Union Jack Oil PLC · LSE:UJO
Union Jack Oil — Investor Presentation (September 2016)
36 slides from Union Jack Oil's investor presentation, September 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 September 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
Strategy – focused on value creation • 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 attractive • Focused on conventional l
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 seven licence interests all based onshore UK – Wressle-1 discovery (PEDL180/PEDL182) with combined ~710 boepd on test – P
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 eight licence interests
Assembled a balanced portfolio of eight 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* 217.1 20.2 7.69 0.77 * Updated FX: $/£ = 1.30 and 2.887mm shares in issue ** pence
Slide 7: East Midlands Province: structural elements
East Midlands Province: structural elements Not to scale: illustration purposes only 7
Slide 8: PEDL180/PEDL182 Wressle oil discovery (8.33%)
PEDL180/PEDL182 Wressle oil discovery (8.33%) – progressing Field Development Plan for oil production late 2016 8
Slide 9: Wressle discovery (8.33%) – progressing Field Development Plan
Wressle discovery (8.33%) – progressing Field Development Plan for oil production late 2016 • PEDL180/PEDL182 licences are in Lincolnshire in the established East Midlands producing province – On trend with nearby discoveries at Crosby Warren, Brigg and Broughton • Licences contain the Wressle-1 dis
Slide 10: PEDL182 Broughton North Prospect (8.33%)
PEDL182 Broughton North Prospect (8.33%) - Broughton North Prospect mapped on high quality 3D seismic data • The acquisition affiliates two prospective licence areas, already demonstrated by the Wressle-1 oil and gas discovery • Broughton North Prospect mapped on high quality 3D seismic data • The W
Slide 11: 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 11
Slide 12: Wressle well site testing operations
Wressle well site testing operations 12
Slide 13: Testing at Wressle-1 discovery
Testing at Wressle-1 discovery 13
Slide 14: Flaring at Wressle-1 discovery
Flaring at Wressle-1 discovery 14
Slide 15: PEDL005(R) Keddington oilfield (10%) – producing asset
PEDL005(R) Keddington oilfield (10%) – producing asset 15
Slide 16: PEDL005(R) Keddington oilfield (10%)
PEDL005(R) Keddington oilfield (10%) • Union Jack’s first production interest acquired in September 2015 – Acquired a 10% interest in Keddington, associated infrastructure and production facilities • Will look to maximise the value of the “Greater Keddington” area – Licence has significant potential
Slide 17: Keddington production facilities
Keddington production facilities 17
Slide 18: Keddington-5 drilling operations
Keddington-5 drilling operations 18
Slide 19: Louth Prospect (10%)
Louth Prospect (10%) Be UNION JACK OIL 19
Slide 20: North Somercotes Prospect (10%)
North Somercotes Prospect (10%) 20
Slide 21: PEDL253 Biscathorpe Prospect (12%)
PEDL253 Biscathorpe Prospect (12%) – large drill-ready prospect with planning consent 21
Slide 22: PEDL253 Biscathorpe Prospect (12%)
PEDL253 Biscathorpe Prospect (12%) – large drill-ready prospect with planning consent 22
Slide 23: 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 Oil Field and the Louth and North Somercotes prospects • The Biscathorpe-1 well drilled by B
Slide 24: Biscathorpe Prospect
Biscathorpe Prospect Saltfleetby South Elkington Keddington Prospect 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 secti
Slide 25: Biscathorpe Prospect seismic line
Biscathorpe Prospect seismic line Biscathorpe Louth Keddington 25 Saltfleetby 25
Slide 26: PEDL241 North Kelsey Prospect (20%)
PEDL241 North Kelsey Prospect (20%) – drill-ready prospect with planning consent 26
Slide 27: 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 27
Slide 28: 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 29: PEDL201 Burton on the Wolds (10%)
PEDL201 Burton on the Wolds (10%) – significant unconventional prospectivity 29
Slide 30: 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 31: PEDL143 Holmwood Prospect (7.5%)
PEDL143 Holmwood Prospect (7.5%) – Acquisition brings the first Weald Basin licence interest to Union Jack’s UK onshore portfolio 31
Slide 32: PEDL143 Holmwood Prospect (7.5%)
PEDL143 Holmwood Prospect (7.5%) – Acquisition brings the first Weald Basin licence interest to Union Jack’s UK onshore portfolio • Holmwood -1 is a high impact exploration well with planning consent and is expected to be drilled during H1 2017 • The Operator estimates the unrisked gross mean prospe
Slide 33: Union Jack investment summary
Union Jack investment summary • Low-risk onshore strategy and a balanced portfolio of seven licence interests • Portfolio positioned to deliver asset value growth • Early commercialisation planned for Wressle-1: Field Development Plan underway for first oil in late Q4 2016 – Three formations success
Slide 34: 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 – BDO: Auditor • Contact – Osborne Clarke: Solicitors info@unionjackoi
Slide 35: 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 36: 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
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