Rockhopper Exploration Plc · LSE:RKH
Rockhopper Exploration — Shareholder Meeting (May 2016)
10 slides from Rockhopper Exploration's shareholder meeting presentation, May 17, 2016
Slide 1: Annual General Meeting: Building a well-funded, full-cycle, exploration led E&P company
Annual General Meeting Building a well-funded, full-cycle, exploration led E&P company 17 May 2016
Slide 2: Greater Mediterranean Business
Greater Mediterranean Business … a strong platform for growth, production and revenues increased Italy Revenue Growth 7 6 Revenue US$MM 5 4 3 2 1 0 2014 2015 2016 Italy Produc'on Growth 700 600 Produc'on boe/d 500 400 300 200 100 0 2014 2015 2016 2
Slide 3: Growing our Asset Base in 2016
Growing our Asset Base in 2016 … Acquisition of Beach Egypt materially increases revenue & barrels Greater Med Revenue 16 14 Revenue US$MM 12 10 8 Egypt 6 Italy 4 2 0 2014 2015 2016 Greater$Med$Produc+on$$ 1400" Net$Produc+on$boe/d$ 1200" 1000" 800" Egypt"" 600" 400" Italy"" 200" 0" 2015" 2016" Egyp
Slide 4: Growing our Asset Base in the Falklands
Growing our Asset Base in the Falklands …through exploration and acquisition NFB Resource Growth 500 RKH Net Resources 2C Resources MMboe 400 Doubled 300 Gas 200 Oil 100 0 2015 2016 50% of the Sea Lion Rockhopper Operator Complex Resources PL032/33 40% Premier PL003a 95.5% Rockhopper PL003b 60.5% Ro
Slide 5: Contingent Net Oil Resources >300 MMstb
Contingent Net Oil Resources >300 MMstb Management Resources u2lised 25% RF (Best) 35% RF (High) against ERCE audited STOIIP values Not included in ERCE 2016 Audit : 5 Johnson 2C – 64.6 MMboe (GCA 2012) Liz 2C – 60.5 MMboe (Senergy 2012)
Slide 6: Significant low risk, near field drill ready prospects
Significant low risk, near field …drill ready prospects Notes : Drill target number for reference only – no ranking implied, all prospec2ve numbers unrisked Prospects not included in ERCE 2016 Audit (Gross Best): 6 GCA 2012 Audit 212MMstb George, Berkeley & S2 Senergy 2012 Audit 194MMstb Ann/ Orca S
Slide 7: Securing multiple development phases
Securing multiple development phases … successful exploration campaign establishes phase 2 & 3 viability Phase 1 Sea Lion Complex Phase 2 “CollaboraLve partnership” Subsea FPSO InstallaLon Isobel-Elaine Complex Resource RKH WI % Phase 3 (MMstb) Subsea Risers Prod’n System Phase 1 220 40% Phase 2 300
Slide 8: Funding Update
Funding Update • Cash at 31 December 2015 : $110 MM • Es2mated revenue of c.$12 MM in 2016* • Forecast capital expenditure in 2016 comprises • Sea Lion FEED : $20 MM • Beach Egypt acquisi2on : c.$10 MM (before working capital, expected to close mid 2016) • Minimal expenditure on Falkland Island expl
Slide 9: 2015-2016 the building blocks of growth
2015-2016 the building blocks of growth ü > Doubled Resources ü > Doubled Reserves ü > Doubled Revenues ü > Doubled Produc2on ü Decreased Group G&A Egypt revenue assumes comple2on mid-year 2016 (half year revenue) Revenue es2mates for 2016 assume $50/stb and €0.20/scm 9
Slide 10: Proud to be Rockhopper
Proud to be Rockhopper 6 ROCKHOPPER EXPLORATION PLC
Rockhopper Exploration — Shareholder Meeting (May 2016) on 6ix