Beacon Energy PLC · LSE:BCE
Beacon Energy — Investor Presentation (May 2023)
20 slides from Beacon Energy's investor presentation, May 2023
Slide 1: Investor presentation
Investor presentation May 2023 | 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 The Company’s ordinary shares have not been, and are not expected to be, registered under the United States “Presentation”) has not been approved by an authorised person within the
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 assets in Germany through wholly-owned Market cap** Current production Rhein Petroleum subsidiary £12.6m and clear path to payba
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 single well term development Oberrhein Federal • Crude transported to Erfelden for Republic of • 2P: 3.8mmbbls Erfelden / processing Sch
Slide 5: Near-term growth catalysts – Erfelden Development
Near-term growth catalysts – Erfelden Development Summary: Rhein Petroleum 100% Operator (wholly owned by BCE) PBS • Historic production in Kuehkopf field from the PBS reservoir, operated by Exxon • Rhein Petroleum discovered oil in the Schwarzbach Main field in 2015, still in gh Hi production – pea
Slide 6: Near-term work programme, timeline & triggers
Near-term work programme, timeline & triggers Indicative Work Programme Summary • £6m net equity raise completed in April to fund drilling, completion and bringing into production of SCHB-2 well • Cash generative producing and development oil & gas assets to build a self-funding platform for growth
Slide 7: Medium-term growth catalysts - Steig Potential Development
Medium-term growth catalysts - Steig Potential Development Meletta PBS Summary: Rhein Petroleum 100% Operator (wholly owned by BCE) • Steig oilfield discovered by Rhein Petroleum, oil tested from the Meletta and PBS • Independent CPR 2C net contingent resources of 1.62 mmbbls for the Meletta reservo
Slide 8: Medium-term growth catalysts – Graben Potential Development
Medium-term growth catalysts – Graben Potential Development Cyrenen-Mergen Meletta Summary: Rhein Petroleum 60% Operator • Graben oilfield was discovered in 1959, and produced oil from 2 wells from the Cyrenen-Mergen and Meletta until 1963 • Independent CPR 2C net contingent resources in Graben East
Slide 9: Longer-term growth catalysts within the portfolio
Longer-term growth catalysts within the portfolio GRU Hamm Summary: Rhein Petroleum Operator all 100%; Feldschlag 60% • Portfolio of additional 5 prospects throughout the Rhein Graben licences • All defined on 3D seismic data targeting proven reservoirs • Weinheim 2U prospective resource (PR) of 180
Slide 10: Growth potential in Germany
Growth potential in Germany Modern completion Potential from consolidation and portfolio rationalisation in the sector technology allows for selective and multizone • Opportunity for consolidation as larger companies review materiality of asset size and scale production, artificial lift and coil tub
Slide 11: Economics: SGS Certification
Economics: SGS Certification Summary • Immediately cash generative Reserves case 2P/Best 3P/High •Summary Devex funded from cashflow €MM @ SGS oil price f/cst Reserves case 3.85MMbbl 2P/Best 5.82MMbbl 3P/High Immediately •• Free cash flowcash generative to fund developments at: Dev capex (real gross
Slide 12: Rhein Petroleum – operating capability and expertise
Rhein Petroleum – operating capability and expertise Rhein Petroleum - operator and non- Track Record from Discovery to Production operated partner active in onshore E&P in Germany over the past 10 years: • A lean team with a track record of exploration, appraisal, development and production operati
Slide 13: Summary – creating a solid growth platform
Summary – creating a solid growth platform • Potentially transformative and value accretive 2P Net Reserves of fields & 2C & 2U Net Risked Resources of prospects transaction in line with strategy to focus on proven with proven oil* Graben West resources and cash generative assets Risked 2U* Graben E
Slide 14: Advisers & Contact Details
Advisers & Contact Details Beacon Energy plc Nominated Adviser 55 Athol Street Strand Hanson Douglas Isle of M an Brokers IM 1 1LA Tennyson Securities Optiva Securities Limited T +44 (0)1624 681 250 Auditors Lubbock Fine E info@beaconenergyplc.com Registrars Website www.beaconenergyplc.com Computers
Slide 15: Beacon Energy Team
Beacon Energy Team Mark Rollins (Non-Executive Chairman) Larry Bottomley (CEO & Director) • Principal experience in commercial, business development & • Geoscience background with over 40 years of experience in government negotiation building E&P businesses on the international stage • Career develo
Slide 16: Business climate for E&P in Germany
Business climate for E&P in Germany German & European Energy Supply challenges • Russian gas supply severely compromised • Potential for an increased role for indigenous sources of energy Oil production in Germany dates to 1858 • Total 2021 domestic oil and gas production of ~120 kboe/d • Growing nu
Slide 17: ESG: Sustainability & responsibility
ESG: Sustainability & responsibility Safe and responsible operations since Schwarzbach Production Facilities inception* • Fatalities: Zero • Lost Time Incidents: Zero • Total Reportable Incidents: One • Total (Operational) Hours: 893,265 • Training courses: 228 • Safety audits and meetings: 126 Mode
Slide 18: Rhein Petroleum Inventory (CPR*)
Rhein Petroleum Inventory (CPR*) 2P Net Reserves of fields, Net Risked Resources of prospects with proven oil, Net Risked Resources of untested material prospects. Weinheim Buntsandstein Risked 2U Risked 2C 2P Weinheim CM+BNS+ME+PBS mmbbls Graben West Steig Buntsandstein Graben East Steig PBS Schwar
Slide 19: Erfelden – Schwarzbach Production facilities
Erfelden – Schwarzbach Production facilities | www.beaconenergyplc.com | Beacon Energy | Corporate Presentation | 19
Slide 20: Schwarzbach & Lauben Production facilities
Schwarzbach & Lauben Production facilities Schwarzbach Lauben • Unmanned oil producing facility currently producing from a single well • Unmanned oil producing facility currently producing from a single well • Construction is underway for the introduction of an additional 3 wells • The single well i