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Investor Meetings – Eland Oil and Gas

Eland Oil and Gas · Oct 1, 2014 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Meetings – Eland Oil and Gas – slide 1
    INVESTOR MEETINGS October 2014
  2. Investor Meetings – Eland Oil and Gas – slide 2
    WHO WE ARE Eland is a listed independent oil and gas company focused on production and development in West Africa particularly the highly prolific Niger Delta region of Nigeria. OML 40 in Nigeria is Elands core asset (in partnership…
  3. Investor Meetings – Eland Oil and Gas – slide 3
    WHY INVEST IN ELAND Producing company with significant growth potential OML 40 - greenfield core asset Significant, only partly developed, reserve base with outstanding upside of 41.2 mmbbl gross 2C resources and 254.5 mmbbl gross…
  4. Investor Meetings – Eland Oil and Gas – slide 4
    ELAND SHARE PRICE DISCOUNTED NAV OPPORTUNITY 140 Shares in Issue: Performance versus market (rebased to Eland share price at 1 Jan 141,263,214 130 Share Price (1 October 2014) 120 99p Market Cap (1 October 2014) 110 140…
  5. Investor Meetings – Eland Oil and Gas – slide 5
    WHY INVEST IN ELAND Our Growth Strategy Increase production Commence development drilling programme utilising debt facility Maximise oil and gas Potential upside reserves Converting OML 40 leads Strong focus on bringing…
  6. Investor Meetings – Eland Oil and Gas – slide 6
    NIGERIA AT A GLANCE Reserves and Resources: Operating Environment: Africas largest oil producer. Nigeria is geologically low risk Daily production exceeds 2.3 with exceptional opportunities mmbbls per day* in exploration and…
  7. Investor Meetings – Eland Oil and Gas – slide 7
    OML 40 A PORTFOLIO IN A LICENCE Licence area 498km2, located in the Niger Delta, approximately 75km north-west of Warri Gross 2P oil reserves of 81.4 mmbbl (net 25.3 mmbbl) are found in the Opuama and Gbetiokun fields Primary…
  8. Investor Meetings – Eland Oil and Gas – slide 8
    OML 40 INFRASTRUCTURE AND EXPORT PIPELINE Export and transport of crude Crude oil is pumped from the Opuama Flow Station via a 36km pipeline to Otumara Injection point to the Trans Escravos pipeline is at Otumara (custody…
  9. Investor Meetings – Eland Oil and Gas – slide 9
    OML 40 RESERVES Oil Reserves (MMB) Net Oil Reserves (mmbbl) Net Entitlement Gross (Eland) 30.9 Before After Before Category % Royalties Royalties Royalties 25.3 Proved (1P) 38.7 31.0 16.4 42.5% 16.4 Proved + Probable 81.4…
  10. Investor Meetings – Eland Oil and Gas – slide 10
    CONTINGENT AND PROSPECTIVE UPSIDE A Portfolio in a Licence Contingent Resources (mmbbl) OML 40 has a large upside; containing both significant contingent and prospective resources 114.7 The majority of OML 40s contingent resources…
  11. Investor Meetings – Eland Oil and Gas – slide 11
    WORK PROGRAMME 2014 2015 2016 Q4 Q1 Q2 Q3 Q4 Q1 OML 40 Opuama Development Opuama Development Drilling West Drilling OML 40 Gbet. OML 40 Dev. East Drilling OML 40 Replacement Export Pipeline to Otumara…
  12. Investor Meetings – Eland Oil and Gas – slide 12
    OML 40 OPUAMA SURFACE LAYOUT Planned development wells will be drilled from a Wells 1 and 3 normalised gross production totaling central location near the flow station over 3,500 bopd Re-entry potential on wells 4, 5 & 7 Each new…
  13. Investor Meetings – Eland Oil and Gas – slide 13
    OML 40 OPUAMA RE-DEVELOPMENT Opuama 1 is still producing over 1,700 bopd after 30 years without showing any significant decline New wells on Opuama are expected to deliver high flow rates and high oil recovery through accurate…
  14. Investor Meetings – Eland Oil and Gas – slide 14
    UBIMA ASSET OVERVIEW OPERATING CONTROL The license area is 64km2, located onshore in the northern part of Rivers State and has been carved out of OML 17, operated by the Shell Petroleum Development Company 2C resource estimates…
  15. Investor Meetings – Eland Oil and Gas – slide 15
    HOW WE FUND OUR ASSETS 2014/2015 Key Funding Points Cash as at 30 September 2014 of 18.2 million Debt funding Standard Chartered Bank debt facility of 22 million, currently undrawn RBL to significantly increase funding levels. The…
  16. Investor Meetings – Eland Oil and Gas – slide 16
    OML 40 CURRENT NETBACK 54 PER BARREL 100.00 20.00 100 90 11.75 80 70 9.75 2.50 Oil /bbl 60 1.88 54.12 0.00 54.12 50 40 30 20 10 0 Oil Revenue Royalties Repairs, Opex Tariff Education Tax & Chargeable…
  17. Investor Meetings – Eland Oil and Gas – slide 17
    FUNDING TO EXECUTE WORK PROGRAMME 600 500 Revenue 467.12 Revenue 445.37 400 390.16 374.66 300 Revenue million 200 188.05 Revenue 100 12.27 Debt Debt Debt Debt 75.00 47.23 70.00 60.00 75.00 46.31 0 40.96…
  18. Investor Meetings – Eland Oil and Gas – slide 18
    NEAR TERM VALUE DRIVERS ACCESS TO DEBT Provides funding required to allow the commitment to the planned drilling FACILITY programme CLOSING THE DISCOUNT RESERVE BASED LENDING FACILITY Utilise 30 June 2014 CPR to maximise RBL…
  19. Investor Meetings – Eland Oil and Gas – slide 19
    WITH THANKS Aberdeen Nigeria London Seabrokers House 10 Osun Close 2nd Floor Prospect Road Off Osun Crescent 43-44 New Bond Street Westhill Maitama London Scotland AB32 6FE Abuja UK W1S 2SA Tel: +44 1224 737300 Tel: +234 9 623 3008…

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