Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Investor Presentation (July 2011)
23 slides from Pancontinental Energy Nl's investor presentation, Jul 12, 2011
Slide 1: Investor Presentation July 2011
Investor Presentation July 2011 ASX : PCL For personal use only MALTA • AREA 5 • AREA 4 BLOCK 3 AUSTRALIA CANNING BASIN • EP 104 / R1 • L15 NAMIBIA WALVIS BASIN • EL 0037 KENYA • L6 • L8 • L10A • L10B AUSTRALIA CARNARVON BASIN • EP 424 • EP 110
Slide 2: Disclaimer
Disclaimer The information contained in this Overview or subsequently provided to the Recipient of this Overview whether orally or in writing by or on behalf of Pancontinental Oil & Gas NL (“PCL”) or their respective employees, agents or consultants ("Information") is provided to For personal use on
Slide 3: Introduction
Introduction • ASX listed E&P company focussed on assets in Kenya, Namibia and Malta For personal use only • Interests in four offshore Kenya licences as well as 17,000km2 licence area offshore Namibia • Recognised partners in Kenya offshore licences including BG, Origin, Apache, Tullow and Cove • E
Slide 4: Corporate Overview
Corporate Overview Price A$ For personal use only 7 3 4 5 6 2 1 20 Volume 10 Millions Capital Structure Shareholders Company Progress 1. Origin Energy divestment of Block L8 to ASX Code: PCL Apache Share Price: A$0.135 2. Kenya Government offers new PSC on Blocks L10A & L10B Shares in Issue: c.670M
Slide 5: Licences
Kenya Licences • Significant long term holdings in prime exploration areas For personal use only • Major partners with successful East African track record • Very large prospect potential Somalia Ethiopia L6 - 3,100km2 Flow 60% Pancontinental 40% Somalia Kenya L8 – 5,115km2 Apache 50% Origin 25% Pat
Slide 6: L6 & L8 Slicks
Kenya L6 & L8 Slicks KENYA L6 & L8 For personal use only • L6 + L8 Total 8,200km2 • Water depths 0 to 1300m & onshore • Prospects associated with slicks in both areas L6 Slicks L8 http://www.pancon.com.au 6
Slide 7: L6 Kifaru Prospect
Kenya L6 Kifaru Prospect Kenya L6 For personal use only • 3,100 Km2 • Water depth 0 to 300m • Kifaru- main prospect adjacent to interpreted hydrocarbon kitchen / trough • 3D over 2 prospects 2011 • Drilling 2012 KIFARU PROSPECT http://www.pancon.com.au 7
Slide 8: L8
Kenya L8 L8- 5,100 Km2 For personal use only • Water depth 0 to 1,300m • Mbawa drilling 2011 / 2012 • Farmins by Apache and Tullow • New operator Apache looking at rig availability *NOTE-Potential volumes are Pancontinental projections and do not necessarily reflect those of other joint venture part
Slide 9: L8 – Mbawa
Kenya L8 – Mbawa For personal use only • One well to about 3,500m will test multiple targets Sea • Water depths of approximately 800m & Sea floor – 800m accessible with modern equipment Lamu Limestone 1,000m Simba Shale Tertiary EARLY PALAEOGENE BASIN FLOOR Kipini Shale TURBIDITE „FAN‟ SANDS (Kipini
Slide 10: L10A & L10B
Kenya L10A & L10B Two new blocks awarded on 17 May 2011 For personal use only • Awarded May 2011 • 10,000 km2 • Water depth 200m to 1,800m • Interpreted oil “kitchen” troughs • Notable partners- BG Group, Premier Oil, Cove Energy • “Fast Track” exploration programme L6 L10A – 4,962km2 BG 40% L8 Cove
Slide 11: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only KENYA Mombasa L10A Korosi & Korosi E Leads Upper Cretaceous anticlines Likaiu & Likaiu E Leads Upper Cretaceous anticlines Namaruna Lead Miocene reefs Olkaria Lead Paka Lead U Jurassic Reef Marsabit & Marsabit E Leads Cretaceous anticline Cretaceous Me
Slide 12: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only Tertiary / Upper Lower Tertiary / Upper Cretaceous anticline Cretaceous anticlines Miocene Miocene reef reef Cretaceous Cretaceous Mega-channels Mega-channels http://www.pancon.com.au 12
Slide 13: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only Olkaria Lead Tertiary / Upper Cretaceous anticline Upper Jurassic reef http://www.pancon.com.au 13
Slide 14: Namibia – EL 0037
Namibia – EL 0037 For personal use only NAMIB IA NAMIBIA – NEW LICENCE EL0037 • Petroleum Agreement & Exploration Licence signed 28/6/11 EARLY APTIAN • Pancontinental 85% & OIL MATURITY Operator Immature • 17,295 km2 offshore Early • Water depth 0 - 1,500m Mid • Turbidites, ponded fans, Late channel
Slide 15: Namibia – Prospectivity
Namibia – Prospectivity Breakup Unconformity to Base For personal use only EL LOCATION Tertiary Interpretation – A package of rich oil source rocks, reservoirs and seals 3 Oil Source Rocks Onlapping Turbidites SLOPE ENVIRONMENT 4 Ponded Turbidites & Basin Floor Fans Early Cretaceous Aeolian & Incise
Slide 16: Namibia – Source Rock
Namibia – Source Rock For personal use only http://www.pancon.com.au 16
Slide 17: Malta: Area 4 & Area 5 – Block 3
Malta: Area 5 & Area 4 – Block 3 Malta: For personal use only • Libyan geology in Maltese waters • Several Prospects already identified- now requiring 3D • Very large volumetric potential in main prospects • Negotiating reinstatement of ESA http://www.pancon.com.au 17
Slide 18: Malta – Chianti Prospect
Malta – Chianti Prospect For personal use only • Libyan geology in Maltese waters • Chianti Prospect – interpreted large carbonate “reef” prospect http://www.pancon.com.au 18
Slide 19: Australia – EP 424 & EP 110
Australia – EP 110 & EP 424 EP 110 & EP 424 For personal use only • PCL – 38% • Known oil province • Baniyas prospect on trend to producing oil fields • Water depth of 10m http://www.pancon.com.au 19
Slide 20: Australia – EP 104 / R1 & L15
Australia – EP 104 / R1 & L15 EP 104 / R1 / L15 For personal use only • Looking for oil on-trend to Blina etc PCL • West Kora L15 oil redevelopment PCL 12% http://www.pancon.com.au 20
Slide 21: Investment Highlights
Investment Highlights For personal use only Interests in four highly prospective offshore Kenya Growing Portfolio of East & West blocks African Assets One Block offshore Namibia covering 17,000km2 Recognised Partners with Recognised and financially capable partners such as Successful African T
Slide 22: Board & Management
Board & Management Mr Henry David Kennedy, Chairman For personal use only Mr Kennedy has had a long association with Australian and New Zealand resource companies. As a technical director he has been instrumental in the formation and/or development of a number of successful listed companies. These i
Slide 23: Contact Information
Contact Information For personal use only Pancontinental Oil & Gas NL Ground Floor, 288 Stirling Street Perth, WA 6000 Australia Tel: +61 (8) 9227 3220 Fax: +61 (8) 9227 3211 http://www.pancon.com.au http://www.pancon.com.au 23
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