Empyrean Energy Plc · LSE:EME
Empyrean Energy — Shareholder Meeting (September 2021)
16 slides from Empyrean Energy's shareholder meeting presentation, Sep 23, 2021
Slide 1: Annual General Meeting, 23 September 2021
Sacramento Basin Project California Block 29/11 China ANNUAL GENERAL MEETING, 23 SEPTEMBER 2021 Duyung PSC Indonesia
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements and information that both represents management's current expectations concerning future events and are subject to known and unknown risks and uncertainties. A number of factors could cause actual results, performanc
Slide 3: Introduction and Milestones
Introduction and Milestones EMPYREAN ENERGY PLC | AGM 2021 3
Slide 4: Company Overview
Company Overview AIM quoted company focused on delivering value for shareholders through successful exploration Unique asset base in Southeast Asia – fully appraised large gas field in Indonesia coupled with very high impact oil exploration prospect to be drilled in China Dec 2021 Experienced
Slide 5: Why invest in Empyrean?
Why invest in Empyrean? Empyrean team has a proven track-record with several hydrocarbon discoveries A proven track-record of returning capital to shareholders Immediate opportunity to invest in a dynamic upstream oil and gas company with a very high impact oil exploration prospect to be drill
Slide 6: The Past Year - Delivering on Our Objectives
The PAST YEAR- DELIVERING ON OUR OBJECTIVES Block 29/11, China Integrated Drilling Contract (IDC) awarded to China Offshore Service Limited (COSL) Jade Prospect with Well site survey planned to be acquired in October 2021 transformational potential drilling imminent Spud well between 15 Decemb
Slide 7: Portfolio Overview
Portfolio Overview EMPYREAN ENERGY PLC | AGM 2021 7
Slide 8: Transformational value proposition
Block 29/11, China Transformational value proposition Jade Prospect, Block 29/11 EMPYREAN ENERGY PLC | AGM 2021 8
Slide 9: Drilling of Jade prospect imminent
Block 29/11 China (100%WI in exploration- 49% WI post commercial discovery): Drilling of Jade prospect imminent NH8 Semi Submersible Rig Integrated Drilling Contract (IDC) awarded to China Offshore Service Limited (COSL) Well design finalised Long lead items and logistics currently being manag
Slide 10: Jade Prospect Summary
Jade Prospect Summary 25 days drilling time to reach Total Depth and 12 days well testing operations Prospect Name: Jade Permit:: Block 29/11 Region Offshore China Basin Pearl River Mouth Play Type Carbonate Build-up Objective Zhujiang T50 Reservoir Target mTVDSS 2340 Water Depth m 490 Total Depth m
Slide 11: Jade Prospect drilling timeline
Jade Prospect drilling timeline Block 29/11 - Operational Planning Activities Timeline 2019 2020 2021 2022 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Petroleum Contract (PSC)- First Phase PSC Commenced Technical analysis/Prospect Evaluation Covid Pandemic Related extension Well Site Survey Drillin
Slide 12: Largest Undeveloped Gas Field
Mako Gas field Largest Undeveloped Gas Field West Natuna basin, Indonesia EMPYREAN ENERGY PLC | AGM 2021 12
Slide 13: Indonesia – Mako Gas Field (8.5%)
Indonesia – Mako Gas Field (8.5%) • Empyrean (EME) owns a 8.5% non-operating working interest in the Mako gas fields, located in the West Natuna Basin offshore Indonesia (Duyung PSC). • Duyung PSC sits in approximately 60-100 metres water depth, located 20 kilometres from gas export and oil producti
Slide 14: Mako Gas Field - Forward Plan
Mako Gas Field - Forward Plan Mako gas field has the potential to Mako Gas deliver gas to address both the field aspirations of the Indonesian government and pipeline gas needs of the Singaporean market Securing a gas sale agreement is essential for commercialisation of the project, and is a cri
Slide 15: Well positioned for the future
Well positioned for the future China: “ Company maker” prospect drilling in Dec 2021 Indonesia: Securing a gas sale agreement is the main focus Excellent relationship with host governments and JV partners Proactively managed business outcome in response to Covid-19 pandemic Management focus remains
Slide 16: Contact
Contact Empyrean Energy plc Cenkos Securities plc Tom Kelly Neil McDonald, Peter Lynch +61 (0)8 6146 5325 +44 (0)131 220 9778 Level 3, 22 Railway Rd, 66 Hanover St, Subiaco WA 6008 Australia Edinburgh EH2 1EL EMPYREAN ENERGY PLC | AGM 2021 16
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