Visit us at booth 732 NAPE 2013 International Pavilion Prospects Mullen & Kiernan in the South Porcupine Basin Offshore Ireland Hugh Mackay Europa Oil & Gas www.europaoil.com 6 February 2013
Europa Oil & Gas (Holdings) PLC Registered in UK, listed on AIM, market cap 15 million/24 million Ticker EOG Europa Asset Portfolio Jan 2013
Europa Oil & Gas (Holdings) PLC Portfolio Three core areas : UK, France and Ireland 1) UK - production and exploration low risk/modest reward 2) France - gas appraisal low risk/moderate reward 3) Ireland - frontier oil exploration high…
Location 200km South Porcupine Basin, underexplored 100% equity in two licence options LO 11/7 and LO 11/8, 1000 km2 each Large Lower Cretaceous clastic prospects with amplitude support Proven play at Burren (North Porcupine),…
Licence details 200km License Option 1Nov 11 31 Oct 13 Apply for Frontier Exploration Licence Relinquish minimum 25% 15 years duration 1 phase of 3 years followed by 3 phases of 4 years each. seismic and well commitments LO…
Porcupine Basin Water Depth (m) Burren Lower Cretaceous oil discovery 375 bopd Dunquin Middle Cretaceous Carbonate prospect 8.4 TCF + 316 MMBO drill Q1 2013 LO 11/7 Mullen Lower Cretaceous play Line of section 800m-1400m water…
South Porcupine Basin Cross Section NW SE Paleocene Play Dunquin play on PMVR Mullen Kiernan Aptian play Valanginian (West) play (East) Jurassic Pre-rift plays Jurassic Pre-rift plays PMVR: Porcupine Median…
Line PSB97-08 LO 11/7 Mullen Plays Paleocene Play Aptian Play Mullen Pre rift Jurassic Play Barremian Play 11/07 Seabed response Polarity : black peak decrease in acoustic impedance Data shown courtesy of TGS and…
Base Cretaceous Depth map (m) Combined map of Late Cimmerian Unc. and PMVR structure. 35/30-1 Arrows indicate possible Lower Cretaceous sand provenance directions PMVR From Porcupine High in West From Munster basin (ORS) in…
Mullen Jurassic source maturity Top Jurassic maturity 35 My Top Jurassic maturity 0 My Mullen Mullen LO 11/7 LO 11/7
Mullen Cretaceous source maturity Lower Cretaceous maturity 35 My Lower Cretaceous maturity 0 My Mullen Mullen LO 11/7 LO 11/7
Mullen Aptian Depth Map (m) Geological section P1 closure P50 closure P90 closure Dip Line Jurassic Play Fairway 43/13-1 LO 11/7
Geoseismic Section: Mullen Dip Line W E MULLEN PROSPECT Development of Late Aptian- Early Albian marine mudstone top seal Lateral/Updip pinch out of turbidite sandstone reservoir Mid Aptian Unconformity and correlative…
Analogues- African transform margin Cretaceous turbidite sandstones in stratigraphic traps
Mullen Volumetrics and Resources P90 Geo P50 amp P10 Geo GRV m3 x106 890 3,980 11,099 Resources mmbbl 66 318 1,092 Mean resources 482 mmbbl Closure defined by structural and stratigraphic mapping Amplitude supported closures
11/08 Kiernan prospect and Leads Barremian Fan Valanginian A Fan Pre-Rift Jurassic Lead PSB97-50 SPB97-146 Water Depth Contours C.I. 250m Valanginian B Fan P50 closures shown for 11/08 Cretaceous Fans Base Cretaceous…
Line SPB97-146 Barremian Sequence Aptian Valanginian A Sequence Valanginian Valanginian B Sequence Base Cretaceous Pre-rift Sequence
Line PSB97-50 Base Tertiary Base Chalk Barremian Sequence Aptian Valanginian A Sequence Valanginian Base Cretaceous
Top Valanginian A Fan Depth map (m) with P10-P50-P90 closures P90 closure Closing contour: 6700m Column height: 300m Area: 134 sq kms BRV: 15x106m3 P50 closure Closing contour: 6800m Column height: 400m Area: 192 sq kms BRV:…
Top Valanginian A Depth map (m) with P10-P50-P90 closures + Fan isopach map Up dip trap limit defined by 100m depth isopach P10 closure 10km C.I. 50m
11/08 Prospects and Leads Barremian Fan NE Pre-Rift Jurassic Lead Area 50km2 Valanginian A Fan SPB97-145 PSB97-50 SPB97-146 Water Depth Contours C.I. 250m Base Cretaceous 4 Valanginian B Fan way dip closure Area: 50 km2 P50…
Prospectivity Western Tranche Eastern Tranche Mullen with 0.5 Kiernan with 1.6 billion bbl mean billion boe* mean unrisked reserve unrisked reserve Licence Lead Reservoir Water Reservoir Resources Depth Depth P90 P50 P10 Mean…
Prospect Reserve Size Cut-off for Porcupine Basin Derisk with 3D Current position Basin immaturity (and risks) suggests minimum drillable prospect size is around 200 mmbbl despite lenient fiscal regime
De-risking Objective mature prospect to drillable status Further work: Undertake more reprocessing of existing 2D to support geophysical studies Ongoing rock physics and AVO studies on 2D data Acquire state of the art 3D seismic…
Summary South Porcupine Basin, offshore West Ireland - underexplored frontier basin Europa has 100% equity in two licences: L0 11/7 and LO 11/8 Two prospects with potential to host large volumes of hydrocarbons in Cretaceous…
For further information contact: Europa Oil & Gas (Holdings) PLC 6 Porter Street London W1U 6DD UK Telephone +44 20 7224 3770 maileuropaoil.com www.europaoil.com Visit us at booth 732 in the International Pavilion
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