Central Petroleum Limited · ASX:CTP
Central Petroleum — QUPEX (April 2023)
17 slides from Central Petroleum's conference presentation, Apr 18, 2023
Slide 1: QUPEX presentation
For personal use only QUPEX presentation 18 April 2023 Central Petroleum Limited (ASX:CTP)
Slide 2: Company Snapshot
Company Snapshot For personal use only Central Petroleum Limited is an established oil and gas producer: • Largest onshore gas operator in the Northern Territory • Diverse portfolio of producing and prospective gas permits across the Northern Territory and Queensland • Three sub-salt exploration wel
Slide 3: Excellent Market Dynamics
Excellent Market Dynamics For personal use only Growing Demand for Helium Tight Supply, concentrated and Robust Prices, driven by frequent shortages ▪ Global Helium market is slow to react ▪ 4 periods of shortage in the last 20 years ~6bcf/d ▪ >95% of supply is from ▪ Prices have climbed rapidly fro
Slide 4: 'Sub-salt' is a very attractive play
‘Sub-salt’ is a very attractive play For personal use only ▪ The term “sub-salt” is commonly applied to the geology below deposits of salt (evaporites) which can form a very effective trap for not only hydrocarbons, but very light gasses like helium and hydrogen that typically escape to the atmosphe
Slide 5: Southern Amadeus Sub-salt Exploration – World-class potential
Southern Amadeus Sub-salt Exploration – World-class potential For personal use only Success in the Southern Amadeus could deliver world-class Helium quantities plus multi-tcf of Natural Gas High Concentration in Amadeus Basin High value even from ‘small’ Helium accumulations ▪ >0.3% Helium is consid
Slide 6: Southern Amadeus Sub-salt Exploration Overview
Southern Amadeus Sub-salt Exploration Overview – Hydrogen / Helium / Hydrocarbons For personal use only Three wells commencing in late 2023 / early 2024 MK/JB-2* lateral designed for flow testing Mahler-1 basement fracturing + 3 secondary targets Dukas-2 targeting fractured basement through thinner
Slide 7: Dukas
Dukas 2 For personal use only • Heavitree target at 3,870 mTVD. • Dukas ST1 suspended at 3,704 mMD due to overpressure in Gillen Salt • Dukas 2 will target thinner salt overburden • Large, specialised rig, 15,000 psi rating • Spud expected 1H 2024 • Approximately 4 months drilling expected • Mean* r
Slide 8: Jacko Bore
Jacko Bore 2 For personal use only • Fractured basement target at 2,140 mTVD. • Jacko Bore 1 drilled vertically to 2,295 mTVD with flow of 530 mscf/d from fractured basement. • Jacko Bore 2 to be a lateral from the existing well or a new tophole (contingent). • To be drilled in a 3 well campaign (in
Slide 9: Mahler
Mahler 1 For personal use only • Fractured basement target at 1,995 mTVD. • Magee 1 drilled to 2,396 mTVD with flow of 63 mscf/d from Heavitree Formation. • Approximately 3 months drilling expected • Production testing contingent on success • Mean* recoverable gross volume estimates: • 22 Bcf Natura
Slide 10: Range
Range For personal use only • 77km2 in the Surat Basin located within depth window of world class producing fields within the Walloon coal measures • Certified Gross 2C (Development Pending) Resource of 270PJ* • Domestic Market Obligation • Close proximity to existing pipeline infrastructure, gas pl
Slide 11: Range CSG Project
Range CSG Project For personal use only ▪ Three single-well pilots (Range 6, 9, 10) have been on pump for ~1 year ▪ Since November 2022, water rates have stepped up and gas rates have more than trebled to ~100 GJ/d ▪ This gradual gas ramp up is typical of the early days of successful CSG plays on th
Slide 12: Range Performance to date
Range 10 Performance to date For personal use only Both step out wells continue to outperform original pilot Range 10 in ? particular appears to ? be in the early stages of a rapid ? growth in gas rate* * past performance is no guarantee of future results 12
Slide 13: The year ahead
The year ahead For personal use only Central is well positioned to take advantage of strong domestic gas markets and a major 3 well sub-salt exploration program Increasing production to supply strong gas markets • PV12 well online • Mereenie recompletions in 1H CY2023 • Mereenie development wells 2H
Slide 14: Appendix: Resources Information
For personal use only Appendix 1 Resources Information
Slide 15: Appendix 1: Resources information
Appendix 1: Resources information For personal use only Prospective Resources – Dukas – CTP share (35%) Exploration Prospect (Central Share) Units Low Estimate Best Estimate High Estimate Mean Natural Gas Bcf 45.2 259.7 986.7 428.8 Helium Bcf 6.0 39.9 165.2 69.7 Hydrogen Bcf 7.4 50.8 211.4 88.6 Pros
Slide 16: Notice and Legal Disclaimer
Notice and Legal Disclaimer For personal use only To the maximum extent permitted by law: 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 (“
Slide 17: Contact and Further Information
For personal use only Level 7, 369 Ann Street Brisbane QLD 4000 Contact and Australia Further Information +61 (0)7 3181 3800 info@centralpetroleum.com.au This presentation was approved and authorised for www.centralpetroleum.com.au release to ASX by Leon Devaney, Managing Director and Chief Executiv