Knox Energy Solutions (KNOX) Company Presentation summary

Corporate development and ownership

• Completed a reverse takeover, acquiring 40% of Rapid Oil and focusing on accretive, corporate-driven growth strategies.

• Main objective is to build a fast-growing oil company leveraging capital market and transaction expertise.

Asset portfolio and expansion

• Holds 40% of Rapid Oil, which owns 15% of the fully funded Fyne offshore UK project, with 2P reserves of 1.07 MM bbls net.

• Heads of Agreement signed to acquire 38% of Inpector Capital BV, operator of the Issaran heavy oil field in Egypt, with plans to double production to over 8,000 bbl/d by 2028.

• Fyne project expected to deliver net undiscounted cash flow of $24–31 million (2P, after tax) at $70–80/bbl oil.

Transaction structure and financials

• Pre-money valuation for Inpector set at $10.4 million; post-transaction value at $32.4 million.

• Acquisition of Inpector involves $10 million cash and $10 million in new shares, with Clarksons Securities engaged to raise $10–12 million.

• Post-transaction enterprise value estimated at $32.9 million, including a $0.5 million convertible loan.