Angus Energy Plc · LSE:ANGS
Angus Energy — Investor Presentation (January 2018)
24 slides from Angus Energy's investor presentation, January 2018
Slide 1: Investor Presentation
Investor Presentation January 2018
Slide 2: Disclaimer
D I SC LAI M ER The information contained in these slides has been prepared by, and is the sole responsibility of, Angus Energy Plc (the Company). The information in these slides is subject to updating, completion, revision, further verification and amendment without notice. These slides have not be
Slide 3: Management & Board
M ANAG EM ENT & BO AR D Insert Pic Jonathan Tidswell-Pretorius Insert Pic Rob Shepherd Executive Chairman Non-Executive Director Insert Pic Paul Vonk Insert Pic Chris de Goey Managing Director Non-Executive Director Insert Pic Carlos Fernandes Cameron Buchanan Insert Pic Chief Financial Officer Non-
Slide 4: Shareholder Alignment
SH AR EH O LD ER ALI G NM ENT 17.2% 50.8% 14.9% 11.4% 5.7% Knowe Properties Limited Jonathan Tidswell-Pretorius (D) JDA Consulting Limited Paul Vonk (D) Shares in public hands Investor Presentation: January 2018 4
Slide 5: Our Company Focus
O UR C O M PA NY F O C US Increase Production and Recovery from Existing Assets Without Fracking Grow Portfolio Through Select Onshore Development and Appraisal Projects Operational and Management Control of the Entire O&G Process Investor Presentation: January 2018 5
Slide 6: Current Asset Portfolio
C UR R ENT ASSET P O RTF O LI O Brockham Oil Field Holmwood License PL 235 PEDL 143 (production license) (exploration license) Lidsey Oil Field PL 241 (production license) Investor Presentation: January 2018 6
Slide 7: One Year Later
IP0: NOVEMBER 2016 ONE YEAR LATER Established Low Cost Producer Onshore focused Building Track Record for Delivery UK qualified operator Conventional oil Drilled one-third of Upside Potential producer all UK onshore wells in 2017 Low OpEx producer Wells drilled on time Prime access to an
Slide 8: Next Steps
NEXT STEP S Brockham: Q1/2018 OBJECTIVE#1 Commercial Kimmeridge Production Brockham: March ‘18 OBJECTIVE#2 Optimize Production from Conventional Reservoirs Lidsey: Feb ‘18 OBJECTIVE#3 Optimize Production from Conventional Reservoirs Lidsey: 2018 OBJECTIVE#4 Assess Kimmeridge Production Potential Inv
Slide 9: Hybrid Plays
H Y BR I D P LAY S Brockham: BR-X4Z 65% Majority Interest + Operator KIMMERIDGE HYBRID RESERVOIRS Holmwood * Interbedded Shale and Limestone 12.5% Majority Interest Layers Produced Conventionally - Without the Need for Fracking Operations Resume in 2018 Lidsey: X1 50% Ownership + Operator Will Be Ut
Slide 10: Brockham Oil Field
BR O C KH A M O I L F I E LD Brockham Q1/2018 OBJECTIVE #1 Commercial Kimmeridge Production Investor Presentation: January 2018 10
Slide 11: Brockham: Kimmeridge Layer
BR O C KH AM : KI M M E R I D G E LAY E R 385m TVD Gross Kimmeridge Shale Section High TOCs and Gas Readings Similar Maturity as Horse Hill 3 Thick Sections of Naturally Fractured Limestones Total of ~200m Interbedded Naturally Fractured Shale and Limestone Layers Investor Presentation: Ja
Slide 12: Brockham: Kimmeridge Layer
BR O C KH AM : KI M M E R I D G E LAY E R We Aim To Produce From ~200m Fractured Section In The Kimmeridge Installing Connection To National Grid For Selling On-site Power Generated From Associated Gas Production - Scheduled Completion March ’18 Low Field OPEX (P50 First 3yr Avg. Of $20.4/Bbl,
Slide 13: Conventional Plays
C O NVENTI O NAL P LAY S Brockham: BR-X2Y 65% Majority Interest + Operator PORTLAND RESERVOIR Holmwood 12.5% Majority Interest Holmwood-1 To Be Drilled 2018 Lidsey: X1 + X2 GREAT OOLITE RESERVOIR 50% Ownership + Operator Investor Presentation: January 2018 13 4
Slide 14: Brockham Oil Field
BR O C KH A M O I L F I E LD Brockham: March ‘18 OBJECTIVE#2 Optimize Production from Conventional Reservoirs Investor Presentation: January 2018 14
Slide 15: Resume Portland Production
R ESUM E P O RTLAND P R O D UC TI O N BR-X2Y Temporarily Closed January 2016 Resume Production from BR-X2Y March ‘18 Investor Presentation: January 2018 15 1 1
Slide 16: Lidsey-X2 Drilled October 2017
LI D SEY-X2 D R I LLED O C TO BER 2017 Lidsey: Feb ‘18 OBJECTIVE #3 Optimise Production from Conventional Reservoirs Investor Presentation: January 2018 16
Slide 17: Operations at Lidsey
O P ER ATI O NS AT LI D SEY Lidsey X2 Lidsey–X2 Initiated Production 0 from the Great Oolite Reservoir Third Party Review Of Initial 250 Flow Rates And Planned Improvement Completed TVD (m) Installation of New Pump In A 500 Position Determined Optimal to Current Pump Improve Pressure Different
Slide 18: Lidsey-X2: Upside Potential
LI D SEY-X2: UP SI D E P OTENTI AL Lidsey 2018 OBJECTIVE #4 Assess Kimmeridge Production Potential Investor Presentation: January 2018 18
Slide 19: Lidsey-X2: Upside Potential
LI D SEY-X2: UP SI D E P OTENTI AL Detailed Geochemical Analysis Revealed Potential For The Development Of ~75m Of Kimmeridge Clay Formation Thin Micritic Limestone Indicate Naturally Fractured Layer– Similar to Horse Hill & Brockham Geochemical Properties Suggest Potential For Conventional Oi
Slide 20: Lidsey: Kimmeridge Layers
LI D SEY: KI M M ER I D G E LAY ER S Total Organic Limestone . Content % 0 2 4 6 8 101214Intervals 775 MD (m) MD (m) 785 795 805 815 825 835 845 855 865 875 Lidsey X2 Brockham X4Z *Logs not to to scale, for indication only Investor Presentation: January 2018 20
Slide 21: Conventional Production
CONVENTIONAL PRODUCTION Expected Cash Flow BR-X2Y and Lidsey-X1 - Producing ~50bbl/day Before Temporary Closure @ $70/bbl = Attractive Returns Combined Rates Lidsey X1, X2 & Brockham BR-X2Y, Provide Solid Cash Flow for Growth Investor Presentation: January 2018 21
Slide 22: Operations Summary
O P ER ATI O NS SUM M ARY Installing Connection To National Grid For Selling On-site Power Generated From Associated Gas Production Scheduled Completion March 2018 BROCKHAM Resume Production from BR-X2Y Well March 2018 Installation of New Pump To Optimal Downhole Position, Maximise Flow Rates Feb 20
Slide 23: Summary
SUM M ARY Majority Interest & Operator at Brockham Kimmeridge Production from ~200m Fractured Section at Brockham Q1/2018 Low Operational OPEX Brockham & Lidsey Will Provide An Incremental Increase To Cash Flow From Additional Two Wells Q1 / 2018 Four Producers On-Stream Q1 2018 Upside Potential fro
Slide 24: Thank You
Thank Yo u Paul Vonk Managing Director Angus Energy Plc www.angusenergy.co.uk T: 020 8899 6380 Investor Presentation: January 2018 24