Jersey Oil & Gas PLC · LSE:JOG

Jersey Oil & Gas — Investor Presentation (September 2015)

13 slides from Jersey Oil & Gas's investor presentation, September 2015

1. Slide 1: Jersey Oil and Gas plc. Corporate Strategy

   Jersey Oil and Gas plc. Corporate Strategy September 2015

2. Slide 2: Disclaimer

   Disclaimer  The information contained in this document (the “Corporate Presentation”) has been prepared by Jersey Oil and Gas E&P Ltd (“JOG”). JOG is a UK company trading on AIM, a market operated by London Stock Exchange plc. This corporate presentation has not been fully verified and is subject t

3. Slide 3: Corporate Introduction

   Corporate Introduction  Jersey Oil and Gas plc. is an AIM listed company, managed and operated from Jersey, Channel Islands  Highly experienced E&P team with a multinational track record of operating assets and leading upstream-focused oil and gas companies  Not encumbered at previous high oil pr

4. Slide 4: JOG's Core Management Team

   JOG’s Core Management Team Andrew Benitz Ron Lansdell Scott Richardson Brown CEO, Director COO, Director CFO, Director Strengths: Commercial, Corporate, Strengths: Geophysics, Strengths: Finance, Corporate, Team Management Exploration Project Execution, Investor Relations, Commercial Selected experi

5. Slide 5: Business Combination – Jersey Oil and Gas and Trap Oil

   Business Combination – Jersey Oil and Gas and Trap Oil Business Combination  Recent business combination between Trap Oil Group plc. and Jersey Oil and Gas E&P Ltd.  Trap Oil acquired JOG E&P in an all share deal  JOG E&P executives were appointed to key management positions of the combined group

6. Slide 6: Production Asset Acquisition Strategy

   Production Asset Acquisition Strategy A production-led North Sea strategy  Objective is to build a diversified North Sea asset portfolio  Accordion-style acquisition strategy Target Asset Profile  Mature production assets with long profiles and upside potential  Oil and/or Gas  Sub-sea tie-back

7. Slide 7: North Sea Asset Acquisition Rationale

   North Sea Asset Acquisition Rationale Status of UKCS North Sea:  Recent improvements to the tax regime are indicative of the UK Government’s realisation that lower tax and cost reduction will be beneficial to the maximisation of long-term revenues  The industry is attacking its cost base - low oil

8. Slide 8: Existing Asset Portfolio

   Existing Asset Portfolio Romeo 13/11c Liberator 13/23a  JOG 73.125% WI, 2.143% Carried  JOG 10% WI, Carried to first oil  Three oil zones were encountered  Estimate net prospective resources as 0.2/0.9/1.9 mmBoe  Estimated net prospective resources: 28/52/88 mmBoe  Upside potential c.38 mmBoe

9. Slide 9: Conclusions

   Conclusions  Corporate Strategy is to build a North Sea production focused upstream oil and gas company  Management  Highly experienced Management: collegiate, dedicated, with broad domestic and international experience  Technical and Commercial skill sets to secure and manage a diversified upst

10. Slide 10: Appendix

    JERSEY OIL&GAS Appendix

11. Slide 11: JOG Production Management

    JOG Production Management  JOG Management have significant experience Selected Team Experience in the operated and non-operated – Production Management management of production and mid-stream assets • Managed Non-Operated North Sea: production >70,000bopd  JOG Management operates in line with UK a

12. Slide 12: Retention Asset P1610 Block 13/23a – Liberator Extension

    Retention Asset P1610 Block 13/23a – Liberator Extension Block 13/23a Block 13/23a Block 13/23a Liberator extension Liberator extension Liberator extension Min Case STOIIP; 9.7Mmbbls (100%) ML Case STOIIP 23.9 Mmbbls (100%) Max Case STOIIP: 51.0Mmbbls (100%) Top Captain Sst (K50) Depth Structure Blo

13. Slide 13: Retention Asset P1666 Block 30/11c - Romeo / Scarinish

    Retention Asset P1666 Block 30/11c - Romeo / Scarinish Romeo well 30/11c- 6C Romeo – pre and post drill Scarinish Firm well on Scarinish to be drilled late 2015/early 2016 Principal Seismic: CGGV 3D LO (2002) Water Depth 285ft SW NE Top Fulmar • Romeo oil discovery • 30/11c-6C well drilled by Suncor

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