Lion Energy Limited · ASX:LIO
Lion Energy — Shareholder Meeting (May 2017)
17 slides from Lion Energy's shareholder meeting presentation, May 30, 2017
Slide 1: Annual General Meeting Investor Update
Annual General Meeting For personal use only Investor Update Perth 30 May 2017 A New Approach to Asian Energy A New Approach to Asian Energy www.lionenergy.com.au May 2017
Slide 2: Important notice and disclaimer
Important notice and disclaimer Forward-looking statements For personal use only Certain statements contained in this presentation, including information as to the future financial or operating performance of Lion and its projects are forward-looking statements. Such forward-looking statements: • sh
Slide 3: Lion Reserves and Resources
Lion Reserves and Resources Indonesia Reserves & Resources, 31 Dec Gas/Associated Gas Oil/Condensate Method 2016 (Recoverable, net to Lion) 1 Recoverable (BCF) Recoverable (MMbbl) For personal use only 1 Reserves 1P 2P 3P 1P 2P 3P 2,3 Total Proven Reserves 0.087 0.118 0.182 Deterministic Contingent
Slide 4: Lion overview - poised for major growth
Lion overview - poised for major growth 15+ years in Indonesia with production and exploration assets For personal use only Organisation • Shares on issue 109 million • Market cap @ A$0.05c A$5.5 million • Current cash ~US$1million Lofin gas field 2 tcf • Good cash flow from Seram production (US$40K
Slide 5: Since Jan 2014 restructure Lion has delivered on our promises
Since Jan 2014 restructure Lion has delivered on our promises Outperformed forecasts, adjusted course to conventional growth strategy For personal use only Lofin Appraisal well in Seram PSC • 2015 Lofin-2 well successful with ~1300m gas column defined and certified Contingent Resource (2C) of 2.02 t
Slide 6: Indonesia: opportunity rich country; low sovereign risk
Indonesia: opportunity rich country; low sovereign risk Strong, resilient economy, solid GDP growth, recent S&P credit rating upgrade For personal use only • Population 255 million (4th largest in world) Indonesia Annual GDP Growth • Currently worlds 16th largest economy (GDP US$862bill) predicted t
Slide 7: Lion's competitive advantages
Lion's competitive advantages Lion bring world class technical and commercial expertise For personal use only Technical • Highly experienced team, excellent reputations, hands on best-in-class skills • Powerful combination of big company expertise with small company agility • Advisory panel (tapping
Slide 8: Management/advisory panel: aligned with shareholders
Management/advisory panel: aligned with shareholders World class talent, Indonesian expertise, proven track records, diverse skills For personal use only Russell Brimage - Chairman Kim Morrison - Managing Director & CEO Stuart Smith – Finance Director 35+ years experience in oil and gas upstream.
Slide 9: Seram (Non-Bula) PSC overview
Seram (Non-Bula) PSC overview Appraisal and development success, cash flow positive For personal use only • Over 16 mm barrels produced since production started in Map of Seram (Non-Bula) PSC January 2003 Lion 2.5% • Oseil Field production now ~3200 bopd (~80 bopd net) CITIC (operator) 51%, Kufpec 3
Slide 10: Lofin Field - one of largest discoveries in region in recent years
Lofin Field - one of largest discoveries in region in recent years 2 tcf gas / 18.3 mmbbl condensate 2C contingent resource*/Lion Share 50 bcf /0.5 mmbbl For personal use only • 2015 Lofin-2 appraisal of 2012 Lofin discovery, confirmed gas column Lofin Structure Schematic Section up to 1300m thick •
Slide 11: South Block A PSC (Lion 40.7%)
South Block A PSC (Lion 40.7%) Company maker potential, Amanah Timur-1 discovery For personal use only • Exciting, underexplored block (1579km 2), multiple plays • PSC signed 2009, Regulator has just approved 4 year extension to Jan 22, 2021 • On trend with major fields • New 400 mmscfd pipeline thr
Slide 12: Amanah Timur discovery
Amanah Timur discovery Keutapang Fm discovery, gas flared & good oil shows, appraisal planned For personal use only • Pre-war field produced (~200,000 bbls) • Well spudded Jan 3 2017, TD at 347m on 11 Jan 2017 • Key objectives had strong gas, good oil shows, gas flared at surface • 3-4 productive zo
Slide 13: Jerneh Prospect
Jerneh Prospect Largest undrilled structure in onshore North Sumatra, world-class potential (64-760 bcf) For personal use only • 7.9 km2 4-way, up to 63 km2 sub thrust closure • Analogue with PASE (~240 bcf) and Matang (up to 400 bcf) fields • Primary objectives: Early Miocene Peutu Lst and Belumai
Slide 14: Unconventional update - rights to highly prospective areas
Unconventional update - rights to highly prospective areas Lion holds rights to over 8,000 km 2 (net) in Sumatra prolific basins For personal use only North Sumatra - Bohorok area (Lion 55%) Joint Study with Bukit, NZOG complete, proposed PSC area ~3000 sq km • Adjacent to PERTAMINA unconventional S
Slide 15: Lion active on new business front
Lion active on new business front Rights to high profile area with oil, large gas potential, targeting production opportunities For personal use only Eastern Indonesian acreage • Lion gains 100% rights to area of over 6,500 km 2 through joint study process • Highly attractive shallow oil and deeper
Slide 16: Lion's major growth upside: team, assets, opportunities
Lion's major growth upside: team, assets, opportunities Significant near-to-mid-term catalysts to drive share price appreciation For personal use only Solid fundamentals Seram PSC • Steady cash flow • Significant oil appraisal potential Forecast catalysts • Major upside with Lofin gas field (LNG/CNG
Slide 17: Thank you
For personal use only Thank you For more information please contact: Kim Morrison Chief Executive Officer kmorrison@lionenergy.com.au Office: +61 8 9211 1500 Mobile: +61 404 490 964 A New Approach to Asian Energy www.lionenergy.com.au May 2017 17