NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (December 2011)
28 slides from NGE Capital's investor presentation, Dec 2, 2011
Slide 1: December 2011
For personal use only December 2011
Slide 2: Disclaimer
The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of New Guinea Energy Ltd and or its various business activities. While management has taken every effort to ensure the accuracy of the material in the presentation, the pre
Slide 3: New Guinea Energy Corporate Overview
NEW GUINEA ENERGY CORPORATE OVERVIEW High Potential Exploration Portfolio • First mover advantage on Western Province acreage For personal use only • 6 onshore licences, 44800km2 (11M acres), 50-100% interest • Balanced portfolio of both oil and gas prospects • >8500mmboe unrisked PIIP1 • 1000 mmboe
Slide 4: Capital Structure
CAPITAL STRUCTURE Trading Statistics ASX Code: NGE For personal use only This Month No of Shares Listed: 846,541,193 Last $0.06 Market Cap: A$51 million at $0.06 High $0.066 Options: Low $0.046 12,000,000 exercisable @ $0.30 before 1 March 2012 2,000,000 exercisable @ $0.25 before 28 December 2012 H
Slide 5: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE MANAGEMENT BOARD For personal use only Grant Worner - Chief Executive Officer Michael Arnett - Executive Chairman A chemical engineer who spent 22 years with BP in E&P, Trading, A lawyer with over 20 years experience in capital raising and M&A i
Slide 6: Overview of PNG Participants
OVERVIEW OF PNG PARTICIPANTS For personal use only 6
Slide 7: Exploration Portfolio
EXPLORATION PORTFOLIO • 6 onshore licences, 44,800km2, 50-100% interest For personal use only • Balanced portfolio of both oil and gas prospects • >8500mmboe unrisked PIIP1 Predominantly Oil Plays Predominantly Gas Plays Unrisked PIIP Unrisked PIIP Licence (mmboe) Leads Licence (Tcf) Leads PPL265 >2
Slide 8: Impending Growth Catalysts
IMPENDING GROWTH CATALYSTS (Excluding Farm-out and Corporate Negotiations) 4Q 2011 For personal use only • PPL269 Equity decision - PRL3 P’nyang Appraisal Well (Regional activity) • New drilling rig in PNG - PPL235 Weimang Exploration Well (Regional activity) • PPL265 seismic acquisition 1st Half 20
Slide 9: PPL265 prospects and leads
2000mmboe unrisked PIIP1 PPL 269 4 prospects and 30+ leads Predominantly a gas play For personal use only NGE Activity • Regional seismic acquired in 2011 • Siphon-1 Exploration well drilled as technical success but uncommercial. Plugged and abandoned. • Seismic in 2H12 to identify drill location •
Slide 10: PPL266 unrisked PIIP leads
PPL 268 >200mmboe unrisked PIIP1 9 leads Southern margin of Cecilia Trough gas kitchen For personal use only Predominantly a gas play NGE Activity • Regional seismic acquired in 2011 • Seismic in 2H12 to identify drill location • Planned drilling in 2013 Regional Activity • PRL21 Elevala and Ketu Ap
Slide 11: PPL277 leads
PPL 277 2200mmboe unrisked PIIP1 13 leads Both gas and oil plays For personal use only NGE Activity • Seismic acquisition in 1H12 Regional Activity • PRL 11 seismic acquisition • PRL11 Trapia-1 exploration well in 1H12 by ExxonMobil and Oil Search • APPLs by ExxonMobil and Oil Search on neighbouring
Slide 12: PPL277 Regional Activity
PPL 277 Regional Activity • PPL277 Seismic acquisition • PRL11 Trapia exploration well in 1H12 by For personal use only Potential shift of previously identified Trapia Structure ExxonMobil and Oil Search toward PPL277 based on drilling pad location • APPLs by ExxonMobil and Oil Search on neighbourin
Slide 13: PPL unrisked PIIP leads, oil play
PPL 265 >2000mmboe unrisked PIIP1 14 leads For personal use only Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • Seismic in 2H11 to identify drill location • Planned drilling in 2012 Regional Activity • Proximity to potential LNG route Modelled Morehead Graben oil ki
Slide 14: PPL Exploration Data
PPL 265 Exploration Data For personal use only 14
Slide 15: PPL Trap & Play Types
PPL 265 Trap & Play Types 1. Inversion Anticline 2. Horst 3. Tilted fault block For personal use only 15
Slide 16: PPL Hydrocarbon Source Mata-1
PPL 265 Hydrocarbon Source Mata-1 (cuttings & SWC) TOC (wt%) Source rock type Source rock quality 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 For personal use only 95 Very Good Van Krevelen Diagram 1500 Excellent Mata-1 Cret-Jur (cuttings & core) 1630 Good Fair 1790 Type I 1960 600 L. Cret SWC 2080 Type II 2200
Slide 17: PPL Hydrocarbon Source
PPL 265 Hydrocarbon Source For personal use only Mata-1 Oil samples Pr/Ph versus C27/C29 JAHAL-1 Samp2 • Bitumen extracts from 6 SWCs 5 ELANG-1 • Biomarkers – dominantly KAKATUA-1 Oxic waxy/terrestrial 4.5 OCTAVIUS-1Samp2 Mata-1 4 Extracted OCTAVIUS-2 •Organic facies variation bitumens LAMINARIA-1 c
Slide 18: PPL drillable prospect and leads
550mmboe unrisked PIIP1 PPL 266 1 drillable prospect and 13 leads Northeast corner of block high graded due to recent gas discoveries on trend For personal use only Predominantly a gas play NGE Activity • Regional aerogravity data suggests likely hydrocarbon migration pathways into PPL266 PPL 235 •
Slide 19: PPL Migration Pathways
PPL 266 Migration Pathways Regional source kitchens For personal use only Kau Regional Top Toro Trough depth contours PPL 235 PPL 266 19
Slide 20: PPL Example Leads
PPL 266 Example Leads S N For personal use only PPL 235 Amoeba 20
Slide 21: PPL Example Leads
PPL 266 Example Leads For personal use only SW NE PPL 235 LM7 21
Slide 22: PPL leads, oil seep and play
PPL 267 1700mmboe unrisked PIIP1 10 leads 35 API oil from seep identifies oil play in foreland For personal use only Predominantly an oil play NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June 2010 and was plugged and
Slide 23: PPL Panakawa-1 Log Analysis
PPL 267 Panakawa-1 Log Analysis For personal use only 15m gas column in Alene Sst. Water wet 23
Slide 24: PPL Type I Kerogen Transformation
PPL 267 Type I Kerogen For personal use only Transformation present-day X Y Note: location of Section Line XY (red) 24
Slide 25: PPL Hydrocarbon Charge Model
PPL 267 Hydrocarbon Charge Model X Section Line from previous figure Y For personal use only Loss of nC15 alkanes Mild biodegradation “hump” near or above 80ºC Panakawa seep oil GM-MS chromatogram, saturated HCs MPI ~0.86 Ro% Present-day onset Type I oil 25
Slide 26: PPL Example Seismic
PPL 267 Example Seismic Gas chimney? W E For personal use only Top Darai Base Darai Alene Toro Deeper Basement targets? 26
Slide 27: New Guinea Energy Summary
NEW GUINEA ENERGY SUMMARY For personal use only • High potential acreage • Actively exploring for oil and gas • Business Development – Farmout discussions – New rig 27
Slide 28: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS Sydney For personal use only Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401 Level 5 Level 4 Pacific MMI Building 2-10 Loftus St Champion Parade Sydney NSW 2000 Port Moresby PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 (0) 2 9252 0039 F: +67
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