Prominence Energy Limited · ASX:PRM
Prominence Energy — Good Oil Conference 2021
14 slides from Prominence Energy's conference presentation, Sep 8, 2021
Slide 1: Investor Presentation at Good Oil Conference
Investor%Presentation%at% Good%Oil%Conference% Alex%Parks% Managing%Director 8%September%2021
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 Bowsprit)Oil)Project)(PRM)100%)) ! Prominence+has+100%++Working+Interest+in+1,154+acres+leased+in+the+Breton+Sound+Area,+inland+shallow+waters+offshore+ Louisiana,+70km+southeast+of+New+Orleans,+an+area+that+has+produced+>1.2billion+barrels ! Drilling+BowspritR1+Appraisal+Well+in+S
Slide 4: Corporate Snapshot
CORPORATE$SNAPSHOT Capital$Structure:$As$at$5$September$2021 12$month$Share$Price$History:$As$at$a$5$September$2021 ASX$code PRM Ordinary$shares$on$issue$as$at$$5$Sept$2021 947m PRM$ Low$– $0.005 Listed$options$PRMOB$(A$0.02)$exp.$5$Sept$ High$– $0.021$ 380m 2023 Director$Performance$Rights 17m Shar
Slide 5: Prominence Management & Board
PROMINENCE$MANAGEMENT$$&$BOARD$ 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.( Accounta
Slide 6: Bowsprit Location, Louisiana
BOWSPRIT)LOCATION,)LOUISIANA Prolific(Hydrocarbon(Province ! St#Bernard#&#Plaquemines#Parishes#(Red#Oval)#have#produced#1.2billion# bbls#of#oil#and#5.2Tcf#of#gas#since#1978# ! Favourable#sedimentary#circumstances#combine#with#a#variety#of# structures#to#provide#excellent#conditions#for#accumulation
Slide 7: Bowsprit Project, Louisiana
BOWSPRIT)PROJECT,)LOUISIANA Prominence’s+Bowsprit+Project+ ! The$lease$area$contains$several$historical$fields,$including$an$undeveloped$oilfield$in$3m$of$water,$located$in$inland$ waters$Louisiana,$approximately$70km$southeast$of$New$Orleans.$ ! Leases$overlie$a$field$first$developed$by$Shell$in$th
Slide 8: NSAI Resource Summary (February 2020)
NSAI%RESOURCE%SUMMARY%%(February%2020) Netherland+Sewell+&+Associates,+Inc+(NSAI)+have+provided+a+Reserves+Report+for+Bowsprit+as+at+31+December+2019.+ The+Reserves+Estimates+were+prepared+using+a+combination+of+Probabilistic+and+Deterministic+Methods. CAPEX%for% Net%Cash%Flow% Resource%Classificati
Slide 9: Bowsprit-1 Well Path - Main Target
BOWSPRIT)1+WELL+PATH+) MAIN+TARGET NW SE Vertical+ Appraisal+well+ in+Q3+2021 T1 T2 Deterministic*Prominence*STOIIP* estimates**associated*with*maps* used*in*well*planning T3 Copyright+(c)+by+Prominence+Energy+Ltd.+All+Rights+Reserved. 9
Slide 10: Prominence's Probabilistic Oil Initially in Place
PROMINENCE’S PROBABALISTIC/OIL/INITALLY/IN/PLACE Cross,Section T1#area#was#discovered#in#1960’s#when#drilling# deeper#gas#field.# T2#area#is#undrilled PRM#plans# T2 ! Q3#2021#vertical#well#to#appraise#T2#undrilled# area T1 ! Q4#2021#(contingent)#re;entry#and#side#track# to#proven#T1#development#oil#
Slide 11: Bowsprit-1 Well Path - Secondary Targets
BOWSPRIT)1+WELL+PATH+– SECONDARY+TARGETS NW SE Depth+ft T2 T1 I T3 II III IV Sand Chance+of+ Comments Success V I.+ Fair “BigI2”+– sandy VI II. Low 7,200+probably+wetI due+to+sand+on+sand+fault+ juxtaposition+ III. Low Probably+pinched+out VII IV.+(T2) Good Thick+high+quality+sand+up+dip+from+known+
Slide 12: Low Cost Development Options (Tie-back or New Build)
LOW$COST$DEVELOPMENT$OPTIONS$(TIE0BACK$OR$NEW$BUILD) Shallow'draft,barge,drilling,rig Suspended,well,with,protection,cage, Typical,production,facility,(tie'back,or,new,build) Local,Production,facility Typical,well,head,with,walkway,to,facilities Tie'back,options Copyright,(c),by,Prominence,Energy,Lt
Slide 13: Program / News Flow
PROGRAM/(NEWS(FLOW Completed) ! EGM,to,approve,Tranche,2,of,placement,,D funded,for,well July)2021 ! Drilling,Management,Company,Appointed, ! Parker,Rig,55B,Rig,Contracted ! Convertible,Note,– Drilling,Success,Contingency,Funds ! Completed,Pinnacle,buy,out,– PRM,now,100%,WI, Drilling)Vertical)Apprai
Slide 14: For Further Information
ABN&69&009&196&810 Level&2,&30&Richardson&Street,& West&Perth&WA&6005 Telephone:*+61*8*9321*9886************** Facsimile:****+61*8*9321*8161 Email:* admin@ProminenceEnergy.com.au***** Website:* www.ProminenceEnergy.com.au For$further$Information Media&and&Investor&Enquiries Mr*Alex*Parks*(Managing*D