Central Petroleum Limited · ASX:CTP
Central Petroleum — Proactive Investors Seminar May 2010
21 slides from Central Petroleum's conference presentation, May 19, 2010
Slide 1: ASX Announcement
ASX ANNOUNCEMENT ASX CODE: CTP 19 May 2010 TO: The Manager, Company Announcements ASX Limited CONTACT: John Heugh +61 8 9474 1444 PROACTIVE INVESTOR SERIES PRESENTATION SYDNEY 19 MAY 1730 MARRIOTT HOTEL PITT STREET Central Petroleum Limited (ASX: “CTP”, “Central” or “the Company”) is pleased to rele
Slide 2: Central Petroleum Limited Proactive Investors Seminar May 2010
CENTRAL PETROLEUM LIMITED Proactive Investors Seminar May 2010 Does not reflect necessarily in whole or in part the views of PXA, QGC, or the BG Group, Trident Energy Limited, He Nuclear Limited, Red Sky Energy Limited or the current Joint Ventures with them
Slide 3: Disclaimer
Disclaimer The presentation has been summarised from various reports including, “CBM Potential of the Pedirka Basin” by Mulready Consultants, “Pre-feasibility Study for a 10,000 bbl/day FT GTL Plant in Central Australia”, and ” Appraisal of GTL Development Option for Potential CBM Resources of the P
Slide 4: Ooraminna Site Works Complete, Spudding before end May 2010
Ooraminna 2 (2 TCFG) Site Works Complete Spudding before end May 2010
Slide 5: Central Petroleum Overview
Central Petroleum Overview • Central Petroleum Limited (“CTP”) is a Perth based oil & gas exploration company with assets located in Central Australia. • Listed early 2006, current capitalisation c.$60 million @ 7.0 cps, net cash backing 5 cps, 900 million shares, 450 million options. • CTP is a hig
Slide 6: Robust 2009-2010 Programme
Robust 2009-2010 Programme Phase One 2009 commenced December 2009 : CSG drilling and seismic - 5 fully cored CSG wells- (Pedirka Basin) - 2 to go, now 4 wells confirming over 100m net coal - GoreTM survey Johnstone, NW Mereenie - 2/3 complete -1,350 line km (Amadeus and Pedirka Basins) - 1/2 complet
Slide 7: Key Programme Highlights 2010
Key Programme Highlights 2010 Subject to various contingencies including discovery success or otherwise EVENT START FINISH TARGET COMMENT Independent estimates of 34-70 CBM 107-002 30th April 31st May Coal Seam Gas Trillion cubic feet CSG, over 1 UCG potential trillion tonnes coal above 1,000m-petro
Slide 8: Amadeus and Pedirka Basins prospects available 2010 volumetrics
Amadeus and Pedirka Basins -prospects available 2010-volumetrics Gas Volumetrics Bcf Oil Volumetrics MMBBls Risked Risked UGIIP* COS % Mean Permit UOIIP* COS % Mean Permit Mean Mean West Johnstone 500 22 35 8 EP-115 Surprise 720 33 386 127 EP-115 Stuart 1814 24 456 109 EP-115 Nw Mer. Sub 974 26 196
Slide 9: Notional Estimate Discovery Impact 2010
Notional Estimate Discovery Impact 2010 PROSPECT UGIIP A$milion Undiluted Fully Diluted UOIIP “high” NPV Per share A$ Per share A$ Magee 2.0 TCFG 700 0.77 0.49 Johnstone West 500 MMbbls 1,125 1.25 0.80 Magee 800 BCFG 280 0.31 0.20 15 BCF Helium 300 0.33 0.21 • First 3 prioritised 2010 prospects “hig
Slide 10: Central's interests
Central’s interests Unconventional Shale Gas & Oil (Permits & applicattions)
Slide 11: Amadeus Sections - Gillen Member salt seal
Amadeus Sections-pervasive Gillen Member -efficient salt seal to trap hydrocarbons & Helium
Slide 12: Ooraminna-2
Ooraminna - 2 Ooraminna 1 Ooraminna 2 1963 Up to 2TCF (UGIIP) Near Top Deviated wellbore Julie Fmt targeting fractures 250m vertical closure Near Top Pioneer Sandstone TWT Surface
Slide 13: Johnstone-1
Johnstone - 1 Proposed Johnstone 1 500MMbbls (UOIIP) Johnstone Thrust 250m vertical closure Near top Pacoota Sandstone TWT Surface
Slide 14: Magee-2
Magee - 2 Proposed Magee 1 Magee 2 1992, 6m 800BCF Heavitree (UGIIP) 15 BCF He 6.3% He (UGIIP) Mt Charlotte 1 (did not reach Heavitree) Up to 200m Magee Thrust Targeting thicker Heavitree Helium Grade A 99.99% liquid $120-145 USD/MCFG -bulk wholesale, escalating 8% pa
Slide 15: Mt Kitty sub-salt gas-condensate-He
Mt Kitty-subsalt-gas-condensate-He Target horizon c. 430 km2 aerial closure, 1,000m max vertical closure prospective recoverable resources 1.7 TCFG, 105 BCF Helium, 2100m TD Possibly the biggest undrilled seismically defined structure onshore Australia
Slide 16: CBM Pedirka Basin Coal Beds 50km section
CBM Pedirka Basin Coal Beds 50km section 140m coal 160m coal Seams to 30m Seams to 40m
Slide 17: Coal-CSG-UCG-GTL pre 2009/10 drilling, possible upgrades
Coal-CSG-UCG-GTL -pre 2009/10 drilling, possible upgrades Petroleum Tenements* Low High Billion tonnes Billion tonnes Tonnes coal above 1000m contour 1,110 1,385 Tonnes coal below 1000m contour 690 865 1,800 2,250 Mineral Tenements* Billion tonnes Billion tonnes Tonnes coal above 1000m contour 635 7
Slide 18: Coal/CSG Wells 2010
— (eC DADE). a = Sa z 7 el smite ; iN I S 2 Location 2 Map a i i | x —_[Well [Northing _ [Easting e L ie >| CBM93003 | _7,232,574.07| 631,913.03} __ $ 5 y BM93004 | 7,249,21226| 585,855.44}. \ ‘sl met: — + + < cc NCO ANE CBM93002 7,195,927 | 543,538 . ) al CBM10700° 7,212,352| 569,860.92] -s/mes = a
Slide 19: US$ per Barrel GTL Products
CBM Feedstock A$2.50/GJ Notional generic pre- Notional pre-feasibility feasibility independently independently derived, derived, not a financial Central 20,000 bpd GTL Plant not a financial forecast forecast Producer-owned gas field and Fischer-Tropsch GTL plant (Feedstock at US$2.00 /mscf) 160 GTL
Slide 20: Proposed Development Path
Proposed Development Path • Oil (6-12 months) and low volume Helium (18-24 months) discovery and development for early cash flow • Potential for mini-LNG plants for transport fuel from gas discoveries (12-24 months) • Discovery and development of “big” gas – CSG/UCG Pedirka, non conventional reservo
Slide 21: Central Petroleum Limited Revitalising Australia's Hydrocarbon Centre
Central Petroleum Limited Revitalising Australia’s Revitalising Australia’s Hydrocarbon Hydrocarbon Centre Centre Central Petroleum Limited MD John Heugh +61(0) 8 9474 1444 johnheugh@centralpetroleum.com.au MD John Heugh +61 8 9474 1444 johnheugh@centralpetroleum.com.au www.centralpetroleum.com.au
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