Cue Energy Resources Limited · ASX:CUE

Cue Energy Resources — Investor Presentation (January 2011)

28 slides from Cue Energy Resources's investor presentation, Jan 24, 2011

  1. Slide 1: ASX announcement cover note

    Cue Energy Resources Limited A.B.N. 45 066 383 971 Level 21 For personal use only 114 William Street Melbourne Victoria 3000 Australia Telephone: (03) 9670 8668 Facsimile: (03) 9670 8661 Email: mail@cuenrg.com.au Website: www.cuenrg.com.au TO : Company Announcements Office 10th Floor 20 Bond Street

  2. Slide 2: Presentation January 2011

    For personal use only Presentation January 2011 It’s all about performance

  3. Slide 3: Disclaimer & Important Notice

    For personal use only DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other importan

  4. Slide 4: Cue Energy Statistics

    Cue Energy Statistics For personal use only 20 Largest Shareholders Australian Registered Company established 1981 Ordinary Percentage Shareholder Shares Held Shareholders 5,576 Todd Petroleum Mining Company Limited 163,103,314 23.52% Listings Australia, New Zealand, Papua New Guinea UOB Kay Hian Pr

  5. Slide 5: Directors & Executives

    For personal use only DIRECTORS & EXECUTIVES RICHARD TWEEDIE, LL.B MARK PATON, BSC (Hons 1) C Eng Non-Executive Chairman Chief Executive Officer MD Todd Energy NZ 30 years experience, oil & gas (27% of shares) Joining Cue in Feb 2011 LEON MUSCA, LL.B ANDREW KNOX, B Com Non-Executive Director Chief F

  6. Slide 6: Asset Location Map

    Asset Location Map For personal use only OIL PRODUCTION PDL3 Cue 5.568892% MALAYSIA (SE Gobe Unit 3.285651%) OIL, GAS PRODUCTION Sampang PSC EXPLORATION Cue 15% PNG PPL190 INDONESIA Cue 10.947% CONTINGENT GAS RESOURCE AC/RL 7 CONTINGENT GAS RESOURCE Cue 20% PRL9 Cue 14.894% EXPLORATION WA-389-P Cue

  7. Slide 7: Hydrocarbon Inventory

    Hydrocarbon Inventory For personal use only Oil Reserves Gas Reserves/ Resources TOTAL Oil : 3.17 mmbbls TOTAL Gas : 268 BCF (45 mmbbls BOE) 2.42 mmbbls (2P) Maari (NZ) 120 BCF (2C†) Barikewa (PNG) 0.31 mmbbls (2P) Manaia (NZ) 120 BCF (2C†) Cash-Maple (Australia) 0.31 mmbbls (2P*) Oyong (Indonesia)

  8. Slide 8: Net 2P Production Forecast

    Net 2P Production Forecast For personal use only 6500 6000 5500 5000 4500 B 4000 O 3500 E 3000 P D 2500 2000 1500 Calendar 2011 1000 • 520,000 barrels oil • 2.4 billion cubic ft gas 500 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 SE GOBE OIL OYONG OIL MAARI/MANAIA OIL OYONG GAS WORTEL GAS OTHER G

  9. Slide 9: Growth Path

    Growth Path For personal use only …Australasian & SE Asian Focus To develop a highly valued E & P company with market capitalisation greater than A$ 1 Billion Organic Growth PRODUCTION 3 fields DEVELOPMENT 1 field APPRAISAL 2 fields EXPLORATION 9 areas Acquisitions/Mergers ONGOING …balanced portfoli

  10. Slide 10: Opportunities for Growth

    Opportunities for Growth For personal use only Exploration Appraisal Development Production LNG Carnarvon Basin PNG: Barikewa • Caterina SCALE GAS AC/RL7: Cash - Maple NZ: PEP51313 NZ: Maari • Matariki Oil • Te Whatu Indonesia: Oyong PNG: SE Gobe • Pike Gas & NZ: PEP51149 Indonesia: Wortel Indonesia

  11. Slide 11: Projects

    For personal use only PROJECTS

  12. Slide 12: Papua New Guinea

    Papua New Guinea For personal use only Mt Hagen P’nyang Hides Goroka Juha Moran Agogo Kutubu PDL3 Gobe SE Gobe PPL190 Kimu Barikewa PRL9 Elk/ Antelope LEGEND Cue Licence Oil Fields Kerema Gas Fields Proposed Gas Pipeline Oil Pipeline Kumul Oil terminal PNG LNG 0 100 km Port Moresby

  13. Slide 13: South East Gobe Field - PNG

    South East Gobe Field - PNG For personal use only PPL190 PPL219 Gobe 5 Gobe 4 Gobe Main Field APRL 14 PPL190 Gobe 6 Gobe 2X Gobe 2 Wasuma 1 Gobe 7X South East Gobe Field PDL4 Gobe Gobe74 SEG 9 PPL 190 SEG 3 SEG 8 SEG 10 PPL206 PDL3 SEG 1 SE Gobe 1 Gobe 3X Gobe 3 PDL4 SEG 7 SEG 13 SEG 2 SEG 5,6 Gobe

  14. Slide 14: PRL9 - Barikewa Gas Field

    PRL9 - Barikewa Gas Field For personal use only Proposed PNG LNG Pipeline Location • Barikewa is a potentially large Oil Pipeline resource • Toro and Hedinia (2P equiv) 700 BCF • Mean (all zones) 1.5 TCF • P10 (all zones) 2.6 TCF (Source – Oil Search 2009) • Recently acquired 60km 2D seismic data ov

  15. Slide 15: Sampang PSC – Indonesia

    Sampang PSC – Indonesia For personal use only MADURA ISLAND LEGEND Cue Contract Gas Field Sampang Pamekasan Oil Field Herbras Kentang Persik Utara Prospect OYONG AREA 3 Surabaya AREA 1 WORTEL Gas Pipeline AREA 4 JERUK Pare AREA 2 Paus Ubur-Ubur Bakung Bengkoang Participating JV Participants Interest

  16. Slide 16: Oyong + Wortel Development

    Oyong + Wortel Development For personal use only Gresik Sumenep Sampang Wortel Wellhead Surabaya Platform 2011 DEVELOPMENT Oyong OIL Platform PHASE FSO Production Barge DEVELOPMENT COMPLETED Onshore gas Processing plant East Java pipeline GAS PHASE Grati Probolinggo Leces Source: Santos Ltd …three s

  17. Slide 17: Wortel Gas Field

    Wortel Gas Field For personal use only 10km pipeline Wortel-1 Wortel-2 2 Development wells RECOVERABLE GAS POTENTIAL (BCF) Pare Prospect LOW MID HIGH 63 104 122 Limit of Oyong 3D seismic Scale 2km Capital cost US$100 million Cue share US$15 million Top Mundu Formation Depth Map …tie to Oyong

  18. Slide 18: New Zealand Maari Oil Field

    New Zealand Maari Oil Field For personal use only Tui PMP38160 Kapuni Maui Maari -1 Moki -1 Oil producers Maari -2 Maari Well Kupe South Head Platform Maari Moki -2A Maari South Scale 20km Manaia -1 Maui -4 JV Participants Participating Interest OMV (Operator) 69% Todd 16% 0 5 km Horizon 10% Cue 5%

  19. Slide 19: Maari Development Scheme

    Maari Development Scheme For personal use only Wellhead Platform Floating Production Storage Offloading (FPSO) …facilities completed

  20. Slide 20: Maari Development

    Maari Development For personal use only • Platform, FPSO, 7 oil wells, 3 water injectors • First oil 1Q 2009, 11 million barrels produced • Current rate ~ 20,000 bopd Cue share ~ 1,000 bopd • Moki 2P oil reserves ~ 52 million barrels Cue share ~ 2.6 million barrels • M2A 2P initial reserves 3.2 mill

  21. Slide 21: PEP 51313 - Matariki

    PEP 51313 - Matariki For personal use only Kiwa – 1 Hector - 1 PEP 51313 Hine • Matariki 3D acquisition Pukeko - 1 PMP 38160 Maari - 1 Maari completed Pukeko Maari - 2 Maari Moki - 1 Moki - 2 - Processing underway Dev Manaia Pike • Te Whatu 2D acquisition in Te Whatu-2 Maui -4 Paikea PEP Paua 2011 M

  22. Slide 22: PEP 51149 – Te Kiri

    PEP 51149 – Te Kiri For personal use only Source: Todd Petroleum 2009 Scale 5km New Plymouth JV Participants Participating Interest Todd Exploration 40% (Operator) Mighty River Power Gas 30% Kaimiro Gas Field Investments Ltd Cue Taranaki Pty 20% PEP 51149 Goldie Oil Field Limited Cue 20% Ngatoro Gas

  23. Slide 23: Australia Carnarvon Basin Permits

    Australia Carnarvon Basin Permits For personal use only LEGEND • 5 permits on trend with major Oil Field Gas Field discoveries and new developments Cue Non-Operated Permit WA-389-P • Significant existing and planned LNG Caterina Prospect processing capacity in the region • Possible 3rd party access

  24. Slide 24: WA-389-P: Prospects & Leads

    WA-389-P: Prospects & Leads For personal use only WA-389-P Ezard • Farmout to Woodside Donovans  1440km2 new 3D seismic in 2010 The Point  Reprocess existing 3D seismic  Drill one well in 2011 Caterina • 8 large prospects and leads Movida • Cue retains 35% interest Rockpool PRIMARY TARGET POTENTI

  25. Slide 25: Intra-Triassic Channel Play

    Intra-Triassic Channel Play For personal use only LEGEND NW SHELF ANALOGUES Intra Triassic Channels on PRODUCTION current 3D seismic Goodwyn Gas Field Intra Triassic Channels 2D seismic Existing 3D seismic Planned 3D seismic Gas Filled Channel New Movida Cue Permit 3D seismic WA-389-P APPRAISAL Juli

  26. Slide 26: AC/RL7 - Cash Maple Gas Field

    AC/RL7 - Cash Maple Gas Field For personal use only Sunrise- Troubadour Evan Shoals Bayu-Undan AC/RL7 Cash-Maple Cash-Maple Cash-2 (proposed) Field Cash-1 Crux Petrel Darwin Paqualin-1 Scott Reef Ichthys Blacktip Calliance Maple-1 Scale 5km Scale 100km Modified from PTTEP 2010 Recoverable gas (BCF)

  27. Slide 27: Activity Timing

    Activity Timing 2010 2011 CUE INDICATIVE TIME LINE 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q For personal use only EXPLORATION SEISMIC PEP51149 (2D) Pungarehu PEP51313 (3D and 2D) Matariki/ Te Whatu WA-389-P (3D) WA-359-P, 409-P (3D) DRILLING WA-360-P Artemis-1 Sampang PSC Wortel Development WA-389-P Caterina-1 PEP51

  28. Slide 28: Summary: Why Invest in Cue

    For personal use only SUMMARY WHY INVEST IN CUE Balanced portfolio • Very large gas upside • High potential exploration acreage • Ongoing exploration drilling • Appraisal drilling • Oil production • Gas production It’s all about performance

Cue Energy Resources — Investor Presentation (January 2011) on 6ix