Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — London South East Webinar February 2023
17 slides from Europa Oil & Gas (holdings)'s conference presentation, Feb 28, 2023
Slide 1: Europa Oil & Gas
Europa Oil & Gas London South East Webinar 28 February 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: UK Onshore
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Slide 5: Wressle - Key Cash Generator
Wressle - Key Cash Generator • Wressle has one of the highest production rates in the UK onshore • Gross revenue from Wressle of $32m since August 2021 (net c.$10m to EOG)1 • Wressle gas solution and subsequent additional revenues: Phase 1 Crosby Warren DL001 due to be online in February with Phase
Slide 6: Wressle: Further Development
Crosby Wressle: Further Development Warren-1 PEDL 182 Broughton North Prospect2 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% Un
Slide 7: UK Offshore
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Slide 8: 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 9: 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 10: Ireland
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Slide 11: Prospectivity & Way Forward
Prospectivity & Way Forward • FEL 4/19 (Inishkea) 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 • Targeting exploration well 20
Slide 12: 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 13: 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 14: Financial Highlights & 2023 Budget
Financial Highlights & 2023 Budget • Financial Performance (to 31 July 2022) FY 2022 FY 2021 o Revenue more than quadrupled to £6.6m (2021: £m £m £1.4m) Revenue 6.6 1.4 o Pre-tax profit of £1.4m (2021: pre-tax loss £0.85 million) Gross Profit 2.2 0.1 o Net cash generated £2.5m (2021: used in operati
Slide 15: Board Directors
Board Directors Simon Oddie Will Holland CEO CFO Petroleum Eng, Commercial, Commercial, Corporate finance, Corporate, Management Corporate governance Brian O’Cathain Stephen Williams William Ahlefeldt Non-Executive Chairman Senior Non-Executive Director Non-Executive Director Petroleum Eng, Commerci
Slide 16: 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 17: Europa Oil & Gas
Europa Oil & Gas www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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