Genel Energy Plc · LSE:GENL
Genel Energy — Shareholder Meeting (May 2019)
8 slides from Genel Energy's shareholder meeting presentation, May 2019
Slide 1: Genel Energy AGM - May 2019
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Slide 2: Overview of Genel Energy
me OVERVIEW OF GENEL ENERGY * Highly cash generative producing assets delivering year-on-year KEY FIGURES production growth 2018 - 33,700 bopd of net production in 2018 - ¢.37,000 bopd forecast in 2019, an increase of 10% 33,700 bopd net production * Portfolio additions complementing existing asset
Slide 3: Leading position in the Kurdistan Region of Iraq
wae | FADING POSITION IN THE KURDISTAN REGION OF IRAQ * c.20 wells to be drilled in 2019, the most of any IOC in the KRI ¢ Balanced portfolio with positions throughout heartland hydrocarbon areas of the KRI * Highly cash generative production - Taq Taq production currently c.13,300 bopd, an increase
Slide 4: Positive operating environment in the KRI
me POSITIVE OPERATING ENVIRONMENT IN THE KRI * Monthly payments since September 2015 * Low-cost operations with financial breakeven at $20/bbi * Positive political backdrop, with Baghdad having made budget payments to the KRG for 12 months * Continuing to explore opportunities in the KRI and elsewhe
Slide 5: Sarta
SARTA ¢ Production expected in middle of 2020 ¢ Field to be developed akin to successful Peshkabir strategy Hydrocarbons throughout the structure
Slide 6: Optimal location
~ optimal location
Slide 7: Clear and compelling investment case
wa CLEAR AND COMPELLING INVESTMENT CASE * Material cash generation NET PRODUCTION - BASE CASE TO UPSIDE (KBOPD) - Well over $100 million expected to be 90 generated in 2018, pre dividend 80 * ,..more than funding growth opportunities 2 50 — Potential for significant volumetric growth 40 on a conserv
Slide 8: For further information please contact investor relations
Forfurther information please contact investor relations ~ Andrew Benbow, Head of Communications andrew.benbow@genelenergy.com