Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Investor Presentation (March 2014)
11 slides from Cue Energy Resources's investor presentation, Mar 12, 2014
Slide 1: Cue Energy Overview
A.B.N. 45 066 383 971 For personal use only 12 March 2014 PAGES (including this page):11 CUE ENERGY OVERVIEW Cue is an Australian based oil & Company Announcements Office gas company with activities in 10th Floor Australia, New Zealand, Indonesia 20 Bond Street and PNG. Sydney NSW 2000 THE COMPANY H
Slide 2: Cue Energy Resources Limited - Excellence in Oil and Gas, March 2014
For personal use only CUE ENERGY RESOURCES LIMITED (ASX: CUE) www.cuenrg.com.au Excellence in Oil and Gas, March 2014
Slide 3: Disclaimer & Important Notice
For personal use only DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other importan
Slide 4: Corporate Summary
Corporate Summary COMPANY SNAPSHOT SHARE PRICE PERFORMANCE For personal use only 0.40 Share Price ($A) Volume (m) 10 Market Capitalisation @ A$0.135 (1) A$94.2million 0.35 9 8 0.30 Ordinary Shares 698,119,720 7 0.25 6 12 Month Trading Range(2) 10.5¢ – 15.0¢ 0.20 5 0.15 4 3 12 Month Average Daily Vol
Slide 5: Regionally Diversified Assets
Regionally Diversified Assets INDONESIA Kutei Basin PNG For personal use only Papuan Basin Mahakam Hilir PSC SE Gobe PDL 9 PDL 14 INDONESIA Offshore East Java Sampang PSC NEW ZEALAND Taranaki Basin Maari PEP 51313 PEP 51149 AUSTRALIA PEP 58465 Carnarvon Basin WA-359-P WA-360-P WA-361-P WA-389-P WA-4
Slide 6: Strong Existing Production
For personal use only Strong Existing Production Net Sales volume H1 FY14 Net Production (2011-2016f) boe Million boe 160,000 1.2 140,000 1 120,000 0.8 100,000 80,000 0.6 60,000 0.4 40,000 0.2 20,000 0 0 Maari Oyong Wortel SE Gobe 2011 2012 2013 2014f 2015f 2016f Calendar year • Maari shut in for re
Slide 7: New Zealand Asset Growth
New Zealand Asset Growth • Strong production from Maari post FPSO upgrade For personal use only • Ensco 107 mobilising for Maari Development drilling (Cue 5%) – Expected on location April 2014 – 4 production wells and 1 water injection well to be drilled – Development expected to double production b
Slide 8: Maximising value from existing Assets
Maximising value from existing Assets • WA-359-P (100% Cue) For personal use only – Farm-out underway – Oil play charged from the Victoria Syncline – 150+ million barrel OOIP prospect with follow up – Fully covered by high quality 3D seismic data reprocessed to PSDM • Equity available in other Cue C
Slide 9: Near Term Activity
Near Term Activity • Ensco 107 mobilising for Maari drilling For personal use only • Whio-1 100% carried by OMV • Te Kiri North-1 onshore NZ planning underway • Contingent Manaia-3 appraisal well 2015 2013 2014 Q3 Q4 Q1 Q2 Q3 Q4 New Zealand Maari growth projects ENSCO 107 (Jack-Up) New Zealand* Dril
Slide 10: Growth Strategy
For personal use only Growth Strategy Participate in areas of high prospectivity • Preference for onshore Australia/Asia • Strategic test areas Take meaningful equity positions • Invest in material positions for Cue • Target 20-40% equity onshore, 15-20% offshore Lower cost environments with near te
Slide 11: Summary
For personal use only Summary • 2014 production growth to come from New Zealand with 2 firm wells and Maari Growth Project • 2014 focus on capturing new exploration opportunities • Cue actively seeking and evaluating other growth opportunities aligned with strategy • Work to realise value from exist
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