Investor Presentaiton slide image

Investor Presentaiton

Development Tolmount Main, UK: a robust project CO₂ Low Carbon by Design €0 Y Carbon Neutral by Commitment Partnership with Kellas ■ Dana and HGSL will pay for the platform, pipeline and terminal upgrades ■ Tolmount gas will use the facilities in return for a production based tariff Tariff structure kboepd (net) ■ Premier 50% operator ■ 500 Bcf gross resource ■ Modest capex of c. $120m (net) ■ >50 kboepd gross peak rates ■Low field opex of 11p/therm ■Low carbon <1 kg CO₂e/boe Tolmount production profile kboepd (net, Premier 50 per cent) 25 ◉ First gas Q2 2021 <2 years Tolmount Main payback c. $500m¹ net FCF Tolmount Main (2020-2025) 1 Assumes 45 pence/therm long run November 2020 20 15 10 5 PremierOil <250 Bcf 250-450 Bcf 450-650 Bcf > 650 Bcf ■Tolmount Main Tolmount East GTA upside 0 2021 2022 2023 2024 2025 2026 P15
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