Investor Presentaiton
VALUE CREATION STRATEGY 1: INCREASE RESERVES
Seplat has multiple options for increasing its reserves
2P WI RESERVES (1)
YEAR ON YEAR MOVEMENT IN 2P RESERVES (BOE)
600
509
36
509
257
252
500
481
10
474
MMboe
-17
400
2P + 2C WI RESERVES
300
& RESOURCES (1)
200
615
(289
326
100
MMboe
Oil
Gas
www
0
WI 2P
reserves
Production
Revisions
Seplat assets
at 1/1/20
Eland assets
at 1/1/20
at 1/1/19
17 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION
Combined
WI 2P reserves
at 1/1/20
> Unlock existing 2C resources
(106MMboe, oil and gas),
thereby derisking and adding
to recognised reserves,
enhancing valuation
> Develop OML40's Amobe field,
potentially another 78MMbbl, at
relatively low risk
> Acquire new blocks in future
government licensing rounds, e.g.
imminent marginal fields round
› Acquire established and proven
assets from exiting / divesting
international oil companies
› Acquire distressed producers
and improve efficiency
Note: (1) Reserve and contingent resource volumes stated at 1/1/20 are based on independent estimates from Ryder Scott (Seplat) and NSIA (Eland).View entire presentation