Sound Energy plc · LSE:SOU
Sound Energy — Investor Presentation (July 2017)
20 slides from Sound Energy's investor presentation, July 2017
Slide 1: Investor Presentation Q3 2017
INVESTOR PRESENTATION Q3 2017
Slide 2: A Mid-Cap African & European Gas Company
A MID-CAP AFRICAN & EUROPEAN GAS COMPANY REGIONAL GAS STRATEGY SIGNIFICANT EXPLORATION KEY SHAREHOLDERS UNDERPINNED BY POTENTIAL IT A LY Strong European gas demand and local pricing Eastern Morocco up to 31 Tcf Pan European / African Strategic Partnership Southern Morocco up to 9 Tcf wit
Slide 3: The Team
THE TEAM Brian Mitchener Leonardo Spicci Exploration Director EVP, Production & Development Over 36 years experience in Oil & Gas exploration Over 25 years experience in Oil & Gas James Parsons including as Regional General Manager Exploration management and operations across Chief Executive Officer
Slide 4: Compelling Regional Case for Gas
COMPELLING REGIONAL CASE FOR GAS Morocco Italy Casa Tiberi Growing gas • Low risk emerging market • Stable demand with high gas Rapagnano penetration • Gas increasingly dependency replacing other fuels • Strong domestic gas network SMG Dalla IT Disadvantaged • Circa 90% hydrocarbons • Circa 90% hydr
Slide 5: Flagship Eastern Morocco Development: Extension of Proven North African Basins
FLAGSHIP EASTERN MOROCCO DEVELOPMENT: EXTENSION OF PROVEN NORTH AFRICAN BASINS TENDRARA* (47.5% interest; Operated) MERIDJA* (47.5% interest; Operated) Atlas Mountains Strategic Partnership where TUNISIA Schlumberger own 27.5% and High Plateau co-fund and technically de-risk Atlas the asset (Geop
Slide 6: Tendrara: Early Drilling Results
TENDRARA: EARLY DRILLING RESULTS EXISTING WELLS JK-1 MERIDJA TE-6 N Triassic TAGI TE-7 TE-2 discovery and TTE-8 TE E leads 21.2 Tcf RR-1 TE-5 potential 2500-3500 mMD TE-3 TE-6 TE-8 SBK-1 K 1 28m net pay, Paleozoic Play TE-1 17 mmscf/d Opener and TE-4 TENDRARA achieved Extension of post- TAGI Reservo
Slide 7: Eastern Morocco: Prospects, Leads and Resources
EASTERN MOROCCO: PROSPECTS, LEADS AND RESOURCES Paleozoic 31 HIGH Meridja Identified TAGI leads 5.5 21.2 TCF GAS VOLUME (TCF) Tendrara 17 Identified TAGI leads 14.7 MID 9 Slide LOW Eastern Morocco 6 Development Volumes 1.0 Investor Presentation 0 Q3 2017 All volumetric estimates are 100% - Gross unr
Slide 8: Eastern Morocco: Commercialisation
EASTERN MOROCCO: Tahaddart Power E AN COMMERCIALISATION 2 x 400 MW MEDIT ER RAN Oued The Tendrara field will connect to the GME Dhar Doum El Makhazine pipeline near Ain Beni Mathar village, a few 4 x 400 MW 2 x 400 MW km from the Morocco-Algeria border via a Oujda new Pipeline Offtake expected
Slide 9: Southern Morocco: Sidi Moktar
SOUTHERN MOROCCO: SIDI MOKTAR The Sidi Moktar permit is located in Jorf Lasfar the Essaouira Basin in central Morocco Power Plant (Western sea border) and is sub-divided into three blocks (North, South and West) with a combined area of 4,500 Tahaddart Power 2 x 400 MW square km. Safi Chemicals St
Slide 10: Southern Morocco: Sidi Moktar
SOUTHERN MOROCCO: SIDI MOKTAR Sidi Shallow (1000m to 3000m) N 0 10 20 30 40 km Gas discovery (Kechoula) in the T Argovian and Lower Liassic with 2 wells on structure ( Koba-1 and Kamar-1) Jurassic gas and oil Koba-1 Recent success perforating discoveries Kamar-1 and clean up test of Argovian i
Slide 11: Upcoming Newsflow
UPCOMING NEWSFLOW Q3 2017 CFO APPOINTMENT Ongoing TENDRARA - 2D Seismic 2D seismic and aerial gradiometry September EASTERN MOROCCO Forward work programme update 2017 Q4 2017 SIDI MOKTAR - Koba-1 (Argovian) Extended well test Q4 2017/ - Drilling Further multi Tcf exploration drilling Q1 2018 TENDRAR
Slide 12: Summary
SUMMARY ACCESS TO LOW COST ONSHORE STRONG CORPORATE m GAS PLAY IN TOP TIER EMERGING GOVERNANCE MARKET (MOROCCO) Industry experienced Board with balance of Recent potential multi Tcf onshore technical, commercial and financial skills gas discovery in Morocco Strong domestic demand and infras
Slide 13: Appendix
APPENDIX Slide 12 Investor Presentation Q3 2017
Slide 14: Capital Structure as at July 2017
CAPITAL STRUCTURE AS AT 4 JULY 2017 Current shares in issue 731.5 million Cash and cash equivalents £38.2 million Shares to be issued €28.8 million corporate bonds £25.3 million • 5% coupon 10.4p warrants o/s 0.4 million • Due 21 June 2021 24.0p warrants o/s 23.6 million • Secured on Sound Energy It
Slide 15: Tendrara – Cross Section
TENDRARA – CROSS SECTION Slide 14 Investor Presentation Q3 2017 After Craig et al 2008
Slide 16: Eastern Morocco Basin & Petroleum System
EASTERN MOROCCO BASIN & PETROLEUM SYSTEM NW SE Multiple source rocks in Silurian, 0 Devonian, Carboniferous well NW 1 SE documented in surrounding 0 basins and underpin the prolific 2 DEPTH IN KILOMETRES 1 Algerian plays 3 2 Sufficient charge volumes DEPTH IN KILOMETRES 4 generated post the He
Slide 17: Broader Portfolio
BROADER PORTFOLIO COST COVERING PRODUCTION* EXPLORATION (4 LICENCES (2 LICENCES) EXCLUDING STRATEGIC PLAYS) • Multiple producing onshore assets – ZIBIDO • Po Valley; Zibido is adjacent to Badile prospect APPRAISAL (6 LICENCES, • Play type: Downthrown fault terrace gas/oil in EXCLUDING STRATEGIC PLAY
Slide 18: For more information please contact
For more information please contact: James Parsons Brian Mitchener Chief Executive Officer Exploration Director j.parsons@soundenergyplc.com b.mitchener@soundenergyplc.com Detailed information on our investor website: www.soundenergyplc.com Slide 17 Disclaimer: The investment mentioned in this docum
Slide 19: Disclaimer
Disclaimer: This presentation and any additional documents handed out at any meeting (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange plc or by any authority which could be a competent authority for the purposes of the Prospectus Directive (Directive 20
Slide 20: Disclaimer continued
Disclaimer continued: Any recipient of these Presentation Materials who is in any doubt about the investment to which this presentation relates should consult an authorized person specializing in advising on investments of this kind. These Presentation Materials do not constitute a recommendation re