Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — Shareholder Meeting (December 2022)
10 slides from Europa Oil & Gas (holdings)'s shareholder meeting presentation, Dec 7, 2022
Slide 1: Europa Oil and Gas (Holdings) plc AGM Presentation
December 2022 Europa Oil and Gas (Holdings) plc AGM Presentation 7th December 2022 Europa Oil & Gas (Holdings) plc | www.europaoil.com | AIM : EOG
Slide 2: Disclaimer
December 2022 DISCLAIMER The information contained in these slides and this presentation is being supplied to you by Europa Oil & Gas (Holdings) plc (Company No 05217946) on behalf of itself and its subsidiaries (together “the Company”) solely for your information and may not be reproduced or redist
Slide 3: Europa Corporate Overview
December 2022 Europa Corporate Overview Europa Oil and Gas (Holdings) plc (AIM: EOG) is an oil and gas company which is building a balanced portfolio of producing, appraisal and exploration assets with minimal emissions whilst also looking to repurpose legacy UK wells for geothermal energy generatio
Slide 4: 2022 Performance
December 2022 2022 Performance o Financial Performance o Revenue more than quadrupled to £6.6 million (2021: £1.4 million) o Pre-tax profit of £1.4 million (2021: pre-tax loss £0.85 million) o Net cash generated £2.5 million (2021: used in operations £0.5 million) o Cash balance (including restricte
Slide 5: Serenity Field
December 2022 Serenity Field o Oil discovery at well 13/23c-10 announced October 2019 o Drilled down-dip of Tain oil field (32° API oil, flow- tested 6,270 BOPD & 1.6 MMSCFD) o S1 well encountered 31.7o oil (11ft) in Upper Captain sands (30% porosity) o Oil down to confirmed at 4740 ft TVDSS o OWC e
Slide 6: Serenity – SA02 well results
December 2022 Serenity – SA02 well results o SA02 appraisal well was spudded September 2022 o Objective was to prove up additional volumes of hydrocarbons beyond those encountered in the original Serenity discovery well drilled in 2019 o Unfortunately, the appraisal well encountered water-wet sands.
Slide 7: East Midland and Cleveland Upside
December 2022 East Midland and Cleveland Upside o Gross revenue from Wressle of $27.5m since Aug21 (net $8.25m to EOG)1 o Wressle gas solution and subsequent revenues expected early 20231 o Broughton Wressle Penistone development o 2 phase gas monetisation solution will lead to increased production
Slide 8: Prospectivity and way forward
IRELAND December 2022 Europa 100% equity Prospectivity and way forward & Operator in 4/19 o Phase 1 extended to January 2024 o One drill-ready, 1.5 tcf prospect Pipeline (Inishkea), a Corrib play analogue; in a pivotal position to add to Ireland’s security of gas supply. o Strategic focus on gas thr
Slide 9: ESG Credentials
December 2022 ESG Credentials o As an AIM-quoted company, Europa follows the QCA code for small to mid-size quoted companies, as well as all applicable regulations, requirements and best practice guidance given by the London Stock Exchange. o Europa Board ESG Committee has initiated a project to rev
Slide 10: Glossary
December 2022 Glossary 2D / 3D Seismic Two-Dimensional / Three-Dimensional Seismic AFE Authorisation For Expenditure AIM Alternative Investment Market of the London Stock Exchange API American Petroleum Institute BBL Barrel BOE Barrels of Oil Equivalent BOPD Barrels of Oil Per Day CNS Central North
Europa Oil & Gas (Holdings) — Shareholder Meeting (December 2022) on 6ix