Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — Engage Investor Webinar and Q&A (September 2025)
22 slides from Europa Oil & Gas (holdings)'s conference presentation, Sep 18, 2025
Slide 1: Europa Oil & Gas Engage Investor Webinar and Q&A
Europa Oil & Gas Engage Investor Webinar and Q&A 18 September 2025 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
Slide 2: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION The informati
Slide 3: Overview
Overview Europa is building a portfolio of assets that offer shareholders exposure to material near-term growth catalysts whilst managing capex/G&A in considered fashion Assets throughout the E&P cycle with significant upside and multiple catalysts 1) Gas exploration near existing infrastructure (“I
Slide 4: Interim Results
Interim Results 11 months to 30 June 2025 • Revenue £2.6 million • Gross Profit £0.4 million • Pre-tax Loss £1.2 million • Cash Balance £0.9 million • Admin Expense £1.3 million (peer group average £2.35 million) • Revenue Swap £0.37 million (4.5% of gross revenue from Wressle 1) 4
Slide 5: Equatorial Guinea – Low Risk Exploration
Equatorial Guinea – Low Risk Exploration • EOG has a 42.9% interest in Antler Global Limited, which has 80% WI in EG-08 • EG-08 has 3x ILX prospects with 1,477 BCF (Pmean) and a total of 2,116 BCF (Pmean) of prospectively on the block* • Barracuda well forecast to drill in H2 2026 to test 878 bcf wi
Slide 6: 7 from 8 exploration wells have been commercial discoveries
7 from 8 exploration wells have been commercial discoveries 1 0-1 – 26 MMSCF/D & 1270 BCPD 2 0-3 – 30 MMSCF/D & 1540 BCPD 3 I-1 – 34 MMSCF/D & 1088 BCPD 4 I-4 – 36 MMSCF/D & 331 BCPD 5 I-4 – 29 MMSCF/D & 1634 BCPD 6 I-5 – 6250 BOPD & 5.4 MMSCFD Liquids pipeline Alen to Aseng 7 0-7 – 2650 BOPD & 4.7
Slide 7: O2 Well
O2 Well 1. Wireline pressure data indicate a short gas column in the upper 6m of the sand but the remainder of the sand is water bearing. Assuming gas properties to the 0-1 Belinda sand then a FWL at 2884.1 m TVDSS is noted 2. Samples of gas/gas condensate were recovered by wireline (RCI) at the top
Slide 8: Volumetrics & Risk to Commercialisation
Volumetrics & Risk to Commercialisation Gross to Europa Unrisked Net to Europa Unrisked Prospective Recoverable Prospective Recoverable Operator GCOS Total Pmean mid-case Resources (BCFE) Resources (BCFE) Prospects (BCFE) P90 Pmean P10 P90 Pmean P10 Prospective Resource Barracuda (Geological) Cardin
Slide 9: EG-08 Summary
EG-08 Summary • High quality, low risk and high reward gas ILX opportunity • Prospects are straightforward to drill. Approximately 2,800m of sediment to drill and in shallow water (jack-up rig) • High quality 3D data – allows better quantification of AVO anomalies • Low development costs – near fiel
Slide 10: Ireland Overview
Ireland Overview • FEL 4/19 is operated by Europa Oil and Gas with 100% equity • Large Corrib lookalike structure: Inishkea West • A third of Ireland’s overall energy needs, and over half its electricity, comes from natural gas (Source: www.gov.ie) • Ireland highly reliant on imported gas • Corrib p
Slide 11: Geoseismic Line from Inishkea West to Corrib
Geoseismic Line from Inishkea West to Corrib Map Source: Europa Internal Interpretation.
Slide 12: Ireland Summary
Ireland Summary • Europa Oil & Gas has a 100% operated interest in FEL 4/19 • Europa is seeking a carry on for the drilling of the Inishkea West prospects plus back-costs • One main prospect considered low-risk within the same world-class Triassic gas play as the Corrib and Morecambe Bay gas fields
Slide 13: Cloughton – PEDL 343
Cloughton – PEDL 343 • Discovered in 1986 • Carboniferous sandstones with excellent salt seal Well Site • Simple 4-way anticline • Flowed up to 28,000 scf/d • Flow potential 6 mmscf/d1 • GIIP Pmean 137 bcf1 • Pad location identified, existing industrial site • Preliminary well design completed Botto
Slide 14: Cloughton 2 – Well Objective
Cloughton 2 – Well Objective • Cloughton-2 will be a directional well (1.6km step out) • Ideally each of the stacked targets would be intersected with a vertical well bore • Penetrate the Carboniferous target, formation evaluation through wireline logging and coring • Suspend well for future re-entr
Slide 15: Cloughton-1: Core
Cloughton-1: Core • Moderate angled fluvial cross bedded medium to coarse grained sandstone. Very clean, almost 100% N:G. Some fine carbonaceous drapes in lower energy sections • Over 300m of gross reservoir • Large stacked pay column >1000m • Over 300m salt cap rock 15
Slide 16: Well Objectives & Well Trajectory
Well Objectives & Well Trajectory • Penetrate the Sabden Carboniferous target • Penetrate the secondary targets as crestally as possible • Perform formation evaluation through wireline logging and coring • If successful, suspend well for future re-entry and production testing • Ideally each of the s
Slide 17: Cloughton Development
Cloughton Development • Generate over £50m in taxes Cloughton-2 • Provide gas to heat 130,000 homes • 6 full time well paid local jobs plus over 10 local contractors • Displace LNG => so could reduce GHG emissions by 429 thousand tonnes over the 20-year life of the field (equivalent to removing 10,0
Slide 18: Onshore Production – Key Cash Generator
Onshore Production – Key Cash Generator Cloughton • Wressle has one of the highest production rates in the UK PEDL343 onshore • Gross revenue from Wressle in excess of US$57.5m since Crosby Warren August 2021 (net c.$17.25m to EOG)1 DL001 • Wressle gas solution and subsequent additional revenues: Wr
Slide 19: 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 – 0.3mmbbls 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 20: 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 Q4 2025 • Site upgrade will allow dr
Slide 21: 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 22: Questions?
Questions? Alen Production Facilities – First Gas July 2013 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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