Central Petroleum Limited · ASX:CTP
Central Petroleum — Investor Presentation (May 2023)
14 slides from Central Petroleum's investor presentation, May 12, 2023
Slide 1: Investor Update
For personal use only Investor Update 12 May 2023 Central Petroleum Limited (ASX:CTP)
Slide 2: March 2023 quarter highlights
March 2023 quarter highlights Revenue up 50% on December quarter: $10.9m revenue off back of: For personal use only - 25% jump in sales volumes - 20% higher average gas prices Subsalt exploration farmout complete: Farm-out completed, crystallises plans for drilling three exploration wells targeting
Slide 3: Strong March Quarter Performance
Strong March Quarter Performance For personal use only Further Mereenie production enhancements planned - Recompletions of five wells currently in progress - Two new wells planned for later this year (subject to JV approval) Sales volume 1.3 PJe Up 25% - Flare gas recovery compressor to be installed
Slide 4: Well Funded for Growth Projects
Well Funded for Growth Projects Positive cash flows in March quarter Carry funds available For personal use only Cash balance $14.2m Up $0.5m $2.1m available at 31 March 2023 + $3.8m net cash flow from operations less corporate costs Part of consideration for partial asset sale to NZOG/CUE - $0.7m s
Slide 5: Southern Amadeus Sub-salt Exploration
Southern Amadeus Sub-salt Exploration Helium / Hydrogen / Hydrocarbons Three wells commencing in late 2023 / early 2024 For personal use only Jacko Bore-2 lateral designed for flow testing Mahler-1 fractured basement + 3 secondary targets Dukas-2 targeting fractured basement through thinner salt Key
Slide 6: Southern Amadeus Sub-salt Exploration – World-class potential
Southern Amadeus Sub-salt Exploration – World-class potential Success in the Southern Amadeus could deliver multi-tcf of Natural Gas plus world-class helium quantities For personal use only High helium potential in Amadeus Basin ▪ >95% of helium supply is a by-product of gas or LNG production ▪ >0.3
Slide 7: Peak Farmout Underpins Investment in High Impact Exploration
Peak Farmout Underpins Investment in High Impact Exploration Farmout completed on 31 March 2023 Key investment drivers For personal use only Dukas (35% interest) • Enormous potential value • Mean Prospective Gas Resource1 includes 199 bcf (Central share 70 bcf) of helium, 253 bcf (Central 89 bcf) of
Slide 8: Market Regulation
Market Regulation Safeguard Mechanism and Draft Mandatory Code of Conduct – Key Elements for Central: For personal use only • Applicable from mid-2023 • Price cap on gas set at $12/GJ through 23 December 2023 • Appears to be at point of sale which would include ex-field delivery • Automatic exemptio
Slide 9: Near-term activity
Near-term activity Zevon seismic (100%) Mereenie production Subsalt gas, helium and enhancement (25%) hydrogen target For personal use only 5 well recompletions underway Seismic planned Planning underway for: Farm-out candidate L6 • 2 new development wells(3) * Mamlambo drilling (100%) OL4/5 OL3 18
Slide 10: The year ahead
The year ahead Central is well positioned to take advantage of strong domestic gas markets and participate in its most For personal use only significant Amadeus Basin exploration program to date Increasing production to supply strong gas markets • Mereenie recompletions currently underway • Mereenie
Slide 11: Appendix: Reserves and Resources Information
For personal use only Appendix 1 Reserves and Resources Information 11
Slide 12: Appendix 1: Resources information
Appendix 1: Resources information Prospective Resources Units Low Estimate Best Estimate High Estimate Mean Prospective Resources For personal use only Dukas (EP112) Central 35% interest The volumes of Prospective Resources included in this report Helium Bcf 6.0 39.9 165.2 69.7 represent the unriske
Slide 13: Notice and Legal Disclaimer
Notice and Legal Disclaimer To the maximum extent permitted by law: 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 presen
Slide 14: Contact and Further Information
Level 7, 369 Ann Street Brisbane QLD 4000 For personal use only Contact and Australia Further Information +61 (0)7 3181 3800 info@centralpetroleum.com.au This presentation was approved and authorised for www.centralpetroleum.com.au release to ASX by Leon Devaney, Managing Director and Chief Executiv