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Disclaimer
This presentation is incomplete without reference to, and should be viewed solely in conjunction with the oral briefing which accompanies it. This presentation does not constitute an offer to sell
or a solicitation of an offer to subscribe for or purchase any interest in any company and may not be relied upon by you. This document is not intended to, nor will it, form the basis of any
agreement in respect of any contract.
The content of this presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”).
Reliance on the information contained in this presentation for the purposes of engaging in any investment activity may expose the investor to a significant risk of losing all of the property or
assets invested. Any person who is in any doubt about the investment to which this presentation relates should consult a person duly authorised for the purposes of FSMA who specialises in the
acquisition of shares and other securities. The information in this presentation is subject to updating, revision and amendment. The information in this presentation, which includes certain
information drawn from public sources does not purport to be comprehensive and has not been independently verified. This presentation does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase or subscribe for or otherwise acquire, any securities in San Leon Energy plc (the “Company”) in any jurisdiction or any other body corporation or
an invitation or an inducement to engage in investment activity under section 21 of the Financial Services and Markets Act 2000, nor shall it or any part of it form the basis of or be relied on in
connection with any contract therefore. This presentation does not constitute an invitation to effect any transaction with the Company or to make use of any services provided by the Company.
No reliance may be placed for any purpose whatsoever on the information contained in this presentation or any assumptions made as to its completeness. No representation or warranty, express
or implied, is given by the Company, any of its subsidiaries or any of its advisers, directors, officers, employees or agents, as to the accuracy, reliability or completeness of the information or
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In the United Kingdom, this presentation is only being distributed to persons who are reasonably believed to be persons who fall within Articles 19 (1) and 19 (5) (investment professionals) or 49
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restrictions under Part V of the Criminal Justice Act 1993. Any financial projection and other statements of anticipated future performance that are included in this presentation or otherwise
furnished are for illustrative purposes only and are based on assumption by the Company’s management that are subject to significant risks and uncertainties and may prove to be incomplete or
inaccurate. Actual results achieved may vary from the projections and the variations may be material. Variations in the assumptions underlying the projections may also significantly affect
projected results. This presentation has not been examined, reviewed or compiled by the Company’s independent certified accountants. No representation or warranty of any kind is made with
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3
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
3. Near Term Production 44
4. European Shale Play 57
4
Key Data AIM Symbol: SLE US ADR Symbol: GLGYY Share price (21/2/13): 7.5p Market Cap (21/2/13): £140 million Shares Outstanding: 1,882 million 52 week price range: 7.29p – 13.00p 3 month avg. Volume: 5.1 million Directors ownership: 6.54%
Board of Directors Oisín Fanning Executive Chairman Paul Sullivan Managing Director John Buggenhagen Exploration Director Raymond King Non-Exec & Co. Sec. Jeremy Boak Non-Executive Director Con Casey Non-Executive Director John Conlin Non-Executive Director Daniel Martin Non-Executive Director John Matthews Non-Executive Director Piotr Rozwadowski Non-Executive Director
Significant Shareholders (1)
Toscafund Asset Management LLP 13.99% Quantum Partners LP 11.48% Blackrock Investment Mgmt Ltd 6.67%(2)
Kulczyk Investments S.A 4.70% Oisín Fanning (Executive Chairman) 3.23% Paul Sullivan (Managing Director) 3.18% Phil Thompson 3.02% Cheyne Capital Management (UK) LLP 1.92% Lord Sainsbury 1.52% Macquarie Bank Ltd 1.45% 55 North Capital Partners Ltd 1.08% 12 Month Share Price Performance
San Leon Energy Plc Key Information
(1) As at 21 February 2013 (2) Includes 0.09% CFD’s
5
• Independent E&P company listed on AIM with market cap of £140mm (€162mm) (1)
• Extensive and balanced portfolio of conventional and unconventional (shale/tight) assets across Europe and North Africa
• Diverse Prospect Inventory: develop a portfolio of prospects from low risk, short term, low cost exploration through to huge upside company maker plays
• Extensive land base: ~ 17.8 million net acres across 84 licences in 10 countries
• Experienced management and in-house technical team with local and regional expertise applying proven technology to underexplored acreage
• Secured material attractive acreage position through acquisition and organic growth:
• Gold Point Energy Corp. (Poland) - 2009
• Island Oil and Gas (Albania, Morocco, Ireland) - 2010
• Realm Energy International Corp. (Poland, Spain, France) - 2011
• Aurelian Oil and Gas Plc (Poland, Romania, Slovakia) - 2013
• Significant upside through carried exploration wells in Poland and Morocco
• NovaSeis: Established cableless land based seismic crew to increase control and reduce costs
• PGS seismic facility: Enabled offshore 3D seismic programmes in Ireland and Albania to de-risk assets
San Leon Energy Plc (SLE.L)
(1) As at 21 February 2013
6
Novaseis Vibration Trucks
Carboniferous Shale /
Tight Gas
Siciny-2
Baltic Basin Shale Gas,
Lewino 1G2
Baltic Basin Shale Gas
Szymkowo-1 Main Dolomite Oil, 2012
San Leon Energy Plc
NovaSeis Poland
NovaSeis Morocco
7
Albania 1 Licence 1.0 Million Net Acres
San Leon assets Poland 42 Licences 4.8 Million Net Acres
Germany 1 Licence 15.6 Thousand Net Acres
Spain 2 Licences 8 Under Application 2.2 Million Net Acres
Morocco 5 Licences 6.0 million Net Acres
France 10 Under Application 2.4 Million Net Acres
Ireland 8 Licences 0.6 million Net Acres
Romania 1 Licence 0.1 Million Net Acres
Bulgaria 1 Licence 0.1 Million Net Acres
Slovakia 3 Licences 0.3 Million Net Acres
Italy 2 Licences 0.2 Million Net Acres
San Leon Energy Plc Major European / North African Presence
84 Licences covering 28.5 Million Gross Acres / 17.8 Million Net Acres
8
Durresi Block, Albania Alban Prospect 3.2 Tcf/145 MMboe recoverable Drill Ready Offshore Conventional Gas/Condensate Target Farm-out in Process
SW Carboniferous, Poland Tight Gas and Shale Play 61 Tcf potential net recoverable resource Morocco Offshore
Foum Draa / Sidi Moussa 2 Bln bbls & 1 Tcf gas recoverable Farm-out complete Cairn $60mm well carry planned 2013/14 Genel $50mm well carry planned 2014
North Porcupine, Ireland Benbaun Prospect 180 MMbbl Recoverable Drill Ready Offshore Conventional Oil Target Farm-out in Process
Resources are based upon internal review and represent mid case gross best estimates unless otherwise stated
San Leon Energy Plc High Impact Exploration
Baltic Basin, Poland Paleozoic Shale Gas Play 1.5 million acres held with estimated 129 Tcf Prospective Resources in Baltic Basin Pilot 45,000 acre development estimated with 1Tcf recoverable
Morocco Onshore Tarfaya Oil Shale 100 MMbbl recoverable Unconventional (Utilises proven Enefit technology)
Targeting >5 Bln bbls and >100 Tcf resources across numerous High Impact
plays
Barryroe, Ireland 280 MMbbl Recoverable Conventional Oil Discovery 4.5% Net Profit Interest Zero future capital exposure
Morocco Onshore Tarfaya Casa Mar Lead 55 MMboe Recoverable Drillable Conventional Oil Target Morocco Onshore Zag Prospect 3.7 Tcf + 55 MMbbl Recoverable Conventional Oil & Gas Target
Morocco Onshore Zag Shale Gas Play 10+ Tcf Recoverable Unconventional resource
Main Dolomite Resource Oil Play, Poland Bln+ bbls potential net recoverable resource
9 All resources numbers are management best estimate Mid Case gross recoverable resources . Costs are gross estimates to prove the play. First production assumes success from current plans
San Leon Energy Plc Poland: Near Term Production Opportunities
Silvia Prospect Block 106 (50% Equity) 4.75 mmbbl and 18 bcf 12 bcf Czarne discovery close by First production 2014 ~3,700m exploration well + test
Rawicz (100% Equity) 12.8 bcf First production 2013 Exploration well + test
Siekierki Tight Gas Field Poznan East (90% Equity) Commercialisation of 3 existing wells 12 bcf SLE detailed Engineering review in progress Potential 422bcf contingent resources
Kowale Anticline Trend Karpaty West (60% Equity) 220 bcf Low cost shallow wells 3 Exploration wells First production 2014
Niebieszczany-1 Bieszczady (25% Equity) 0.6 mmbbl and 12.7 bcf Re-frac and test of Nieb-1
Rogity-1 Braniewo (40% Equity) 5.5 mmbbl Mid Case recoverable First production 2014 Vertical Frac
Czasław -1 Nowa Sol (100% Equity) 0.5 mmbbl Acidisation of existing well First production 2014
Putna Brodina, Romania (50% Equity) 24 mmbbl or 86 bcf Exploration well 2013/14
Siciny-2 Gora (100% Equity) Up to 225 bcf Frac existing well 2013 First production from successful frac
Net Recoverable Resource
Near-Term Commercialisation of existing wells
3 MMbbl and 240 Bcf
New Exploration 8 MMbbl and 555 Bcf
POLAND
10
Siekierki Finalise Apex Engineering review prior to decision on
early commercialisation
San Leon Energy Plc Potential 18 Month Forward Plan
2013 - 2014
Czasław, Nowa Sol Acidisation of existing well
Silvia, Block 106 Drill Vertical Exploration Well
Niebieszczany-1 Re-frac of existing Well & tie in
Karpaty West Drill 3 shallow vertical Expl
Wells
Rawicz Drill Vertical Exploration Well
Rogity-1 Frac & Test existing well
North Porcupine, Ireland Farm-out of licence prior to
drilling
Putna, Brodina 3D Seismic / Exploration Well
Siciny-2, Gora DFIT & Frac of existing well
Zag, Morocco Conventional gas prospect +
shale gas
Tarfaya, Morocco Casa Mar prospect + oil shale
studies
Durresi, Albania Farm-out of licence with
carried drilling programme
Sidi Moussa, Morocco Genel $50mm carry on
offshore well 2014
Foum Draa, Morocco Cairn $60mm carry on offshore well 2013/14
Gdansk West Frac and test Cambrian oil
potential in existing well
Early Production Potential
High Impact Potential
Medium Term Potential
11
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
Poland – Baltic Basin Shale Play
Permian Basin Tight Gas / Shale Play
Poland – Permian Basin – Main Dolomite Conventional Oil Play
Albania Offshore
Morocco Offshore and Onshore
Ireland Offshore
3. Near Term Production 44
4. European Shale Play 57
12
2. Permian Basin Permian Main Dolomite Oil Play Permian Rotliegendes Gas Play Carboniferous Unconventional Gas Play
1. Baltic Basin Paleozoic shale gas/condensate play
Poland Diverse Portfolio Across Many Plays
3. Carpathians Deep Fold Belt Oil/Gas Play Shallow Foredeep Oil/Gas Play
Carpathians
Carpathian Foredeep
Baltic Syneclise (basin) 42 Licences across 4.8 million Net Acres (7.0m Gross)
13
• Access to gas, condensate and oil plays in Paleozoic shales; known hydrocarbon-rich source rocks
• Brittle shales and carbonates favourable for fracking
• High potential in Lower Silurian, Ordovician, and Cambrian
• High liquids potential in Eastern part of basin
• Relatively simple tectonic setting with a complex stratigraphic model
• 129 Tcf of recoverable gas is estimated Baltic Basin area (1)
• Other majors exploring the Baltic Basin
– Conoco Phillips; ENI; Marathon; Nexen; BNK
Poland – Baltic Basin Paleozoic Shale Plays
(1) US EIA World Shale Gas Resources Report 2011
Ordovician and Silurian Gas/Condensate Potential
Ordovician and Silurian Overpressured Gas
Potential Silurian Oil Potential
Baltic Basin Acreage
14
Poland – Baltic Basin 129TCF Paleozoic Shale Play
Material Acreage Position: • 1.4 million gross acres (5,658 km2) • 0.9 million net acres (3,520 km2)
Basin wide Diversity:
• SLE is the only company in the Baltic with such a diverse geologic acreage position – gas, liquids, shallow, deep
Partnerships:
• Talisman Energy, Hutton Energy and LNG Energy
Talisman Energy farm-in:
• 3 wells drilled in 2011/12
• First 1,000+ metres horizontal and multi-stage frac planned in 2013
• Option for 3 additional wells
Huge upside potential in shale gas valuations: • US development shale gas acreage has traded for up to $38,000 per acre • Polish exploration shale gas acreage trading at $30- $500 /acre
15
Poland – Baltic Basin Acreage Valuations
10
100
1000
10000
$/A
cre Baltic licences proven with modern wells
Expected Value Per Acre Post Planned Work Programme
Petronas/Montney $6,000/acre
Exxon/Duvernay $4,500/acre
Statoil/Australia $15/acre
Initial Exploration in Basin. 1 – 20 vertical wells
Vertical/Horizontal wells with Frac and Flow Test 2 – 5 wells within Concession
Pilot Production/Production 30+ horizontal wells
Statoil/Bakken $11,500/acre
Shell/Marcellus $4,700/acre
Total/Australia $37/acre
5000
No wells
500
30000
Sasol/Talisman $38,000/acre
Total/Utica $15,000/acre
50 Baltic licences without modern wells
5
16
Gdansk West Pilot Programme
• Pilot Development Programme for Gdansk West
• 40% Equity
• Block split into 4 segments
• Pilot area is 1 segment of 183 km2
• 1.3 TCF gas and 40 mmbbl condensate estimated gross recoverable from Pilot Development
• Pilot development area covers only ~3% of San Leon’s total Baltic Basin acreage
• Total GIIP for Gdansk W Concession 12-18 TCF
Poland – Baltic Basin Gdansk West Pilot Development; >1 Tcf recoverable
Gdansk West Block
Resources are based upon internal review and represent mid case gross best estimates unless otherwise stated
17
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
Poland – Baltic Basin Shale Play
Permian Basin Tight Gas / Shale Play
Poland – Permian Basin – Main Dolomite Conventional Oil Play
Albania Offshore
Morocco Offshore and Onshore
Ireland Offshore
3. Near Term Production 44
4. European Shale Play 57
18
• Prolific onshore European hydrocarbon province
• 3 main target formations:
– Permian Main Dolomite of the Zechstein
– Conventional oil – Low cost/Low risk prospects
– Tight oil – Huge upside potential
– Permian Rotliegendes Sandstone
– Conventional – Low cost/Low risk prospects
– Tight gas – Huge upside potential
– Carboniferous Unconventional
– Shale
– Tight gas sand
Poland – Permian Basin Summary of Plays
• > 100 mmbbl oil in Main Dolomite
• > 7 TCF gas discovered in Rotliegendes
• Thick, unexplored Carboniferous source rock section
• San Leon Energy with dominant acreage position in southern part of basin (Fore-Sudetic Monocline)
19
• San Leon pioneering gas play in West Poland
• Carboniferous shales have sourced all Rotliegendes gas in Permian Basin
• Siciny-2 well drilled in 2012 providing rare core and extensive Carboniferous data
Poland – SW Carboniferous 61 TCF Risked Net Recoverable Tight Gas & Shale Play
• >10,000 km2 unexplored in Permian Basin under lease
• Siciny-2 suggests >200 Bcf/Section(1) GIIP in Tight Sand
• Upside of 70 Bcf/Section GIIP in Shale
• May extend across 13 San Leon licences
• This yields a risked 61 Tcf net recoverable resource
(1) A section is one square mile
20
Siciny-2
Poland – SW Carboniferous Basin Siciny-2, Gora Block – Carboniferous Gas Play
Forward Plan for Siciny-2 (225 Bcf)
• DFIT and Frac of Siciny 2 – 2013
• 40% Chance of Commercial Success of which
• 10% chance that 2 Bcf can be recovered flowing at 500 mscf/d
• 90% chance to drill a new 5,500m horizontal well
• Leading to a 225 Bcf development plan
• 49 well development
Forward Plan for Carboniferous Gas Play (~61 Tcf Net Risked Recoverable)
• Interpret recently acquired 3D seismic on Rawicz & Siciny
• Drill 3 additional appraisal wells in 2014 (Gora, Rawicz and Wschowa)
• Evaluation of development options
– Horizontal drilling; Frac design; Facilities and pipeline design
• Acquire 2D seismic in 2013 (Olesnica, Wielun, Praszka and Prusice)
• Drill Exploration wells in 2014 resulting 2D
• Evaluate possibility of Carboniferous exploration licences (Nowa Sol, 243/Laski & Cybinka/Torzym)
21
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
Poland – Baltic Basin Shale Play
Permian Basin Tight Gas / Shale Play
Poland – Permian Basin – Main Dolomite Conventional Oil Play
Albania Offshore
Morocco Offshore and Onshore
Ireland Offshore
3. Near Term Production 44
4. European Shale Play 57
22
• Billion+ bbl potential in Main Dolomite tight oil play
• Mississippi Lime / Bakken Analogue
• SLE controls more than 6,000 km2 of Main Dolomite platform and lagoon deposits within oil generating window.
• Low porosity intervals aided by highly fractured zones with high permeability
• Main Dolomite reservoir is self-sourcing
• Seismic processing may be used to detect sweet spots (high k)
• Industry-standard methodologies may be used to optimise productivity
– Underbalanced drilling
– Horizontal drilling
– Acidizing
– Fracking
Oil in fractured Main Dolomite in Sosna 1 core
Poland – Main Dolomite > Billion Bbl Risked Recoverable Tight Oil Play
23
• Play with proven production requires modern completion and stimulation practices to exploit properly
• Tight oil play in Main Dolomite platform/lagoon facies
• Potentially 4 Billion Barrels net risked across SLE licences
• Significant drilling in 1970’s. All wells have oil shows (oil in core, oil to surface in DST, smell of oil in drilling mud)
• 4 fields put on production in 1970’s
– Low production rates
– Minimal stimulation
– Non-optimal drilling and completion
• Remaining reserves in old oil fields.
• 20+ structures identified in 2011 3D seismic
– Folded Main Dolomite has higher likelihood of being fractured
• Lelechow and Czaslaw drilled in 2012
– Testing to optimize stimulation techniques
• Wells designed for horizontal sidetracks
• Prove completion and stimulation concept in Nowa Sol, then further drilling in other SLE licences
Poland – Main Dolomite Nowa Sol Project : > Billion bbl Tight Oil Play
Open Fractures
24
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
Poland – Baltic Basin Shale Play
Permian Basin Tight Gas / Shale Play
Poland – Permian Basin – Main Dolomite Conventional Oil Play
Albania Offshore
Morocco Offshore and Onshore
Ireland Offshore
3. Near Term Production 44
4. European Shale Play 57
25
• Up to 2 Billion barrels oil/gas condensate mean recoverable resources identified across numerous prospects
• Largest prospect 3.2 Tcf and 145 MMbbl gas condensate covered by high quality 3D seismic
• Huge upside in shallow biogenic gas play
• Deeper oil potential along the proven Apulian Margin trend with 35-100+ MMboe prospects
• Durresi Block – 4,200 sq kms
• San Leon Energy - 100% Interest
• Located in highly prospective Adriatic / Ionian Sea
• 840 sq kms new 3D data acquired in April 2011
• Prestack Time Migration completed Jan. 2012
• Prestack Depth Migration completed Oct. 2012
• First exploration well 2013/2014
• Close to Italian market and very attractive economics
Albania Durresi Block – 2 Billion Barrels Oil Equivalent
Net Pmean Unrisked Prospective Resources
Up to 2 Billion barrels of oil equivalent
All figures are Company Own estimated Mid Case gross recoverable resource
26
Three Working Petroleum Systems
1. Ionian zone – good to excellent quality source rocks of type I/II are present in the Upper Triassic, Lower Jurassic and Lower Cretaceous
2. Peri Adriatic Depression (PAD) – Tortonian to Pliocene terrigenous section is of poor type III source rock for gas while the Aquitanian/Burdigalian is slightly better.
3. Biogenic gas system – Due to fast rate of sedimentation and low geothermal gradient, the biogenic gas generation zone is thick (surface to 3500m) and key parameters are very similar to Po Basin, where 14 TCF of recoverable biogenic gas has been proven. On the Durresi Block, the A4-1X well found a 50 BCF biogenic gas accumulation. To the west of the Duressi Block, the Falco Field has proven 200 BCF of recoverable biogenic gas.
Four Proven Play Types 1. Miocene sandstones charged from the underlying Mesozoic section (Kucova, Patosi and Marinza oil fields, onshore Albania)
2. Cretaceous-Eocene age fractured carbonate reservoirs charged from the Mesozoic section (Rovesti, Aquila, Giove - offshore Italy; and Visoka, Gorishti-Koculi, Ballshi-Hekal, Finiq-Krane, Cakran-Mollaj, Amonica and Delvina oil fields -onshore Albania)
3. Miocene sandstones charged from Tertiary source rocks (Divjaka, Frakulla, Ballaj, Povelca, Panaja and Durresi - onshore Albania gas fields)
4. Biogenic gas accumulations in the post-evaporitic sequence, Po Valley analogue (Falco, Divjaka - onshore Albania], A4-1X – offshore Albania)
Albania Durresi – Highly Prospective Offshore Block
27
Alban Complex (Equity 100%)
• 3.2 Tcf and 145 MMbbl gas condensate mean case recoverable resources
• Alban Core and Alban East prospects
• Mature prospect covered by excellent quality 3D seismic
• 150m water depth with reservoir at approx 2,500 metres
• Currently seeking farm-in partner to carry in 1-2 offshore wells
• First exploration well 2013/2014;
• Development plan for subsea tie-back to terminal either Brindisi in Italy or Vlore in Albania
Albania Alban Complex – 3.2 Tcf prospect on Durresi Block
• Multiple prospects with up to 2 billion barrels of oil equivalent
Alban Core Alban
East
All figures are Company Own estimated Mid Case gross recoverable resource
28
Fault block `A`
Fault block `B`
A3-1X GR 5 Km 5 Km
N-S fullstack seismic profile through on the Alban structure
Alban Centre Prospect
Alban East Prospect
Alban Centre Prospect • In the crest of the Alban structure.
• Contains two likely to be separated fault blocks with very strong seismic indications
• Pmean recoverable reserves: 2.3 Tcf of thermogenic gas + 108 MMbbls of condensate
• Chance of success: 36%
• Depth interval: 1400 - 2400m
Alban East Prospect • On the east of the Alban folded structure • Pmean recoverable reserves: 0.9 Tcf of
thermogenic gas + 37 MMbbls of condensate
• Chance of success: 34% • Depth interval: 2400 - 3400m
Albania Alban Complex Prospects
29
N S
Planned wells A3-1X
Durresi 3D Far stack arbitrary line
A3-1X GR (1200m – 2250m)
Note abrupt termination of amplitude at fault
Also there is a significant velocity anomaly below the prospect!
Albania Alban Centre Prospect
30
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
Poland – Baltic Basin Shale Play
Permian Basin Tight Gas / Shale Play
Poland – Permian Basin – Main Dolomite Conventional Oil Play
Albania Offshore
Morocco Offshore and Onshore
Ireland Offshore
3. Near Term Production 44
4. European Shale Play 57
31
Morocco Offshore Foum Draa / Sidi Moussa 2 Bln bbls & 1 Tcf gas Farm-out complete Cairn $60mm well carry planned 2013/14 Genel $50mm well carry planned 2014
Morocco Onshore Tarfaya Oil Shale 100 MMbbl recoverable Unconventional (Utilises proven Enefit technology Assuming 10,000 bpd facility) Upside of 500 MMbbl using larger facility
Morocco Onshore Tarfaya Casa Mar Lead 55 MMboe Gross Recoverable Drillable Conventional Oil Target
Morocco Onshore Zag Prospect 3.7 Tcf + 55 MMbbl Gross Recoverable Conventional Oil & Gas Target
Morocco Onshore Zag Shale Gas Play 10+ Tcf Recoverable Unconventional resource
Morocco Large and Diverse Plays; Excellent Fiscal Terms
Excellent fiscal terms: 30% corporate tax - after a 10 year production holiday Onshore & <200m water depth 10% royalty on oil production (first 300,000 tons of production exempt) 5% royalty on gas production (first 300 million cubic meters exempt) Offshore & >200m water depth 7% royalty on oil production (first 500,000 tons of production exempt) 3.55% royalty on gas production (first 500 million cubic meters exempt)
32
Foum Draa
• SLE retains 14.17% working interest
• $60MM well carry from Cairn Energy
• $20MM Bank guarantee paid
• 1st Exploration well 2013/2014
• 3,800 km2 3D acquired in 2002 by Shell
Sidi Moussa
• SLE retains 8.5% working interest
• $50MM well carry from Genel Energy
• $17MM Bank guarantee paid
• 1st Exploration well 2013/2014
• 1,460 km2 3D acquired in 2000
• Over 7,000 km 2D acquired from 1983-
1999
Total Unrisked Prospective Resources
Oil (MMbbl) Gas (Bcf)
P10 6,105 3,145
P50 2,139 1,009
P90 752 303
** NSAI Dec. 31, 2011 Resource Estimate
Morocco Offshore 2 Billion bbls Oil + 1 Tcf Gas on Block
De-risking through Farm-Outs
35
CASA MAR Prospect
13,434 km2
CASA MAR Prospect
Morocco Onshore Tarfaya Casa Mar Prospect – 55 MMbbl
Note: Resource figures are Company’s best estimate
36
Morocco Onshore Tarfaya Casa Mar Prospect
San Leon WI • 52.5% (Operator)
Resources • 55MMbbl Net P50 Unrisked
Prospective Resources
Overview
• Acquired 600 km 2D seismic
• Very favourable fiscal terms
• 1.9 million acres (7,700 km2)
• Large syn-rift structures (Triassic)
• Proven Tertiary play in southern part of license area
Casa Mar Prospect
• Oolitic shoal play with huge potential (Casa Mar Prospect, right)
• Structure trap ~55 MMbbl
• Strat trap upside >1 Bln bbl
• Jurassic source rock
Note: Resource figures are Company’s best estimate
W E
• Prograding shoal is under up to 300 km2 closure (mean case 66 km2) • Conservative resource estimate is 40 MMBO recoverable • Casa Mar SL-1 well planned for Q1 2014
Casa Mar drillable prospect targeting 55 mmbbl conventional
Oil
Oolitic formations are known for very high permeability/productivity
37
Morocco Onshore Tarfaya Oil Shale – 100 MMbbl Gross Recoverable
Note: Resource figures are Company’s best estimate
Tarfaya Oil Shale
• Envisaged 100 mmbbl gross recoverable shale oil using Enefit 280 proven technology
• Can recover 78 litres of oil per ton of rock
• Initial evaluation suggests a 5,000-10,000 bopd production capacity plant would be viable
• Continued commitment to proprietary in-situ retorting process (IVE)
• 22 Billion bbls Estimated in situ resource potential
Enefit 280 Plant (Narva, Estonia)
38
Morocco Onshore Tarfaya Oil Shale
Pre-feasibility 12 months
• Re-examine rock mechanics and kerogen characteristics
• Work with EOT(1) to establish yield and operating parameters
• 10 ton bulk sample testing in German plant
•Work with contractors on mining and construction plans
• Establish detailed costing for mining construction and equipment cost
• Finalise capital program • Formalise JV partnerships
• Work with ONHYM to crystallise commercial licence terms for shale oil exploitation
Licence application
Project execution 36 months from licence award
• Finalise equity and suppliers
• Order mining equipment
• Earth works for plant site
• Order long lead time items
• Fine tune plant design
• Finalise debt arrangement
• Commence construction
• Prepare haulage, storage and pit
• Strip overburden in preferred mine site
• Commission plant
Fiscal terms finalisation
(1) EOT – Enefit Outotec Technology
39
San Leon • 52.5% (Operator)
Resources • 14+ TCF Net P50 Unrisked
Prospective Resources
Overview
• 3.7 Tcf onshore conventional gas play at moderate depth
• 5.4 million acres (21,807 km2)
• Proven hydrocarbon system
• World-class Silurian source rock
• Structural closures in Cambrian through Devonian (500 BCF)
• Large gas discoveries to the east of the Licence and gas discovery to the south of Licence
• Repsol Discovery of 800 BCF in Algeria
• 190 sq km Devonian Reef imaged on 2D seismic (3.7 TCF)
• Unconventional Shale Gas Play (using SLE’s Polish shale gas experience)
Completed
Activity
• Merged basin-wide aeromagnetic survey
• Acquired 1,675 km 2D seismic in 2011 (NovaSeis acquisition)
Note: Resource figures are Company’s best estimate
Silurian Shale Play NW
Devonian Reef Play
Reef Play has >5 TCF recoverable in gas case (>700 MMBO in oil case)!
Proposed well (3700m) will test Devonian Reef (3.7 TCF potential) and Cambrian fractured carbonate
Morocco Onshore Zag – 3.7 Tcf Conventional Gas Prospect + Shale Gas
40
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
Poland – Baltic Basin Shale Play
Permian Basin Tight Gas / Shale Play
Poland – Permian Basin – Main Dolomite Conventional Oil Play
Albania Offshore
Morocco Offshore and Onshore
Ireland Offshore
3. Near Term Production 44
4. European Shale Play 57
41
Corrib Gas Field GIIP 1 TCF Triassic
27/4-1 Oil Discovery Middle Jurassic
Connemara Oil Field 150 MMBO Upper Jurassic
Spanish Point Gas Condensate Discovery 1.4 TCF and 160 MMstb Upper Jurassic
Burren Oil Discovery Lower Cretaceous
Celtic Sea Barryroe Oil Field Seven Heads Gas Field Old Head of Kinsale Schull
Rockall/Erris Margin Dooish and West Dooish Gas Condensate Discovery Triassic/Permian
Rockall
Slyne
North Porcupine
South Porcupine
Ireland: Licences
San Leon Licences
• 8 licences
• 1,333 MMboe prospective resources (Company est.)
• ~1 million acres
• 4 Offshore Atlantic Margin Licences
• All operated; 2,880 km2 area
• 4 Offshore Celtic Basin Licences
• Seven Heads Producing Gas Field (12.5% interest)
• Barryroe Oil Discovery – 4.5% Net Profit Interest
• Old Head of Kinsale
• Schull
Ireland – Key Facts
• Atlantic Margin – only 42 Exploration Wells
• Significant oil prospects
• Huge remaining potential
• Excellent Fiscal Regime
• Political stability
• Exxon drilling Q2 2013
Source: Hannon Westwood
42
Ireland: Atlantic Margin North Porcupine Licence 1/04
B Prospect
C1 Prospect
H Prospect
Connemara Field
J1 Lead
J2 & J3 Leads
7 km
11 km
18 km
FPSO Location
• New 3D survey revealed new, hitherto unrecognised, ‘B’ prospect at (2200m SS) in proven oil play directly analogous to UK Buzzard field
• Low risk 4-way dip closure with huge stratigraphic upside (21km2); Play elements proven at Connemara
• Pmean recoverable reserves 180 MMbbl, GCoS 33%
• P10 470 MMbbl
• Potential to tie in further fields and prospects identified on Licence, including discovered Connemara Field
• San Leon Energy (Operator) 74%*; Supernova (Bluewater) 20%; Valhalla Oil & Gas 6%
Development Plan
• 400m water depth; 2500m reservoir depth
• 14 production well development (Mid Case); 7 water injection wells
• Subsurface facilities with FPSO
*Subject to Regulatory approval
43
4.5% Net Profit Interest in Barryroe
field
P50 NPV10 = $88 MM*
(1) February 2011 RPS Energy Report for Landsdowne Oil & Gas plc adjusted to Providence Resources (Operator) recent announcements (2) Calculated from Seymour Pierce research report Oct 2012
Ireland: Celtic Sea Barryroe Field 4.5% NPI
San Leon holds 4.5% Net Profit Interest on Barryroe Oil Field; No further capital exposure
Operator currently further evaluating field:
• Assigned P50 STOIIP(1) of 1.8 bln bbls of oil across 4 horizons (P10 – 2.8 Bln bbls)
• Assigned 280 MMbbl P50 recoverable resource (1) from two horizons
• P50 NPV10 = $88 million net to SLE (2)
• 430 API – premium light quality oil
• Updated Operator CPR expected Q1 2013
Oil Recovery Recoverable NPV /
STOIIP Factor Reserves boe NPV
mmbbl % mmbbl $/boe $mm
Basil Wealden 756 31% 234 7.0 1,641
Middle Wealden 287 16% 46 7.0 321
Lower Wealden 416 0% - 7.0 -
Purbeckian 362 0% - 7.0 -
Total 1,821 280 1,962
4.5% NPI 88
(2) (1) (1) (1)
44
San Leon Energy Plc
Page 1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
3. Near Term Production & Other Assets 44
Silvia, Block 106 - Permian Main Dolomite, Conventional Oil Play
Czasław, Nowa Sol – Permian Main Dolomite Tight Oil Play
Rawicz - Permian Rotliegendes, Conventional Gas Play
Siekierki, Poznan East - Permian Rotliegendes, Tight Sandstone
Rogity-1, Braniewo - Baltic Basin
Kowale Trend, Karpaty West – Carpathians
Niebieszczany-1, Bieszczady - Carpathian Krosno Play
Putna, Brodina - Romanian Carpathians
4. European Shale Play 57
45 All resources numbers are management best estimate Mid Case gross recoverable resources . Costs are gross estimates to prove the play. First production assumes success from current plans
San Leon Energy Plc Poland: Near Term Production Opportunities
Silvia Prospect Block 106 (50% Equity) 4.75 mmbbl and 18 bcf 12 bcf Czarne discovery close by First production 2014 ~3,700m exploration well + test
Rawicz (100% Equity) 12.8 bcf First production 2013 Exploration well + test
Siekierki Tight Gas Field Poznan East (90% Equity) Commercialisation of 3 existing wells 12 bcf SLE detailed Engineering review in progress Potential 422bcf contingent resources
Kowale Anticline Trend Karpaty West (60% Equity) 220 bcf Low cost shallow wells 3 Exploration wells First production 2014
Niebieszczany-1 Bieszczady (25% Equity) 0.6 mmbbl and 12.7 bcf Re-frac and test of Nieb-1
Rogity-1 Braniewo (40% Equity) 5.5 mmbbl Mid Case recoverable First production 2014 Vertical Frac
Czaslaw-1 Nowa Sol (100% Equity) 0.5 mmbbl Acidisation of existing well First production 2014
Putna Brodina, Romania (50% Equity) 24 mmbbl or 86 bcf Exploration well 2013/14
Siciny-2 Gora (100% Equity) Up to 225 bcf Frac existing well 2013 First production from successful frac
Net Recoverable Resource
Near-Term Commercialisation of existing wells
3 MMbbl and 240 Bcf
New Exploration 8 MMbbl and 555 Bcf
POLAND
46
• First-mover advantage – San Leon has secured the largest acreage position in Poland after the state company PGNiG
• 42 licences covering 4.8 million net acres
• Partnerships – Important strategic partnerships with PGNiG, Talisman Energy, Hutton Energy, Celtique Energy and LNG Energy
• Diverse portfolio – Baltic Basin Paleozoic shale gas; Carboniferous tight/shale gas; and Permian conventional oil and gas
• Import dependency – High Russian dependency and strong demand to offset imports and dependence on coal
• Strong economics – High oil and gas prices linked to oil prices coupled with low royalty and tax regime
• Politics – Stable political environment
• Infrastructure – Good infrastructure close to onshore assets
• Underexplored – Central Europe is historically underexplored due to history and size of FSU reserves
Poland Attractive Economics and Political Regime
47
Czasław SL-1, Nowa Sol, Main Dolomite Proving up Billion+ BBL Tight Oil Play
• 170km2 3D seismic acquired 2011
• 20+ structures identified; follow up locations identified and being permitted for 2013
• Czasław SL-1 & Lelechow-SL1 drilled 2012
• Wells designed for horizontal sidetracks
Czasław SL-1
• Drilled Oct. 2012 targeting analogue untested Main Dolomite structure
• Additional play types: Permian Rotliegendes gas on trend with 3 Tcf discovered and producing fields; Carboniferous tight gas; Main Dolomite resource play
Forward Plan • Acidisation and frac of Czasław SL-1 Well • Assuming success, then 2 sidetracks planned • 500,000 bbl mid case recoverable • Prove concept in Nowa Sol, then further
drilling on other SLE licences • First production potentially 2013
Lelechow SL-1
Czasław SL-1
Lelechow-SL1
• Well drilled in Aug. 2012
• Encountered good oil shows
48
Torzym and Cybinka
• Sosna 1 well drilled in 2012
• 9 leads in Main Dolomite, each 10+ MMbbl (recoverable)
• High porosity Toe of Slope facies
• Lubiatow (40 MMbbl field) analogues
• Seismic inversion works well in analogue fields
• On trend with German production
High Porosity Talus Deposition? - Toe of Slope
Main Dolomite Basin Forward Plan
• Reprocess seismic data and run acoustic inversion
• Map low impedance events in inversion
• Drill Toe-of-Slope prospect • Prove up 5-10 MMbbl
Poland – Permian Basin Main Dolomite – Conventional Oil
49
Laski
• Main Dolomite Atoll complex
• Thick, reef facies on structural high
• 120 MMbbl structure (in place)
• High porosity reef facies
• Bronsko analogue (520 bcf)
Forward Plan
• Shoot 3D seismic data over Atoll – 2013
• Process and invert 3D survey, map prospect
• Drill exploration well 2014
Poland – Permian Basin Main Dolomite – Conventional Oil
50
‘Silvia’ Prospect, Block 106 Permian Main Dolomite, Conventional Oil Play
• Drill-ready 5 – 10 MMboe conventional oil prospect
• High quality 3D to reduce risk
• High porosity and thick reservoir well defined in seismic
• Offset production – Brzozowka field
• High pressure
• Close to existing High Methane Pipeline
Forward Plan
• Drill Silvia exploration well 2013
• 3-4 vertical 1,000+ bbl/day production wells
• Production may start 2014
• Additional oil and gas prospects in 106 licence
including 12 BCF Czarne gas discovery
51
Rawicz Permian Rotliegendes, Conventional Gas Plays
• 7+ Tcf conventional gas discovered in Rotliegendes in Polish Permian Basin
• Permian under-explored, little modern 3D data
• San Leon has concessions covering unproduced discoveries:
– Rawicz discovery (~10 Bcf), Rawicz Licence; Czarne discovery (12 Bcf), Block 106 Licence; Dobrzen discovery (9 Bcf), Prusice Licence
• Additional Rotliegendes fields will be imaged in new 3D seismic
– Zuchlow Lead (Gora Licence); Izbice Lead (Gora Licence); Mallorca Lead (Gora/Wschowa Licence); Block 106 Leads
Forward Plan for Rawicz
• Drill Rawicz appraisal well 2013
– anticipate first production 2014
– 12.8 Bcf gross mid case recoverable resource
– Close to existing gas infrastructure
– Additional development wells to follow in 2014 and 2015
• Continue seismic interpretation of Siciny 3D and other Permian Basin 3D’s - further develop Rotliegendes prospects
52 (1) Resources and NPV10 taken from RPS CPR (May 2012)
Siekierki Gas Field, Poznan East Permian Rotliegendes, Tight Sandstone
• Drilling:
• Trzek-1 vertical (2007); (flowed 2.5 mmscf/d)
• Trzek-2 MFHW (2011); (flowed 3.0 mmscf/d)
• Trzek-3 MFHW (2011); (flowed 3.2 mmscf/d)
• NPV10 €383 million gross (1)
Krzesinki-1 Gas Discovery (2011)
• GIIP: 5-20 Bcf GIIP (1)
• 3 bcf Recoverable Resource (Co. est)
• Requires frac of existing well then potential tie in to local industry
Siekierki Gas Field
• Contingent Resources: 422 Bcf 2C Gross Contingent Resources (1)
• GIIP: 2 TCF Mid Case GIIP (1)
• Current Plan: APEX undertaking an independent review of Siekierki to determine the next steps in the commercialisation of the ~9 bcf gas from existing wells and future long term development of the 422 bcf recoverable resource from the field
• Seismic: 420 km2 3D seismic and 500 km 2D seismic since 2007
53
Rogity-1, Braniewo Baltic Basin, 5.5 MMbbl prospect
• Rogity-1 well drilled 2012
• Discovered ~10 meters of oil in the Cambrian
• Structural high in the Middle Cambrian sandstone formation
• Prospect is a 3-way high-side fault bound closure, probably sourced from deeper Cambrian shales, and with Ordovician carbonates and shales as the top seal
• Average porosity is ~5%
• Based on offset wells, the Middle Cambrian sandstone is several 100 meters thick, and it is likely that the porosity increases below TD of Rogity 1
Forward Plan
• Test the Rogity-1 well, including frac
• 5.5 mmbbl mid case gross recoverable resource
• Vertical frac test of Rogity-1
• 4 horizontal well development
• Potential for first production from fracked Rogity-1 in Q4 2013
54
Kowale Trend, Karpaty West Carpathians
San Leon WI • 60% (Operator); PGNiG (40%)
Resources • 220 BCF Net P50 Unrisked Prospective
Resources
Overview
• Four licences 587,000 acres (2,349 km2)
• Working hydrocarbon system with production on licenses
• On trend with numerous fields in Czech Republic, to the west
• Close to existing infrastructure
• Multiple play types with opportunities for multi-target wells
• 52 leads identified on modern 2D seismic
• Relatively shallow target depths
Completed
Activity
• Acquired new 2D seismic
• Reprocessed legacy seismic
Example of a shallow gas amplitude anomaly which will be a likely candidate for upcoming
drilling campaign
Forward Plan
• High-grading of leads into drillable prospects
• Multi-well shallow drilling program planned for late 2013 (truck-mounted rig with low cost shallow wells)
• Possible 3D in 2014
Kowale Anticline Trend
• 220 Bcf Mid Case Prospective Resources
• Low cost drilling
• High recovery >50%
• Close to existing infrastructure
55
Niebieszczany-1, Bieszczady Carpathian Krosno Play
Bieszczady
• Numerous large leads and prospects identified across licence
• Niebieszczany-1 well drilled in 2011 on Tarnawa Central prospect identified new shallower play in Krosno
• 7.7 MMbbl OIIP and 72 Bcf gross GIIP; 2.4 MMbbl and 27 Bcf Gross 2C Contingent Resources(1)
• 346 MMbbl OIIP and 1.85 Tcf GIIP; 85 MMbbl and 954 Bcf Gross Prospective Resources(2)
• 30 MMboe already produced in licence from shallower horizons; very little deep exploration
• 60% seismic coverage across licences
Forward Plan
• Re-frac and test of Niebieszczany-1
• 0.6 mmbbl and 12.7 bcf estimated from single well
• Tie-in via 17km pipeline to Strachocina
• Potential for 2 additional wells to recover contingent resource
Niebieszczany-1 conceptual development plan
(2) 2012 CPR P50 Resources. Arithmetic addition of statistical aggregations assuming all intervals in each prospect are successful. (1) 2012 CPR 2C Contingent Resources
56
Putna, Brodina Romanian Carpathians
San Leon WI • 50% (Operator); Romgaz (50%)
Resources • 39 MMbbl (net for Putna Prospect) Net P50 Unrisked
Prospective Resources
Overview
• One licence 356,000 acres (1,449 km2)
• Working hydrocarbon system with significant fields on trend
• Best analogue is Lopushna field ~35km to the north (Ukraine) – 47 MMbbl recoverable
• Additional play types include biogenic gas (proven AVO targets)
• 3D will be acquired to de-risk and optimize location for the Putna Prospect, as well as identify other prospects
Completed
Activity
• Acquired new 2D seismic; Reprocessed legacy seismic
• Acquired Magneto-telluric (MT) survey
Planned
Activity
• Acquire ~150 sq km 3D seismic
• Drill Putna Prospect Q1/Q2 2014
Forward Plan
• 150 km2 seismic
• 4,000m Putna Well
• 24 MMbbl oil or 86 bcf gas prospect (50/50)*
* Company Estimated Mid Case Gross Unrisked Recoverable Resource
57
San Leon Energy Plc
Page
1. San Leon Energy Plc Overview 4
2. High Impact Exploration 11
3. Near Term Production 44
4. European Shale Play 57
58
• Several TCF shale gas potential
• Under-explored – Less than 500 exploration wells drilled.
• Active petroleum systems proven.
• Rich source rocks proven in wells and out-crop
• San Leon focus on unconventional resources in Northern Spain
• 2 licences granted
• 8 licences pending
• ~2 Million acres in total
• Excellent fiscal terms
• Current national debate on fracking
• Significant activity in Spain – Repsol
– Shesa
– BNK
– Union Fenosa
– Heyco
– Petroleum Oil and Gas
Spain Unconventional Resources
Geminis 118,463 Cantabrian
Libra 93,365 Cantabrian
Cronos 239,596 Almazon
Aquiles 252,927 Zaragoza
Pegaso 254,232 Pamploma-Jaca
Quimera 249,655 Pamploma-Jaca
Perseo 253,913 Solsona
Prometeo 254,566 Solsona
Atlas 255,349 Solsona
Hellios 256,032 Solsona
59
• 4 licences in Cantabrian and Pyrenees Basin
• Unconventional prospectivity in Carboniferous, Jurassic, Cretaceous and Eocene sections.
• Serablo field sourced by Eocene Flysh Shesa estimates 200 Tcf in Cretaceous
• Valmaseda Formation
• Ayoluengo field sourced by Liassic Jurassico Marino
• Offshore Gaviota field sourced by Carboniferous shale
Libra
Geminis
Pegaso Quimera
Quimera
Libra, Pegaso, Geminis
Libra
Geminis
Spain Cantabrian and Pyrenees Basin
60
• Shesa estimates 200 Tcf in Valmaseda Fm.
• Tested >30 mmcfd in 1960’s - without stimulation
• Valmaseda Fm. comprised of thick alternating shale sand sequences
• Black Flysch is thick, deep marine, high TOC shale.
• SLE holds > 200,000 acres in Libra and Geminis
Libra
Libra
Geminis
Pegaso Quimera
Spain Cantabrian and Pyrenees Basin
61
• 6 licences in Ebro Basin and sub-basins
• More than 1.5 million acres
• Paleozoic section is main target
• Organic rich shales in Carboniferous, Silurian and Ordovician
• Analogous to shale gas plays in Poland and Germany
• ShaleLog analysis on key wells
• 200 meter Silurian organic shale logged in Ballobar (Prometeo licence)
• 150 meters Paleozoic organic shale logged in Caspe (Helios licence)
• Organic shales well documented in outcrop in nearby mountains
Aquiles
Prometeo Perseo
Atlas Helios
Cronos
Caspe 1 Ballobar 1
Spain Ebro Basin
62
Paris Basin Cross section 4 - Potential Shale Targets
• Prospective > 100 MMboe
• Age: Upper Liassic (Toarcian)
• Kerogen: Type II
• Oil content: 60 kg of HC/ton
• TOC : 1 to 12% (Average 6%)
• Ro: <1.3 % (Oil window)
• Thickness : 10 to 70 m
France: Paris Basin – Licences Under Application
Upper organic shale member
Ba
se
To
arc
ian
T
op
Do
me
ria
n
Lo
we
r D
om
eri
an
Sch
ist
Ca
rto
n
Ba
nc d
e R
oc
Lower organic shale member
Middle Member
Application KM2
Date
Meaux 825 19/11/2009
Meaux (extension) 16 21/02/2011
Dicy 636 21/06/2010
Champcenest 52 15/03/2010
Montmort-Lucy 952 11/12/2009
Phithiviers 1,407 15/03/2010
Courpalay 118 19/11/2009
Sezanne 870 11/12/2009
Sens 775 11/12/2009
Samois S/Seine 370 25/05/2010
Blyes 3,283 20/04/2010
Sens-Est (Extension) 68 In Process
Rouffy 96 In ProcessWilliston Basin Paris Basin
Paris Basin vs. Bakken Shale
Applications Pending
W E
Paris Basin Cross Section
63
• NovaSeis was established in 2011 by San Leon Energy to acquire its onshore seismic data at significantly reduced costs with the flexibility to optimize acquisition parameters in difficult data areas while reducing the surface footprint.
• The Crew has recently completed the acquisition of more than 2,280 km of 2D seismic across SLE’s Tarfaya and Zag Licenses in Morocco; 100 km 2D Poland and 220 km2 3D in Poland with plans for more than 500 km2 3D and 1,500 km 2D in Poland.
NovaSeis
The Crew is equipped with:
• Cableless OYO Geospace Seismic Recorder (GSR) system
• 4,200 GSR/battery units – full 2D and 3D capability
• 5 Sercel NOMAD 65 vibrators sources (65,000 lbs)
• Full surveying capabilities
• In-field processing QC with Vista software
GSR Unit with Battery and Geophone string attached
64
Siekierki Finalise Apex Engineering review prior to decision on
early commercialisation
San Leon Energy Plc Potential 18 Month Forward Plan
2013 - 2014
Czasław, Nowa Sol Acidisation of existing well
Silvia, Block 106 Drill Vertical Exploration Well
Niebieszczany-1 Refrac of existing Well & tie in
Karpaty West Drill 3 shallow vertical Expl
Wells
Rawicz Drill Vertical Exploration Well
Rogity-1 Frac & Test existing well
North Porcupine, Ireland Farm-out of licence prior to
drilling
Putna, Brodina 3D Seismic / Exploration Well
Siciny-2, Gora DFIT & Frac of existing well
Zag, Morocco Conventional gas prospect +
shale gas
Tarfaya, Morocco Casa Mar prospect + oil shale
studies
Durresi, Albania Farm-out of licence with
carried drilling programme
Sidi Moussa, Morocco Genel $50mm carry on
offshore well 2014
Foum Draa, Morocco Cairn $60mm carry on offshore well 2013/14
Gdansk West Frac and test Cambrian oil
potential in existing well
Early Production Potential
High Impact Potential
Medium Term Potential
65
Oisín Fanning Executive Chairman [email protected]
Paul Sullivan Managing Director [email protected]
John Buggenhagen Exploration Director [email protected]
Ireland
3300 Lake Drive
Citywest Business Camp
Dublin 24
Ireland
+353 1 291 6292
London
43 Grosvenor Street
London, W1K 3HL
United Kingdom
+44 20 3617 3913
Warsaw
Mokotowska 1
Zebra Tower
00-640, Warsaw
Poland
+48 22 379 97 00
Nominated Advisor Broker Joint Broker Joint Broker
Westhouse Securities Ltd 1 Angel Court London EC2Y 7HJ
Macquarie Capital Advisers Ropemaker Place 28 Ropemaker Street London EC2Y 9HD
Fox-Davies Capital Ltd. 1 Tudor Street London EC2Y 0AH
FirstEnergy Capital 85 London Wall London EC2M 7AD
Contact Information