Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Shareholder Meeting (November 2017)
11 slides from Cue Energy Resources's shareholder meeting presentation, Nov 27, 2017
Slide 1: 2017 Annual General Meeting Operations Update
CUE ENERGY RESOURCES LIMITED For personal use only 2017 Annual General Meeting Operations Update Matthew Boyall CEO 27th November 2017
Slide 2: Disclaimer and Important Notice
Disclaimer and Important Notice This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Cue Energy For personal use only Resources Limited (ASX: CUE). The material provided does not constitute an invitation, solicitati
Slide 3: Production and Exploration Operations
Production and Exploration Operations Indonesia For personal use only Exploration Mahakam Hilir PSC (Op) 100% Mahato PSC 12.5% Jakarta office Indonesia Production Sampang PSC 15% New Zealand Production PMP 38160 (Maari) 5% Australia Melbourne Head Office Exploration WA-359-P (Op) 100% WA-409-P 20% W
Slide 4: Delivering on Strategy
Delivering on Strategy For personal use only A sustainable business • $35 million FY2017 diversified revenue • Administration cost reductions • Reduction in non core USA and NZ assets Delivering disciplined growth • Sampang PSC field life extension approved and commenced • Paus Biru-1 well in final
Slide 5: Disciplined Production Growth
Disciplined Production Growth For personal use only Maari, New Zealand • Field production currently 8500-9000 bopd after strong results from MN-1 workover/perforations. MR7 workover complete and coming back online • More workovers planned for CY2018 • Pressure reduction project Q1 2018 aimed at ~200
Slide 6: Disciplined Exploration Growth
Disciplined Exploration Growth For personal use only Mahakam Hilir PSC, Indonesia • Finalising seismic and gravity reprocessing and modelling to support a Naga Utara-4 appraisal well • Production well log data from Sambutan Sambutan-8 1930’s well within producing wells acquired and analysed Mahakam
Slide 7: Ironbark: Step Change Value
Ironbark: Step Change Value For personal use only • 15Tcf prospective recoverable gas resource within WA-359-P and WA-409-P • 50km from North West Shelf LNG infrastructure which has spare capacity from early 2020s • BP 42.5% equity option remains valid. Discussions continuing with other potential pa
Slide 8: Ironbark
Ironbark • Ironbark reservoirs correlate to gas producing reservoirs at Gorgon For personal use only • 400km2 structure with a simple fault bounded horst trap • Thick, regional shale seal not penetrated in this area has contained hydrocarbons • Triassic source proven to produce at nearby gas fields
Slide 9: WA-389-P: Deep Mungaroo leads
WA-389-P: Deep Mungaroo leads For personal use only • 100% equity and operatorship from August 2017 • Recently reprocessed 3D seismic data identifies several Deep Mungaroo leads analogous to the Ironbark prospect • 2 year extension to the current permit Year granted until October 2019 to allow furth
Slide 10: FY2018 Investor highlights
FY2108 Investor highlights For personal use only Sustainable Business • $11.7m cash at 30 Sept 2017 and no debt • Diversified revenue - fixed price gas and exposure to rising oil price • Reduced costs Disciplined Growth • Pursue incremental growth opportunities at Maari and Sampang • Paus-Biru 1 wel
Slide 11: For personal use only
For personal use only Level 3, 10 Queen Street, Melbourne VICTORIA – AUSTRALIA 3000 P. (+61) 3 8610 4000 F. (+61) 3 9614 2142 E. mail@cuenrg.com.au W. www.cuenrg.com.au
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