Petroceltic corporate overview (AIM: PCI) Share in issue and market capitalisation Shares in Issue 213.7 Million Market Cap - 170p 590 Million Enterprise Value 760 Million EV/BOE 2.92 /boe Proven and Probable Reserves 31 Dec…
Producing and Development Assets Algeria, Egypt, Bulgaria Core Value 3
Sustainable long term production profile Mboepd, Working Interest basis 50 40 30 20 10 0 Gas Liquids 2014 production guidance upgraded to 21-23 Mboepd, H1 2014 actual 25 Mboepd Producing Reserve Life of 10 years as at…
Algeria Overview- Ain Tsila World class development with many regional analogues 5
Ain Tsila- development timeline 2013 2014 2015 2016 2018 Groupement FEED Awarded Award EPC Infrastructure Commissioning established Gas Sales Drilling and on- Liquids marketing First gas FEED Tender Agreement Signed going…
Algeria - Ain Tsila Value growth through execution Petroceltic interest valuation* Petroceltic has managed financial exposure 1600 to Ain Tsila through farmouts 1400 1200 These transactions have clearly 1000 demonstrated growing…
Indicative upside production profile 800 Enhanced Plateau 700 mmscfd wet gas 700 600 Wet Gas Rate (MMcfpd) 500 Upside Production Profile 400 300 200 Initial Production Profile 100 Plateau rate 355mmscfd 0 0 1 2 3 4…
Egypt - portfolio geared to long term growth Operated assets onshore Nile Delta (100% working interest) 15 development leases, 12 fields on production Two key assets with long term production South Idku, exploration concessions…
PETROCELTIC INTERNATIONAL PLC Egyptian Political and Economic Situation Political stability returning New constitution approved in January Presidential elections won by President El Sisi Government focus on stability, security and…
Renewing the Egypt portfolio- South Idku - Back to the Future.. Licence ratified February 2014 - Petroceltic 75% and operator, Edison 25% Replicating historically successful onshore Nile Delta exploration strategy Post 3D seismic…
North Thekah/North Port Fouad Highly prospective new offshore acreage Offshore Nile Delta Large deepwater licences (7,000 km2) Extensive acreage position covering both Nile Delta and Egyptian extension of the Levantine Basin…
El Qaa Plain- Underexplored oil prone onshore acreage Gulf of Suez Dana 37.5% operator, PCI 37.5%, Beach 25% Underexplored 1824 km2 onshore block (with 2D seismic/2 wells drilled in target sub basin) Lower Cretaceous (Nubian)…
Egypt is becoming a net gas importer.. LNG production and consumption Base domestic gas price is set at 2.76/mcf Approximately 30% of domestic gas production achieves enhanced prices to permit development (up to 5.80/mcf) Price…
Cash generative Bulgaria production Galata Block (100% WI) located in shallow water…
Exploration portfolio Kurdistan, Romania, Italy, Greece Growth potential for the future scale of the business 16
Active exploration, appraisal and development programme 2014 2015* SOUTH WORK WD 8 WO EAK 1 ST WK1 ST WK 10 SK 3 WD 15 HZ DIKIRNIS OVERS Egypt - Nile Delta FACILITY INTEGRATION AND SAFETY UPGRADES Egypt - New licences SOUTH…
Kurdistan Region of Iraq- High Impact campaign in progress Hess Operator, 64%, Petroceltic 16%, KRG 20% (carried) Situated adjacent to existing discoveries in northern Kurdistan Taq Taq, Bina Bawi, Shaikan, Atrush, Swara Tika,…
Kurdistan - Dinarta 3 Independent structures with 1.9 Bboe potential Shireen Anticline: Simple Fold Geometry Jurassic-Triassic Reservoirs Shireen-1 well spudded June 2014 4 way dip closed prospect Oil prone in Jurassic and…
Romania exploration- Shallow Water Potential Muridava (Ex27): Petroceltic 40%, Sterling 40%, Petromar 20% Est Cobalcescu (Ex28): Petroceltic 40% Beach 30%, Petromar 30% Mainly shallow water (jack-up) with multiple proven…
Italy - Key appraisal / development asset: Elsa field Petroceltic operated asset (55% WI) (1) discovered in 1992 Gross 2C contingent resource 95 MMbbls (2) 65 metre oil pay zone identified in Cretaceous dolomites, but not…
Italy exploration: Po Valley, Carpignano Sesia Thrusted structure identified to west of producing 250MMbbls Trecate / Villafortuna field Triassic fractured carbonate targets - P50 prospective resources 230 MMbbls (1) Stakeholder…
Corporate activity and conclusions 23
Interim Results 2014 Revenue of 96.3m from production in Egypt June June (61.2m) and Bulgaria (34.9m) Income Statement 2014 2013 m m First half WI Production of 25.2Mboepd significantly ahead of guidance Revenue 96.3 103.7…
PETROCELTIC INTERNATIONAL PLC Planned step up to Official List Proposed application for UK Standard Listing intention to apply for Premium listing at a later date secondary listing on the Irish Stock Exchange Simultaneously…
PETROCELTIC INTERNATIONAL PLC Well positioned for growth Balanced portfolio of exploration, development and production assets 2014 Guidance upgraded Algeria development project on track - farmout funds received, experienced team…
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