Central Petroleum Limited · ASX:CTP
Central Petroleum — SEAAOC 2024
16 slides from Central Petroleum's conference presentation, Sep 18, 2024
Slide 1: SEAAOC September 2024
SEAAOC September 2024 Central Petroleum Limited (ASX:CTP)
Slide 2: Company snapshot
Company snapshot Established oil and gas producer Material exploration opportunities • ASX listed (CTP), ~$40m market cap • Diverse portfolio of prospective gas permits • Largest onshore gas operator in the Northern Territory • Conventional and sub-salt exploration opportunities for * • Currently su
Slide 3: NT gas market in transition
NT gas market in transition Significant NT market shortfall being balanced by diverted LNG ➢ Significant decline in Blacktip supply since 2022 ➢ Inpex & temporary DLNG tail gas have helped to plug the gap. ➢ Mereenie / Palm Valley producing reliably, new NTG GSA secured commencing 2025. ➢ Amadeus Ba
Slide 4: Solid past year, many opportunities ahead
Solid past year, many opportunities ahead FY24 Recap • Zero TRIFR for 18+ months • Reliable production • Flexible to changing market conditions • Innovating with EP115 seismic test line FY25 Outlook • 2 x Mereenie Development wells • Pursue Mereenie Stairway Upside • Preparations for further Palm Va
Slide 5: Capturing market opportunity with 2 new Mereenie Wells
Capturing market opportunity with 2 new Mereenie Wells • Mereenie Joint Venture recently made Final Investment Decision (FID) to execute two-well development campaign • Wells will target crestal P3 gas cap in area of enhanced permeability like the successful WM28 drilled in 2021 • WM29 and WM30 will
Slide 6: Positioning for market opportunity - Mereenie Stairway Appraisal
Positioning for market opportunity - Mereenie Stairway Appraisal 70+ vertical penetrations provide strong evidence of extended reservoir presence, natural fracturing and virgin pressures Fieldwide, approximately 108PJ* of contingent resources (2C) certified by NSAI • Contingent resource estimates co
Slide 7: Positioning for Market Opportunity – further Palm Valley Appraisal
Positioning for Market Opportunity – further Palm Valley Appraisal 2 from 2 prior successes (PV13 & PV12) demonstrate continued viability of P1 interval using PV14 horizontal wells PV12 and PV13 performance to date has led to an ~40% increase in recovery expectations from future appraisal wells JV h
Slide 8: World Class Subsalt Potential – Jacko Bore 2 Exploration
World Class Subsalt Potential – Jacko Bore 2 Exploration • Fractured basement target at 2,140 mTVD. • Jacko Bore 1 drilled vertically to 2,295 mTVD with flow of 530 mscf/d from fractured basement. • Flow test indicated world class Helium potential (9% He) along with 12% H2. • Jacko Bore 2 to be a la
Slide 9: World Class Subsalt Potential – Dukas 2 Exploration
World Class Subsalt Potential – Dukas 2 Exploration • Large Heavitree target at 3,870 mTVD. • Dukas ST1 suspended at 3,704 mMD due to overpressure in Gillen Salt • Dukas 2 to target thinner salt overburden • Large, specialised rig, 15,000 psi rating • Farmout discussions underway, potential follow u
Slide 10: Further Upside in EP115
Further Upside in EP115 • Significant untapped potential exists for proven and unproven plays for hydrocarbons, helium and hydrogen • Subsalt, intra-salt, 3-way & 4-way Ordovician structures, sub-thrust w/ salt seal • Multiple leads identified (to right) CENTRAL PETROLEUM LIMITED (ASX:CTP) 10
Slide 11: Central well positioned to capture excellent gas market dynamics
Central well positioned to capture excellent gas market dynamics ✓ NT market increasingly short providing strong signals to increase production ✓ New NTG GSA commencing 2025 ✓ FID for two new wells at Mereenie to increase production ➢ Progress well planning for further development & appraisal ➢ Comp
Slide 12: Appendix 1
Appendix 1 Reserves and Resources Information CENTRAL PETROLEUM LIMITED (ASX:CTP) 12
Slide 13: Appendix 1: Reserves and Resources information
Appendix 1: Reserves and Resources information Reserves and contingent resources Reserves Contingent Resources Proved Proved & Best estimate Central – existing producing fields Probable (Central share) Units 1P 2P 2C Mereenie Oil mmbbl 0.30 0.36 0.05 Mereenie Gas PJ 28.1 36.6 45.6 Palm Valley PJ 10.
Slide 14: Appendix 1: Resources information
Appendix 1: Resources information Prospective Resources Units Low Estimate Best Estimate High Estimate Mean Prospective Resources Dukas (EP112) Central 45% interest* The volumes of Prospective Resources included in this report Helium Bcf 7.7 51.3 212.4 89.6 represent the unrisked recoverable volumes
Slide 15: Notice and Legal Disclaimer
Notice and Legal Disclaimer To the maximum extent permitted by law: This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presen
Slide 16: Contact and Further Information
Level 7, 369 Ann Street Brisbane QLD 4000 Contact and Australia Further Information +61 (0)7 3181 3800 info@centralpetroleum.com.au www.centralpetroleum.com.au This presentation was approved and authorized for release to the ASX by Leon Devaney, Managing Director and Chief Executive Officer CENTRAL