Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Good Oil Conference 2017
13 slides from Cue Energy Resources's conference presentation, Sep 13, 2017
Slide 1: Cue Energy Resources - Good Oil Conference
CUE ENERGY RESOURCES LIMITED For personal use only ASX:CUE Ironbark‐1 Good Oil Conference Perth 13th September 2017
Slide 2: Disclaimer and Important Notice
Disclaimer and Important Notice This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Cue Energy Resources Limited(ASX: CUE). The material provided does not constitute an invitation, solicitation, recommendation or a
Slide 3: Cue Strategy
Cue Strategy For personal use only A sustainable business Delivering disciplined growth Pursuing step change return opportunities Capital Structure Major Shareholders Ordinary Shares (ASX:CUE) 698, 119,720 New Zealand Oil and Gas Offshore Ltd 50.04% Market Capitalisation (at $0.063 11/9/2017) $44m S
Slide 4: Production and Exploration Operations
Production and Exploration Operations Indonesia For personal use only Exploration Mahakam Hilir PSC (Op) Mahato PSC Jakarta office Indonesia Production Sampang PSC New Zealand Production PMP 38160 (Maari) Australia Melbourne Head Office Exploration WA-359-P (Op) WA-409-P WA-389-P (Op) 4
Slide 5: Maintaining a Sustainable Business
Maintaining a Sustainable Business For personal use only Stable Revenue • $35 million FY2017 revenue • ~1600 boepd FY2017 average production • Diversified revenue with fixed price gas and Brent linked oil sales Reduction of Non-core Assets • New Zealand exploration withdrawal • USA Pine Mills asset
Slide 6: Disciplined Production Growth - Maari, New Zealand
Disciplined Production Growth Maari, New Zealand FY2017 Production Average ~420 bopd For personal use only Incremental Production Increases Planned • Low cost workovers of existing wells • Wellhead Platform (WHP) compression installation to reduce production pressure • Sidetrack drilling from WHP be
Slide 7: Disciplined Production Growth - Sampang PSC, Indonesia
Disciplined Production Growth Sampang PSC, Indonesia FY2017 Gas Production Average ~6.5mmcfd For personal use only Sampang Field Life Extension • High cost oil production ceased June 2017 • Oyong conversion to gas only production to be complete by December • Onshore compression installation at Grati
Slide 8: Disciplined Exploration Growth - Mahakam Hilir PSC
Disciplined Exploration Growth Mahakam Hilir PSC, Indonesia • Appraisal drilling opportunity under review For personal use only • Gravity gradiometery survey imaged the Pelarang anticline with unprecedented precision compared to existing seismic • A low gravity anomaly was recognised along the axis
Slide 9: Disciplined Exploration Growth - Mahato PSC
Disciplined Exploration Growth Mahato PSC, Indonesia • High potential permit in Central Sumatra For personal use only • Multi-billion barrel area, underexplored for 5-20 million barrel opportunities • Drill ready prospect near Chevron Petapahan field • Low cost development with existing commercialis
Slide 10: Step Change Value Opportunity - Ironbark Prospect
Step Change Value Opportunity Ironbark Prospect, Western Australia • 400km2 Deep Mungaroo prospect covering For personal use only permits WA-359-P and WA-409-P • 15Tcf prospective recoverable gas resource • 50km from North West Shelf LNG infrastructure with spare capacity from early 2020s • BP deals
Slide 11: Step Change Value Opportunity - Ironbark
Step Change Value Opportunity Ironbark • Ironbark reservoirs correlate to gas producing reservoirs at Gorgon For personal use only • World class reservoirs not tested in the WA-359-P/WA-409-P area • Thick, regional seal separates Ironbark target reservoirs from shallower, water wet sands • Reservoir
Slide 12: Investment Highlights
For personal use only Investment Highlights Sustainable Business • Stable, diversified revenue • Lower cost focus Delivering Disciplined Growth • Maari low cost incremental production • Sampang field life extension and Paus exploration • Mahakam Hilir and Mahato potential wells Pursuing Step-change
Slide 13: For personal use only
For personal use only Level 3, 10 Queen 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