Pharos Energy Plc · LSE:PHAR
Pharos Energy — SOCO International — Shareholder Meeting (June 2011)
17 slides from Pharos Energy's shareholder meeting presentation, June 2011
Slide 1: 2011 AGM
SUC... WNTERW A THON TLD Bs s y | ~ . La ‘ ) 2011 AGM
Slide 2: Preface
Preface This presentation, which is confidential and is being supplied in the United Kingdom only to persons with professional experience in matters relating to investments for the purposes of the Financial Services and Markets Act 2000, does not constitute or form part of any offer or invitation to
Slide 3: Overview
Overview On track for August 2011 first oil from largest development project in Company’s history Northern platform initial production circa 40,000 BOPD, ramping up to test capacity of FPSO 55,000-65,000 BOPD by YE Entitlement interest roughly double working interest until cost carry recovered Secon
Slide 4: SOCO - Areas of Activity
SOCO - Areas of Activity VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED 4
Slide 5: Cuu Long Basin Production, Development and Appraisal Areas
Cuu Long Basin Production, Development and Appraisal Areas 30.5% WI 25% WI 58.5% WI 5
Slide 6: Full Field TGT Drilling and Development Scheme
Full Field TGT Drilling and Development Scheme H1/H2-WHP 4 x 10” Multiphase pipelines 1 x 10” WI pipeline 1 x 8” Gas-lift supply pipeline TGT FPSO SSIV 1.8 km PLEM 8 km (PV G Ex s Scope 24 km ipeline ) port a H3/H4-WHP 1 x 16” / 20” Pipe-in-Pipe Multiphase pipeline 1 x 8” WI pipeline P f Work Gas 1
Slide 7: Central Africa: SOCO's Portfolio
Central Africa: SOCO’s Portfolio 7
Slide 8: North Congo Basin Structural Elements
North Congo Basin Structural Elements 8
Slide 9: Congo: Marine XI and XIV Blocks
Congo: Marine XI and XIV Blocks 9
Slide 10: Offshore Congo Drilling Programme
Offshore Congo Drilling Programme Joint Programme on Marine XI and Marine XIV with pre-drill recoverable resource ests 250mmbbl Two firm wells MIM-1 to test Toca/Djeno on Marine XI MKM-1 to test Sendji on Marine XIV One contingent well KBM-1 to test Toca/Vandji on Marine XIV if MIM-1 successful LDKE
Slide 11: Nganzi Block: Proposed 2011 Infill Seismic
Nganzi Block: Proposed 2011 Infill Seismic Evaluation of well results completed Chela leads identified and mapped Seismic programme planned for 3Q2011 11
Slide 12: Albertine Graben Petroleum Activity
Albertine Graben Petroleum Activity 12
Slide 13: Block V: area of planned activity
Block V: area of planned activity SOCO Area of Activity, the Virunga National Park and the Mountain Gorilla Habitat Data Source: Mountain Gorilla Distribution From WWF 2010 Census Lake Edward Block V Exploration Area (Below 1,200m) Seismic Programme 2011 Potential area of future seismic activity (co
Slide 14: 2011/2012 Drilling Schedule
2011/2012 Drilling Schedule 14
Slide 15: Revenue/Cash profile
Revenue/Cash profile ($90/bbl, $100mm Capex, No exploration success) 1200 1000 800 600 $MM 400 200 0 2010 2011 2012 2013 2014 2015 Revenue YE Cash 15
Slide 16: Summary
Summary Exponential increase in net production and cash flow in 4Q11 The TGT development drilling solidified value Exploration drilling programme in offshore Congo offers substantial upside New ventures being pursued in SE Asia and Africa Significant amount of near term news flow 16
Slide 17: SOCO International plc
SOCO International plc St James’s House 23 King Street London SW1Y 6QY United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.co.uk 17