Empyrean Energy Plc · LSE:EME
Empyrean Energy — Investor Presentation (September 2015)
20 slides from Empyrean Energy's investor presentation, Sep 24, 2015
Slide 1: Empyrean Energy Plc Investor Presentation Q3 2015
1 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 2: Disclaimer
Disclaimer These presentation slides (the "Slides" ) relating to Empyrean Energy plc (the “Company) and any subsidiary of the Company do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or of any body corporate and should not be relied on in connection
Slide 3: Empyrean Energy at a Glance
Empyrean Energy at a Glance •US$50 million •3% interest in the •Successful •Production facility in place •US major •Strong Sugarloaf AMI in appraisal of profitable at current with Macquarie Marathon Oil understanding of the Eagle Ford Austin Chalk oil prices Bank for operates the oil and gas Shale T
Slide 4: 2015 Final Results at a Glance
2015 Final Results at a Glance 20 6 US$M US$M 10 4 2 0 0 2013 2014 2015 2013 2014 2015 • Empyrean was profitable for the year to March 2015 and management believes production has been profitable post March despite low oil prices 600000 • Drilling activity is being maintained at an elevated level BOE
Slide 5: Key Data
Key Data Market AIM EPIC EME TD Direct Investing Nominees (Europe) Ltd) 14.11% Share Price 6.6 pence Tom Kelly 9.41% Shares in Issue 222 million Barclays Share Nominees Ltd 8.55% Market Cap £14.64m James Kight 7% 12 month price range 4.75-20.50 pence Dick Appleby 5.53% Other 55.40% Debt Facility US$
Slide 6: Strategy
Strategy To increase production and reserves by developing Empyrean’s advanced hydrocarbon production and development projects, which have excellent technical merit, in order to build shareholder value Capitalise on excellent production upside potential available from Austin Chalk and Upper Eagle Fo
Slide 7: Experienced Board
Experienced Board Patrick Cross Dr Cross is experienced in corporate finance, organisation structures, marketing and joint venture Non-Executive operations. His previous positions include 25 years with British Petroleum specialising in strategic Chairman business development and six years as MD of B
Slide 8: 3% W.I. Sugarloaf AMI
3% W.I. Sugarloaf AMI Current net 1P reserves Targeting Upper 241 gross Operated by daily Net acreage 5.78MMboe & Lower EFS wells and Austin Marathon Oil production of of 729 acres 2P Reserves 12.64MMboe producing Chalk 1,196 boe 8 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 9: Eagle Ford Shale Location
Eagle Ford Shale Location 9 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 10: About the Eagle Ford Shale
About the Eagle Ford Shale • • • • • • 10 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 11: Dramatic Reserves/Resource Increase
Dramatic Reserves/ Resource Increase • 63% increase in 1P to 5.78 MMboe (NPV10: US$43.8 million) 30 • 94% increase in 2P to 12.64 MMboe (NPV10: US$121.7 million) 20 • 134% Increase in 3P Reserves to 20.91 Mmboe (NPV10 of US$263.5 million) 10 • Attributable to successful appraisal of the Austin Chalk
Slide 12: Ongoing Upside from Sugarloaf AMI
Ongoing Upside from Sugarloaf AMI • Currently targeting the Upper Eagle Ford Shale, Lower Eagle Ford Shale and the Austin Chalk • Estimated further >350 wells to develop the Lower Eagle Ford Shale @ 40 acre spacing; 300-450 wells to develop the Austin Chalk depending on spacing between 40 and 60 acr
Slide 13: Marathon's Aggressive Development
Marathon’s Aggressive Development 13 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 14: Investment Case
Investment Case • • • • • • 14 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 15: Contact
Contact T: +61 (419) 045 044 E:tom.kelly@empyreanenergy.com T: +44 (0) 20 7236 1177 E: lottie@stbridespartners.co.uk/ elisabeth@stbridespartners.co.uk 15 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 16: Appendices
Appendices 16 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 17: Calculating Reserves & Resources
Calculating Reserves & Resources • Diagram demonstrates how 2P and 3P reserves are allocated around a producing well 17 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 18: Eagle Ford Well Spacing
Eagle Ford Well Spacing 18 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 19: Eagle Ford Stratigraphy
Eagle Ford Stratigraphy 19 Empyrean Energy Plc | Investor Presentation | Q3 2015
Slide 20: Texas Gulf Coast
Texas Gulf Coast 20 Empyrean Energy Plc | Investor Presentation | Q3 2015
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