Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Good Oil Conference 2007
17 slides from Carnarvon Energy's conference presentation, Sep 6, 2007
Slide 1: Production and Exploration - Onshore Thailand
Good Oil Conference 5 September 2007 For personal use only Production and Exploration - Onshore Thailand Carnarvon Petroleum Limited This presentation contains references to assumptions, representations, estimates, budgets and forecast outcomes that are uncertain by the nature of the business and no
Slide 2: Key Assets
KEY ASSETS THAILAND Permit Thailand permits Net 40% interest in Phetchabun Basin For personal use only Application Carnarvon 40% Carnarvon 50% 2 Large Onshore Exploration Concessions 8,000 square kms total area 4 Producing Oil Fields Wichian Buri EP 110 & EP 424 Si Thep Carnarvon 35% N
Slide 3: Location - Thailand Permits
LOCATION - THAILAND PERMITS SIRIKIT OIL For personal use only FIELD L33/43 Application GAS PIPELINE L20/50 RAILWAY HIGHWAY COASTLINE L44/43 L33/43 L20/50 4 producing oil fields Oil trucked to BANGKOK Bangkok refinery 3 hr drive Supportive Government and favourable fiscal regime - Thailand needs oil
Slide 4: Structure and Management
STRUCTURE AND MANAGEMENT For personal use only Capital Structure Chairman Peter Leonhardt Shares on issue (ASX : CVN) 657.5 million CEO Ted Jacobson Options on issue (7 & 10c) 25 million Market Capitalisation: $116 million Company Secretary Bob Anderson (fully diluted) Cash on hand $8.9 million Non
Slide 5: Share Price Performance
SHARE PRICE PERFORMANCE CVN Share Price from 1 July 2005 For personal use only $0.30 35,000,000 Significant O&G shows 30,000,000 $0.25 reported through the Success at POE-6 entire L44-G well Completion of 3D seismic at exploration well Wichian Buri 25,000,000 $0.20 NS-4 discovery - flows at 950 bopd
Slide 6: Carnarvon Petroleum Operational Review
CARNARVON PETROLEUM For personal use only OPERATIONAL REVIEW
Slide 7: 2006 Programme
2006 PROGRAMME Phase 1: POE Wells Phase 1 Drilling July 2006 - Dec 2006 For personal use only Clastics POE-2: Producing at 30 bopd L33/43 POE-1: P & A – Fish in hole L44/43 Wichian Buri Oil Field POE-8: Shut-in – Low rate Bo Rang POE-6: Producing at 35 bopd Gas Field POE-3: Producing at 50
Slide 8: 2007/8 Programme: Phase 2 Appraisal
2007/8 PROGRAMME Phase 2: Appraisal For personal use only Phase 2 Drilling Commenced April 2007 Currently Ongoing L33/43 Volcanics L44/43 Wichian Buri Oil Field L33-D: Well test failed Bo Rang NS-3: Shut-in – Low rate Gas Field NS-4: Producing at ~300 bopd on choke from 1 of 4 intervals (peak
Slide 9: 2007/8 Programme: Forward Programme
2007/8 PROGRAMME Forward programme For personal use only Phase 2 Drilling Upcoming wells Volcanics L33/43 NS5-D1: Na Sanun East Appraisal Wichian Buri L44/43 Oil Field NS2-D1: Na Sanun East Appraisal Bo Rang Gas Field NS6-D1: Na Sanun East Appraisal NS8-D1: Na Sanun East Appraisal L44-C: W
Slide 10: 2007/8 Programme: Final Wells
2007/8 PROGRAMME Forward programme For personal use only Phase 2 Drilling Final wells Previous slides outline L33/43 anticipated first half of programme Wichian Buri L44/43 Oil Field Appraisal/exploration programme Bo Rang will go through to mid 2008 Gas Field Completion of around 16 wells env
Slide 11: 2007/8 Programme: Impact
2007/8 PROGRAMME Impact Gross Production Rate - Carnarvon 40% For personal use only Phetchabun Basin Production Sept 2006 around 100 bopd 1600 Workover original wells NS-4 rates varied due to 06/07 Volcanics 06/07 Clastics ongoing well test programme Add 50 bopd 1400 Historical Developments NS
Slide 12: New Permit Application: Growth Potential in Thailand
NEW PERMIT APPLICATION GROWTH POTENTIAL IN THAILAND For personal use only Applied for a new concession 50% onshore Thailand Application Sole bidding group L20/50 L33/43 CVN 40% CVN Operator CVN 50% Southeast and on trend of large Sirikit Oil Field Sirikit Sirikit produced over 150 million
Slide 13: Thailand - Large Permits
THAILAND - LARGE PERMITS compared to NWS Western Australia For personal use only Thailand concessions very large L33/43 compared to & NWS L44/43 Thailand Application
Slide 14: Phetchabun Basin
PHETCHABUN BASIN Multiple play types For personal use only Wichian Buri Fm. Wichian Buri sandstones Fm. in rollover sandstones in rollover anticline anticline Proven at Wichian Proven atBuri Wichian Buri and Si Thep Approx. Bo Rang-1 Si Thep-1 Wichian Buri-1 Na Sanun-1 POE-9 depth (m) Chaliang Lab F
Slide 15: Extensive Fracture Systems
EXTENSIVE FRACTURE SYSTEMS For personal use only Fracturing identified as lost circulation while drilling Drilling fluid/mud disappears into fractures Little mud returns on flow testing Indicates extensive fracture system Fractures Very large fractures present Drill bit dropped 1 metre o
Slide 16: Na Sanun East Oil Field
NA SANUN EAST OIL FIELD Significant structure Reserve Increase Impending For personal use only Reserves are yet to be calculated for L44G-D1 fractured volcanic play L44-G No core data yet – cutting core on current well L44-H No oil water contact – significant L44-H column Na Sanun East struc
Slide 17: Summary: Poised for More Success
SUMMARY POISED FOR MORE SUCCESS For personal use only Extensive drill programme - 15 wells already drilled 2006/2007 2 rigs + workover rig on long term contracts – at least 30 more wells planned 2007/2008 Lots of structures to drill – concessions cover ~ 8,000 sq kms Proven oily system Est