Deltic Energy PLC · LSE:DELT
Deltic Energy — Investor Presentation (December 2020)
15 slides from Deltic Energy's investor presentation, Dec 1, 2020
Slide 1: Corporate Presentation Q4 2020
CORPORATE PRESENTATION Q4 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 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 PORTFOLIO
Slide 4: Board & Management
Board & Management Driven and highly competent management team with >100 years of UKCS Experience Graham Swindells Mark Lappin Chief Executive Officer Non-Executive Chairman Graham joined Deltic as Chief Financial Officer in May 2013. He previously worked in Mark has over 35 years of experience in t
Slide 5: Strategy: Deltic's Model
Strategy Gas dominated portfolio Identify. Explore & Appraise. Monetise. Repeat. ▪ Increasingly important transition fuel ▪ 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: Focussed on Natural Gas
Focussed on Natural Gas Well positioned for the energy transition and a Net Zero future The Climate Change Committee – Net Zero 2050 Model ▪ UK Gas demand to reduce by only 32% between 2017 & 2050 – due to need for hydrogen production from natural gas ▪ UK Gas production predicted to decline by 80%
Slide 7: Southern North Sea
Southern North Sea Strategic acreage position in an underexplored area of a world class gas basin P2252/8 – Pensacola (30% DELT, 70% Shell) P2428 – Cupertino (100% DELT) ▪ Zechstein Carbonate Reef ▪ Prospects in Carboniferous, Zechstein and Leman ▪ Gross P50 Prospective Resources of 309 BCF ▪ Reproc
Slide 8: P2252 – Pensacola (30% WI)
P2252 – Pensacola (30% WI) Q4 2021 well to be drilled in exciting Zechstein Reef Fully funded well with Super Major as partner ▪ Attracted world class partner in Shell through 2019 farm-out process ▪ New 3D seismic shot in August 2019 with reprocessing workflows nearing completion ▪ Deltic fully car
Slide 9: P2437 – Selene (50% WI)
P2437 – Selene (50% WI) Largest untested structure in the Leman Fairway 2nd fully funded well with Super Major as partner ▪ Attracted world class partner in Shell through 2019 farm-out process ▪ Strategic asset located close to Shell owned and operated infrastructure ▪ Shell to pay for 75% of the co
Slide 10: Southern North Sea Licences (all 100% WI)
Southern North Sea Licences (all 100% WI) The conveyor belt of future drilling opportunities Cupertino Area – P2428 Cadence Area – P2567 Cortez Area – P2424 >800 BCF P50 Farm-out >1 TCF of P50 Drill ready Seeking Multiple prospects Farm-out 30th Round 30th Round Resources in 3 commencing Resources i
Slide 11: Central North Sea: Dewar – P2352 (100% WI)
Central North Sea Dewar – P2352 (100% WI) Low risk prospects in prolific oil producing basin 39.5 mmbbls Farm out process Prospect is P50 Prospective ongoing drill ready Resources ▪ Dewar is a well defined, AVO supported, channel sand prospect in the prolific Forties Sandstone ▪ Located close to exi
Slide 12: P50 Prospective Resources
P50 Prospective Resources Diverse portfolio containing multiple high impact drilling opportunities* Gross P50 Cumulative Net Resources P50 Resources (mmboe) (mmboe) ONGOING MATURATION LEGACY 90 FUNDED DRILL FOLLOW ON 600.0 AND/OR FARMOUT DISCOVERIES READY OPPORTUNITIES PROCESS 80 500.0 70 60 400.0 5
Slide 13: Key Investment Highlights
Fully risked NAV implies Key Investment Highlights significant share price potential Small Team High Impact Portfolio ▪ Extensive UKCS exploration experience ▪ Existing portfolio of operated and non- ▪ Strong track record of acquiring assets in operated assets in SNS & CNS competitive licence rounds
Slide 14: Indicative Operational Timeline
Indicative Operational Timeline Active schedule with a funded pathway to drilling activity Q4 Q1 Q2 Q3 Q4 H1 H2 2020 2021 2021 2021 2021 2022 2022 2023 P2252 PENSACOLA Well Planning Mobilisation *1 P2437 SELENE Well Planning Mobilisation *1 CUPERTINO *2 *2 P2428 Farm-out Process P2567 CADENCE Farm-o
Slide 15: Deltic Energy Plc
Deltic DelticEnergy EnergyPlc Plc Investor Relations Queries Camarco First FirstFloor Floor The TheOld OldFire FireStation Station 107 Cheapside 150 150Waterloo WaterlooRoad Road London London London EC2V 6DN SE1 SE18SB8SB United Kingdom United UnitedKingdom Kingdom Tel: Tel:+44 +44(0)20 (0)207887 7
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