Sunda Energy Plc · LSE:SNDA
Sunda Energy — Baron Oil — Shareholder Meeting (June 2019)
9 slides from Sunda Energy's shareholder meeting presentation, Jun 26, 2019
Slide 1: Annual General Meeting June 26, 2019
ANNUAL GENERAL MEETING JUNE 26, 2019
Slide 2: Important Notice
IMPORTANT NOTICE The information contained in these slides and this presentation is being supplied to you by Baron Oil Plc (the "Company”) solely for your information and may not be reproduced or redistributed in whole or in part to any other person. This document has not been approved by a person a
Slide 3: Colter well results and use of new funds
The Colter well (98/11a-06) and its sidetrack (98/11a-06z) provided encouragement that there is a commercial oil accumulation in Licence P1918 as well as upgrading the adjacent onshore licenses (which include the Purbeck Prospect) Baron recently raised additional funds to: • Evaluate the size and pa
Slide 4: UK Offshore - P1918 (98/11a) Colter Area Prospects – 8% Interest
UK OFFSHORE - P1918 (98/11a) COLTER AREA PROSPECTS – 8% Interest Well 98/11a-06 was drilled in early 2019 to prove the extension of the 98/11-03 1986 discovery to the SW. Instead, the well proved an extension of the Colter South Prospect, initially identified from the apparent discovery made by Well
Slide 5: UK Onshore PEDL330 & PEDL345 – 8% Interest
UK ONSHORE PEDL330 & PEDL345 – 8% Interest Onshore blocks PEDL330 and PEDL345 include extensions of the fault blocks of the Colter trend and also the trend of the Ballard Point Sherwood Sandstone gas discoveries (Wells 98/11-02, -04 & -04z) WYTCH FARM OILFIELD 98/07-2 BEACON FIELD PEDL345 includes t
Slide 6: UK Offshore – 31st Round Offer: Colter and Purbeck Area – 8% Interest
UK OFFSHORE – 31ST ROUND OFFER: COLTER AND PURBECK AREA – 8% Interest The Corallian-operated group has been offered Blocks WYTCH FARM OILFIELD 98/07-2 98/11b and 98/12 under the 31st Offshore Licensing BEACON FIELD (UNDEVELOPED) Round. Baron is entitled to an 8% working interest in the 98/11- 03 awa
Slide 7: UK Offshore – 31st Round Offer: Inner Moray Firth Area – 15% Interest
UK OFFSHORE – 31ST ROUND OFFER: INNER MORAY FIRTH AREA – 15% Interest Baron offered 15% interest in 2 areas of the Inner Moray Firth, off NE Scotland • Low work commitments - to enhance prospect definition on existing seismic data • Funded out of existing resources • “Drill or drop” decision before
Slide 8: Peru – Block XXI
PERU – BLOCK XXI PERU – 100% Interest • Block XXI is a large (2,425 Sq km), relatively unexplored onshore block on trend with producing oil & gas fields (eg San Pedro OOIP 250m barrels) Drilling campaign requires: • Modern 2D Seismic Data acquired by Baron in 2015 over SW corner 1. New Period of For
Slide 9: Current Position
CURRENT POSITION • Directors and Management • Malcolm Butler: Executive Chairman • Andrew Yeo: Managing Director • Jon Ford: Independent non-executive Director • Guillermo Nieto: Consultant Manager in Peru • Portfolio Activities • P1918 Licence: Colter and surrounding area • PEDL330/345: Purbeck Pro