2 0 1 2 AGM Preface Preface This presentation, which is - PDF document

2 0 1 2 AGM

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 sell or issue, any offer or inducement to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any shares in the Company or securities in any other entity nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. This presentation does not constitute a recommendation regarding shares of the Company. The information contained herein is for discussion purposes only and does not purport to contain all information that may be required to evaluate the Company and/ or its financial position. This presentation and the associated slides and discussion contain forward-looking statements regarding SOCO, our corporate p g g g , p plans, future financial condition, future results of operations, future business plans and strategies. All such forward-looking statements are based on our management's assumptions and beliefs in light of information available to them at this time. These forward-looking statements are, by their nature, subject to significant risks and uncertainties and actual results, performance or achievements may be materially different from those expressed in such statements. Factors that may cause actual results, performance or achievements to differ from expectations include, but are not limited to, regulatory changes, , p p , , g y g , future levels of industry product supply, demand and pricing, weather and weather related impacts, wars and acts of terrorism, development and use of technology, acts of competitors and other changes to business conditions. SOCO undertakes no obligation to revise any such forward-looking statements to reflect any changes in SOCO’s expectations with regard thereto or any change in circumstances or events after the date hereof. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness. Details included in this presentation are subject to updating, revision, further verification and amendment. The Company is under no obligation to update or keep current the information contained in this presentation. No representation or warranty, express or implied, is given by or on behalf of the Company or its subsidiary undertakings, affiliates, agents or advisers or any of such persons’ affiliates, directors, officers or employees or any other person as so to the fairness, accuracy, completeness or verification of the information or opinions contained in this presentation and no liability is accepted for any such information or opinions. By attending this presentation and/ or accepting a copy of it, you agree to be bound by the foregoing limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this notice including, without limitation, the obligation to keep this presentation and its contents confidential. th t t f thi ti i l di ith t li it ti th bli ti t k thi t ti d it t t fid ti l 2

Overview ( 4 m os2 0 1 2 ) Entitlements production equalled 13,924 BOEPD p q , (425% increase period on period) The Te Giac Trang Field remains on track for production from the second platform commencing in late July/ early August, increasing field production to late July/ early August increasing field production to approximately 55,000 barrels of oil per day (150% increase over current rate) ) Net cash as at 11 June 2012 equalled $180 million Net cash as at 11 June 2012 equalled $180 million (31 December 2011: $113.5 million) 3

SOCO SOCO - - Areas of Activity Areas of Activity VIETNAM DRCONGO CONGO ANGOLA OPERATED NON-OPERATED 4

Vietnam Vietnam — —Cuu Long Basin Blocks Cuu Long Basin Blocks TGT 30.5% WI CNV 25% WI 5

CNV—Top Basem ent Depth Map Fractured granitic Basement field Producing at steady ca. 8,000 boepd Installing additional separation and metering facilities – on stream June 2012 Additional production well being discussed for 2012 or 2013 – for 2012 or 2013 expected to add ca. 3-5,000 boepd BSM entry point 6

Te Giac Trang Field Layout FPSO-TGT 1 H1-WHP FPSO Storage Capacity: Storage Capacity: 4 x 10” Multiphase Pipelines 620,000 BBLS 10” Water Injection Pipeline Processing Capacities: Crude oil rate 55,000 BOPD 8” Gas-lift Pipeline Produced water rate 75,000 BWPD 1.8 km PLEM MWJ SSIV ~ 7 km 7 km 1 x 8” Gas-export Pipeline H4-WHP 16” Multiphase Pipeline 8” Water Injection Pipeline 8 Water Injection Pipeline 6” Gas-lift Pipeline CPP at Bach Ho Field H5-WHP 7

8 TGT Field – Early Reservoir Testing

TGT Five Year Developm ent W ell Plan 2012 2012 H1.1, H2N, H2, H2S � 2 Infill � 1 Producer � 1 Appraisal � H3N, H4S � 5 Development � 2013 H2S, H3, H4S, H5 � 2 Appraisal � 2+ 1 Infill or Water Injector j � 1 Alternative Appraisal � 2014 H1.1, H1.2, H2 � 1 Alternative Appraisal � Development Wells � Sidetrack Flank Wells � 2015 2015 H3, H4S � Development � Appraisal � W t Water Injector I j t � 2016 Appraisal wells in new leads � 9

Central Africa: SOCO’s Portfolio Central Africa: SOCO’s Portfolio 10

North Congo North Congo Basin Basin— —Pre Pre- -salt Play Portfolio salt Play Portfolio Cabinda 17%WI MXI 40.39% WI MIV 29 4% WI MIV 29.4% WI Nganzi 65% WI Nganzi 65% WI 11

Marine XI Marine XI — —Prospects and Discoveries Prospects and Discoveries Loubana Sendji SE TOCA Subcrop M’pouli M pouli Douk Daka Lideka East Lideka East Viodo 12

Nganzi Block Activity Shallow (Chela) leads identified leads identified and mapped Preparing for potential drilling late 2012 13

Block V Activity Block V Activity Completed detailed environmental study together with relevant DRC authorities h l h Preparing for Phase 1 exploration activity of high definition aeromagnetic – ae og a aerogravity survey on the DRC ty su ey o t e C side of Lake Edward in June 2012. Objective is to better define Block V 38.25% WI lake based seismic acquisition programme in late 2012 programme in late 2012 14

Outlook Very strong financially and will be generating more cash with stable production of ca. 16,000 boepd. Off Offers more options in enhancing shareholder value ti i h i h h ld l through development of the current portfolio development of the current portfolio adding new ventures consistent with our current and historical focus return to shareholders return to shareholders Continue to drive value enhancements enhancing production handling additional longer term within-field appraisal and development plans Focus on exploration enables targeting of greater risk, greater reward options greater reward options 15

SOCO International plc From 19 th March 2012 48 D 48 Dover Street St t London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com 16