Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Investor Presentation (May 2024)
13 slides from Carnarvon Energy's investor presentation, May 9, 2024
Slide 1: ASX Announcement: Corporate presentation
ASX AN NOUN CE MEN T Corporate presentation 9 May 2024 Carnarvon Energy Limited (Carnarvon) is pleased to provide the attached presentation to be given to investors by Carnarvon’s CEO, Mr Philip Huizenga, and recently appointed Director, Mr Robert Black. The presentation is intended as an opportunit
Slide 2: Investor Roadshow Presentation: Unlocking Dorado's deep value
For personal use only Investor Roadshow Presentation Unlocking Dorado’s deep value MAY 2024 ASX: CVN
Slide 3: Disclaimer
Disclaimer I N V E S T O R R O A D S H O W Contingent and prospective resources P R E S E N T A T I O N The resource estimates outlined in this presentation are based on and fairly represent information and supporting No representation, warranty or assurance, express or implied, is given or made in
Slide 4: Company Overview
Company Overview Focused on unlocking the deep value of the world-class Bedout sub-basin I N V E S T O R R O A D S H O W P R E S E N T A T I O N For personal use only 2024 Highlights Key Trading Information1 ASX Ticker CVN ▪ Refreshed board and new CEO, Phil Huizenga Dorado Phase 1 is a liquids only
Slide 5: Carnarvon Energy Investment Highlights
Carnarvon Energy Investment Highlights Expected to be fully funded1 for the world-class Dorado development and poised I N V E S T O R R O A D S H O W to realise immense value upside through Pavo tie-back and exploration P R E S E N T A T I O N For personal use only World-class asset portfolio with E
Slide 6: World-class Asset Portfolio
World-class Asset Portfolio Headlined by Dorado, Australia largest oil discovery in the past 30 years I N V E S T O R R O A D S H O W P R E S E N T A T I O N North-Western Australia For personal use only DORADO (10% WI) Bedout ▪ 2C liquids resource estimate of 162 MMbbls (gross) CVN Bedout sub-Basin
Slide 7: Dorado Development Optimised to Maximise Value
Dorado Development Optimised to Maximise Value Significant project value uplift expected, compared to 2022 FEED, whilst I N V E S T O R R O A D S H O W maintaining end 2024 FID-ready target P R E S E N T A T I O N For personal use only Numerous value enhancement opportunities have been materially pr
Slide 8: Dorado - Key Value Enhancements Opportunities
Dorado - Key Value Enhancements Opportunities E N H A N C E M E N T S Carnarvon expects CAPEX prior to first oil to be materially below previous guidance of ~US$2 billion1 For personal use only D O R A D O O Feature Optimised Design Base Opportunities Potential Value Improvements • Reduced CAPEX • S
Slide 9: Pavo Development Concept
Pavo Development Concept Minimal pre-investment expected to be required prior to Dorado first oil I N V E S T O R R O A D S H O W P R E S E N T A T I O N For personal use only Pavo planned to Pavo Preferred Pavo introduced Economics indicate be produced via development Wellhead several years after P
Slide 10: Australia's Most Prospective Exploration Portfolio
Australia’s Most Prospective Exploration Portfolio High-impact Bedout exploration I N V E S T O R R O A D S H O W P R E S E N T A T I O N Mean prospective recovery resources in exploration For personal use only portfolio: 1.6 billion barrels oil and 9 TCF gas2 Gross Mean Recoverable by Well and Clus
Slide 11: Board and Key Executives
Board and Key Executives Refreshed board and management team aligned on strategy I N V E S T O R R O A D S H O W P R E S E N T A T I O N For personal use only Bill Foster Robert Black Russell Delroy Will Barker Philip Huizenga Alex Doering Chair Non-Executive Director Non-Executive Director Non-Exec
Slide 12: Poised to unlock deep value
Poised to unlock deep value Multiple share price catalysts on the pathway to FID and production I N V E S T O R R O A D S H O W P R E S E N T A T I O N For personal use only Exploration (inc. Indicative Pavo South) and Share Price Catalyst Timeframe gas upside1 600 Mid 2024 Dorado FEED re-entry Addi
Slide 13: Philip Huizenga, Chief Executive Officer
For personal use only Philip Huizenga Chief Executive Officer E: investor.relations@cvn.com.au T: +61 8 9321 2655 Level 2, 76 Kings Park Road, West Perth, WA, 6005 admin@cvn.com.au www.carnarvon.com.au 12