Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Africa Oil Gas and Energy Australia Conference 2019
17 slides from Pancontinental Energy Nl's conference presentation, Sep 2, 2019
Slide 1: Africa Oil & Gas Exploration
AFRICA OIL & GAS EXPLORATION Africa Oil Gas and Energy Australia Conference September 2019
Slide 2: Disclaimer
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Slide 3: Pancontinental Corporate Snapshot
PANCONTINENTAL CORPORATE SNAPSHOT CORPORATE OVERVIEW Issued Share Capital 5.41 billion Options 422 million * Share Price 0.2 cents Market cap A$10.8 million *Exercisable @ between $0.004 & $0.006 Directors David Kennedy (Chairman) Ernie Myers (CEO) Vesna Petrovic (CFO & Company Secretary) Ma
Slide 4: Pancontinental's Commercial Aims
PANCONTINENTAL’S COMMERCIAL AIMS In Africa Pancontinental mixes with the big players‐ • Created projects with farminees and JV partners ‐ Woodside, Origin, BG Group, Anadarko, Apache, Tullow, ONGC Videsh, Africa Energy, PTTEP (Thailand) etc…… • Participated in finding the first ever Oil and Gas offs
Slide 5: Pancontinental's Commercial Aims
PANCONTINENTAL’S COMMERCIAL AIMS In Africa Pancontinental mixes with the big players‐ • Created projects with farminees and JV partners‐ Woodside, Origin, BG Group, Anadarko, Apache, Tullow, ONGC Videsh, Africa Energy & PTTEP (Thailand) • Participated in finding the first ever Oil and Gas offshore K
Slide 6: Pancontinental's Projects
PANCONTINENTAL’S PROJECTS AUSTRALIA ATP 920 & Ace 924 Onshore Upcoming drilling campaign KENYA L6 Offshore / Onshore Very good oil potential Suspended due to local issues THESE MAPS ARE AT THE SAME SCALE NAMIBIA PEL 37 Offshore Ongoing exploration in exciting oil area after Cormorant drilling NAMIBI
Slide 7: Pancontinental Has Two Projects Offshore Namibia
PANCONTINENTAL HAS TWO PROJECTS OFFSHORE NAMIBIA WALVIS BASIN PEL 37 (20%) PANCONTINENTAL 20% ORANGE BASIN PEL 87 (75%, Operator) Tullow Farmin PEL 37 – Tullow 30% ONGC Videsh ONGC Videsh 30% Farmin Africa Energy 10% PEL 30 Paragon 10% PEL 37 Pancontinental 20% ExxonMobil PEL 82 farmin 2018 Drilling
Slide 8: Pancontinental Has Two Projects Offshore Namibia
PANCONTINENTAL HAS TWO PROJECTS OFFSHORE NAMIBIA WALVIS BASIN PEL 37 (20%) ORANGE BASIN PEL 87 (75%, Operator)
Slide 9: Cormorant-1 Drilled September 2018
CORMORANT ‐1 DRILLED SEPTEMBER 2018 Cormorant‐1 was Dry, but gave valuable information for future exploration Cormorant Turbidite Fan Q. No Oil Charge into Cormorant? Why? A. Thick Aptian Shale Oil Source separates Cormorant Rocks and Source Rocks ! 9
Slide 10: Variety Of Other Prospects In PEL 37
VARIETY OF OTHER PROSPECTS IN PEL 37 The PEL 37 Joint Venture is looking at the next exploration steps in the area TULLOW (35%), ONGC VIDESH (30%), PANCONTINENTAL (20%), AFRICA ENERGY (10%) , PARAGON (5%) Palaeo Shelf Edge Sediment Input Sediment Input ALBATROSS SEAGULL & Albatross and other GANNET
Slide 11: PEL 87 Orange Basin
PEL 87 ORANGE BASIN * PANCONTINENTAL 75%, OPERATOR * HIGH LEVEL OF LOCAL ACTIVITY (SHELL, TOTAL, KOSMOS etc) * 10,947 SQ KM BLOCK, OFFSHORE ORANGE BASIN * 2,400 SQ KM TURBIDITE COMPLEX on MATURE OIL SOURCE PANCONTINENTAL 75% Kudu Gas Field PEL 87 Development PEL 37 Namcor 10% Pancontinental 20% Cust
Slide 12: True World Class Oil Potential In Namibia PEL 87
TRUE WORLD CLASS OIL POTENTIAL IN NAMIBIA PEL 87 *PEL 87 – 10,947 Sq Km * Saturn Complex‐ 2,400 Sq Km *Basin‐floor Turbidite Complex‐‐‐‐ ‐‐‐On top of Mature Oil Source *Independent Closures LEAD F LEAD A PANCONTINENTAL (75%), OPERATOR Channels at mid Mounded Aptian Facies CUSTOS (15%) Unconformity 2
Slide 13: True World Class Oil Potential – Saturn Superfan
TRUE WORLD CLASS OIL POTENTIAL – “SATURN SUPERFAN” c. 280m Thick *Saturn Complex‐ 2,400 Sq Km *Basin‐floor Turbidite Complex‐‐‐On top of Isopach Map Mature Oil Source Late Aptian Saturn Superfan *Independent Closures *Pancontinental 75%, Operator Zero Edge 2D SEISMIC SECTION Moosehead 1 THICK SHALE
Slide 14: How Much Oil Might Saturn Contain?
HOW MUCH OIL MIGHT SATURN CONTAIN? PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL)* INDIVIDUAL LEADS PEL 87 Prospective Resources Lead Gross Prospective Resources Pancontinental Net Entitlement 1 Name GPoS MMbbls MMbbls P90 P50 Mean P10 P90 P50 Mean P10 Lead A 39 152 224 549 28 108 160 391 11% Lead C1 2
Slide 15: Prospective Oil Resources (Recoverable Oil)
PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL) The Superfan has been examined by Mr Brian Diamond an independent expert in calculating Prospective Hydrocarbon Resources. The potential recoverable oil resources, classified as Prospective Resources, have been estimated probabilistically on an unrisked, B
Slide 16: Pancontinental's Goals
PANCONTINENTAL’S GOALS Pancontinental ‐ • Recently created the extraordinary Saturn project in Namibia PEL 87 • Seeking a Farminee for 3D Seismic then Drilling PEL 87 • Continues exploration in the highly prospective Namibia PEL 37 project Pancontinental aims to‐ • Keep finding World–Scale Oil oppor
Slide 17: International Oil Exploration
INTERNATIONAL OIL EXPLORATION PANCONTINENTAL OIL & GAS NL Head Office – Level 1, 10 Ord Street, West Perth, Western Australia 6005 Postal Address - PO Box 1154, West Perth, Western Australia 6872 Telephone +61 8 6363 7090 Facsimile +61 8 6363 7099 ACN 003 029 543 www.pancon.com.au
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