Fitzroy River Corp. Ltd. · ASX:FZR
Fitzroy River — Bell Potter Securities Ltd presentation (June 2013)
13 slides from Fitzroy River's conference presentation, Jun 20, 2013
Slide 1: Company Presentation
Company Presentation 20 June 2013 at Bell Potter Securities Ltd 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fitzroy River Corporation Ltd (‘FZR’). By accepting or reviewing this presentation, or attending any associated presentation or briefing, each reviewer (the ‘Recipient’) agrees to be bound by the following conditions. The presentation is not a prospe
Slide 3: Capital Structure
CAPITAL STRUCTURE 90,788,294 ordinary shares on issue Market cap: A$29m (at A$0.32) No debt, no options or other securities Substantial shareholders • FlexiPlan (Sue Thomas) 18% • Australasia Resources (Frederic Durr) 13% • Mercantile Investment Co (MVT) (Sir Ron Brierley) 6% 3
Slide 4: Highly Prospective Ground: Positives and Negatives
Positives • Highly Prospective Ground • Many of the licences will not be subject to relinquishment – State Agreement • Near term material cash flow – could be as much as $3.65m* pa from 1H2014 • Free carry – no cash required Negatives • Passive investor in the Canning • Potential for litigation to r
Slide 5: Our Royalty Interests
FitzroyRiver ————._ OUR ROYALTY INTERESTS Western Australia Great Northem wy || Buru-Mitsubishi JV - Fitzroy River Corp Royalty Interest Permits LC] Buru - Fitzroy River Corp Royalty Interest Permits * STP-EPA.0045 is currently an Exploration Permit Application by Buru Energy Ltd in the ——e Assessme
Slide 6: The Royalty Deeds
The 2 Royalty Deeds – Lennard Shelf Royalty Deed – now covers 4 permits – Canning Basin Royalty Deed – now covers 8 permits Both Deeds entered into in 2006 during an Australian asset sale process Counterparties: Buru and Mitsubishi Corp’s Australian subsidiaries (DRF and DRC) 6
Slide 7: The Lennard Shelf Royalty Deed
The Lennard Shelf Royalty Deed Royalty Area - area covered by Licences EP129, L6 and L8 (registration pending over new L17) Royalty rate - 3% of ‘Well Head Value’ of all Petroleum recovered (nb Blina oil field production) Well Head Value - defined as the price that arms length buyer would pay for Pe
Slide 8: The Canning Basin Royalty Deed
THE CANNING BASIN ROYALTY DEED Permits: EP371, EP390, EP391, EP428, EP431, EP436, R1 (8% participating interest only) and L15 (12% participating interest only) Buru and Mitsubishi each (50/50) pay FZR a Royalty on all ‘Petroleum’ recovered from their 6 JV Permits Royalty 2% of the gross value of the
Slide 9: State Agreement Permits
The State Agreement is STATE AGREEMENT PERMITS focussed on facilitating exploration for natural gas. It covers: EP391, EP431, EP436, EP371 and EP428. The relevant EP for EPA0045, will (if granted) be eligible to be added as a ‘Petroleum Title’, after 31 March 2016, if it is prospective for natural g
Slide 10: The Conventional Prospects
The Conventional Prospects 10
Slide 11: The Oil Prospects
THE OIL PROSPECTS NEAR TERM CASH FLOW Buru is targeting oil production from Ungani of ~ 5,000 bopd 1H2014 (BRU announcement 19 March 2013) MEDIUM TERM UPSIDE Ungani North proven trend (BRU announcement 27 May 2013) 11
Slide 12: The Gas Provinces
; Te FitzroyRiver : ——— THE GAS PROVINCES Yulleroo and Valhalla gas provinces within Laurel Formation (at Aug 2012) Western Australia Fitzroy Crossing 005 Note: Prospective area outlines are illustrative only ) |] Buru-Mitsubishi JV - Fitzroy River Corp Royalty Interest Permits AN [HNN Buru - Fitzro
Slide 13: Prospective Regional Accumulation
PROSPECTIVE REGIONAL ACCUMULATION 13
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