A Mid Cap European Oil & Gas Exploration / Development Company in the Making... Active drill programme Second appraisal well on Nervesa discovery approaching Balanced Portfolio Badile exploration well H1 2015 High Upside Wells…
The Team London: Growth, funding, investor relations and compliance 5 people: 1 exec / 4 staff James Parsons, Chief Executive Officer 23 years in Oil/Gas across Europe, South America and Central America 12 years with Royal Dutch Shell…
Attractive Italian Fundamentals Good scale: 3rd/5th largest producer of oil /gas in Western Europe Attractive gas market: High (US10/Mscf+) prices Extensive gas pipeline network Competitive fiscal terms Multiple hydrocarbon…
Strategy and Funding Cumulative NPV m S.Maria Goretti 43.5m Nervesa 47.5m Drilling five core wells Nervesa / Badile / Laura / S.Maria Goretti / Zibido Zibido Total NPV Badile 225m 486m 868m 12.4m cash balance which, combined…
Development Assets: building material cash flows Nervesa Gas Discovery (100%) Rapagnano Gas Discovery (100%) Status: Drill approaching; First gas 2015 Status: Producing NPV: 47.5M NPV: 3M Cash Flow: 14M pa (3 wells) Cash Flow: 900K pa…
Drilling Existing Discoveries Laura Discovery 100% - 2015 S.Maria Goretti 100% - 2015 0 Km 1 D150-DR-CS Age Lith. Obj Pleistocene TD 1300 m T.L. PLEISTOCENE GAS SAND TWT Location: Gulf of Taranto (4km offshore)…
Significant Exploration Potential Badile Prospect (100%) - 2015 Zibido Prospect (100%) - 2016 Age Lith. Obj Age Lith. Obj Plio-Pleistocene Plio-Pleistocene Mio . Mio . Eo Eo Mesozoic Mesozoic TD 4200 m TOP…
Italian 2016+ Programme In 2016 and beyond Non Core assets Sound Oil will focus on will be packaged 9 other core licenses, and sold: including some hidden gems: Dora (D503) (A) Villa Gigli (A) Costa Del Sole (A,E) Montemarciano…
Summary and Outlook Assets End game Short term news flow Producing portfolio covering European / Mediterranean Second Nervesa well Italian cost base focused oil and gas company of Laura financing or farm in some scale Badile…
Italy: Infrastructure and Production High pressure gas pipeline Network: Slide 11
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