2
www.sterlingenergyplc.com
Disclaimer
This presentation has been prepared by, and is the sole responsibility of, the directors of Sterling Energy plc (the Company).
This presentation and the information contained in it does not constitute a prospectus or listing particulars relating to the Company and has not been approved by the UK Listing
Authority, nor does it constitute or form any part of any offer or invitation to purchase, sell or subscribe for, or any solicitation of any such offer to purchase, sell or subscribe for, any
securities in the Company, nor shall this presentation or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract therefore.
No reliance may be placed, for any purposes whatsoever, on the information contained in this presentation, or upon its completeness or accuracy and this presentation should not
be considered a recommendation by or on behalf of the Company or any of its directors, members, officers, employees, agents, advisers or any other person in relation to any
purchase of, or subscription for, ordinary shares.
No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, members, officers, employees, agents, advisers or any other
persons as to the accuracy, fairness, completeness or sufficiency of the information or opinions contained in this presentation and none of the information contained in this
presentation has been independently verified or approved. All financial information contained within this presentation has not been approved by the Companys auditors and, as
such, may be liable to change. Save in the case of fraud, no liability is accepted for any errors, omissions or inaccuracies in such information or opinions.
This presentation and its contents and any accompanying information communicated verbally as part of the presentation, including the speeches of the presenters, any question
and answers session and any materials distributed in connection with it, is being made only to and is directed only at (i) persons in the United Kingdom having professional
experience in matters relating to investments, being investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the FPO), (ii) high net worth companies, unincorporated associations and other bodies in the United Kingdom within the meaning of Article
49(2) of the FPO, (iii) in the United States to persons the Company reasonably believes to be qualified institutional buyers, as defined in Rule 144A(a)(1) of the United States
Securities Act of 1933, as amended (the Qualified Institutional Buyers) and (iv) persons to whom the presentation may otherwise lawfully be made (together Relevant Persons).
This presentation must not be acted on or relied upon by any persons who are not Relevant Persons. Any investment or investment activity to which this presentation relates is
available only to Relevant Persons and will be engaged in only with Relevant Persons.
Neither this presentation nor any copy of it may be distributed, forwarded to, or transmitted in or into the United States of America (except to persons the Company reasonably
believes to be Qualified Institutional Buyers), Canada, Australia, Republic of South Africa, Japan or their respective territories or possessions or to any national, citizen or resident
thereof or any corporation, partnership or other entity created or organised under the law thereof, nor into any other jurisdiction where the distribution thereof would breach any
applicable law. Any failure to comply with the foregoing restrictions may constitute a violation of United States, Canadian, Australian, South African or Japanese securities laws. The
distribution of this presentation in other jurisdictions may be restricted by law and any persons into whose possession this presentation comes should inform themselves about and
observe any such restrictions.
This presentation must not be copied, reproduced, published, distributed, disclosed or passed to any other person at any time without the prior written consent of the Company. By
accepting receipt of this presentation you agree to be bound by the limitations set out above.
Certain statements in this presentation are or may constitute forward looking statements. Such forward looking statements involve risks, uncertainties and other factors which may
cause the actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed by such
forward-looking statements. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice.
4
www.sterlingenergyplc.com
32 Years
22 Years
Senior exploration, new ventures & management positions at Enterprise Oil,
Shell International, Marathon Oil & Apache (UK, US, Brazil and Australia).
Former Head of new ventures at Petrobras Oil & Gas BV (Africa focused
Private Equity JV). Mr Jersing has a BSc in Geophysics and an MSc in
Petroleum Geology from Imperial college.
Eskil Jersing
CEO
Michael
Kroupeev
Non Executive
Chairman
Shareholder aligned Board
Shareholder aligned Board (45% of fully diluted share positions represented)
Founding Director, Waterford Finance & Investments Ltd (Oil & Gas focussed
investment vehicle with shareholdings in companies with operations in Europe,
Africa, North America and Australasia)
Previously Non-executive director of Sibir Energy Plc & Dana Petroleum Plc
29 Years
Senior E&P executive with an MSc. in Petroleum Engineering from Delft
University, the Netherlands. Following a successful career with Shell
International, he has been involved in multiple successful business start ups of
scale including EDP ltd, TAQA Bratani (UK) Ltd and TAQA Iraq BV. Executive
Chairman at Columbus Energy Resources plc
Leo Koot
Audit, Remco
Chairman & NED
12 Years
Representing Mistyvale Ltd. Investor in Private equity and Venture capital
projects through Supremum capital and Concentric VC. Focus on finance and
real estate sectors in Russia and UK. Previously with JP Morgan, Barclays
capital and VEB capital in M&A, Corporate finance and capital markets. Mr
Belyaev has an MSc in Mathematics from Moscow State University.
Ilya Belyaev
NED
5
www.sterlingenergyplc.com
Transformative growth platform / shell
Major shareholders represented on the Board
Strong balance sheet, with ~US$83.1 million cash and
disciplined approach in low oil price landscape
Debt free & fully funded
Continued Portfolio management
Pro-actively focused on Chinguetti abandonment &
decommissioning (A&D) program
Odewayne revised farm-out terms (Payment of $3.5m
and transfer of 6% to Petrosoma to cancel $8m
contingent payment in April 2017)
Odewayne 1,000kms 2D seismic campaign complete
Mauritania C-10 disciplined exit at low cost
Capital discipline
Q4 2017 move to smaller office
2017 G&A costs ca.31% lower than 2016 (2018
forecast of $2.9m)
Focused M&A
Transformative shareholder driven mandate
Broadened jurisdictional focus
2P/2C onshore / shallow water bias with low break
evens
Disciplined M&A driven growth
Value driven, uniquely positioned for material growth
Mauritania
Somaliland
Odewayne
Sterling 34%
Genel 50% Op.
Petrosoma 16% PSC-B Chinguetti
Sterling ~ 9% E.I.
Petronas 47.38%
Op.
M&A focus
