Prominence Energy Limited · ASX:PRM

Prominence Energy — Sun Resources NL — Investor Presentation (November 2017)

14 slides from Prominence Energy's investor presentation, Nov 2, 2017

  1. Slide 1: Offer Presentation: Raising $1.3 Million to Advance Bowsprit Project

    OFFER PRESENTATION RAISING $1.3 MILLION TO ADVANCE BOWSPRIT PROJECT CONVENTIONAL OIL DEVELOPMENT: OFFSHORE LOUISIANA Alex Parks Director and Incoming CEO 2 November 2017

  2. Slide 2: Corporate Snapshot

    Corporate Snapshot Capital Structure: As at 27 October 2017 Share Price / Volume History: As at 27 October 2017 ASX code SUR Ordinary shares on issue 432m Listed options (A$0.01) 393.8m Cents Unlisted options (A$0.0375) 2.7m 0.6c Share price as at 27 October 2017 A$0.006 0.5c Market capitalisation (

  3. Slide 3: Executive Summary

    Executive Summary  Rights Issue  A non-renounceable rights issue to Eligible Shareholders of three (3) New Shares for every four (4) Shares held at the Record Date at an issue price of $0.004 each to raise up to $1,296,742 (before costs) together with one (1) free Attaching Option for each two (2)

  4. Slide 4: Sun Strategic Considerations

    Sun Strategic Considerations In reviewing numerous potential projects, Sun has focused on finding an opportunity that can create value for shareholders. Key considerations included:  Strategic Goals  Find a “Sun Pigeonhole” to provide a unique ASX offering  Single geographic area or basin prefera

  5. Slide 5: Focus Area - Breton Sound, Louisiana

    Focus Area - Breton Sound, Louisiana Prolific Hydrocarbon Province  St Bernard & Plaquemines Parishes (Red Oval) have produced 1.2billion bbls of oil and 5.2Tcf of gas since 1978  Favourable sedimentary circumstances combine with a variety of structures to provide excellent conditions for accumula

  6. Slide 6: JV Participants

    JV Participants Pinnacle Exploration Pte. Ltd. ("Pinnacle") is a private, upstream oil and gas company incorporated in Singapore. Pinnacle's focus and expertise is the shallow water, oil and gas projects in the prolific Salt Dome Basin, Gulf of Mexico. The Sun and Pinnacle Boards are well known to e

  7. Slide 7: Breton Sound – Bowsprit Lease

    Breton Sound – Bowsprit Lease Bowsprit Lease awarded in Gulf of Mexico  Located offshore Louisiana, 70km southeast of New Orleans  In Breton Sound area which has produced over 134 MMbbls and 650BCF between 1950 to 1998 from hundreds of wells Mostly finished by late 90’s introduction of horizontal

  8. Slide 8: Bowsprit Field: Bypassed Oil Pool

    Bowsprit Field: Bypassed Oil Pool Delineated by 14+ wells with ~75,000 barrels oil produced from 2 wells Up to 55ft of oil column at crest, at depth of 7,400ft to be developed in <10 meters water A A’ A’ A 8

  9. Slide 9: Fit for Purpose, Low Cost Development Options

    Fit for Purpose, Low Cost Development Options Shallow-draft export / storage barge Modular Separator to place on moored barge or old jack up for low cost development Jack-up rig Typical well head with protection cage 9

  10. Slide 10: Schedule to First Oil

    Schedule to First Oil April 2017 MoU, exclusive period with Pinnacle May 2017 Nominate first project lease area August 2017 Award of Bowsprit Lease - triggers Sun and Pinnacle JV, JOA September 2017 - January 2018 Development planning and farm-out of first well December 2017 Anticipated Formal Reser

  11. Slide 11: Rights Issue & Use Of Funds

    Rights Issue & Use Of Funds Sun is seeking to raise A$1.296 million before costs by issuing new shares at a price of 0.4 cents/ share on a 3 for 4 basis with one free attaching option per 2 shares subscribed for. Rights Issue Capital Structure Use of Funds Ordinary Shares on Issue 432,247,193 Techni

  12. Slide 12: Sun’s Growth Plan

    Sun’s Growth Plan Domestic US Companies are focused on capital intensive “harvest” of unconventional oil leaving a rich plethora of conventional opportunities in shallow water GOM with minimal competition Over a multi-year period of working the shallow water east of New Orleans, Sun’s coventurer Pin

  13. Slide 13: Important Information - Disclaimer

    IMPORTANT INFORMATION - DISCLAIMER This presentation has been prepared by Sun Resources NL (“Sun”) for the purpose of providing a company and technical overview to interested parties to enable recipients to review the business activities of Sun. This presentation is limited in scope and is not inten

  14. Slide 14: For further Information

    ABN 69 009 196 810 Level 2, 30 Richardson Street, West Perth WA 6005 Telephone: +61 8 9321 9886 Facsimile: +61 8 9321 8161 Email: admin@sunres.com.au Website: www.sunres.com.au For further Information Media and Investor Enquiries Mr Alex Parks (Director and Incoming CEO) Email: alex@sunres.com.au Ad

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