NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Oilbarrel Conference (March 2010)
31 slides from NGE Capital's conference presentation, Mar 11, 2010
Slide 1: Presentation to Oilbarrel Conference
For personal use only PRESENTATION TO OILBARREL CONFERENCE – THE BREWERY, CHISWELL ST, LONDON OCTOBER 2009 11 MARCH 2010 1
Slide 2: Important Notice
For personal use only 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
Slide 3: PNG General Overview
For personal use only 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’
Slide 4: Capital Structure at March 2010
For personal use only CAPITAL STRUCTURE at 1 March 2010 ASX Code: NGE No of Shares: 666,093,988 Market Cap: A$116.5 million at $0.175 Options: 7,500,000 exercisable @ $0.275 before 28 August 2011 12,000,000 exercisable @ $0.30 before 1 March 2012 2,000,000 exercisable @ $0.25 before 28 December 2012
Slide 5: Overview of Players
For personal use only OVERVIEW OF PLAYERS PNG Oil & Gas Value Curve (at current oil price) Market Capitalisation $5bn $1bn $200m $100m Prospects Discoveries Production Profits Superior profits & reserves 5
Slide 6: Overview of Players
For personal use only OVERVIEW OF PLAYERS 6
Slide 7: Overview of Region
For personal use only OVERVIEW OF REGION April 2009 – Oil Search (OSL) farmed into Eaglewood Energy’s PPL 260 including approximately 55km of seismic. May 2009 – Papua Petroleum Ltd farmed out to Sasol to fund four wells and 100km of 2D seismic in PPL 235. – Horizon Oil farmed out 50% of PRL 4 and 2
Slide 8: Mapped Overview of Region
new guinea MAPPED OVERVIEW OF REGION poet " oe Horizon tests Stanley-1 gas - and condensate well <= _ MOUto update da Petrochemical study Rift Oil Douglas-1 and . 7“ 3 ; Puk Puk-1 gas discoveries : AUN ae wh Oe bien Ie ti! , iad PPL 20.9) (Rt i aR rt ae W; MER 277 Uy ~ PPL 268 ¢aie. SS ela) / 4 : t
Slide 9: For personal use only
Wiad Powe ine uve \6fomip a, i aos Exon Eo me Kopi SiG Engy Conti te < 0 Ramu Mining Lease ee ae A four nm P29 ey int Hage Eagemed Ey Ee re 4 os suk [omen \ A \ ‘dette ¢ = 1 : antu “ “ 219 - fee jae ie Com PPLE a q maa on i “ ca ae yoad, gas pipeline“ —_ power corridors B ns a, Wafi Mine ow rot PPL
Slide 10: For personal use only
Ai JFemairovion Ig am Dam 2 op ae i Eaglewood Energy: 02 i os me lt 2 ra Kawatangwa > Torres Strait 140°E PPL 281 Jane cine 4 Bismarck Sea fa) Madang prize (S) Sign Em ha 1 ieee . J ‘sus! vine Ramu Mining Lease ston y fount Hagen ‘ S ws PPL: F tne haldget a K ¥ 219 (orwen oh bisa = ae Peuzsr Sue fas
Slide 11: For personal use only
H J proposes Powerline Ai vse cam MSE 4 rae ter Eeranen mize om Sica Emo or Poraet < ~e sus? rar Ramu Mining Lease sem ‘Lt fount Hagen sn Este = : _— ea LN Lee Se ket sa S " 219 (orwen ode i i ee - veuasr = ae aa g d, gas pipeline _ yridors Eat. Ae), ow jet PPL 190] boosts = cae roe ee he! a Ch ers
Slide 12: For personal use only
Ai Pond Poe ie 148 — oe 4 Bismarck Sea : o4Ne a Pn, . Per as i Madang amr ee ue) 288 (S) Kopi , Sica Emy eohsa Pera Fs © WESTERN HIGHLANDS wy, pans swsQ gb —— Foveiine Ramu Mining Lease sss? | PPL 259 Le >. i fount Hagen ageod Eon \ ~ 4S Sa os Goroka = rl ae aoe (ome e 29 a grass a sScRETERTES | bag
Slide 13: Excellent Assets
For personal use only EXCELLENT ASSETS NGE possesses one of the last available highly prospective, onshore, non-aligned acreage positions in SEA Six onshore licences, 13 million net acres (52,000 km2) , 100% interest 1 Billion bbls oil and 15 TCF of gas discovered in adjacent licences Farm in agreem
Slide 14: Prospects
For personal use only PROSPECTS Prospective Resource PPL 7 Prospects Pmean MMBOE 266 Lake Murray West 199 267 Panakawa 187 269 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
Slide 15: Leads
For personal use only LEADS Prospective Resource PPL 10 Top Leads Pmean MMBOE 266 Aiambak 184 269 Amdi 466 269 Burnet 174 268 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 15
Slide 16: 2010 Work Program Objectives
For personal use only 2010 WORK PROGRAM OBJECTIVES 2010 Program Commitments 1 well in PPL 267 1 well in PPL 268 1 well in PPL 269 Up to 6 seismic programs in PPLs 265, 266, 267, 268, 269 and 277 G&G work all licences 16
Slide 17: Current Position
For personal use only CURRENT POSITION AUD$21M in cash reserves at 1 January 2010 Market cap increased significantly since early 2009 to AUD$116.5m (at $0.175) Share price range of $0.026 in February 2009 to $0.295 in September 2009 AUD$24M spent on infrastructure and exploration Two major joint ven
Slide 18: Corporate Directory
For personal use only CORPORATE DIRECTORY Directors Michael Arnett Executive Chairman Archipelago Resources PLC, NRW Holdings Limited, Nexus Energy Limited, Anzon Energy Limited (Past), Anzon Australia Ltd (Past). Sir Michael Bromley Non-Executive Director Heli Niugini Limited, Chemica Limited, Stea
Slide 19: PNG Licences
For personal use only PNG LICENCES 19
Slide 20: PPL Prospects and Leads
For personal use only 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 in 2010 Commercial farmout terms with Talisman Energ
Slide 21: Terms of Farm In for PPL
For personal use only 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. NGE has the option to assign up
Slide 22: PPL Leads
For personal use only 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 seismic program to detail structure 2010, well in 2010 Commercial farmout terms with Talisman Energ
Slide 23: Terms of Farm In for PPL
For personal use only 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
Slide 24: PPL Location Map
For personal use only 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 play in Panakawa foreland Prospect 2008 seismic acquired and seep over Panakawa Prospect confirmed a drilling target for 2010 R
Slide 25: PPL Leads
For personal use only 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 drilling target for 2011 25
Slide 26: PPL Prospects and Leads
For personal use only 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 Previous wells drilled by Conoco intersected hydrocarbons in top zone & in second down dip well intersected 30m of water sat
Slide 27: PPL Leads
For personal use only PPL 277 LEADS 13 leads identified Oil and gas condensate potential Test distal Toro reservoir 2008 fieldwork identified new seeps at SE Wage Lead Excellent access in central area along Kutubu Road 27
Slide 28: Strategy for Appraisal, Development & Exploration
STRATEGY FOR APPRAISAL, DEVELOPMENT For personal use only & EXPLORATION Finalise work program and budget arrangements with Talisman Energy Inc on farmout of PPL 268 and PPL 269. Continue to seek joint venture partners in the Company’s other 100% licence interests to expand the planned drilling and s
Slide 29: Strategy for Appraisal, Development & Exploration
STRATEGY FOR APPRAISAL, DEVELOPMENT For personal use only & 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 an
Slide 30: Summary
For personal use only 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
Slide 31: Contact Us
For personal use only 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 NSW 2000 National Capital District, PNG T: +61 (0) 2 9250 1800 F: +61 (0) 2 9250 1838 T: +675 321 1785 W: www.ngenergy.com.au F:
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