United Oil & Gas Plc · LSE:UOG
United Oil & Gas — Investor Presentation (October 2018)
20 slides from United Oil & Gas's investor presentation, October 2018
Slide 1: Corporate Presentation
Corporate Presentation October 2018 www.uogplc.com LON:UOG
Slide 2: Disclaimer
Disclaimer The Presentation is being supplied to you solely for your information. The Presentation has been prepared by, and is the sole responsibility of, United Oil & Gas Plc (the “Company”, “UOG”, “United”, or “United Oil & Gas”). The directors of the Company have taken all reasonable care to ens
Slide 3: Overview
Overview London Stock Exchange listed oil and gas exploration and development company Multi-stage portfolio of low- Near and medium term High-impact news flow set risk European development production opportunities to unlock untapped value and appraisal assets and delivering significant of existing a
Slide 4: Management
Management Entrepreneurial management team with strong technical discipline and established links to industry Brian Larkin | Chief Executive Officer Jonathan Leather | Chief Operating Officer Brian is the founding director of United Oil and Gas Jonathan has over 18 years experience in the oil indust
Slide 5: Company History
Company History APRIL 2015 ▪ United Oil & Gas established 2016 AUGUST ▪ Acquired PL090 licence, onshore UK MARCH 2017 ▪ Farm-in agreed on the Podere Gallina licence, 2017 JULY onshore Italy ▪ Admission to the London Stock Exchange’s Main NOVEMBER 2017 Market via RTO with Senterra Energy Plc | Comple
Slide 6: Strategy
Strategy Utilise the team’s experience to build a balanced portfolio of assets with the potential to significantly increase shareholder value Europe: Create value through active management of a portfolio of production, development and low-risk exploration/appraisal assets Caribbean, Latin America an
Slide 7: The Oil & Gas Lifecycle: Our Assets
The Oil & Gas Lifecycle: Our Assets EXPLORATION ▪ Jamaica ▪ PL090 ▪ Acle PRODUCTION APPRAISAL / DISCOVERY ▪ Selva (2019) ▪ Crown ▪ Colter DEVELOPMENT ▪ East Selva ▪ Waddock Cross 6 United Oil & Gas Plc – Corporate Presentation – October 2018
Slide 8: Current Portfolio Overview
Current Portfolio Overview Significant progress made in last twelve months to assemble a portfolio of low-risk European development and appraisal assets and a high-impact exploration project in Jamaica Multiple near-term value-drivers focused on production UK CNS: development, appraisal drilling, an
Slide 9: Italy: Podere Gallina Licence
Italy: Podere Gallina Licence Successfully drilled in Dec 2017, the Podere Maiar-1 well encountered gas in clearly commercial volumes LOCATION MAP ▪ Targeted an updip area of the Selva Field Monestirolo Field 0.7Bcf Produced ▪ 41m net gas pay encountered in excellent quality reservoirs of the Plioce
Slide 10: Italy: Podere Gallina Licence Exploration Opportunities and 3D Acquisition
Italy: Podere Gallina Licence Exploration Opportunities and 3D Acquisition Material exploration opportunities on Podere Gallina derisked by PM-1 well East Selva Prospect Proposed ▪ Same play trend as Minerbio and Selva Production Concession Outline ▪ Unrisked base-case recoverable resources of 986MS
Slide 11: UK Wessex Basin: Colter (Licence P1918)
UK Wessex Basin: Colter (Licence P1918) Four licences in the Wessex Basin - an area of strategic interest for UOG containing Europe’s largest onshore oil field (Wytch Farm), which has to date produced over 450mmbbls Colter (Licence P1918; 10% equity) WESSEX BASIN LOCATION MAP ▪ Well planned for Q4 2
Slide 12: UK Wessex Basin: Waddock Cross (PL090) and Exploration Upside
UK Wessex Basin: Waddock Cross (PL090) and Exploration Upside Waddock Cross (Licence PL090; 26.25% equity) WADDOCK CROSS FIELD ▪ Shallow field (~600m subsurface) ▪ Large in-place volume of oil (29 million barrels gross) ▪ In production 2013/14 – shut-in following disappointing oil rates due to highe
Slide 13: UK North Sea Crown (30th Licensing Round Award)
UK North Sea Crown (30th Licensing Round Award) Awarded Blocks 15/18d and 15/19b (Crown Discovery, Licence P2366) in the 30th Licensing Round UK North Sea ▪ Mature area - historic discoveries and low- risk prospects that can quickly be hooked into existing infrastructure on success Crown (Licence P2
Slide 14: UK North Sea Acle (P2264)
UK North Sea Acle (P2264) Option to take 24% of the low-risk Acle prospect in Block 49/29c of the UK Southern North Sea. Acle (Licence P2264) ▪ A clear 2.5km2 4-way dip closure, with North Davy further fault-bounded upside ▪ Targeted reservoir is in the prolific Permian Rotliegend ▪ Structure is in
Slide 15: Walton-Morant Licence, Jamaica
Walton-Morant Licence, Jamaica High-risk / high-reward frontier basin offshore Jamaica offering huge re-rating potential LOCATION MAP ▪ Farm-in completed for 20% equity in the Tullow- operated 32,000km2 Walton-Morant Licence, offshore Jamaica ▪ Potentially transformational opportunity - complements
Slide 16: Walton-Morant Licence, Jamaica
Walton-Morant Licence, Jamaica ▪ Acquisition of 2,250km2 3D seismic focused on the Colibri prospect completed in May 2018 ▪ Acquired ahead of schedule, US$600k under- budget, and with minimal downtime - leading to excellent survey coverage ▪ Data is currently being processed and interpreted ahead of
Slide 17: Operational Highlights and Forward Programme: Activity & High Impact News Flow
Operational Highlights and Forward Programme: Activity & High Impact News Flow OPERATIONAL HIGHLIGHTS ✓ Successful drilling in Italy ✓ Acquisition of Jamaica’s first 3D seismic survey ✓ Addition of five new licences to the UOG portfolio ✓ Award of Blocks 15/18d and 15/19b in the UK 30th Round Q4 201
Slide 18: Investment Case
Investment Case Low-risk European portfolio of development and appraisal / exploration assets underpins a parallel high-impact growth strategy in the Caribbean / South America / Africa Strategy focused on value creation: acquisition of assets where near-term activity unlocks untapped value 2018/19 v
Slide 19: Contacts
Contacts United Oil & Gas Optiva Securities Tel: +44 207 539 7272 Broker Tel: +44 203 137 1902 Kerman & Co LLP Company Solicitors Tel: +44 207 539 7272 Murray Consultants Public Relations Tel: +353 87 6909735 St Brides Partners Financial PR/IR Tel: +44 207 236 1177 18 United Oil & Gas Plc – Corporat
Slide 20: www.uogplc.com
UNITED OIL & GAS www.uogplc.com
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