Fastnet Oil & Gas Plc Corporate Presentation December 2014
Company Overview Moroccan Assets Company Overview Irish Assets Outlook Moroccan Assets Irish Assets Outlook
OVERVIEW Overview and Company Funding Portfolio includes onshore and offshore Morocco and offshore Ireland with 16 primary exploration and appraisal prospects matured for drilling Cash balance USD 18 mm at 30 November 2014 Running…
OVERVIEW Frontier Exploration Asset Overview Strategic focus on high-volume, high- value, frontier petroleum systems Fastnet Interest Licence Name Region Area Partner Operator Gross Net Tendrara Lakbir Onshore Morocco 14,548 km2 66.7%…
OVERVIEW Business Model Health Check 25,054 sq. km. under licence and exclusive options ACQUIRE ACQUIRE Continually reviewing and seeking out new niche opportunities 1,910 sq. km. of 3D seismic acquired in Ireland ANALYSE ANALYSE…
THE TEAM Experienced Board & Senior Management Cathal Friel, Non-Executive Chairman 25+ years 100 million 2.5 billion Managing Director and one of the founders of Raglan Capital in Managerial One of the founding directors Value of…
Company Overview Moroccan Assets Company Overview Irish Assets Outlook Moroccan Assets Irish Assets Outlook
MOROCCO Energy Prices and Fiscal Regime The gas and oil prices in Morocco are indexed to international prices. The gas price at the Morocco - Algerian border is 10 to 11 USD per mscft. Locally produced gas sells in the domestic…
MOROCCO Gas-to-Power Opportunity 470 MW of Existing Gas Power Capacity in Morocco (Population 33 million) 4,000 MW Planned Increase in Gas Power Capacity (requiring 600 mm cfgpd) 367% Increase in Gas-Fired Electricity…
MOROCCO Access to European Gas Network Capacity: 12.5 BCM/year (441.37 BCF/year) Installed Capacity: 18 BCM 14% of transport capacity entitled to Morocco 100% capacity rights to Morocco in 2021 Transit fees for Morocco of 600…
MOROCCO Tendrara Lakbir Option Scale 14,548 sq. km. Over entire prospective Missour-Tendrara Basin Largest licence in Morocco over the proven Triassic TAGI gas play Material, near-development gas project clear pathway to early…
MOROCCO Tendrara Lakbir Exploration History: 6 out of 7 wells drilled discovered gas Legacy Prospectivity (2000-2008) Additional Untested Upside TE-5 Gas Structure (red) Cambro-Ordovician 488 sq. km. 3D & 4,110 kms. 2D seismic NE…
MOROCCO Fastnet TAGI I Depth Map (At Seismic Reference Datum) MODEL 4 Uses pseudo-interval velocities based upon revised TWTs at well locations P90 CLOSURE GDT TE-5 2451 m SRD Area within Cyan Dots = 25 sq km P50…
MOROCCO Fastnet Independent Reservoir Engineering Study TE-5 Well inflow Performance Rates TE-6 Well to test well deliverability case A 9mm cfgpd A (Case A 9.1 mm cfgpd with all zones in 22.5m perforated; S = 0) (EWT Well…
MOROCCO Meskala Gas Field: On-Trend Producing TAGI I Gas Reservoir Analogue Supports TE-5 Gas Potential Exploration History MKL-101 Gas Discovery drilled in December 1981 field on-stream in 1987 TAGI Triassic reservoir (also tested gas…
MOROCCO Untested Unconventional Palaeozoic Hydrocarbon Plays OSD-1 (Carboniferous) 62 TCF TOC up to 11.44% at 2401m Missour Basin TENDRARA Tmax 439 LICENCE OSD-1 S2 187 mg/g HI 163 800m+ thick TAJ-1 TAJ-1 (Silurian) TOC up to…
MOROCCO Offshore Morocco Play Fairway Analysis FA-1 well trade value is being used to give valuable insight into an ongoing analysis of the potential of the under- explored offshore Deep Secondary Target favoured by Fastnet and a…
MOROCCO FA-1 Preliminary Well Post Mortem Shows Untested Potential Pre-Drill Fastnet Post-Drill Fastnet Primary Wedge Primary Wedge Target Target Tagged but not Penetrated FA-1 SALT Live Oil Shows Flat Spot High…
MOROCCO FA-1 Sidewall Cores Live Oil Under UV Light Source: CoreLab www.fastnetoilandgas.com 20
Company Overview Moroccan Assets Company Overview Irish Assets Outlook Moroccan Assets Irish Assets Outlook
IRELAND Celtic Sea Offshore Highly prospective basin capable of delivering significant near-term production Attractive petroleum geology with major reserves potential: largest producing gas field at Kinsale Head, large prospects with…
IRELAND Deep Kinsale - Large Untested Closure Below Shallow Producing Gas Field North South East Northern Bounding Fault Kinsale Field 1.7 TCF Gas Southern Bounding Fault Base Chalk Deep Kinsale Approx. Licence Primary…
IRELAND P50 Closure for Upper Purbeck Sands Primary Prospect A 3D Seismic De-risk Legacy Reservoir Compartmentalisation Issues Primary Prospect A Basal Wealden 46 sq. km. 48/25-1 Oil Discovery Lower Wealden 46.7 sq. km.…
IRELAND Multiple Options to Develop Celtic Sea Gas Existing infrastructure 34 kms to connect to New pipeline build onshore gas infrastructure 155 kms to Bantry Bay Oil Floating facility Terminal Infrastructure 185 kms to…
IRELAND New 3D Seismic Defines Large Potential Gas Anomaly Over Primary Prospect A 91.9 sq. km. giving 1.45 (P50) to 2 (P10) TCF of Recoverable Gas RMS Amplitude Extraction, TDW 40 mins 100ms Basis for Maximum closure Inline 728 at…
Company Overview Moroccan Assets Irish Assets Outlook www.fastnetoilandgas.com 27
OUTLOOK Near Term Share Price Catalysts Strong uncommitted cash balance with low corporate overhead Seeking a one year extension to the Tendrara Lakbir Option Progressing ongoing discussions with potential partners for Tendrara.…
Fastnet Oil & Gas Appendices Appendices www.fastnetoilandgas.com 29
MOROCCO Fastnet New TE-5 Unconventional NuTech Petrophysics TAGI-I Perforated Zone 2,588.5m-2,620m Identification from logs of higher permeability layers calibrated to available core data Perforated zone tested only some of these:…
IRELAND Deep Kinsale New 3D Seismic De-risk Potential Untested Thicker Sand Intervals North South East Northern Bounding Fault Southern Bounding Fault Base Chalk Deep Kinsale Prospect A Middle Wealden Mounding in…
IRELAND NuTech Data Unconventional Petrophysics for 48/25-1 48/25-1 Logged 532 feet of net oil pay The Lower Wealden interval from 6600-7060ft is sst with 270 feet of net pay. The characteristics of this interval are: average porosity of…
IRELAND NuTech Data Unconventional Petrophysics for 48/25-1 48/23-1 48/24-3 48/25-1 Seal Interval Lower Wealden Reservoir Interval Good Continuity of Barryroe Tested Sands Over 10s of Kilometres Upper Purbeck…
MOROCCO: FOUM ASSAKA Fastnet farm-out agreement with SK Innovation About SK Deal Terms SK Innovation is part of SK Group, the third largest SK acquired a 12.5% Gross interest (9.375% Net) in Foum conglomerate in South Korea behind…
APPENDIX Analyst Coverage Name Company Harry Stevenson Beaufort Securities Sam Wahab Cantor Fitzgerald Job Langbroek Davy Ian McLelland Edison Research Tao Ly GMP Securities Gerry Hennigan Goodbody Richard Savage…
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