Lansdowne Resources Plc · LSE:LRES
Lansdowne Resources — Lansdowne Oil & Gas — Investor Presentation (October 2018)
10 slides from Lansdowne Resources's investor presentation, October 2018
Slide 1: Corporate Presentation October 2018
Corporate Presentation October 2018
Slide 2: Disclaimer
Disclaimer These presentation materials (the “Presentation Materials”) do not constitute or form any part of any offer or invitation or inducement to sell or issue or purchase or subscribe for any shares in Lansdowne Oil & Gas plc (“Lansdowne”) nor shall they or any part of them, or the fact of thei
Slide 3: Lansdowne - Summary
Lansdowne - Summary • Conventional oil and gas in shallow water offshore Ireland • Barryroe Project • Appraisal of substantial 2C Resources (34.5 MMBOE net) • Fully carried through multi-well programme in 2019 • Objective to create value by turning 2C Resources to 2P Reserves and developing the fiel
Slide 4: Corporate Snapshot
Corporate Snapshot Appraisal in shallow water, Offshore Ireland Market data(1) • Lansdowne holds interests in two oilfields in the North Exchange AIM Celtic Sea Basin, offshore Ireland Ticker LOGP Price 1.875p • Barryroe (SEL 1/11 - Lansdowne 10%* ) contains audited gross 2C resources of 346 mmboe,
Slide 5: Barryroe – Multiwell Farm-out Programme
Barryroe – Multiwell Farm-out Programme • EXOLA (Providence subsidiary) and 48/24-10z Petrophysical Log Lansdowne have Farmed-Out a 50% working interest in SEL 1/11 (Barryroe) to APEC Energy, reducing LOGP interest from 20% to 10% • APEC to fund 100% of drilling costs for: • 4 wells and one horizont
Slide 6: Barryroe – Multiwell Farm-out Programme: Main Commercial Terms
Barryroe – Multiwell Farm-out Programme Main Commercial Terms • APEC to pay 50% of all costs associated with the Drilling Programme (4 wells, plus side-track plus 4 well tests) and the Option wells (Two wells and testing) if applicable. Option wells to target early production • APEC to finance, by w
Slide 7: Barryroe – Multiwell Farm-out Programme: Main Operational Terms
Barryroe – Multiwell Farm-out Programme Main Operational Terms • Base Drilling Programme consists of: • 4 vertical wells to allow for the evaluation of the main Basal Wealden reservoir • A side-track to drill a 200 metre horizontal reservoir section in the Basal Wealden • Drill stem testing is plann
Slide 8: Barryroe - Upside
Barryroe - Upside Additional upside potential • In addition to the existing 2C resources in the Basal Wealden and Middle Wealden reservoirs, there is significant upside potential in other horizons that will be targeted by the upcoming drilling • Providence has estimated that the stacked Lower Wealde
Slide 9: Summary
Summary Progressing a significant shallow water oil resource in a recovering oil price environment • Barryroe was upgraded following 48/24-10z in 2012 which tested at c. 4,000 boepd. • Lansdowne offers investors exposure to 34.5 mmboe of 2C resources, with a fully funded multi-well appraisal program
Slide 10: Contact details
Contact details Lansdowne Oil & Gas plc Paramount Court Corrig Road Sandyford Business Park Dublin 18 D18 R9C7 Tel: + 353 (0) 1 614 2500 www.lansdowneoilandgas.com Steve Boldy (CEO) stephen.boldy@lansdowneoilandgas.com 10
Lansdowne Oil & Gas — Investor Presentation (October 2018) on 6ix