Borders & Southern Petroleum plc · LSE:BOR
Borders & Southern Petroleum — Shareholder Meeting (June 2017)
10 slides from Borders & Southern Petroleum's shareholder meeting presentation, Jun 26, 2017
Slide 1: Annual General Meeting
Borders & Southern Petroleum Annual General Meeting 26 June 2017
Slide 2: Important Notice
Important Notice These presentation materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities or investment in or assets of Borders & Southern Petroleum plc nor any invitation or inducement to e
Slide 3: Activity 2016-2017
Activity 2016 -2017 As at 31 December 2016: Progress During 2016: 2017 Objectives: Cash Balance: $9.65 million • Scoping development study • Farm-out / funding • Reservoir modelling • Sub-surface analysis No Debt • Sub-surface evaluation • Project sensitivities • Commercial analysis • Control expend
Slide 4: Darwin
Darwin • Liquids rich, gas condensate discovery • Exceptionally imaged, high quality reservoir • P50 un-risked resource: 360 million bbls • Breakeven oil price $40 per barrel • Lower breakeven oil price possible • Very Attractive near-field prospectivity • Awaiting appraisal Darwin Discovery AGM - J
Slide 5: Darwin – Scoping Development Project
Darwin – Scoping Development Project Brent Crude Oil Prices – 10 Year Daily Chart Average breakeven prices and payback time Breakeven Oil Price: $40 per barrel for not sanctioned projects by segment supply Average Brent Breakeven Price ($/BBL) 100 140 Why is Darwin commercially competitive ? 120 80
Slide 6: Global Oil Supply Cost Curve and Breakeven Prices ($)
Global Oil Supply Cost Curve and Breakeven Prices ($) Source: From IMF World Economic Outlook (April 2017), Rystad Energy Research and analysis AGM - June 2017 5
Slide 7: Significant Growth Potential
Significant Growth Potential Discovered Resource & Near-Field Prospectivity PL 018, 019, 020 - 40 Blocks (10,000 sq. km) Stokes 1.5 Sulivan Oil & Condensate (billion barrels) 1.0 61/17-1 Covington Morgan 0.5 Darwin Morgan 61 62 63 0 2,517 sq.km PSDM 3D seismic Untested prospects Area of near-field e
Slide 8: Near-Field Prospectivity
Near-Field Prospectivity 61/17-1 Darwin Stokes Sulivan AGM - June 2017 8
Slide 9: Darwin Project
Darwin Project High Quality Resource Low Breakeven Oil Price Scoping Development Plan Supportive Government Project Funding Courtesy of APL AGM - June 2017 9
Slide 10: Address: 33 St James's Square London
Address: 33 St James’s Square London SW1Y 4JS Telephone: 020 7661 9348 [email protected] www.bordersandsouthern.com AGM - June 2017 10
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