Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Good Oil Conference 2018
15 slides from Cue Energy Resources's conference presentation, Sep 13, 2018
Slide 1: Good Oil Conference
For personal use only CUE ENERGY RESOURCES LIMITED ASX:CUE Good Oil Conference Perth 13th September 2018
Slide 2: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Cue Energy Resources Limited(ASX: CUE). The material provided does not constitute an invitation, solicitatio
Slide 3: Investment Highlights
Investment Highlights Cashflow positive with exciting Ironbark potential For personal use only • Strong FY2018 financial results • Cashflow from diversified production • Near term value from Paus Biru-1 drilling • Company changing potential from Ironbark 15 Tcf prospect • Significant upside from Car
Slide 4: Production and Exploration Operations
Production and Exploration Operations For personal use only Indonesia Exploration Mahakam Hilir PSC (Op) Mahato PSC Jakarta office Indonesia Production Sampang PSC New Zealand Production PMP 38160 (Maari) Australia Melbourne Exploration Head Office WA-359-P (Op) WA-409-P WA-389-P (Op) 4
Slide 5: FY18 Full Year Results
FY18 Full Year Results Sustainable, cashflow positive business For personal use only • $7.7 million Profit • $6.8 million Net Cashflow from Operations • $24.5 million Production Revenue • Impacted by ceased Sampang oil production and associated reduction in gas rates • 24% reduction in Production Co
Slide 6: Oil Revenue
Oil Revenue Maari & Manaia fields, New Zealand - Cue 5% For personal use only • $10.6million FY2018 Revenue • Changes to New Zealand offshore exploration do not affect existing fields, including Maari • A number of projects aimed at incremental Maari production increases and facility life have been
Slide 7: Fixed Price Gas Revenue
Fixed Price Gas Revenue Sampang PSC, Indonesia - Cue 15% For personal use only • $13.9 million FY18 revenue from Oyong and Wortel gas fields under well priced contracts • Fields currently exceeding production targets • High cost oil processing infrastructure removed during 2017 resulting in 50% redu
Slide 8: Paus Biru Exploration drilling
Paus Biru Exploration drilling Sampang PSC, Indonesia - Cue 15% For personal use only • Paus Biru-1 expected to spud by November 2018 • Target is a Mundu formation reservoir, well known in the area and analogous to Oyong and Wortel gas producing zones • Paus Biru prospect defined off a seismic flats
Slide 9: Ironbark Prospect - Company Changing Opportunity
Ironbark Prospect - Company Changing Opportunity WA-359-P Australia - Cue 100% For personal use only • 15 Tcf prospective recoverable gas in the Carnarvon Basin (100%, unrisked) • 50km from North West Shelf LNG infrastructure provides access to commercialisation • Support from BP and Beach Energy wi
Slide 10: Ironbark Prospect - Company Changing Opportunity
Ironbark Prospect - Company Changing Opportunity WA-359-P Australia - Cue 100%* For personal use only TR17 structure map with Ironbark prospect • Simple, Deep Mungaroo prospect with 15tcf potential recoverable gas resource • 400km2 fault bounded horst structure with North/South dip closure • Defined
Slide 11: Ironbark Upside Potential
Ironbark Upside Potential WA-409-P and WA-389-P For personal use only WA-409-P WA-389-P • Adjoining permit north of WA-359-P • Adjoining permit northwest of WA-359-P • Contains high case Ironbark plus NE Ironbark • Bluegum lead within the Banambu Horst is prospect directly analogous and similar scal
Slide 12: Onshore Appraisal
Onshore Appraisal Mahakam Hilir PSC, Indonesia - Cue 100% For personal use only 1 DJD8 WDUD • Onshore Kutei Basin, East Kalimantan, a proven petroleum province 1 8 Z HOO SURSRVHG • Naga Utara 4 (NU-4) well planned as appraisal of 100m interpreted gas pay in Sambutan-8 well • Low cost 3000ft well, <5
Slide 13: Onshore exploration in an oil rich basin
Onshore exploration in an oil rich basin Mahato PSC, Indonesia - Cue 12.5% For personal use only • Underexplored permit in Central Sumatra Basin near Indonesia’s largest oilfields , Minas (3.5 billion bbl) and Duri (5.5 billion bbl) • Limited exploration progress to date due to Bangko partner issues
Slide 14: Investment Highlights
Investment Highlights Cashflow positive with exciting Ironbark potential For personal use only • Cashflow to fund growth • Paus Biru 1 drilling soon • Ironbark – a company changing opportunity • Carnarvon basin portfolio upside • Low cost Indonesian onshore exploration 14
Slide 15: For personal use only
For personal use only Level 3, 10 Queen Street, Melbourne VICTORIA – AUSTRALIA 3000 P. (+61) 3 8610 4000 F. (+61) 3 9614 2142 E. mail@cuenrg.com.au W. www.cuenrg.com.au Cue Energy Resources Limited