NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (December 2012)
27 slides from NGE Capital's investor presentation, Dec 4, 2012
Slide 1: December 2012
For personal use only December 2012
Slide 2: Disclaimer
The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of New Guinea Energy Ltd and or its various business activities. While management has taken every effort to ensure the accuracy of the material in the presentation, the pre
Slide 3: Contents
Contents For personal use only 1. Investor Highlights 2. PNG – World Class E&P Destination 3. Capital Structure 4. Senior Management and Board 5. Strategy and Development Plan 6. Licence Overview 7. Licence Details 8. Milestones Achieved/Planned 9. Conclusion 3
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS Attractive Exploration Portfolio – value backed by external transactions For personal use only • 6 onshore licences 37,500km2(9.3M acres), 50-100% interest • Balanced portfolio of both oil and gas prospects with >8,500MMboe unrisked PIIP • Aerogravity, magnetics surveys, and > 60
Slide 5: PNG – World Class E&P Destination
PNG – WORLD CLASS E&P DESTINATION For personal use only Highly Prospective • 25Tcf gas discoveries to date • ExxonMobil consortium: US$19bn PNG LNG under construction • TOTAL, Shell, Mitsubishi, and Pacific Rubiales arrived in last 12 months Pro Development • Global LNG demand growth of 6% p.a. for
Slide 6: PNG Oil & Gas Industry Participants
PNG OIL & GAS INDUSTRY PARTICIPANTS For personal use only Chinese Petroleum Co 6
Slide 7: Overview of PNG Plays
OVERVIEW OF PNG PLAYS For personal use only 4+Tcf 10+Tcf Gas/LNG Reserves discoveries Oil/Condensate 9Tcf NGE Licences Talisman led Exxon led PNG LNG InterOil led 1Tcf 7
Slide 8: Western Province Export Routes
WESTERN PROVINCE EXPORT ROUTES For personal use only 1 Talisman Energy “Western Province Exploration Update” 1 December, 2011. PNG Petroleum Seminar 8
Slide 9: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) 12 Months Market Cap: A$24 million As at 30/11/12 $0.029 Latest Cash Position: A$3.38 million (as at 30 September 2012) High $0.087 Fully funded for 2012 Low $0.027 Highest Dai
Slide 10: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE BOARD For personal use only Michael Arnett - Chairman MANAGEMENT A lawyer with over 20 years’ experience in capital raising and M&A Grant Worner - Chief Executive Officer in the mining, oil and gas sector. A director of NRW Holdings A chemical e
Slide 11: Strategy and Development Plan
STRATEGY AND DEVELOPMENT PLAN Achievements to Date For personal use only • Acquired significant asset base in Papua New Guinea – 6 blocks covering 37,500Km2 (9.3M acres) • De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic • 340km of seismic under NGE Operatorshi
Slide 12: Exploration Portfolio
EXPLORATION PORTFOLIO For personal use only • 6 onshore licences, 37,500km2, 50-100% interest • Balanced portfolio of both oil and gas prospects • > 8500MMboe unrisked PIIPI 1Q 2012 transactions value NGE’s equity in just 3 licences at more than $120m Predominantly Oil Plays Predominantly Gas Plays
Slide 13: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PPL 277 Sale and Royalty to ExxonMobil and Oil Search (subject to Ministerial approval) Seismic acquired in 2012; and Drilling Trapia-1 in neighbouring PRL 11 in 3Q 2012 1 Assuming economic targets are identified from earlier seismic acquisition 13
Slide 14: PPL 277 – Sale and Royalty
PPL 277 – SALE AND ROYALTY For personal use only PPL 277 Context • Licence covering 8,022km2 in the mountainous PNG Highlands parallel to PNG LNG infrastructure • Highly prospective with potentially 10,000Bcf PIIP1 but very expensive, even for PNG standards • Exploration involves high technical and
Slide 15: PPL 277 2012 Activity
PPL 277 2012 ACTIVITY • Seismic acquisition For personal use only • PRL11 Trapia-1 exploration well by ExxonMobil and Oil Search • Gain government approvals for work obligation variation and licence extension 2012 Seismic PNG LNG infrastructure to Kutubu and Port Moresby 15
Slide 16: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PPLPPL 268268 / PPL/ PPL 269269 (Talisman (Talisman Operated) Operated) Seismic Seismic in 2011; in 2011; Seismic Seismic andand reprocessing reprocessing in 2012; in 2012; Mitsubishi Mitsubishi farm-in farm-in in 2012; in 2012; Significant Significant di
Slide 17: PPL 268 Licence Highlights
Highlights PPL 269 LICENCE • 2000MMboe unrisked PIIP1 • 32 prospects and leads April 2012 – potential 650m gas column For personal use only • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 • Siphon-1 Exploration well drilled as technical success but not
Slide 18: PPL 269 Licence Highlights
Highlights PPL 268 LICENCE • 160MMboe unrisked PIIP1 • 5 prospects and leads Aug 2012 – 900Bcf / 54MMbbl For personal use only • Southern margin of Cecilia Trough gas kitchen • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 Regional Activity • PRL21 Ele
Slide 19: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only ‘Macadamia’ circa 36km2 PPL 265 / PPL 266 / PPL 267 (NGE Operated) Seismic in PPL 265 / 266 in 2012; Licence extension approval; ‘Jerai North’ Farm-out; circa 21km2 If needed, further de-risk; Contingent on above, drill in PPL 265 / 266 1 Assuming economi
Slide 20: PPL 266 Licence Highlights
Highlights PPL 266 LICENCE • 360MMboe unrisked PIIP1 • 1 drillable prospect and 6 leads For personal use only • Predominantly a gas play ‘Macadamia’ NGE Activity circa 36km2 • Regional aerogravity data, seismic in 1H12 • Licence extension approval PPL 235 • Looking to Farm-out • Further de-risk if n
Slide 21: PPL 265 Licence Highlights
PPL 265 LICENCE Highlights For personal use only • >2000MMboe unrisked PIIP1 • 13 leads • Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • 94km seismic in 1H12 • Licence extension approval • Looking to Farm-out • Further de-risk if needed, and • Contingent on above, d
Slide 22: PPL 267 Licence Highlights
PPL 267 LICENCE Highlights • 1700MMboe unrisked PIIP1 • 9 leads For personal use only • 35 API oil from seep identifies oil play in foreland • Predominantly an oil play NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June
Slide 23: Drilling Rig
DRILLING RIG For personal use only Drilling Rig Context • Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone • Few suitable, available drilling rigs in the region • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a fit-for-
Slide 24: Investing in the Community
INVESTING IN THE COMMUNITY For personal use only Context • 7 million people • 80% rural population • About 30 rural doctors NGE, QRME, and Hope4Health helping PNG with • Rural health education • Clinical placements • Clinical literature • Teaching literature • Clinical equipment 24
Slide 25: Milestones Achieved / Planned
MILESTONES ACHIEVED / PLANNED For personal use only Update 25
Slide 26: Summary
Summary Well positioned in PNG For personal use only • 37,500km2 of land, surrounded by significant discoveries and Oil and Gas majors Potential Upside • Multiple drill targets and leads • 8500MMboe prospective resources • PPL 277 sale to ExxonMobil and Oil Search provides validation of valuation, f
Slide 27: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS Sydney For personal use only Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401 Level 5 Level 4 Pacific MMI Building 2-10 Loftus St Champion Parade Sydney NSW 2000 Port Moresby PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 (0) 2 9252 0039 F: +67
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