Buccaneer Energy PlcLSE: BUCE

Engage Investor Presentation

· Issued by Buccaneer Energy Plc

Building Value

Corporate Presentation

June 2025





Nostra Terra Oil and Gas - "NTOG"

  • London Stock Exchange - "AIM" Listed Public Company

    • Founded in 2005

    • Focused on US onshore conventional production

    • US Operating Subsidiaries

      • Buccaneer Operating LLC - East Texas

      • New Horizons Energy - West Texas/South Texas

  • Three Principal Areas of Interest

    • South Texas - Atascosa County - Hook Field - 5 bopd

    • West Texas - Mitchell County - Grant Area - 10 bopd

    • East Texas - Wood County - Pine Mills & Fouke Fields - 130 bopd

  • Significant Management Change ~ 12 months ago

    • Long serving CEO of 17 years stepped down

    • Changed up the BOD - Technically focused team

      • Sold select West Texas Assets

      • Put South Texas Assets on the Market

      • Cut expenses by 25%, increased production by 80% (Pine Mils Asset), increased profit/bbl by 50%

    • Focused new investment into the East Texas assets - 2 Phase Workover program

  • Workover Program has Transformed Production and Cashflow







    Nostra Terra Oil and Gas - Team

    Steve Staley Non-Exec Chairman

    • Dr Staley has more than 40 years of management and technical experience in the European, African, and Asian oil, gas, and power sectors, including with Conoco and BP.

    • Dr Staley was the founding Managing Director of upstream start-ups Upland Resources Ltd, Fastnet Oil & Gas plc and Independent Resources plc and a Non-Executive Director of Cove Energy plc.

    • He holds a BSc (Hons.) in geophysics from Edinburgh University, a PhD in petroleum geology from Sheffield University and an MBA from Warwick University. He is a fellow of the Geological Society and a member of the Geoscience Energy Society of Great Britain.

      Paul Welch Director, CEO

    • International energy executive with over 35 years of industry experience, starting at Shell (15 years), Hunt Oil & Pioneer Natural Resources.

    • CEO appointments include AIM-listed explorer Chariot Oil (2009-13), SDX Energy (2013-2019). Currently: CEO of Cosimo Holding Ltd in 2019. and NTOG PLC in 2024. He is also the Chairman of ALT Resources, a mining royalty and streaming Company listed in London.

    • Paul has a BS and an MS in Petroleum Engineering from Colorado School of Mines and an MBA in Finance from SMU

      Jim Newman Non-Exec Director

    • Mr. Newman is an international energy executive with over 35 years of industry experience in multiple facets of the oil & gas industry, including well abandonment, well intervention, water management, and completions.

    • He started his career at Triple N Services (22 years), which he sold to Basic Energy Services LP, where he served in various positions for 13 years, ultimately as the Executive Vice President of Operations until he stepped down in 2021. He is the managing partner of Clean Rig Power and Dos Hermanos International and the CEO of Aquafortus.

    • He graduated from the Colorado School of Mines with a bachelor's degree in petroleum engineering and is a registered Professional Engineer in Texas, USA. .

Located in Wood County, East Texas, USA

  • Discovered in 1949 with cumulative production of 12.55 MMbbls

  • Conventional (Woodbine) East Texas reservoirs (shallow)

  • 100% Operated WI by NTOG

  • Averages 100 bopd from 17 producers and 4 injectors

    • Waterflood optimization: 30 - 45 bopd - In progress

  • Production enhancement upside from:

  • 1 well reactivation remaining: 6 bopd

  • 3 potential infill drilling opportunities: 300 bopd



Pine Mills - Overview





Pine Mills - Structure

Pine Mills Field - Production Base

Field Description:

Discovery Date: October 8, 1949

Structure: North/South - Faulted West Dipping Anticline

Size: 3.7 miles long

0.6 miles wide

High Quality Producing Intervals:

Avg Porosity: 24%

Avg Permeability: 1,100 md

Depth (ft) Oil in Place (MMBO)

  • Subclarksville: 4,535 13.95

  • Waggoner: 5,365 10.44

  • Woodbine: 5,400 9.25

  • Paluxy: 5,365 4.50

Total 38.14

Cumulative Production (12/24) 12.55 MMBO Recovery Efficiency (12/24) 33%

Remaining Potential (R.E. 50%) 6.54 MMBO

Plus several undeveloped fault blocks (Fouke Analogs)

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