Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — BEOS 2024
21 slides from Europa Oil & Gas (holdings)'s conference presentation, Mar 27, 2024
Slide 1: Infrastructure Led Gas Exploration in Equatorial Guinea & Ireland
Infrastructure Led Gas Exploration in Equatorial Guinea & Ireland, helping supply much needed gas to the European market. Block FEL 4/19 in Ireland and EG-08 in Equatorial Guinea By Jamie White Europa Oil and Gas
Slide 2: Ireland Overview – Government & Key Players
Ireland Overview – Government & Key Players • FEL 4/19 is operated by Europa Oil and Gas with 100% equity. • 1 Large Corrib Lookalike structure called Inishkea West. • Currently almost one third of Ireland’s overall energy needs, and over half its electricity, comes from natural gas (Source: www.gov
Slide 3: Inishkea & Inishkea West
Inishkea & Inishkea West • Play • Both prospects considered low/moderate risk within the same world class Triassic Inishkea West gas play as the Corrib and Morecambe Bay gas fields • Triassic Sandstone reservoir, gas charged Inishkea by Carboniferous coals, sealed by Triassic halite Corrib North • I
Slide 4: Geoseismic Line from Inishkea West to Corrib
Geoseismic Line from Inishkea West to Corrib A A’ A’ Offset from crest
Slide 5: 3D Seismic Data what has changed……
3D Seismic Data what has changed…… • Extensive Seismic Database • 5000km of regional 2D seismic and two 3D seismic surveys (1997 & 2002) • OBC data over Corrib (2013) • 2018 Kirchhoff PSDM of 1997 and 2002 surveys • 2023 reprocessing carried out by DUG. Update to velocity field with D-FWI, advanced
Slide 6: Basin Modelling
Basin Modelling Inishkea Corrib West North Inishkea Corrib Carboniferous Transformation Carboniferous Gas volumes Spider Plot on the Corrib Ratio at 130MA expelled at 130MA Sandstone at 130 MA Full 1D and 3D Basin Model Carried out Areas in dark green/red are expelling large volumes of gas. Large am
Slide 7: Seismic Line through the prospects & volumetrics
Seismic Line through the prospects & volumetrics Inishkea West Inishkea W E Top Corrib Sandstone Depth (m) 2024 Upper Jurassic & Cretaceous Middle – Lower Jurassic Lower Jurassic: Broadford Beds Upper Triassic: Mercia Mudstone & Halite Triassic: Corrib Sandstone Permian: Zechstein 1 6 DEPTH (m) 3 2
Slide 8: Ireland Summary
Ireland Summary • Europa Oil & Gas has a 100% operated interest in FEL 4/19 with a material position available • Europa is seeking a carry on the drilling of the Inishkea West prospects plus back-costs • One main prospect considered low-risk within the same world-class Triassic gas play as the Corri
Slide 9: Equatorial Guinea Block EG-08
Equatorial Guinea Block EG-08 AVO led exploration adjacent to a producing host.
Slide 10: Equatorial Guinea EG-08
Pesca | _ BEQS: Equatorial Guinea EG-08 Alba Gas Field Marathon Operated Gas Terminal and LNG Plant > - Zafiro Oil Field A ell i EG-12 Block EG-08 abs ~— ay (4 it ; ¥ Biker v2 E07 £6.08 EG-11 “= fr. io Biok I En ‘él lar , ‘ASeng\e| — EG-25, K\: a =e » \\ |chevron’s Block! z \|O &I with Alen poe » ia
Slide 11: Local Area Wells
Local Area Wells 8m oil pay 1 0-1 – 26 MMSCF/D & 1270 BCPD 5 I-4 – 29 MMSCF/D & 1634 BCPD 2 0-3 – 30 MMSCF/D & 1540 BCPD 6 I-5 – 6250 BOPD & 5.4 MMSCFD Sapele 3 I-1 – 34 MMSCF/D & 1088 BCPD 7 0-7 – 2650 BOPD & 4.7 MMSCFD Prospect A 4 I-4 – 36 MMSCF/D & 331 BCPD 8 I-8 – 7300 BOPD EWT Alen 7 1 Felicit
Slide 12: Petroleum System
Petroleum System Miocene Point Sourced Channel Systems seen on Paleoscan Data
Slide 13: 0-2 Well
Pressure Data 0-2 Well 1. 4. 1. 4. 3. 2. 1. Wireline Pressure data indicate a short gas column in the upper 6m of the sand but the remainder of the sand is water bearing. Assuming gas properties to the 0-1 Belinda sand then a FWL at 2884.1 m TVDSS is noted. 2. Samples of gas/gas condensate were reco
Slide 14: Paleoscan Analysis
Paleoscan Analysis Prospect A Spectral 0 5 Decomposition Km Prospect A RMS Prospect A F-NXF Prospect B Spectral Decomposition 0 5 Km 0 5 Km Prospect B F-NXF Prospect C Gas Prospectivity
Slide 15: Equatorial Guinea Prospect A Nears vs Fars
Equatorial Guinea Prospect A Nears vs Fars Discovery to the south of EG-08. Believed to be Diega Nears vs Fars Prospect A NEARS +-20m MIN AMP Nears RANGE:0-22000 Fars FARS +-20m MIN AMP Zuo et al. Multiple Seismic Attributes Quantitative RANGE:0-22000 Analysis to Detect Hydrocarbon in Deepwater Sedi
Slide 16: Prospect A
Clear Structural Nose implying compactional drape over sand body Prospect A Well O-2, well developed sand, note GR, condensate shows defines down dip extent of Prospect A NE W E Gas Cloud Weakens Attribute SW NE GWC 2884 m TVDSS? SW Fars Brightening over structure. Dimming over flanks. Prospect A Pr
Slide 17: B & C Prospect
B & C Prospect Prospect C C Prospect B Prospect
Slide 18: Volumetrics
Volumetrics In block to south 21/22 wells drilled on AVO anomalies found hydrocarbons. The COS for each prospect is assessed to be 70%. The overall GCOS (the probability of at least one of the prospects works) is 97%. Mean Summed MMBOE (3 prospects) = 126 MMBOE. 91% ECOS for the three prospects assu
Slide 19: Additional Prospectivity
Additional Prospectivity • Paleoscan Analysis has revealed extra prospectivity in the shallow Pliocene section and in the Cretaceous Section. • These sections contain oil Pliocene Gas Prospectivity and gas in adjoining discoveries in Cameroon. • Small additional satellites to top 3 prospects identif
Slide 20: EG-08 Summary
EG-08 Summary • Opportunity to enter a PSC 80% operated by Antler Global (state company GEPetrol owns 20%). (EOG own 43% of Antler Global) • Initial costs cover licencing of the 3D data, signature bonus, annual training fee and work program. • Cheap drilling in shallow water – 80m water depth, no ov
Slide 21: Any Questions?
Any Questions? Please some and see us at Booth 43 Please contact Jamie White at jamie.white@europaoil.com or 07766 818073