Union Jack Oil PLC · LSE:UJO
Union Jack Oil — Investor Presentation (April 2016)
32 slides from Union Jack Oil's investor presentation, April 2016
Slide 1: Corporate Presentation
Production, Development, Exploration Drilling and Investment in the UK Onshore Hydrocarbon Sector UNION JACK OIL plc AIM: UJO Corporate Presentation April 2016
Slide 2: Disclaimer
Disclaimer This presentation, and any supplemental information (written or oral) or other documents provided in connection therewith (collectively, the “materials”), are provided solely for the information of those being presented to and may not be distributed, published, reproduced or otherwise dis
Slide 3: Strategy – focused on value creation in a low oil price environment
Strategy – focused on value creation in a low oil price environment • Strategic Objective: create shareholder value by building a successful UK onshore E&P company and growing risked asset value per share – The Board believe the full-cycle costs associated with UK onshore E&P activity remain attract
Slide 4: Conventional low-cost onshore production, development and exploration drilling
Conventional low-cost onshore production, development and exploration drilling • Experienced corporate and technical team • Listed on AIM: UJO • Assembled a balanced portfolio of six licence interests all based in the East Midlands, an established producing province – Wressle-1 discovery (PEDL180) w
Slide 5: Experienced corporate and technical team
Experienced corporate and technical team David Bramhill, Executive Chairman David has over forty years of experience in the natural resources industry. He has consulted for several companies including; Shell, Petrofina, British Petroleum, Premier Oil and Saxon Oil via Rotork plc. He has directed and
Slide 6: Assembled a balanced portfolio of six licence interests
Assembled a balanced portfolio of six licence interests – significant value creation and upside potential NPV † mm* per share** Currency Unrisked Risked Unrisked Risked US Dollar 282.2 26.2 0.10 0.01 British Pounds* 196.7 18.3 6.81 0.63 * FX: $/£ = 1.43 and 2.887mm shares in issue ** pence per share
Slide 7: East Midlands Province: structural elements
East Midlands Province: structural elements Not to scale: illustration purposes only 7
Slide 8: PEDL180 Wressle oil discovery (8.33%)
PEDL180 Wressle oil discovery (8.33%) – progressing Field Development Plan for early oil production during H2 2016 8
Slide 9: Wressle discovery (8.33%) – progressing Field Development Plan
Wressle discovery (8.33%) – progressing Field Development Plan for early oil production • PEDL180 licence is in Lincolnshire in the established East Midlands producing province – On trend with nearby discoveries at Crosby Warren, Brigg and Broughton • Licence contains the Wressle-1 discovery that pr
Slide 10: Wressle-1 composite log
Wressle- 1 composite log Penistone Flags 15.9 metre pay DST 89 bopd, 35 API and 1.7 mmcfd EWT 180 bopd Wingfield Flags 5.1 metre pay DST 182 bopd, 39 API and 0.46 mmcfd Ashover Grit 6.1 metre pay DST 80 bopd, 39 API and 0.47 mcfd 10
Slide 11: Wressle well site testing operations
Wressle well site testing operations 11
Slide 12: Testing at Wressle-1 discovery
Testing at Wressle-1 discovery 12
Slide 13: Flaring at Wressle-1 discovery
Flaring at Wressle-1 discovery 13
Slide 14: PEDL005(R) Keddington oilfield (10%)
PEDL005(R) Keddington oilfield (10%) – producing asset with recently drilled side track well awaiting flow test 14
Slide 15: PEDL005(R) Keddington oilfield (10%)
PEDL005(R) Keddington oilfield (10%) • Union Jack’s first production asset interest acquired in September 2015 – Own 10% interest in Keddington, associated infrastructure and production facilities – Has produced in excess of 300,000 bbls of oil to date • Keddington-5: side track well drilled in Janu
Slide 16: Keddington production facilities
Keddington production facilities 16
Slide 17: Keddington-5 drilling operations
Keddington-5 drilling operations 17
Slide 18: Louth Prospect (10%)
Louth Prospect (10%) Be UNION JACK OIL 18
Slide 19: North Somercotes Prospect (10%)
North Somercotes Prospect (10%) 19
Slide 20: PEDL253 Biscathorpe Prospect (12%)
PEDL253 Biscathorpe Prospect (12%) – large drill-ready prospect with planning consent 20
Slide 21: Biscathorpe Prospect (12%) – large drill ready prospect with planning consent
Biscathorpe Prospect (12%) – large drill ready prospect with planning consent • PEDL253 is within the proven hydrocarbon fairway of the South Humber Basin – On trend with the Saltfleetby gasfield, Keddington oilfield and the Louth and North Somercotes prospects (where UJO has a 12% interest) • The B
Slide 22: Biscathorpe Prospect
Biscathorpe Prospect Saltfleetby Keddington Louth Prospect Biscathorpe Prospect Structurally high ridge along which are the Saltfleetby and Keddington fields. Biscathorpe is located at the west end of this ridge. Louth is located along the same feature. Line of seismic section 22
Slide 23: Biscathorpe Prospect seismic line
Biscathorpe Prospect seismic line Biscathorpe Louth Keddington 23 Saltfleetby 23
Slide 24: PEDL241 North Kelsey Prospect (20%)
PEDL241 North Kelsey Prospect (20%) – drill-ready prospect with planning consent 24
Slide 25: North Kelsey Prospect
North Kelsey Prospect S N Proposed Well N.Kelsey-1) Projected 200m from East Top Sherwood Top Brotherton Westphalian/Namurian Reservoir interval Top Dinantian North Kelsey 25
Slide 26: North Kelsey Prospect (20%) – drill ready prospect with planning consent
North Kelsey Prospect (20%) – drill ready prospect with planning consent • PEDL241 is within the proven hydrocarbon fairway of the Humber Platform • Prospect is based on offset well data and structure is a well-defined tilted fault-block mapped from 3D seismic – Potential for multiple reservoir targ
Slide 27: PEDL201 Burton on the Wolds (10%)
PEDL201 Burton on the Wolds (10%) – significant unconventional prospectivity 27
Slide 28: Burton on the Wolds (10%) – significant unconventional prospectivity
Burton on the Wolds (10%) – significant unconventional prospectivity • PEDL201 is in the onshore UK East Midlands Petroleum Province Shale Map of UK – Situated on the southern margin of the Widmerpool Gulf • Molten Limited completed a report reviewing the shale resource potential of PEDL201 – Mean d
Slide 29: Union Jack investment summary
Union Jack investment summary • Low-risk onshore strategy and a balanced portfolio of six licence interests • Portfolio positioned to deliver asset value growth under low oil price environment • Early commercialisation planned for Wressle-1: Field Development Plan underway for first oil in H2 2016 –
Slide 30: Corporate information
Corporate information • Listed on AIM: 31 July 2013 • Advisers – Shore Capital: • Shares in Issue: NOMAD and Broker – 2,888,708,805 ordinary shares of – SP Angel: 0.025p each Broker and O&G Advisers – 55,052,548 warrants in issue – Deloitte: Auditors • Contact – Osborne Clarke: Solicitors info@union
Slide 31: Glossary
Glossary 3D Seismic M / Mbbl / Mboe A set of numerous closely-spaced seismic lines that provide a high Thousand (1x103) / thousand barrels of oil / thousand barrels of oil spatially sampled measure of subsurface reflectivity equivalent B/ Bcf mcfd Billion (1x109) / billion cubic feet of gas Thousand
Slide 32: 6 Charlotte Street Bath BA1 2NE
6 Charlotte Street Bath BA1 2NE England Telephone: + 44 (0) 1225 428139 Facsimile: + 44 (0) 1225 428140 Email: info@unionjackoil.com Website: www.unionjackoil.com