Angus Energy Plc · LSE:ANGS
Angus Energy — Investor Presentation (September 2020)
14 slides from Angus Energy's investor presentation, September 2020
Slide 1: Investor Presentation
Investor Presentation September 2020
Slide 2: Disclaimer
DISCLAIMER This document is a confidential investor presentation which has been prepared by, and is the sole responsibility of, the directors of Angus Energy plc (the "Company") and has been prepared in connection with the proposed placing of ordinary shares in the capital of the Company (the "Trans
Slide 3: Angus Energy plc – Board
Angus Energy plc –Board Insert Pic George Lucan Insert Pic Cameron Buchanan Managing Director (ex Dresdner, Non-Executive Director Kleinwort Benson) Patrick Clanwilliam Andrew Hollis Non-Executive Chairman (ex Technical Director (ex British Gas) Eurasia Drilling) Carlos Fernandes Finance Director 3
Slide 4: Shareholder Structure
SHAREHOLDER STRUCTURE Issued share capital of Angus Energy plc consists of 604,047,220* 10.02% Ordinary Shares of £0.002 each 4.97% Disclosed Shareholdings in Angus 4.49% Energy greater than 3% (as at 20th August 2020): 80.52% Knowe Properties Limited JDA Consulting Limited Jonathan Tidswell-Pretori
Slide 5: Portfolio – UK Onshore
PORTFOLIO – UK Onshore Saltfleetby 51% Ownership + Operator Balcombe 25% Ownership + Operator Brockham 65% Majority Interest + Operator Lidsey 80% Ownership + Operator Holmwood 12.5% Minority Interest Investor Presentation – September 2020 5
Slide 6: Objectives: Four Primary Objectives
OBJECTIVES FOUR PRIMARY OBJECTIVES OBJECTIVE 1 - SALTFLEETBY Reconnection of Saltfleetby Gas Field to National Grid and first gas by Q1 2021 OBJECTIVE 2 - BALCOMBE Approval submission & well clean-up operation leading to EWT of Balcombe-2Z horizontal OBJECTIVE 3 - BROCKHAM OBJECTIVE 4 – BUSINESS App
Slide 7: Saltfleetby
SALTFLEETBY CPR Reserves/Resources Report completed in March 2020. After Tax NPV10 Attributable to Angus Energy of £16.7m (1P), £25.2m (2P) and £34.9m (3P) respectively. Approvals: Lincolnshire County Council have granted planning permission for both the pipeline connection and the process facilitie
Slide 8: Senior Secured Loan Notes
Senior Secured Loan Notes On behalf of the Saltfleetby Joint Venture Angus Energy plc have engaged Gneiss Energy Limited to raise £12 million in Senior Secured Loan Notes with the following terms (still to be agreed) Principal: £12,000,000 Primary Obligor: Angus Energy Weald Basin No. 3 Ltd Guaranto
Slide 9: Use of Proceeds
Use of Proceeds £12m Facility 13% 20% 48% 13% 6% Processing Pipeline Other Reconnection Costs Side-track Abandonment Reserve Investor Presentation – September 2020 9
Slide 10: Saltfleetby Site Layout
SALTFLEETBY SITE LAYOUT Investor Presentation – September 2020 10
Slide 11: Balcombe
BALCOMBE Approval submission & well clean-up operation leading to EWT of Balcombe-2Z horizontal Balcombe – 2Z: Horizontal section through the Upper Kimmeridge Micrite. High rates achieved for short periods. Stable production expected following the clean up of excess brine in the hole. Initial short-
Slide 12: Brockham
BROCKHAM Re-start of production from the Portland Sandstone Hydrogeological Risk Assessment (HRA): A revised HRA has been prepared and is to be submitted to the EA for review Cement Bond Log (CBL): BR3 (water injection well) will have a CBL run over the wellbore to confirm well integrity Production
Slide 13: Use of Proceeds £1.4m
USE OF PROCEEDS Funds required to develop work program: £1.4m Equity Placing Saltfleetby Abandonment of Well 7 £0.2m 9.91 6.53 Brockham Preparation for resumed Portland production £0.2m % 6.53% Saltfleetby Facility Support/Working Capital to first gas £0.7m 5 % 6.53% New Business Business Developmen
Slide 14: George Lucan, Managing Director
George Lucan Managing Director www.angusenergy.co.uk T: 020 8899 6380
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