Central Petroleum Limited · ASX:CTP
Central Petroleum — Investor Presentation (February 2019)
20 slides from Central Petroleum's investor presentation, Feb 13, 2019
Slide 1: Latest Company Presentation - Amended
ANNOUNCEMENT AND ASX ASX CODE: CTP MEDIA RELEASE 13 February 2019 For personal use only Latest Company Presentation - Amended Central Petroleum Limited (ASX:CTP) (“Company”) has amended the Latest Company Presentation released today to include a footnote to the Reserves table on page 2 of the presen
Slide 2: Investor Presentation: Sales performance post Northern Gas Pipeline
For personal use only Investor Presentation Sales performance post Northern Gas Pipeline Central Petroleum Limited (ASX: CTP)
Slide 3: Company snapshot
For personal use only Company snapshot ▪ ASX Listed (CTP) – closing 12 February 2019 share price 13.5 cents and a market capitalisation around $95 million ▪ Focus on onshore gas Exploration & Production (E&P) in central and eastern Australia ▪ Current reserves1 Reserves* Unit 1P 2P 3P * Net to Centr
Slide 4: Growth activated
For personal use only Growth activated CENTRAL PETROLEUM LIMITED (ASX: CTP) 3
Slide 5: Northern Gas Pipeline (NGP) – game changer
For personal use only Northern Gas Pipeline (NGP) – game changer ▪ Our NT assets are now connected to the east coast market ▪ Our gas-prone assets are now unconstrained by market ▪ There is further scope to grow through the NGP with possible ~60TJ/d capacity increase with compression CENTRAL PETROLE
Slide 6: GAP completed to maximize east coast gas sales
For personal use only GAP completed to maximize east coast gas sales Gas actual sales / Forecast plant firm capacity (TJpa) ▪ Brownfield facility projects 16,000 materially reduce CapEx and Acquired Palm Acquired 50% NGP planned 14,000 Valley and Dingo of Mereenie commencement OpEx per unit of produ
Slide 7: Gas sales ramp-up activated
For personal use only Gas sales ramp-up activated ▪ Production and sales step Central share gas sales volume growth (TJ per month) change now visible at 1,200 Mereenie and Palm Valley NGP commencement 1,000 3 January 2019 ▪ January gas sales in line with forecast - 90% of sales 800 Includes pipeline
Slide 8: Basis for further growth
For personal use only Basis for further growth CENTRAL PETROLEUM LIMITED (ASX: CTP) 7
Slide 9: Asset portfolio has never been stronger
For personal use only Asset portfolio has never been stronger Exploration portfolio Queensland CSG NT operating assets • Mostly gas prone and • Targeting 150-180PJ Mereenie (50%) significantly (100% of JV) • 22TJ/d firm gas underexplored potentially recoverable production capacity • No longer gas ma
Slide 10: Exploration – multi TCF Dukas Prospect
For personal use only Exploration – multi TCF Dukas Prospect ▪ Santos completed seismic works for the ▪ The Dukas Prospect could contain Southern Amadeus Stage 2 farmout multiple Trillion Cubic Feet of gas. Two (1,337 line km in EP82, EP112 and EP125) other wells in the Southern Amadeus Basin (Mt Ki
Slide 11: Queensland Surat basin CSG acreage
For personal use only Queensland Surat basin CSG acreage ▪ 77km2 CSG acreage for Australian domestic gas supply, in the north-eastern Walloon Fairway, surrounded by acreage held by Shell, Arrow and APLNG ▪ Targeting 150-180 PJ potentially recoverable ▪ Four year programme, comprising exploration wel
Slide 12: Growth Strategy
For personal use only Growth Strategy CENTRAL PETROLEUM LIMITED (ASX: CTP) 11
Slide 13: Growth platforms
For personal use only Growth platforms Exploration Asset acquisitions Value add projects CENTRAL PETROLEUM LIMITED (ASX: CTP) 12
Slide 14: Reinvigorate exploration to drive shareholder value
For personal use only Reinvigorate exploration to drive shareholder value ▪ Exploration acreage is an opportunity for significant share price growth following commencement of the NGP ▪ We are now working to unlock this potential and communicate to the market ▪ Three key actions currently being progr
Slide 15: Asset Acquisition strategy (E&P assets)
For personal use only Asset Acquisition strategy (E&P assets) ▪ Ideally positioned for future permit releases and new E&P asset transactions: ✓ Australian small cap not conflicted by LNG ✓ new east coast competitor ✓ proven ability to explore and develop ✓ track record as a safe and responsible oper
Slide 16: Value add projects
For personal use only Value add projects Opportunities for value add projects ✓ Optimisation: expand existing reserves, brownfield economics, operating efficiencies and debottlenecking etc. ✓ LPG production to access local high-margin LPG market ✓ local oil refining to increase margins on oil and co
Slide 17: Near-term share price growth catalysts
For personal use only Near-term share price growth catalysts CY 2019 Catalyst Q1 Q2 Q3 Q4 ✓ GAP completed ✓ Commencement of NGP (sales consistent with forecast) ✓ New contracts for 2020+ gas supply ✓ PV13 tie-in and production testing ✓ Santos plans to drill Dukas in EP112 ✓ Progress high value expl
Slide 18: Other key strategies
For personal use only Other key strategies ▪ Ensure shares are fully valued by the market: 1. Initiate analyst coverage 2. Focus on shareholder communication ▪ Reduce current level of debt by $22 million (23% reduction) using CY2019 free cash flow ▪ Refinance current debt facility with senior debt (
Slide 19: Notice and Legal Disclaimer
For personal use only Notice and Legal Disclaimer To the maximum extent permitted by law: 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 affairs of Central Petroleum Ltd
Slide 20: Contact and Further Information
For personal use only Level 7, 369 Ann Street Brisbane QLD 4000 Australia +61 (0)7 3181 3800 Contact and Further Information Investor and media enquiries: info@centralpetroleum.com.au Helen McCrombie at Citadel-MAGNUS T: +61 (0)2 8234 0103 M: +61 (0)411 756 248 www.centralpetroleum.com.au CENTRAL PE
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