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2. energy
3. natural gas

Lansdowne Oil & Gas plc
Farm-in opportunity offshore Ireland
Rosscarbery prospects and Galley Head gas field
Galley Head discovery: 30 Bcf GIIP / 25 Bcf recoverable
SE Rosscarbery & Rosscarbery prospects: 324 Bcf GIIP / 247 Bcf recoverable
Introduction
Lansdowne Oil & Gas plc (“Lansdowne”) has engaged Macquarie to secure a co-venturer seeking a portion of its
99% working interest in Standard Exploration Licence (“SEL”) 5/07 (part-blocks 48/17, 18, 19, 22 & 24) in the North
Celtic Sea Basin in consideration for funding a 2015 exploration well on the SE Rosscarbery prospect.
SEL 5/07 contains the Galley Head gas discovery and two nearby large gas prospects.
Lansdowne announced a farm-out of nearby SEL 4/07 in November 2014, whereby PSE Kinsale Energy Limited
will assume operatorship and, in due course, source a suitable drilling rig to drill the Midleton prospect. A multi-well
drilling programme in the North Celtic Sea Basin offers significant cost synergies in terms of mobilisation and
demobilisation.
Summary
 The Rosscarbery area comprises the Galley Head gas discovery and a number of prospects on the northern
flank of the North Celtic Sea Basin.
 The prospects were originally Identified on 2D seismic and confirmed by 2011 3D seismic.
 Fluid anomalies identified on 3D seismic, interpreted as direct gas indicators.
 The acreage is located approximately 30 km offshore in relatively shallow water (c. 100m). It is c. 20 km from
potential tie-in points to existing producing infrastructure.
 Shallow drilling targets (c. 3,000 ft) make this a low cost opportunity with the potential for rapid monetisation.
 Dual targets for gas in the Lower Cretaceous Greensand / “A“ Sand and underlying Lower Cretaceous Upper
Wealden sandstone reservoirs.
 Contingent gas resources in the Galley Head discovery (Greensand / “A” Sand reservoir).
 Total licence potential of 354 Bcf GIIP / 272 Bcf recoverable.
 PSE Kinsale Energy Limited will, in due course, source a drilling rig in order to drill an exploration well on the
Midleton prospect in nearby SEL 4/07. Lansdowne will seek to secure a rig slot option in order to carry out
drilling on the Rosscarbery area as part of a potential multi-well drilling campaign in the North Celtic Sea Basin.
 Sizeable equity stake and operatorship available.
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DECEMBER 2014
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Location
Rosscarbery area prospect summary
 c. 30 km off the south coast of Ireland
 c. 100m water depth
Well status
 Well to test SE Rosscarbery prospect:
TD 3,855 ft TVDSS
 Estimated dry hole drilling: ~16 days +
mobilisation / de-mobilisation
Equity participation
 Lansdowne Oil & Gas plc (operator): 99%
 Sunningdale Oils (Ireland) Ltd: 1%
“A” Sand structure map
SE Rosscarbery prospect
Rosscarbery 3D top Greensand “A” Sand depth structure map
Trap
 Faulted inversion anticline
Reservoirs
 Lower Cretaceous “A” Greensand and
Upper Wealden Sandstones
Source
 Biogenic gas from Wealden coals
 Thermogenic gas from Liassic shales
Seals
 Gault Clay and Chalk
SEL 5/07 unrisked resources
GIIP
3D seismic fluid anomalies
Recov.
3D seismic inversion fluid volume (Psi +20)
P50 contingent resources (Bcf)
Galley Head
30
25
P50 prospective resources (Bcf)
SE Rosscarbery
122
96
Rosscarbery
202
151
Total prospective
324
247
STRICTLY CONFIDENTIAL
DECEMBER 2014
Galley Head structure map
SE Rosscarbery structure map
“A” Sand volumetrics
Depth map to “A” Sand
Rosscarbery structure map
Upper Wealden fluid volume
Process information

Confidentiality Agreement
Contact Macquarie via the below details to obtain a copy of the Confidentiality Agreement

Evaluation materials
Will be available in a Virtual Data Room

Proposals due
Date to be advised

Additional questions and enquiries
Contact Andrew Jones
Contacts
Andrew Jones
Head of EMEA A&D
+44 (0) 20 3037 2339
[email protected]
Paul Weidman
Associate
+44 (0) 20 3037 2107
[email protected]
No Lansdowne Oil & Gas plc personnel may be contacted directly regarding this document or any information contained therein under any circumstances without the prior knowledge and approval of Macquarie.
Disclaimer
This document is issued by Macquarie Capital (Europe) Limited (“Macquarie”). Macquarie Capital (Europe) Limited is authorised and regulated by the UK Financial Conduct Authority. This document is only being distributed to and
is only directed at investment professionals, as defined in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, who have professional experience in matters relating to investments. The
transmission of this document to any other person in the UK is unauthorised and may contravene the Financial Services and Markets Act 2000. No person within the UK who is not a person with professional experience in matters
relating to investments as referred to above should treat this document as constituting a promotion to him or rely on it for any purposes whatsoever. Macquarie Capital (Europe) Limited is not an authorised deposit-taking institution
for the purposes of the Banking Act 1959 (Commonwealth of Australia), and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee
or otherwise provide assurance in respect of the obligations of Macquarie Capital (Europe) Limited.
STRICTLY CONFIDENTIAL
DECEMBER 2014