New Zealand Energy Corp. · TSXV:NZ
New Zealand Energy — Investor Presentation (August 2011)
25 slides from New Zealand Energy's investor presentation, August 2011
Slide 1: Corporate Presentation August 2011
NEW ZEALAND ENERGY CORP. NEWCorporate ZEALAND ENERGY CORP. Presentation August 2011
Slide 2: Introduction
Introduction New Zealand Energy Corp. New Zealand • 130,000 boe/d and growing • Proven hydrocarbon system with multiple basins and numerous prospective formations • 5% revenue royalty attracting significant investment from quality players Properties • 5 permits >>> 2 permits focused on large convent
Slide 3: Senior Management and Directors
Senior Management and Directors New Zealand Energy Corp. John A. Greig D. Kenneth Truscott Hamish J. Campbell Chairman, Director Director Director (42 years experience) (30 years experience) (26 years experience) John G. Proust Bruce G. McIntyre CEO, Director President, Director (26 years experience
Slide 4: New Zealand Background
New Zealand Background New Zealand Energy Corp. Proactive Government approach to oil and natural gas exploration >>> reduce dependence on oil imports and increase national wealth Favorable royalty structure • Higher of 5% revenue royalty or 20% of accounting profits • 28% corporate tax Exploration p
Slide 5: Investment Highlights
Investment Highlights New Zealand Energy Corp. NZEC Taranaki Basin NZEC East Coast Basin • 2 permits (152,066 net acres) • 3 permits (1.8 million net acres) • 730 million barrels OOIP(1) • 22.3 billion barrels OOIP(1) • 66.6 million barrels of • 478 million barrels of prospective resource(2) over 33
Slide 6: Taranaki Basin Oil and Gas Fields
Taranaki Basin Oil and Gas Fields New Zealand Energy Corp. Legend NZEC Exploration / Exploitation Model Gas Field Ultimate (Remaining) Reserves 1. Identify prospects utilizing NZEC’s re- Oil Field processed and re-interpreted proprietary Ultimate (Remaining) Reserves seismic database 2. Offset known
Slide 7: Taranaki Basin Stratigraphy
Taranaki Basin Stratigraphy New Zealand Energy Corp. Re-Processed and Re-Interpreted Seismic >>> Copper Moki 1 Stratigraphic Framework Copper Moki 1 Discovery Source: King and Thrasher 1996 7
Slide 8: 2011 Taranaki Activity
2011 Taranaki Activity New Zealand Energy Corp. TAG Oil Ltd. New Zealand Energy Corp. Q3-2011: NZEC to completes Copper Moki-1 June 2, 2011: TAG announces Well in Urenui & Mt. Messenger formations Sidewinder-3 light oil & gas discovery Encountered 14.8m of net pay in Urenui & 10m of net Stabiliz
Slide 9: Taranaki Basin Summary
Taranaki Basin Summary New Zealand Energy Corp. Premier Greater Cheal Area Land Holder • Numerous prospects with extensive resource potential in the Urenui, Mt. Messenger and Moki formations Convert Discovery to Production • Immediate completion of Copper Moki-1 discovery well Convert Resource to Re
Slide 10: East Coast Focus
East Coast Focus New Zealand Energy Corp. Evaluate Horizontal Potential of Existing Well • Ranui-1 (NZEC 100%) is most significant well in East Auckland Coast Basin drilled to date Petrobras • Ranui-1 well encountered 200+ metres of prospective Permits pay in the Whangai shale >>> NZEC will re-enter
Slide 11: East Coast Basin - 2011 Program
East Coast Basin - 2011 Program New Zealand Energy Corp. Ranui-1 Well - Horizontal Interpretation Waipawa Whangai Bakken Lias Willesden / North East Coast / New East Coast / New Basin / Jurisdiction Dakota & Paris / France Zealand Zealand Saskatchewan Quartz Content (%) 40 - 80 40 - 80 40 - 60 26 -
Slide 12: Drill Program Catalysts
Drill Program Catalysts New Zealand Energy Corp. Q3 2011 Q4 2011 2012+ Catalysts Taranaki Basin (West Coast) (1) Complete Copper Moki-1 Discovery (5) Drill Horoi-1 Well >>> Offset to Results Get Capital >>> Conventional prospects (872 mboe Prospect Resource1) Copper Moki discovery on Alton provide p
Slide 13: Current Capitalization
Current Capitalization New Zealand Energy Corp. Current Shares Outstanding 77,010,000 Shares to be Issued for Ranui Permit 1,000,000 Basic Shares Outstanding 78,010,000 Options (Exercisable at IPO Price) 4,638,000 Fully Diluted Shares Outstanding 82,648,000 • Most Recent Financing: $0.75 per share c
Slide 14: Conclusion
Conclusion New Zealand Energy Corp. Production and Cashflow 2011 1. Greater Cheal Area • Complete Copper Moki-1 >>> 24.8 metres pay thickness • Drill and test Horoi-1, Copper Moki-2, and Skinner-1 wells 2. Rimu / Kauri Region • Repeat NZEC Exploration / Exploitation Model >>> Drill and test Talon-1
Slide 15: Appendix
New Zealand Energy Corp. Appendix 15
Slide 16: New Zealand Market for Oil and Gas
New Zealand Market for Oil and Gas New Zealand Energy Corp. New Zealand Market for Oil Oil Infrastructure • Significant net importer of oil – Production of ~55,000 bbl/d exclusively from the Taranaki Basin Shell Operated Export Hub – Current demand is ~150,000 bbl/d • Premium pricing environment – B
Slide 17: New Zealand North Island Access to Market
New Zealand North Island Access to Market New Zealand Energy Corp. Auckland East Cape Permit New Plymouth Gisborne Alton Hastings Eltham Permit Permit Castlepoint Permit Ranui Wellington Permit 17
Slide 18: Corporate History
Corporate History New Zealand Energy Corp. Castlepoint Permit East Cape Permit Application Application submitted Castlepoint Eltham Permit Deed of submitted to Crown to Crown Minerals Permit Assignment Company founded Minerals (non-competitive) granted signed(1) (competitive) APRIL MAY JUNE JULY AUG
Slide 19: New Zealand Technical Team
New Zealand Technical Team New Zealand Energy Corp. Name Qualifications Expertise Dr. Ian Brown D. Eng Chief Operating Officer; professional geological engineer B.Sc, June Cahill Acquisition, management, and analysis of complex geoscience data B. Applied Econ. B.Sc (Hons) Petroleum geology related t
Slide 20: Development Plan
Development Plan New Zealand Energy Corp. $43.5 million exploration and development plan – Year 1 • Complete Copper Moki-1 well • Drilling and evaluation of 4 additional Taranaki wells • Re-enter and core, evaluate, and horizontally drill Ranui-1 well $10 million working capital to be allocated towa
Slide 21: Seismic Coverage
Seismic Coverage New Zealand Energy Corp. Taranaki Basin Focus Area Seismic Coverage NZEC Seismic Database • Map depicts NZEC’s in house database of 2D and 3D seismic covering Eltham, Alton, Cheal, Sidewinder and offsetting pools • NZEC in-country technical team has organized, re- processed and inte
Slide 22: Alton Permit Prospects
Alton Permit Prospects New Zealand Energy Corp. Talon-1 well will be drilled in Q3 2011 • Intersected 75 metres of good Manutahi reservoir but only minor amounts of natural gas – well will not be completed Remainder of 2011 program includes • Drilling a Horoi-1 prospect offsetting the Copper Moki-1
Slide 23: Eltham Permit Prospects
Eltham Permit Prospects New Zealand Energy Corp. Copper Moki-1 discovery well will be completed immediately following closing of IPO • Two offset locations currently identified Remainder of 2011 program includes • Drilling and testing of two evaluation wells into the Copper Moki and Skinner prospect
Slide 24: Forward-Looking Statements
Forward-Looking Statements New Zealand Energy Corp. This presentation and the Company’s preliminary prospectus dated April 29, 2010 (collectively the presentation and the preliminary prospectus referred to as the “Prospectus”) contain forward-looking information and forward-looking statements within
Slide 25: Forward-Looking Statements (cont.)
Forward-Looking Statements New Zealand Energy Corp. (cont.) Actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below and elsewhere in the Prospectus: • the speculative nature of exploration, appraisal and develo
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