Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — H1 2023 Earnings Presentation
18 slides from Europa Oil & Gas (holdings)'s earnings presentation, Apr 24, 2023
Slide 1: Europa Oil & Gas Interim results
Europa Oil & Gas Interim results 24 April 2023 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
Slide 2: Disclaimer
Disclaimer The information contained in these slides and this presentation is being supplied to you by Europa Oil & Gas (Holdings) plc (Company No 05217946) on behalf of itself and its subsidiaries (together “the Company”) solely for your information and may not be reproduced or redistributed in who
Slide 3: Corporate Overview
Corporate Overview Europa Oil & Gas (Holdings) plc (AIM: EOG) is building a balanced portfolio of producing, appraisal and exploration assets with minimal emissions within the net zero context Assets throughout the cycle with significant upside and multiple catalysts • Producing assets generating si
Slide 4: Interim Results - Highlights
Interim Results - Highlights • Financial Performance (6 months to 31 January 2023) H1 2023 H1 2022 o Revenue increased 68% to £3.7m (H1 2022: £m £m £2.2m) Revenue 3.7 2.2 o Gross profit increased 63% to £1.5m (H1 2022: £0.9 million) Gross Profit 1.5 0.9 o Net cash generated £1.7m (H1 2022: £0.9m) o
Slide 5: UK Onshore
Ci —resrers Some GrZZATa a UK Onshore gag 4 = Ol & Gas
Slide 6: Wressle - Key Cash Generator
Wressle - Key Cash Generator • Gross H1 production from Wressle was 689 bopd • Gross revenue from Wressle of $35m since August 2021 (net c.$10.5m to EOG)1 • Wressle gas solution and subsequent additional revenues: Phase 1 Crosby Warren DL001 came online in February with Phase 2 expected Q2 2023 • Ta
Slide 7: Wressle further development
Crosby Warren-1 Wressle further PEDL 182 Broughton North Prospect2 development Crosby Warren East Penistone Flags – 0.3mmbbls 0 km 2 Ashover Grit – 0.2mmbbls Broughton North Wressle-1 Pad Europa 100% Broughton-1 Egdon 30% Europa 30% Union Jack 40% Wressle-1 Egdon 30% PEDL 180 Downhole Europa 30% Uni
Slide 8: UK Offshore
UK Offshore 7
Slide 9: Serenity Field
Serenity Field • Oil discovery at well 13/23c-10 announced October 2019 by i3 Energy • Drilled down-dip of Tain oil field (32° API oil, flow-tested 6,270 BOPD & 1.6 MMSCFD) • S1 well encountered 31.7o oil (11ft) in Upper Captain sands (30% porosity). Matches the oil from Tain and Blake • S2 was dril
Slide 10: Serenity Development Options
Serenity Development Options • Although the S2 appraisal well encountered water-wet sands, there is a commercial project that can be developed from the discovered resources established by the S1 well • With our partner i3 Energy, we continue to evaluate development options either involving a tie-bac
Slide 11: Ireland
Ireland 10
Slide 12: Prospectivity & Way Forward
Prospectivity & Way Forward • FEL 4/19 held 100% by Europa • Inishkea is a drill-ready, 1.5 TCF prospect, a Corrib play analogue • Inishkea West is a mapped 0.8 TCF prospect on Bellanaboy Gas the same trend Terminal • Farm-out process commenced January 2023 and proceeding well • Targeting exploratio
Slide 13: Inishkea
Inishkea Geoseismic Section Through FEL 4/19 Prospectivity • Inishkea (1.5 TCF Pmean) and Inishkea West (0.8 TCF Pmean) prospects within same world-class Triassic gas play as Corrib gas field • Inishkea West mapped structurally higher immediately west of Inishkea FEL 4/19 Prospective Volumes (BCF Re
Slide 14: Ireland's Annual Gas Supply and Demand
Ireland’s Annual Gas Supply and Demand • Ireland is experiencing an increasing demand in energy demand, in part due to a growing number of data centres • 20% of Ireland’s current gas demand is met by the single producing gas field – Corrib • Projected gas supply and demand using data supplied by The
Slide 15: New Ventures: North Sea
New Ventures: North Sea • 4.0 billion boe1 - 2P reserves in UKCS • 6.4 billion boe2,1 - P50 contingent discovered undeveloped resources, much of which is in mature developed areas • 4.0 billion boe1 - Pmean prospective resources in mapped leads and prospects • 11.2 billion boe1 – Pmean prospective r
Slide 16: Directors
Directors Will Holland CEO Commercial, Corporate finance, Corporate governance Brian O’Cathain Stephen Williams William Ahlefeldt Simon Oddie Alastair Stuart Non-Exec Chairman Senior Non-Exec Non-Exec Director Non-Exec Director COO, Exec Director Petroleum Eng, Director Petroleum Eng, Private Petrol
Slide 17: ESG Credentials
ESG Credentials Europa is working to contribute to local energy security and the global transition to a low carbon economy while delivering value to all stakeholders. With a goal of going beyond the necessary ESG-related requirements, the Europa Board ESG Committee initiated a project in Q3 2022 to
Slide 18: Europa Oil & Gas
Europa Oil & Gas www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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