Independent Oil & Gas plc A development and production led UK North Sea Company February 2015
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Overview A development and production led UK North IOG Developments Sea Company IOG 27th Round Award IOG Acquisition (terms agreed) Highly experienced management team and Skipper 9/21a (50%) IOG 28th Round Award Board Balanced…
CH4 Energy Ltd - Proven Track Record of Hub Strategy Execution Mark Routh was the Founder & CEO of CH4 Energy CH4 Energy: Investment vs. Sale Value Equity Debt Founded in 2002 with 750k from 3i and 250k from Invested Realised 180…
IOG Board & Operational Team An experienced management team with a strong and knowledgeable board CEO & Interim CFO Executive Chairman Mark Routh Peter Young Former founder and MD of Former oil & gas banker at CH4 Energy Ltd…
Strategy Focused on developing production hubs tying in Ten Year Production Target existing discoveries close to infrastructure 35,000 Hubs allow multiple fields to use shared Acquisition Targets (21.5 MMBoe) IOG Prospects (13.8…
NNS Hub Skipper IOGs second hub opportunity: Skipper Block 9/21a (P1609) 50% 2C: 13.1MMBbls (net) [1] Skipper Maureen & Dornoch Block 9/21a (P1609) 50% ML: 5.8 MMBbls (net) [2] Total prospects IOG net Most Likely 5.8 MMBbls…
Skipper (IOG: 50%*) Summary: Skipper Expected Production (26.2 MMBbls)[1] Operator: Alpha Petroleum Resources (50%) 20,000 Alpha Net (50%) 13.1 MMBbls Licence extended to 30 September 2015 18,000 16,000 IOG Net (50%) 13.1 MMBbls…
Appendix - Key Events since September 2013 AIM Admission December 2013 Announcement of Blythe East Area licence award including the Harvey discovery and Truman prospect February 2014 Sale and refinancing of Blythe & Skipper operator…
Appendix - Comparison of North Sea Heavy Oil Fields 10km Reservoir Properties Average Reserves Depth Height Porosity Temp. API kh/ Field Date Operator Age Permeability Viscosity (MMBbls) (ft) (ft) (%) (F) () (mD.ft/cP) (mD)…