Empyrean Energy Plc · LSE:EME
Empyrean Energy — Investor Presentation (October 2012)
12 slides from Empyrean Energy's investor presentation, October 2012
Slide 1: Empyrean Energy Plc
Empyrean Energy Plc Tom Kelly – CEO/ Director Frank Brophy – Technical Director About Empyrean Energy Plc (EME): • London based oil and gas company with advanced exploration and production assets in USA October 2012 • Aggressive explorer with value being driven by projects in Texas • Leverage from e
Slide 2: Disclaimer
Disclaimer These presentation materials (Presentation Materials) in respect of Empyrean Energy Plc (Company) are being issued on a strictly private and confidential basis in the United Kingdom to, and only to, Investment Professionals as defined in Section 19 of the Financial Services and Markets Ac
Slide 3: Investment Highlights
Investment Highlights ● Growing Oil and Gas Producer and Explorer ● Proven track record of making discoveries ● Undervalued relative to two recent Sugarloaf Project working interest acquisitions by Empyrean’s Sugarloaf Project partners ● Funded through development with a US$50 million debt facility
Slide 4: Projects Summary
PROJECTS SUMMARY Sugarloaf Project (3-10.2%) ● Exciting success as development of new condensate/ gas discovery onshore Texas continues with Marathon Oil Company as operator ● Eagle Ford Shale is one of the most active onshore plays in the US right now Eagle Oil Pool Development Project (48.5%) ● Lo
Slide 5: Corporate Structure
Corporate Structure Capital Structure Board of Directors LSE: AIM “EME” CEO/ Exec Director Tom Kelly 12 month share price range: 4.62p – 9.25p Technical Director Frank Brophy Shares in Issue: 216.3 million Non-Executive Chairman Patrick Cross Market Cap at UK 9.0p: £19.5 million Finance Director Joh
Slide 6: Eagle Ford Shale Play map
o—ssicher Mer-— | Eagle Ford Shale Play,” Western Gulf Basin, —__. | “South Texas cw. \ Pa | zeke |Mexico Live Oak\, Eagle Ford Producing Wells (HPD!) Mexico * OL « GAS N Eagle Ford Petroleum Windows (Petrohawk, EOG, Dl) Oa Wet Gas/Condensate Dry Gas —— Top Eagle Ford Subsea Depth Structure, Ft (Pet
Slide 7: Sugarloaf Project
Sugarloaf Project • Sugarloaf is an Eagle Ford Shale play in south Texas • 24,100 gross acres – 726 net acres • Empyrean has a 3%* WI across acreage with a higher interest in two wells • Production commenced mid 2010 • 50 wells on production as at Sept 2012 • Management expects 64 new wells to be dr
Slide 8: Sugarloaf Project
Sugarloaf Project • Marathon, an experienced operator/partner is committed to optimising drilling, completion and production processes • A number of initiatives to increase production, recoveries and reserves are underway • Closer well spacing is being tested • Additional formations to Eagle Ford Sh
Slide 9: Sugarloaf Project
Sugarloaf Project Recent acquisitions of Sugarloaf Project working interests by Empyrean’s partners: • Aurora Oil and Gas (ASX : AUT) has made two recent acquisitions: • August 2012 – Takeover of former partner Eureka Energy for AUD$107 million completed. Eureka’s main asset was a 6.25% interest in
Slide 10: Sugarloaf Project
Sugarloaf Project Central Facility • Separate oil & water • Treat oil to sales quality • Oil storage • Water storage • Sales meters • Gas processing • Gas compression • Expandable 10
Slide 11: Eagle Oil Project (California, USA)
Eagle Oil Project (California, USA) 48.5% working interest Valuable future project for the Company with large equity position ● Eagle North–1 well: 13.4 metres net pay from a gross 21 metres in the vertical well in the target sands ● Mechanical failure prevented a commercial test of the horizontal c
Slide 12: Appendix – Directors
Appendix 1 – Directors Patrick Cross: Non-Executive Chairman Dr Cross is experienced in corporate finance, organisation structures, marketing and joint venture operations. His previous positions include 25 years with British Petroleum specialising in strategic business development and 6 years as Man
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