Energean Plc · LSE:ENOG
Energean — WECA Small and Mid-Cap Oil and Gas Companies of the Future (December 2018)
12 slides from Energean's conference presentation, Dec 3, 2018
Slide 1: Small and Mid-Cap Oil and Gas Companies of the Future
WECA Small and Mid-Cap Oil and Gas Companies of the Future December 3rd 2018 Mathios Rigas, CEO
Slide 2: Oil & Gas Council Nominations
Oil & Gas Council Nominations What did we do to deserve the nominations 2
Slide 3: Strong market positioning in London & Tel Aviv
Strong market positioning in London & Tel Aviv STRONG S/P PERFORMANCE 35% ENOG • Biggest Oil & Gas IPO in London in 4 years • One of the top performers in FTSE 250 YTD • First London-listed, international O&G operator to list on TASE 3 3
Slide 4: Our story
Our story 160 From a $1.5mn acquisition to a $1.1bn market cap company in 10 years 140 A Counter Cyclical Investment 120 100 $/bbls 80 2013: • Private equity raise • Strengthening 60 balance sheet • Cost cutting 40 20 2007: Acquisition 2016: of Prinos for Acquisition of $1.5mn Karish Tanin 0 2006 20
Slide 5: It's all about growth
Its all about growth 450 397 400 350 300 300 CAGR: 75% mmboe 250 237 200 150 100 58 50 7 24 30 11 17 2 5 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Jun-18 Prinos 2P Prinos 2C Katakolo 2P Karish and Tanin 2C Karish and Tanin 2P 5 5
Slide 6: Karish Tanin: FDP approval to FID in 6 months for a $1.6bn project
Karish Tanin: FDP approval to FID in 6 months for a $1.6bn project Efficient, fast and effective execution 6 6
Slide 7: Building an 8 BCMA vessel…gearing for further growth
Building an 8 BCMA vessel…gearing for further growth • The only FPSO in the East Med • Infrastructure hub for future developments • 3.8 BCMA of “Spare” Capacity…to be filled 7 7
Slide 8: Significant near-field prospective resources
Significant near-field prospective resources Targeting multiples of upside through infrastructure-led exploration 7.5 TCF KARISH NORTH BLOCK 12 KARISH HESTI EAST A KARISH Material prospective KARISH MAIN 1 TANIN MESOZOIC resource volumes with a HER ZEUS ATHENA 2 F TANIN A APOLL 2 2 2 high1 chance of
Slide 9: Right Project, Right Market, Right Time
Right Project, Right Market, Right Time Providing the lowest cost resource to meet Israeli gas demand growth Israeli Government 35 30 • Supporting investment in E&P despite protests 25 BDO demand forecasts • Shutting down CFPPs 20 bcma • Privatize state owned 15 (IEC) power plants Adiri Committee de
Slide 10: The pipeline is becoming a reality
The pipeline is becoming a reality European Gas Pipeline: Latest Updated Market Israel: • Israel, Cyprus, Greece and Italy finally reached an agreement on the $7 billion project for the construction of the East med Pipeline Energean Focus Regions Newcomers Trans-Anatolian Pipeline Trans-Adriatic Pip
Slide 11: How can independents evolve & raise capital to continue to be a driver of play?
How can independents evolve & raise capital to continue to be a driver of play? 1. Focused on an area where you understand the rocks and above surface issues Med 2. Capital Discipline and ability to understand and access markets $2 bn in 2018 3. A low cost proven operator $19/bbl 4. HSE track
Slide 12: Thank you
Thank you www.energean.com 12
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