Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2018)
21 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 30, 2018
Slide 1: AGM Presentation 30 November 2018
For personal use only International Oil Exploration AGM PRESENTATION 30 November 2018 BR3 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 CORPORATE OVERVIEW ➢ Issued Share Capital 5.41 billion shares For personal use only ➢ Options 422 million options ➢ Share Price 0.2 cents** ➢ Market cap A$10.8 million** ➢ Cash c. A$5 million ➢ Convertible Notes* A$1.6 million *Exercisable @ $0.008 ** At close of AS
Slide 4: Pancontinental's Commercial Aims
PANCONTINENTAL’S COMMERCIAL AIMS In Africa Pancontinental mixes with the big players- • For personal use only Created projects with farminees and JV partners- Woodside (3 projects), Origin, Anadarko, Apache, Tullow (twice), ONGC Videsh, AEC / Lundin, PTTEP (Thailand) etc…… • Found the first ever Oil
Slide 5: Pancontinental's Projects
PANCONTINENTAL’S PROJECTS KENYA L6 Offshore / Onshore PCL Block Partner Operator % For personal use only Very good oil potential Namibia 75% Custos 15% PCL Suspended due to local EL0087 Namcor 10% issues Namibia 20% Tullow 35% Tullow EL0037 ONGC Videsh 30% Africa Energy 10% Paragon 5% Kenya L6 40% F
Slide 6: Namibia PEL 87 Orange Basin
NAMIBIA PEL 87 ORANGE BASIN * PANCONTINENTAL 75%, OPERATOR * LICENCE COMMENCED 23 January 2018 * HIGH LEVEL OF LOCAL ACTIVITY (SHELL, TOTAL, KOSMOS etc) For personal use only * 10,947 KM2 BLOCK, OFFSHORE ORANGE BASIN * 2,400 KM2 TURBIDITE COMPLEX DIRECTLY ON TOP OF MATURE OIL SOURCE ROCKS PANCONTINE
Slide 7: True World Class Oil Potential in Namibia PEL 87
TRUE WORLD CLASS OIL POTENTIAL IN NAMIBIA PEL 87 *PEL 87 – 10,947 Km2 For personal use only * Saturn Complex- 2,400 Km2 *Basin-floor Turbidite Complex---- ---Directly On top of Mature Oil Source *Stratigraphic Trapping & Independent 4-way Dip Closures PANCONTINENTAL (75%), OPERATOR LEAD F LEAD A Cha
Slide 8: True World Class Oil Potential – Saturn Superfan
TRUE WORLD CLASS OIL POTENTIAL – “SATURN SUPERFAN” FULL OIL MATURITY – TOP KUDU SHALE c. 280m Thick For personal use only *2,400 Km2, c 300m thick *Turbidite Complex * Directly on Mature Oil Source ISOPACH MAP- * High Quality Seals ALMOST 300m OF TURBIDITE BUILD-UP * Independent Closures *Pancontine
Slide 9: How Much Oil Could Saturn Contain?
HOW MUCH OIL COULD SATURN CONTAIN? INDIVIDUAL LEADS PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL)* PEL 87 Prospective Resources Lead Gross Prospective Resources Pancontinental Net Entitlement 1 Name GPoS For personal use only MMbbls MMbbls P90 P50 Mean P10 P90 P50 Mean P10 Lead A 39 152 224 549 28 108
Slide 10: Prospective Oil Resources (Recoverable Oil)
PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL) INDEPENDENT ASSESSMENT The Superfan has been examined by Mr Brian Diamond an independent expert in calculating Prospective Hydrocarbon Resources. For personal use only The potential recoverable oil resources, classified as Prospective Resources, have been
Slide 11: How Big Is the Saturn Superfan?
HOW BIG IS THE SATURN SUPERFAN? THE SATURN SUPERFAN- in 800m water depth 2,400 SQ KM THE FAMOUS JUBILEE FIELD OFFSHORE GHANA For personal use only See Pages 16 & 17 for Prospective (2007) – in 1,100m water Resource Estimates 110 SQ KM (27,000 gross acres)* 3 BILLION BBLS OIL (PROVEN RESERVES)* LEAD
Slide 12: How Big Is the Saturn Superfan?
HOW BIG IS THE SATURN SUPERFAN ? For personal use only - LARGER THAN THE AREA INSIDE LONDON’S M25 & BIGGER THAN AUSTRALIA’S ACT M 25 ------------------- ACT 20Km 12
Slide 13: What Happens Next with Saturn Superfan?
WHAT HAPPENS NEXT WITH SATURN SUPERFAN ? For personal use only PANCONTINENTAL AIMS TO- * ACCELERATE THE EXPLORATION PROGRAMME * FARM OUT * ACQUIRE 3D SEISMIC AND DRILL WITHIN 2 YEARS* *The actual exploration programme will be determined by farmin conditions and other factors (equipment availability
Slide 14: Namibia PEL 37 Walvis Basin
NAMIBIA PEL 37 WALVIS BASIN PANCONTINENTAL 20% PEL 37 – Tullow 35% ONGC Videsh 30% For personal use only AEC / Lundin 10% Paragon 5% NAMIBIA PEL 37 Pancontinental 20% ExxonMobil PEL 82 farmin 2017 ------- ExxonMobil PEL 44 100 Km farmin 2018 -------------- PEL 87 PEL 37 100 Km Pancontinental 75% 14
Slide 15: Cormorant-1 Drilled Sept 2018
CORMORANT -1 DRILLED SEPT 2018 Cormorant-1 was Dry, but gave valuable information for future exploration For personal use only Cormorant Turbidite Fan No Oil Charge into Cormorant Thick Aptian Shale separates Cormorant and Source Rocks ! Oil Source Rocks 15 15
Slide 16: Variety of Other Prospects in PEL 37
VARIETY OF OTHER PROSPECTS IN PEL 37 For personal use only The PEL 37 Joint Venture is looking at the next exploration steps TULLOW (35%), ONGC VIDESH (30%), PANCONTINENTAL (20%), AEC / LUNDIN (10%) , PARAGON (5%) Palaeo Shelf Edge Sediment Input Sediment Input ALBATROSS SEAGULL & Albatross and othe
Slide 17: Australia - The Walyering Project
AUSTRALIA - THE WALYERING PROJECT Woodada • Perth is a thirsty market for Gas ! Field • Walyering-1 flowed conventional gas on discovery up to Warro Field For personal use only 13.5 Mmscfgpd PANCONTINENTAL earning 70% • The largest compartment of the Field has not been drilled – Pancontinental plans
Slide 18: Walyering Gas Field - Top Upper Reservoir Map
WALYERING GAS FIELD- TOP UPPER RESERVOIR MAP For personal use only The central largest compartment of the Walyering Gas Field has not been drilled Pancontinental plans to drill it ! Walyering 1 flowed gas naturally to surface at 13.5 Mmscfgpd 18
Slide 19: Bombora Projects - USA and Perth Basin
BOMBORA PROJECTS- USA and PERTH BASIN Pancontinental participated in the Dempsey and Tulainyo Drilling projects in the USA during the year. For personal use only The projects were part of the asset package acquired with the takeover of Bombora Natural Energy in 2017. Bombora has now been disposed of
Slide 20: Pancontinental's Commercial Aims
For personal use only PANCONTINENTAL’S COMMERCIAL AIMS CREATE ORDERS OF MAGNITUDE VALUE FOR SHAREHOLDERS ! 20
Slide 21: Pancontinental Oil & Gas NL
For personal use only PANCONTINENTAL OIL & GAS NL Head Office – Level 1, 10 Ord 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 21
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