Slide 1: Corporate Presentation Q3 2020
CORPORATE PRESENTATION Q3 2020
Slide 2: Important Notice
Important Notice By accepting this document, and in consideration for it being made available to such recipient, each recipient agrees to keep strictly confidential the information contained in it and any information otherwise made available by Deltic Energy Plc (the "Company"), whether orally or in
Slide 3: Our DNA
Our DNA St Fergus Manhattan Dewar SMALL TEAM We are a small group of driven and respected industry professionals with over 100 years of experience within the E&P industry. The team is focussed on producing high quality technical work which advances the exploration portfolio at low cost. HIGH-IMPACT
Slide 4: Board & Management
Board & Management Driven and highly competent board and management team with over 100 years of UKCS experience Graham Swindells Mark Lappin Non-Executive Chairman Chief Executive Officer Mark has over 35 years of experience in the oil and Graham joined Deltic as Chief Financial Officer in May 2013.
Slide 5: Strategy
Strategy ▪ Gas dominated portfolio Increasingly important transition fuel Identify. Explore & Appraise. Monetise. Repeat. ▪ High petrochemical / hydrogen demand ▪ UK increasingly reliant on foreign gas imports ▪ Positive medium to long term pricing trends > ORGANIC PORTFOLIO BUILD Exploration and ap
Slide 6: Fuel for the future
Fuel for the future Gas focussed portfolio – well positioned for the energy transition The Climate Change Committee – Net Zero 2050 Model ▪ UK Gas demand to reduce by only 32% between 2017 and 2050 – due to need for hydrogen production from natural gas ▪ UK Gas production predicted to decline by 80%
Slide 7: Portfolio
Portfolio Targeting multiple play types in world class hydrocarbon basins Southern North Sea Assets Central North Sea Assets P2252 – Pensacola Prospect (30% DELT, 70% Shell) ▪ Zechstein Carbonate Reef ▪ Gross P50 Prospective Resources of 309 BCF ▪ Farmed out to Shell in 2019 ▪ 420km2 of new 3D shot
Slide 8: Near term activity
Near term activity Three high impact drill ready prospects Pensacola – P2252 Selene – P2437 Dewar – P2352 309 BCF 470km2 Exploration well 587km2 Exploration well 39.5 mmbbls Farm out process 629 BCF Prospect is P50 Prospective 3D seismic anticipated in 3D seismic anticipated in P50 Prospective ongoi
Slide 9: P50 Prospective Resources
P50 Prospective Resources Diverse portfolio containing multiple high impact drilling opportunities Gross P50 recoverable Cumulative resources (mmboe) resources (mmboe) 120 400 350 100 300 80 DRILL READY PROSPECTS ASSETS BEING MATURED FOLLOW ON OPPORTUNITIES LEGACY DISCOVERIES 250 FOR FARMOUT 60 200
Slide 10: 32nd Round Awards
32nd Licencing Round 32nd Round Awards ▪ Provisional awards made 3 September 2020 ▪ Awarded 6 licences (1 in CNS), 12 full and part blocks, 2155.5km2 Strengthening our strategic position in the SNS ▪ Extended partnership with Shell around Pensacola ▪ Initial phase work programs based on legacy data
Slide 11: Indicative Operational Timeline
Indicative Operational Timeline Active schedule with clear pathway to drilling activity Q2 Q3 Q4 Q1 Q2 Q3 Q4 1H 2H 2020 2020 2020 2021 2021 2021 2021 2022 2022 *1 P2252 Pensacola 3D Processing & Interp Well Planning *1 P2437 Selene Well Planning *2 P2352 Dewar Farm-out process P2428 Cupertino 2D Int
Slide 12: Key investment highlights
Key investment highlights Significantly undervalued versus risked NAV Small team High Impact Portfolio ▪ Extensive UKCS exploration experience ▪ Existing portfolio of operated and non-operated ▪ Strong track record of acquiring assets in assets in SNS & CNS competitive licence rounds ▪ Multiple oppo