Central Petroleum Limited · ASX:CTP
Central Petroleum — Investor Presentation (September 2014)
31 slides from Central Petroleum's investor presentation, Sep 11, 2014
Slide 1: Central Targets Pipeline
For personal use only CENTRAL TARGETS PIPELINE 11 - 18 September 2014 (ASX:CTP) 0
Slide 2: Disclaimer
Disclaimer 1.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 For personal use only affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc
Slide 3: Activity update
Activity update For personal use only Integrate new gravity data. Progress permit award process with CLC Interpreting seismic data; 327 km 2D acquired, plus Producing gas 573 km reprocessing at Palm Valley Building Dingo Producing oil at Surprise pipeline and facility Drilling Whiteley 1 & Gaudi 1 t
Slide 4: Overview
Overview Australia’s domestic gas market facing supply shortfall in next 5 years For personal use only Golden opportunity for Northern Territory (NT) to be a ‘key’ supplier of domestic east coast markets • Comparable to QLD’s gas exploration boom displacing the PNG pipeline Aggregated gas supp
Slide 5: Central's Strategic Plan
Central’s Strategic Plan For personal use only Short Term Develop resources, production capability, infrastructure and cash flow Purchase of Dingo and Palm Valley - Done Reacquire Ooraminna - Done 100% owned fields have exploration opportunities to triple available gas Target 200 PJ of explo
Slide 6: Pivotal Location Could Re-Rate Central Assets
Pivotal Location Could Re-Rate Central Assets Existing gas pipelines available for NT Market For personal use only Pipeline route options • Major users Territory Generation / mining and industrial • Darwin LNG (operating), Ichthys LNG (2016) Pipelines being considered to connect NT with East Coast •
Slide 7: Building on solid foundations
Building on solid foundations For personal use only Oil and gas in production Palm Valley Gas and Surprise Oil Field in production Year 1 revenue >$12M Dingo Gas Field on target for production commencing in H1 2015 Operating footprint and key infrastructure established in heart of Centrals explo
Slide 8: Near Term Exploration
Near Term Exploration For personal use only Within / adjacent Central infrastructure Poised for market opportunity Meaningful targets Palm Valley Central – production licence Central – retention licence PV West Ooraminna Central – Santos JV area Dingo Central application area Reservoir \ Field
Slide 9: Palm Valley overview
Palm Valley overview For personal use only History Description and upside • Discovered 1965 • Area >200 km2 • Lease OL 3 granted 1982 • Gross hydrocarbon column up to 670 m • Gas delivered to Alice Springs from 1983, • Production primarily from natural fractures to Darwin from 1986 to 2012 • Large v
Slide 10: Palm Valley Deep – large potential
Palm Valley Deep – large potential For personal use only Opportunity South North Attractive volume estimates, indicative 5x remaining reserves Arumbera A1 Sst - primary target Natural fracture development required Attractive target beneath producing gas field, plant, export pipeline Repr
Slide 11: Palm Valley West – exploration
Palm Valley West – exploration For personal use only Opportunity Additional data have upgraded the structural target Pacoota Sst – primary target Arumbera Sst – secondary target Natural fracture development similar to Palm Valley is required Adjacent to producing gas field, plant, export p
Slide 12: Ooraminna Field – close to Dingo pipeline
Ooraminna Field – close to Dingo pipeline For personal use only Ooraminna 2, drilled 2010 Pioneer Sst • Flowed gas up to 0.15 MMcfd 393 km2 • High angle fractures Arumbera Sst 181 km2 • Gas flares observed whilst 38 km2 drilling from 470 mKB in A1 member (Dingo Field) Ooraminna opportunity • Large f
Slide 13: Maturing leads in proximity of the Dingo Gas Field
Maturing leads in proximity of the Dingo Gas Field For personal use only Leads: Orange-2: Arumbera Sst flowed 0.4 MMcfd, 50% N2, 20% CO2 • Dingo North Ooraminna-2: Pioneer Sst flowed 0.15 MMcfd • Dingo NW on-trend with Dingo Orange Gas Field Ooraminna Gas Field • Seismic recommended • Charge model r
Slide 14: Surprise Oil Field
Surprise Oil Field Surprise-1RE-HST1 For personal use only Status • Production commenced 1st April Surprise East-1 • Oil trucked to Port Bonython (proposed) • 180 BOPD Objectives • Develop eastern closure • Increase recovery efficiency • Technical evaluation; • Optimised well design for Surprise Eas
Slide 15: EP and PL – targeting oil
EP 115 and PL 6 – targeting oil For personal use only Surprise Oil Field Johnstone West 1 TWT, Paccota Sst Mt Winter 1 Surprise Oil Field proves 0 km 50 Effective source and maturity of Horn Valley Siltstone (HVS) Seal, reservoir and timing are effective Exploration Strategy Delineate traps al
Slide 16: EP and PL – targeting oil
EP 115 and PL 6 – targeting oil For personal use only Johnstone West 1 0 km 50 Legacy 11km x 11km Existing 4km x 4km Structural definition Detailed gravity survey - complete, now in processing and interpretation Resolves structural trends Basis for seismic acquisition design 15
Slide 17: Strategic objectives
Strategic objectives For personal use only Medium Term Expand gas supply capability by exploring and developing identified opportunities utilising established revenue flow Southern Amadeus Stage 2 with Santos proceeding following Mt Kitty’s confirmation of hydrocarbons being present, with 1300 km
Slide 18: North Mereenie Block - opportunities
North Mereenie Block - opportunities For personal use only Pacoota Sst erosional edge Sub-thrust play Sub-thrust play Fault bound trap Depth ~600–1100 m NW Mereenie-1 Gas blow in Stairway Sst Mereenie Oil and Gas Field Sub-thrust play JV area; Central, Santos eroded 17
Slide 19: Mt Kitty – plugged and suspended
Mt Kitty – plugged and suspended Results Outlook For personal use only Flowed mixed gas at rates up to 500,000 cf/d An oriented sidetrack could be considered to take Confirmed presence of hydrocarbons advantage of the extensive fracturing observed Includes valuable Helium up to 9% Well des
Slide 20: Southern Amadeus – Stage results
Southern Amadeus – Stage 1 results For personal use only Representative Seismic Section showing major play types Cambrian Neoproterozoic Salt Salt Basement Untested Salt- Untested Intra- Untested Sub-Salt cored Anticlines Salt fault blocks Basement Highs 19
Slide 21: Southern Amadeus – up dip Magee
Southern Amadeus – up dip Magee For personal use only Further seismic is required to delineate this updip lead NW Magee-1 SE Giles Ck (Magee updip) Chand Pert Aralka LovesCk Gillen 49% hydrocarbons 6.3% Helium Untested Salt- Untested mounded Untested Sub-Salt cored Anticlines features Basement Hig
Slide 22: Stage seismic program – focus areas
Stage 2 seismic program – focus areas Stage 1 results For personal use only • Multiple play types and leads identified Delineation of • Mt Kitty proves active hydrocarbon kitchen, Arumbera leads and basement Helium play EP 106 Stage 2 program EP(A) 147 • 1300 km 2D seismic to infill Stage 1 and furt
Slide 23: Data gathering requirements for an unconventional play
Specific data gathering requirements when pursuing an unconventional play For personal use only Georgina Basin Regional seismic has been acquired Drilling has commenced after Halliburton 22
Slide 24: Key deliverables to proceed to the appraisal phase
Key deliverables to proceed to the appraisal phase For personal use only Timeline of results from Whiteley 1 and Gaudi 1 During drilling and After completion of Results Results coring phase logging program 1-3 months 3-6 months (Core analysis) No single deliverable can Gas shows conclusively make or
Slide 25: Strategic objective
Strategic objective For personal use only Long Term Development of ‘next generation’ assets The Western Amadeus – create an opportunity pipeline as infrastructure and market dynamics open adjacent areas Detailed Gravity data to define trends prior to seismic Drill conventional targets, collect
Slide 26: EP-115; multiple targets and play types
EP-115; multiple targets and play types For personal use only JV with Santos TWT Structure, Pacoota Opportunity Proven oil charge; Mereenie, Surprise Gamma Ray Sonic, LLD Conventional reservoirs; Stairway Sst, Pacoota Sst. Total Gas Sparse seismic, mapped trends opportunities Resistivity M
Slide 27: EP-115 - HVS unconventional potential
EP-115 - HVS unconventional potential For personal use only JV with Santos TWT Structure, Pacoota Summary Proven source rock, up to 120 m thick Excellent gas shows whilst drilling Regional view – postulated areas of unconventional plays Varying maturity may open different play types in discret
Slide 28: Wiso Basin – conventional and unconventional
Wiso Basin – conventional and unconventional For personal use only Pipeline basement lineaments Oil shows Material growth opportunity • Total area 43,217 km2 • Analogous geology to SGB 15,352 km2 • Oil shows in Cambrian carbonates, stratigraphic wells 7,569 km2 • Potential for conventional and uncon
Slide 29: Areas of Activity
For personal use only 28 Areas of Activity
Slide 30: Summary
Summary For personal use only Central is rapidly advancing the exploration and development of substantial acreage Australia’s domestic gas market supply shortfall creates ‘Golden Opportunity’ for NT to be ‘key’ suppliers Opportunity to aggregate existing gas supplies to underpin NT - East Coas
Slide 31: Contact Details
Contact Details For personal use only Central Petroleum Limited 56-58 Jephson St., Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 30
Central Petroleum — Investor Presentation (September 2014) on 6ix