Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — London Oil & Gas Investment Summit 2014
23 slides from Carnarvon Energy's conference presentation, Jun 17, 2014
Slide 1: Investor presentation
Investor presentation 17 June 2014 For personal use only Carnarvon Petroleum Limited (“Carnarvon”, or “the Company”) (ASX:CVN) is pleased to provide shareholders with the following presentation provided today at the Resourceful Events’ Oil and Gas Investment Summit in London. Carnarvon’s strategy is
Slide 2: For all enquiries please contact
For all enquiries please contact: Shareholder Enquiries Media Enquires For personal use only Mr Thomson Naude Mr Tony Dawe Company Secretary Professional Public Relations Phone: (08) 9321 2665 (08) 9388 0944 / 0405 989 743 Email: investor.relations@cvn.com.au tony.dawe@ppr.com.au Yours faithfully Ad
Slide 3: Think Different; Act Different
For personal use only ASX: CVN “ Think Different; Act Different ” Adrian Cook Managing Director Carnarvon Petroleum London Oil & Gas Investment Summit June 2014
Slide 4: Create Something Remarkable
Create Something Remarkable For personal use only
Slide 5: Experienced People
For personal use only Experienced People
Slide 6: Financial Resources
For personal use only Financial Resources
Slide 7: Onshore Thailand: Oil Production Assets
For personal use only Onshore Thailand: Oil Production Assets
Slide 8: Thailand – Onshore Assets
Thailand – Onshore Assets For personal use only Oil production recently increased 200% to ~4,000 bopd gross 100 km2 under production license in 1,100km2 permits Low-cost onshore operating environment 6 million barrels in net 2P oil reserves Ongoing development program funded by cash flow 20% interes
Slide 9: Thinking Differently in Thailand
Thinking Differently in Thailand For personal use only Optional caption lorem ipsum
Slide 10: Western Australia: The North West Shelf
For personal use only Western Australia: The North West Shelf
Slide 11: Carnarvon's position in the North West Shelf
Carnarvon’s position in the North West Shelf For personal use only Area held ~23,000 km² 7 blocks, material equities Oil & gas plays Substantial 3D coverage Shallow water depth Line of sight to commercialisation
Slide 12: Introducing the Phoenix Blocks: Bedout Sub-Basin
For personal use only Introducing the Phoenix Blocks: Bedout Sub-Basin, Western Australia
Slide 13: The opportunity starts with the Phoenix South-1 well
The opportunity starts with the Phoenix South-1 well For personal use only Phoenix South-1 well (drilling now)
Slide 14: Phoenix South-1 well steps out from Phoenix-1 well
Phoenix South–1 well steps out from Phoenix-1 well For personal use only Phoenix South-1 Phoenix-1 (Apache 2014) (BP 1980) Phoenix-2 Top Triassic (BP 1982) Cossigny Limestone Lower Keraudre 2,000 metres in closure n ~50 km2 structure Lower Triassic 700 metres gross gas interval 100 to 150 metres net
Slide 15: Future Regional Focus: Roc and beyond
Future Regional Focus: Roc and beyond For personal use only Zeester 3D (seismic acquired) Roc well New play (2015 contingent) types
Slide 16: Introducing New Cerberus Blocks: Carnarvon Basin
For personal use only Introducing New Cerberus Blocks: Carnarvon Basin, Western Australia
Slide 17: New Blocks: Cerberus
New Blocks: Cerberus For personal use only On trend with major oil fields Area held ~3,200 km² Substantially covered by quality 3D seismic data Shallow water & targets • <70m water depth • jack-up rig drilling Currently reprocessing 3D seismic and undertaking geological studies
Slide 18: Simplifying the Value Proposition
Simplifying the Value Proposition For personal use only
Slide 19: Disclaimer
Disclaimer For personal use only The information in this document, that relates to oil exploration results and reserves, is based on information compiled by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga consents to the inclusion of
Slide 20: Think different, Act different – Addendum
For personal use only Think different Act different Addendum May 2014
Slide 21: Addendum 1: Key Achievements
Addendum 1: Key Achievements For personal use only • Farmed out two North West Shelf exploration wells (Phoenix South-1 and Roc) to Apache and JX Nippon in which all past costs recovered and Carnarvon retained a 20% free carried interest through the wells; • Increased well cost caps to cover the pro
Slide 22: Addendum 2: Business snapshot
Addendum 2: Business snapshot For personal use only • Positioned to capitalize on Phoenix South-1 well success • New opportunities secured and capable of replicating the Phoenix model (CVN: 100%); • A$50 million in cash; • US$32 million deferred consideration receivable from asset sale • No debt and
Slide 23: Addendum 3: Corporate snapshot
Addendum 3: Corporate snapshot For personal use only • Issued shares 987m • Share price (ASX:CVN) 8.9c • Issued options (10c) 49m • Option price (ASX:CVNO) 3.6c • Market Cap A$88m • Cash A$50m • Debt nil • Hedging nil • Enterprise value A$38m Closing share price and volume over 12 months for ASX:CVN
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