Sound Energy plc · LSE:SOU
Sound Energy — Shareholder Meeting (June 2022)
20 slides from Sound Energy's shareholder meeting presentation, Jun 28, 2022
Slide 1: Stakeholder Presentations
STAKEHOLDER PRESENTATIONS 20 St Dunstan’s Hill, London 28 June 2022
Slide 2: A Sustainable Business Model with ESG at its Core
A SUSTAINABLE BUSINESS MODEL WITH ESG AT ITS CORE EXPLORATION DEVELOPMENT ENVIRONMENT SOCIAL GOVERNANCE STAKEHOLDER FINANCE ENGAGEMENT Q&A
Slide 3: Fuelling the Energy Transition: Exploration
FUELLING THE ENERGY TRANSITION EXPLORATION 28 June 2022
Slide 4: Further Gas Exploration: Significant Potential for Scalable Growth
FURTHER GAS EXPLORATION: Significant potential for scalable growth 50 KM Planned Tendrara Gas Export Pipeline Gas Discovery ANOUAL TAG I Feature Palaeozoic Feature Gas Pipeline Route Licenced Areas M5 TE-5 Horst TE-4 Horst SBK-1 GREATER TENDRARA 50 KM SIDI MOKTAR Gas pipeline • Largest onshore permi
Slide 5: Greater Tendrara & Anoual Subsurface
GREATER TENDRARA & ANOUAL SUBSURFACE • Sub-salt seismic imaging improved by • Numerous Triassic (TAGI reservoir) fault blocks 2017/18 Sound Energy geophysical surveys remain undrilled beneath the extensive salt seal Seismic cross section image Seismic interpretation Slide Subsurface model 2 Salt sea
Slide 6: Greater Tendrara Permit: Appraisal of TE-4
GREATER TENDRARA PERMIT: Appraisal of TE-4 TE-7 TE-6 TE-5 TE-5 Horst TE-4 Horst TE-4 SBK-1 • Simple structure, fault block partially investigated by the TE-4 well drilled in 2016. • New seismic imaging demonstrates the TE-4 well Slide location was suboptimal 3 • Drill on the crest, objective to loca
Slide 7: Greater Tendrara Permit: Appraisal of SBK-1
GREATER TENDRARA PERMIT: Appraisal of SBK-1 Seismic interpretation Appraisal location SBK-1 SBK-1 Fault TE-5 Horst TE-4 Horst SBK-1 The anticlinal closure of the salt is a prominent feature on geological maps 5 kms and satellite imagery of the region • Faulted anticline, drilled by SBK-1 (2000). • T
Slide 8: Sidi Moktar Permit: Seismic to Mature Leads into Drillable Prospects
SIDI MOKTAR PERMIT: Seismic to mature leads into drillable prospects 50 KM Seismic cross section image SIDI MOKTAR Gas pipeline to Phosphate Plant (OCP) Seismic interpretation Meskala Gas Field • Adjacent to the Meskala Gas Field, produces gas from a sub-salt Triassic TAGI reservoir Slide • Deeper s
Slide 9: Exploration Summary
EXPLORATION SUMMARY FARM OUT A POSTION IN EXPLORATION PERMITS TO FUND OUR INFRASTRUCTURE-LED DRILLING AND SEISMIC PROGRAMMES GREATER TENDRARA & ANOUAL DRILLING Drilling campaign targeting 3 opportunities in a proven gas basin Commercialisation through developing infrastructure centred on the TE-5 Ho
Slide 10: Fuelling the Energy Transition: Developments
FUELLING THE ENERGY TRANSITION DEVELOPMENTS 28 June 2022
Slide 11: Tendrara Phase 1 mLNG: Significant Potential for Scalable Growth
TENDRARA PHASE 1 mLNG: Significant potential for scalable growth ACTIVITIES COMPLETED: • Italfluid mLNG Plant Contract. • Engineering being progressed in-house and with major vendors • Purchase Orders placed for major equipment packages • Site construction activities commenced • Site preparation wor
Slide 12: Tendrara Phase 1 mLNG: Site Preparation
TENDRARA PHASE 1 mLNG Site Preparation – Start March 2022 After 1 week Slide 2 Developments Summary After 1 month Video above press play
Slide 13: Tendrara Phase 1 mLNG: Plant Area Complete
TENDRARA PHASE 1 mLNG mLNG Plant Area complete Excavation Works – Evaporation Pit complete With geomembrane installed Slide 3 Developments Summary
Slide 14: Tendrara Phase 1 mLNG: Storage Tank Foundation
TENDRARA PHASE 1 mLNG LNG Storage Tank Foundation Excavation Preparing to excavate compressor Slide package foundations 4 Developments Summary
Slide 15: Tendrara Phase 1 mLNG: Activities
TENDRARA PHASE 1 mLNG ACTIVITIES COMPLETED: • Reservoir Model update complete • Access Road Repair complete • Flow Assurance Study complete ONGOING ACTIVITIES • Wellhead Inspection & Servicing tool fabrication • Flowlines Concept Selection & Preliminary Engineering • Owners Engineering Support Slide
Slide 16: Tendrara Phase 2 CPF and Pipeline
TENDRARA PHASE 2 CPF AND PIPELINE • Morocco currently has no access to gas to fuel its domestic industry and the power production sector • Tendrara Phase 2 Project presents a solution to this issue CURRENT STATUS • Pipeline Right Of Way lease arrangements being progressed • Ongoing discussions with
Slide 17: Fuelling the Energy Transition: Finance
FUELLING THE ENERGY TRANSITION FINANCE 28 June 2022
Slide 18: Financial Principles and Priorities
FINANCIAL PRINCIPLES AND PRIORITIES “Steadying the ship, upping anchor and moving forward” CAPTIAL DISCIPLINE VALUE STRATEGY ACCESS Instil cost discipline Value generated & Strategic reset in Shaping our debt as embedded in our returned to shareholders 2020 – business obligations within cultural res
Slide 19: Phase 2 Financing: We Have a Track Record
PHASE 2 FINANCING “Good progress is being made” PROJECTS OF THIS MAGNITUDE REQUIRE INNOVATIVE SOLUTIONS TO FUND Appointment of senior debt lead arranger Attractive terms to underpin 75% of gross funding requirement Currently at DD phase to further refine terms WE HAVE A We are positioned and funded
Slide 20: Questions
A as ENERGY nc i QUESTIONS i