Angus Energy Plc · LSE:ANGS
Angus Energy — Investor Presentation (December 2019)
11 slides from Angus Energy's investor presentation, December 2019
Slide 1: Investor Presentation: UK Onshore Production
Investor Presentation UK Onshore Production April 2019 December 2019
Slide 2: Saltfleetby - Update
SALTFLEETBY - Update National Grid Feasibility Study • National Grid carried out a feasibility study for the proposed re-connection to the Theddlethorpe Gas Terminal (TGT) • 9 Options were considered, and the most practical option was chosen • The subsequent Detailed Design phase has begun Competent
Slide 3: Saltfleetby Gas Field
SALTFLEETBY GAS FIELD Stable gas/condensate production from large onshore field… Two Existing Sites with Production Facilities Installed EAST MIDLANDS The Saltfleetby Gas Field is located onshore UK at the western extent of the Humber Basin, in the PEDL005 licence area. PRODUCING GAS TO POWER HOMES
Slide 4: Saltfleetby - Structure
SALTFLEETBY - Structure Potential Upside Untapped Fault Blocks within structure • 8 wells already drilled with 7 completed and licensed for production – near horizontals (2 with full core available) • Proven reservoir comparable with other established oilfields in East Midlands Basin. Multiple sourc
Slide 5: Saltfleetby - Production
SALTFLEETBY - Production Mmscf/d BCF 67 35 HISTORY OF SUCCESS FUTURE POTENTIAL • Commercial discovery was made in 1996 after re-entering • According to a Field Development Plan prepared for an exploration well drilled in 1986 submission to the OGA in 2016, an estimate of an additional 12.7 BCF shoul
Slide 6: Saltfleetby - Production
SALTFLEETBY - Production Reservoir Pressure Monitoring Individual well pressure data suggests that a substantial amount of remaining gas should be recoverable. Angus have considered two future production profiles based on past production trends (see next slide). These indicated that 10 -18 BCF of ga
Slide 7: Production Forecast
SALTFLEETBY – Forecast BCF WINGAS FORECAST BCF 2.1 88 81 1.0 74 0 67 Conservative case ANGUS FORECAST Rate vs cumulative production 60 PRODUCTION FORECAST 50 Rate (mmscf) • WINGAS forecast scenario similarly in line with Angus’ internal 40 analysis from historical production data. 30 20 • Conservati
Slide 8: Saltfleetby - Economics
SALTFLEETBY – Economics UK NATURAL GAS PRICES Data from OFGEM, 2019 VALUE CONSERVATIVE (10YR) OPTIMISTIC (12Y) Gas volume (mmscf) 10000 18000 Gas volume (mm therms) 100 180 Gross value gas (£M) 50.03 90.54 Condensate volume (kbls) 100 180 Gross value condensate (£M) 3.80 6.84 Natural gas prices have
Slide 9: Saltfleetby - Forward Plan
SALTFLEETBY – Forward Plan Theddlethorpe Gas Terminal (TGT) closed in 2018… In the end of 2017 ConocoPhilips (owner of TGT) announced SELF–CONTAINED plans to shutdown the terminal in 2018. Production ceased in August 2018. (conocophilips.com) Processing was previously carried out by a third party at
Slide 10: Saltfleetby - Timeline
SALTFLEETBY – Timeline JUNE 2019 JANUARY 2020 JUNE 2020 JANUARY 2021 Legal & Commercial Permit Applications, Planning application OGA/HSE/EA DD OGA Licence Transfer & Approval preparation and then submission Approvals Permits & Approvals CPR Reserves Report Reserves Report NTS Feasibility Study NTS
Slide 11: Saltfleetby - Summary
SALTFLEETBY – Summary ANGUS ACTION POINTS The field presents an opportunity for field rehabilitation and further development. To recommence production we believe the following would be required: • Reconnection to the National Grid via existing connection point at NTS Theddlethorpe – discussions are