Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Investor Presentation (June 2017)
24 slides from Pancontinental Energy Nl's investor presentation, Jun 28, 2017
Slide 1: Bombora Acquisition: Portfolio Expansion and 2017 Drilling
Investor Presentation June 2017 For personal use only Bombora Acquisition Portfolio Expansion and 2017 Drilling
Slide 2: Cautionary Note
Cautionary Note As announced on 7 June, 2017, Pancontinental Oil & Gas NL (ASX:PCL) (“Pancontinental”) has executed a Binding Heads of For personal use only Agreement to acquire Bombora Natural Energy Pty Ltd (the “ Bombora Transaction”), a gas and oil explorer focused mainly on the appraisal of dis
Slide 3: Disclaimer
Disclaimer For personal use only These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, redistributed or passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for
Slide 4: Cautionary Note – Resource Estimations
Cautionary Note – Resource Estimations Prospective Resource Estimates Cautionary Statement For personal use only The estimated quantities of petroleum in this report that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These es
Slide 5: Investment Highlights
Investment Highlights • Pancontinental's acquisition of Bombora Natural Energy Pty Ltd (“Bombora”) (the “Acquisition”) adds new For personal use only near-term opportunities in line with its respected track-record of pursuing high impact oil and gas plays • The Bombora Acquisition strengthens and co
Slide 6: Corporate Snapshot
Corporate Snapshot Capital Structure (pre-Transaction) Capital Structure (post-Transaction)** For personal use only Share price (26/6/17) $0.002 Share price $0.002 Shares 2,450,077,042 Shares* 4,588,788,668* Options 100,000,000 Options 344,159,150* Market Capitalisation $4.9m Market Capitalisation $
Slide 7: Pancontinental Proposed New Board
Pancontinental Proposed New Board For personal use only David John Marie Barry Ernie Kennedy Begg Malaxos Rushworth Myers MA (Geology) BSc (Geology) BE Dip Bus BSc (Geology & CPA SEG GAICD Marine Sc) Proposed Proposed Proposed Proposed Proposed Non-Executive Executive Non-Executive Non-Executive Non
Slide 8: Corporate & Project Overview
Corporate & Project Overview For personal use only PCL Location About Others Interest Petroleum 65% Tullow Exploration [Operator] Licence 37 Free Namibia 5% Paragon 1 Offshore Carried Oil & Gas Large 30% Underexplored Oil Potential Sacramento Gas 4 farmin Basin - 11 Tcf projects Operators California
Slide 9: Acquisition Timeline and 2017 Drilling Program
Acquisition Timeline and 2017 Drilling Program • Bombora acquisition provides Pancontinental with multiple near term, high impact drilling opportunities For personal use only • Dempsey-1 is targeting stacked reservoirs in a large 3D defined structure beneath an existing producing field • Tulainyo-2
Slide 10: Offshore Namibia – A Free Hit at a Big Oil Play
Offshore Namibia Offshore Namibia – Finding – A Free Hit at a the OilPlay Big Oil “Sweet Spot”Location in a Stable Premier Africa Player Tullow farmed-in during 2013 - Exploration Program agreed for Tullow to earn 65% (PCL’s significant 30% Equity Free Carried) For personal use only • Free Carry inc
Slide 11: Namibia PEL – Multiple 3D Defined Targets
Namibia PEL 37 – Multiple 3D Defined Targets Multiple Large 3D Defined Targets analogous to typical West African Plays For personal use only • Excellent modern 3000 km² 3D data coverage identifies numerous large prospects and leads with submarine fan reservoir origins analogous to successful plays a
Slide 12: Namibia PEL – Finding the Oil Sweet Spot
Offshore Namibia Namibia PEL – Finding 37 High Upside the Oil “Sweet Spot” Oil Play Top 4 Prospects Gross P50 Prospective Resources total 915 MMbbl (275 MMbbl Net to PCL 30%) For personal use only PEL 37 Prospects and Leads Volumetrics Cormorant Oil prone, based on 124 MMbbls surface oil slicks and
Slide 13: California Gas Markets & Sacramento Gas Basin Overview
Offshore CaliforniaNamibia – Finding Gas Markets the Oil & Sacramento Gas“Sweet Spot” Basin Overview A Huge and Immediate Gas Market For personal use only • California has the 6th largest economy in the world and imports 90% of its gas which amounts to between 7Bcf and 11Bcf daily. • Gas market pric
Slide 14: Sacramento Gas Basin Potential Fold Belt
Sacramento Gas Basin Potential Fold Belt Strategic Synergy of assets • As with PCL’s African projects, Bombora is targeting under - explored conventional sandstone targets (16 wells For personal use only only) in Early Cretaceous age submarine fan reservoirs. These rocks generally underlie a younger
Slide 15: Dempsey-1 - The First Planned 2017 Well
Dempsey-1 - The First Planned 2017 Well The Dempsey Gas Project (Bombora earning 10% and 15% in look a like prospects on trend) For personal use only • The Dempsey-1 well is due to spud in mid July 2017. Operator Sacgasco Limited (ASX: SGC) works through highly regarded local drilling operator Dero
Slide 16: Tulainyo-2 The Second Planned 2017 Well
Tulainyo-2 The Second Planned 2017 Well An Untested Gas Discovery in A Large Anticline With Thick Conventional Reservoir For personal use only (Bombora through its US Subsidiary Gas Fields LLC earning 40% of up to a 33.33% interest*) • The Tulainyo-2 appraisal well will ‘twin” a 2014-2015 discovery
Slide 17: Tulainyo-2 Prospective Gas Resources
Tulainyo-2 Prospective Gas Resources Appraising a Potentially Giant Scale High Pressure Gas Resource For personal use only • Tulainyo is a very large structure that has multi TCF potential • The Tulainyo Prospective Resources quoted below are estimated on an un risked, probabilistic basis and are Ne
Slide 18: Alvares Gas Discovery – Upside for 2018 Drilling
Offshore Namibia Alvares Gas – Finding Discovery – Upside the Oil “Sweet for 2018 Drilling Spot” Large improperly tested Gas discovery on Trend from Tulainyo (Bombora earning up to 15%) For personal use only • 1982 discovery well on large +16km², high relief structure characterised by high pressure,
Slide 19: Walyering Gas Field – Late 2018 Drill Candidate
Walyering Gas Field – Late 2018 Drill Candidate Perth Basin Gas Field Produced Briefly in the 1970’s (Bombora right to earn 70% and For personal use only Operatorship) • Jurassic sandstone reservoirs below 3,000m in faulted anticline similar to on trend producing Gin Gin - Red Gully producing field.
Slide 20: Investment Highlights
Investment Highlights For personal use only • The Bombora Acquisition strengthens and complements Pancontinental’s high potential African projects, particularly its significant ongoing 30% free-carried interest offshore Namibia PEL 37 • Against the industry trend, two high impact wells are now plann
Slide 21: For personal use only
For personal use only Head Office - Level 1, 10 Ord Street, 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
Slide 22: App. 1: Acquisition of Bombora Natural Energy Pty Ltd
App. 1: Acquisition of Bombora Natural Energy Pty Ltd • Pancontinental has executed a Binding Heads of Agreement to acquire Bombora Natural Energy Pty Ltd For personal use only • Pancontinental will acquire all of the issued capital of Bombora on the basis of up to 26 Pancontinental shares for each
Slide 23: App. 2: Bombora Projects
App. 2: Bombora Projects Dempsey Gas Project Under a farmin agreement with Sacgasco Limited (ASX:SGC) Bombora may earn a 10% interest by funding 20% of a For personal use only • planned 3,200m well, up to an agreed cost “cap”. • Bombora has already contributed A$450,000 with an estimated further cos
Slide 24: App. 3: Bombora Projects (cont.)
App. 3: Bombora Projects (cont.) Dempsey Trend Project For personal use only • Under a farmin agreement with Sacgasco and Xstate Resources Limited (“Xstate” ASX: XST) the Company is in the process of earning a 15% interest in acreage within a large prospective area which includes at least 3 identifi
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