Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2005)
47 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 29, 2005
Slide 1: Strictly Private and Confidential
Strictly Private and Confidential Web Page: www.pancen.com.au
Slide 2: Morocco / Malta
MOROCCO MALTA
Slide 3: Pancontinental 6 month Share Performance
Pancontinental 6 month Share Performance AIS es ee i a res ale ca oe ie 2 5 | 307] ate eet a il : u : : : ; ii 4
Slide 4: Corporate Objectives Statement
Corporate Objectives Statement. maximum value for shareholders by To grow the Company and provi gas exploration and production participating in profitable oil projects by :- * Participating in explorat close to new or existing markets for oil and gas. « Managing risk and farmouts, e.g.:- ommitments
Slide 5: International and Australasian Projects Summary
International and Australasian Projects Summary PERMIT Operator Squate kms} Acres} Equity (%) Net sq kms| Net Acre! Intemational i _ i : : ae Malta Area 5; Area 4, Block 3 Parco inental Oil & Gas NL : 10,330. “2550, 8,2 049, 076 Kenya:-PSC’s L6, LB & L9 Panconlinental Oil & Gas NL 15,940.00 3,936,86
Slide 6: Project Technical Overview
Project Technical Overview
Slide 7: Morocco / Malta
MOROCCO. MALTA
Slide 8: Pancontinental's International Project Strategy
Pancontinental’s International Project Strategy « Expose Pancontinental t class billion barrel an and gas discoveries Australasia. “Company making” world a cubic feet (TCF) size oil ot available in ure spread over a ical provinces that « Pancontinental Int number of countrie meet the selecti ior Aus
Slide 9: During 2005 PCL increased its equity by 150% in all International projects
During 2005 PCL increased its equity by 150% in all International projects: » PCL Shareholders a interests of Afrex Lit = This gives the Cor International projects. = Allows the Com direct projects. cquisition of all the
Slide 10: Pancontinental's International Project Strategy
Pancontinental’s International Project Strategy Have to meet “the 3-G’s = Good Government and Te favorable countries GF gas fields. = Good Markets -- hai demand for oil o infrastructure —. rong local or regional i or planned
Slide 11: Pancontinental International Permits Compared to NW Shelf
PANCONTINENTAL INTERNATIONAL PERMITS COMPARED TO NW SHELF AN Ph] a yO Port Hedland goon ALAIN Dh OWE heed GM Gis Finis cpap r$
Slide 12: Morocco Offshore
Mordcco OFFSHORE ALTA pee As, su aN
Slide 13: Malta Blocks
i” Veggrrks: vent RAO 3 ‘gauge: Oise MY eesti MEOTTERRANEAN bi SEA: oven ose s i Helly Ceteeoel Lompedasa” Lidia Seide wast) ae at AREA 4 a8 DOR jeLock'3 Kerkennah” iy nena We MO Bu aaa 32° OOM Giatmed by kibys me aimed fy Tuntehs soommnccmm: OY Pirelli ans Gi, Pigsetine a . Biel with OL & bas Shows
Slide 14: Oil Search Libyan Block - Awarded 2005
Oil Search Libyan Block - Awarded 2005 HRT Aa ee ci Hein (C77) ost imterist in toonee We Ov tier Gon tient vs GG pipistine
Slide 15: Algeria and Tunisia
ALGERIA AND TUNISIA Millsuntuia Energy Actas Betraléum Beoaiensit ALGERIA AND TUNISIA Plats 39 = ‘ae Hesetond LempamiLi, Liae 8
Slide 16: New Leads & 2004 Seismic Survey
NEW LEADS & 2004 SEISMIC SURVEY 38". 00h, CHIANTI Lalla Saida West ry LIMONCELLO “ee & meneame: Comeleted 2004 Seismic Survey - 257k uw Line of Seismic Section (below) Prospects & Leads Well with Oil & Gas Shows Plugged & Abancdonded Well 13" OE od 14° OE LOG
Slide 17: Malta Regional Seismic Line with Interpretation
MALTA REGIONAL SEISMIC LEME WITH INTERPRETATION a | oe oo a ‘ais wae MB ste mon GB cw eas Tan Soma moet re en a on i 8 Se i Sucre eee RR en eset aie ce nett CHIANTI PROSPECT DIP SEISMIC LINE a
Slide 18: Risk - Reward Profile
Risk - Reward Profile Decreasing Risk 4000 1500 Unrisked Mean OP (MMBBL) 2000 2500 3000
Slide 19: Malta Project Summary
Malta Project Summary » Malta project meets all 3-Gs » Commonwealth Country -- CHOGM Meetings there this week Interpretation of né having size to contai lata confirmed prospects ivand gas reserves. # Anadarko (market ca # Acquire 1400 kms ic to define drill locations. ® Elect to drill and 65% -- PCL
Slide 20: Morocco / Malta
MOROCCO MALTA
Slide 21: “er niga
“er niga dhs, 8 Beeps. OG Pipedine: Oi Pipeline (under construction} wom Gos Pipsline mkileis Ababa: ~ ol Monatsh. Me Matrobt MOZAMBIODE TNOTAN- OLEAN SOW
Slide 22: Kenya L6, L8 & L9 permits
Kenya L6, L8 &L9 permits. 4 gil sy Weodsidaianaiciobal Ste EPiategat” oe eon “a Pancontinental Oil & Gas and Afrex Kenya Coastal Permits
Slide 23: Regional Seismic Line A-A'
REGIONAL SEISMIC LINE A~A’ Sie MRRIBADE REND PLAY TYPES GE Wesene ae & Foeane Palace Sit Born Bests & piel Fn Hawsureinlan S08 (Rela abies) over Coveney Bit [Barane Sac TE) pes Jorsuste bivakuy/aalt (nduced fants * ON phase Eos Bind) FRE Miosts chemese fpeompontes) ee
Slide 24: Mbawa Lead
MBAWA LEAD MBAWA LEAD _ a 2009 1800 ; 1600 . 1409 209 LL LOCATION MAP _| 1000 1500 2000 WT Ensex} 4000 Mid Paleocene Early Miocene Mombanrs Be
Slide 25: Prospects & Leads L-6, L-8 & L-9
__ PROSPECTS & LEADS L-6, L-8 & L-9 GQ Wiocene Leads GED tocene Leads
Slide 26: Agee CHUMY “+ SUNGURA~
Agee CHUMY “+ SUNGURA~ AO SRURUEAST + yy oo
Slide 27: Kenya Project Overview; PCL (100% post merger)
Kenya project Overview; PCL (100% post merger) Pancontinental now holds 1/3 of Kenya offshore acreage in shallow to moderate water depths (less than 1,000m). Detailed work during 2008 ional seismic coverage has ranked prospective area : ks. Eocene and Mioce western areas enhanced by new “AVO” and ry
Slide 28: Kenya Project Summary
Kenya Project Summary # Highly favourable Productio j government incentives. # Westminster based G t, secure tenure. # Prospectivity of multipl al pairs, excellent source rock and kitchen poten barrel and TCF size phic levels. « Import dependent lo¢ irkets for oil and gas. ® Port of Mombas ry.and at
Slide 29: Morocco / Malta
MOROCCO. MALTA
Slide 30: 49.00, sarM
~ 35° 300 49.00, sarM Saidia=
Slide 31: Morocco Mediterranee Est Block
Merocco Mediterranee Est Block. and PSC issues successfully All Reconnaissance License (| ment. negotiated and agreed wit : Awaiting issue of RL by by our technical nce data released by ‘eparation for year 1 1000 km seismic program
Slide 32: Project Technical Overview
Project Technical Overview
Slide 33: Petral Motonui Synthetic Fuel Plant
17? OE Patral Motonui Synthetic Methonol Plant Fuel plant ao mata Tank Farr _NEW PLYMOUTH _, — Pipelines & oi Fieia 4 Gas Field p Prospects ERTIES,
Slide 34: PEP 38716
PEP 38716 PROSPECTS, _LEADS & INFRASTRUCTURE HOT m a 4 : / papned @ : Waihapa Gas & Oil.) Pracessitg Plant. | WREHAPAy- HOAERE Kagunt Gas. ~ Preateve nt: Plant RIMS KAURL OIL & GAS FIELD 00 Prospect ‘fia OF Piet ER Gas. Field Gas Pipetine smo SL Pigweeliove
Slide 35: New Zealand
New Zealand PEP 38716 - Taranaki Basin N. Island (9.41 %) * Onshore permit of 271 km? in established oil and gas area. ral Mt Messenger Sandstone prospects. mber 2005; P&A’d failed to = 2004 seismic program ¢ drilling targets at Oru » Oru-1 drilled to 170 find quality reservoirs... 2 Contingent Puke
Slide 36: Project Technical Overview
Project Technical Overview
Slide 37: EP & EP
EP 110 & EP 424 BT? 30'S. “ vd Cane River Locker 10 ; JAP loparne | > Prospect WM O51 Field | Gas Fioia OF Gas shaw eee ene “> Dry well os ne J
Slide 38: Baniyas Prospect
BANIYAS PROSPECT TWT {sec} o.200 @.500 BA00 500 0.600 o.700 o.B00 900 Log 1.100 1-200 BASE CRETACEOUS =) fe
Slide 39: Australia
Australia EP 110 & EP 424- Carnarvon Basin. (PCL-25%) « Adjacent to numerous oil # Prospect identified: * Bantyas prospect EP 424. * Baniyas very similar.to neighbouring commercial fields. » Joint Venture has acc -Di Texaco in Nov 2005 | in conjunction with Chevron imum drilling location. Possible m
Slide 40: WA-340-P
—Was40P Of we Sw g A > Stricklarid-t-O> ~ SHERLOCK ; WANGEE NORTH A wr \ i [WANGEE EAST | / == GIDLEY b.208-45'5 STAG BOUGNER WANGEE =, PEAWAH 0. tok en ee @ Prospect WP OF Field & Gas Field
Slide 41: Sherlock Prospect - Dip Seismic Line
SHERLOCK PROSPECT - DIP SEISMIC LINE TWT (see} 8.000 13, HD eet) G60 0.286 T.bG0 1.200 2.406 T6oh T.8et 2.000 3.206
Slide 42: Australia
Australia WA-340-P ( PCL 20%) Offshore Barrow-Dampier Basin, North West Shelf # Many prospects and lead existing seismic data. M stratigraphic level as th « Wandoo Oil Field, curre situated less than 1 Stag Oil Field, curr 11 kilometres to we d by the joint venture from define drilling locations in
Slide 43: EP104 Stokes Bay and Valentine Prospect
i rae EP104 aa Krag aun 4 a STOKES BAY~1 Zxplarstion Area Pt. Torment Gag Field Setention Lease Application for Production Licence Prospect GFL Fetal Gas Field Fault Syneline Shale Sand J Limestone Mart . oes PROPOSED STOKES BAY-1 Bapth im} iSTOKES BAY tential Recoverable |. [feces 80 BC VALENTINE P
Slide 44: Australia
Australia EP 104 - Canning Basin. ( PCL-8% in Expin area, 10% in Production areas) Undeveloped Port Tormentgasield - Granted “Retention Lease” — tenure secure. « West Kora - tested 40 be - under application for Production License. : « Prospects identified: ® Point Torment G reserves. # Valentine Pro
Slide 45: Proposed/Possible 2006 Exploration Program
Proposed /Possible 2006 Exploration Program International. ® Kenya. « Complete farmout, range of potential d detailed 2-D seismic to define by farminee. & Malta. * 1300 km detaile gram 2006 = Possible drillin adarko. » Morocco. *« Following granti « Acquire 500 kms 2-
Slide 46: Proposed/Possible 2006 Exploration Program
Proposed /Possible 2006,Exploration Program Australasia. EP 110 & EP 424 — Offshore « Interpret detailed s « Possible 2006 e» arvon Basin (PCL 25%) » . EP 340- Offshore Carnarvon Ba « Interpret detailed seismic « Possible 2006 explorati (PCL 20%) » EP 104 — Onshore Canning Basin (PCL 8%) « Possible
Slide 47: Thank you for your attention
Thank yo ir attention. Web Page: www.pancon.com.au
Pancontinental Energy NL — Shareholder Meeting (November 2005) on 6ix