Predator Oil & Gas Holdings Plc · LSE:PRD
Predator Oil & Gas — Investor Presentation (January 2025)
21 slides from Predator Oil & Gas's investor presentation, January 2025
Slide 1: Corporate Presentation January 2025
“PRD” Corporate Presentation January 2025 1
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) has been prepared by Predator Oil & Gas Holdings Plc (the “Company” or “Predator”) solely in connection with providing information on the Company and may be subject to change. It is being issued to certain persons on the basis that they fall within one o
Slide 3: Shareholder aligned team
Shareholder aligned team Unlocking a significant portfolio of resources • High quality, experienced management team • Morocco acreage offers attractive, large-scale gas with fast pace of commercialisation • Potential scale of Moroccan acreage is significant • Diversified portfolio across Trinidad an
Slide 4: Executing a significant opportunity in Morocco and beyond
Executing a significant opportunity in Morocco and beyond Main market of the London Stock Exchange PRD.LN Exploration, appraisal and development assets across onshore Morocco and Trinidad and offshore Republic of Ireland • Morocco gas acreage offers high-quality, large-scale gas projects and helium
Slide 5: Summary of investment
Summary of investment MOU-5 “Titanosaurus” Prospect • Q1 2025 fully-funded to drill MOU-5 “Titanosaurus” onshore Morocco Appreciation of scale and risk versus reward • 2P gas resources 4.4 Tcf net PRD¹ • US$1.36 billion unrisked undiscounted annual gross revenues net to PRD in Success Upside 2P Case
Slide 6: Newsflow over next months
Newsflow over next 12 months Q1 2025 Q2 2025 Q3 2025 Q4 2025 Drill MOU-5 Evaluate for potential divestment – retain helium rights? Complete divestment Satellite remote sensing for additional helium in success case MOROCCO MOU-3 perforate shallow Apply for FID and planning high pressure gas¹ Exploita
Slide 7: Key catalysts for near-term growth
Key catalysts for near-term growth Gas price and helium percentage concentration for 136 pence per share case Drill MOU-5 “Titanosaurus” • Provisionally commencing 25 February 2025 • Site construction commenced • 2P 4.4 net PRD Tcf unrisked and undiscounted¹ • 2P 76.4 Bcf unrisked, undiscounted heli
Slide 8: Predator Oil & Gas – Corporate strategy
Predator Oil & Gas – Corporate strategy • Fully funded Drilling MOU-5 in Morocco and production enhancement onshore Trinidad • Maintain a debt-free status • Maintain cash balances GBP4.35 million (24/09/24) and added GBP2 million (gross) placing 04/11/2024 • Practice financial discipline 2025 estima
Slide 9: Why Morocco, why gas and why Guercif?
Why Morocco, why gas and why Guercif? Morocco boasts some of the industry’s best fiscal terms • 5% State royalty for gas, applicable after the first 10.6 Bcf of net production to the operator, and corporation tax charged at 31% • 10-year “holiday” before corporation tax • No signature bonuses Morocc
Slide 10: Why Trinidad, why oil and why Cory Moruga?
Why Trinidad, why oil and why Cory Moruga? Oil production supports local employment Low risk of increasing oil production • Excellent relationship with Ministry of Energy and Energy Industries • Opportunity to re-set economic model for onshore oil Trinidad • Through CO2 EOR and CO2 sequestration “kn
Slide 11: Why Ireland, why gas and why Corrib South?
Why Ireland, why gas and why Corrib South? Mature gas infrastructure linked to UK/Europe Gas is required to sustain an energy transition • Increasingly reliant on imported gas from UK/Europe • Coal and oil still burned in Moneypoint power station • No LNG import facilities • Mainly gas-fired power s
Slide 12: Outlook 2025
Outlook 2025 Exploration transformational Morocco Gas – near production Trinidad Oil - production “blue sky” • Deliver the final phases of the MOU-3 • Deliver the Cory-Moruga well • Drill the Titanosaurus Jurassic testing programme workovers prospect • Evaluate new wax treatment • Confirm gas flow r
Slide 13: Appendix
Appendix ¥y PREDATOR OIL & GAS HOLDINGS PLC
Slide 14: Morocco snapshot of new hydrocarbon plays established by Predator drilling 2021-2023
Morocco snapshot of new hydrocarbon plays established by Predator drilling 2021-2023 Deeper Triassic potential? MOU-3 MOU-5 Deeper Jurassic potential? Magnetic intensity 14
Slide 15: MOU-5 “Titanosaurus” – High impact Q1 2025 drilling
MOU-5 “Titanosaurus” – High impact Q1 2025 drilling Onshore Morocco Drill MOU-5 (“Titanosaurus”) • Forecast to commence 25 February 2025 • Up to 12 days to drill: US$2.4M drilling cost that is fully funded • Target is Jurassic gas with added potential for helium (found in MOU-3) • CPR upside P50 gas
Slide 16: MOU-3 rigless testing project – to de-risk CNG development resources
MOU-3 rigless testing project – to de-risk CNG development resources MOU-3 rigless testing • Sandjet rigless testing tools deployed and TGB-4 and Ma Sand intervals perforated • Static build-up pressures of 246.5 psi and 159.5 psi recorded respectively • No flow of any reservoir fluids or gas to surf
Slide 17: MOU-3 perforate “A” Sand shallower higher-pressure gas
MOU-3 perforate “A” Sand shallower higher-pressure gas MOU-3 well design MOU-3 “A” Sand rigless perforating • Can be perforated with larger perforating guns • Sand mineralogy compatible with drilling mud chemistry • Good potential for gas to flow to surface without additional stimulation May stimula
Slide 18: Jacobin-ST1 and Snowcap-1 high impact well workovers for cash flow
Jacobin-ST1 and Snowcap-1 high impact well workovers for cash flow Recent Jacobin-1 oil Scoping 2025 cash flow Without wax treatment • Opportunity to re-set economic model for onshore oil Trinidad • Approximately US$47.9M in tax losses to offset against future PPT 2025 Production (bopd)¹ 250 Primary
Slide 19: Corrib South – farmout and/or divestment opportunity
Corrib South – farmout and/or divestment opportunity realised if successor authorisation awarded Prospective Resource Summary - Unrisked¹ • Decision on award pending subject to review of latest financial 50% PRD (operator) 50% Theseus Ltd. information submitted 24/12/2024 and receipt acknowledged Pr
Slide 20: ESG and our guiding principles
ESG and our guiding principles Over £2m spent on local Significant engagement Compensation for Engage services in Morocco with landowners local access Mud pit before Mud pit after Improve tracks Water consultations Local track Natural vegetation with olive tree farmers improvement re-established in
Slide 21: Highly experienced Board in the oil and gas sector
Highly experienced Board in the oil and gas sector 21
Predator Oil & Gas Holdings — Investor Presentation (January 2025) on 6ix