Corporate Presentation Africa Upstream Conference February 2014 - PowerPoint PPT Presentation

Fastnet Oil & Gas Plc Fastnet Oil & Gas Plc Ladenburg Thalmann Corporate Presentation Africa Upstream Conference February 2014 April 2014 www.fastnetoilandgas.com www.fastnetoilandgas.com

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You are cautioned that forward-looking statements are not guarantees of future performance and that the Company's actual results of operations, financial condition and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Past performance is not a guide to future performance. www.fastnetoilandgas.com 2

Company Overview Moroccan Assets Company Overview Irish Assets Outlook Moroccan Assets Irish Assets Outlook

OVERVIEW Introduction Fastnet is an oil & gas Company primarily focused on exploration in frontier regions. Strategy • Seek high equity positions in prospective assets through identifying early entry or overlooked exploration opportunities and near term value adding appraisal in frontier regions • Add value by leveraging management’s regional and technical expertise and to bring in high calibre partners • Monetise assets at the opportune moment followed by a return of cash to shareholders on an asset by asset basis Listed in London on the AIM (‘FAST’) and the Irish Stock Exchange (‘FOI’) www.fastnetoilandgas.com 4

OVERVIEW Investment Case • Early entry with excellent fiscal terms • Significant acreage position (25,192km²) balancing near term high impact exploration and lower risk near term appraisal opportunities • Fully financed for current 2014 work programme • Carried on near term offshore exploration in Foum Assaka with high calibre partners • Experienced management team with strong regional knowledge, in- house technical expertise, local relationships and proven ability to attract high calibre partners • Steady pipeline of near-term newsflow offshore and onshore Morocco • Proven record of monetising assets before significant expenditure required to further develop exploration / appraisal success. www.fastnetoilandgas.com 5

THE TEAM Experienced Board & Senior Management Paul Griffiths, Managing Director Value Creation 100% 38+ years  CEO of Island Oil & Gas Plc until its acquisition by San Leon Energy Plc in 2009 Sold IPDL to DNO ASA, 100% exploration Experience in oil  Built and sold 3 oil and gas companies between 1999- after reverse takeover of success rate offshore and gas 2012 Providence Resources Plc Ireland with Island Oil exploration and  Senior geophysicist for Gulf Oil Corporation for Europe collapsed in 2002, for an & Gas: 4 wells drilled, near term field and Mediterranean Region and Gulf R&D in Pittsburgh exit price of $34 mm after two commercial gas appraisal  Bsc in Geology, Imperial College London and Associate of investing approx. $1.5 mm fields the Royal School of Mines 30 years 100 TCF + $2.64 billion Carol Law, Executive Director  Former Exploration Manager, Anadarko East Africa Carol led the Anadarko Experience in oil Sale price of a 10%  Former Exploration Manager West Africa, China and team that discovered over stake in Anadarko’s and gas industry Alaska at Kerr McGee 100 TCF of natural gas in Area 1 Block,  Responsible for the play finding Prosperidade gas the Area 1 Block, Offshore Offshore Mozambique complex in Rovuma Area 1, offshore Mozambique Mozambique  Also member of teams responsible for discoveries in Ghana (Jubilee), Brazil (multiple Campos Basin discoveries) € 100 million $1 billion + 25+ years Cathal Friel, Executive Chairman One of the founding Value of successful  Managing Director and one of the founders of Raglan Managerial directors of Merrion corporate transactions Corporate Capital in 2007 Capital, where he was part on which Cathal has  Former founding partner and Director of Merrion Capital Finance of the small team that built advised  MBA from University of Ulster experience the business and sold it for c. € 100m in 2006 Michael Nolan, Non-Executive Director  Former Founder and Group Finance Director of Cove 18+ years +1900% $1.9 billion Energy PLC  Currently CFO of Discover Exploration and Non-executive Experience in Share price increase Cove Energy was sold resource director of Rathdowney Resources plc and Orogen Gold between the Cove Energy to PTTEP in Aug 2012 exploration sector plc IPO in June 2009 and its after a competitive  Fellow of the Chartered Accountants Ireland sale in Aug 2012 auction process www.fastnetoilandgas.com 6