Central Petroleum Limited · ASX:CTP

Central Petroleum — Noosa Mining & Exploration Conference 2014

16 slides from Central Petroleum's conference presentation, Jul 18, 2014

  1. Slide 1: Central Petroleum Limited: Producing Results

    For personal use only Central Petroleum Limited (ASX:CTP) Producing Results Noosa Mining & Exploration Conference Friday, 18th July 2014 0

  2. Slide 2: Disclaimer

    Disclaimer For personal use only 1.This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc

  3. Slide 3: Overview

    Overview For personal use only  Oil & Gas Producer with Oil at Surprise and Gas at Palm Valley  Monthly Gas Sales in June earned over $0.5 Million in revenue  Monthly Crude Sales in June will earn around $0.8 Million in revenue  Southern Georgina JV Phase 1 Drilling Programme commenced  Mt Kitt

  4. Slide 4: Southern Georgina Joint Venture

    Southern Georgina Joint Venture For personal use only  Joint Venture with Total; targeting unconventional gas  Positioned to take advantage of projected “gas shortfall” in Eastern seaboard  Opening new gas province  Close to infrastructure  Seeking “Project” status under legislation  These ame

  5. Slide 5: Central Petroleum Interests

    Central Petroleum Interests Cormeved = ts . ge $5 2 4 Mount £ E ie Cloncumy Be Bree = 2 ie EP(A)IS2 iy cal “ee uD : Surprise well Fa L122 a acslemionn noe and EP115 ‘STP-EPA.0072) production eee br license reel E {application number pplication plied STP-EPA-0003) hati u q rs ag 19/089 F (application

  6. Slide 6: Palm Valley & Dingo – A Strategic Play

    Palm Valley & Dingo – A Strategic Play For personal use only DINGO DEVELOPMENT  50km pipeline to Alice Springs through the MacDonnell Ranges  Development of Dingo (including pipeline) costs around $24 Million financed through $30 Million Macquarie Facility  Retention Licences 3 & 4 offer incremen

  7. Slide 7: Palm Valley & Dingo – A Strategic Play (Continued…)

    Palm Valley & Dingo – A Strategic Play (Continued…) For personal use only DINGO  Sales contract with Power & Water Corporation (PWC)  From 2nd Calendar Quarter 2015, 1.2 PJ pa commences  Flow test was nearly double prognosis  Seeking near term incremental sales FINANCING  Obligation to repay 50

  8. Slide 8: Palm Valley & Dingo - Transaction Overview

    Palm Valley & Dingo ‐ Transaction Overview For personal use only PURCHASE PRICE ($35M)  $20 Million Cash  39 Million CTP Shares (11.4% interest) TRANSACTION FUNDING  Cash requirement of transaction is fully funded through a $50 Million Macquarie debt Facility:  $20 Million Acquisition Finance 

  9. Slide 9: Asset Overview

    Asset Overview For personal use only Key Assets Palm Valley Field  Reserves*: 53 BCF (~10 MMBOE) Depth map, Pacoota sst  After completion of Dingo, CTP will own a 50km pipeline giving it access to Alice Springs & NT Markets  CTP will have 100% interest in all reserves & field infrastructure Estim

  10. Slide 10: Asset Description Table

    Asset Description Table For personal use only Palm Valley Dingo History  Discovered in 1965  Discovered in 1981  Producing gas since 1983  Gas production is currently scheduled to begin in early CY2015 Location  120km WSW of Alice Springs  65km South of Alice Springs Area  638km2  470km2 Wel

  11. Slide 11: Location Map – CTP assets with Palm Valley, Dingo

    Location Map – CTP assets with Palm Valley, Dingo For personal use only 10

  12. Slide 12: Amadeus Joint Venture (excl. NW Mereenie)

    Amadeus Joint Venture (excl. NW Mereenie) For personal use only  Stage 1 completion earns Santos 25% interest in Southern Amadeus Exploration Permits 82, 105, 106, 107, 112, EPA147 and RLs 3 & 4  Mt Kitty 1 completion will earn Santos 70% of EP125  Results of ~1500km 2D seismic are encouraging, w

  13. Slide 13: Mt Kitty

    Mt Kitty For personal use only  Free – carried under Santos farm‐in  Flowed at ~500,000 cf/d rate – see earlier releases  Fractured Basement Play is inferred from initial logs  Analogues might be production from fractured basement reservoirs in Vietnam, China, Japan, Indonesia, Egypt, Libya, UK,

  14. Slide 14: Surprise

    Surprise For personal use only  Production around 200 BOPD  Tapis quality crude  Earned monthly revenue of $800,000 in June 13

  15. Slide 15: Summary

    Summary For personal use only  Palm Valley and Dingo – secured infrastructure and production  Amadeus Basin Santos JV ‐ Mt Kitty initial flow at ~500,000 cf/d rate with 9% helium but well/testing incomplete  Southern Georgina Total JV – 3 well program to commence in the second half of July  Surp

  16. Slide 16: Contact Details

    Contact Details For personal use only Central Petroleum Limited 56‐58 Jephson St., Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 15

Central Petroleum — Noosa Mining & Exploration Conference 2014 on 6ix