Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — ASX Small to Mid Caps Conference May 2012
20 slides from Cue Energy Resources's conference presentation, May 22, 2012
Slide 1: Cue Energy Overview
For personal use only A.B.N. 45 066 383 971 22 May 2012 PAGES (including this page): 20 CUE ENERGY OVERVIEW Cue is an Australian based oil & gas Company Announcements Office company with projects in Australia, 10th Floor New Zealand, Indonesia and PNG. 20 Bond Street THE COMPANY HAS: Sydney NSW 2000
Slide 2: ASX Small to Mid Caps Conference
For personal use only ASX Small to Mid Caps Conference Mark Paton CEO May 2012
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: Cue Energy At A Glance
Cue Energy At A Glance … For personal use only Market Capitalisation @ A$0.22 A$153 Million 2P Oil Reserves Ordinary Shares 698,119,720 12 Month Trading Range 19 – 34c Average Daily Volume ~500,000 Cash at 31/03/2012 A$42.3 Million 2.4 MMbbls (2P*) Maari (NZ) Debt nil 0.2 MMbbls (2P*) Oyong (Indones
Slide 5: Asset Location Map
For personal use only Asset Location Map
Slide 6: Growth Strategy
Growth Strategy For personal use only Current Status 3-5 Year Vision • $153 million market capitalisation • >$1 billion market capitalisation @ $0.22/share @ over $1 / share • In the range 20th-25th largest E&P Consistently Out Perform • In the range 5th-10th largest E&P companies on the ASX compani
Slide 7: Cue Energy Board
Cue Energy Board For personal use only RICHARD TWEEDIE, LL.B Cue Board members have extensive Non-Executive Chairman experience with small and large oil & gas Appointed 2001 companies including: Todd, SPC, Woodside, Santos, Exxon, Anzon, Otto. TIMOTHY DIBB, BSc, PhD PAUL MOORE, BSc, Eng, MBA Non-Exe
Slide 8: Cue Key Management
Cue Key Management For personal use only Mark Paton Chief Executive Officer Mark has over 30 years experience in the upstream gas and oil industry. His credentials include working in various positions for BP in Europe and the Middle East and BHP Petroleum in Australia. He left BHP in 1997 to co-foun
Slide 9: 2011 Financial Results
For personal use only 2011 Financial Results • Revenue steady with lower oil production offset by higher oil prices and gas production • Gross profit steady but net profit after tax lower due to exploration write offs, exchange rate losses and accounting adjustments • After tax earnings of 3 cents p
Slide 10: Projects
For personal use only PROJECTS 9
Slide 11: Production Assets
Production Assets For personal use only • Maari Field, Offshore New • Maari commenced production in 2009 Zealand • Current production ~11,000 bopd Cue 5% • Phase 2 of development to extend field life beyond 2030 • Sampang PSC, Offshore • Oyong oil production commenced in 2007 Madura Island, Indonesi
Slide 12: Appraisal Assets
Appraisal Assets For personal use only • Sampang PSC, Offshore • Jeruk Field was discovered in 2003, Appraised by Jeruk-2 and 3 wells in Madura Island Indonesia 2004 and 2006 Cue 15% • Oil was recovered from several flow tests up to 7,488 bopd • Jeruk oil discovery is currently being re-evaluated wi
Slide 13: Development Assets
Development Assets For personal use only • Maari / Manaia Field, Phase 1 Development (Complete) Offshore New Zealand • Platform, FPSO, 7 oil wells, 3 water injectors • First oil 1Q 2009, 15.5 million barrels produced Cue 5% • Current rate ~10,000 bopd with all wells producing. Cue share ~500 bopd •
Slide 14: New Zealand Exploration
New Zealand Exploration For personal use only PEP 51313 - Pike PEP 51149 – Pungarehu JV Participants Participating Interest JV Participants Participating Interest Todd Exploration (Operator) 50% Todd Exploration (Operator) 61.425% Horizon Oil (New Zealand) Ltd 30% Cue Taranaki Pty Limited 20% Cue Ta
Slide 15: Indonesia Exploration, Kutei Basin
Indonesia Exploration, Kutei Basin Mahakam Hilir PSC For personal use only Exploration Drilling 2012 • Naga Utara – Drilled January to March 2012 and intersected potentially JV Participants Participating Interest commercial gas bearing sandstones. Two zones flowed gas during drilling. • Re-entry and
Slide 16: Australia Exploration
Australia Exploration Carnarvon Basin Permits For personal use only • 5 permits on trend with major discoveries and new developments • Significant existing and planned LNG processing capacity in the region • WA-389-P – Woodside (Cue 35%) - Movida 3D seismic completed in 1Q, 2011 - Drilling one well
Slide 17: WA-389-P – Banambu Deep Drilling May 2012
WA-389-P – Banambu Deep Drilling May 2012 For personal use only Following farmout to Woodside in 2010 • Cue retains 35% carried interest • New Movida 3D seismic and existing 3D seismic reprocessing completed • 8 prospects and leads identified • Recent farm-in by BHP Billiton • BHP Billiton earn 40%
Slide 18: Activity Timing
Activity Timing For personal use only 2011 2012 2013 2014 CUE INDICATIVE TIME LINE 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q EXPLORATION SEISMIC NZ (3D Pike & Maari / Manaia) FIRM DRILLING Mahakam Hilir PSC Naga Utara Mahakam Hilir PSC Naga Selatan Sampang PSC Wortel Development (2) Sampang PSC Oyong D
Slide 19: Why Invest in Cue?
Why Invest in Cue? For personal use only Strong Fundamentals • Experienced & energetic board and management • Existing oil and gas production and cash flow with a low decline rate, providing a stable platform for company building • Clean balance sheet, no debt Near-term Activity • LNG scale, WA-389-
Slide 20: Contact Details
Contact Details For personal use only Cue Energy Resources Limited Level 21 114 William Street Melbourne Australia Tel +61 3 9670 8668 mail@cuenrg.com.au www.cuenrg.com.au
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