12 Nov AGM Presentation Nov 2014 AGM Presentation 2014 multi-stage asset revenue funded exploration portfolio backed generative programme Europa Europa Oil & Gas Oilplc& www.europaoil.com (Holdings) Gas (Holdings) Plc: EOG…
AGM Presentation Nov 2014 OVERVIEW AIM-quoted oil and gas explorer and producer with UK onshore producing fields and highly prospective blocks PROFILE in France, the Irish Atlantic Margin and UK onshore Profitable & cash…
AGM Presentation Nov 2014 STRATEGY AND FOCUS Objective is to become a top quartile AIM company by December 2017 The Irish Atlantic Margin 100m + East Midlands market cap Oilfields and Exploration Weald Basin New ventures via…
AGM Presentation Nov 2014 PORTFOLIO PERSPECTIVE Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 5
AGM Presentation Nov 2014 PORTFOLIO Risked NAV Mean risked Portfolio NAV 273M Median (P50) Portfolio NAV 75M Based on CPR risked and diluted volumes Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 6
AGM Presentation Nov 2014 IRISH ATLANTIC MARGIN EXPLORATION o FEL 2/13 and FEL 3/13 o Combined 1550 km2 in the underexplored South 200km Porcupine Basin, offshore Ireland o Large Lower Cretaceous clastic prospects in stratigraphic…
AGM Presentation Nov 2014 PORCUPINE BASIN: EXPLORATION HOTSPOT Connemara and Spanish Pt FEL 2/04, FEL 4/08, FEL 1/14 Jurassic oil discoveries Cairn Energy farm-in to Chrysaor and Sosina Burren Drill Spanish Point 2015, Lower…
AGM Presentation Nov 2014 LATE JURASSIC SOURCE ROCK SUPER HIGHWAY Dooish Burren, Connemara, Spanish Point Mizzen, Bay du Nord, Hibernia, White Rose, Harpoon. 1 billion bo Terra Nova . 2 billion bo Europa Oil & Gas…
AGM Presentation Nov 2014 GEOSEISMIC SECTION & INSPIRATION MULLEN PROSPECT Mid Aptian Unconformity and Cretaceous turbidite sandstones in correlative conformity stratigraphic traps 43/13-1 The Inspiration: West…
AGM Presentation Nov 2014 FAST TRACK EXPLORATION o Early conversion to 15 year Frontier Exploration Licences (FEL) on 5 July 2013 o Phase 1, July 2013 July 2016: 740 km2 seismic obligation o Phase 2, July 2016 July 2020:…
AGM Presentation Nov 2014 3-D IMPACT: DE-RISK PROSPECTS Europa considers risks to be c. 1 in 10 3-D seismic has the potential to reduce to 1 in 5 Reduction if flat events, conformance & AVO anomalies identified NPV10 US18 bbl…
AGM Presentation Nov 2014 ONSHORE FRANCE: GAS EXPLORATION AND APPRAISAL o Located in very close proximity to giant gas fields and gas infrastructure o Fractured carbonate reservoir, hot and sour, similar to nearby Lacq (9tcf) and…
AGM Presentation Nov 2014 BEARN DES GAVES: THE PRIZE Shallow US1 billion of drillable potential gas resource identified S N Salt Berenx 1 20% gas shows in Neocomian Aptian Unc. GWC Top Neocomian Top Kimmeridgian.…
AGM Presentation Nov 2014 FRANCE: TARGETING A WELL WITHIN 18 MONTHS o Barn des Gaves Permit renewed until March 2017 with an expenditure commitment of approximately 2.5million o Strategy to drill a well on the shallow gas play first…
AGM Presentation Nov 2014 ONSHORE UK PRODUCTION: EAST MIDLANDS o Three producing fields: Crosby West Whisby Warren Firsby o Mean net risked reserves 0.44 million barrels o FY14 target production of 165 boepd hit o Initiatives…
AGM Presentation Nov 2014 ONSHORE UK EXPLORATION: EAST MIDLANDS PETROLEUM PROVINCE Broughton EOG has 33% interest with estimated mean gross un-risked resources of 1.85mmbo. Flowed oil when drilled by BP in 1984. Kiln…
AGM Presentation Nov 2014 WRESSLE-1 o Spudded 19 July 2014 and drilled to a total depth of 2,240 metres (1,814m TVDSS) on 23 August 2014 o Well suspended and awaiting start-up of production testing operations in Q4 2014 o…
AGM Presentation Nov 2014 KILN LANE / PEDL-181: PROSPECT SUMMARY Kiln Lane Top Westphalian A Time High Area 5.179 km2 Yellow Kiln Lane Reservoir P90 P50 P10 Structure Map 2) 0.798 1.784 5.179 Area (km Net Thickness (m) 4 12…
AGM Presentation Nov 2014 ONSHORE UK EXPLORATION: THE HOLMWOOD PROSPECT, THE WEALD BASIN o Jurassic sandstone reservoirs in the Weald Basin, Surrey PEDL 143 WEALD BASIN o Europa 40% working interest (Egdon Resources 38.4%, Altwood…
AGM Presentation Nov 2014 2014 2015: HIGHLY ACTIVE Q4 2014 production testing at Wressle PEDL 180 to determine commerciality UK Q4 2014 commence operations for exploration well at Kiln Lane PEDL 181 UK France Complete…
AGM Presentation Nov 2014 WORK PROGRAMME 2013 2014 2015 2016 Licence Prospect Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 PEDL 180 Wressle PEDL 182 Broughton PEDL 143 Holmwood PEDL 181 Kiln Lane PEDL 181 Well 2 Bearn des Gaves…
AGM Presentation Nov 2014 CONTACT Europa Oil & Gas (Holdings) Plc Porter Street, London, W1U 6DD UK Telephone +44 20 7224 3770 maileuropaoil.com www.europaoil.com Frank Buhagiar/Lottie Brocklehurst St Brides Media &…
AGM Presentation Nov 2014 APPENDICES Europa Oil & Gas (Holdings) plc www.europaoil.com AIM : EOG 24
AGM Presentation Nov 2014 5 YEAR HISTORY ,000 Year to 31 July Year to 31 July Year to 31 July Year to 31 July Year to 31 July 14 13 12 11 10 Production, boepd 165 182 200 169 180 Revenue 3,878 4,503 5,080 3,766 3,091 Cost of…
AGM Presentation Nov 2014 EUROPA PORTFOLIO: VOLUMES & RISK Risk (Chance Net Risked Resource Gross Unrisked Resources Net Unrisked Resources ASSET Fluid Equity of Discovery / Resources Category mmbbl/Bcf mmbbl/Bcf Commerciality)…
AGM Presentation Nov 2014 EUROPA PORTFOLIO: RISKED VALUE Net Risked Mean Mean EMV EMV Resource Europa Risked ASSET Fluid Resources unrisked risked Capex net (risked (risked Category /boe NAV mmbbl/Bcf value value NAV) NAV) Mean…
AGM Presentation Nov 2014 MULTI-STAGE PORTFOLIO OF ASSETS Working Europa Assets Oct 2014 Country Stage 2P/2C 3P/3C * Interest 1P/1C West Firsby UK 100% Production Crosby Warren UK 100% Production UK Production Whisby UK 65%…
AGM Presentation Nov 2014 OIL & GAS FISCAL REGIMES UK France Ireland Effective rate 62% Effective rate 34.4% Effective rate 25% Exploration & capex Royalty 5% (for 10.6 Up to 15% PRRT if 100% deductible in first bcf/year)…
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