Prominence Energy Limited · ASX:PRM
Prominence Energy — Investor Presentation (May 2022)
12 slides from Prominence Energy's investor presentation, May 6, 2022
Slide 1: Investor Presentation: Bowsprit Conventional, Sasanof High Impact Exploration
Investor Presentation Bowsprit Conventional Sasanof High Impact Exploration Oil Development Alex Parks Managing Director May 2022
Slide 2: Important Information - Disclaimer
IMPORTANT INFORMATION - DISCLAIMER This presentation has been prepared by Prominence Energy Ltd (“Prominence”) for the purpose of providing a company and technical overview to interested parties to enable recipients to review the business activities of Prominence. This presentation is limited in sco
Slide 3: Executive Summary
EXECUTIVE SUMMARY Prominence Energy Ltd seeks to provide PRM shareholders with exposure to high value energy projects that will provide substantial capital growth in the PRM share price in the event of success. Multi-TCF Sasanof Exploration Prospect (PRM 12.5%) ▪ Multi-Tcf Gas & Condensate Sasanof e
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure: As at 15 April 2022 12 month Share Price History: As at a 15 April 2022 ASX code PRM PRM Ordinary shares on issue as at 15 April 2022 2,425m Low – $0.007 Listed options PRMOB (A$0.02) exp. 5 Sept High – $0.021 912m 2023 Director Performance Rights 17m Share pric
Slide 5: Prominence Management & Board
PROMINENCE MANAGEMENT & BOARD Alex Parks Anna Mackintosh Ian McCubbing Troy Hayden Managing Director CFO/Co Sec Chairman NED Director NED ▪ Petroleum Engineer with over ▪ CPA with over 30 years ▪ Director & Chartered ▪ 27 years experience in Oil 20 years in oil and gas of experience. Accountant with
Slide 6: Sasanof Prospect, Australia (PRM 12.5%)
SASANOF PROSPECT, AUSTRALIA (PRM 12.5%) Sasanof is an amplitude supported Multi-Tcf exploration prospect located on NWS of Western Australia in ~1,000m of water. ▪ Up to 400km2 in area and surrounded by giant gas fields ▪ Up dip from Mentorc field, drilled and appraised by Hess as part of a 17 well
Slide 7: Sasanof Prospect, Australia - Well Design and Cost
SASANOF PROSPECT, AUSTRALIA Deep Water High Impact Sasanof Exploration Prospect (PRM 12.5%) WELL DESIGN The Sasanof-1 well will be a vertical well with single casing string design and will be drilled to a total depth of approximately 2,500 m in 1,070 m of water. In the success case, the well will be
Slide 8: Sasanof Prospect, Australia - Prospective Resources
SASANOF PROSPECT, AUSTRALIA - PROSPECTIVE RESOURCES The Sasanof prospect is located in exploration permit WA-519-P, in Commonwealth waters approximately 207km northwest of Onslow Western Australia. The Sasanof Prospect is located up dip from the liquids rich, low CO2 Mentorc Gas and Condensate field
Slide 9: Sasanof Prospect, Australia - Multi-TCF Exploration Prospect
SASANOF PROSPECT, AUSTRALIA Multi-TCF Sasanof Exploration Prospect (PRM 12.5%) In the event of a significant discovery Sasanof • If the amplitude anomaly is proven to be related to moveable gas, it is aerially extensive and implies the resource will be at the larger end of range. • The high condensa
Slide 10: Bowsprit Conventional Oil, Louisiana
BOWSPRIT CONVENTIONAL OIL, LOUISIANA Prolific Hydrocarbon Province T1 area was discovered in ▪ St Bernard & Plaquemines Parishes (Red Oval) have produced 1.2billion 1960’s when drilling deeper gas bbls of oil and 5.2Tcf of gas since 1978 field. ▪ Favourable sedimentary circumstances combine with a v
Slide 11: Program / News Flow
PROGRAM/ NEWS FLOW Sasanof ▪ EGM approved Transaction January 2022 ▪ Completed transaction with Western Gas March 2022 ▪ Equipment mobilisation 4th May 2022 ▪ Rig Mobilisation commencing 16th May ▪ Tow rig to site and anchor laying 7 days ▪ Drilling and setting casing above target reservoir 7-10 day
Slide 12: For further Information
ABN 69 009 196 810 Level 2, 30 Richardson Street, West Perth WA 6005 Telephone: +61 8 9321 9886 Email: admin@ProminenceEnergy.com.au Website: www.ProminenceEnergy.com.au For further Information Media and Investor Enquiries Mr Alex Parks (Managing Director and CEO) Email: alex@ProminenceEnergy.com.au