Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Investor Presentation (July 2015)
22 slides from Carnarvon Energy's investor presentation, Jul 28, 2015
Slide 1: Corporate presentation July 2015
For personal use only ASX: CVN Corporate presentation July 2015
Slide 2: Disclaimer
Disclaimer The Resource estimates outlined in this report were reviewed by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga has over 20 years’ experience in petroleum exploration and For personal use only engineering. Mr Huizenga hold
Slide 3: Snapshot
Snapshot For personal use only Technically-driven North West Shelf focused business (Western Australia) Oil discovery in 2014; US$70 million (gross) carried well drilling in Q4, CY2015; aggregate independent best estimate 104 mmbbl resource (gross) Fiscal strength with ~A$120 million liquid assets u
Slide 4: Growth options and cash backed
Growth options and cash backed For personal use only 4 4
Slide 5: Corporate overview
Corporate overview For personal use only Retail weighted shareholder base ASX-listed shares (CVN:AU) 994m ASX-listed options (CVNO:AU) 48m 7% 11% Share price A$0.11 Market capitalisation A$110m 82% Net cash A$97m Liquid asset (cash flow ~US$3m p.a.) A$23m Directors and staff Institutional investors
Slide 6: Carnarvon Petroleum NWS position
For personal use only Carnarvon Petroleum NWS position 6
Slide 7: Focus: in the NWS
Focus: in the NWS For personal use only Appeal of the NWS • Prolific oil and gas region • CVN technical knowledge • Opportunities in underexplored areas and play types Cerberus Phoenix Phoenix & project project Phoenix Sth • Value proposition with competitive fiscal ~3,100km2 ~22,000km2 discoveries
Slide 8: Phoenix Project: New oil province
For personal use only Phoenix Project New oil province 8
Slide 9: Phoenix: first 3D data over 1980 discovery
Phoenix: first 3D data over 1980 discovery For personal use only Image of the Phoenix MC3D seismic data covering ~1,100km2, within the 22,000km2 total acreage held by CVN and partners 2009 - CVN and partner acquire interest in the acreage in Government bid process Phoenix-1 well 2011 - CVN and partn
Slide 10: Phoenix: mmbbl aggregate best estimate resource
Phoenix: 104 mmbbl aggregate best estimate resource* For personal use only Independent assessment Resources* Phoenix-1 well Roc-1 well – Q4, CY2015 (by DeGloyer & MacNaughton) (gross mmbbls) Phoenix South-1 well Low Best High Phoenix 3 9 28 Contingent resources Phoenix South 6 19 56 Contingent resou
Slide 11: Phoenix: CVN acreage covers the basin
Phoenix: CVN acreage covers the basin For personal use only Roc-1 Phoenix Sth-1 Phoenix-1 A proposed oil discovery discovery Bandy A’ Keraudren-1 (2015) (2014) (1980) Lead E N (1974) good reservoir, no closure A’ A’ oil source Roc-1 well up dip and along spill chain from Phoenix South-1 and Phoenix-
Slide 12: Phoenix: additional data acquisition in progress
Phoenix: additional data acquisition in progress For personal use only • The initial Phoenix MC3D WA-436-P CVN: 30% covered ~5% of acreage WA-435-P CVN: 20% holding • At end of CY 2015 the total 3D data set will cover ~45% of CVN’s acreage holding • The new data is intended to assist in identifying
Slide 13: Phoenix: activities
Phoenix: activities For personal use only 2015 2016 2017 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Drilling Roc-1 well Contingent Roc test Contingent #1 well Contingent #2 well Phoenix 3D seismic Re
Slide 14: Cerberus Project: New project
For personal use only Cerberus Project New project 14
Slide 15: Cerberus: prolific hydrocarbon region
Cerberus: prolific hydrocarbon region For personal use only • Proven petroleum system • Multiple play potential • Large volume fields nearby • Shallow water acreage with shallow target prospects • Close to pipeline infrastructure and onshore Gas field services Oil field • High value success case 15
Slide 16: Cerberus: prospects and petroleum systems
Cerberus: prospects and petroleum systems For personal use only • Acquired in May 2014 • Multiple play types • Discretionary wells in 2017/18 • significant volume targets • Jack-up well costs $10-20 million to 2,000 metres A A’ A A’ 16
Slide 17: Cerberus: Early Triassic Park
Cerberus: Early Triassic Park For personal use only Phoenix Early Triassic World time Phoenix (CVN 20-30%) • Early Triassic oil discovery Land Cerberus (CVN 100%) • Similar Early Triassic potential • Acquired in May 2014 pre Phoenix South Phoenix South discovery Rivers Perth Basin • Early Triassic o
Slide 18: Conclusion: NWS exploration specialist
For personal use only Conclusion NWS exploration specialist 18
Slide 19: Highlights
Highlights For personal use only • Technically driven and NWS focused • Play opening oil discovery in 2014 in Phoenix South-1 well • High impact Roc-1 well drilling in Q4, CY2015 with CVN carried to US$70 million gross • New ventures team one of Australia’s biggest and most experienced • Fiscal stre
Slide 20: Think different, Act different
For personal use only Think different Act different 20
Slide 21: Board of Directors
Board of Directors Peter Leonhardt – Chairman For personal use only Peter is an independent company director and adviser with extensive business, financial and corporate experience. He is a Chartered Accountant, former Senior Partner with PricewaterhouseCoopers and Managing Partner of Coopers & Lybr
Slide 22: Management Team
Management Team For personal use only Philip Huizenga – Chief Operating Officer Philip is a petroleum Engineer with nearly 20 years in the oil and gas industry encompassing drilling, logging and production on offshore and remote locations throughout Australian, Asia and the Americas. Phil was previo
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