Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — focusIR Natural Resources Webinar (October 2023)
19 slides from Europa Oil & Gas (holdings)'s conference presentation, Oct 3, 2023
Slide 1: Europa Oil & Gas
Europa Oil & Gas focusIR Natural Resources Webinar 3rd October 2023 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
Slide 2: Disclaimer
Disclaimer The information contained in these slides and this presentation is being supplied to you by Europa Oil & Gas (Holdings) plc (Company No 05217946) on behalf of itself and its subsidiaries (together “the Company”) solely for your information and may not be reproduced or redistributed in who
Slide 3: Overview - Europa Oil & Gas (Holdings) plc
Overview - Europa Oil & Gas (Holdings) plc Europa (AIM: EOG) is building a balanced portfolio of producing, appraisal and exploration assets with minimal emissions within the net zero context Assets throughout the cycle with significant upside and multiple catalysts • Producing assets generating sig
Slide 4: UK Onshore
a UK Onshore guia Ci —resrers Some oe KK * EUROPA *, _Oil&Gas *
Slide 5: Wressle - Key Cash Generator
Wressle - Key Cash Generator • Wressle has one of the highest production rates in the UK onshore Cloughton • Gross revenue from Wressle of $42.5m since August 2021 (net PEDL343 c.$12.75m to EOG)1 • Wressle gas solution and subsequent additional revenues: Phase 1 Crosby Warren online with Phase 2 exp
Slide 6: Wressle: Further Development
Crosby Wressle: Further Warren-1 PEDL 182 Broughton North Prospect2 Development Crosby Warren East Penistone Flags – 0.3mmbbls 0 km 2 Ashover Grit – 0.2mmbbls Broughton North Wressle-1 Pad Europa 100% Broughton-1 Egdon 30% Europa 30% Union Jack 40% Wressle-1 Egdon 30% PEDL 180 Downhole Europa 30% Un
Slide 7: Cloughton – PEDL343
Cloughton – PEDL343 • Discovered in 1986 • Carboniferous sandstones with excellent salt seal • Simple 4-way anticline • Flowed at up to 28,000 mscft/d • Flow potential 6 mmscf/d • Sweet gas >98% methane/ethane • GIIP Pmean 192 bcf • Stakeholder engagement ongoing • A well is required to prove commer
Slide 8: UK Offshore
UK Offshore
Slide 9: Serenity Field
Serenity Field • Oil discovery at well 13/23c-10 announced October 2019 by i3 Energy • Drilled down-dip of Tain oil field (32° API oil, flow-tested 6,270 BOPD & 1.6 MMSCFD) • S1 well encountered 31.7o oil (11ft) in Upper Captain sands (30% porosity). Matches the oil from Tain and Blake • S2 was dril
Slide 10: Serenity Development Options
Serenity Development Options • Although the S2 appraisal well encountered water-wet sands, there is a commercial project that can be developed from the discovered resources established by the S1 well • With our partner i3 Energy, we continue to evaluate development options either involving a tie-bac
Slide 11: Ireland
Ireland Bellanaboy Gas Terminal, Co Mayo
Slide 12: Prospectivity & Way Forward
Prospectivity & Way Forward • FEL 4/19 held 100% by Europa • Inishkea West is a 1.5 TCF prospect, a Corrib play and structural analogue • Targeting exploration well 2025 • Robust economics • Very low emissions intensity – FEL 4/19 gas is forecast to be 2.8 kgCO2e/boe1 • Inishkea West has the potenti
Slide 13: Inishkea & Inishkea West
Inishkea & Inishkea West • Inishkea West (1.5 TCF Pmean) prospect • Same world-class Triassic gas play as Corrib gas field • 4-way closure • 18 km from Corrib infrastructure • Reprocessed seismic has improved imaging Prospective Volumes (BCF Prospective Resource) and reduced primary seal risk Prospe
Slide 14: Ireland’s Annual Gas Supply & Demand
Ireland’s Annual Gas Supply & Demand • SEMO issued 20 system alerts since 2020 (13 were issued from 2010- 2019) • 3 coal burning generators restarted in Co Clare since 2021 • 2 GW of new gas generators planned Leo Varadkar – Mar 2023 “- Our view [Irish Government] is that we will continue to need to
Slide 15: Board Directors
Board Directors Will Holland Alastair Stuart CEO COO Commercial, Corporate finance, Petroleum Eng, Commercial, Corporate governance, Mech Eng New Ventures, Management Simon Oddie Brian O’Cathain Stephen Williams Non-Executive Director Non-Executive Chairman Senior Non-Executive Director Petroleum En
Slide 16: New Ventures
New Ventures • Value driven • Target the best deals for EOG • Opportunity cost in both staff time (G&A) and EOG financial resources • New opportunities measured against - • Strategic Fit to EOG portfolio • Match to EOG core skillset • Materiality – significantly move EOG valuation • Risk – acceptabl
Slide 17: Financial Highlights: 6-month period ended January 2023
Financial Highlights: 6-month period ended 31 January 2023. • Highest interim revenues recorded in Company’s history as a result of continued excellent operational performance and a strong oil price • Revenue £3.7 million (H1 2022: £2.2 million) • Gross profit £1.5 million (H1 2022: £0.9 million) •
Slide 18: ESG Credentials
ESG Credentials Europa is working to contribute to local energy security and the global transition to a low carbon economy while delivering value to all stakeholders. With a goal of going beyond the necessary ESG-related requirements, the Europa Board ESG Committee initiated a project in Q3 2022 to
Slide 19: Europa Oil & Gas
Europa Oil & Gas www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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