Beacon Energy PLC · LSE:BCE
Beacon Energy — Investor Presentation (March 2024)
10 slides from Beacon Energy's investor presentation, March 2024
Slide 1: Optimising Production
Optimising Production March 2024 | www.beaconenergyplc.com | Beacon Energy | Corporate Presentation |
Slide 2: Disclaimer
Disclaimer The content of information contained in these slides and any accompanying verbal presentation (together, the This Presentation or documents referred to in it contain forward-looking statements. These statements relate to “Presentation”) has not been approved by an authorised person within
Slide 3: Executive Summary – building a self funding E&P
Executive Summary – building a self funding E&P Diversified portfolio of onshore production, Key stats 1. Cash generative production development, appraisal and exploration Market cap Current production assets in Germany and clear path to ~£10m payback from discovered resources Development 2P reserve
Slide 4: Asset overview – focused, full cycle portfolio
Asset overview – focused, full cycle portfolio Erfelden (100% Op) Hessen Lauben (50% Non-op) • Existing production with near- Nördlicher • Existing production from term development Oberrhein Federal single well Republic of • Pre-drill 2P: 3.8mmbbls* Erfelden / • Crude transported to Erfelden Schwarz
Slide 5: Near-Term Growth Catalysts - SCHB2(2.) well
Near-Term Growth Catalysts - SCHB2(2.) well Summary: Rhein Petroleum 100% Operator PBS • SCHB-1a discovered Schwarzbach Main segment in 2015 on RP OR Nord 3D seismic and still in production through the wholly-owned Schwarzbach Production facility • SCHB2(2.) targeted 2P pre-drill reserves in Stockst
Slide 6: SCHB2(2.) well – operational summary
SCHB2(2.) well – operational summary Operational summary: PBS depth structure map • Well TD of 2255m measured depth (1717m TVD) • Well deviation up to 45o, TD offset ~1400m SSW of wellsite • Hole stability challenges required high mud weight, cautious drilling operations, hence significant drilling
Slide 7: Erfelden Production & Development Next Steps
Erfelden Production & Development Next Steps Accelerate and optimise cash flow • Continue production through the rod pump Invasion Profile • Drill fresh sidetrack to achieve rates materially in excess of 2m 4m 6m 8m 250 bopd Sidetrack: • MND rig 40 contracted and scheduled to be on site in April 202
Slide 8: Cash Position, Use of Proceeds and illustrative cash flow
Cash Position, Use of Proceeds and illustrative cash flow Sources Uses Unrestricted cash (16 Feb 2024) €1.2m Sidetrack €2.1m New equity proceeds €3.0m SCHB2 payables (pre-side track) €1.1m TOTAL €4.2m Opex, G&A and general working capital €1.0m TOTAL €4.2m • Payment plan agreed with legacy SCHB2 wel
Slide 9: Summary – creating a solid growth platform
Summary – creating a solid growth platform • Transformative discovery made in the SCHB-2(2.) well 2P Net Reserves of fields & 2C & 2U Net Risked Resources of prospects with proven oil* Graben West • Material SCHB-2 well production expected from Q2, 2024 Risked 2U* Graben East from the sidetrack Risk
Slide 10: Advisers & Contact Details
Advisers & Contact Details Beacon Energy plc Nominated Adviser 55 Athol Street Strand Hanson Douglas Isle of M an Brokers IM1 1LA Tennyson Securities T +44 (0)20 7466 5000 Auditors Lubbock Fine E info@beaconenergyplc.com W info@ beaconenergyplc.com Registrars Computershare Investor Services W e b s