Sunda Energy PLC · LSE:SNDA

Sunda Energy — Baron Oil — Shareholder Meeting (2018)

12 slides from Sunda Energy's shareholder meeting presentation, 2018

  1. Slide 1: Annual General Meeting 2018

    Baron Oil Pie SEE ee ANNUAL GENERAL MEETING 2018

  2. Slide 2: 2017 Consolidated Income Statement

    2017 CONSOLIDATED INCOME STATEMENT

  3. Slide 3: 2017 Income Statement

    2017 INCOME STATEMENT  Loss for the year after tax of £1.5M (2016: £288K).  No revenue in 2017 or 2016 - cessation of NBM operations in 2015  Intangible asset written off £1.8M: primarily US$2M receivable from Union Oil & Gas (UOGG) after cancellation of farmout agreement, and some ancillary proj

  4. Slide 4: Statement of Financial Position at Year-End

    STATEMENT OF FINANCIAL POSITION AT YEAR-END £000 2017 2016 Non-current assets 1,260 1,328 Current assets Receivables 18 2,070 Cash - available 3,873 2,158 Cash - unavailable 119 3,073 Current liabilities - payables (1,007) (2,556) Total equity 4,263 6,073 • Non-current assets: • Block XXI: £1.26M ca

  5. Slide 5: Peru Block XXI – Baron 100%

    PERU BLOCK XXI – BARON 100% SUBSEA DEPTH TO TOP PRE-TERTIARY AREA OF TOP MANCORA BRIGHT SPOT PROP. LOC. EL BARCO-3X LINE 16 CDP 680 565556 9347639 COMPLETED MINCHALES 2D PROPOSED WELL EL BARCO-3X SEISMIC 172 kms TD 5900 FT EST. COST $1.9M POSSIBLE DRILLING LATE-2018 DISCUSSIONS ONGOING WITH POTENTIA

  6. Slide 6: UK Offshore - P2235 Wick Prospect New Venture

    UK OFFSHORE- P2235 WICK PROSPECT NEW VENTURE Baron has committed to pay 20% of the £5.2 million, 1250 metre Wick Well in late 2018 to earn a 15% interest in the underlying licence P2235. Combined unrisked in-place P50 Prospective Resources in Jurassic and Triassic reservoirs of the Wick structural c

  7. Slide 7: P2235 Wick Prospect New Venture

    P2235 WICK PROSPECT NEW VENTURE SW LYBSTER INLINE 2040 PROPOSED NE LOCATION FIELD Interpretation shows the Wick structure to be closed and sealed by thick Kimmeridge Clay. The drilling location lies significantly updip from the Lybster oilfield spill point The structure is bounded by complex strike-

  8. Slide 8: UK Offshore - P1918 Colter Prospect New Venture

    UK OFFSHORE - P1918 COLTER PROSPECT NEW VENTURE Baron will pay 6.67% of the estimated £7.2 million WYTCH FARM OILFIELD BEACON FIELD Colter Well (carry capped at £8 million gross well cost), (UNDEVELOPED) 98/11-03 to earn a 5% interest in the underlying licence P1918 COLTER and in adjacent onshore bl

  9. Slide 9: P1918 Colter Prospect New Venture

    Inline from 3D seismic reprocessed by P1918 group P1918 COLTER PROSPECT NEW VENTURE 98/11-3 3D seismic interpretation shows probability of getting significantly updip from the 10.5 metre oil column CHALK encountered in well 98/11-3 (drilled in 1986 without 3D data) U.JURASSIC L.JURASSIC U. TRIASSIC

  10. Slide 10: Current Position

    CURRENT POSITION • Directors and Management: • Malcolm Butler – Chairman and CEO • Geoff Barnes – Financial Director • Andrew Yeo – Independent non-executive Director • Guillermo Nieto – Consultant Manager in Peru • Current Cash Position: • £1,790,000 • US$ 1,940,000 • Sterling equivalent (@1.34) £3

  11. Slide 11: The Future

    THE FUTURE • The Company is now fully-funded, with additional resources available for activities beyond the current commitments. However, we will retain funds in reserve to pay for testing activities on the Wick and Colter Wells if they are successful • We currently plan to participate in up to thre

  12. Slide 12: Thank You – Any Further Questions?

    THANK YOU – ANY FURTHER QUESTIONS?

Baron Oil — Shareholder Meeting (2018) on 6ix