Knox Energy Solutions (KNOX) Company Presentation summary

Strategic objectives and business model

• Aims to build a dynamic, fast-growing oil company through accretive corporate transactions leveraging deep capital market and technical expertise.

• Focuses on acquiring undervalued companies and special situations, primarily in the North Sea and North Africa.

• Strategy centers on corporate transactions for higher value and efficiency compared to asset acquisitions.

• Management team has extensive experience in oil and gas, capital markets, and technical operations.

Key assets and transactions

• Holds 40% of Rapid Oil Production Ltd, controlling 58% with board and management holdings; Rapid Oil owns 15% of the fully funded Fyne development project offshore UK.

• Signed agreement to acquire 38% of Inpector for $20M ($10M cash, $10M in shares), with a planned $12M equity raise and Euronext Growth listing.

• Fyne project net reserves: 2P 1.07 MMbbls, 2P+2C 1.7 MMbbls; NPV(10) at $70/bbl is $8M, at $80/bbl is $11M.

• Inpector operates the Issaran heavy oil field in Egypt, targeting production growth from 4,000 to 10,000 bbls/d and opex reduction to below $15/bbl.

Project details and financial outlook

• Fyne project is fully funded to first oil, with phased development and significant upside from surrounding discoveries.

• Issaran field has 719 MMbbls oil in place, with potential to increase recovery factor to 20%, yielding over 115 MMbbls recoverable.

• Issaran production growth driven by incremental drilling and optimization, with no new capital required to meet targets.

• Combined projects expected to generate net cash flow after tax of $202M at $70/bbl and $268M at $80/bbl.

• Sensitivity analysis shows strong multiples of invested capital across various production and price scenarios.