Central Petroleum Limited · ASX:CTP
Central Petroleum — South East Asia Australia Offshore and Onshore Conference 2014
21 slides from Central Petroleum's conference presentation, Aug 18, 2014
Slide 1: It's a Gas, Gas, Gas
For personal use only NORTHERN TERRITORY It’s a Gas, Gas, Gas Central Petroleum Limited South East Asia Australia Offshore and Onshore Conference 19 – 21 August 2014
Slide 2: Disclaimer
Disclaimer For personal use only 1.This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc
Slide 3: Activity update
Activity update For personal use only Integrate new gravity data. Progress permit award process with CLC Santos interpreting new data; Producing gas 327 km 2D seismic acquired 2013, at Palm Valley plus 573 km reprocessing Producing oil at Surprise Building Dingo pipeline and facility Surrender WA ap
Slide 4: Overview
Overview For personal use only Australia’s domestic gas market facing supply shortfall in next 5 years Golden opportunity for N.T. to be a ‘key’ supplier of domestic and east coast markets Comparable to QLD’s gas exploration boom displacing the PNG pipeline Aggregated gas supplies include ‘G
Slide 5: Central's Strategic Plan
Central’s Strategic Plan For personal use only Short Term Develop resources, production capability, infrastructure and cash flow Purchase of Dingo and Palm Valley ‐ Done Reacquire Ooraminna ‐ Done 100% owned fields have exploration opportunities to triple available gas Target is 200 PJ all p
Slide 6: Pivotal Location Could Re-Rate Central Assets
Pivotal Location Could Re‐Rate Central Assets For personal use only Existing gas pipelines available for NT Market • Major users Territory Generation / mining and industrial • Darwin LNG operating / Ichthys LNG (2016) Proposed pipelines to connect NT with East Coast • APA feasibility underway (2 alt
Slide 7: Building on solid foundations
Building on solid foundations For personal use only Oil and gas in production Palm Valley Gas Field and Surprise Oil Field in production (Year 1 revenue >$12M) Dingo Gas Project on target for commencement in H1 2015 Operating footprint and key infrastructure established in heart of our exploratio
Slide 8: Near Term Exploration
Near Term Exploration For personal use only Within / adjacent Central infrastructure Poised for market opportunity Meaningful targets Palm Valley Central 100% and operated Ooraminna Central – Santos JV area Dingo Central application area Reservoir \ Field Palm Valley West Palm Valley Field Din
Slide 9: Palm Valley Deep – large potential
Palm Valley Deep – large potential For personal use only Opportunity South North Attractive volume estimates, indicative 5x existing reserve Arumbera A1 Sst target (Dingo field) Fracture development similar to Pacoota Sst would be very beneficial Attractive target beneath producing gas f
Slide 10: Ooraminna Field – close to Dingo pipeline
Ooraminna Field – close to Dingo pipeline For personal use only Ooraminna 2, drilled 2010 Pioneer Sandstone • Flowed gas at 0.152 MMcf/d • High angle fractures 393 km2 • Inclined or horizontal wells likely to increase rates 181 km2 Arumbera Sandstone 38 km2 • Gas flares observed whilst drilling 470
Slide 11: Strategic objectives
Strategic objectives For personal use only Medium Term Expand gas supply capability by exploring and developing identified opportunities utilising established revenue flow Southern Amadeus Stage 2 with Santos proceeding following Mt Kitty’s confirmation of hydrocarbons being present, with 1300km f
Slide 12: Mt Kitty
Mt Kitty For personal use only Preliminary results Future objectives Confirmed presence of hydrocarbons Re‐enter wellbore, log, gas re‐sampling Gas constituents include Helium up to 9% Obtain fracture information Flowed mixed gas at rates up to 500,000 cf/d Consider options to suspend, s
Slide 13: Southern Amadeus – Stage results
Southern Amadeus – Stage 1 results For personal use only Representative Seismic Section showing major play types Cambrian Neoproterozoic Salt Salt Basement Untested Salt- Untested Intra- Untested Sub-Salt cored Anticlines Salt fault blocks Basement Highs 12
Slide 14: Stage Seismic – indicative seismic program
Stage 2 Seismic – indicative seismic program For personal use only Indicative 1300 km Program 13
Slide 15: Key deliverables to proceed to the appraisal phase in Southern Georgina Basin
Key deliverables to proceed to the appraisal phase in Southern Georgina Basin For personal use only Timeline of results from Whiteley 1 and Gaudi 1 During drilling and After completion of Results Results coring phase logging program 1‐3 months 3‐6 months (Core analysis) No single deliverable can Gas
Slide 16: Western Amadeus - defining anticlinal trends
Western Amadeus ‐ defining anticlinal trends For personal use only Sparse data, now acquiring infill 11km x 11km 4km x 4km Exploration Strategy Acquiring infill gravity data at 2x2 km – commenced July 2014 Cost effective data, resolves structural trends, basis for seismic acquisition design Se
Slide 17: Strategic objective
Strategic objective For personal use only Long Term Development of ‘next generation’ assets The Western Amadeus – create an opportunity pipeline as infrastructure and market dynamics open adjacent areas Gravity then seismic Drill conventional targets, collect core data in HVS unconventional pl
Slide 18: EP-115 - HVS unconventional potential
EP‐115 ‐ HVS unconventional potential For personal use only JV with Santos TWT Structure, Pacoota Summary Proven source rock, up to 120 m thick Excellent gas shows whilst drilling Regional view – postulated areas of unconventional plays Varying maturity may open different play types in discret
Slide 19: Wiso Basin – conventional and unconventional
Wiso Basin – conventional and unconventional For personal use only Pipeline basement lineaments Oil shows Material growth opportunity • Total area 43,217 km2 • Analogous geology to SGB 15,352 km2 • Oil shows in Cambrian carbonates, stratigraphic wells 7,569 km2 • Potential for conventional and uncon
Slide 20: Summary
Summary For personal use only Central is rapidly advancing the exploration and development of substantial acreage Australia’s domestic gas market supply shortfall creates ‘Golden Opportunity’ for N.T. to be ‘key’ suppliers Opportunity to aggregate existing gas supplies to underpin N.T. ‐ East
Slide 21: Contact Details
Contact Details For personal use only Central Petroleum Limited 56‐58 Jephson St., Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 20
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