Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2024)
14 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 29, 2024
Slide 1: Presentation to Annual General Meeting of Shareholders
For personal use only Presentation to Annual General Meeting of Shareholders 29 November 2024
Slide 2: Disclaimer
Disclaimer For personal use only These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities, nor shall any part of these materials or fact of
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Board & Management ASX Code PCL Ernie Myers Chairman For personal use only Shares on Issue 8.1 billion Barry Rushworth Non-Executive Director Options on Issue 852 million (492 million listed) Vesna Petrovic Executive Director, CFO & Co Sec Share price A$0.019 Iai
Slide 4: The Global Exploration Hotspot
The Global Exploration Hotspot • Namibian deepwater Orange Basin continues to deliver For personal use only with 8 discoveries from 10 wells since early 2022 Saturn • Approximately 20 Billion barrels of in-place oil believed to have been discovered thus far PCL PEL 87 Moosehead-1 • Galp Energia and
Slide 5: Pancontinental's PEL
Pancontinental’s PEL 87 • PCL 75% working interest, and Operator For personal use only • Option arrangement with Woodside Energy (GOM) Inc. • Very large permit @ 10,970 km2, hosting vast Saturn complex. A • Undertanding of prospectivity benefiting from the Woodside- funded US$38 million+ 3D seismic
Slide 6: Orange Basin Discoveries
Orange Basin Discoveries • Major oil discoveries by TotalEnergies and Shell were For personal use only superceded by Galp Energia’s supergiant Mopane discovery in early 2024 Saturn • Mopane situated some ~100km south and on-trend to PEL 87, in a similar intra-slope setting PCL PEL 87 Moosehead-1 Che
Slide 7: Woodside Energy Deal
Woodside Energy Deal • Woodside has earned an option to acquire a 56% For personal use only Participating Interest from PCL • Fully funded a US$38 million+ 3D seismic survey Stage 1 • Woodside has until 18 May 2025 to exercise its option • If option exercised, Woodside will then fully carry the join
Slide 8: Hydrocarbon Play Types
Hydrocarbon Play Types • Prospectivity not restricted solely to Saturn complex For personal use only • A wide variety of Cretaceous play A A’ concepts have been identified • Structural, stratigraphic and combination trapping styles • Seismic ”bright” amplitudes evident at various levels • Current fo
Slide 9: Orange Basin: Petroleum System Elements
Orange Basin: Petroleum System Elements Jurassic Cretaceous Paleogene Neogene Geological Age For personal use only Upper Jurassic Lower Cretaceous Upper Cretaceous Pliocene Eocene Oligocene Miocene Source Reservoir Sealing Formations Trap Formation Oil Gas Charge Mopane AVO-1 Mangetti Lesedi Venus J
Slide 10: Primary Focus: Intra-Saturn AVO Anomalies
Primary Focus: Intra-Saturn AVO Anomalies • A number of significant leads show Class II/III For personal use only Amplitude vs Offset (AVO) anomalies within the Saturn complex Class II/III AVO • Major discoveries to south are believed to have Class anomalies II/III AVO support (e.g. Mopane, Venus) •
Slide 11: Secondary Focus: Aptian/Barremian Outboard
Secondary Focus: Aptian/Barremian Outboard For personal use only • Outboard play to west of 3D seismic survey area • Supported by Class I AVO anomalies • Channel-fan depositional geometries Deepwater feeder channel • Low-relief structural closures in evidence Interpreted detached fan • Less well sit
Slide 12: Resurgence of Drilling Activity
Resurgence of Drilling Activity For personal use only • Major drilling programs now commencing after brief operational hiatus across Orange Basin Saturn • Estimated 10+ wells to be drilled in coming 12 months PCL Moosehead-1 • Galp Energia appraising Mopane discovery and Chevron drilling PEL 87 Galp
Slide 13: In Summary
In Summary For personal use only • US$38 million 3D seismic investment from Woodside has provided vast and high quaity exploration dataset • PCL and Woodside collaborating on analysis of the data • Multiple play types in evidence across survey area • Main focus is now on intra-Saturn complex explora
Slide 14: Q&A
For personal use only Q&A 45 Ventor Avenue West Perth WA 6005 T: +61 8 6363 7090 pancon.com.au
Pancontinental Energy NL — Shareholder Meeting (November 2024) on 6ix