Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — Proactive One2One Investor Forum (November 2023)
15 slides from Europa Oil & Gas (holdings)'s conference presentation, Nov 30, 2023
Slide 1: Europa Oil & Gas
Europa Oil & Gas Proactive One2One Investor Forum 30th November 2023 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
Slide 2: Disclaimer
Disclaimer The information contained in these slides and this presentation is being supplied to you by Europa Oil & Gas (Holdings) plc (Company No 05217946) on behalf of itself and its subsidiaries (together “the Company”) solely for your information and may not be reproduced or redistributed in who
Slide 3: Overview - Europa Oil & Gas (Holdings) plc
Overview - Europa Oil & Gas (Holdings) plc Europa is building a balanced portfolio of producing, appraisal and exploration assets with minimal emissions within the net zero context Assets throughout the cycle with significant upside and multiple catalysts 1) Producing assets generating significant r
Slide 4: 2023 Financial Year End Performance
2023 Financial Year End Performance Operational Highlights FY 2023 FY 2022 £m £m • Wressle continued to exceed expectations, and new seismic interpretation has highlighted a Revenue 6.7 6.6 potentially significant increase in reserves form the Ashover Grit Gross Profit 3.4 2.2 • Seismic reprocessing
Slide 5: Wressle - Key Cash Generator
Wressle - Key Cash Generator • Wressle has one of the highest production rates in the UK onshore Cloughton • Gross revenue from Wressle of US$42.5m since August PEDL343 2021 (net c.$12.75m to EOG)1 • Wressle gas solution and subsequent additional revenues: Crosby Warren DL001 Phase 1 online with Pha
Slide 6: Wressle: Further Development
Crosby Wressle: Further Warren-1 PEDL 182 Broughton North Prospect2 Development Crosby Warren East Penistone Flags – 0.3mmbbls 0 km 2 Ashover Grit – 0.2mmbbls Broughton North Wressle-1 Pad Europa 100% Broughton-1 Egdon 30% Europa 30% Union Jack 40% Wressle-1 Egdon 30% PEDL 180 Downhole Europa 30% Un
Slide 7: Wressle Development
Wressle Development • Drill two new production wells, drilled back to back • First well to target Penistone Flags • Gas exported to local gas network 600m from site • Existing site to be extended 50m • Install gas processing equipment • Planning approval expected April 2024 • Environment Agency appr
Slide 8: Cloughton – PEDL 343
Cloughton – PEDL 343 • Discovered in 1986 • Carboniferous sandstones with excellent salt seal • Simple 4-way anticline • Flowed up to 28,000 scft/d • Flow potential 6 mmscf/d1 • Sweet gas >98% methane/ethane • GIIP Pmean 192 bcf1 • Stakeholder engagement ongoing • EOG engaged with stakeholders to se
Slide 9: Serenity Development Options
Serenity Development Options • Oil discovery at well 13/23c-10 announced October 2019 by i3 Energy • Drilled down-dip of Tain oil field (32° API oil, flow-tested 6,270 BOPD & 1.6 MMSCFD) • S1 well encountered 31.7o oil (11ft) in Upper Captain sands (30% porosity). Matches the oil from Tain and Blake
Slide 10: FEL 4/19 - Prospectivity & Way Forward
FEL 4/19 - Prospectivity & Way Forward • FEL 4/19 held 100% by Europa • Inishkea West is a 1.5 TCF prospect, a Corrib play and structural analogue • Targeting exploration well 2025 • Very low emissions intensity – FEL 4/19 gas is forecast to be 2.8 kgCO2e/boe1 • Inishkea West has potential to supply
Slide 11: Inishkea & Inishkea West
Inishkea & Inishkea West • Inishkea West (1.5 TCF Pmean) prospect • Same world-class Triassic gas play as Corrib gas field • 4-way closure • 18 km from Corrib infrastructure • Reprocessed seismic has improved imaging Prospective Volumes (BCF Prospective Resource) and reduced primary seal risk Prospe
Slide 12: Ireland’s Annual Gas Supply & Demand
Ireland’s Annual Gas Supply & Demand • SEMO issued 20 system alerts since 2020 (13 were issued from 2010- 2019) • 3 coal burning generators restarted in Co Clare since 2021 • 2 GW of new gas generators planned Leo Varadkar – Oct 2023 “We in Ireland are going to need natural gas until at least 2050,
Slide 13: New Ventures
New Ventures • Value driven • Target the best deals for EOG • Opportunity cost in both staff time (G&A) and EOG financial resources • New opportunities measured against: ▪ Strategic fit to EOG portfolio ▪ Match to EOG core skillset ▪ Materiality – significantly move EOG valuation ▪ Risk – acceptable
Slide 14: ESG Credentials
ESG Credentials Europa is working to contribute to local energy security and the global transition to a low carbon economy while delivering value to all stakeholders. With a goal of going beyond the necessary ESG-related requirements, the Europa Board ESG Committee initiated a project in Q3 2022 to
Slide 15: Europa Oil & Gas
Europa Oil & Gas www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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