Central Petroleum Limited · ASX:CTP

Central Petroleum — CPSA Presentation (Central Petroleum Shareholders Association) 18-20 November 2013

19 slides from Central Petroleum's conference presentation, Nov 19, 2013

  1. Slide 1: Latest Company Presentation (ASX announcement)

    ASX ANNOUNCEMENT & MEDIA RELEASE ASX CODE: CTP 19 November 2013 For personal use only LATEST COMPANY PRESENTATION Central Petroleum Limited (ASX: CTP) (“Company” or “Central”) attaches its latest company presentation. Central corrects slide 9 of the presentation released 18 November 2013 that the Co

  2. Slide 2: Central Petroleum: A Year of Progress

    For personal use only CENTRAL PETROLEUM “Letting the Rocks Speak” A Year of Progress CPSA Presentation (Central Petroleum Shareholders Association) 18 – 20 November 2013

  3. Slide 3: Disclaimer

    Disclaimer For personal use only 1.This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc

  4. Slide 4: Company Overview

    COMPANY OVERVIEW For personal use only DIRECTORS Andy Whittle BSc (Hons) Appointed April 2012 Wrix Gasteen BE (Hons), MBA (Dist.) Appointed June 2012 Mike Herrington BSc (Engineering) Appointed June 2012 William Dunmore BSc, MSc Appointed April 2005 Richard Cottee BA/LLB (Hons) Appointed June 2012 M

  5. Slide 5: CTP Acreage

    For personal use only 3 CTP ACREAGE

  6. Slide 6: Key Tenement Facts

    KEY TENEMENT FACTS For personal use only TOTAL ACREAGE 254,811 km2 Granted Blocks 113,303 km2 Application Blocks 141,508 km2 Of which 100% Owned 130,714 km2 Subject to Joint Venture 124,097 km2 Total 254, 811km2  If both Farm‐ins proceed to Stage 3 then CTP will have 168,000km2 of equity accounted

  7. Slide 7: Key Financial Indicators

    KEY FINANCIAL INDICATORS = The Answer is 65 (Not 42) For personal use only NETT CASH BURN – 65% IMPROVEMENT G&A and Employee costs (net spend) Unaudited Qtr Dec'12 Qtr Mar'13 Qtr Jun'13 Qtr Sept'13 Total G&A and Employee (net costs) unaudited 2,495,050 1,701,254 1,433,027 1,113,102 RETURN ON ASSETS

  8. Slide 8: Market Benchmarks

    MARKET BENCHMARKS For personal use only S&P ASX100 (XTO) S&P/ASX 200 RESOURCES (XJR) ASX-CTP 6

  9. Slide 9: Market Benchmarks

    MARKET BENCHMARKS For personal use only S&P ASX100 (XTO) S&P/ASX 200 RESOURCES (XJR) S&P ASX200 (XEJ) Crude Oil (LON:OILB) is ETFS OIL SECURITIES LIMITED ETFS BRENT OIL 7

  10. Slide 10: Market Benchmarks

    MARKET BENCHMARKS For personal use only S&P ASX100 (XTO) ASX-CTP 8

  11. Slide 11: Surprise Development Plan

    SURPRISE DEVELOPMENT PLAN For personal use only 1. Petroleum Licence ‐ All NT Government Approvals in Place ‐ Conceptual Agreement with Traditional Owners ‐ Expect Licence in December 2. Surprise West ‐ 4,100bbls tank bought (3,500bbls usable) ‐ Work over crane contracted ‐ All other equipment (pipe

  12. Slide 12: Amadeus Basin JVs – Santos, Central

    AMADEUS BASIN JVs – SANTOS, CENTRAL For personal use only Summary Operated by SANTOS NW Mereenie area (EP 115) Southern Amadeus JV area Phase 1 of farm‐in, $30 million – 2D seismic – Drill Mt Kitty NW Mereenie 327 kms 2D seismic acquisition 100% completed at 23/08/2013 Processing results anti

  13. Slide 13: Southern Amadeus JV – Santos, Central

    SOUTHERN AMADEUS JV – SANTOS, CENTRAL For personal use only  Mt Kitty 1 – Top hole complete – Target section, Q1 2014 – Anticipated total depth ~2000mKB 11

  14. Slide 14: South Georgina Basin JV – CTP, Total

    SOUTH GEORGINA BASIN JV – CTP, TOTAL For personal use only Summary Operated by Central Petroleum Phase 1 of farm‐in, $60 million – 2D seismic – Wells Progress 984 kms 2D seismic acquisition 100% completed at 13/10/2013 Processing results anticipated Q1 2014 12

  15. Slide 15: Mt Kitty Well Summary

    MT KITTY WELL SUMMARY For personal use only  Drilling part of Southern Amadeus Joint Venture  SANTOS is Operator  Drilling Scheduled for 1st Quarter next year – top hole drilled  Target is a large structure to confirm Natural Gas & Helium  Helium is valuable as we believe Magee results are the

  16. Slide 16: Catalyst for ASX Listed Options

    CATALYST FOR ASX LISTED OPTIONS For personal use only • Mt Kitty Exploration Well • Surprise West • Exploration Results from Seismic • Surprise East Exploration Well • 4‐6 wells in Southern Georgina Programme commences 14

  17. Slide 17: AGM Resolutions

    AGM RESOLUTIONS For personal use only 1. Re‐Elect Directors ‐ Andy Whittle and Wrix Gasteen are independent ‐ Board Stability essential after turmoil 2. Increase in Directors ‐ Ideal Board is 5‐7 Directors (odd number) ‐ Majority Independent ‐ In transition from Exploration to Production ‐ Transitio

  18. Slide 18: AGM Resolutions (Continued)

    AGM RESOLUTIONS (Continued…) For personal use only 4. Remuneration Report  Managing Director & Directors are paid at or below median  Shareholders last year approved an option incentive package as part of the restructuring  Options in 3 tranches vesting on a 66% increase in share price with 2 fur

  19. Slide 19: Contact Details

    Contact Details For personal use only Central Petroleum Limited 56‐58 Jephson St.,Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 17

Central Petroleum — CPSA Presentation (Central Petroleum Shareholders Association) 18-20 November 2013 on 6ix