Central Petroleum Limited · ASX:CTP
Central Petroleum — Investor Presentation (October 2020)
21 slides from Central Petroleum's investor presentation, Oct 12, 2020
Slide 1: Primed for Growth
For personal use only Primed for Growth 12 October 2020 Central Petroleum Limited (ASX:CTP)
Slide 2: Company snapshot
Company snapshot For personal use only Brisbane head office / NT Operations * 92 employees 12.3 PJE of sales FY2020 $65M sales revenue FY2020 4 $5.4M maiden profit after tax in 2020 $87M market cap Top10 1 shareholders Reserves Unit 1P 2P 2C Net debt2 23% Gas PJ 123 155 240 $46M 35% Equity3 Oil MMBB
Slide 3: Downside protection / blue sky growth
Downside protection / blue sky growth For personal use only Large under-explored portfolio Amadeus exploration programme Range Gas Project Production assets: Mereenie + Palm Valley + Dingo CENTRAL PETROLEUM LIMITED (ASX:CTP) 3
Slide 4: Solid foundations – producing assets
Solid foundations – producing assets For personal use only Large under-explored portfolio Amadeus exploration programme Range Gas Project Production assets: Mereenie + Palm Valley + Dingo CENTRAL PETROLEUM LIMITED (ASX:CTP) 4
Slide 5: Proven producing fields
Proven producing fields For personal use only • Mereenie oil and gas field – acquired 50% from Santos in 2014 • Palm Valley and Dingo Gas fields acquired from Magellan in 2015 • Installed plant capacity of 45TJ/d (net to Central) • Mereenie and Palm Valley have been producing for decades • Surrounde
Slide 6: Rapid growth following NGP in 2019
Rapid growth following NGP in 2019 For personal use only • Central is the largest on-shore gas producer in the Northern Territory • Record annual sales volumes and revenues in FY2020 (triple that of 2017) despite challenging market conditions in 2H • Central’s business is financially resilient and p
Slide 7: Long term sales contracts provide resilience
Long term sales contracts provide resilience For personal use only ▪ Sales volumes in 2nd half of FY20 essentially reflect our portfolio of fixed-price, long-term gas supply agreements ▪ 96% of June quarter sales from long term, fixed price contracts ▪ Long term contracts extend past 2025 ▪ Strong i
Slide 8: Range Gas Project, Qld: Development-ready
Range Gas Project, Qld: Development-ready For personal use only Large under-explored portfolio Amadeus exploration programme Range Gas Project Foundation producing assets: Mereenie + Palm Valley + Dingo CENTRAL PETROLEUM LIMITED (ASX:CTP) 8
Slide 9: Range Gas Project
Range Gas Project For personal use only ▪ Joint venture with Incitec Pivot (50% interest) ▪ 77km2 with 270 PJ development-pending 2C contingent gas resource* ▪ Surrounded by major CSG developments and infrastructure ▪ Potential to almost double Central’s 2P reserves base and annual sales volumes ▪ O
Slide 10: Amadeus Basin: Major Emerging Gas Basin
Amadeus Basin: Major Emerging Gas Basin For personal use only Large under-explored portfolio Amadeus exploration programme Range Gas Project Production assets: Mereenie + Palm Valley + Dingo CENTRAL PETROLEUM LIMITED (ASX:CTP) 10
Slide 11: Federal Energy Plan (New Gas Supply Needed)
Federal Energy Plan (New Gas Supply Needed) For personal use only ➢ Transition path to renewables ➢ Gas-fired recovery ➢ Gas Supply Hubs to improve market liquidity Amadeus Basin Emerging as Key Cost-Efficient Gas ➢ Promote large emerging gas Supply basins for new supply ➢ New pipelines for efficien
Slide 12: The Amadeus Basin
The For personal use only Amadeus Basin 30 years of proven commercial production 200PJs of existing uncontracted 2P reserves Large underexplored basin (53Tcf total resource*) Conventional gas focus, with large unconventional upside * total Amadeus 2C resources and prospective resources from EnergyQu
Slide 13: Amadeus Basin advantages
Amadeus Basin: For personal use only ✓ Proven low-cost conventional production for over 30 years ✓ Large underexplored basin (53 TCF total resources*) ✓ Smaller surface footprint (vs unconventional) ✓ Lower water usage / production (vs unconventional) ✓ No fracking planned with naturally fractured c
Slide 14: Exploration activity in 2021 and 2022
Exploration activity in 2021 and 2022 For personal use only Targeting Lower Risk 647 PJ A Mereenie Stairway (2C 54 PJ) Undeveloped section of Mereenie with the potential to convert existing 2C to 2P B Palm Valley Deep (target 123 PJ) Testing deeper reservoir (proven at Dingo) in existing field C Ora
Slide 15: A new paradigm for the Amadeus Basin
A new paradigm for the Amadeus Basin For personal use only Large Multi TCF targets – potential to mitigate south-east gas shortages under-explored portfolio Amadeus – Clear price signals to stimulate exploration and Amadeus exploration appraisal across the basin Moomba Gas programme Pipeline Re-rate
Slide 16: Amadeus to Moomba Gas Pipeline
Amadeus to Moomba Gas Pipeline Amadeus to Moomba Gas Pipeline (AMGP) For personal use only MOU with Macquarie Mereenie and Australian Gas Infrastructure Group (AGIG) to progress towards FID a new gas pipeline between the Amadeus Basin and Moomba. ▪ 950km 16-inch diameter pipeline (less than half the
Slide 17: Key takeaways
Key takeaways For personal use only ➢ Quality production assets provide solid foundation and downside protection ➢ Range Gas Project offers significant growth through project delivery ➢ Company-changing exploration within the proven, yet emerging, Amadeus Basin ➢ The AMGP would re-rate Central’s ope
Slide 18: Notice and legal disclaimer
Notice and legal disclaimer For personal use only To the maximum extent permitted by law: 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 19: Strong Board
Strong Board Wrixon Gasteen (Chairman) For personal use only • Over 30 years experience in mining, oil & gas • Experienced Managing Director and CEO, Executive Director and Chairman of both listed and private companies in Australia, Singapore, Malaysia and the USA. Leon Devaney (Managing Director an
Slide 20: Appendix: Reserves and resources information
Appendix: Reserves and resources information For personal use only Prospective Resources – Amadeus exploration targets Low Best High Mean Resources Estimates The volumes of Prospective Resources Estimate Estimate Estimate included in this presentation represent the Target Depth Permit Lead / Prospec
Slide 21: Contact and Further Information
For personal use only Level 7, 369 Ann Street Brisbane QLD 4000 Australia Contact and Further +61 (0)7 3181 3800 Information This ASX announcement was approved and authorised for release by Leon Devaney, Managing Director info@centralpetroleum.com.au and Chief Executive Officer Investor and Media In
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