Slide 1: UK Onshore Oil & Gas
UK ONSHORE OIL & GAS • DEVELOPMENT • CONVENTIONAL PRODUCTION • MANAGEMENT I N V E S TO R P R E S E N TAT I O N – 2 7 J u n e
Slide 2: Disclaimer
D I SC LAI M ER 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
Slide 3: Management & Board
M ANAG EM ENT & BO AR D Insert Pic Jonathan Tidswell-Pretorius Insert Pic Rob Shepherd Executive Chairman Non-Executive Director Insert Pic Paul Vonk Chris de Goey Insert Pic Managing Director Non-Executive Director Insert Pic Carlos Fernandes Cameron Buchanan Insert Pic Chief Financial Officer Non-
Slide 4: Assets: Southern England
ASSETS: SO UTH ER N ENG LAND Brockham Oil Field Holmwood License PL 235 PEDL 143 (production license) (exploration license) Lidsey Oil Field PL 241 (production license) I N V E S TO R P R E S E N TAT I O N 4
Slide 5: Production Assets
P R O D UC TI O N ASSETS Brockham Oil Field Lidsey Oil Field Majority Investor Majority Investor + + Operator Operator Partners Partners Terrain Energy (10%) Terrain Energy (10%) Doriemus (10%) Doriemus (20%) Alba (5%) Brockham Capital (10%) Brockham Capital (10%) Production Production Estimated>300
Slide 6: Angus Energy Assets
ANG US ENER G Y ASSETS Exploration>Appraisal Holmwood License PEDL 143 Operator: EOG 12.5% License Interest Adjacent to Brockham Production Field Same Portland Sandstone and Kimmeridge Limestone layers I N V E S TO R P R E S E N TAT I O N 6 4
Slide 7: Strategy
STR ATEG Y Increase Production and Recovery from Existing Assets Grow Portfolio Through Select Onshore Development and Appraisal Projects Operational and Management Control of the Entire O&G Process I N V E S TO R P R E S E N TAT I O N 7 6
Slide 8: BR-X4Z Drilled January 2017
BR-X4Z D R I LLED JANUARY 2017 Focus First commercial Kimmeridge production I N V E S TO R P R E S E N TAT I O N 8
Slide 9: 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 385m TVD Gross Kimmeridge Shale High TOCs and Gas Readings Same Maturity as Horse Hill 3 Thick Sections of Naturally Fractured Limestones Total of ~200m Interbedded Naturally Fractured Shale and Limestone Layers I N V E S TO R P R E
Slide 10: Strong Fracture Identification
STR O NG F R AC TUR E I D ENTI F I C ATI O N Interbedded shale and limestone bands showing abundant naturally occurring fractures Fractures I N V E S TO R P R E S E N TAT I O N 10
Slide 11: Brockham Summary
BR O C KH A M S U M M ARY Brockham is a production field under production license PL235 Planning permission for the drilling of up to six wells Currently three well bores to surface Low field of OPEX (P50 first 3yr avg. of $20.4/bbl, based on Portland sandstone, Kimmeridge will be lower) F
Slide 12: New Well Planned at Lidsey
NEW WELL P LANNED AT LI D SEY 400 New well will target the producing Great Oolite 350 reservoir which has low 300 geological risk 250 Angus will benefit from (bopd) 200 reduced unit costs of production due to existing 150 facilities and infrastructure 100 Ability to enhance 50 production using
Slide 13: Shareholder Alignment
SH AR EH O LD ER ALI G NM ENT 19.43% 44.48% 16.87% 12.81% 6.41% Knowe Properties Limited Jonathan Tidswell-Pretorius (D) JDA Consulting Limited Paul Vonk (D) Shares in public hands I N V E S TO R P R E S E N TAT I O N 13 `
Slide 14: Investment Case
I NVESTM ENT C ASE Established Low Cost Producer >Onshore focused UK Proven Track Record for Delivery qualified operator >Ongoing production >Experienced and respected from two fields management UPSIDE POTENTIAL >Low OpEx on both >Re-established production at > Operations offer fields Lidsey and Bro
Slide 15: Thank You
Thank Yo u Paul Vonk Managing Director Angus Energy Plc www.angusenergy.co.uk T: 020 8899 6380 I N V E S TO R P R E S E N TAT I O N 15