prospective play concepts…
SOCO International plc - 2019 AGM 23 May 2019 Slide 13 Exploration Block award North Beni Suef Block 5 (New Concession) Feb 2019 Winning bidder for North Beni Suef (NBS) concession in February 2019 Phase I commitments (3 years): 2…
SOCO International plc 2019 AGM 23 May 2019 Slide 14 Strategic value creation and growth options Transformational Merger / RTO Bi-lateral third party Paper / paper mergers 250 million negotiations . opportunities Re-rating…
Appendix
SOCO International plc 2019 AGM 23 May 2019 Slide 16 2018 Finance Results Oil Price Realised(/bbl)* Revenue (m) *Realised oil price per barrel is the average proceeds received for each barrel of oil sold in the period 200 80 175…
SOCO International plc 2019 AGM 23 May 2019 Slide 18 Capital allocation 2019 GUIDANCE- VIETNAM Capital Low Cash Operating Cost Discipline 13.6/boe 125 & 126 12m Capex Spend Capital Investment in Assets (including…
SOCO International plc 2019 AGM 23 May 2019 Slide 19 Steady Finances Capital Expenditure (Cash m)* Net Cash from Continuing Operating Activities (m) Cash, Cash Equivalents and Liquid Investments (m)1 *includes abandonment funding 60…
Investor Relations SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Company No: 3300821 www.socointernational.com
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