Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2021)
15 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 29, 2021
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation 29 November 2021 Utilising Pancontinental’s collective knowledge and experience in the industry to seek future energy sources and sustainable business growth to add shareholder value. 1
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: Disclaimer continued
Disclaimer continued For personal use only 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
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only CORPORATE OVERVIEW DIRECTORS Issued Share Capital 7,034 million shares HD Kennedy Non-Executive Chairman Options 270 million options EA Myers Executive Director, CEO Share Price 0.1 cent ** RB Rushworth Executive Director, Tech Market cap A$7.0
Slide 5: Pancontinental's Exploration Projects
Pancontinental’s Exploration Projects For personal use only Block PCL% Partner Operator Namibia PEL 87 75% Custos 15% Namcor 10% PCL Namibia PEL 37 Pending Ministerial approval and grant of extension Australia ATP 920 20% earning Key Petroleum 80% KEY Australia ATP 924 25% earning Key Petroleum 75%
Slide 6: Location of Exploration Licences in Namibia
Location of Exploration Licences in Namibia For personal use only 9
Slide 7: PEL 87 Offshore Namibia
PEL 87 Offshore Namibia For personal use only Petroleum Exploration Licence 87 * 10,970 SQ KM BLOCK, OFFSHORE ORANGE BASIN * PANCONTINENTAL 75%, OPERATOR * SATURN (TURBIDITE FAN COMPLEX) COVERS MORE THAN 2,400 SQ KM * SIGNIFICANT OIL POTENTIAL A Turbidite Fan complex of Aptian Age, has been uncovere
Slide 8: PEL 87 Offshore Namibia – Saturn Turbidite Complex
PEL 87 Offshore Namibia – Saturn Turbidite Complex For personal use only Saturn Turbidite Complex * Major Oil Potential * Saturn Core- 2,400 Km2 * Intra-slope ponded Turbidite Complex * Thick Top and Bottom Seals demonstrated by Moosehead-1 * Moosehead-1 drilled by HRT in 2013 * High Quality, Mature
Slide 9: PEL 87 Offshore Namibia Near Term Regional Activity
PEL 87 Offshore Namibia Near Term Regional Activity For personal use only Activity on-trend includes the imminent drilling of Total’s Venus-1 well and at least one well by Shell. Drilling results will be of great interest to oil and gas companies present in the area, including Pancontinental. 11
Slide 10: How Much Oil Could Saturn Contain?
HOW MUCH OIL COULD SATURN CONTAIN? PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL)* INDIVIDUAL LEADS PEL 87 Prospective Resources For personal use only 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
Slide 11: PEL 37 Offshore Namibia
PEL 37 Offshore Namibia For personal use only PEL 37 The Company initiated this project in 2011 and since then has completed a number of exploration programs including the drilling of the Cormorant-1 well in 2018. Pancontinental along with the PEL 37 partners are in the process of applying for a two
Slide 12: Location of Exploration Licences in Australia
Location of Exploration Licences in Australia For personal use only Conventional trends prospective for oil and gas can be found within the Cooper Basin ATPs. 14
Slide 13: ATP 920 & ATP 924 (Ace Area) Onshore Queensland
ATP 920 & ATP 924 (Ace Area) Onshore Queensland For personal use only The Company farmed in to the Meeba Project, Onshore Queensland in 2019. Entry into the two Authorities to Prospect – 920 and the Ace Area of 924 provides Pancontinental diversity in its portfolio of exploration assets. The explora
Slide 14: Prospective Resource Estimates
PROSPECTIVE RESOURCE ESTIMATES Cautionary Statement: The estimates For personal use only 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 Limite
Slide 15: Pancontinental Energy NL
For personal use only PANCONTINENTAL ENERGY NL Head Office – Level 2, 30 Richardson Street, West Perth, Western Australia 6005 Postal Address - PO Box 1154, West Perth, Western Australia 6872 Telephone +61 8 6363 7090 ACN 003 029 543 www.pancon.com.au Authorised for release by the Board of Pancontin
Pancontinental Energy NL — Shareholder Meeting (November 2021) on 6ix