Lion Energy Limited · ASX:LIO
Lion Energy — Investor Presentation (November 2016)
17 slides from Lion Energy's investor presentation, Nov 24, 2016
Slide 1: Lion Energy Limited Investor Presentation
Lion Energy Limited Investor Presentation For personal use only November 2016 A New Approach to Asian Energy A New Approach to Asian Energy www.lionenergy.com.au November 2016
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 2015 (Recoverable, net to Lion) 1 Recoverable (BCF) Recoverable (MMbbl) For personal use only 1 Reserves 1P 2P 3P 1P 2P 3P 2,3 0.122 0.153 0.216 Deterministic Total Reserves Contingent Resourc
Slide 4: Executive summary
Executive summary For personal use only • Lion has consistently met or out-performed its Prospectus targets • Lion is well positioned in Indonesia, which has an improving investment climate and an enviable and growing economy • Lion’s existing assets have performed well and its title is secure • The
Slide 5: Company overview - poised for major growth
Lion overview - poised for major growth Fiscally disciplined company with strong management team and exciting asset portfolio For personal use only Capital structure Over 10,000 sq km net acreage with held PSC's & completed/ • Shares on issue: 96.6m approved Joint Studies • Market cap @ 6.5cps: A$6.
Slide 6: Jan 2014 company repositioned: delivering on our promises
Jan 2014 company repositioned: delivering on our promises Outperformed appraisal/production 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 Resour
Slide 7: Indonesian Overview, improvements across most economic metrics
Indonesian Overview, improvements across most economic metrics Strong, resilient economy with solid annual GDP growth (~5%) For personal use only Indonesia Annual GDP Growth • Currently worlds 16th largest economy with predictions to be 7th largest economy by 2030 (GDP US$862bill) • Population curre
Slide 8: Management and advisory panel
Lion management and advisory panel 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. Exploration geol
Slide 9: Seram (Non-Bula) PSC overview
Seram (Non-Bula) PSC overview Appraisal and development success, cash flow positive at current prices (~US$40K pm net) For personal use only • Over 15 mm barrels produced since production started in Map of Seram (Non-Bula) PSC January 2003 through to 30 September 2016 Lion 2.5% • Oseil Field product
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 Lofin Structure Schematic Section column up to 1300m • Gas t
Slide 11: South Block A PSC - Lion 40.7%
South Block A PSC - Lion 40.7% Company maker potential, imminent drilling with Amanah Timur-1 well For personal use only • Exciting, underexplored block (1579km2), multiple plays • PSC signed 2009, current term expires Dec 2016, commitment well to be drilled will allow 4 year extension • On trend wi
Slide 12: Amanah Timur Prospect
Amanah Timur Prospect Drilling plans advanced, low cost well (US$1.3mil) with line of sight to production For personal use only • Pre-war field produced (~200,000 bbls) from shallow section • Unswept and recharged oil likely, deeper sands undrilled • 600m well will test prospect • Near term producti
Slide 13: Lion has taken lead on AMT-1 technical evaluation and drill operations
Lion has taken lead on AMT-1 technical evaluation, drill operations Excellent drilling team assembled, well cost reduced from >US$3mm in 2014 to current US$1.3mm For personal use only m GL Amanah Timur-1 Amanah Timur 1 0 Multiple objectives predicted section "400" planned TD ~530m Shallow 100 sands
Slide 14: Aceh and North Sumatra under supplied gas markets
Aceh and North Sumatra under supplied gas markets High growth potential and competition against re-gassified LNG For personal use only Existing Supply: • Block B and NSO, now Pertamina, in rapid decline and likely abandoned in a few years without further investment. • Arun plant stopped exporting in
Slide 15: Building well balanced, highly material position
Lion building well balanced, highly material position Lion has experience & resources to execute in opportunity rich environment For personal use only Combined Lion risked resources: ~11.5mmboe Targeted prospective resources (risked): ~37 mmboe Strategy for production Targeted combined (risked): ~48
Slide 16: Lion's major growth upside: team, assets, regional opportunities
Lion's major growth upside: team, assets, regional opportunities Significant near to mid term catalysts to drive share price appreciation For personal use only Solid fundamentals South Block A PSC • Near term drilling, on trend with major fields • Established oil and gas infrastructure Forecast 2017
Slide 17: Thank you
For personal use only Thank you For more information please contact: Kim Morrison Stuart Smith Chief Executive Officer Executive Director kmorrison@lionenergy.com.au ssmith@lionenergy.com.au Office: +61 8 9211 1500 Indonesia: +62 811 460 395 Mobile: +61 404 490 964 Singapore: +65 9820 3889 A New App