Egdon Resources plc Preliminary Results for the year ended 31 July 2013 & Business Review Slide 1 Preliminary Results year ended 31 July 2013
Egdon at a Glance AIM Listed (EDR) Formed 1997 Established Oil & Gas Exploration & Production Company Onshore UK & France focus Existing UK production of c. 200 boepd & cash flow Market Cap c. 12 million ( 8.5p per share) 30…
Egdon at a Glance Three Core Areas: Oil and Gas Reserves and Resource Estimates 1 Northern England proven + class of reserve/resource probable Units 2 Southern England 3 France Net Oil Reserves 0.33 MMstb Best Estim ate Net…
Strategy Egdon Resources plc is an onshore focussed oil and gas exploration and production business : An established oil and gas exploration and production company active onshore UK and France A growth-focused business with 30…
Operational Highlights Attributable production of 79,947 barrels of oil equivalent (2012: 45,656 barrels of oil equivalent) Drilled and completed wells at Huiron-1 and Nooks Farm Award of offshore licence P.1929 (blocks 41/18 and…
Financial Highlights Oil and gas revenues during the period up 27.8% to 3.34 million (2012: 2.61 million) Loss for the period of 0.72 million (2012: 2.89 million loss) Impairment charge recognised of 0.56 million (31 July 2012:…
Corporate/Transaction Highlights Farm-out and royalty reorganisation concluded for the Mairy Permit, France Farm-out arrangements concluded with Union Jack Oil plc for interests in Licences PEDL201 (5%), PEDL180 (8.33%), PEDL253…
UK Northern England The UK is Egdons primary business segment with 27 licences, 24 of which are onshore, with 15 operated by Egdon Two broadly defined focus areas : Northern England Southern England PEDL209 Southern…
Production - Northern England Keddington Oil Field PEDL005 (remainder) : Egdon 75% operated Look to maximise value of greater Keddington area (including Louth Prospect) Target production in short term of 40 bopd wells on natural…
Production - Southern England Avington PEDL070 : Egdon 26.67% non-operated Produces from 2 wells in the Middle Jurassic Great Oolite reservoir Gross production at 70 bopd = 19 bopd net to Egdon Additional development drilling…
Exploration - Northern England Initial drilling programme: Wressle Prospect PEDL180 : Egdon 25% operated Undrilled Prospect defined on 2012 proprietary 3D seismic data Multiple reservoir targets in area with proven hydrocarbon…
Exploration - Northern England Second exploration drilling programme 2014 to include: North Kelsey Prospect PEDL241 : Egdon 40% operated Conventional prospect defined on 3D seismic data with multiple reservoir targets Farmed-out…
Exploration - Northern England Laughton Prospect PEDL209 : Egdon 60% operated Laughton Prospect on trend with nearby existing production at Corringham (5 km) Multiple conventional reservoir targets primary target Silkstone Rock…
Appraisal - Northern England A Prospect 41/18 & 41/19 : Egdon 100% operated 26th UK Seaward Licensing Round award in April 2013 One of the earliest North Sea discoveries, well 41/18-1 (A-339/1-2) drilled by Total in 1966 Tested…
UK Shale Gas Egdon is one of very few publicly quoted companies with an exposure to UK shale gas Focus on exploration phase of UK shale gas plays and plan to monetise prior to development Egdon has an existing acreage position which…
BGS Shale Gas Assessment and Egdon Licences Source: Slide 16 Preliminary Results year ended 31 July 2013
Exploration - Southern England Sherwood Sandstone Oil Play PEDL237/PL090 : Egdon 48.75% operated Triassic reservoir sands, analogous to the Wytch Farm oil field, c. 15km to east Prospects with combined potential of 27 mmbo Net Egdon…
France Egdon holds interests in three French licences, is awaiting the award of a fourth (Donzacq), and has back-in options on two further permits plus a pending application (Gex Sud) During the period we relinquished the Nimes…
Exploration - France Audignon Prospect St Laurent : Egdon 33.334% operated A significant un-tested play with successful analogues (e.g. Wessex Basin Wytch Farm oil field) Audignon Prospect = sub-salt Triassic Bunter Sandstone gas…
Egdon Work Programme & Outlook Production Full-year production guidance of c. 200 boepd from Keddington, Avington, Dukes Wood/Kirklington, Waddock Cross and Ceres Additional potential drilling at Keddington, Waddock Cross and…
Egdon Work Programme & Outlook Active Farm-out and Divestment Process A number of farm-outs and deals concluded during 2013 Continued marketing and discussions on-going for additional deals Divestment of non-core assets continues…
Summary Production guidance for coming financial year of c. 200 boepd (70% from Ceres) Additional development activity at Keddington, Kirkleatham, Waddock Cross, etc. could lead to further production increase Active marketing…
Appendices Slide 23 Preliminary Results year ended 31 July 2013
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…
Egdon Board 5. Jerry Field 6.Andrew Lodge 5. 6. (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…
Shareholders Slide 26 Preliminary Results year ended 31 July 2013
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