Union Jack Oil Plc · LSE:UJO
Union Jack Oil — Investor Presentation (June 2024)
20 slides from Union Jack Oil's investor presentation, June 2024
Slide 1: Profitable Transatlantic Oil and Gas Production and Development
Profitable Transatlantic Oil and Gas Production and Development AIM: UJO - OTCQB: UJOGF
Slide 2: Disclaimer
Disclaimer Information contained in these slides and this presentation is confidential and is being supplied to you by Union Jack Oil plc (the “Company”) solely for your information and may not be reproduced or redistributed in whole or in part to any other person. This document has not been approve
Slide 3: Union Jack Corporate Overview
Union Jack Corporate Overview Profitable oil and gas production and development company, operating in the UK and the USA, enhancing shareholder value. • Proven operational success in UK with cash generative projects, with scope for material expansion in the USA • Building a quality Mineral Royalty p
Slide 4: Why Union Jack?
Why Union Jack? Driving Value in the Energy Landscape. • CAPEX light model with a steady, consistent revenue from cash-generating projects in both the UK and USA • Expanding Mineral Royalty portfolio in the USA • Driving growth by exploring, discovering and developing new opportunities • Increase in
Slide 5: UK Flagship Projects
UK Flagship Projects Wressle Oilfield: 40% Interest • Recent Competent Person’s Report upgraded the estimated reserves by 263% • Over 500,000 barrels of oil produced since mid- 2021 • Approximately 1.8 million barrels of oil equivalent added to Wressle’s reserves inventory which now stands at 2.3 mi
Slide 6: PEDL180 and PEDL182 Wressle Oilfield
PEDL180 and PEDL182 Wressle Oilfield • 40% Interest • Wressle has generated approximately US$20,000,000 in revenues to Union Jack since mid-2021 • Currently the second largest conventional producing onshore oilfield in the UK • To date, over 500,000 barrels of high-quality oil have been produced and
Slide 7: Wressle Production Site
Wressle Production Site AIM:UJO - OTCQB: UJOGF 6
Slide 8: Wressle Oil Storage Area and Separator
Wressle Oil Storage Area and Separator AIM:UJO - OTCQB: UJOGF 7
Slide 9: Wressle Oil Export
Wressle Oil Export AIM:UJO - OTCQB: UJOGF 8
Slide 10: Scaling Growth through USA Entry Points
Scaling Growth through USA Entry Points Strong USA market and tax friendly oil and gas jurisdictions. • Andrews 1-17 well declared a commercial discovery • Andrews 2-17 well in planning phase • Diana-1 high impact well planned for Q3 2024 • Rogers enhanced oil recovery project underway UNITED STATES
Slide 11: Key Drilling and Development Partnership with Reach Oil and Gas
Key Drilling and Development Partnership with Reach Oil and Gas Quality Operators of Mineral Royalty Portfolio and Key Drilling and Development Partnership. • Reach is an accredited operator in the United States, owning and operating oil and gas production facilities in Seminole and Pottawatomie Cou
Slide 12: Andrews 1-17 West Bowlegs
Andrews 1-17 West Bowlegs • The Andrews 1-17 well has been declared a commercial discovery • Ongoing “test” production and well clean-up continues • High quality oil being produced with an API gravity of approximately 46 degrees • First oil sales have already been made • Installation of permanent pr
Slide 13: Andrews 1-17 Production Facilities
Andrews 1-17 Production Facilities AIM:UJO - OTCQB: UJOGF 12
Slide 14: Andrews 1-17 Storage Facilities
Andrews 1-17 Storage Facilities AIM:UJO - OTCQB: UJOGF 13
Slide 15: Diana-1 High-impact Well on Wilzetta Fault
Diana-1 High-impact Well on Wilzetta Fault • 75% working interest in Diana-1 well targeting Wilzetta Fault play in Oklahoma • Planned to be drilled in Q3 2024 • Prospect mapping supported by recently reprocessed 3D seismic data • Estimated recoverable oil of 200,000 barrels • Prolific Wilzetta plays
Slide 16: Rogers Enhanced Oil Recovery
Rogers Enhanced Oil Recovery • Acquisition of 45% of a working interest in the Rogers Enhanced Oil Recovery Project located in Seminole County, Oklahoma, USA • Base-case scenario suggests that a further 124,000 barrels of oil can be recovered from the Rogers and S&M wells • Low-cost CAPEX and OPEX •
Slide 17: Financial Snapshot - Year Ended December 2023
Financial Snapshot - Year Ended 31 December 2023 Audited £ Million • Flagship Wressle project offline for circa three months in 2023, enabling installation Revenues 5.1 of jet pump and associated surface facilities Gross profit 3.3 • USA entry announced post year-end; Net profit 0.9 Andrews 1-17 sin
Slide 18: Capital Structure
Capital Structure Market cap ~ £21 Million Shares outstanding 112.9 Million Warrants – Options 2.6 Million Fully diluted 115.5 Million Convertible notes – Debt – 34.00p - 14.00p 52 week trading range ($0.42 - $0.17) AIM:UJO - OTCQB: UJOGF 17
Slide 19: Experienced Management Team
Experienced Management Team David Bramhill – Executive Chairman With over 40 years in the natural resources industry, he has directed and managed several energy companies and has previously consulted as an engineer on projects for Shell, Exxon Mobil, Petrofina, BP, and multiple other international e
Slide 20: Contact details
6 Charlotte Street Telephone: + 44 (0) 1225 428139 Harbor Access Investor Relations Bath Email: info@unionjackoil.com Tommy Zima BA1 2NE Website: www.unionjackoil.com Telephone: +1 475 477 9402 England Website: Tommy.zima@harbor-access.com : @unionjackoilplc : Union Jack Oil plc