Sound Energy Plc · LSE:SOU
Sound Energy — Investor Presentation (2016)
16 slides from Sound Energy's investor presentation, Oct 20, 2016
Slide 1: Investor Presentation Q4 2016
Investor Presentation Q4 2016
Slide 2: Building a Mid-cap European & African Gas Company
Building a Mid-cap European & African Gas Company A IT Regional gas strategy underpinned by Potential multi TCF discovery at Tendrara L Y →→ Strong European gas fundamentals (Eastern Morocco) →→ Pan European / African Strategic Partnership Two remaining Strategic Plays with Schlumberger →→ Badile an
Slide 3: The Team
The Team James Parsons Brian Mitchener Leonardo Spicci Chief Executive Officer EVP, Exploration EVP, Production & Development Over 36 years experience in O&G exploration including as Over 25 years experience in O&G management and operations Over 20 years in oil & gas strategy, Regional General Manag
Slide 4: Balanced Portfolio
Balanced Portfolio Badile Zibido Rapagnano PORTFOLIO TOTAL: Sidi Moktar Tendrara & Meridja SMG >EUR 2.2 BILLION* Exploration Exploration Dora / Dalla A IT Tendrara Zibido LY Appraisal Badile RISK Sidi Moktar Laura Appraisal SMG Nervesa Laura = Strategic play Dora/Dalla Rapagnano REWARD Tendrara I Me
Slide 5: Tendrara: flagship development with multi Tcf potential in Eastern Morocco
Tendrara: flagship development with multi Tcf Tahaddart Power N EA potential in Eastern Morocco 2 x 400 MW TERR AN MEDI Oued Tendrara + Meridja Dhar Doum El Makhazine 4 x 400 MW 2 x 400 MW T: Net effective interest 27.5% (Paying Oujda 20%); M: 55% interest; both operated →→ Continuity of the Algeria
Slide 6: Showcase Tendrara: Illustrative Aerial View (TAGI Only)
Showcase Tendrara: Illustrative Aerial View (TAGI Only) Long Term Upside Potential Near Term Potential MOROCCO ALGERIA 1-1.5 Tcf 3-4 Tcf, 75km2 250km2 M E R I DJA 1,800km2 TE-6 (2016) TE-2 (1967) 200- 300 Bcf 17km2 TE-5 (2006) TE-7 (2016) TENDRARA TE-1 (1966) TE-4 (2006) TE-3 (1984) Investor Present
Slide 7: Pathway to Commercialisation
Pathway to Commercialisation Current phase 2017 & 2018 1H 2019 Horizontal Finalise • Facilities & Pipeline TE7 development construction well Development plan & • Outpost & FIRST GAS Concession development wells First application TE8 outpost well • Seismic aquisition Self funding Material Return to e
Slide 8: Northern Italy Strategic Play
Northern Italy Strategic Play ZOOM Badile Nervesa Zibido 3D Milano Seismic Rapagnano Badile Coverage SMG Dora / Dalla Net effective ownership 80%; operated A IT →→ Po Valley (Northern Italy); 45 km SW of SNAM LY analogous ‘Malossa’ gas field Gas →→ Permit located close to Milan, with a tie-in availa
Slide 9: Southern Morocco Strategic Play
TL A Southern Morocco ZOOM Strategic Play Jorf Lasfar Power Plant Sidi Moktar State owned Phosphate Net Effective 25% interest, carried for first Safi Chemicals Plant Plant (OCP) USD 18 m; operated Tahaddart Power 2 x 400 MW →→ Play type: gas discovery (Kechoula) in the Lower Liassic sequence, (73 B
Slide 10: Summary & Newsflow
Summary & Newsflow Access to low cost onshore gas play in Underpinned by industry partnerships top tier emerging market (Morocco) →→ Schlumberger as strategic partner: →→ Recent potential multi Tcf onshore gas discovery enabling scale, technically de-risking assets in Morocco and providing funding →
Slide 11: For more information please contact
For more information please contact: James Parsons Mary Hood Chief Executive Officer EVP, Finance / CFO j.parsons@soundenergyplc.com m.hood@soundenergyplc.com Detailed information on our investor website: www.soundenergyplc.com Disclaimer: The investment mentioned in this document may not be suitabl
Slide 12: Broader Portfolio
Broader Portfolio Badile Cost Covering Production Zibido (2 licences) Rapagnano SMG Multiple producing onshore assets Dora / Dalla (0.5 MMscf/d) A IT LY Laura Appraisal (6 licences, excluding Strategic Plays) Laura Tendrara I Meridja → Gulf of Taranto (4 km offshore, 200 m water depth) Tendrara II T
Slide 13: Strong Regional Infrastructure
Strong Regional Infrastructure Italian high pressure gas pipeline network Moroccan gas pipeline network Badile Nervesa Zibido Tahaddart Power AN NE Rapagnano 2 x 400 MW E RRA MEDIT Oued SMG Dhar Doum El Makhazine 4 x 400 MW 2 x 400 MW Dora / Dalla Oujda Al Wahda C 4 x 400 MW N TI Rabat T LA A Meridj
Slide 14: Capital Structure as at September 2016
Capital Structure as at 27 September 2016 Current shares in issue 554.1 million Net debt £5.0 million Shares to be issued Cash and cash equivalents £20.4 million 10.4p warrants (expiry 28-Jul-17) 41.4 million €28.8 million corporate bonds £24.4 million →→ 5% coupon 24.0p warrants (expiry 22-May-2020
Slide 15: 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 16: 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