Coro Energy PLC · LSE:CORO
Coro Energy — Shareholder Meeting (March 2018)
11 slides from Coro Energy's shareholder meeting presentation, Mar 29, 2018
Slide 1: General Meeting
General Meeting 29 March 2018
Slide 2: Important Information
Important Information This presentation, any other document handed out at the meeting and any accompanying verbal presentation (together the “Presentation Materials”) are being provided to a limited number of specific parties within the United Kingdom only, not the public at large, who may be intere
Slide 3: Overview
Overview Coro Energy plc is a London Stock Exchange listed, pan Euro-Asian upstream oil and gas exploration and production company Twenty year operating history and track record Company snapshot − Full cycle E&P company, operating in Italy since 1997 − Listed on London Stock − Currently operating 5
Slide 4: Why SE Asia? Demand Side Growth
Why SE Asia? Demand Side Growth Power demand growth per capita in the developing nations of Asia is expected to far outstrip that of developed economies Electricity Demand per Capita (GWh / ppl millions) 2017 2035 15,000 Developed Economies Emerging Markets (Asia) 12,000 9,000 49% 48% 6,000 43% 121%
Slide 5: Why SE Asia? Attractive Gas Market Fundamentals
Why SE Asia? Attractive Gas Market Fundamentals The Supply-Demand gap has driven attractive gas prices in the region, while the West has seen the opposite occur Gas Prices by Country (US$ / MMbtu) 2005 2016 12.0 SE Asia West 11.0 SE Asian gas prices have seen The US and UK have seen the considerable
Slide 6: SE Asia – Supply Side Restrictions
SE Asia – Supply Side Restrictions Several countries have substantial reserves, but Indonesia, Malaysia & Myanmar are believed to have significant undiscovered volumes Reserves (Bnboe) Gas Oil Undiscovered Resource (Bnboe) Gas Indonesia still has by far Substantial undiscovered 1.7 the largest gas r
Slide 7: SE Asia – Supply Side Restrictions
SE Asia – Supply Side Restrictions With no new gas production, Indonesia would become a net importer of gas in the mid 2020’s Gas Consumption & Production Forecasts (Tcf) 4.0 ~6 bcm (~200bcf) of The IEA believes new gas production production would need will contribute an additional ~70 bcm by Produc
Slide 8: Malaysia Opportunity
Malaysia Opportunity Malaysian acreage historically dominated by Petronas, Exxon & Shell over many years The Petronas 2018 Exploration Bidding Round will be focusing on 3 major oil & gas provinces, with 9 open blocks Malaysian Acreage Perceptions • Lack of acreage availability as dominated by Majors
Slide 9: What Are We Looking For?
What Are We Looking For? Criteria ▪P High-graded discoveries in Indonesia, Malaysia & Vietnam ▪P Preference for gas over oil, but chasing both ▪P Exploration-stage assets, where value to be added through technical de-risking and the drill-bit ▪P Appraisal-stage assets, low technical risks and smart,
Slide 10: Conclusions
Conclusions Coro Energy will deliver on its Vision in becoming a mid-tier, international explorer and producer. This strategy is underpinned by: 1 People Team with an enviable track record of value creation and deep regional expertise Platform 2 Cash generative asset base in Italy, strong balance sh
Slide 11: www.coroenergyplc.com
www.coroenergyplc.com