Sunda Energy Plc · LSE:SNDA

Sunda Energy — Baron Oil — Shareholder Meeting (2016)

8 slides from Sunda Energy's shareholder meeting presentation, 2016

  1. Slide 1: Annual General Meeting 2016

    Baron Oil Pie SEE ee ANNUAL GENERAL MEETING 2016

  2. Slide 2: Current Financial Position

    CURRENT FINANCIAL POSITION  Current cash position  Bank balances: £1.1M  Held on escrow and available: £1.4M  Held on escrow, not available (Z-34 guarantee): £2.6M  Due to be received: £1.7M  UOGG re Z-34: £1.45M  InfraStrata: £0.15M  Other: £0.1M  Total expected free cash resources: £4.2M

  3. Slide 3: Peru Exploration Blocks – Baron Operated

    PERU EXPLORATION BLOCKS – BARON OPERATED DEEP WATER BLOCK Z-34 BARON OIL 20% (following UOGG farmou) SECHURA DESERT BLOCK XXI BARON OIL 100%

  4. Slide 4: Peru Onshore – Block XXI Baron 100%

    PERU ONSHORE – BLOCK XXI BARON 100% AREA OF SUBSEA DEPTH TO TOP PRE-TERTIARY TOP MANCORA BRIGHT SPOT LINE 16 CDP 680 565556 9347639 COMPLETED MINCHALES 2D PROPOSED LOCATION – LINE 16 CDP 680 SEISMIC 172 kms POSSIBLE DRILLING MID-2017 LOOKING FOR FARMIN PARTNER SSE NNW TOP MINCHALES SAND -775 METRES

  5. Slide 5: Peru Deep Water – Block Z-34 Baron 20%

    PERU DEEP WATER – BLOCK Z-34 BARON 20% PROPOSED LOCATION CUY-1 INLINE 1616 Earliest possible drilling late-2017 Progress held back by Peruvian bureaucracy (Farmout to UOGG still not official) Water Depth = 2.35 secs (approx.1,800m) Proposed TD = 4.05 secs (approx. 4,200m) Top reservoir section (Eoce

  6. Slide 6: Northern Ireland PL1/10 & P2123 Baron Oil 10%

    NORTHERN IRELAND PL1/10 & P2123 BARON OIL 10% ISLANDMAGEE GAS STORAGE BARON OIL 15% OPTION NEED FOR GAS STORAGE IN IRELAND (EU PRIORITY PROJECT…) ISLANDMAGEE IS EXCELLENT LOCATION SALT CAVITY POTENTIAL NEXT TO INTERCONNECTOR FOR GAS AND ELECTRICITY EXPLORATION FOR OIL & GAS IN ADJACENT ACREAGE WF-1

  7. Slide 7: Current Plans

    CURRENT PLANS  Management re-structuring to be implemented immediately: o Bill Colvin – Non-executive Chairman o Malcolm Butler – CEO o Geoff Barnes – Financial Director o Peru office closure – local support contracted out to experienced company  Significant reduction in South American overheads 

  8. Slide 8: Current Plans

    CURRENT PLANS  Colombia o Finalising NBM exit o Transfer of Colombia branch to P&IG  Northern Ireland – PL1/10 & P2123 o Woodburn Forest-1 plugged and abandoned as dry hole o Will now evaluate structures in offshore and coastal areas  Northern Ireland – Islandmagee gas storage o Investment funds

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