NGE Capital Ltd · ASX:NGE

NGE Capital — New Guinea Energy — Good Oil Conference 2010

32 slides from NGE Capital's conference presentation, Sep 7, 2010

  1. Slide 1: Corporate Presentation – September 2010

    CORPORATE PRESENTATION – SEPTEMBER 2010

  2. Slide 2: Important Notice

    IMPORTANT NOTICE  The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluation New Guinea Energy Ltd. While management has taken every effort to ensure the accuracy

  3. Slide 3: PNG General Overview

    PNG GENERAL OVERVIEW PNG is a stable, pro-development, low tax country offering excellent fiscal returns  PNG fiscal terms ranked 8th in the world, 3rd in region  Limited portfolio acreage available in Asia  Southeast Asia Multi-Nationals and National Oil Companies in ‘land grab’ in PNG  Current

  4. Slide 4: Overview of Players

    OVERVIEW OF PLAYERS PNG Oil & Gas Value Curve (at current oil price) Market Capitalisation $5bn $1bn Other Players include: $200m •Exxon Exxon Mobil •Santos •Talisman Energy $100m Prospects Discoveries Production Profits Superior profits & reserves

  5. Slide 5: Overview of Players

    new guinea energy 'tts New Guinea Energy Papua Petroleum Eaglewood Energy Rift Oil [RIFT] Horizon Oil [HZN] InterOil [10C] Oil Search [OSH] (NGE] [EWD] Exchange [een TSx AIM ASK ASK Unlisted NYSE Strategy Exploration Exploration - acquired Exploration Exploration - acquired Exploration, with JVs Int

  6. Slide 6: Overview of Activity in Region

    OVERVIEW OF ACTIVITY IN REGION April 2009  Oil Search farmed into Eaglewood Energy’s PPL 260 for 55km of seismic and a well commitment. May 2009  Papua Petroleum Ltd (Papua Petroleum) farmed out to Sasol to fund four wells and 100km of 2D seismic in PPL 235.  Horizon Oil NL (Horizon) farmed out 5

  7. Slide 7: NGE's Licence Overview

    new guinea energy ts NGE’S LICENCE OVERVIEW A MoUtoupdate Petrochemical study .* Horizon tests Stanley-1 gas © and condensatewell Rift Oil Douglas-1 and Puk Puk-1 gas discoveries “on Mee isle alismar j Pa if Gall? “pp 266 (ile. a Ms ae s Talisman considers floating LNG project 500 km www.ngenergy.co

  8. Slide 8: Commercial Map of Papua New Guinea

    COMMERCIAL MAP OF PAPUA NEW GUINEA

  9. Slide 9: Current Permit Equity Positions

    CURRENT PERMIT EQUITY POSITIONS 100% NGE 100% Talisman 50% Talisman / 50% Horizon 50‐85% NGE / 15‐50% Talisman 50% Talisman / 50% Sasol

  10. Slide 10: Excellent Assets

    EXCELLENT ASSETS  NGE possesses one of the last available highly prospective, onshore, non- aligned acreage positions in SE Asia  Six onshore licences, 13 million net acres (52,000 km2), 50-100% interest  1 Billion bbls oil and 15 TCF of gas discovered in adjacent licences  Farm in agreements wi

  11. Slide 11: Prospects

    PROSPECTS Prospective Resource PPL 6 Prospects Mean MMBOE 266 Lake Murray West 199 269 Tarim - Alene Oil and Deep Gas Case, OR 66 - Alene Gas and Deep Gas Case 41 269 Sepalosiphon (65% within PPL269) 46 269 Thelasis 44 269 Thelymitra 49 269 Ridlegella 50 TOTAL 429-454

  12. Slide 12: Top 10 Leads

    TOP 10 LEADS Prospective Resource PPL 10 Top Leads Mean MMBOE 266 Aiambak 184 269 Amdi 466 269 Burnet 174 268 E l hi Eulophia 474 269 Gu River 80 269 Muir 141 267 Paradise 62 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1790

  13. Slide 13: Port of Kiunga on the Fly River

    PORT OF KIUNGA ON THE FLY RIVER

  14. Slide 14: Capital Structure at August 2010

    CAPITAL STRUCTURE at 2 AUGUST 2010 ASX Code: NGE Trading Statistics No of Shares Listed: 681,093,988 This Month Last $0.11 Market Cap: A$89 million at $0.13 High $0.13 Low $0.99 Options: Highest Daily 7,500,000 exercisable @ $0.275 before 28 August 2011 Volume (10/08/10) 4,657,287 12,000,000 exercis

  15. Slide 15: Current Position

    CURRENT POSITION  A$21M in cash reserves at 2 August 2010  Market cap increased significantly since early 2009 to A$153M (as at 11 June)  Share price range of $0.026 $0 026 in February 2009 to $0.295 $0 295 in September 2009  A$35M spent on infrastructure and exploration  Two major joint ventur

  16. Slide 16: Analysts' Views

    ANALYSTS’ VIEWS Target Share Firm Date of Research Price Recommendation State One 4 November 2009 A$0.47 SPECULATIVE Stockbroking Ltd BUY Bell Potter Securities 4 November 2009 - - Ltd BSP Capital Ltd 3 February 2010 K0.45 STRONG BUY Martin Place 5 February 2010 A$0.50 - S Securities iti Ltd RBS Mor

  17. Slide 17: Corporate Directory

    CORPORATE DIRECTORY Directors Michael Arnett - Executive Chairman Archipelago Resources PLC, NRW Holdings Limited, Nexus Energy Limited, Queensland Energy Resources Limited. Sir Michael Bromley - Non-Executive Director Heli Niugini Limited, Chemica Limited, Steamship Trading Company Ltd and Maps Tun

  18. Slide 18: PNG Licences

    new guinea energy td PNG LICENCES = SEEST PAPUA. | PAPUA NEW GUINEA www.ngenergy.com.au

  19. Slide 19: PPL 269 Prospects and Leads

    PPL 269 PROSPECTS AND LEADS  5 prospects mapped and 34 leads identified  Major discoveries on trend  Oil potential in west and wet gas potential throughout  Stanley Gas Development may extend into PPL 269  Seismic in 2010 and well to follow  Commercial farmout terms with Talisman Energy Inc fi

  20. Slide 20: Terms of Farm In for PPL 269

    TERMS OF FARM IN FOR PPL 269  Reimbursement of 75% of past sunk costs of A$6.24 million. Conduct a seismic program to the value of US$6 million and pay 100% of agreed costs of one well up to a maximum cost of US$15 million to earn a 50% interest. interest  NGE has the option to assign up to a furt

  21. Slide 21: PPL 268 Leads

    PPL 268 LEADS  Sparse seismic control  Southern margin of Cecilia Trough gas kitchen  Reservoir potential upgraded by recent Puk Puk-1 and Douglas-1 gas discoveries on trend  Planned a ed se seismic s c program in 2010 and well to follow  Commercial farmout terms with Talisman Energy Inc finali

  22. Slide 22: Terms of Farm In for PPL 268

    TERMS OF FARM IN FOR PPL 268  Reimbursement of 50% of past sunk costs of A$2.48 million.  Conduct seismic program to the value US$5 million to earn a 15% interest.  Talisman has the option to drill a well to a maximum cost of US$15 million to earn a further 35% interest.  Talisman has the option

  23. Slide 23: PPL 267 Location Map

    PPL 267 LOCATION MAP  100km trend of oil seeps identified  Panakawa Prospect, surface seep flowing at 5 bbls/day  35 API oil from seep identifies new oil p play y in foreland  2008 seismic acquired over Panakawa Prospect confirmed a drilling target for 2010  Well spudded in June 2010 and d was

  24. Slide 24: PPL 267 Panakawa Prospect Area

    Panakawa-1 Alene Mbr PPL 267 PANAKAWA PROSPECT AREA Toro Fm Imburu Fm Preliminary petrophysical analysis of the Panakawa-1 Alene Member and Toro Formation reservoir intervals. Note thick sandstones developed in the Alene Member (reservoir quality increases to left on ‘Lithology’ column) and red circ

  25. Slide 25: Panakawa-1 Results

    PANAKAWA-1 RESULTS Panakawa-1 status: well to be plugged and abandoned. The overall cause of failure of the Panakawa Prospect is the lack of trap integrity due to apparent fault leakage. Positive outcomes include: 1) the confirmation of thick, high quality reservoir sandstones - Alene Member sandsto

  26. Slide 26: PPL 265 Leads

    PPL 265 LEADS  8 leads identified  Foreland gas and oil play in Morehead Graben  Gas shows in Mata-1  2009 aerogravity and magnetics survey delineates likely source areas  2010 seismic program to firm up drilling target for 2011

  27. Slide 27: PPL 266 Prospects and Leads

    PPL 266 PROSPECTS AND LEADS  1 drillable prospect  16 leads defined by seismic  Northeast corner of block high graded due to recent gas discoveries on trend  P Previous i wells ll drilled d ill d by b Conoco C intersected hydrocarbons, second down-dip well intersected te sected 30m 30 ofo water-

  28. Slide 28: PPL 277 Leads

    PPL 277 LEADS  13 leads identified  Oil and gas condensate potential  Test distal Toro reservoir  2008 fieldwork identified new seeps at SE Wage Lead  E Excellent ll t access in i central area along Kutubu Road

  29. Slide 29: Strategy for Appraisal, Development & Exploration

    STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION  Finalise work program and budget arrangements with Talisman Energy Inc on farmout of PPL 268 and PPL 269.  Having drilled the Panakawa Prospect in PPL 267, use data to initiate new seismic program to confirm second drilling target.  Continuing pr

  30. Slide 30: Strategy for Appraisal, Development & Exploration

    STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION  Focus own field operations on moderate risk / high reward petroleum prospects close to transport and export infrastructure in western PNG.  Minimise total drilling costs by drilling locations supported by road and river access and enter into joint

  31. Slide 31: Summary

    SUMMARY New Guinea Energy has over 52,000 sq kms of oil and gas acreage. PNG is ideally positioned to offer large company partners highly attractive opportunities for diversification and expansion in the booming, yet energy deficient Asia-Pacific. For more information, speak to New Guinea Energy dir

  32. Slide 32: Contact Us

    CONTACT US Sydney Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Level 22, Gold Fields House PO Box 592 1 Alfred Street Port Moresby Sydney y y NSW 2000 National Capital p District,, PNG T: +61 (0) 2 9250 1800 F: +61 (0) 2 9250 1838 T: +675 321 1785 W: www.ngenergy.com.au F: +675 321 1782

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