Peako Ltd · ASX:PKO
Peako — Peak Oil & Gas — Shareholder Meeting (November 2013)
21 slides from Peako's shareholder meeting presentation, Nov 29, 2013
Slide 1: Corporate Presentation - Annual General Meeting 2013
29 November 2013 Corporate Presentation For personal use only Annual General Meeting 2013 Attached please find a copy of the Corporate Presentation to be provided at Peak Oil & Gas Limited’s annual general meeting to be held at West Perth this morning. Yours faithfully Rae Clark Company Secretary Pe
Slide 2: Corporate Presentation AGM 2013
For personal use only CORPORATE PRESENTATION AGM 2013 November 2013 ASX: PKO www.peakoil-gas.com
Slide 3: Company Overview
Company Overview Trading Symbol ASX: PKO For personal use only Ordinary Shares 485.9 million Unlisted Options [59.5 million] Debt Nil Number of Shareholders Approx. 900 Top 20 Shareholders 60% Management >40% Cash at 30 Sept 2013 $ 0.64 million Current Share Price [$0.007] Market Capitalisation [c.$
Slide 4: 2013 - A challenging year…
2013 - A challenging year… For personal use only Whilst technical preparations continued, and the development plan is approved by the Philippines DOE, the Cadlao Project was again delayed as the Operator (Blade Petroleum) sought to complete project finance The Philippines DOE did not approve Pea
Slide 5: The Good News! Corporate
The Good News! CORPORATE For personal use only Peak welcomed Albers Group as senior shareholder to bolster funding and assist with new ventures (project and corporate) Albers Group, through Octanex (ASX:OXX) has agreed to underwrite proposed c.$2m rights issue at a 1 cps, a premium to the recent
Slide 6: The Good News! Projects
The Good News! PROJECTS Cadlao For personal use only Peak and Blade reached in principle settlement to their Cadlao dispute which would result in circa $6.7m consideration to Peak Blade continued to advance Cadlao finance, a condition to Peak and Blade’s settlement South Block A 2D seismic pro
Slide 7: Asset Summary
Asset Summary For personal use only Net Net Prospective Project WI Location Reserves Resources (P50 unrisked) Cadlao SC6 - Oilfield redevelopment 16.25%* Philippines 1.0 mmbbls 47 mmbbls South Block A – Growth block 38.25% Indonesia 439 bcf 47 mmbbls Totals 1.0 mmbbls 439 bcf Note: Peak has a 25% Wo
Slide 8: Undervalued Opportunity
Undervalued Opportunity For personal use only Independent Expert Valuations: Cadlao Project - Gaffney, Cline & Assoc. valuation Indirect 16.25% interest*: ~ $22 million SBA Project - ResourceInvest Valuation Indirect 38.25% interest†: ~ $10 million Current Market Valuation: Current Peak Market C
Slide 9: Key Milestones
Key Milestones For personal use only 2014 2015 Q1 Q2 Q3 Q4 Q1 DEVELOPMENT PHILIPPINES Cadlao Development Drilling Cadlao 1st Oil E X P L O R AT I O N MYANMAR Result of application for offshore block(s) INDONESIA South Block A Complete 2D Seismic South Block A 1 well Unconventional rights South Block
Slide 10: Board & Management
Board & Management For personal use only Geoff Albers – Non-Executive Chairman & Director Lawyer and successful oil and gas company director with over 35 years experience in the sector Started and developed numerous E&P companies, many with emphasis on new acreage Jeff Steketee – Managing Direct
Slide 11: Company Highlights
Company Highlights Proven Project Generator with Focused Asian Growth Strategy For personal use only – E&P portfolio assembled strategically and cost effectively – Inherent value validated by current competitor interest – Competitive advantage through in-country relationships, data & knowledge – M
Slide 12: Near Term Strategy
Near Term Strategy For personal use only 1. Extract Maximum Value from Philippines – Focus on exposure to Cadlao Project via interest held through VenturOil – Resolve dispute with Blade to enable project to progress – Target first oil early 2015 2. Delineate and Drill Indonesia SBA Block – Mature po
Slide 13: Oil & Gas Projects - Indonesia
For personal use only Oil & Gas Projects Indonesia Page 11
Slide 14: South Block A PSC – North Sumatra
South Block A PSC – North Sumatra South Block A (SBA) Operated by Peak For personal use only controlled company REE. REE has 51% Working Interest in SBA Peak Net Interest = 38.25% Discoveries nearby exceed 1 billion boe – 15 Tcf Arun LNG – 300 MMbbls Rantau Oil Field Seven defined Leads
Slide 15: Oil & Gas Projects - Philippines
For personal use only Oil & Gas Projects Philippines Page 13
Slide 16: Cadlao Oilfield
Cadlao Oilfield For personal use only Cadlao Oil Field: Discovered by AMOCO 1977 Produced 11.1 MMbbls 1981-1991 Regional Spec. 3D Seismic Survey acquired by Western Geco 1996 Identified additional 2P reserves of 6 MMbbls (Gaffney Cline & Assoc.) Up- dip from producing wells mapped on 3D Seis
Slide 17: Cadlao – Key Features
Cadlao – Key Features Near term production - first (new) oil For personal use only targeting 1st Quarter 2015 High quality reservoir - Up to 17% porosity / High Permeability - Strong water drive - Advanced reservoir knowledge through 10 year production history Accessing attic oil up-dip from p
Slide 18: Cadlao Economics – PKO 16.25%
Cadlao Economics – PKO 16.25% Development Schematic For personal use only PKO working interest – 16.25% effective interest (through VenturOil) Cost effective/low risk redevelopment – Shallow water – Simple & proven approach – Independent certified reserves – Proven reservoir productivity Project
Slide 19: Summary
Summary For personal use only Undervalued E&P company with significant upside potential Management team with strong track record in acquiring projects and finding hydrocarbons Catalysts for significant near term re-rating: • Cadlao resolution will provide cash and production cashflow stream •
Slide 20: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Peak Oil & Gas Limited (“Peak”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and although Pea
Slide 21: Contact Details
Contact Details For personal use only Jeff Steketee - Managing Director Jim Durrant - Technical Director Phone: +61 8 6143 1800 Website: www.peakoil-gas.com Suite 1, 16 Ord Street West Perth, WA 6005 Page 19