Slide 1: BR-X4Z Drilling Results
BR-X4Z Drilling Results MARCH 2017
Slide 2: Disclaimer
DISCLAIMER The information contained in these slides has been prepared by Angus Energy Plc (Company) in connection with the proposed placing (Placing) of ordinary shares in the capital of the Company (Ordinary Shares) and the proposed application for admission (Admission) of the entire ordinary shar
Slide 3: BR-X4Z Drilled January 2017
BR-X4Z DRILLED JANUARY 2017 Focus First commercial Kimmeridge production MARCH 2017 3
Slide 4: Objectives of the BR-X4Z Sidetrack
O B J E C T I V E S O F T H E B R-X 4 Z S I D E T R A C K 1 Continue and Increase: Portland production 2 Analyse: Kimmeridge production potential 3 Assess: Corallian hydrocarbon potential MARCH 2017 4
Slide 5: Objectives of the BR-X4Z Sidetrack: Kimmeridge Production Potential
O B J E C T I V E S O F T H E B R-X 4 Z S I D E T R A C K • Kimmeridge Layer at Horse Hill: Hybrid reservoir of both a shale and limestones with natural fractures for production • Does Brockham have similar properties? a) Is there sufficient organic content and is it mature? b) Is the formation natu
Slide 6: Logging Results BR-X4Z Kimmeridge
L O G G I N G R E S U LT S B R-X 4 Z K I M M E R I D G E § A thick 385m TVD gross Kimmeridge shale with limestone intervals section § 3 limestone intervals § ~250m with higher organic content § Higher organic content in the mid section; above, between and below the limestones § Multiple fractured se
Slide 7: Logging Results Kimmeridge
LOGGING RESULTS KIMMERIDGE § Limestones and shales are naturally fractured § Zones with high gas content correspond with high total organic content (TOC) § Shale sections also have thin fractured limestones MARCH 2017 7
Slide 8: Encouraging TOC Content
ENCOURAGING TOC CONTENT BR-X4Z Total Organic Content% § Strong correlation between the Plotted Against Lithology main stratigraphic features of the Kimmeridge and the Total Organic Content (TOC) § Highest values are in the shale- limestone interbedded intervals 1st limestone between the main limesto
Slide 9: Strong Fracture Identification
STRONG FRACTURE IDENTIFICATION Log interval representing a section with Limestone bands showing abundant interbedded shales and limestones seen naturally occurring fractures clearly in the bands of different rock texture . Fractures • Both shales and limestones show abundant naturally occurring frac
Slide 10: Kimmeridge Lithology
KIMMERIDGE LITHOLOGY Image of the cliff section at Kimmeridge Bay Dorset shows interbedded shales (dark) and limestones (light) § This section is a visual example of similar multi-layered sequence seen in the Kimmeridge formation § The shales and limestones are of similar thickness to the interbedde
Slide 11: Does Brockham Kimmeridge Have Oil?
D O E S B R O C K H A M K I M M E R I D G E H AV E O I L ? § Maturity is the measure of whether the organic material in the shale has been under sufficient temperature and pressure in the past to generate oil § Rock Eval pyrolysis analyses was performed on multiple samples with the entire interval b
Slide 12: BR-X4Z Kimmeridge Summary
BR-X4Z KIMMERIDGE SUMMARY • Based on the evidence so far, Angus has confidence that the well will be similar to Horse Hill and given that the reservoir is potentially much thicker in zones not previously tested the results could be even better Objective Result a) Is there sufficient organic content
Slide 13: BR-X4Z Summary
BR-X4Z SUMMARY Objective Result Completed § Log analysis shows Portland 1 Continue and Increase: Portland production reservoir to be oil bearing with strong indications for continued long term production § Directly analogous to Horse Hill 2 § Evidence thus far indicates oil Analyse: Kimmeridge produ
Slide 14: Brockham Next Steps
BROCKHAM NEXT STEPS § Company is currently evaluating appropriate completion and production options to optimise long term well and reservoir performance from the Kimmeridge § Once the necessary OGA approval is granted, Angus Energy intends to produce from the Kimmeridge at Brockham’s production faci
Slide 15: Contacts
CONTACTS Angus Energy Plc www.angusenergy.co.uk Email: info@angusenergy.co.uk Managing Director: Paul Vonk T: 020 8899 6380 MARCH 2017 15