Egdon Resources plc Preliminary Results for the year ended 31 July 2014 & Business Review Slide 1 November 2014
Egdon at a Glance AIM Listed (EDR) Formed 1997 Established oil & gas exploration & production company Onshore UK focus Existing UK production and cash flow Substantial unused tax shield of 31.2m 36 Licences in the UK and…
Egdon at a Glance Slide 3 November 2014
Operational and Corporate Highlights Year ended 31 July 2014 Attributable production of 86,870 barrels of oil equivalent (2013: 79,947 barrels of oil equivalent) Transformation of the Company into a leading UK shale gas business…
Financial Highlights - Year Ended 31 July 2014 Oil and gas revenues during the period 2.96 million (2013: 3.34 million) Loss for the period of 0.46 million (2013: 0.72 million loss) after impairment charge of 0.54 million (31 July…
Egdons Strategy Egdons Strategy: To create shareholder value by building a material asset base through carried shale gas exploration and significant near term conventional exploration onshore UK Three key near-term strategic…
2014 A Transformational Year- Old and New Egdon Old Post Total Deals/Jan Post Alkane transaction Egdon 3m Raise New Egdon Market…
Impact of 2013/14 Transactions = New Egdon Four significant transactions during the period: PL161/162 Scottish Power Option Agreement Total Farm-in to PEDL139/140 Total Option Agreement for PEDL209 Acquisition of Alkane shale-gas…
Value Drivers - Egdons Shale-gas Strategy Targeting brittle high TOC Carboniferous marine shale plays that have sourced oil and gas in Northern England Egdon is one of a few publicly quoted companies with an exposure to UK…
Egdons Shale-Gas Strategy Deal Value /acre Outside North America / 938/acre Argentina / / Neuquen Example US Deal Deal 2,977/acre High Deal 423/acre Sasol/Talisman 38,000/acre 2013 Acquisition Australia costs Cooper 159…
Value Drivers - UK Conventional Exploration Slide 11 November 2014
UK Conventional Exploration Initial Drilling Programme Wressle Prospect PEDL180 : Egdon 25% operated Well completed September 2014 Petrophysical evaluation indicates the presence of over 30 metres of potential hydrocarbon pay in…
UK Conventional Exploration 2015 Drilling Programme Kiln Lane PEDL181: Egdon 25% (Europa Operated) Egdon Best Estimate Prospective Resources of 0.68 mmbbls Laughton PEDL209 : Egdon 60% operated (100% paying) Egdon Best Estimate…
Value Drivers - UK Conventional - Production Full-year production guidance of c. 195 boepd Additional potential drilling at Keddington, Waddock Cross and Kirkleatham could lead to increased production Keddington Oil Field PEDL005…
Egdon Outlook Timeline/Resources Conventional oil Conventional gas Source: Egdon and external estimates *Post targeted farm down **Subject to planning appeal Bubble size is relative to Gross resources Slide 15 November…
Egdon Outlook Production 2014-15 Full-year production guidance of c. 195 boepd Further potential drilling at Keddington, Waddock Cross and Kirkleatham could increase production UK Shale-Gas UK shale-gas (and shale-oil) expected…
Egdon Summary UK Shale-gas is a key near-term value driver for the business as the UK government embraces the potential for this energy source Egdon is second largest listed entity involved in UK shale and partnered with IGas and…
Appendices Slide 18 November 2014
Egdon Resources plc - Timeline Summary timeline: 1997 : Egdon formed by Andrew Hindle and Mark Abbott 1998 : First licence awarded in Wessex Basin 1999 : First French licence awarded 2000 : Listed on OFEX market and raised first…
Key Shareholdings The issued share capital of Egdon Resources plc consists of 220,799,363 ordinary shares of 1 pence each with voting rights Shareholdings in the Company of 3% as advised at 7th November are : Shareholder %…
Egdon Board 5. 5. Jerry Field 6. 6. Andrew Lodge (Exploration Director) Aged 56 (non-executive Director) Jerry graduated in 1977 and has over 30 years oil industry Andrew is a highly experienced geoscientist and oil industry…
Advisors Nominated Advisor and Broker: Cantor Fitzgerald Europe Limited Joint Broker: VSA Capital Limited Corporate Advisors: Evercore Financial Public Relations: Buchanan Reporting Accountants and Advisors: Nexia Smith &…
UK Shale-Gas Deal Timeline An Active Period Major new entrants pay high premium / / 423/acre 2 deals 2,977/acre 1,707-2,615/acre Aug 2010 PRE May 2013 2013 2014 High premium May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar…
Loading...
