Trap Oil Group plc AGM Presentation 2014 3 of 16 2013 - a year of standing still With hindsight acquisition of Reach in 2012 proved poor value. In 2013 Trapoil lost a number of carries we had paid for, this included 3 wells from…
Trap Oil Group plc AGM Presentation May 2014 4 of 16 Trapoil at end April - results time The company is in good health, with a strong cash balance and low financial commitments The cash combined with management and technical…
Trap Oil Group plc AGM Presentation May 2014 5 of 16 Trapoil at end April - financial highlights The company has 16m cash, recent monetisation of 2.3m of IGas shares. Still hold 2.9m of IGas shares Cashflow from Athena delivers…
Trap Oil Group plc AGM Presentation May 2014 6 of 16 Trapoil - a focus for growth Board Changes New Chairman Slimmed down Board, reflecting shareholder feedback Simon Bragg Kevin Watts Miles Newman Martin David Simon takes…
Trap Oil Group plc AGM Presentation May 2014 7 of 16 Operating Statement - the building of a multi faceted business Trapoil is expanding its UK business and this will help support our cost base whilst increasing the opportunity…
Trap Oil Group plc AGM Presentation May 2014 8 of 16 Operating Statement - the North Sea core portfolio We will continue to manage our North Sea portfolio with the focus on high value drivers in the next three years: The Homer…
Trap Oil Group plc AGM Presentation May 2014 9 of 16 Prostar - M&A Business focused on the North Sea Prostar has engaged Trapoils management to evaluate assets and companies on behalf of their significant private equity fund…
Trap Oil Group plc AGM Presentation May 2014 10 of 16 Indicative Valuation - 30 Month Drilling Programme CoreNav Indicative valuation based on undiscounted P50 NPV (internal management estimates supported by partners/CPR);…
Trap Oil Group plc AGM Presentation May 2014 11 of 16 Trapoil Peer Review - a company operating in a tough market with focused mgmt team Trapoil has continued to underperform both since IPO and also over the last year Charts…
Trap Oil Group plc AGM Presentation May 2014 12 of 16 Trapoil feedback via the website Q: Your costs and salaries are too high A: G&A costs significantly reduced with little room for further savings without damaging the growth…
Trap Oil Group plc AGM Presentation May 2014 13 of 16 Alfa Romeo - Alfa option with TOTAL (10-35%) Trapoil 73% of Romeo Romeo Romeo w well ell Romeo pre and post drill Firm well on Alfa to be drilled Firm well on…
Trap Oil Group plc AGM Presentation May 2014 14 of 16 Our Existing Assets - Niobe Prospect acquired in the 26th Rnd (2011) and a well has to be drilled in 2015 at an…
Trap Oil Group plc AGM Presentation May 2014 15 of 16 Our Existing Assets - Surprise
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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