Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — PPR Broker Showcase Presentation (December 2013)
21 slides from Carnarvon Energy's conference presentation, Dec 12, 2013
Slide 1: PPR Broker Showcase Presentation
PPR Broker Showcase Presentation 12 December 2013 For personal use only Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to provide shareholders with the following presentation provided today at the PPR Broker Showcase Presentation in Perth by Carnarvon’s Chief Executive Officer and Ma
Slide 2: CEO comment and contact details
Carnarvon’s Chief Executive Officer and Managing Director, Mr Adrian Cook said “The Company is entering an exciting period with efforts in Thailand beginning to yield results For personal use only and preparations and approvals for the spudding of the Phoenix South-1 well now complete and awaiting t
Slide 3: PPR Broker Showcase Presentation
For personal use only PPR Broker Showcase Presentation 12 December 2013 Presented by Adrian Cook Managing Director Carnarvon Petroleum
Slide 4: Our objective
Our objective is to: For personal use only Find and exploit oil and gas resources to create value for our shareholders 1
Slide 5: Investment Snapshot
Investment Snapshot North West Shelf Thailand For personal use only 2 high impact wells farmed out Production ~200,000bbl p.a. Apache operating 2013 net revenue ~$18M Proven gas province Undeveloped 1P = 2.4MMbbl Game changing potential Significant exploration upside 2
Slide 6: Exploring for the next major NWS fields
Exploring for the next major NWS fields For personal use only Apache Carnarvon Basin Woodside Apache Apache oil and gas fields Woodside Woodside Woodside Woodside Near top gas (241T) depth surface from the Phoenix 3D seismic survey 3
Slide 7: Benefit of drilling on modern 3D seismic
Benefit of drilling on modern 3D seismic For personal use only Discovered gas Roc prospect Phoenix South 1 Prospect Phoenix 3D seismic survey near top gas depth surface 4
Slide 8: Phoenix South-1 well (CVN 20% WI)
Phoenix South-1 well (CVN 20% WI) For personal use only Hydrocarbons Exploring Phoenix proven gas Volume Structures on modern 3D Time Spud late Jan / early Feb 2014 Value Capex & markets 5
Slide 9: Roc well (CVN 20% WI)
Roc well (CVN 20% WI) For personal use only Hydrocarbons Phoenix South contingent Volume Structures on modern 3D Time Spud ~late 2014 Value Develop with Phoenix South 6
Slide 10: Exploration Upside
Exploration Upside For personal use only 3 4 6 1 Phoenix South-1 well WA-435-P WA-436-P WA-443-P 2 Roc well (contingent) 1 3 Bandy oil lead 2 4 Bedout oil & gas leads WA-437-P WA-438-P 5 5 Basin margin leads 5 5 6 Salamander leads 7
Slide 11: Rights Issue and Shortfall Placement
Rights Issue and Shortfall Placement For personal use only Pro-rata non-renounceable entitlement offer Price of $0.064 per share (with one free attaching option) Offer closes at 5:00pm (AEDT) Tuesday 17th Dec 2013 Eligible shareholders able to subscribe for one (1) new fully paid ordinary share for
Slide 12: 2013 NWS highlights
2013 NWS highlights For personal use only Phoenix South-1 ready to drill Roc Prospect advanced technically Farm outs cover up to US$106m costs Prospect & lead inventory building Second 3D area acquired & processed Preparing for WA-436-P farmout 9
Slide 13: In Thailand
In Thailand For personal use only Oil production and reserves Exploration upside Farmed out oil play No financial exposure Oil exploration Seeking farm-in partner 10
Slide 14: Thailand production field activities
Thailand production field activities For personal use only 3 1 Development wells 2 2 Exploration & development wells 4 1 5 3 Development wells 6 4 Water injection program 5 Exploration & development wells 6 Possible new 3D seismic 11
Slide 15: 2013 Thailand highlights
2013 Thailand highlights For personal use only 8 sandstone development wells drilled Water injection program commenced 100km2 of new 3D seismic acquired New technical work undertaken Successful well drilled August 2013 Reserves independently confirmed 12
Slide 16: Looking forward
Looking forward For personal use only We are here 13
Slide 17: Annexure
For personal use only Annexure 14
Slide 18: Carnarvon Interests
Carnarvon Interests For personal use only Location Permit CVN Interest Notes Australia WA-435-P 20% Phoenix South-1well being drilled under 2012 farmout WA-436-P 50% Permit for future farmout, Contains Zeester 3D seismic WA-437-P 20% Roc prospect (contingent well) under 2012 farmout WA-438-P 50% Per
Slide 19: Corporate Information
Corporate Information Board of Directors For personal use only Chairman Peter Leonhardt Managing Director Adrian Cook Non-Executive Director Edward (Ted) Jacobson Non-Executive Director Neil Fearis Non-Executive Director Bill Foster Management Company Secretary Thomson Naude Chief Operating Officer
Slide 20: Disclaimer
For personal use only 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
Slide 21: For personal use only
For personal use only Ground Floor 1322 Hay Street West Perth WA 6005 Telephone: +61 (8) 9321 2665 Fax: +61 (8) 9321 8867 www.carnarvon.com.au
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