Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Oil and Gas Conference, Windhoek, Namibia 2014
38 slides from Pancontinental Energy Nl's conference presentation, Apr 17, 2014
Slide 1: Conference Presentation, Windhoek, Namibia - April 2014
For personal use only Barry Rushworth CONFERENCE PRESENTATION CEO & Executive Director Windhoek, Namibia - April 2014 1
Slide 2: Disclaimer
Disclaimer These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, For personal use only redistributed or passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for
Slide 3: Pancontinental Management Team
Pancontinental Management Team For personal use only David Kennedy Barry Rushworth Ernie Myers Non-Executive Chairman Executive Director Executive Finance Director Chief Executive Officer Anthony Maslin Vesna Petrovic Independent Non- Company Secretary Executive Director 3
Slide 4: Corporate Snapshot
Corporate Snapshot • Pancontinental Oil & Gas is listed on the Australian Securities Exchange (ASX) For personal use only under code PCL • Pancontinental has a long-standing African focus • Technically driven- projects must have sound country entries and a powerful technical story • Pancontinental h
Slide 5: Offshore Kenya
For personal use only OFFSHORE KENYA..... 5
Slide 6: Offshore Kenya - Factors for Success - The Theory
Offshore Kenya - Factors for Success - The Theory THE THEORY – Favourable Depositional Environment For personal use only Kenya •The Tana River delta developed inboard from the Davie – Walu Ridge into the Tembo and Maridadi Troughs •Restricted Jurassic to Tertiary restricted depositional environments
Slide 7: Drilling Success - Mbawa Gas Discovery and L10A Sunbird Discovery
DRILLING SUCCESS– Mbawa Gas Discovery and L10A Sunbird Discovery For personal use only 0 Km 50 Sunbird Starling West Prospect Longclaw-Starling Prospect • Pancontinental believes Discovery the Kenyan inboard area is Mombasa “oily” Miocene Reef L10A • The Mbawa Gas discovery Prospects in L8 is the fi
Slide 8: Kenya Block L6 Hydrocarbon Potential
Kenya Block L6 Hydrocarbon Potential For personal use only • Tana River depocentre Kudu • Numerous Prospects and Leads ONSHORE AREA Mamba • Variety of play types- clastics and carbonates Boundary Anticline • Deep central graben / kitchen- Maridadi Trough • 3D and 2D coverage • Oligo- Miocene Reef “S
Slide 9: Kenya L6 - Kifaru Prospect
Kenya L6 – Kifaru Prospect Kifaru Prospect Large Size • For personal use only Areal Closure approx 30 sq km • Oligo- Miocene Reef “Stack” • Vertical 2,000+ m • Kipini Sands second target Follow- Up • Oil-mature Eocene source rocks predicted at c. 3,500m • Reef “swarm” in L6 • Other major 3D prospect
Slide 10: Offshore Namibia
For personal use only OFFSHORE NAMIBIA..... www.pancon.com.au 10
Slide 11: Offshore Namibia - Factors for Success
Offshore Namibia – Factors for Success DEAL FLOW – [x]THE THEORY – Basin Development THE THEORY – [x] For personal use only • Tectonic conjugate of Offshore Brazil Africa • Channel sands and turbidites identified on Slope South America and Basin Floor 1 • Source rocks in Rift and early Drift phases
Slide 12: Offshore Namibia - Factors for Success
Offshore Namibia – Factors for Success DEAL FLOW – [x] THE THEORY – [x] RECENT OIL RECOVERY AND THE FUTURE – Building on Success For personal use only • Wingat 1 Oil Recovery- March 2013, good thick mature source rocks reported • Farmout to Tullow - September 2013 • 3D, 2D and drilling planned 2014
Slide 13: Prospective Resources
Prospective Resources Large Block, Proven Regional Oil System For personal use only • Offshore Namibia-- 17,295 sq km (4,273,687 acres) • Pancontinental 30% free carried • Tullow Oil (Operator) 65%, Paragon (local partner) 5% • Oil Mature Fairway mapped by Pancontinental • First Oil recovery and hig
Slide 14: Namibia EL 0037 - Oily Sweet Spot?
Namibia EL 0037 – Oily Sweet Spot ? EL 0037 offshore Namibia Natural Oil Seepage “Bullseye” over Inner For personal use only Graben in EL 0037 (Data Source : HRT) EL 0037 EL 0037 Wingat 1 Light Oil Recovery 2012 Namibia EL 0037 covers blocks 2012B, 2112A and 2113B Petroleum Agreement & Explorati
Slide 15: Offshore Namibia - Concepts
Offshore Namibia – Concepts 1 Basin Floor Axis (Transition Zone) For personal use only Slope / Shelf EL 0037 Boundary OIL SYSTEM OIL MATURE • Good Oil Prone Source Rocks seen regionally FAIRWAY - Top Transition • Oil-mature Fairway “Kitchen” in Inner Graben Zone Oil Generated and ----- Oil “Sweet Sp
Slide 16: Offshore Namibia - Concepts
Offshore Namibia – Concepts 2 Model of Slope and Basin-Floor Deposition Sediment input from HYDROCARBON ENVIRONMENT For personal use only coastal Shelf Area • Oil Recovery from Wingat 1 well - May 2013 • Numerous large Leads in EL 0037 Basin Floor Fans EL 0037 Channel sands • Oil Source Rocks in res
Slide 17: Source Rocks
Source Rocks - 1 SOURCE DATA For personal use only Mid Albian to Cenomanian (W3 Gp ) 1911/10-1 & 1911/15-1 Excellent Source Potential Excellent Source potential- W3 gp (Mid Albian to Cenomanian) TOC 0.3% to 2.0% within Gp from approx 3,500 to 3,700m KB HI 50 to 250 (fair to good) Ro 0.5% (early matu
Slide 18: Source Rocks
Source Rocks - 2 SOURCE DATA For personal use only Late Cenomanian, Turonian to Santonian (W4 Gp ) 1911/15-1 Excellent Source Potential Excellent Source potential late Cenomanian,Turonian to Santonian (W4 gp ) TOCs max 5 to 10%, very good Type II DSDP 530 HI to 600 (oily) Excellent Source High Urani
Slide 19: Source Rocks Summary
Source Rocks Summary 1. BARREMIAN / APTIAN SOURCE ROCKS - VERIFIED For personal use only Main regional oil and gas source in southern Namibia. HI’s indicate oil prone/mixed quality. 2. MID ALBIAN TO CENOMANIAN Excellent source potential seen offshore northern Namibia. 3. CENOMANIAN,TURONIAN, SANTONI
Slide 20: Thermal History
Thermal History Fission track analysis indicates Neogene heating event For personal use only Fig. 17
Slide 21: Reservoir Potential
Reservoir Potential WELLS 1911/10-1 & 1911/15-1 For personal use only Excellent Reservoir Potential- W5 gp (Santonian to Maastrichtian ) Thick claystones / mudstones with clean sandy intervals / basin floor fans. Examples- 1911/10-1 3250-3292m KB 35m Net sand por 25-30%, perm 72-422 mD Very Good Res
Slide 22: Representative Seismic Section - 2012/13-1
Representative Seismic Section- 2012/ 13-1 Top Late For personal use only Oligocene Base Tertiary TERTIARY tTop Santonian tTop Turonian UPPER CRETACEOUS Top Late Albian TURONIAN CENOMANIAN- Base Late APTIAN Top Rift – Drift Albian TRANSITION ZONE Transition Zone (Mid – Aptian) SYN - RIFT Top Syn – S
Slide 23: Lead Example
For personal use only A-B 1 Lead Example
Slide 24: Lead Example
Lead Example For personal use only A-B 1 Lower Slope Turbidite? Carbonate accumulation? A B
Slide 25: Lead Example
For personal use only A-B 2 Lead Example
Slide 26: Lead Example
Lead Example For personal use only A-B 2 Upper Cretaceous Turbidite Drilled by 2012/ 13-001 Lower Slope Lower Transition Zone Turbidite (?) Carbonate? A B
Slide 27: Lead Example
Lead Example A-B 4 For personal use only Lower Slope Turbidite Flat Event A B
Slide 28: Lead Example
For personal use only C3 A-B 5 Lead Example
Slide 29: Lead Example
Lead Example For personal use only A-B 5 Transition Zone Turonian Lower Slope Flexure Transition Turbidite Zone Channel ? A B
Slide 30: Lead Example
Lead Example For personal use only D5 Dalia Field Angola Basin-Floor Channel ? Volcanic? ?Flat Event ? D
Slide 31: Leads Base Map
Leads Base Map 2.7 2.85 For personal use only 2.3 G 3.5 A 3.6 B 3.33 1.6 L 2.6 3.01 O 3.7 M O 3.7 3.4 3.9 J 3.7 3.1 3.9 3.9 3.9 M D 3.8 C 3.4 2.8 3.759 K H 0.86 L 3.1 3.1 3.694 E 0.708 c4.0 3.8 3.17 F 3.76 0.86 3.1 3.04 c4.2 3.1 2.4 N 0.7 Synclinal Axis 3.86 3.0 0.78 Top Transition Zone J Basin Marg
Slide 32: Block EL 0037 - Tullow Farm In
Block EL 0037 – Tullow Farm In Tullow Oil Farmed in - Sep ‘13 For personal use only • Tullow Oil becomes partner and Operator after farmin in September 2013 • Tullow is one of the most successful explorers in Africa and globally, opening new oil basins in Uganda, Ghana, Kenya and French Guiana Aggre
Slide 33: Fan Anomalies are Main Targets
Fan Anomalies are Main Targets For personal use only • Operator Tullow Oil is a leading expert of hydrocarbon systems along the West African margin • Tullow has mapped four key Leads for 3D seismic in early 2014- Albatross, Petrel, Gannett and Seagull are Apto- Albian features mapped in close associ
Slide 34: 3D Seismic Survey
3D Seismic Survey Albatross For personal use only Seagull Petrel Gannet • Tullow Farmin September 2013 • 3D Survey of 3,000 completed April 2014 over four key Leads KEY LEAD AREAS – Sq Km • 2D survey of 1,000km –completion imminent Area Lead Pmean • 2D Survey will highlight additional Leads Albatros
Slide 35: Depositional Analogue - Marlim Oil Field (Brazil)
Depositional Analogue – Marlim Oil Field (Brazil) • For personal use only Four key Leads mapped by EL 0037 operator Tullow Oil • The Marlim Oil Field in the Campos Basin offshore Brazil has an analogous depositional system • Marlim covers an area of 137 sq km and is estimated to have had 9 Billion B
Slide 36: Summary
For personal use only SUMMARY..... 36
Slide 37: Pancontinental Summary
Pancontinental Summary • One of the largest African offshore acreage positions of any junior company For personal use only • Track record of – • working with African governments to secure new acreage • introducing high quality major partners for accelerated activity • prudent capital and exploration
Slide 38: Pancontinental Oil & Gas NL
For personal use only Pancontinental Oil & Gas NL Ground Floor 288 Stirling Street Perth, WA 6000, Australia Tel: +61 (8) 9227 3220 Fax: +61 (8) 9227 3211 www.pancon.com.au 38
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