Central Petroleum Limited · ASX:CTP

Central Petroleum — Morgans Queensland Conference 2018

23 slides from Central Petroleum's conference presentation, Oct 12, 2018

  1. Slide 1: Company Presentation

    Company Presentation Morgans Queensland Conference 10 – 12 October 2018 Central Petroleum Limited (ASX: CTP)

  2. Slide 2: Notice and Legal Disclaimer

    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 (“Company”). This pre

  3. Slide 3: Overview

    Overview Strong foundation poised for growth CENTRAL PETROLEUM LIMITED (ASX: CTP) 3

  4. Slide 4: Our Company

    Our Company  ASX Listed (CTP) with a current market capitalisation around $100 million  Focus on onshore gas Exploration & Production (E&P) in central and eastern Australia  Operator of 3 onshore fields in the Northern Territory (NT) with oil and gas sales of circa 5.5PJe in FY18 (Revenue $35M up

  5. Slide 5: Key achievements (last 12 months)

    Key achievements (last 12 months)  Increased FY18 gas sales by 46% while remaining focused on safe, reliable and responsible operations  Materially progressed 2 Facility Projects targeting a significant increase in gas production capacity to at least 41Tj/d by December 2018  Contracted significan

  6. Slide 6: NT operating assets

    NT operating assets Dingo gas field 31.01PJ 2P* • Acquired in 2014 with Palm Valley • Completed surface facilities and 50km pipeline • Current capacity of ~5TJ/d. No current expansion activity • Supplies direct to Owen Springs Power Station Mereenie oil & gas field (50%) 69.30PJ 2P* Palm Valley gas

  7. Slide 7: Exploration Portfolio

    Exploration Portfolio  Significant exploration footprint, over 200,000km2  Mostly gas prone, significantly underexplored  Blue outline area under farm- outs with Santos (50% to 70% to Santos at completion), balance is 100% Central  Southern Amadeus permits surround existing fields so we know the

  8. Slide 8: Queensland CSG acreage

    Queensland CSG acreage  Awarded 29 August 2018, comprising 77km2 CSG acreage for Australian domestic gas supply, midway between Miles and Wandoan in the eastern Surat Basin  North-eastern Walloon Fairway, surrounded by acreage held by Shell, Arrow and APLNG  Targeting 150-180 PJ potentially recov

  9. Slide 9: NGP – A catalyst for growth

    NGP – A catalyst for growth  The NT gas market is small and oversupplied  Our production assets and gas-prone exploration portfolio are currently market constrained, limiting growth  In just 2 months, the Northern Gas Pipeline (NGP) will, for the first time, connect Central’s gas assets to the cr

  10. Slide 10: Gas Acceleration Programme

    Gas Acceleration Programme What it is and its impact on the Company’s performance CENTRAL PETROLEUM LIMITED (ASX: CTP) 10

  11. Slide 11: GAP to maximise initial gas sales through the NGP

    GAP to maximise initial gas sales through the NGP GAP Status 1. Mereenie gas facility upgrade In progress 2. Palm Valley gas field and gas facility restart In progress Completed - results disappointing - under 3. West Mereenie 26 infield appraisal well analysis In progress – has encountered strong i

  12. Slide 12: GAP capacity and NGP sales impact

    GAP capacity and NGP sales impact Gas capacity post GAP upgrade Contracted gas sales post NGP TJ/d Phase 1 Phase 2 Total TJ/d Total Mereenie 100% 44.0 **14.0 58.0 Existing Mereenie and Palm Valley**** 10.5 Mereenie 50% 22.0 7.0 29.0 Existing Dingo 4.4 Palm Valley 15.0 ***5.0 20.0 Total net to Centra

  13. Slide 13: GAP maximising initial east coast gas sales

    GAP maximising initial east coast gas sales  Brownfield facility projects Gas Actual Sales / Forecast Capacity (TJpa) materially reduce CapEx and 16,000 Acquired Palm Acquired 50% NGP expected OpEx per unit of production 14,000 Valley and Dingo of Mereenie commencement going forward 12,000 March 20

  14. Slide 14: Other growth activities

    Other growth activities CENTRAL PETROLEUM LIMITED (ASX: CTP) 14

  15. Slide 15: Appraisal and exploration

    Appraisal and exploration Targeting Status Potential Completed - minor gas shows due Up to 120PJ of contingent West Lower Stairway 2 sandstone to mineralisation – review to assess resource estimated (NSAI Mereenie 26 technical alternatives 31 December 2015) Increase field Palm Valley Known gas in th

  16. Slide 16: Business development

    Business development In addition to increased gas sales through the NGP, we are actively progressing the following key growth opportunities: Tendering for new Potential value add acreage releases in projects (LPG, local Queensland refining, etc) Partnering with new Farm-in / farm-out and gas users i

  17. Slide 17: Near term growth strategy

    Near term growth strategy Maximise gas sales into the NT and east coast markets through our Gas Acceleration Programme (GAP) Leverage our capability in exploration, development and operations to create value in existing assets Accelerate exploration of newly awarded Qld CSG acreage Progress new grow

  18. Slide 18: Near-term share price growth catalysts

    Near-term share price growth catalysts FY 2019 FY 2020 Asset Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 GAP Mereenie upgrade/ Contracted gas sales nearly triple through 31 December 2019 restart completion New gas supply contracts Start supply Mitigate pipeline constraint (Phase 2 capacity) Palm Valley through NGP Sant

  19. Slide 19: Strategic priorities

    Strategic priorities Strategic position and key priorities CENTRAL PETROLEUM LIMITED (ASX: CTP) 19

  20. Slide 20: Strategic position

    Strategic position  Highly experienced management team, recently augmented  Proven capability in exploration, development and operations  Poised to take advantage of an attractive east coast gas market through the NGP  Significant exploration portfolio in the NT surrounding producing fields  CS

  21. Slide 21: Key priorities

    Key priorities  Maintain our focus on safety first  Continue to operate in an environmentally responsible manner  Continue to make a positive contribution to the communities in which we operate  Complete GAP to maximise gas sales near term sales  Create value through our exploration portfolio a

  22. Slide 22: Positive community contribution

    Positive community contribution 3 key employment strategies to sustain our NT operations: Our current operations achieve: 1. Family Values for Working Families – maximise number  60% are local employees of employees who can commute daily from their homes in Alice Springs  30% of staff are Indigeno

  23. Slide 23: Contact and Further Information

    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 PETROLEUM LIMITED (ASX:

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