Trap Oil Group plc Corporate Presentation January 2014 3 of 22 Trapoil Facts Trapoil has cash resources and an established revenue stream to execute its current strategy for the next 3 years Drill out best prospects in existing…
Trap Oil Group plc Corporate Presentation January 2014 4 of 22 Company History IPO USP was to use the 60m gross raised to be an active explorer in the UK North Sea with carried interests Carrying partners at time of IPO (March…
Trap Oil Group plc Corporate Presentation January 2014 5 of 22 Trapoil from 2011 - 2013 - A tough market Trap Oil Group PLC vs. Exploration Peers Indexed Price Performance Price (Indexed to 100) 120 120 Trapoil has…
Trap Oil Group plc Corporate Presentation January 2014 6 of 22 Current Position Drilling plans in North Sea are difficult to control due to: Rig issues (availability & cost) Partner drag (big companies have high materiality…
Trap Oil Group plc Corporate Presentation January 2014 7 of 22 Potential wells & spend - 10m over next 30 months, possible c.25m post 2015 Potential wells and dates Likely spend (equity) Possible spend subject to funding being…
Trap Oil Group plc Corporate Presentation January 2014 8 of 22 Athena production Athena Daily Field Production Graph 14,000 6,000,000 Dry Oil (bbls) Steady produc-on. Well Cum Oil capacity circa 7,000 bopd but 12,000…
Trap Oil Group plc Corporate Presentation January 2014 Athena - Trapoil View S an d pi nc h ou t Possible un swept Oil Water area Contact Failed pumps Water Injector Likely water encroachment
Trap Oil Group plc Corporate Presentation January 2014 10 of 22 Indicative Valuation - 30 Month Drilling Programme Indicative Asset & Company Valuation at December 2013 Farm-out secured 108.10 10.35 30.03 35.26…
Trap Oil Group plc Corporate Presentation January 2014 11 of 22 2014 - New Major Cost Reduction Programme Employment Costs Executive & Non-executive Directors 20% reduction in 2014, execs are in lowest quartile for AIM Staff…
Trap Oil Group plc Corporate Presentation January 2014 12 of 22 Key Cashflow Drivers & CAPEX Commitments Significant Firepower Available Cash, Liquid & Other Short Term Assets CAPEX Provisions & Other Income in 2014 Cash at Bank…
Trap Oil Group plc Corporate Presentation January 2014 13 of 22 Trapoil Value Drivers Good portfolio of assets Several farm out deals already achieved on assets IGas shares offer exposure to onshore UK Non conventional assets…
Trap Oil Group plc Corporate Presentation January 2014 14 of 22 Appendices
Trap Oil Group plc Corporate Presentation January 2014 15 of 22 Current Shareholders direct access to c. 70% Others South Yorks. CC 17% Management & Founders Alpha Papa 1% 15% 2% Sector Investment Mgrs 2% Execution Retail…
Trap Oil Group plc Corporate Presentation January 2014 16 of 22 Trapoil Management Team Paul Collins Mark Groves Gidney Scott Richardson Brown Martin David Chief Operating Officer Chief Executive Officer Finance Director…
Trap Oil Group plc Corporate Presentation January 2014 17 of 22 An Existing Appraisal Asset - Surprise Overview STOIIP: 73.9 mmboe Mid case reserves from simulation: 13.8 mmboe 3 distinct and separate reservoirs in 2 fields…
Trap Oil Group plc Corporate Presentation January 2014 18 of 22 An Existing Appraisal Asset Surprise (contd) Headline Economics Forecast Production (Annual Averages) 10 year field life; 95/bbl; 13.85 mmboe reserves NPV10 100m ;…
Trap Oil Group plc Corporate Presentation January 2014 19 of 22 An Existing Appraisal Asset Alfa-Romeo Romeo pre and post drill Firm well on Alfa to be drilled late 2014/Q1 2015 Romeo well currently 100% Total Well…
Trap Oil Group plc Corporate Presentation January 2014 20 of 22 Non Conventional Kimmeridge Oil Play Trapoil acreage 16/12 - 6 Key Points Data base seismic, historic wells, geochem analysis, cores and plugs 16/12 - 6 Logs…
Trap Oil Group plc Head Office 4 Park Place St James, Mayfair London, SW1A 1LP T+44 (0) 203 170 5586 F+44 (0) 203 170 5587 Operations Office 35 King Street London, EC2V 8EH
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