Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Good Oil Conference 2017
14 slides from Pancontinental Energy Nl's conference presentation, Sep 14, 2017
Slide 1: Deal Closers and Play Makers
For personal use only “Deal Closers and Play Makers” Fully Funded 3 Well Program with Transformational Growth Potential Perth September 2017
Slide 2: Disclaimer
Disclaimer For personal use only 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
Slide 3: Corporate Snapshot
Corporate Snapshot • For personal use only Capital Structure Figures as at trading halt 12 Sept, 2017. • A further +$7.0 million receivable at Share price $0.003 (at 12 sept, 2017) Shares 5,261,788,668 spud of first well in Namibia. Options 494,634,149 Market Capitalisation $15.8 million Cash $3.1 m
Slide 4: A Revitalised Pancontinental – How we have done it
A Revitalised Pancontinental – How we have done it ….. 2011 Secured PEL 37 in Namibia with 95% operated interest. For personal use only 2013 Farmed out PEL 37 to premier African explorer, Tullow Oil. Mid 2016 Creation of Bombora Natural Energy; Raised $2 MM in seed (Hartleys). Secured positions
Slide 5: What we are good at…Deal Closers and Play Makers
What we are good at…”Deal Closers and Play Makers” • Identifying the commercial petroleum potential of Basins underrated by Industry. For personal use only • “First Mover” that positions in the acreage and creates aligned partnerships. • “Play Breakers” ‐ Participating in the commercial breakthrough
Slide 6: The Portfolio Approach and fully funded wells
The Portfolio Approach and 3 fully funded wells…. For personal use only NOTES 1- Assumes 10% earned interest and unrisked resources as published in press release of 5 July 2017. 2- Assumes net beneficial position at completion of farmin earning wells and unrisked resources per press release 23 June
Slide 7: Key well program – Offshore Namibia and California
Offshore Namibia Key well program – Finding the locations…California (Gas)Oil and“Sweet Spot” Namibia (Oil) Namibia California For personal use only • Carried at 20% through next well. • Affordable near term drilling. • PCL sheltered from high offshore drill • High POS appraisal of existing gas cost
Slide 8: Namibia PEL – Multiple 3D defined, large oil targets
Namibia PEL 37 – Multiple 3D defined, large oil targets • Multiple Large 3D Defined Targets analogous to typical West African Plays. For personal use only • Subject of ONGC Videsh farmin for 30% in July 2017. • Subject of Africa Energy buy in September 2017, approx A$10 MM (US$7.7 MM) in two stages
Slide 9: Dempsey-1 Drilling now – Gas in all target levels so far
Dempsey-1 Drilling now – Gas in all target levels so far… • The Dempsey-1 well, Pancontinental 10%, operated by Sacgasco Limited (ASX: SGC) is now at For personal use only total depth and running evaluation wireline logs in advance of testing. • All targeted sands encountered so far appear to contai
Slide 10: Next, Tulainyo-2 – Appraising a high pressure gas discovery
Next, Tulainyo-2 – Appraising a high pressure gas discovery • PCL earning effective interest of 13.33% in multi Tcf potential gas discovery. For personal use only • Huge, 100 km² anticline with surface expression. • Tulainyo-1 drill program in 2015 encountered multiple gas zones under high pressure
Slide 11: Alvares Gas Discovery – Upside for 2018 drilling
Alvares Gas Discovery – Upside for 2018 drilling • Large, improperly tested gas discovery on trend from Tulainyo. PCL earning 15%. For personal use only • 1982 discovery well on large +16km², high relief structure characterised by high pressure, extensive gas shows (up to 10,000 units) over a plus 1
Slide 12: Walyering Gas Field – Late 2018 drill candidate
Walyering Gas Field – Late 2018 drill candidate… • Perth Basin gas field briefly produced in the 1970s. PCL right to earn 70% and operatorship. For personal use only • Jurassic sand reservoirs below 3,000m in faulted anticline similar to producing Gin Gin - Red Gully field. • 4 wells, 3 testing gas
Slide 13: Investment Highlights
Investment Highlights A revitalised company with cash, For personal use only Pancontinental has: activity, accelerated deal flow and an effective, portfolio –based strategy. Good cash reserves. Funded, high impact activity in 2017 and expected 2018. A sound, portfolio - based strategy for mana
Slide 14: Corporate Directory
Corporate Directory ABN 95 003 029 543 For personal use only Directors Henry David Kennedy Non-Executive Chairman John Douglas Begg Executive Director & Chief Executive Officer Ernest Anthony Myers Non-Executive Director Roy Barry Rushworth Non-Executive Director Marie Michele Malaxos Non-Executive