Deltic Energy PLC · LSE:DELT
Deltic Energy — Investor Presentation (October 2021)
17 slides from Deltic Energy's investor presentation, Oct 5, 2021
Slide 1: Corporate Presentation September 2021
CORPORATE PRESENTATION SEPTEMBER 2021
Slide 2: Important Notice
Important Notice By accepting this document, and in consideration for it being made available to such recipient, each recipient agrees to keep strictly confidential the information contained in it and any information otherwise made available by Deltic Energy Plc (the "Company"), whether orally or in
Slide 3: Our DNA
Our DNA St Fergus Dewar SMALL TEAM We are a small, focussed group of driven and respected industry professionals with over 100 years of experience within the E&P industry. The team is focussed on producing high quality technical work which advances the exploration portfolio at low cost. HIGH-IMPACT
Slide 4: Board & Management
Board & Management Driven and highly competent management team with >100 years of UKCS Experience Graham Swindells Mark Lappin Chief Executive Officer Non-Executive Chairman Graham joined Deltic as Chief Financial Officer in May 2013. He previously worked in Mark has over 35 years of experience in t
Slide 5: Investor Base and Capital Structure
Investor Base and Capital Structure Strong and supportive shareholder base Key shareholders * Capital Structure IPGL (Michael Spencer) 16.8% Shares in issue 1,406m Options 130m Richard Sneller 11.0% Free float 72.1% Hargreaves Lansdown 9.7% Cash at 30 June 2021 £11.1m Interactive Investor 7.3% Debt
Slide 6: Strategy
Strategy Gas dominated portfolio Identify. Explore. Monetise. Repeat. ▪ Increasingly important transition fuel ▪ High petrochemical / hydrogen demand ▪ UK increasingly reliant on foreign gas imports ▪ Positive medium to long term pricing trends > ORGANIC PORTFOLIO BUILD Exploration and appraisal > C
Slide 7: Commitment to ESG
Governance Commitment to ESG ▪ Strong corporate governance ▪ Board supported policies for H&S, Environment & ESG Health & Safety. Environment. Net Social Benefit. ▪ Assessment of the ESG issues plays a central role in strategic decision making ▪ Climate related disclosures in Annual Reports from 202
Slide 8: Natural Gas Focus
Natural Gas Focus Supporting the UK’s transition to a Net Zero economy Significant shortage in UK production to meet demand UK North Sea Transition Deal 2021 ▪ Over 50% of UK gas currently imported and this is expected to By 2030, up to £16 billion will be spent by the UK Government continue beyond
Slide 9: Southern North Sea Licence Portfolio
Southern North Sea Licence Portfolio Strategic acreage position in an underexplored area of a world class gas basin P2252/8 – Pensacola (30% DELT, 70% Shell) P2428 – Cupertino (40% DELT, 60% Cairn) ▪ Zechstein Carbonate Reef ▪ Prospects in Carboniferous, Zechstein and Leman ▪ Gross P50 Prospective R
Slide 10: P2252 – Pensacola (30% WI)
P2252 – Pensacola (30% WI) Fully funded well to be drilled in Q2 2022 Fully funded, high impact exploration well operated by Shell ▪ High impact opportunity with Gross P50 Prospective Resources of 309 BCF and GCoS of 55% ▪ New 3D seismic shot by JV in August 2019 significantly de-risked the prospect
Slide 11: P2437 – Selene (50% WI)
P2437 – Selene (50% WI) SELENE PROSPECT Largest untested structure in the Leman Fairway Partnered with Shell with drilling anticipated in 2022 ▪ Attracted world class partner in Shell through 2019 farm-out process ▪ Strategic asset located close to Shell owned and operated infrastructure ▪ Shell to
Slide 12: P2428 & P2567 (40% WI)
P2428 & P2567 (40% WI) Plymouth and Cadence Prospects Cupertino Richmond Plymouth Partnered with Cairn Energy following August 2021 farm out ▪ Attracted new basin entrant in Cairn Energy following 2021 farm out process ▪ Cairn acquired 60% working interest and operatorship in return for $1m back cos
Slide 13: P2560, 61 & 62 (30% WI)
P2560, 61 & 62 (30% WI) South Breagh Area Breagh Field Partnered with Cairn Energy following August 2021 farm-out ▪ Attracted new basin entrant in Cairn Energy following 2021 farm-out process ▪ Cairn acquired 70% working interest in return for back costs and a full carry through to well investment d
Slide 14: Central North Sea – Dewar P2352
Central North Sea Dewar – P2352 (100% WI) Low risk prospects in prolific oil producing basin 39.5 mmbbls Farm out process Prospect is P50 Prospective ongoing drill ready Resources ▪ Dewar is a well defined, AVO supported, channel sand prospect in the prolific Forties Sandstone ▪ Located close to exi
Slide 15: Key Investment Highlights
Fully risked NAV implies Key Investment Highlights significant share price potential Small Team High Impact Portfolio ▪ Extensive UKCS exploration experience ▪ Existing portfolio of operated and non- ▪ Strong track record of acquiring assets in operated assets in SNS & CNS competitive licence rounds
Slide 16: Indicative Operational Timeline
Indicative Operational Timeline Active schedule with a funded pathway to drilling activity Q3 Q4 Q1 Q2 H2 H1 H2 2021 2021 2022 2022 2022 2023 2023 2024 P2252 PENSACOLA Site Survey Mobilisation *1 P2437 SELENE Well Decision Site Survey Mobilisation *2 P2428 CUPERTINO Data Processing & Interpretation
Slide 17: Deltic Energy Plc contact details
Deltic DelticEnergy EnergyPlc Plc Investor Relations Queries Camarco First FirstFloor Floor The TheOld OldFire FireStation Station 107 Cheapside 150 150Waterloo WaterlooRoad Road London London London EC2V 6DN SE1 SE18SB8SB United Kingdom United UnitedKingdom Kingdom Tel: Tel:+44 +44(0)20 (0)207887 7