Investor Presentation January 2017 Disclaimer This presentation - - PDF document

Investor Presentation

January 2017

Investor Presentation January 2017 2

Disclaimer

This presentation does not constitute a recommendation regarding the shares of the Company nor a representation that any dealing in those shares is appropriate. The Company accepts no duty of care whatsoever to the reader of this presentation in respect of its contents and the Company is not acting in any fjduciary capacity. This presentation does not purport to be all-inclusive or to contain all the information that an investor may desire to have when evaluating whether or not to make an investment in the Company. No offer or invitation or solicitation of any offer to acquire securities of the Company is being made now, nor does this presentation constitute or form part of any invitation or inducement to engage in investment activity under section 21

• f the Financial Services and Markets Act 2000. No reliance

may be placed for any purpose whatsoever on the information contained in this presentation, or any assumptions made as to its completeness, and no warranty or representation is given by or on behalf of the company, nor its directors, employees, agents and advisors as to the accuracy or completeness of the information or opinions contained in this presentation, and no liability is accepted by any of them for any such information or

• pinions, provided that nothing in this paragraph shall exclude

liability for any representation or warranty made fraudulently. The information and opinions contained in this presentation are provided as at the date hereof. The contents of this presentation are confjdential and must not be copied, published, reproduced, distributed or passed in whole or in part to others at any time by recipients. This presentation is being provided to recipients on the basis that they keep confjdential any information contained herein

• r otherwise made available, whether oral or in writing, in

connection with the Company.

Investor Presentation January 2017 3

Significant Shareholders

Name Shares %

Jim Nominees Limited 795,595,799 22.59 Beaufort Nominees Limited 610,364,228 17.33 Stifel Nicolaus Europe Limited 341,256,448 9.69 Pershing Nominees Limited 275,000,000 7.81 HSDL Nominees Limited 125,387,206 3.56 Hargreaves Lansdown (Nominees) Limited 120,167,981 3.41 Hargreaves Lansdown (Nominees) Limited 119,135,504 3.38 Total 67.77

Capital Structure

Shares on Issue 3,522,630,373 Price (pence) 0.0475 Market cap £1.60 m

Investor Presentation January 2017 4

Board of Directors

Hamish Harris Executive Chairman Donald Strang Executive Director Christopher Gordon Non-Executive Director

Hamish holds a Bachelor of Commerce and has held positions within market risk management at a number of fjnancial institutions including Nomura Group, Deutsche Bank AG and BZW Plc in Singapore, Hong Kong and London. Hamish currently holds a position with Nivalis Capital, a private equity vehicle which looks for opportunities in mining and agriculture in South America and Australia, as well as a number of AIM listed companies. Donald is a member of the Australian Institute of Chartered Accountants and has been in business over 20 years, holding senior fjnancial and management positions in both publicly listed and private enterprises in Australia, Europe and Africa. He has considerable corporate and international expertise and over the past decade has focussed on mining and exploration activities. Christopher has a Bachelor of Economics degree awarded by the University of London and over 8 years’ experience in the fjnancial services sector in London, working in dealing and trading roles with a focus on raising capital for listed companies.

Investor Presentation January 2017 5

Investment Strategy

• Identify value that the market has yet to discover
• First mover advantage
• Liquidity arbitrage
• Invest and stay involved
• Act as catalyst for value creation

Investment

Proven experience of identifying and investing in natural resources companies

Transactions

Pre IPO, convertible loans, straight equity and the managing

• f IPOs and RTOs

Management

Operational and management skillset with a track record of turning AIM shells in to larger companies

Investor Presentation January 2017 6

Investments

Junior oil and gas E&P company quoted on the Toronto Venture Exchange in Canada and the standard list of the London Stock Exchange, with oil production based in

• Azerbaijan. Gunsynd also has invested £100,000 in Zenith via a convertible note

exercisable at CAD 0.1 or the London IPO price Junior oil and gas E&P company quoted on the Toronto Venture Exchange in Canada, with the same number of warrants at a strike price of CAD 0.27 exercisable up to 20 January 2018 UK AIM listed company who holds interests in two oil licences in the Weald (Horse Hill and Brockham – PL 235) as well as a number of mining projects The 65% owners and operators of onshore exploration licences PEDL 137 and PEDL 246 (known as “Horse Hill”) Private company, operator of the Bodó mine in the Currais Novos region of Rio Grande do Norte, Brazil. Private company applying for a prospecting licence in the Solomon Islands Investing company admitted to trading on AIM UK AIM listed company Gunsynd Plc (AIM: GUN), has acquired the following investments: Zenith Energy 6.51 % holding Brazil Tungsten Holdings Ltd 10 % holding Sunshine Minerals 10 % holding Pires Investments Plc 5.01 % holding Georgian Mining Corporation 0.73 % holding Oyster Oil & Gas (“Oyster”) 2.7 % holding Horse Hill Developments Ltd (“HHDL”) 2 % holding Alba Mineral Resources Plc 5.08 % holding

Investor Presentation January 2017 7

Investments

Zenith Energy

Dual listed on TSX and London Stock Exchange Muradkhanli Block is the largest onshore oil and gas concession in the Azerbaijan Covering 642.4 km2, the Muradkhanli, Jafarli and Zardab fjelds Offer both development and exploration upside Current production circs 300 bopd Revenue (at Q4 2016 oil prices) approximately $360,000 US per month Management target is to get to 600‒1,000 bopd within 12 months Initial plan to work over 39 of the 52 wells on the Muradkhanli and Jafarli fjelds Russia Caspian Sea Kazakhstan Uzbekistan Turkmenistan Azerbaijan Iran

0 100 200 miles 0 100 200 km N

Company Block

Zardab Field Jafarli Field Muradkhanli Field

Investor Presentation January 2017 8

Investments

Oyster Oil & Gas

Listed on the TSX Assets in Madagascar (one onshore block) and Djibouti (3

• nshore, one offshore)

100% interest holder in all blocks Strong management team (CEO ex Heritage Oil) The three areas of primary interest in Madagascar are:

• Ankaramy: prior drilling encountered hydrocarbon deposits at

depths less than 200 meters, and the 2014 drilling encountered light oil shows of >30 meters gross

• Ambilobe: where 2 prospects of ~3.9 Billion BBL (STOIIP) have

been identifjed

• Ampasindava: A prospect identifjed with up to ~10 Billion

BBL (STOIIP). The prospect target depths are located at approximately 500 meters with Isalo reservoir thickness estimated at > 1500m Madagascar

Ampasindava Ankaramy

Antsiranana Block 1101 Areas of interest (area: 11,200 km2)

Ambilobe N

Investor Presentation January 2017 9

Investments

Horse Hill and Alba Mineral Resources

Horse Hill

Flow test carried out in 2016 on Portland and Kimmeridge formations Final aggregate fmow rate was 1,688 bopd Schlumberger report estimates gross OIIP at Horse Hill of 10,993 mmbbls Southampton English Channel London Hastings Brighton Crawley Brockham PL235 Horse Hill PEDL137 & PEDL246

Brockham

Nearby to Horse Hill Sidetrack currently being drilled to test Kimmeridge limestones as per Horse Hill Production licence already in place

Investor Presentation January 2017 10

Investments

Brazil Tungsten Holdings Ltd

Production has increased substantially in 2016 From 4.8 tonnes of WO3 concentrate (tungsten trioxide) in August to 13.6 tonnes in November Close to cash break even point Licensing for the new mine at Tarantula is also well advanced Reports submitted to the government and awaiting fjnal approval Brazil

Rio Grande do Norte

Investor Presentation January 2017 11

Further Information

Hamish Harris Executive Chairman Christopher Gordon Non-Executive Director

T +44 (0)207 440 0640 E hharris@nivaliscapital.com For further information please contact: T +44 (0)207 440 0640 E cgordon@ukogplc.com

Investor Presentation January 2017 12 Gunsynd Plc 2 Chapel Ct, London SE1 1HH London Stock Exchange AIM Listed (GUN) Affectionately known as the Goondiwindi Grey, Gunsynd was a favourite of Australian punters (and the scourge of many a turf accountant) due to being one of the fjnest greys to ever take the turf, with a tenacity when running that served to take the victory when other horses pulled up as beaten. Gunsynd’s overall record of 29 wins, 7 seconds and 8 thirds is all the more impressive given that his two-year-old season featured

• nly two wins.

Australian champion racehorse of the year in 1972, the big stallion won a plethora of Australia’s top races including The Epsom, The Doncaster, Caulfjeld Stakes and the most prestigious weight-for- age race in Australia, the Cox Plate. The magnifjcent grey stallion made his farewell to racing in Brisbane on Monday May 7 1973. The biggest crowd Doomben has ever seen – bigger even than that to see Black Caviar in more recent times – packed in to bid farewell to their favourite son. The only animal to be name a Queensland icon, it is said of him: “he loved the crowds and the crowds loved him”. Designed by Decent. decentdesign.co.uk