Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2019)
16 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 28, 2019
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 28 November 2019 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: Disclaimer continued
Disclaimer continued The resources referred to in this presentation were announced on 11 September 2018 (PEL 87), 14 July 2019 (ATP 920 & ATP 924 conventional gas prospective resources) and 30 October 2019 (ATP 920 & ATP 924 oil prospective resources) . The estimated quantities of petroleum that may
Slide 4: Where is Pancontinental going?
WHERE IS PANCONTINENTAL GOING? “TWO PRONGED” BUSINESS STRATEGY AFRICAN PROJECTS AUSTRALIAN PROJECTS • Very large commercial oil potential • Good oil potential and • Successfully “Mixing – it” with the Majors • High levels of activity, Modest costs • Longer lead-times to drilling and success • Short
Slide 5: Pancontinental Corporate Snapshot
PANCONTINENTAL CORPORATE SNAPSHOT CORPORATE OVERVIEW DIRECTORS Issued Share Capital 5.41 billion shares HD Kennedy Non-Executive Chairman Options 422 million options EA Myers Executive Director, CEO Share Price 0.2 cents** V Petrovic Executive Director, Sec Market cap A$10.8 million**
Slide 6: Pancontinental's Projects
PANCONTINENTAL’S PROJECTS KENYA L6 Offshore / Onshore PCL Block Partner Operator Suspended due to % local issues Namibia 75% Custos 15% PCL PEL 87 Namcor 10% Namibia 20% Tullow 35% Tullow PEL 37 ONGC Videsh 30% Africa Energy 10% Paragon 5% Kenya L6 40% FAR 60% FAR Australia 20% Key Petroleum 80% KEY
Slide 7: Pancontinental enters two Cooper Basin projects ATP 920 & ATP 924 onshore
PANCONTINENTAL ENTERS TWO COOPER BASIN PROJECTS ATP 920 & ATP 924 onshore Queensland ATP 920 Pancontinental 20% • Total farmin area covering 4,557 km2. • Conventional trends prospective for oil and gas Inland Oil • Initial drilling focused on the oil prone acreage Field • Operator is Key Petroleum C
Slide 8: Ace Project - ATP 924
ACE PROJECT- ATP 924 • Drilling 2020 • Pancontinental earning 25% SECTION 1 8
Slide 9: Prospective Resource Estimates
PROSPECTIVE RESOURCE ESTIMATES Cautionary Statement: The estimates quoted here were announced to the ASX on 14 July 2019 (ATP 920 & ATP 924 conventional gas prospective resources) and 30 October 2019 (ATP 920 & ATP 924 oil prospective resources) by Operator Key Petroleum Limited. The prospective res
Slide 10: Pancontinental Offshore Namibia
PANCONTINENTAL OFFSHORE NAMIBIA* The largest net acreage holder in the exciting Orange Basin 10 * finnCap Energy quarterly sector note Q4 2019
Slide 11: Strategically placed in two exploration hotspots offshore Namibia
PANCONTINENTAL STRATEGICALLY PLACED IN TWO EXPLORATION HOTSPOTS OFFSHORE NAMIBIA PEL 37 Walvis Basin PANCONTINENTAL 20% Walvis - PEL 82 Exxon-Mobil Farmin 2018 DRILLING ? 2020 Orange - PEL 83 Exxon-Mobil Farmin Walvis - PEL 44 2018 M&P + Exxon- Mobil DRILLING ? 2021 Farmin 2018 DRILLING 2020 PEL 87
Slide 12: Pancontinental Offshore Namibia
PANCONTINENTAL OFFSHORE NAMIBIA* “TOTAL is set to drill the massive Venus prospect in the Orange basin in H1 and Maurel & Prom is also expected to drill a well on PEL 44 in the Walvis basin. Two more wells also look likely in 2021, from Shell/Kosmos on PEL 39 in the Orange basin and Galp/ExxonMobil
Slide 13: Variety of other prospects in PEL 37
VARIETY OF OTHER PROSPECTS IN PEL 37 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 other GANNET N major Turbi
Slide 14: True world class oil potential - Saturn Superfan PEL 87
TRUE WORLD CLASS OIL POTENTIAL–“SATURN SUPERFAN PEL 87” FULL OIL MATURITY – TOP KUDU SHALE c. 280m Thick * 2,400 Km2, c 300m thick * Turbidite Complex * Directly on Mature Oil Source * High Quality Seals ISOPACH MAP‐ * Independent Closures ALMOST 300m OF * Pancontinental 75%, Operator TURBIDITE BUIL
Slide 15: How much oil could Saturn contain?
HOW MUCH OIL COULD SATURN CONTAIN? PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL)* INDIVIDUAL LEADS PEL 87 Prospective Resources Lead Gross Prospective Resources Pancontinental Net Entitlement 1 Name GPoS MMbbls MMbbls P90 P50 Mean P10 P90 P50 Mean P10 Lead A 39 152 224 549 28 108 160 391 11% Lead C1 2
Slide 16: Pancontinental Oil & Gas NL
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 16
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