Union Jack Oil PLC · LSE:UJO
Union Jack Oil — Investor Presentation (June 2019)
20 slides from Union Jack Oil's investor presentation, June 2019
Slide 1: Investor Presentation
UNION JACK OIL plc AIM: UJO Investor Presentation June 2019 • West Newton A-1 and A-2 major hydrocarbon discoveries (16.665%) • Wressle oil and gas discovery (27.5%) - oil and gas development undergoing planning appeal • Significant value potential across a balanced, low-risk, low-cost onshore portf
Slide 2: Disclaimer
Disclaimer Whilst all reasonable care has been taken to ensure that the facts stated in these slides and this presentation are accurate and that the forecasts, opinions and expectations contained in these slides and this presentation are fair and reasonable, the information contained in this documen
Slide 3: Union Jack Investment Summary
Union Jack Investment Summary • Low-risk onshore strategy focused on drill-ready projects and value creation • Balanced portfolio: production, development, appraisal and exploration • Portfolio activity generates near-term news flow and value drivers • Positioned to deliver growth: in reserves, prod
Slide 4: Union Jack's Conventional Onshore Focus
Union Jack’s Conventional Onshore Focus – balanced portfolio • Operations exclusively located in an established onshore basin the East Midlands Province • Assembled a balanced portfolio of 13 licence interests – production, development and exploration interests – low-risk and low-cost onshore strate
Slide 5: Near-term News Flow and Value Drivers
Near-term News Flow and Value Drivers – active in material projects West Newton discoveries West Newton A-1 and A-2 (16.665%): PEDL183 – significant gas and liquid development opportunity • Extended well test on recent West Newton A-2 hydrocarbon discovery planned during Q3 2019 • Best Estimate 186
Slide 6: PEDL183 – two significant hydrocarbon discoveries at West Newton
PEDL183 – two significant hydrocarbon discoveries at West Newton PEDL183 West Newton A-1 and A-2 Discoveries 16.665% Interest 10km Discovery Oil Field/Discovery Prospect 6
Slide 7: West Newton A-2 Discovery Well-Site
West Newton A-2 Discovery Well-Site 7
Slide 8: West Newton A-2 Appraisal Well Result
West Newton A-2 Appraisal Well Result – significant liquids component identified • Substantial hydrocarbon accumulation within a net 65 metre interval encountered in the primary target, the Kirkham Abbey formation • Significant liquids component identified from core and logging data • Extended well
Slide 9: Onshore Hydrocarbon Discoveries – proximity to markets, pipelines and infrastructure
Onshore Hydrocarbon Discoveries – proximity to markets, existing pipelines and infrastructure 9
Slide 10: Onshore Hydrocarbon Discoveries – numerous marketing and sale options
Onshore Hydrocarbon Discoveries – numerous marketing and sale options Natural Gas Power Stations • Two major UK gas terminals located on licence • PEDL183 is in close proximity to gas-fired electric – Dimlington (Perenco operated) generation facilities with a combined generation capacity of over 4,7
Slide 11: West Newton A-1 Gas Discovery – Kirkham Abbey Shoal Contingent Resources
West Newton A-1 Gas Discovery – Kirkham Abbey Shoal assigned Contingent Resources Low Best* High Mean Total Contingent Resource 15.9 31.5 62.6 36.4 (MMboe) * The Kirkham Abbey Shoal has a combined geological and commercial Probability of Success of 60% * The Kirkham Abbey “Slope Deposit” represents
Slide 12: West Newton Hydrocarbon Project – a compelling project technically and financially
West Newton Hydrocarbon Project – a compelling project technically and financially • Two large onshore hydrocarbon discoveries with proximity to existing gas pipelines and infrastructure • Compelling economic value from the West Newton A-1 gas discovery’s contingent resources alone – Operator’s eval
Slide 13: PEDL180 / PEDL182 Wressle Oil Discovery
PEDL180 / PEDL182 Wressle Oil Discovery – project expected to produce 500 bopd oil gross PEDL182 Broughton North Prospect 27.5% Interest PEDL180 PEDL182 Wressle Discovery 27.5% Interest 10km Gas Field Oil Field/Discovery Prospect 13
Slide 14: Wressle-1 Discovery well – Reserves, Contingent Resources and composite well log
Wressle-1 Discovery well – Reserves, Contingent Resources and composite well log Gross Volumes Oil Gas Oil Equiv PENISTONE FLAGS MMstb bcf MMboe 15.9 metre pay 2P Ashover Grit and DST 89 bopd, 35° API Wingfield Flags 0.62 0.20 0.65 and 1.7 mmcfd EWT 180 bopd 2C Penistone Flags 1.53 2.00 1.86 Brought
Slide 15: Wressle Reserves and Initial Development Plan
Wressle Reserves and Initial Development Plan – estimated 500 bopd gross and significant cash flow • Gross P Mean Oil Initially In Place (“OIIP”) is 14.18* MMbbl – In aggregate across three reservoir sands: Ashover Grit, Wingfield Flags and Penistone Flags – 2.15* MM bbl are potentially recoverable
Slide 16: Wressle Contingent Resources
Wressle Contingent Resources – substantial upside in 2C Contingent Resources • Substantial additional upside in 2C Contingent Resources in the Penistone Flags reservoir – Over and above the Reserves identified in the Ashover Grit and Wingfield Flags reservoirs • Penistone Flags has 2C* oil and gas C
Slide 17: Biscathorpe Prospect
Biscathorpe Prospect • The Basal Westphalian Sandstone “play” was not tested at the Biscathorpe-2 appraisal well • The Dinantian Carbonates has oil and gas shows over a 99 metre interval indicating proximity to an effective petroleum system • Union Jack’s technical team are conducting further invest
Slide 18: Biscathorpe-2 Drilling
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Slide 19: Union Jack Oil Investment Overview
Union Jack Oil Investment Overview • Low-risk onshore strategy focused on drill-ready projects and value creation • Balanced portfolio: production, development, appraisal and exploration • Portfolio activity generates near-term news flow and value drivers • Successful West Newton-2 appraisal discove
Slide 20: Thank you for attending this presentation
Thank you for attending this presentation www.unionjackoil.com