Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Shareholder Meeting (November 2016)
10 slides from Cue Energy Resources's shareholder meeting presentation, Nov 24, 2016
Slide 1: Cue Energy Overview (ASX announcement cover)
ABN 45 066 383 971 24 November 2016 PAGES (including this page): 10 For personal use only CUE ENERGY OVERVIEW ASX Market Announcements Cue is an Australian based oil and ASX Limited gas company with activities in Exchange Centre Australia, New Zealand, Indonesia Level 4, 20 Bridge Street and the USA
Slide 2: Cue Energy Resources Limited Annual General Meeting
For personal use only CUE ENERGY RESOURCES LIMITED Annual General Meeting Bormindo rig 3 contracted for Naga Selatan-2 24th November 2016
Slide 3: Disclaimer & Important Notice
For personal use only DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other importan
Slide 4: Chairman's Address
For personal use only CUE ENERGY RESOURCES LIMITED Chairman’s Address Bormindo rig 3 contracted for Naga Selatan-2 Grant Worner
Slide 5: 2016 Year in Review
2016 Year in Review For personal use only • Production – 24% increase. • Growth – Sampang field life extension. – Maari production & integrity post Growth Project. – Pine Mills. – Drilling of Te Kiri North-1 well. – Drilling of Naga-Seletan-2 well in Mahakim Hilir. – No drilling and no progress in M
Slide 6: A More Focussed Strategy
A More Focussed Strategy Indonesia • Sustainable business operating For personal use only Exploration within its means Mahakam Hilir PSC (Op) Mahato PSC • Disciplined growth • Opportunities that offer step- change returns to shareholders Jakarta office Indonesia Production Sampang PSC New Zealand Pr
Slide 7: Strategy Implementation
Strategy Implementation For personal use only • Sustainable business operating within its means – A$45M revenue and A$15M gross profit from production in FY16. – 40% reduction in overheads and administration costs from A$7.2M to A$4.4M p.a. Subsequently Board fees dropped from $480k to $160k p.a. •
Slide 8: Ironbark Prospect, North West Shelf
Ironbark Prospect, North West Shelf For personal use only • Cue estimates Ironbark has 15Tcf prospective recoverable gas resource • Drilling required by first half 2018 • Significant size and preferential location for LNG backfill Ironbark 15Tcf prospective ~300m water depth 400km2 structure 50km to
Slide 9: Investor Highlights
Investor Highlights For personal use only • Oil and gas production generating positive cashflows – 500bpd (Cue share) oil from offshore NZ – 10mmcf/d (1,500 boepd Cue share) gas from offshore Indonesia – A$45M revenue in FY2016 • Near-term organic growth opportunities – Multi-year field life extensi
Slide 10: For personal use only
For personal use only Level 19, 357 Collins Street, Melbourne VICTORIA – AUSTRALIA 3000 P. (+61) 3 8610 4000 F. (+61) 3 9614 2142 E. mail@cuenrg.com.au W. www.cuenrg.com.au
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