Pancontinental Energy Nl · ASX:PCL

Pancontinental Energy Nl — Investor Presentation (November 2016)

23 slides from Pancontinental Energy Nl's investor presentation, Nov 21, 2016

  1. Slide 1: Investor Presentation November 2016

    Investor Presentation November 2016 For personal use only 1

  2. Slide 2: Disclaimer

    For personal use only Disclaimer These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, redistributed or passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for

  3. Slide 3: Disclaimers & Notes - Namibia

    Namibia PEL 0037 Prospective Resources For personal use only DISCLAIMERS & NOTES- NAMIBIA Prospective Resource Estimates Cautionary Statement The estimated quantities of petroleum in this report that may potentially be recovered by the application of a future development project(s) relate to undisco

  4. Slide 4: Corporate & Project Snapshot

    Corporate & Project Snapshot For personal use only Corporate Kenya Offshore Oil & gas explorer Proven oil and gas systems  ASX Code: PCL  Block L6  Issued Shares: 1,717m  40% Pancontinental  Share Price: A $0.004  60% FAR Limited Operator & Partner  Market Cap: A $6.9m Namibia Offshore Kenya

  5. Slide 5: Pancontinental Management Team

    For personal use only Pancontinental Management Team David Barry Ernie John Vesna Kennedy Rushworth Myers Leach Petrovic MA (Geology) BSc (Geology & CPA BArts (Econ) BComm SEG Marine Sc) CA MBA CPA Executive Non-Executive Executive Finance Non-Executive Company Chairman Director, CEO Director Direct

  6. Slide 6: Pancontinental in Africa

    For personal use only Pancontinental in Africa Pancontinental Oil & Gas NL  Australian public company listed on the Australian Securities Exchange  Experienced Board and Management team  Junior exploration company with interests in Kenya and Namibia  African focus for the past 10 years  Partici

  7. Slide 7: Offshore Namibia

    For personal use only Offshore Namibia 7

  8. Slide 8: Namibia – Finding the Oil Sweet Spot

    Namibia Namibia Offshore – Politically Stablethe – Finding & Low Security Oil “Sweet Risk Spot” • Namibia has encouraged foreign investment through more than 25 years of political stability For personal use only • It is considered a low travel security risk country • The official language is English

  9. Slide 9: Namibia – Overview

    Offshore Offshore Namibia For personal use only - Overview Namibia – Finding the Oil “Sweet Spot”  Exploration blocks granted in 2011  Located in the Walvis Basin, offshore Namibia  Area 17,295 km2  Renewal March 2018  Only one well within PEL 0037, but good regional geological framework 9

  10. Slide 10: Namibia – Selection Criteria

    Offshore Offshore Namibia For personal use only – Finding Namibia – Selection theCriteria Oil “Sweet Spot” Basin Floor Axis (Transition Zone) EL 0037 Slope / Shelf Boundary OIL MATURE FAIRWAY ‐ Top Transition Zone Kenya D Oil generated and trapped in “Inner Graben” Wingat 1 Light Oil Recovery Muromb

  11. Slide 11: Namibia – PEL 0037 Joint Venture

    Offshore Offshore Namibia - PEL Namibia – 0037the Finding Joint VentureSpot” Oil “Sweet • Tullow Farmed in during 2013 For personal use only • US$100m+ Exploration Program agreed for Tullow to earn 65% • Pancontinental’s Significant 30% Equity Free Carried • Free Carry includes NO CAP on 1st Explora

  12. Slide 12: Namibia - PEL 0037 Seismic Surveys

    Offshore Namibia - PEL 0037 Seismic Surveys For personal use only • 1,000km 2D seismic • 3,000km2 3D seismic • Processing, Interpretation & Mapping • Cost ~ US $34m • 3D Survey Mainly Confined to North Sector of PEL 0037 • 4 Main Oil Prospects Defined 3D Seismic 2D Seismic • 3 Strong Oil Leads Surve

  13. Slide 13: PEL 0037 Prospects & Leads

    Offshore Offshore Namibia For personal use only - PEL Namibia – 0037the Finding Prospects & Leads Oil “Sweet Spot” • 4 Main Oil Prospects • Albatross • Cormorant • Seagull & Gannet Nth • Seagull & Gannet Sth • Additional Oil Leads • Fans 2, 3, 4 etc 13

  14. Slide 14: PEL 0037 Prospective Resources

    Offshore Offshore Namibia For personal use only - PEL Namibia – 0037the Finding Prospective Oil “Sweet Resources Spot” DISCLAIMERS AS REQUIRED BY ASX, IN CLOSE PROXIMITY AND WITH EQUAL PROMINANCE AS PROSPECTIVE RESOURCES ESTIMATES The resources referred to were announced 28 September 2015. The compa

  15. Slide 15: PEL 0037 - Prospects & Work Programme

    Namibia PEL 0037 - Prospects & Work Programme • Tullow Proceeds to Drill For personal use only Phase of JV PEL 30 • Tullow’s African PEL 37 Discoveries in Ghana & Onshore Kenya show proven track record in Drill selection criteria • Tullow in recent Half Year Results to June 2016 – “Predrilling & sco

  16. Slide 16: PEL 0037 – Cormorant Prospect

    Offshore Offshore Namibia For personal use only - PEL Namibia – 0037the Finding Cormorant Oil “SweetProspect Spot” Cormorant Prospect Prospective Resource 124Mmbbls* (100% over 120km2 area) CORMORANT CORMORANT Seismic Attribute Map of Cormorant Prospect Mature Aptian Oil Source Interval *Cautionary

  17. Slide 17: PEL 0037 – Albatross Prospect

    Offshore Offshore Namibia For personal use only - PEL Namibia – 0037the Finding Albatross Prospect Oil “Sweet Spot” Albatross Prospect Prospective Resource 349Mmbbls* (100%) over 293km2 area ALBATROSS Seismic Attribute Map of Albatross *Cautionary Statement - The estimated quantities of petroleum th

  18. Slide 18: PEL 0037 – Leads

    Offshore Offshore Namibia For personal use only – Finding Namibia – PEL 0037 Leads the Oil “Sweet Spot” Lead Area 352 km2 Similar in Area to Albatross Prospect Lower Fan 3 Mature Aptian Oil Source Seismic Cross-Section of Lower Fan 3 Lead 18

  19. Slide 19: Namibia – Timeline to Date

    Offshore Offshore Namibia For personal use only – Finding Namibia – Timelinethe to Oil Date“Sweet Spot” 2011 2012 2013 2014 2015 2016+ Pancon Initial work Tullow Exploration 3D seismic Tullow along with programme farmin to under analysis enters drill local conducted PEL 0037 farmout defines 4 phase

  20. Slide 20: Offshore Kenya

    For personal use only Offshore Kenya 20

  21. Slide 21: Pancontinental in Kenya

    Offshore Kenya For personal use only Pancontinental in Kenya  Present in-country for 15+ years Kenya  Participant in numerous exploration programmes across mostly offshore licences  Partnered with major international oil and gas companies (Apache Corporation, BG Group, Premier Oil, PTTEP and Tull

  22. Slide 22: Kenya L6 Summary

    Kenya L6 Summary Kenya L6 For personal use only LOCATION: Lamu Basin, Onshore /Offshore Kenya PROJECT SIZE: 5,010 square kilometres JOINT VENTURE PARTNERS: Offshore FAR Limited (Operator) 60.00% Pancontinental Oil & Gas Group 40.00% Onshore Milio International Group (Operator)* 60.00% Pancontinental

  23. Slide 23: For personal use only

    Head Office - Level 1, 10 Ord Street, Perth, Western Australia 6005 Postal Address - PO Box 1154, Perth Business Centre, Western Australia 6872 For personal use only Telephone +61 8 6363 7090 Facsimile +61 8 6363 7099 ACN 003 029 543 www.pancon.com.au 23

Pancontinental Energy NL — Investor Presentation (November 2016) on 6ix