Lion Energy Limited · ASX:LIO
Lion Energy — RIU Good Oil Conference 2017
19 slides from Lion Energy's conference presentation, Sep 14, 2017
Slide 1: Company Update – RIU Good Oil Conference
Lion Energy Limited For personal use only Company Update RIU Good Oil Conference 14 September 2017 A New Approach to Asian Energy A New Approach to Asian Energy www.lionenergy.com.au September 2017
Slide 2: Important notice and disclaimer
Important notice and disclaimer Forward-looking statements For personal use only Certain statements contained in this presentation, including information as to the future financial or operating performance of Lion and its projects are forward-looking statements. Such forward-looking statements: • sh
Slide 3: Lion Reserves and Resources
Lion Reserves and Resources Indonesia Reserves & Resources, 31 Dec Gas/Associated Gas Oil/Condensate Method 2016 (Recoverable, net to Lion) 1 Recoverable (BCF) Recoverable (MMbbl) For personal use only 1 Reserves 1P 2P 3P 1P 2P 3P 2,3 Total Proven Reserves 0.087 0.118 0.182 Deterministic Contingent
Slide 4: Lion overview - poised for major growth
Lion overview - poised for major growth Fiscally disciplined company with strong management team and exciting portfolio For personal use only Capital structure >8,000 km2 net acreage with completed/approved Joint Studies • Shares on issue: ~113m which give priority right to enter a Production Sharin
Slide 5: Highly experienced team
Highly experienced team World class talent, Indonesian expertise, proven track records, diverse skills For personal use only Russell Brimage - Chairman Kim Morrison - CEO Stuart Smith – Finance Director ▪ Development/production expertise ▪ Exploration/operations expertise ▪ Accountant, commercial ex
Slide 6: Indonesia: opportunity rich country; low sovereign risk
Indonesia: opportunity rich country; low sovereign risk Strong, resilient economy, improvements in ease of doing business/corruption For personal use only • Population 255 million (4th largest in world) Indonesia Annual GDP Growth • Worlds 16th largest economy, forecast 7th largest by 2030 GDP growt
Slide 7: South Block A PSC - Lion 40.7%
South Block A PSC - Lion 40.7% Underexplored block with multiple plays in prolific North Sumatra Basin For personal use only • 183km seismic shot in 2014 high-graded attractive portfolio • New 400 mmscfd pipeline runs through SBA (Arun LNG regassification terminal to Medan) • Extension granted to Ja
Slide 8: SBA PSC located in the heart of world-class hydrocarbon area
SBA PSC located in the heart of world-class hydrocarbon area Peutu play:~20 tcf gas, 700 mmbbl condensate, Keutapang play: 550 mmbbl oil, 1.2 tcf gas For personal use only Amanah Timur part of Keutapang play • Production peaked at ~50,000 boepd (late 1970's) • Limited exploration/appraisal drilling
Slide 9: Amanah Timur-1 summary - fast-track development potential
Amanah Timur-1 summary - fast-track development potential Both gas & oil pay interpreted, Amanah Timur-2 appraisal well will allow testing For personal use only • Well TD 347m, P&A due to stuck pipe (planned TD ~550m) AMT Intra Keutapang Time Structure Map • 3 hydrocarbon zones interpreted, fair-goo
Slide 10: Amanah Timur-1: approx. 100m from gas pipeline
Amanah Timur-1: approx. 100m from 400mmscfg/d gas pipeline Langsa city also provides potential market for gas (power plant/CNG) For personal use only 20" Arun to Medan Discovery located open access gas pipeline in palm plantation with good roads and gentle topography ~10km to Langsa city (Population
Slide 11: Jerneh Prospect - 2018 drill candidate
Jerneh Prospect - 2018 drill candidate Largest undrilled structure onshore North Sumatra with high demand gas market For personal use only • 8 km2 4-way, up to 63 km2 sub thrust closure Prospective resource (100%): • Analogue fields PASE (240 bcf), Matang (up to 400bcf) •Gas (bcf) P90: 64 P50: 223 P
Slide 12: Jerneh - Matang comparison
Jerneh - Matang (2013 100-400 bcf discovery) comparison Similarities in seismic character - well developed limestone reservoir in Matang-1 For personal use only Jerneh Prospect Matang 1 Matang-1 Matang Gas bearing E. Mio. Peutu carbonate Porosity 10-30% av. 14% 25 mmscfgd (11-15% CO2) Jerneh Matang
Slide 13: Seram (Non-Bula) PSC overview - Lion 2.5%
Seram (Non-Bula) PSC overview - Lion 2.5% Appraisal and development success, cash flow positive (~US$40,000 net per month) For personal use only • ~17 mmbbl produced since 2003 from Oseil area Map of Seram (Non-Bula) PSC • Current ~2500 bopd (~65 bopd net) • Operating cost ~US$14.62 per barrel (June
Slide 14: Lofin Field - one of largest discoveries in region
Lofin Field - one of largest discoveries in region in recent years 2 tcf gas / 18.3 mmbbl condensate 2C contingent resource/Lion Share 50 bcf /0.5 mmbbl For personal use only Lofin Structure Schematic Section • 2015 Lofin-2 appraisal proved gas column up to 1300m • Flowed 17.8 mmcfgd (52/64” choke,
Slide 15: Significant early mover unconventional position - Sumatra focus
Significant early mover unconventional position - Sumatra focus New terms attractive for shale/tight gas & oil ~85% take pre tax (~50% take after tax) For personal use only Why Sumatra? 18.8 bbo, 41 tcfg, 1.2 bbc (onshore only) + Market, infrastructure + Accessible terrain + Marine, lacustrine sourc
Slide 16: Unconventional Update - Lion progressing rights
Unconventional Update - Lion progressing rights (at low cost) Targeting "hybrid" tight gas/oil plays, multi-tcf gas / multi 100's mmbbl liquid potential For personal use only Bohorok Joint Study (Lion 55%) • Completed 2016, positive results • Possible late 2017 gazettal Melucut-1 • Next to PERTAMINA
Slide 17: New business update
New business update Lion aggressively building our business For personal use only Rationale for Indonesia • Significant potential - undeveloped fields • Growing gas demand, high prices (US$6-8 mmbtu) • Recent moves to improve terms encouraging New Eastern Indonesia conventional area (Lion 100%) • Pr
Slide 18: Lion's major growth upside: team, assets, opportunities
Lion's major growth upside: team, assets, opportunities Significant near to mid term catalysts to drive share price appreciation For personal use only Investment drivers South Block A PSC • Near term AMT development opportunity Forecast catalysts • Established oil and gas infrastructure • World clas
Slide 19: Thank you
For personal use only Thank you For more information please contact: Kim Morrison Chief Executive Officer kmorrison@lionenergy.com.au Office: +61 8 9211 1500 Mobile: +61 404 490 964 A New Approach to Asian Energy www.lionenergy.com.au September 2017 19