Borders & Southern Petroleum Plc · LSE:BOR
Borders & Southern Petroleum — H1 2023 Earnings Presentation
9 slides from Borders & Southern Petroleum's earnings presentation, September 2023
Slide 1: Interim Results – Investor Presentation
Interim Results – Investor Presentation September 2023 1
Slide 2: Important Notice
Important Notice These materials (these "Materials") have been prepared by Borders & Southern Petroleum PLC (the "Company"). These Materials are confidential and may not be reproduced or otherwise distributed or disseminated, in whole or part, without the prior written consent of the Company, which
Slide 3: Corporate Overview
Corporate Overview Board of Directors Financial Summary Harry Dobson Non-Executive Chairman 30 June 2023 30 June 2022 Howard Obee Chief Executive Peter Fleming Finance Director Cash Balance $2.4 million $1.2 million William Hodson Non-Executive Director Debt Nil Nil Discovered Resource Brent Crude O
Slide 4: Darwin Gas Condensate, South Falkland Basin
Darwin Gas Condensate, South Falkland Basin PL 018, 019, 020: 40 Blocks (c.10,000 sq. km) Darwin discovery and near-field prospects 2,517 sq.km. 3D seismic Sea Lion Darwin Scotia Loligo Stanley • The Company’s prime focus is the monetisation of its Darwin Gas Condensate discovery. Humpback • We have
Slide 5: Darwin – Exceptionally Imaged on 3D Seismic
Darwin – Exceptionally Imaged on 3D Seismic A B “Seismic amplitude conformance to structure” 61/17-1 • Borders & Southern is a successful explorer – it has a A 100% interest in a large gas B condensate discovery and is seeking a partner to help The exceptional imaging of the finance the next phase D
Slide 6: Darwin - Appraisal & Phased Development Scheme
Darwin - Appraisal & Phased Development Scheme Initial Phase Darwin East • Numerous appraisal and development schemes have been considered, Production well including a 10 well, 90,000 bbl/d, full field development, previously Gas injection well costed at approximately $1.8 billion Darwin West Produc
Slide 7: Conventional FPSO Development
Conventional FPSO Development • The development concept would be typical of deep water petroleum fields – utilising standard industry technologies and equipment. • Following a successful appraisal well, a fast-track phased development scheme would comprise a Floating Production, Storage and Offloadi
Slide 8: Initial Phase Costs & Payback
Darwin – Initial Phase Costs & Payback Initial Phase Production Profile Initial phase CAPEX Initial Phase Project Payback* Initial production is assumed to be 26,000 bpd Development CAPEX $440 million Oil Price Years From First Production (however, two production wells could deliver up DRILLEX (3 we
Slide 9: Borders & Southern Petroleum plc
Borders & Southern Petroleum plc 33 St James’s Square London SW1Y 4JS Telephone: 020 7661 9348 www.bordersandsouthern.com info@bordersandsouthern.com Tavistock (Financial PR) Telephone 020 7920 3150 September 2023 9
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