Lion Energy Limited · ASX:LIO
Lion Energy — Excellence in Oil & Gas Conference 2015
21 slides from Lion Energy's conference presentation, Mar 17, 2015
Slide 1: A New Approach to Asian Energy
A New Approach to Asian Energy For personal use only Company Update March 2015
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: Important notice and disclaimer (cont.)
Important notice and disclaimer (cont.) Reserves & Resources, 1 Jan 2015 Gas/Associated Gas (BCF) Oil/Condensate (MMbbl) Method (Recoverable, net to Lion)1 For personal use only Reserves 1P 2P 3P 1P 2P 3P Total Reserves (Seram) 0.119 0.173 0.241 Deterministic Contingent Resources 1C 2C 3C 1C 2C 3C T
Slide 4: Presentation Overview
Presentation Overview For personal use only Lion Update Indonesian Unconventional Our Team Strategy Assets Milestones A New Approach to Asian Energy www.lionenergy.com.au March 2015 4
Slide 5: Company Snapshot
COMPANY SNAPSHOT Linked conventional/unconventional Indonesian strategy Restructuring complete For personal use only • Shares on issue: 96m • Market cap @15c: A$14.4 million • Cash: A$5.6mil (31/12/2014) • Revenue: ~A$2 million pa Major shareholders: • Risco Energy Investments (54.7%) • Tower Energy
Slide 6: Delivering on Our Promises
DELIVERING ON OUR PROMISES Joint studies, Seram production, SBA portfolio upgraded For personal use only • Building significant unconventional acreage Lion’s Sumatran position position • Two joint studies awarded (~7,200 km2), others being progressed • Early mover position - sweet spots captured • L
Slide 7: Indonesia's Investment Rationale
INDONESIA’s INVESTMENT RATIONALE A unique opportunity in SE Asia Projected Indonesian oil and gas For personal use only • New President keen to improve/simplify supply/demand balance oil and gas bureaucracy Mboe/d 6,000 Demand: • Worlds fourth-largest population High-case (~250mm) 5,000 • Fast-growi
Slide 8: Lion's Unconventional Acreage Build
LION’s UNCONVENTIONAL ACREAGE BUILD Targeting 2 million plus net acres in prolific Sumatran basins Early days but assessments point to multi-tcf gas/multi-100’s mmbbl oil upside For personal use only Lion’s unconventional acreage growth staircase US unconventional examples Net acres Proved Net prod-
Slide 9: Indonesia's Prolific Onshore Basin
INDONESIA’s PROLIFIC ONSHORE BASIN 5 basins in top 15 in region by discovered onshore conventional HC’s North & Central Sumatra highest hydrocarbon density (disc. HC’s per km2) For personal use only Asia-Pacific top 15 onshore basins, ranked by discovered hydrocarbons Source: IHSE, various A New App
Slide 10: Indonesian World Class Oil/Gas Basins
INDONESIAN WORLD CLASS OIL/GAS BASINS Sumatra is Indonesia’s most established hydrocarbon province Discovered hydrocarbons in Indonesian onshore provinces For personal use only Sumatra 17.4 bbo, 41 tcfg, 1.1 bbc Kalimantan 1.7 bbo, 18.4 tcfg, 0.2 bbc East Indonesia Major source rock 0.7bbo, ~3 tcfg,
Slide 11: Board & Management
BOARD & MANAGEMENT Well rounded team, proven track records For personal use only Russell Brimage Kim Morrison Chairman Managing Director and CEO 35+ years experience in oil and gas Exploration geologist, 28 years of Founder of Oilserv Australia Ltd, providing international experience including
Slide 12: Advisory Board
ADVISORY BOARD Pre-eminent panel of industry advisors, wide-ranging skill set For personal use only Mr Roger Whyte Dr Andrew Cullen Principal Advisor Technical Advisor Geophysicist with extensive SE Asia exposure, Co-founder of KRX Petroleum geoscientist (BSc, MSc and PhD) which is now a wholly
Slide 13: Strengths
STRENGTHS The right mix of skills and expertise For personal use only Technical • Best-in-class team • Big company expertise, small company agility • Advisory panel (tapping US/international unconventional knowledge) Commercial • Risco team involved in deals >$1billion in past 10 years • Proven trac
Slide 14: Clear Strategy
CLEAR STRATEGY Linked conventional/unconventional approach For personal use only • Focus on Sumatra: prospective geology, infrastructure and markets • Using synergies in conventional exploration to understand our unconventional potential • Cost efficiencies • Near/mid-term cash flow potential • Adop
Slide 15: South Block A PSC (35%)
SOUTH BLOCK A PSC (35%) Heartland position in prolific basin • Exciting, underexplored block (1894km2) For personal use only • 2013 Matang-1 discovery in adjacent PSC • New pipeline through area: • Recent Block A gas contract - US$9.45 mmbtu • 183 km seismic program complete: • Paya Bili Prospect -
Slide 16: Seram (Non-Bula) PSC (2.5%)
SERAM (NON-BULA) PSC (2.5%) Lofin currently drilling, Oseil development drilling For personal use only • 2.5% interest - CITIC (operator), Kufpec and Gulf Petroleum as co-venturers • Annual net revenue of circa A$2 mil • Attractive fiscal terms/large sunk cost pool • Oseil Field: • Gross production
Slide 17: North Sumatran Unconventional
NORTH SUMATRAN UNCONVENTIONAL February approval of 4684 km2 Joint Study For personal use only • Lion 55% with partners of overlapping conventional Bohorok PSC (Bukit, NZOG, SBL) 45% • Adjacent to PERTAMINA’s unconv. Sumbagut MNK PSC (first unconv. PSC awarded in Indonesia) • Suitable geology: Key ta
Slide 18: Central Sumatra Unconventional
CENTRAL SUMATRA UNCONVENTIONAL Unconventional JS in Bengkalis Graben area (2,478 km2) For personal use only • Lion 75% and operator of joint study, LNG import terminal with conventional PSC holder at 25% • Bengkalis Graben located in the east of the prolific Central Sumatra Basin, hosts major discov
Slide 19: Lion Opportunity Funnel – New Business
LION OPPORTUNITY FUNNEL – NEW BUSINESS Active negotiation, near-mid term exploration & production in Sumatra New Venture Technical Negotiation / Exploration For personal use only Screening Review Final DD activities Sign Submit Sign CA Bid/Offer Acreage Undeveloped Board Java KSO fields Approval N S
Slide 20: Milestones
MILESTONES Active program - good news flow, funded through 2015 Lion activity and key event timeline (4Q-2013 to end-2015) For personal use only Lion Activity and Key Event Timeline (Q4 2013 to end 2015) 2013 2014 2015 Lion Interests/Activities Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Transaction approved 22 Jan
Slide 21: 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 21
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