Macquarie Oil and Gas Explorers Conference 13th January 2014 Joel Price, COO Lewino-1G2 shale frac (Baltic Basin, Poland) during clean up, 2014
Contents Company overview Activities over last 18 months Turkey Poland overview Polish shale detail Lewino1G2 shale frac activity Summary 3
Company Overview AIMlisted independent Exploration and production company Gold Point Europe & North Africa / Med focussed Energy (2009) High impact exploration in Poland and Morocco Island Production with upside in Turkey…
San Leon Energy Plc Asset Overview Extensive Acreage Base San Leon Energy Alpay Enerji Includes acreage indirectly held through shareholding post Ireland deal 5
Key milestones achieved over the last 18 months Five successful farmouts / sales to reputable companies: Foum Draa to Cairn, Sidi Moussa to Genel, Amstel NPI to GdF Suez, Braniewo to Wisent, CybinkaTorzym to Aspect Energy Drilled or…
Producing Oil & Gas Assets In Turkey Acquired 75% of Alpay Enerji (Sept 2013) CPR: 6.5 Bcf (1P) and 47 Bcf (2P) (1) Further resources estimated at 141 Bcf 16 licences over 1.8 million acres (1.4 net) Existing Compressed Natural Gas…
Poland - Diverse Portfolio Across Many Plays 42 Licences across 4.9 million Net Acres (6.8 million Gross) Baltic Basin Targets Paleozoic shale play 1. Baltic Basin Gas, condensate and oil Permian Basin Targets Unconventional…
Poland Baltic Basin, Adding Value Sasol/Talisman 38,000/acre Huge upside potential in shale Huge upside potential in shale 30,000 Petronas/Montney 6,000/acre Shell/Marcellus 4,700/acre valuations: valuations: Total/Utica 15,000/acre…
Poland Baltic Basin, 146Tcfe (1) Paleozoic Shale Play POLAND Gross Net 2 2 WI Basin Acres KM Acres KM Gdansk W 221,014 894 221,014 894 100% Braniewo S 257,654 1,043 257,654 1,043 100% Szczawno 149,103 603 74,552 302 50% Gniew…
Poland Baltic Basin, San Leon Areas And Activity Activity to date: 3 wells drilled in 2011/12 by Talisman Talisman exited and SLE is back to 100% Gdansk W Gdansk West Braniewo S Lewino1G2 well frac done x3, cleaning up…
Lewino-1G2 Overview (Gdansk W) Main shale interval of interest in Lewino 1G2 is the Ordovician Attractive combination of porosity, pressure, TOC, clay content and existing fractures Gdansk West GIIP estimate: 12 18 Tcf…
Lewino-1G2 Clean Up & Testing Clean up has progressed with very encouraging signs Unusually, 30% of frac fluid recovered without using nitrogen lift or a completion Gas flowed almost immediately, and has been continuous when the…
Summary & Outlook Extensive portfolio of assets/acreage, including both conventional and unconventional Highimpact exploration, nearterm commercialisation and Turkish production Cashflow expected to fund group by Q2 2014 Allows…
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