Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — FY2023 Earnings Presentation
12 slides from Europa Oil & Gas (holdings)'s earnings presentation, November 2023
Slide 1: 2023 Financial Year End Results
Europa Oil & Gas 2023 Financial Year End Results 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 • Producing assets generating significant re
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.US$12.75m to EOG)1 • Wressle gas solution and subsequent additional revenues: Crosby Warren DL001 Phase 1 online with P
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: 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 8: Serenity Development Options
Serenity Development Options • Although the S2 appraisal well encountered water-wet sands, there is a commercial project that can be developed from the discovered resources established by the S1 well • With our partner i3 Energy, we continue to evaluate development options either involving a tie-bac
Slide 9: 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 10: Board Directors
Board Directors Will Holland Alastair Stuart CEO COO Commercial, Corporate finance, Petroleum Eng, Commercial, Corporate governance, Mech Eng New Ventures, Management Simon Oddie Brian O’Cathain Stephen Williams Non-Executive Director Non-Executive Chairman Senior Non-Executive Director Petroleum En
Slide 11: 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 12: Europa Oil & Gas
Europa Oil & Gas www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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