Slide 1 Gas Storage Wellsite - Islandmagee AGM Presentation 21 January 2015
Slide 3 Overview UK-focused conventional petroleum exploration and gas storage company Majority interest (65%) in Islandmagee gas storage project in Northern Ireland: European Commission grant funding secured for 50% of the…
Slide 4 Executive Directors & new NED appointment Andrew Hindle, Chief Executive Officer Stewart McGarrity, Finance Director Experienced geologist with 30 years worldwide oil and Chartered Accountant with 28 years of UK and gas…
Slide 5 InfraStrata Assets & 2015 Drilling Programme Islandmagee Woodburn Forest Purbeck (California Quarry) or Colter 21 January 2015
Slide 6 Need for more gas storage widely recognised Is the UKs limited gas storage capacity a problem MP Charles Hendry: UK urgently needs more gas storage facilities 25 Mar 2013 The former energy minister says the UK's gas supplies…
Slide 7 Northern Ireland - Islandmagee Gas Storage Project Overview Majority (65%) interest in 500 million cubic metres (MCM) fast acting salt cavern gas storage project Key infrastructure project strategically located with…
Slide 8 Northern Ireland - Islandmagee Competitive Advantages Gas storage is required in Ireland to counter the intermittent nature of renewable generation (40% electricity generation from renewable sources by 2020) Only gas…
Slide 10 Northern Ireland - Exploration licences 1,300 km2 in central Larne-Lough Neagh Basin Limited exploration Basalt at surface historically affected imaging of the deep Newmill -1, only geology exploration well drilled in…
Slide 11 Northern Ireland - PL1/10 Licence - Woodburn Forest-1 well Successful seismic imaging below basalt (400 kms of new seismic acquired in 2011 and 2012) Led to the identification of numerous previously unidentified prospects…
Slide 12 Dorset - New seismic in 2015; drilling by February 2016 900 km2 - undeveloped discoveries being evaluated Very good acreage position adjacent to producing oilfields 2015 programme to focus on new seismic acquisition & 3D…
Slide 13 North Sea - New 28th Round exploration licences P2222 (InfraStrata 50% interest) Undeveloped Oulton oil accumulation estimated to contain 16 MMBO1 (8 MMBO net InfraStrata) Womack area could add an additional 14 MMBO1 (7…
Slide 14 Summary Drilling of gas storage well scheduled for May 2015 to realise inherent value of Islandmagee gas storage project Established and highly experienced Board and Management Team UK-focused conventional explorer -…
Slide 15 Appendix 21 January 2015
Slide 16 Pilot exploration task force - DECC & Oil & Gas UK Identified new and underexplored plays in UKCS to add significant resources PL1/10 PL1/10 & P2123 P1918 21 January 2015
Slide 17 Net Resources Potential Summary Basin Licences Operator Working First well Total prospective & unclarified Interest (%)4 in licences contingent resources in licences (net InfraStrata) - MMBO Larne-Lough Neagh PL1/10 &…
Slide 18 Major shareholders (3%) Ticker: INFA (AIM) Ordinary Shares in issue: 99,491,599 %* JP Morgan Asset Management Holdings Inc. 18.26 Mr Andrew Hindle 7.46 Mr Mark Abbott 6.92 Maven Income and Growth VCT 5 PLC 3.80…
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