Buccaneer Energy PLC

An innovation-driven, publicly listed oil & gas company turning flare gas into Bitcoin mining power while operating a portfolio of low-cost, high-margin assets.

[Buccaneer Energy PLC @BUCEplc]

#BUCE SP Angel reiterates BUY rating & 0.05p target price.

🔹>350% upside to Risked NAV
🔹~US$10m NPV10 proved reserves value
🔹Fouke waterflood seen as key growth catalyst

The note highlights progress at Pine Mills, Carlisle-1 & OOR programme.

RNS: https://t.co/zKV6uUgWaV

[Buccaneer Energy PLC @BUCEplc]

#BUCE Premier Miton's Gervais Williams highlighted Buccaneer's low-cost production, noting operating costs in the Fouke area are often below US$5/bbl

He also pointed to the success of the OOR, where a modest investment has delivered improved flow rates and increased cash flow.

[Buccaneer Energy PLC @BUCEplc]

#BUCE 🎥Premier Miton's Gervais Williams highlighted Buccaneer's transition to positive cash generation, supported by low-cost production and recent operational progress at Pine Mills

He described surplus cash generation as a key attraction of the investment case

@StockBoxMedia

[Buccaneer Energy PLC @BUCEplc]

#BUCE Improving efficiency with OOR at Pine Mills is increasing margins while setting the stage for wider field development.

🔹Reduced operating costs
🔹Fouke waterflood expected to drive the next growth phase

[Buccaneer Energy PLC @BUCEplc]

#BUCE CEO Paul says consistent cash flow gives Buccaneer the ability to reinvest, create value & scale business profitably.

🔹>$250k free cash generated last month
🔹Focus on protecting a profitable production base
🔹Cash generation supporting growth & balance sheet strength

[Buccaneer Energy PLC @BUCEplc]

#BUCE CEO Paul Welch on cash flow at Pine Mills 🇺🇸

$250k free cash generated last month.

Some areas operating at <$5/bbl, with margins around $85/bbl at $90 oil.

That cash can now be reinvested into the next steps: OOR expansion, Fouke waterflood and growing production.

[Buccaneer Energy PLC @BUCEplc]

#BUCE notes TR-1 notification from Bono Energy Group, declaring an interest in 1.147bn ordinary shares, representing 6.18% of the Company’s issued share capital

RNS: https://t.co/p2FTSliqnX

[Buccaneer Energy PLC @BUCEplc]

#BUCE on Carlisle-1🇺🇸

🔹Less than 6 month payout at current oil prices
🔹Raises Fouke interest from 32.5% to >50%
🔹IRR now >80%

CEO Paul describes Carlisle-1 as a strategic acquisition that increases exposure to the field’s highest-margin barrels ahead of the Fouke waterflood.

[Buccaneer Energy PLC @BUCEplc]

🎥#BUCE focused on scaling 🇺🇸

In this interview with @advfn, CEO Paul highlights 250 bopd as the next key milestone, supported by strong cash flow generation.

OOR improving efficiency at Pine Mills, while the Fouke waterflood is expected to drive the next phase of growth.

[Buccaneer Energy PLC @BUCEplc]

#BUCE Carlisle-1 upside 🇺🇸

🔹Low opex, strong margins from day one
🔹Originally 12-month payout
🔹Now less than 6 months at current oil prices

Higher prices accelerating already strong returns.

[Buccaneer Energy PLC @BUCEplc]

#BUCE focused on growth & returns

🔹Higher oil prices boosting cash flow
🔹Aiming to reinvest into high-return projects
🔹Carlisle & Fouke driving production growth

Focus now is closing the gap to the share price.

[Buccaneer Energy PLC @BUCEplc]

#BUCE building scale & cash flow 🇺🇸

🔹Cash flow up >5x
🔹~$200k net revenue this month
🔹Reserves +100,000 bbl (Carlisle)

Fouke waterflood underway
🔹50% interest
🔹~1 million barrels and +50 bopd upside

[Buccaneer Energy PLC @BUCEplc]

#BUCE | High-margin production 🇺🇸

🔹~$85/bbl netback (Fouke/Carlisle)
🔹~$75/bbl (West Texas)
🔹~$60+/bbl (Pine Mills)

Strong margins across the portfolio.
Targeting ~200 bopd by year-end with OOR + waterflood.

[Buccaneer Energy PLC @BUCEplc]

#BUCE More to come at Pine Mills 🇺🇸

High-quality reservoir, shallow & easy to develop

🔹Wells flow naturally (no frack)
🔹4 producing horizons

~6.5m barrels still to be recovered.

Significant upside from an already producing field.

[Buccaneer Energy PLC @BUCEplc]

#BUCE | Carlisle-1 economics 🇺🇸

🔹Low operating costs (targeting below $5/bbl)
🔹Significant upside from waterflood
🔹Acquired at an attractive price

~$1m NPV10 | ~85% IRR at current prices

Low-cost barrels with significant recovery upside.

[Buccaneer Energy PLC @BUCEplc]

#BUCE building scale & cash flow 🇺🇸

🔹~$200k/month cash flow (~10% of mcap)

~$9.6m NPV10 vs ~$2.4m mcap
Clear valuation gap

[Buccaneer Energy PLC @BUCEplc]

#BUCE cash flow scaling 🇺🇸

🔹>$200k/month currently (~10% of mcap)
🔹~$300k/month with OOR rollout
🔹~$350k+/month incl. waterflood

Cash flow up ~5x on higher production + oil prices.

Low opex & strong margins.

[Buccaneer Energy PLC @BUCEplc]

Thank you to everyone who attended the webinar.

CEO Paul Welch provided a detailed overview of production, low operating costs and the strong cash margins now being generated at Pine Mills.

Full presentation and Q&A can be viewed here: https://t.co/yV3pivO4cU

[Buccaneer Energy PLC @BUCEplc]

Reminder: #BUCE CEO Paul Welch will be hosting a live presentation on the Engage Investor platform

⏲️TODAY, 3:30pm BST

📩Questions can be submitted in advance or during the session

[Buccaneer Energy PLC @BUCEplc]

#BUCE CEO Paul Welch will be hosting a live presentation on the @EngageInvestor platform

⏲️Thur, 16 April, 3:30pm BST

📩Questions can be submitted in advance or during the session

Register: https://t.co/yV3pivO4cU