One-Of-A-Kind Oil & Gas Investment Company MASTER INVESTOR 2016 - PowerPoint PPT Presentation

“One-Of-A-Kind” Oil & Gas Investment Company MASTER INVESTOR 2016 23 April 2016

Disclaimer This presentation may contain forward-looking statements. Forward-looking statements refer to events and conditions which are not historical facts and include, for example, statement concerning our objectives, goals, strategies, future events, future performance, capital expenditures, financing needs and business trends. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. You should not place undue reliance on these forward-looking statements. Any forward-looking statements are based upon information available to us on the date of this presentation. Actual results may differ materially from those anticipated in these statements. This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Solo Oil plc, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.

Our strategy Identify and evaluate oil & gas opportunities Active non–operator : Build a portfolio of assets: strategic investments to VALUE FOR spread risk and leverage assist the projects with access to opportunities SHAREHOLDERS good potential Re-invest value created from building assets back into portfolio

How we work and add value ü OIL & GAS INVESTMENTS OIL & GAS OPERATOR In oil & gas assets as Oil & Gas Investment INVEST a Non operator Progress of projects without duplicating the Company focused on acquiring MONITOR operators’ work and developing a diverse global non-operated portfolio of Undervalued assets across strategic assets to deliver value SELECT a range of geographic To gain access and locations to our shareholders CAPITAL add value across the project portfolio On unrealized FOCUS The skills and exploitation and LEVERAGE knowledge of existing exploration potential project operators STRATEGIC INVESTMENTS

Our winning strategy Invest in early stage projects with significant upside potential (Kiliwani North, Ruvuma Basin, Tanzania; Horse Hill, Isle of Wight, UK) NON OPERATOR Targeting low cost, low risk, politically stable areas and projects (primarily onshore) No debt + High liquidity Experienced management team with expertise to get into a range of different assets from exploration to production Gas developments give independence from oil price volatility (Kiliwani North) Take advantage of oil & gas market conditions – leverage opportunities 5 out of 6 wells the Company has participated in have resulted in commercial discoveries

Where we invest 6.5% Interest in Horse Hill , 30% Weald Basin 28.6% Interest and licence award on the Isle of Wight Ontario Reefs Enhanced Oil Recovery project in Ontario UK 25% CANADA Major stake in the WEST AFRICA prolific Ruvuma Basin 20% 8.425% TANZANIA Strategic investment in Burj Interest Kiliwani North Africa with applications for field producing gas development development projects in Nigeria on Songo Songo Island

Tangible success: TANZANIA Ruvuma Basin & Songo Songo NtoryaDiscovery Early stage investment: Value built from 18.75% paid to achieve 25% current interest Kiliwani North First Gas & First revenue from Tanzania Proof of concept and experience of selling gas in local market AIM: Work with Aminex to unlock value in Tanzania UNITED KINGDOM Horse Hill, Weald Basin, UK Early stage investment Portland Discovery Successful Flow test at Horse Hill-1: 1,688 bopd tot aggregate stable dry oil flow rate from 3 zones Proof of concept: tight oil flows from Kimmeridge Limestones AIM: Participate in Horse Hill partnership to quantify and develop the potential of onshore UK

Opportunities identified in Tanzania and UK Tanzania Opportunity UK Onshore Oil New 36” pipeline & gas processing plants linking Mnazi Bay in southern Tanzania to Dar es Salaam. Large unsatisfied domestic demand for natural gas. Government plan to increase Tanzania's generating capacity to 10,000 MW by 2025. Horse Hill Resource Potential for Kiliwani North: Upper Portland discovery Oil in Place of 21.0 MMbbl Estimated gross contingent resources to be 28 BCF Flow test: produced 323 bopd flow rate, the highest (CPR by Senergy Limited, 2015) which will be stable dry oil flow rate from a UK onshore Portland well converted to reserves now production started Tight Oil (Kimmeridge, Oxford and Lias sections) Production expected from Kiliwani North will NuTech estimate 158 MM bbl sq/mile • 9.2 Billion build to an expected 25-30 mmcfd barrels Oil in Place across 55 sq/mile licence ¥ Text content? ¥ Text content? Schlumberger estimate 271 MMbbl sq/mile Resource Potential for Ruvuma : Estimated 4.17 TCF of gas in place; Ntorya- 1 discovery 153 BCF (CPR by Senergy Limited, Isle of Wight 2015) Independent evaluation of Oil in Place and recoverable resources: aggregate gross P50 of 219 MMbbl (Xodus) Development of Ruvuma gas potentially transformational for the Company . Arreton Main contains P50 contingent resources of 10.2 MMbbl

Regular news flow and our share price Upgraded Ntorya Gas- Portland Oil Discovery, Condensate Reserves Horse Hill-1 Drilling Update, Horse Hill-1 Upgrade Ruvuma resources estimate Drilling started at Horse Hill-1 Award Appraisal Upgrade on Portland Flow test started at Licence Ntorya-1 OIP, Horse Hill Horse Hill-1 Site construction commenced at Horse Hill-1 Kiliwani North GSA signed Kiliwani North First Gas Schlumberger analysis on Weald Basin, UK Acquisition of interest in Tanzania assets CPR Kiliwani North, Tanzania

Factors affecting share price performance and our plans Share price Stock Media focus on Tanzania Difficult period moves in performance Horse Hill story potential for oil & gas relation to asset damage by gave large undervalued and sector with news flow but delays, moves relative not fully investors also wider particularly in to our holding understood confidence lost market Tanzania from Q2 2015 Solo’s response: Maintain regular Kiliwani North Continue Focus on Seek updates to on-stream. involvement in maximising opportunities market Delays largely Weald Basin and potential of offered by behind us Isle of Wight Ruvuma Basin. difficult market Drilling later in conditions 2016

Come and meet us at our stand N14 CONTACT US Solo Oil plc T: +44 (0) 20 7440 0642 Suite 4B F: +44 (0) 20 7440 0641 Princes House, E: info@solooil.co.uk 38 Jermyn Street, London SW1Y 6DN