Sound Energy Plc · LSE:SOU
Sound Energy — Investor Presentation (September 2017)
18 slides from Sound Energy's investor presentation, Sep 5, 2017
Slide 1: Investor Presentation Q3 2017
INVESTOR PRESENTATION Q3 2017 Updated 05/09/17
Slide 2: A Mid-Cap African & European Gas Company
A MID-CAP AFRICAN & EUROPEAN GAS COMPANY REGIONAL GAS STRATEGY SIGNIFICANT EXPLORATION KEY SHAREHOLDERS UNDERPINNED BY POTENTIAL IT A LY Strong European gas demand and local pricing Eastern Morocco up to 31 Tcf Pan European / African Strategic Partnership Southern Morocco up to 9 Tcf wit
Slide 3: The Team
THE TEAM Brian Mitchener JJ Traynor Exploration Director Chief Financial Officer Over 36 years experience in Oil & Gas Over 28 years experience in oil & gas and financial markets, including as Executive James Parsons exploration including as Regional General Vice President of Investor Relations at S
Slide 4: Compelling Regional Case for Gas
COMPELLING REGIONAL CASE FOR GAS Morocco Italy Growing gas • Low risk emerging market • Stable demand with high gas Casa Tiberi penetration • Gas increasingly dependency replacing other fuels • Strong domestic gas network Rapagnano SMG Dalla Disadvantaged • Circa 90% hydrocarbons • Circa 90% hydroca
Slide 5: Eastern Morocco: Extension of Proven North African Basin
EASTERN MOROCCO: EXTENSION OF PROVEN NORTH AFRICAN BASIN TENDRARA* 47.5% interest 8 exploration 14,500 km2 Operated permits acreage, 7 wells drilled ANOUAL* Atlas Mountains 47.5% interest Exploration 8,863 km2 TUNISIA Operated permit High Plateau Atlas MATARKA* Mountains Benoud 47.5% interest Reconn
Slide 6: Eastern Morocco: Early Drilling Results
EASTERN MOROCCO: EARLY DRILLING RESULTS EXISTING WELLS JK-1 ANOUAL TE-6 N Triassic TAGI TE-7 TE-2 discovery and TTE-8 TE E leads 21.2 Tcf RR-1 TE-5 potential 2500-3500 mMD TE-3 TE-6 TE-8 SBK-1 K 1 28m net pay, Paleozoic Play TE-1 TENDRARA 17 mmscf/d Opener and TE-4 & MATARKA achieved Extension of po
Slide 7: Eastern Morocco: Commercialisation
EASTERN MOROCCO: Tahaddart Power E AN COMMERCIALISATION 2 x 400 MW MEDIT ER RAN The Tendrara field will connect to the GME Oued Dhar Doum El Makhazine pipeline near Ain Beni Mathar village, a few 4 x 400 MW 2 x 400 MW km from the Morocco-Algeria border via a new Pipeline Oujda Offtake expected
Slide 8: Southern Morocco: Extension of the Meskala Petroleum System
SOUTHERN MOROCCO: EXTENSION OF THE MESKALA PETROLEUM SYSTEM Jorf Lasfar Power Plant SIDI MOKTAR 75% interest Exploration 2,699.7 km2 Operated permits Tahaddart Power 2 x 400 MW Safi Chemicals State owned Plant Phosphate Plant (OCP) Oued Dhar Doum El Makhazine Asset located 10km from the Meskala 4
Slide 9: Southern Morocco: Play Summary
SOUTHERN MOROCCO: PLAY SUMMARY Sidi Shallow (1000m to 3000m) N 0 10 20 30 40 km Gas discovery (Kechoula) in the T Argovian and Lower Liassic with 2 wells on structure ( Koba-1 and Kamar-1) Jurassic gas and oil Koba-1 Recent success perforating discoveries Kamar-1 and clean up test of Argovian
Slide 10: Upcoming Newsflow
UPCOMING NEWSFLOW July Ongoing 2017TENDRARA 2D Seismic and Aerial Gradiometry September 2017 EASTERN MOROCCO Forward work programme Q4 2017 SIDI MOKTAR Koba-1 (Argovian): Well test Q4 2017/Q1 2018 TENDRARA Drilling: Further multi Tcf exploration drilling End 2017/ Early 2018 TENDRARA Concession & FD
Slide 11: Summary
SUMMARY ACCESS TO LOW COST ONSHORE STRONG CORPORATE m GAS PLAY IN TOP TIER EMERGING GOVERNANCE MARKET (MOROCCO) Industry experienced Board with balance of Recent potential multi Tcf onshore technical, commercial and financial skills gas discovery in Morocco Strong domestic demand and infras
Slide 12: Appendix
APPENDIX Slide 11 Investor Presentation Q3 2017
Slide 13: Capital Structure as at August 2017
CAPITAL STRUCTURE AS AT 22 AUGUST 2017 Current shares in issue 735.4 million Cash and cash equivalents £38.2 million Shares to be issued €28.8 million corporate bonds £25.3 million • 5% coupon 24.0p warrants o/s (Expire May 2020) 22.3 million • Due 21 June 2021 30.0p warrants o/s (Expire June 2021)
Slide 14: Tendrara – Cross Section
TENDRARA – CROSS SECTION Slide 13 Investor Presentation Q3 2017 After Craig et al 2008
Slide 15: Eastern Morocco Basin & Petroleum System
EASTERN MOROCCO BASIN & PETROLEUM SYSTEM NW SE Multiple source rocks in Silurian, 0 Devonian, Carboniferous well NW 1 SE documented in surrounding 0 basins and underpin the prolific 2 DEPTH IN KILOMETRES 1 Algerian plays 3 2 Sufficient charge volumes DEPTH IN KILOMETRES 4 generated post the He
Slide 16: For more information please contact
For more information please contact: James Parsons Brian Mitchener Chief Executive Officer Exploration Director [email protected] [email protected] JJ Traynor Detailed information on Chief Financial Officer our investor website: [email protected] www.soundenergypl
Slide 17: Disclaimer
Disclaimer: This presentation and any additional documents handed out at any meeting (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange plc or by any authority which could be a competent authority for the purposes of the Prospectus Directive (Directive 20
Slide 18: Disclaimer continued
Disclaimer continued: Any recipient of these Presentation Materials who is in any doubt about the investment to which this presentation relates should consult an authorized person specializing in advising on investments of this kind. These Presentation Materials do not constitute a recommendation re
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