Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — Shareholder Meeting (June 2026)
26 slides from Europa Oil & Gas (holdings)'s shareholder meeting presentation, Jun 29, 2026
Slide 1: Europa Oil & Gas Annual General Meeting
Europa Oil & Gas Annual General Meeting 29 June 2026 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
Slide 2: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION The informati
Slide 3: Building a portfolio of assets with near-term growth catalysts
Building a portfolio of assets that offer exposure to material near-term growth catalysts whilst managing capex/G&A in considered fashion Ireland - 1.5 TCF ILX Assets throughout the E&P cycle with significant upside and multiple near term catalysts 1) ILX gas exploration - UK 137 BCF appraisal • Off
Slide 4: Financial Results: 17 months to 31 December 2025
Financial Results: 17 months to 31 December 2025 versus 12 months to 31 July 2024 • Revenue £3.9 million (12 months to 31 July 2024: £3.6 million) • Gross profit of £0.3 million (12 months to 31 July 2024: £0.3 million) • Administrative expenses of £2.4 million (12 months to 31 July 2024: £1.9 milli
Slide 5: Operational Highlights
Operational Highlights Equatorial Guinea – EG08 • In December 2025 signed a binding Farm-out Agreement (“FOA”) with Fuhai • Fuhai fund 95% of the Barracuda well, which targets the 893 BCF Barracuda prospect • Post-deal ownership: Antler 40% (Operator), Fuhai 40%, GEPetrol 20%, resulting in a net att
Slide 6: Operational Highlights - Cont
Operational Highlights - Cont Onshore UK • Wressle produced an average 281 bopd (Europa's net share: 84 bopd) • Development plans include a new well targeting the Penistone Flags reservoir and a gas monetisation solution • A five-year extension to the DL003 licence at West Firsby was secured in Nove
Slide 7: Equatorial Guinea – Low Risk High Impact Exploration
Equatorial Guinea – Low Risk High Impact Exploration • EOG has a 42.9% interest in Antler Global Limited • EG-08 has 3x ILX prospects with 1,492 BCF (Pmean) and a total of 2,213 BCF (Pmean) of prospectively on the block • Antler will retain operator, fully aligned with Fuhai to drill quickly • Barra
Slide 8: Farm Out Agreement – Fuhai Group
Farm Out Agreement – Fuhai Group • Fuhai acquires 40% working interest in the EG08 PSC: • Antler 40% (operator), Fuhai 40%, GE Petrol 20% • Fuhai shall fund 95% of the total cost for drilling and testing the Barracuda prospect: US$53 million • Antler funds 5% www.fuhaikonggu.com • Any cost overruns
Slide 9: The Fuhai Group
The Fuhai Group Fuhai Group 2025 Financials • The Fuhai Group is a large-scale energy and Revenue – US$14.1 Billion chemical conglomerate that integrates refineries, Net Profit – US$361 Million petrochemicals, clean energy and logistics • It has been rated in the top 500 enterprises in China for
Slide 10: 7 from 8 exploration wells have been commercial discoveries
7 from 8 exploration wells have been commercial discoveries • Since 2007, 7 out of 8 exploration wells resulted in commercial discoveries based on AVO response • Further 13 wells successfully placed on AVO anomalies • COS = 95% based on wells placed on AVO anomalies • Very high flow rates on test Li
Slide 11: O2 Well
O2 Well 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. It can be interpreted that the Free Water Level is at 2884m TVDSS 2. Samples of gas/gas condensate were recovered by wireline (RCI) at the top of the sand 3. Poro
Slide 12: Volumetrics & Risk to Commercialisation
Volumetrics & Risk to Commercialisation Gross to Europa Unrisked Net to Europa Unrisked Prospective Recoverable Prospective Recoverable Operator GCOS Total Pmean mid-case Resources (BCFE) Resources (BCFE) Prospects (BCFE) P90 Pmean P10 P90 Pmean P10 Prospective Resource Barracuda (Geological) Cardin
Slide 13: Barracuda Value Proposition
Barracuda Value Proposition Source: Europa Internal Analysis • The Barracuda well could • If the pressure data from the well demonstrate Gas Down To proves that it is connected to the O2 (“GDT”) of 2808m, which well it would demonstrate the ~P10 would prove 679 BCFe of volume of 1.6 TCFe of reserves
Slide 14: Barracuda Field - DCF Value of $1,823 million
Barracuda Field - DCF Value of $1,823 million • The development of the Barracuda field has been valued useing discounted cashflow method • The minimum economic field size is 96bcf (16 million Barrels) • Various development scenarios have been considered for the different potential field size of Barr
Slide 15: Gas Monetisation – Simple Development Concept
Gas Monetisation – Simple Development Concept • 4 production wells required to drain the Barracuda Pmean resource • There are a number of development options, including: 1. Tie Back to Alen: • Subsea completion & 9km tie-back to Alen platform • Condensate is separated on the Alen platform and piped
Slide 16: EG-08 Summary
EG-08 Summary • High quality, low risk and high reward gas ILX opportunity • Fuhai deal closed, CP’s expected by end July 2026. Fully funded to drill & test • Prospects are straight forward to drill (no salt or overpressure). Approximately 2,800m of sediment to drill and in shallow water (jack-up ri
Slide 17: Ireland Overview
Ireland Overview • FEL 4/19 is operated by Europa Oil and Gas with 100% equity • Large Corrib lookalike structure: Inishkea West • A third of Ireland’s overall energy needs, and over half its electricity, comes from natural gas (Source: www.gov.ie) • Ireland highly reliant on imported gas • Corrib p
Slide 18: Ireland Summary
Ireland Summary • Europa Oil & Gas has a 100% operated interest • PSC licence extension to 31 Jan 2028 • Europa is seeking a carry for the drilling of the Inishkea West prospect plus back-costs • One main prospect considered low-risk within the same world-class Triassic gas play as the Corrib and Mo
Slide 19: Onshore Production – Key Cash Generator
Onshore Production – Key Cash Generator Cloughton • Wressle has one of the highest production rates in the UK PEDL343 onshore • Targeting two development wells spudding in 20271, Crosby Warren potential to materially increase production DL001 • Wressle gas solution and subsequent additional revenues
Slide 20: Cloughton – PEDL 343
Cloughton – PEDL 343 • Discovered in 1986, flowed up to 28,000 scf/d • Carboniferous sandstones with excellent salt seal Well Site • Simple 4-way anticline • Single well flow potential is 6 mmscf/d1 • GIIP Pmean 137 bcf1 • Permitting application rejected – considering appeal options • Environmental
Slide 21: Cloughton 2 – Well Objective
Cloughton 2 – Well Objective • Cloughton-2 will be a directional well (1.6km step out) • Penetrate the Carboniferous target, formation evaluation Well Head through wireline logging and coring Downhole • Suspend well for future Location re-entry and production • Cloughton-1 well core is 100% net sand
Slide 22: Cloughton Development
Cloughton Development • Strategically important for the country - Cloughton would be Cloughton-2 the largest onshore gas field in the UK • Development from a single site, which would be out of sight • Growing political support given forecasts predict 70% of demand will be met with imports by 2030 •
Slide 23: Wressle: Further Development
Crosby Wressle: Further Development Warren-1 PEDL 182 Broughton North Prospect2 Crosby Warren East Penistone Flags – 0.3mmbbls 0 km 2 Ashover Grit – 0.3mmbbls Broughton North Wressle-1 Pad Europa 100% W-C Wressle Development Plan Bottom Hole Location Broughton-1 Egdon 30% - W1 well continues to Euro
Slide 24: Wressle Development
Wressle Development • Drill two new production wells, drilled back to back • First well to target Penistone Flags • Gas exported to local gas network 600m from site • Existing site to be extended 50m • Install gas processing equipment • Planning approval meeting expected Q3 2026 • Site upgrade will
Slide 25: New Ventures
New Ventures • Value driven • Target the best deals for EOG Opportunity cost in both staff time (G&A) and EOG financial resources • New opportunities measured against: Strategic fit to EOG portfolio Match to EOG core skillset Materiality – significantly move EOG valuation Risk – acceptable
Slide 26: Thank You
Thank You EG LNG Offloading Jetty www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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