Cadogan Energy Solutions Plc · LSE:CAD
Cadogan Energy Solutions — Cadogan Petroleum — Investor Presentation (May 2017)
27 slides from Cadogan Energy Solutions's investor presentation, May 2017
Slide 1: Cadogan Petroleum PLC May 2017
CADOGAN ETROLEUM PLC May 2017
Slide 2: Important Notice
IMPORTANT NOTICE These presentation materials do not constitute or form part of any offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied upon in connection with any contract or commit
Slide 3: Introduction
INTRODUCTION An independent oil & gas company listed on LSE Main market with § established revenue streams from producing assets and subsidiary operations and § a strong balance sheet to support the pursuit of shareholders’ value via the acquisition of underpriced asset across Europe, Africa, Centra
Slide 4: Company Profile
COMPANY PROFILE UK § Registration of ultimate parent company § Listing on the Main market of LSE (£21.4 million1 market cap) Ukraine § 4 (+1) conventional licenses § Oil and gas production § Partnership with eni on a shale gas project § Gas trading activities § Provider of services to oil & gas comp
Slide 5: Highlights
HIGHLIGHTS § Established E&P operations: 4 on-shore licences2, with a combined area of approximately 562 km2 in the Carpathian basin. • 2016 net average production of 116 boepd • 3P Reserves of 7.9 Mboe and 2C contingent resources of 15.4 Mboe, at December 31, 2016 § A well funded company, with US$4
Slide 6: Our Strengths
OUR STRENGTHS § Strong balance sheet supporting drive to add value through acquisition of selected asset § Existing production from marginal fields, with additional uplift potential § Proven low cost, efficient operator with strong HSE record § High profile Board of Directors with international expe
Slide 7: Our Strategy
OUR STRATEGY q To reload and geographically diversify the portfolio Ø Reloading objectives § increase production to support long term financial position § pursue high impact undervalued exploration assets to drive value accretion Ø Search domains § asset type: on-shore, conventional § location: Afri
Slide 8: Our Assets
OUR ASSETS Western Ukraine § Bityanska license. Shallow and deep (Oligocene) exploration targets § Monastyretska license • 47 bopd of net oil production • Re-entered 2 old wells, tested at a combined 30 bopd. Sucker rod pumps to be installed in 2017 • Low risk resource upside § Debeslavetska and Che
Slide 9: Our Assets
OUR ASSETS North Italy (Po Valley) Milan Corzano Venice § 90% ownership of Exploenergy s.r.l. an company which has filed applications for Reno Centese two exploration licenses located in the prolific, gas prone, Po Valley: • close proximity to existing discoveries and infrastructure • two leads with
Slide 10: E&P's Volume KPIs
E&P’s VOLUME KPIs Reserves & Resources at December 31, 2016 (Million boe) Working Production (2016| 2c | Prospective Best) Fi nate Li eens Tyre Interest % boepd net) Estimate Monastyretska Oil 99.2 Nov. 2019 Debeslavetska Prod. Gas 99.2 Nov. 2026 Cheremkhivska Gas 54.2) May. 2018 Bitlyanska Gas & Co
Slide 11: Our Oil Services Business
OUR OIL SERVICES BUSINESS § Cadogan’s services business (Astro-service5 company) provides specialised services to oil & gas operators in Ukraine including: ‒ Well permitting and land allotment; ‒ Well site and road design and construction; ‒ Drilling, work-over and servicing; ‒ Facilities de-commiss
Slide 12: Our Oil Services Business
OUR OIL SERVICES BUSINESS § Wide range of subcontractor agreements in place and partnership networks with local contractors. § Owned yard and equipment § Partnering or agent agreement with international service providers. 12
Slide 13: Our Gas Trading Business
OUR GAS TRADING BUSINESS § Established a profitable gas trading business over the last 3 years and sold over 400 million m3 § Currently importing from Slovakia and Poland § 3 foreign and 18 local suppliers. Portfolio of 40 Ukrainian clients4 § 8th importer in Ukraine by volume in 2016 4 Statistics o
Slide 14: Our Board of Directors
OUR BOARD OF DIRECTORS Zev Furst – Chairman Gilbert Lehmann - Senior Independent NED See more See more Guido Michelotti - Chief Executive Officer Chicco Testa - Independent NED See more See more Michel Meeus - Non-Executive Director Adelmo Schenato – Non-Executive Director See more See more 14
Slide 15: Our Executive Management
OUR EXECUTIVE MANAGEMENT Andrey Belyi Guido Michelotti Taras Ivanysenko Cadogan Ukraine General Director Chief Executive Officer Group Director of Finance See more See more See more 15
Slide 16: Our Partners
OUR PARTNERS ~~ OT | +. SHAKESPEARE) 7 MARTINEAU TRAILS TONE ava ve ken ie
Slide 17: Corporate Overview
CORPORATE OVERVIEW Corporate Snapshot Top Shareholders Ticker CAD -LN Shareholder No. (M) % Outstanding Listing type LSE Standard Main Market SPQR Capital Holdings SA 67,298,498 29.12% Domicile UK P Salik Esq. 40,550,000 17.55% Shares in issue 231,091,734 M Meeus Esq. 26,000,000 11.25% Share Price 9
Slide 18: Summary
SUMMARY § A proven, low cost, efficient operator with a base of production and reserves on which to build growth § A well funded company, with US$40 million of net cash at 31 December 2016 § e&p revenue supplemented by subsidiary operations in gas trading and services ($ 1-2 million of combined year
Slide 19: Appendixes
APPENDIXES 19
Slide 20: Board of Directors
BOARD OF DIRECTORS Zev Furst - Chairman § Leading global business and communications strategist who has advised political leaders, foreign principals and corporate executives of Fortune 100 companies. § Chairman and CEO of First International Resources, an international corporate and political consu
Slide 21: Board of Directors
BOARD OF DIRECTORS Guido Michelotti - Chief Executive Officer Mr. Michelotti was appointed to the Board of Directors as Chief Executive Officer on 25 June 2015. An oil & gas executive with over 30 years’ of experience, he spent more than 10 years in senior executive roles with Eni, leading E&P compa
Slide 22: Board of Directors
BOARD OF DIRECTORS Gilbert Lehmann - Senior Independent NED § Adviser to the Executive Board of Areva, the French nuclear energy company, having previously been its Deputy CEO. § Former CFO and deputy CEO of Framatone, the predecessor to Areva, and was CFO of Sogee, part of the Rothschild Group. § C
Slide 23: Board of Directors
BOARD OF DIRECTORS Chicco Testa - Independent NED § Former Chairman of ACEA (the Rome electricity and water utility company) and Chairman of Enel S.p.A, the major Italian electricity supplier. § Prior experience in senior positions with Rothschild S.p.A.. § Currently Chairman of AIM listed Telit Com
Slide 24: Board of Directors
BOARD OF DIRECTORS Michel Meeus - Non-Executive Director § Currently acting as Chairman of Theolia, an independent international developer and operator of wind energy projects,. S § Since 2007, has been director within the Alcogroup SA Company § Prior experience with Chase Manhattan Bank in Brussels
Slide 25: Board of Directors
BOARD OF DIRECTORS Adelmo Schenato – Non-Executive Director Mr Schenato joined Cadogan in January 2012 after a 35 year career at Eni, where he served in senior global and regional positions. His global roles in Eni included among the others Well Operations Engineering and R&D Management, and Vice Pr
Slide 26: Members of Leadership Team
MEMBERS OF LEADERSHIP TEAM Andrey Belyi – General Director Mr. Belyi joined Cadogan in August 2011. In 2013, he was appointed Deputy Technical Director and General Manager of LLC AstroService, the Group’s local service company. In June 2016 he was appointed General Director of Cadogan Ukraine. Taras
Slide 27: Contact
CONTACT Cadogan Petroleum plc 48/50A Zhylyanska Street 01033 Kyiv, Ukraine +38 (044) 594 5870 info@cadoganpetroleum.com 27