Ng Energy International Corp · TSX:GASX
Ng Energy International — Investor Presentation (May 2021)
23 slides from Ng Energy International's investor presentation, May 2021
Slide 1: Fueling Colombia's Clean Energy Transition
FUELING COLOMBIA’S CLEAN ENERGY TRANSITION May 2021 TSX.V:GASX | OTC:GASXF | FRA:56PQ
Slide 2: Disclaimer
NGE | Disclaimer This presentation of NG Energy International Corp. (the “Company” or “NG”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities in any jurisdiction in wh
Slide 3: Investment Highlights
NGE | Investment Highlights Strong Pricing with Long-term Take or Pay Contracts • High natural gas prices due to decreasing supply and increasing demand in Colombia • State owned utilities provide high quality, credit worthy counterparties for offtake agreements • Advanced negotiations to lock in fi
Slide 4: Management & Board
NGE | Management & Board Colombian based management team with significant in-country experience Strong technical experience within Colombian basins Strong capital markets expertise having led large public resource companies in the past Management Ronald Pantin • Co-founder, CEO, and Executive
Slide 5: Market Data
NGE | Market Data Capitalization Share Price Performance Ticker TSX.V: GASX Share Price $1.50 Basic Shares 105.4 F G FD Shares(1) 126.4 FD Market Cap. 189.7 Net Debt(2) (11.7) Enterprise Value 178.0 30 Day Average Volume 230,000 C E D Insider Ownership(3) 34.1% Events B Natural gas discovery on Aruc
Slide 6: Colombia | Decreasing Supply, Increasing Demand
Colombia | Decreasing Supply, Increasing Demand Decreasing Natural Gas Supply(1) LNG Import Shipments(3) • Declining legacy fields; production and reserves 9 declining at 7% per year; national reserve life index 6 only 12 years • Colombia LNG import facilities are lacking Increasing Demand On-Trend
Slide 7: Colombia | Country Update
Colombia | Country Update Leadership 2019 Corruption Perceptions Index(1) • Ivan Duque won the presidential election in June 2018 87 • Mr. Duque is seen as pro-business, vowing to 77 69 support the oil and gas industry, which he sees as a major pillar of growth 45 • Business professionals rather tha
Slide 8: Asset Overview
NGE | Asset Overview Strong de-risked asset base in well known producing areas adjacent to Canacol assets Located in a very stable area of the country Close to significant national infrastructure Tiburon (10-40% WI) Maria Conchita (80% WI) (Figures stated in company WI) Blue sky exploratory as
Slide 9: Maria Conchita (80% WI) | Asset Overview
Maria Conchita (80% WI) | Asset Overview • Maria Conchita field is in the Guajira Basin on Colombia’s Caribbean coast, 14 km from the TGI Maria Conchita Drilling & Re-Entry Plan Main pipeline with Best Estimate Company Gross Unrisked Prospective Resources (Prospects) of Aruchara-1 1 Istanbul-1 2 Tin
Slide 10: SINU-9 (72% WI) | Flagship Property
SINU-9 (72% WI) | Flagship Property • Excellent exploration potential for natural gas with Best Estimate Contingent Resources of 37.0 Bcf and Best Estimate Prospective Resources (Prospects) Unrisked of 602.2 Bcf (Risked 182.4 Bcf) and Prospective Resources (Leads) of 459.0 Bcf(1) bgross • Canacol’s
Slide 11: SINU-9 (72% WI) | Exploration Approach
SINU-9 (72% WI) | Exploration Approach Phase 1 Exploration Development Area • Wells are drilled to 4,500 to 6,000 feet over 25 to 30 days for a total costs of US$4 to $6 million 1 4 3D Seismic for Magico Mago 2 Hechicero 3 Hechizo-1 Exploration and Development 2021 4. Hechizo-1 • New drill • New dri
Slide 12: High Quality Offtake Counterparties
NGE | High Quality Offtake Counterparties • NG has obtained letters of intent for take or pay contracts with Colombian gas utilities Natural Gas Traders Largest Utility Companies in Colombia Volume: ~10 MMcf/d Volume: ~14 MMcf/d Note: See "Forward-looking statements" on slide 2 TSX.V:GASX // 12
Slide 13: Tiburon (10 – 40% WI) | Blue Sky
Tiburon (10 – 40% WI) | Blue Sky Santa Ana-1 (Mobil) The Tiburón block is in the Upper Guajira on Colombia’s Caribbean coast, and holds source rock with kerogens Type III, gas prone for Tertiary sequence and Type II, and oil prone for Cretaceous sequence It belongs to the same basin as the Chuch
Slide 14: Tiburon (10 – 40% WI) | Blue Sky
Tiburon (10 – 40% WI) | Blue Sky TIBURÓN Two potential areas with Bahia CHUCHU excellent gas Honda PA exploration potentials Puerto Bolivar Coal terminal Bahia de Portete MARIA CONCHITA TSX.V:GASX // 14
Slide 15: Tiburon (10 – 40% WI) | Highly Prospective Structures
Tiburon (10 – 40% WI) | Highly Prospective Structures Perla Discovery Orca-1 Discovery Tiburón Lead 1 Lead 2 TSX.V:GASX // 15
Slide 16: Appendix
Appendix
Slide 17: LNG | Global Natural Gas Prices
LNG | Global Natural Gas Prices $ / Mcf AECO Spot $2.23 Belgium UK LNG $3.02 LNG $2.54 ~9 days South Korea ~12 days LNG $6.73 Henry Hub Spot $2.26 Japan Spain LNG $6.73 LNG $4.39 ~26 days ~22 days ~5 days ~11 days ~22 days LNG $5.37(2) Global LNG Pricing • As opposed to crude oil, LNG does not featu
Slide 18: Colombia | Long-term Supply Shortage
COLOMBIA | Long-term Supply Shortage The supply-demand balance indicates a deficit since January 2024 Caribbean Market Interior Market Source: MME, Concentra, UPME TSX.V:GASX // 18
Slide 19: Maria Conchita | Seismic Interpretation
Maria Conchita | Seismic Interpretation (1) Poisson Ratio AVO Attribute: H2B Anomaly & New Locations to be drilled Tinka-1 Aruchara-1 (1) Seismic interpretation by IGS external independent geophysics interpretation Co TSX.V:GASX // 19
Slide 20: Maria Conchita | Project Layout
Maria Conchita | Project Layout Natural Gas Treatment Facilities 1. Water separator 2. Glycol Unit 3. Three-phase separator 4. Coalescing filter Skid Note: Compressors may not be required depending on the well pressure. TSX.V:GASX // 20
Slide 21: SINU-9 | Seismic Interpretation
SINU-9 | Seismic Interpretation (1) SINU-9 Seismic Attributes Show Potential Hydrocarbon Indicators (DHI) (2) (1) Seismic interpretation by IGS external independent geophysics interpretation Co TSX.V:GASX // 21 (2) The Company is also preparing a resources report on the SN 9 Block that will be in co
Slide 22: NG | Permits & Licenses
NG | Permits & Licenses Transportadora de Gas Internacional (TGI) Transportadora de Gas Internacional, ready-to-build approved connection point to gas pipeline. Corporación Autónoma Regional de la Guajira The public entity of the Colombian government with full autonomy, in charge of the public admin
Slide 23: Colombia | Supply-Demand Dynamic Causing Premium Pricing
Colombia | Supply-Demand Dynamic Causing Premium Pricing • Domestic market supply deficit has led to locally producing companies selling at a significant premium to North American prices • Realized gas prices in Colombia are stable and have maintained around $5.00 / Mcf since 2015 • Canacol, Colombi
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