Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Shareholder Meeting (November 2010)
36 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 29, 2010
Slide 1: Company Review
Pancontinental Oil & Gas NL COMPANY REVIEW November 2010 BR1 17 Nov1 0
Slide 2: Disclaimer & Confidentiality Notice
Disclaimer & Confidentiality Notice The information contained in this Presentation or subsequently provided to the Recipient of this Presentation whether orally or in writing by or on behalf of Pancontinental Oil & Gas NL (“PCL”) ( PCL ) or their respective employees, employees agents or consultants
Slide 3: Pancontinental Oil & Gas NL
Pancontinental Oil & Gas NL Pancontinental ASX: PCL Corporate information c.590 million shares issued Market price Nov ‘110 c.4 cents /share Market Cap Nov ‘10 c. A$24 million Cash c. A$ 1million Project potential Exploration acreage in Australia, Kenya, Namibia, the Mediterranean Potential‐ 25% 2+
Slide 4: PCL - Daily Line Chart [Close]
PCL - Daily Line Chart [Close] *JO - Daily Line Chart [Clase] 5000 — PCL, rGimplelMA [20. Close, 20, Close] = 4900 4800 = : if 2 i{ fo 4700 - | | ain: Wh MWD \ ~ oan : \ NWOT ESS 2 4500 — ye (yr | \ . 4400 = y T 0.036 4300 4 - naw PCL - Volume (with MA) [200] = go00000 = 4000000 1 cul lubil thet us
Slide 5: PCL - Monthly Line Chart [Close]
PCL - Monthly Line Chart [Close] EJ + Monthly Line Chart [Close] - PCL- Simple MA [20A4Close, 20, Close] ed Oo Oo oa oo hm PCL = Volume (with MA) [200] | — 4no00000 ub wall tog D {2008 2003 2010
Slide 6: EP 104 / R1 & L15 Location Map - Stokes Bay Prospect
EP 104 / R1 & L15 LOCATION MAP- STOKES BAY PROSPECT SEISMIC CROSS SECTION R1 L15 EP 104 / R1 / L15 • Looking for oil on‐trend to Blina etc PCL 10% •West Kora L15 oil redevelopment PCL 12%
Slide 7: EP 424 / EP 110 Location Map - Baniyas
EP 424 & EP 110 – LOCATION MAP EP 424 / EP 110 •Potential for 34 MmBbls recoverable in Baniyas 1 •Acquiring neighbouring block •Drill 2011 under farmout •PCL 38.462%
Slide 8: Baniyas is on trend to Roller and Skate
EP 424 & EP110 – BANIYAS PROSPECT LOCATION MAP PIPELINE GAS FIELD OIL FIELD PROSPECT Saladin 94 MMMBO Thevenard Island Skate Roller 46 MMMBO Baniyas is on trend to Roller and Skate
Slide 9: Baniyas Prospect Seismic Cross Section
EP 424 – BANIYAS PROSPECT SEISMIC CROSS SECTION AMPLITUDE ANOMALY Baniyas has a seismic amplitude anomaly and potential for 34 MmBbls recoverable
Slide 10: Malta Offshore Area 5 and Block 3 of Area 4
MALTA AREA 5 AND BLOCK 3 OF AREA 4 – LOCATION MAP Malta offshore Area 5 and Block 3 of Area 4 • Activity suspended •PCL 85%
Slide 11: Namibia Location
NAMIBIA LOCATION Namibia N1 – New Licence * •15,000 sq km offshore •Turbidites, ponded fans, slope channels etc E ll t source rock, •Excellent k oilil maturity t it and d reservoir/seal indications •PCL 85%
Slide 12: Namibian Play Concepts
. Low Sediment High Variables & Mud Rich Supply le Rich Controls —_ a é Shelf Accommodation [ _ Channel & > “A Complexes Shelf-Edge Delivery System fas SS —— 4, Sediment-Gravity Flow Characterisaaaay ' <o Se oy cused ; onfined oI SS Weakly Confined Distributary
Slide 13: Namibia Offshore - Example Seismic Cross Section
NAMIBIA OFFSHORE – EXAMPLE SEISMIC CROSS SECTION R1 L15
Slide 14: Namibia Offshore Source Rock Maturity
Predicted Present‐Dayy Maturityy for Early Aptian (W2 Gp) Source Rock Predicted Present – Day Maturity for Cenomanian / Turonian Source Rock Marine Shales with Source Potential seen only in Kudu area to date‐ Cenomanian / Turonian (W3 / W4) is Overmature (Gas) at Kudu Field Primary Source in EL W2 G
Slide 15: Namibia Reservoir / Seal
NAMIBIA RESERVOIR / SEAL WELL 2012 / 13‐1 In EL area WELL 1911 / 15‐1 15 1 100 Km North Excellent Reservoir Quality WELL Kudu 9A‐2 Santonian to Maastrichtian (W5 gp ) 700 Km South SANDY BASIN FLOOR FAN SANDS +DEEP CUTTING CHANNEL SYSTEMS • 2650 ‐ 2791mKB, 55m Net sand POROSITY AVERAGE 20% • 2791 ‐29
Slide 16: Kenya L6 & L8
KENYA L6 & L8 TWO SEPARATE JOINT VENTURES‐ KUDU L8 Origin Energy (Operator) 75% UPDIP KIPINI Pancontinental Oil & Gas 25% 0 Km 20 5,115 sq km, water depth 300m to 1300m ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ KENYA L6 --------- NYATI L6 Gippsland Offshore Petroleum (Operator) 60%
Slide 17: Kenya L6 & L8 Source Kitchens and Migration
KENYA L6 & L8 Source Kitchens and Migration • Seabed to Top Cretaceous Regional Isopach Map – Kenya and Tanzania • This illustrates the Tertiary depocentres; source kitchens; and generalised migration pathways Area subjected to oceanic current KENYA S organic matter dilution (poor Source Rock qualit
Slide 18: Seismic tie to Maridadi-1
Seismic tie to Maridadi‐1 KENYA L6 & L8 5 km Maridadi‐1 NE Channels 027 006 016 0 6 029 036 Near Top p Kipini p 043 Sands 060 085 Top Kofia Sands Maridadi Trough Seismic cross section showing deep Maridadi Trough in L6 Thick Tertiary means strong loading and oil source maturity
Slide 19: Satellite Synthetic Aperture Radar (SAR)
Satellite Synthetic Aperture Radar (SAR) KENYA L6 & L8 Interpreted natural oil from sea surface slicks and seafloor pock marks. L6, L8 ‐ best areas for slicks offshore Kenya from available data L6 L8
Slide 20: Many Prospects associated with slicks in both areas
KENYA L6 & L8 SLICKS SLICKS Many Prospects associated with slicks in both areas
Slide 21: The Variety of L6 Prospects
KENYA L6- PROSPECTS AND LEADS / OLIGOCENE UNCONFORMITY DEPTH MAP Kudu Updip Kipini KENYA L6 Kipini‐1 Kipini 1 Chui the Nyati Kiboko Kifaru Tembo Variety of L6 Prospects
Slide 22: Kifaru Prospect
Kifaru Prospect KENYA L6 Kipini p Fm Depth p Kifaru Prospect • 60 to 260m water depth • 43 sq km • 267 mmbbls or • 1 02 Tcf 1.02 T f potential t ti l Greater Kifaru (white dotted outline) • 92 sq km • >500 mmbbls or • >2 Tcf • 0.5 billion barrel or 2Tcf gas potential in Greater Kifaru • 3D seismic i
Slide 23: Seismic Line through Kifaru Prospect
Seismic Line through Kifaru Prospect KENYA L6 Lead SW Kifaru Maridadi Trough axis Seismic cross section over Kifaru‐ an old structure in place to trap oil and gas over a long period
Slide 24: Kenya L6 & L8 Prospects and Leads
KENYA L6 & L8 KUDU UPDIP KIPINI 0 Km 20 Prospects & Leads KENYA L6 --------- NYATI KIFARU ** ** KIBOKO * Oil Slicks * * ** * MBAWA L8 NYANGUMI • L8‐ giant Mbawa Prospect is main focus • 3D interp i t and d mapping i now under d way •Drilling planned under farmout 2011
Slide 25: L8 Mbawa 3D Seismic Survey
KENYA L8- MBAWA 3D SEISMIC SURVEY- FUGRO GEO BARENTS (8 STREAMER 3D VESSEL)
Slide 26: L8 Sea-Surface Slicks over Mbawa Prospect
KENYA L6 & L8 L8 Jurassic prospect outline (2D) 500+ SQ KM Base Tertiary prospect outline (2D) 180 SQ KM SEA‐SURFACE SLICKS Mbawa sea surface slicks interpreted OVER MBAWA PROSPECT as light oil or condensate
Slide 27: Mbawa Sea Floor Pockmarks and Sea Surface Slicks
KENYA L8 – MBAWA SEA FLOOR POCKMARKS AND SEA SURFACE SLICKS SEA FLOOR 3D OBLIQUE VIEW SEA FLOOR POCK MARKS POCK MARKS SLICKS BASE TERTIARY PROSPECT OUTLINE
Slide 28: New Mbawa 3D PSTM Seismic Cross Section - Detail
NEW MBAWA 3D PSTM SEISMIC CROSS SECTION – DETAIL KENYA L8 DHI = “Direct Hydrocarbon Indicator” -------------------------------- 0 Km (approx) 2 = seismic feature that may be evidence of hydrocarbons Seismic DHI metres 200 Seismic DHI ------------------- approx) 0m (a •Flat spot evidence is consisten
Slide 29: Mbawa Prospect Seismic AVO Anomalies
KENYA L8 MBAWA PROSPECT SEISMIC AVO ANOMALIES •Depth conversion of this section shows that the hard base anomaly is approximately horizontal in depth •This response is consistent with a gas cap in a sand sufficiently ffi i tl massive i to t yield i ld a true t “flat‐spot” “fl t t” •A weak event belo
Slide 30: Maridadi Fluid Inclusion Oil
KENYA L6 & L8 Maridadi Fluid Inclusion Oil •Oil inclusions occur in two samples in Maridad1 1B exploration oil well –The 4190 m sample with a GOI value of 3.2% is interpreted to have moderately good evidence for palaeo‐oil zone. –The 4110 m sample is interpreted to reflect the presence of oil in tra
Slide 31: Inline 1310
KENYA L8 Inline 1310 Upper Tertiary Marker Lwr Tertiary Fan Mid Jurassic Carbonate N‐ S 3D section and mapping through Mbawa Prospect verifies integrity Page 31
Slide 32: Mbawa Prospect Upper Tertiary Clastics
KENYA L8 MBAWA PROSPECT Upper Tertiary Clastics Upper Tertiary Depth Map (3D) MBAWA PROSPECT • Complex faulted anticline of 146 km2 at the Upper Tertiary marker on 3D • Main Tertiary / Cretaceous mapping is likely to show similar size • 3D mapping shows Tertiary / Cretaceous potential for 2 Billion
Slide 33: Inline 1230
KENYA L8 Inline 1230 Upper Tertiary Marker Lwr Tertiary Fan Mid Jurassic Carbonate N‐ S 3D section through Mbawa Prospect shows interpreted Mid Jurassic carbonate / karst buildup Page 33
Slide 34: Mbawa Prospect Mid Jurassic Carbonate Buildup
KENYA L8 MBAWA PROSPECT Mid Jurassic Carbonate Buildup Mid Jurassic Carbonate Depth Map (3D) • Large closures in Upper and Mid Jurassic • Possible Mid Jurassic carbonate buildup on 3D data • Cl Closures off 64 and k 2 identified d 26 km id ifi d ini northern h half of 3D area
Slide 35: Kenya L8 Simplified Mbawa Stratigraphy
DEPTHS KENYA L8 SIMPLIFIED MBAWA STRATIGRAPHY Sea Surface 0 m ‐ CARBONATES SHALE SEA SANDSTONE Sea Floor 800 m ‐ xxx ? SALT / EVAPORITES 1,000 m ‐ Lamu Limestone * EXPLORATION TARGET Simba Shale RESERVOIR ROCKS TERTIARY Kipini Shale EARLY PALAEOGENE BASIN FLOOR Primary targets TURBIDITE ‘FAN’ SANDS
Slide 36: Kenya L6 & L8 Future Programme
KENYA L6 & L8 KUDU UPDIP KIPINI 0 Km 20 Prospects & Leads KENYA L6 --------- NYATI KIFARU ** ** KIBOKO * Oil Slicks * * ** * MBAWA L8 NYANGUMI Future programme ‐ • L8 drilling Mbawa 2011 • L6 Kifaru 3D seismic 2011, drilling 2012 • Farmins invited for both areas
Pancontinental Oil & Gas NL — Shareholder Meeting (November 2010) on 6ix