Union Jack Oil Plc · LSE:UJO
Union Jack Oil — Investor Presentation (October 2018)
16 slides from Union Jack Oil's investor presentation, October 2018
Slide 1: The Rathlin Opportunity
UNION JACK OIL plc AIM: UJO The Rathlin Opportunity October 2018 Acquiring a 16.67% interest in a major onshore gas discovery Appraisal well in Q1 2019 to confirm Best Estimate 189 Bcfe contingent gas resource Drill ready - onshore UK Proximity to gas markets and infrastructure Material value: NPV10
Slide 2: Disclaimer
Disclaimer Information contained in these slides and this presentation is confidential and is being supplied to you by Union Jack Oil plc (the “Company”) solely for your information in connection with the Placing (as such terms are depicted below) and may not be reproduced or redistributed in whole
Slide 3: PEDL183 – Rathlin Investment Summary
PEDL183 – Rathlin Investment Summary • West Newton appraisal well is permitted to be drilled to evaluate the West Newton A-1 gas discovery – Planned to be drilled Q1 2019 – The same well will also test the deeper Cadeby Reef oil prospect • West Newton A-1 onshore gas discovery by Rathlin Energy UK (
Slide 4: PEDL183 – The Rathlin Opportunity
PEDL183 – The Rathlin Opportunity PEDL183 The Rathlin Opportunity 10km Discovery Oil Field/Discovery Prospect 4
Slide 5: Proximity to Markets and Infrastructure
Proximity to Markets and Infrastructure 5
Slide 6: Onshore Gas Discovery – Offers Proximity to Markets, Existing Pipelines and Infrastructure
Onshore Gas Discovery – Offers Proximity to Markets, Existing Pipelines and Infrastructure Natural Gas Power Stations • Two major UK gas terminals located on licence • PEDL183 is in close proximity to gas-fired electric – Dimlington (Perenco operated) generation facilities with a combined generation
Slide 7: UK has Attractive Gas Pricing ($US/mmbtu)
UK has Attractive Gas Pricing ($US/mmbtu) 12.00 September 2018 10.00 9.53 8.00 $US/mmbtu 6.00 4.00 2.92 2.00 0.90 0.00 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 UK Natural Gas Price NBP AECO Spot NYMEX Henry Hub 7
Slide 8: Permian Petroleum Fairway Model
Permian Petroleum Fairway Model Southern Permian Basin Reserves of 24 Tcf (gas) and 250 MMbbls (oil) NW German Basin reserves > 16.5 Tcf (KA equivalent), NE Netherlands > 3.5Tcf (KA equivalent), Polish Analogues with > 3.5 Tcf & 220 MMbbls of Reserves, Hewett Field 420 Bcf in place shelf carbonate (
Slide 9: Detailed Geological Model and Density Section
Detailed Geological Model and Density Section Kirkham Abbey (KA) Hayton Anhydrite Stage 2 Cadeby KA Slope Deposit Stage 1 Cadeby Cadeby Slope Deposit 9
Slide 10: West Newton – Kirkham Abbey Shoal Gas
West Newton – Kirkham Abbey Shoal Gas Discovery Assigned Contingent Resources Low Best* High Mean Total Contingent Resource 15.9 31.5 62.6 36.4 (MMboe) * The Kirkham Abbey Shoal has a combined geological and commercial Probability of Success of 60%. * The Kirkham Abbey “Slope Deposit” represents an
Slide 11: West Newton – The Cadeby Reef Oil Prospect is a Material Oil Target
West Newton – The Cadeby Reef Oil Prospect is a Material Oil Target Low Best* High Mean Total Prospective Resource 42.8 79.1 146.0 88.6 (MMboe) * The Cadeby Reef and the Slope Deposit both have a geological Chance of Success of 26% * The Cadeby “Slope Deposit” represents an additional Best Estimate
Slide 12: West Newton – Technically Compelling
West Newton – Technically Compelling • West Newton commitment well will appraise the gas discovery made by West Newton A-1 • Two stacked Permian aged conventional reservoirs being targeted (2000 metre well) Kirkham Abbey Shoal Gas Discovery appraisal well • Appraisal of West Newton A-1 natural gas d
Slide 13: West Newton – Financially Attractive Project
West Newton – Financially Attractive Project • A large onshore gas discovery with proximity to existing gas pipelines and infrastructure • Compelling economic value from the gas discovery’s contingent resources alone – Operator’s evaluation of Kirkham Abbey gas only: 52.5% ROR and NPV10% US$247MM •
Slide 14: Union Jack’s Conventional Onshore Focus
Union Jack’s Conventional Onshore Focus – Production, Development and Exploration • Assembled a balanced portfolio of 12 production, development and exploration interests – Located in two established onshore basins: the East Midlands Province and the Weald Basin • 27.5% Wressle-1 oil discovery (PEDL
Slide 15: Near-term News Flow and Value Drivers
Near-term News Flow and Value Drivers – Active in a Number of Attractive Projects Wressle discovery (27.5%): PEDL180/182 – oil development project • 2.51 MMboe reserves and resources (2P+2C) • Attractive development project with initial oil production of 500 bbls/d (gross) • New development applicat
Slide 16: Union Jack Oil Investment Summary
Union Jack Oil Investment Summary • Low-risk onshore strategy focused on drill-ready projects and value creation • Balanced portfolio: production, development, appraisal and exploration • Portfolio activity generates near-term news flow and value drivers • Positioned to deliver growth: in reserves,
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