Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Investor Presentation (July 2014)
20 slides from Carnarvon Energy's investor presentation, July 2014
Slide 1: Investor update July 2014
ASX: CVN Investor update July 2014
Slide 2: Create Something Remarkable
Create Something Remarkable
Slide 3: Experienced People
Experienced People CARNARVON ds, 4) Oil Finders SKIN IN THE GAME @ Engineering
Slide 4: Financial Resources
Financial Resources 1 1. Comprises an undiscounted receivable of up to US$32m converted to AUD at A$0.90/US$
Slide 5: Award of New Exploration Permits (Cerberus)
Award of New Exploration Permits (“Cerberus”) Carnarvon Basin, Western Australia
Slide 6: Cerberus: Three New Blocks Awarded May 2014
Cerberus: Three New Blocks Awarded May 2014 Wandoo field Harriett field Stag field Existing oil fields or discoveries Existing gas fields or discoveries
Slide 7: Cerberus: Multiple Play Types
Cerberus: Multiple Play Types • Blocks substantially covered by quality 3D and 2D seismic data • Multiple play types are being worked on with oil the predominant target • Some plays have been rarely tested on the North West Shelf
Slide 8: Cerberus: Carnarvon's plans
Cerberus: Carnarvon’s plans Reprocessed 3D seismic line courtesy of Downunder Geosolutions • Interpret newly reprocessed 3D seismic data: results by end Q3, 2014 • Independent drilling cost estimates received: $15 to $20 million on target depth • Present opportunity to potential partners: start end
Slide 9: Testing of Regional Gas Play (Phoenix)
Testing of Regional Gas Play (“Phoenix”) Bedout Sub-Basin, Western Australia
Slide 10: Phoenix: Regional gas test
Phoenix: Regional gas test Phoenix South-1 well
Slide 11: Phoenix South-1: currently drilling
Phoenix South–1: currently drilling P-2 Phoenix South-1 Phoenix-1 P-1 (Apache 2014) (BP 1980) PS-1 Phoenix-2 (BP 1982) 700 metres gross gas interval 100 to 150 metres net gas pay ~10km
Slide 12: Phoenix: Beyond Phoenix South-1 well
Phoenix: Beyond Phoenix South-1 well Zeester 3D seismic acquired & processed Phoenix South-1 Drilling now Roc well Apache Option to acquire 40% Contingent on Phoenix interest over two South-1 result blocks
Slide 13: Onshore Oil Production Phetchabun Basin, Central Thailand
Onshore Oil Production Phetchabun Basin, Central Thailand
Slide 14: Thailand – Onshore Assets
Thailand – Onshore Assets • 20% interest in producing oil fields onshore Thailand • 8 oil producing fields wherein production recently increased to ~4,000 bopd gross • 100 km2 under production license with significant reserves • Low-cost onshore operating environment • 6 million barrels 2P oil reser
Slide 15: Thinking Differently in Thailand
Thinking Differently in Thailand 1 1 Optional caption lorem ipsum 1. Includes an undiscounted receivable of US$32m converted to AUD at A$0.90/US$
Slide 16: 1. Includes an undiscounted receivable of US$32m converted to AUD at A$0.90/US$
1 1 1. Includes an undiscounted receivable of US$32m converted to AUD at A$0.90/US$
Slide 17: Disclaimer
Disclaimer The information in this document, that relates to oil exploration results and reserves, is based on information compiled by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga consents to the inclusion of the reserves and reso
Slide 18: Think different Act different – Addendum May 2014
Think different Act different Addendum May 2014
Slide 19: Addendum 1: Key Achievements
Addendum 1: Key Achievements • Two North West Shelf exploration wells (Phoenix South-1 and Roc) farmed out to Apache and JX Nippon; • Recovered all costs and retained a 20% free-carried interest through Phoenix-South-1 and Roc wells; • Prudently covered for success case outcomes in the present drill
Slide 20: Addendum 2: Corporate snapshot
Addendum 2: Corporate snapshot • Issued shares 987m • Share price (ASX:CVN) 8.5c • Listed options (ex 10c) 49m • Option price (ASX:CVNO) 3.6c • Market Cap A$84m • Cash A$50m • Debt nil • Enterprise value A$34m • Receivable1 A$35m Closing share price and volume over 12 months for ASX:CVN 1. Undiscoun
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