Predator Oil & Gas Holdings PLC · LSE:PRD
Predator Oil & Gas — Investor Presentation (September 2021)
24 slides from Predator Oil & Gas's investor presentation, September 2021
Slide 1: Predator Core Focus: Building a Commercial Energy Transition Bridge
PREDATOR CORE FOCUS PROTECT THE PRESENT THROUGH Building a Commercial Energy Transition Bridge THE ENERGY TRANSITION TO for Industry and Consumers PROVIDE AN AFFORDABLE FUTURE GAS IS A SUSTAINABLE LOWER CARBON FUEL A NEED TO ADDRESS DISRUPTIVE VOLATILITY IN THE ENERGY MARKET FOR INDUSTRY SEPTEMBER 2
Slide 2: Disclaimer and forward looking statements
Disclaimer and forward looking statements This presentation (“Presentation”) has been prepared by Predator Oil & Gas Holdings Plc (the “Company” or “Predator”) solely in connection with providing information on the Company and may be subject to change. It is being issued to certain persons on the ba
Slide 3: Executive Team
Executive Team Paul Griffiths Lonny Baumgardner Chief Executive Officer Chief Operating Officer • CEO of three AIM & Standard List companies since 2004 • Country Manager & Managing Director for 12+ years • Has worked in the energy sector for 45 years • Has worked in the energy sector for 32 years •
Slide 4: Corporate Snapshot
Corporate Snapshot Financial Summary No debt – corporate running costs £0.568M (2020) Fully funded for Firm Commitments 31 December 2020 Annual Accounts www.predatoroil&gas.com 30 June 2021 Interims to be published October 2021 Market Statistics Share Performance since IPO Peer Company Comparisons b
Slide 5: Building a Commercial Energy Transition Bridge for Industry and Consumers
Building a Commercial Energy Transition Bridge for Industry and Consumers “Now is the winter of our discontent” – Shakespeare’s Richard III, 1594 – Some things never change! 5
Slide 6: Spotlight Morocco: Energy Crisis
Building a Commercial Energy Transition Bridge for Industry and Consumers – Spotlight Morocco Generate shareholder value & deliver positive Energy Transition benefits through executing projects that drive a reduction in CO2 emissions Energy Consumption by Source Electricity Consumption WHY MOROCCO?
Slide 7: Strategically Focussed to Enter the Moroccan Industrial Gas Market
Strategically Focussed to Enter the Moroccan Industrial Gas Market Scalable gas market 5 – 25 – 50+ mm cfgpd Catalyst for secure industrial investment and growth Youssoufia: phosphates Casablanca: ceramics Berrechid: ceramics, steel factories, industrial park Tetouan: ceramics Settapark: industrial
Slide 8: Competitor Activity versus Predator Near-Term Scalability
Competitor Activity versus Predator Near-Term Scalability Commercial Energy Transition Bridge for Industry and Consumers Anchois (2009) • CNG development is easily scalable for very low incremental CAPEX appraisal well 2021/22 • No pipeline capacity constraints • Modern highways and railroad connect
Slide 9: MOU-4 Appraisal Well to Underpin CNG development
Transitional Gas-to-Industry: MOU-4 Appraisal Well to Underpin CNG development W MOU-1 MOU-5 Proposed MOU-4 Proposed E High potential gas deliverability rates Tested 4 km² & 65m gross interval Testing 30+ km² & 65m gross interval Testing 12 km² & 120m gross interval Completed for testing Potential d
Slide 10: MOU-1 Zones Selected within the MOU-4 Fan for Rigless Testing
MOU-1 Zones Selected within the MOU-4 Fan for Rigless Testing LAM-1 (2015) MOU-1 Rharb Basin • 6 zones selected for perforating • All within MOU-4 Fan interval • Pre-drill seismic “bright spot” High C1 methane gas readings throughout prospective section A 6 5 Gross interval of 65 metres with higher
Slide 11: Industrial Gas: MOU Core Area CNG Development Case
Industrial Gas: MOU Core Area CNG Development Case Onshore – independent of pipeline construction • Simple development concept – portable skid-mounted equipment In-country rig • Suitable flat site for facilities 1.5 kms from direct access to highway 25 mm cfgpd profile • Guercif CNG Cost Estimate St
Slide 12: Exploration Running Room within the De-risked Gas Basin
Exploration “Running Room” within the De-risked Gas Basin Targeted by MOU-1 First generation Tertiary gas prospects Second generation Jurassic gas prospects MOU-2 Prospect Ma-1 Fan Prospective Resources MOU NE Jurassic BCF A Base Jurassic carbonate bank. Compare prolific Zelten reservoirs Libya form
Slide 13: TRINIDAD – Inniss-Trinity
TRINIDAD – Inniss-Trinity Positives Negatives Solutions • CO2 injection resumed from April to July 2021 • PRD CEO invited to present to government • Heavy rainfall frequently damages access to Despite night-time restrictions due to COVID/HSE Steering Committee on CO2 EOR 17/8/2021 CO2 site – HSE iss
Slide 14: IRELAND
IRELAND Mag Mell Energy Ireland Ltd (“Mag Mell”) Predator Oil and Gas Ventures Ltd (“POGVL”) Floating Storage and Regassification Unit (“FSRU”) Corrib South & Ram Head Successor Authorisations • Applications submitted but no final response yet from Government • Ram Head is Ireland’s only material un
Slide 15: Timeline and Value Catalysts
Timeline and Value Catalysts FOCUS ON GAS FOR CNG UPSCALING TO INDUSTRY Moroccan Gas the Value Driver Planning & commercial Operations Plan of Development Apply Exploitation Construction FIRST STEP OUT DRILLING DRILL HIGH IMPACT RIGLESS TESTING Concession MOU-4 & MOU-5 “BLUE SKY” MOU-1, 4, 5 & Enter
Slide 16: Highlights – Significantly Under-valued
Highlights – Significantly Under-valued Highlights ✓ Aligned with ✓ Focussed on gas ✓ Core project CNG ✓ Material upside ✓ Proven Moroccan Energy Transition & the Energy Crisis gas to the Moroccan & running room operations and gas industrial market marketing team • CO2 sequestration • Gas onshore Mo
Slide 17: Business Development Strategy
Business Development Strategy ✓ CO2 sequestration executed in Trinidad ✓ Morocco ticks all 3 boxes ✓ 7,269 km² Guercif licence one US$3.3 M well ✓ New opportunities being actively reviewed subject to commercial terms Rotate the drill Create ✓ Operates our projects on a low cost basis bit to create S
Slide 18: Appendices
PREDATOR Building a commercial Energy Transition bridge for industry and consumers APPENDICES 18
Slide 19: Management Team
Management Team Paul Griffiths Geoscientist/project development Lonny Baumgardner Operations/gas marketing Chief Executive Officer Chief Operating Officer H2Gn LNOC Operations/Marketing Dr. Mahmoud Zizi Geoscientist Myodeen Ali Country Manager Morocco Country Manager Trinidad Field operations & prod
Slide 20: Non Executive Directors
Non Executive Directors Dr Stephen Staley Louis Castro Non Executive Chairman Non Executive Director • 35 years of wide-ranging management, technical • Louis Castro has over 30 years’ experience in investment banking and and commercial experience in the international oil, broking both in the UK and
Slide 21: Guercif Onshore Prospects & Leads
Guercif Onshore Prospects & Leads Untested Potential & Rharb Basin Analogues Developed after Pre-1986 Drilling W 80 kilometres E Pre-1986 Taf-2 Extension of Rharb Basin geology Pre-1986 Taf-1x Prospective Jurassic Pre-1986 MSD-1 & Trias not reached MOU-2 Tertiary Drilled off-structure Structure post
Slide 22: CNG Development Analogues
CNG Development Analogues Predator Guercif CNG Study ORCA in Tanzania Gas Networks Ireland Source http://orcaemergygroup.com/tanzania Source http://www.gasnetworks.ie 22
Slide 23: Independent Resource Assessment
Independent Resource Assessment Prospective Gas Resources (BCF)* CPR* Probability of Prospect Geologic Success Low Best High Pre-MOU-1 Guercif Basin Tertiary Targets MOU-4 Prospect (66% recovery factor) 146 393 944 34%* De-risked by MOU-1 MOU-2 Prospect (66% recovery factor) 148 426 879 34%* De-risk
Slide 24: Kingdom of Morocco
Kingdom of Morocco GUERCIF EXPLORATION LICENCE EXPLOITATION CONCESSION 8 years split into 3 phases 25 years (extendable by 10 years) Initial Period extended to 19/09/22 31% corporation tax after 10 year holiday due to COVID 10 year corporate tax holiday Commitment One well no taxation of profits in
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