Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2022)
33 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 30, 2022
Slide 1: Pancontinental Energy NL – AGM Briefing November 2022
PANCONTINENTAL ENERGY NL High Impact Oil & Gas Exploration AGM Briefing – November 2022 1
Slide 2: Disclaimer
DISCLAIMER These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, redistributed or passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for any purpose. Failure t
Slide 3: Pancontinental – Corporate Snapshot
PANCONTINENTAL - CORPORATE SNAPSHOT Capital Structure PCL – Share Price Chart – 12 Months ASX Code PCL $0.014 PEL 87 Shares on Issue 7.55 billion $0.012 Total and Shell Licence $0.010 discoveries Extension Options on Issue 299.99 million $0.008 Share price 0.5 cents $0.006 Market Capitalisation A$38
Slide 4: Pancontinental's Projects
PANCONTINENTAL’S PROJECTS Block PCL% Partner Operator Namibia 75% Custos 15% PCL PEL87 Namcor 10% Location / Details Blocks Australia JV Partners: ATP 920 Key Petroleum Cooper- Limited (Operator) 80.00% Eromanga ATP 920 Pancontinental Energy NL 20.00%** Project ATP 924* Key Petroleum Limited Size: A
Slide 5: Offshore Namibia PEL 87 Overview
OFFSHORE NAMIBIA PEL 87 OVERVIEW 5 BR7 15 Jun 22 2022
Slide 6: PEL 87 – Key Information
PEL 87 – KEY INFORMATION • Orange basin, Lüderitz basin, southwest offshore Namibia • Large area- 10,970km2 • Water depths 400 meters to 3,150 meters • Awarded 23 January 2018, with possible total term of 10 years + extensions • Currently in a 12 months’ extension of the first four–year term • Can b
Slide 7: PEL – Regional Activity
PEL 87 – REGIONAL ACTIVITY PANCONTINENTAL JV PEL 87 SATURN TURBIDITE COMPLEX PEL 87 10,970 sq km PANCONTINENTAL * * PEL 90 PEL 83 CHEVRON GALP DRILLING FARMIN 2022 GALP 2023 US$100 Million for 80% Kudu Gas Field MULTIPLE 3D PEL 56 SURVEYS TOTAL SHELL DRILLING PLANNED PEL 39 Q4 2022 SHELL TOTAL PLANS
Slide 8: The Saturn Turbidite Complex
THE SATURN TURBIDITE COMPLEX The Saturn Turbidite Complex is similar to Total’s Venus oil discovery- (i) Orange Basin (ii) Same stratigraphic level (Early Aptian) (iii) Same source rocks (iv) Same bottom and top seals (v)Both have AVO response (vi)Similar drill depths/ depths of burial (c 3,500m bel
Slide 9: Pancontinental Has Mapped the Very Large Saturn Turbidite Complex in PEL 87
PANCONTINETAL HAS MAPPED THE VERY LARGE SATURN TURBIDITE COMPLEX IN PEL 87 Water Depth 400 m ALL FEATURES ASSOCATED WITH THE SATURN COMPLEX (RED) Saturn Core area 2,400 Km2 50 Km CORE FEATURES (BLUE) Water Depth 3,000 m PEL 87 10,970 Sq Km Depth Structure Map Mid Aptian Unconformity (Base of Top Sea
Slide 10: Saturn - 2D Mapping
SATURN - 2D MAPPING * THE SATURN TURBIDITE COMPLEX COVERS 2,400 Km2 AND IS ABOUT 280 m THICK * SATURN LIES ALMOST 100% WITHIN PEL 87 260 MILLISECS TWT c. 280m Thick PEL 87 ISOPACH MAP ALMOST 300m OF TURBIDITE BUILD‐UP “Zero Edge” ISOCHRON MAP 10 10
Slide 11: Saturn – Reservoir (Strike Line)
SATURN – RESERVOIR (STRIKE LINE) S Moosehead 1 N ‐‐‐‐‐‐‐‐‐‐ 10 Km SOUTH COURTESY OF SPECTRUM GEO NORTH 11 Line courtesy of Spectrum Geo
Slide 12: The Saturn Complex Strike Line
Example 5,600 SQ KM 3D SEISMIC A THE SATURN COMPLEX SURVEY STRIKE LINE Pancontinental holds 75% and Operatorship of PEL 87, Orange Basin, offshore Namibia SATURN FAN CORE The Saturn turbidite complex is in the same trend and at the same ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ stratigraphic level as the Venus-1 oil discover
Slide 13: The Saturn Complex
THE SATURN COMPLEX --DIP LINE DATUMED ON HALF SEAFLOOR (PSEUDO-DEPTH PRESENTATION) WEST EAST Water compensated Time Domain 2D seismic ‐‐‐‐‐‐‐‐‐‐ 10 Km 13 COURTESY OF SPECTRUM GEO
Slide 14: The Saturn Complex
THE SATURN COMPLEX --DIP LINE DATUMED ON HALF SEAFLOOR (PSEUDO-DEPTH PRESENTATION) WEST EAST Water compensated Time Domain 2D seismic THICK SATURN SHALE TOP SUPERFAN SEAL INDEPENDENT CLOSURE HIGH AMPLITUDE DOWNLAP SHALE‐ON‐SHALE TOP SEAL RESERVOIR MATURE SOURCE ‐‐‐‐‐‐‐‐‐‐ THICK SHALE BOTTOM SEAL & M
Slide 15: Saturn Turbidite – Migration Focus
SATURN TURBIDITE – MIGRATION FOCUS Depth Structure Map Mid Aptian Unconformity (Base of Saturn Fan / Top of LOW Source interval) MIGRATION FOCUS (High at Top NO “THIEF” SATURN Saturn Fan) CHANNELS UP‐SLOPE TURBIDITE FROM SATURN COMPLEX ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 20 Km LOW PEL 87 15
Slide 16: Saturn Fan - Component Parts
SATURN FAN- COMPONENT PARTS Lead F Channels at mid Lead A Aptian Mounded Unconformity Facies 289 sq kms LEAD C1 Structural Closure Outline of all 45 sq kms Aptian seismic facies associated LEAD C2 with turbidites Structural Closure 32 sq kms LEAD D Structural / SATURN Stratigraphic FAN CORE Cenomani
Slide 17: Saturn Fan examined by independent expert for Prospective Resources
The Saturn Fan has been examined by Mr Brian Diamond an independent expert in calculating Prospective Hydrocarbon Resources. The potential recoverable oil resources, classified as Prospective Resources, have been estimated probabilistically on an unrisked, Best Estimate basis. The Saturn Fan is inte
Slide 18: Offshore Namibia PEL Recent Exploration
OFFSHORE NAMIBIA PEL 87 RECENT EXPLORATION • Channelised Zone • New Lead J • “Cenomanian Brights” Lead • 3D Planning • Farmout 18 BR7 15 Jun 22 2022
Slide 19: Saturn – Channelised Zone
SATURN – CHANNELISED ZONE This line shows numerous distinct high amplitude bodies encased in the shales and claystones that were intersected in Moosehead 1 19
Slide 20: Channelised Zone
CHANNELISED ZONE Two distinct Seismic Facies N S Mounded Facies Channelised Facies The light green polygon on the map is the outline of the Channelised Zone – the magenta is the Mounded Facies 20
Slide 21: Channelised Zone Implications for Hydrocarbon Exploration
CHANNELISED ZONE IMPLICATIONS FOR HYDROCARBON EXPLORATION • The Channelised Zone within Saturn shows narrow high-amplitude events which may represent cross-sections of curvilinear channel sand bodies • Channelised Facies are important hydrocarbon traps worldwide • In PEL 87 the seismic data quality
Slide 22: Lead J Channel
LEAD J CHANNEL • Lead J is mapped as a “hose over a nose”, with a large midway structural culmination • The channel is near-linear and parallel to the primary direction of sediment transport • The channel always has high amplitudes and continuous parallel reflectors • The channel has an area of abou
Slide 23: Lead J Channel
Seismic Section Lead J Channel LEAD J CHANNEL (Green) Composite Seismic Section Datumed on Half Seafloor to Simulate Pseudo- PEL 87 depth Saturn Core Area (Red) Possible Structural Rollover Lead J Channel 23
Slide 24: The Lead J Channel
THE LEAD J CHANNEL The Lead J Channel immediately overlies the Mid Aptian Unconformity. A possible structural closure may occur midway down the channel. Because of the linear nature of the channel this feature is often called a ‘hose over a nose’. Possible Structural Rollover Depth Structure Map – M
Slide 25: Amplitude Versus Offset Study Supports Reservoir Potential in Saturn
AMPLITUDE VERSUS OFFSET STUDY SUPPORTS RESERVOIR POTENTIAL IN SATURN • AVO stands for Amplitude vs Offset. Offset is the distance between the seismic source and the seismic receivers. Increasing amplitude from the near to far offsets suggests (but not proves) that the reservoir may be present and co
Slide 26: Lead J - Near vs Far
PANCONTINENTAL LEAD J - NEAR VS FAR Coho pea f Sees sale ——~ saes POW anes ale }onesopan | a ee 26
Slide 27: Cenomanian Brights
“CENOMANIAN BRIGHTS” The “Cenomanian Brights” were early recognised by Pancontinental as a hydrocarbon play. Shell’s Graff-1 discovery has raised the level of their importance as a possible hydrocarbon resource in PEL 87. Scoping map of Cenomanian Brights play in PEL 87 27
Slide 28: Cenomanian Brights
“CENOMANIAN BRIGHTS” N N S The “Cenomanian Brights” may be a tuning effect but this does not explain why they occur in the same vicinity on several 2D lines S 28
Slide 29: Cenomanian Brights
“CENOMANIAN BRIGHTS” • The geological nature of the Cenomanian Brights is, so far, unknown • The Graff-1 hydrocarbon discovery is at the same stratigraphic level, giving encouragement for exploration of the Cenomanian Brights as a potential hydrocarbon zone • The Cenomanian Brights will be mapped in
Slide 30: Planned New 3D Seismic Over Saturn
PLANNED NEW 3D SEISMIC OVER SATURN PEL 87 Planned 3D PEL 87 • Approx 5,500 sqkm survey • Cost to acquire and process this is circa US$ 25 -30 Million • 50 days acquisition • Time frame for acquisition commencement- early January 2023? VENUS Oil Discovery GRAFF Oil & Gas KUDU Gas Field Discovery 30
Slide 31: Queensland Cooper-Eromanga Basin Meeba Project
QUEENSLAND COOPER-EROMANGA BASIN MEEBA PROJECT 31 BR7 15 Jun 22 2022
Slide 32: Meeba Project - ATP 920 & ATP 924 [Ace Area]
MEEBA PROJECT- ATP 920 & ATP 924 [ACE AREA] QUEENSLAND, AUSTRALIA COOPER-EROMANGA BASIN The Company farmed in to the Meeba Project, Onshore Queensland in 2019. Entry into the two Authorities to Prospect – 920 and the Ace Area of 924 provides Pancontinental diversity in its portfolio of exploration a
Slide 33: Pancontinental Energy NL Head Office
PANCONTINENTAL ENERGY NL Head Office – Level 2, 30 Richardson Street, West Perth, Western Australia 6005 Postal Address - PO Box 1154, West Perth, Western Australia 6872 Telephone +61 8 6363 7090 Facsimile +61 8 6363 7099 ACN 003 029 543 www.pancon.com.au 33
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