Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Shareholder Meeting (November 2014)
34 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 28, 2014
Slide 1: Annual General Meeting Presentation
PANCONTINENTAL OIL & GAS ANNUAL GENERAL MEETING For personal use only PRESENTATION 28 November 2014 WORLD-CLASS TARGETS MAJOR PARTNERS HIGH LEVERAGE Targeting a new generation of oil & gas discoveries in Africa © Chris Schmid
Slide 2: Exposure to the Next Oil Basins of Africa
Exposure to the Next Oil Basins of Africa For personal use only Offshore Kenya – THE STORY SO FAR 2002 - PCL predicted oil and gas offshore and began acquiring Offshore acreage Namibia – THE 2012 - First-ever gas discovered by STORY SO FAR PCL and partners - Mbawa-1 2014 - First-ever oil dis
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Block PCL% Partner Operator For personal use only ASX Code PCL Kenya L6 40% FAR 60% FAR Off-shore Shares on Issue 1,150m Kenya L6 FAR 24% 16% FAR / Milio Share price A$0.027 On-shore Milio 60% Market Capitalisation $31m BG Group 50% Kenya L10A 18.75% BG Group PTT
Slide 4: Investment Highlights
Investment Highlights For personal use only PANCONTINENTAL OIL & GAS Oil discovered in Sunbird-1 offshore Kenya- new oil province established 2014 Oil recovery by HRT in Wingat -1 offshore Namibia- new oil province established 2013 Next Pancontinental wells aimed at commercial oil reserves O
Slide 5: Pancontinental Management Team
Pancontinental Management Team For personal use only David Kennedy Barry Rushworth Ernie Myers MA (Geology), BSc (Geology & CPA SEG Marine Sc) Executive Finance Non-Executive Executive Director, Director Chairman Chief Executive Officer Pancontinental Board & Management Anthony Maslin Vesna Petrovic
Slide 6: Offshore Kenya
Offshore Kenya 3 Blocks totaling > 15,000 sq km For personal use only Ground-breaking oil + gas discoveries - 2012 & 2014 PCL free carried for drilling 2015 Major Prospects being re- assessed after Sunbird oil discovery Up to 3 wells planned 2015 / 2016* *Subject to Joint Venture decisions
Slide 7: Pancontinental in Kenya – Closer to Commercial Oil
Pancontinental in Kenya – Closer Numerous Prospects For personal use only andtoLeads Commercial Oil 2002 PCL predicted oil and gas offshore and began acquiring acreage 2003 Woodside farms into PCL licenses 2005 Origin Energy farms in PCL licenses 2006 Gippsland Petroleum (now FAR Ltd) farms into PCL
Slide 8: Numerous Prospects and Leads offshore Kenya
Numerous NumerousProspects & Leads and Prospects offshore Kenya Leads Lamu For personal use only L6 - 5,100 sq km Pancontinental 40% OFFSHORE KENYA KENYA L6 EXPLORATION AREAS Onshore farmed-out for PROSPECTS AND LEADS L6 seismic and drilling Offshore seeking farminee L6 Kifaru Reef Prospect ----
Slide 9: Kenya L10A & L10B
Kenya L10A & L10B Kenya L10A & L10B LOCATION: Play-opening Sunbird-1 oil discovery For personal use only Lamu Basin, Offshore Kenya Numerous large Prospects yet to be drilled PROJECT SIZE: Extensive 3D coverage 4,962 & 5,585 square kilometres World-class operator – BG Group JOINT VENTURE PAR
Slide 10: Sunbird-1 Discovery Summary
Sunbird-1 Discovery Summary Sunbird-1 has proven the presence of oil and gas systems in the Lamu Basin For personal use only Historic oil find Drilled 2014 off southern Kenyan coast First ever oil column discovered offshore East Africa Proves oil and gas systems in the Lamu Basin Gross oil
Slide 11: Sunbird-1 Discovery
Sunbird-1 Discovery Sunbird-1 found oil in the top of a complex carbonate reef system For personal use only The joint venture is now planning the optimal locations for seeking commercial oil reserves Sunbird- 1
Slide 12: L10A & L10B – the Future
L10A & L10B – the Future Future Exploration………. For personal use only Sunbird-1 discovered oil and gas early 2014 , possible follow-up drilling 2015* Commercial- sized oil targets are now under examination using 3D surveys totalling 4,800km2 Variety of carbonate (reef) and clastic (sandstone)
Slide 13: Kenya L6
Kenya L6 Kenya L6 LOCATION: On-trend to Sunbird-1 oil discovery For personal use only Lamu Basin, Onshore /Offshore Kenya Onshore farmed- out for seismic and drilling, 2015 PROJECT SIZE: 3D over offshore Miocene Reefs (Kifaru and Kifaru W) 5,010 square kilometres Seeking additional farminee
Slide 14: Kenya L6 Block
Kenya L6 Block L6 Kenya Hydrocarbon Potential For personal use only L6 centred over Maridadi Trough - Source-Kitchen Kudu Numerous Prospects and Leads - clastics and carbonates ONSHORE AREA Mamba 3D and 2D coverage Boundary Oligo- Miocene Reef “Stack” Anticline Kipini Sands second target
Slide 15: Kenya L6 Onshore
Kenya L6 Onshore Kenya L6 Onshore For personal use only Kudu ONSHORE AREA Mamba Onshore Farmout Boundary Gas, condensate and oil shows Anticline Onshore farmed out 2013 to Milio International for 2D and drilling OFFSHORE AREA One onshore well planned Q4 2015 Kifaru Tembo 3D seismic
Slide 16: Kenya L6 Offshore Kifaru Prospect
Kenya KenyaL6 L6 Offshore – Kifaru– Prospect Offshore Kifaru Prospect Kifaru Prospect Kifaru- Large Size Areal Closure approx 30 sq km For personal use only Oligo- Miocene Reef “Stack” Vertical 2,000+ m Kipini Sands second target Significant Oil volume potential Oil-mature Eocene source
Slide 17: Offshore Kenya – Future Exploration
Offshore Kenya – Future Exploration For personal use only L6 Onshore: well under farm-out – Planned for Q4 2015 (PCL 16%) L6 Offshore: aiming to farm-out to drill Kifaru Prospect – Targeting a well Q3/Q4 2015 (PCL 40%) L8 – Discussions ongoing for renewal of licence L10A – Evaluating Sunbird
Slide 18: Offshore Namibia
Offshore Namibia 3 Blocks totaling > 17,000 sq km For personal use only On trend to Wingat-1 oil recovery (HRT) Major farm-out to Tullow Oil in 2013 Major Prospects being mapped on new 3D - 2014 Drilling possible 2015* *Subject to Joint Venture decisions and other factors
Slide 19: PCL in Namibia – Closer to Commercial Oil
PCL in NamibiaProspects Numerous For personal use only – Closer to Commercial and Leads Oil 2008 In the Walvis Basin, Pancontinental predicted an oil-generating “fairway” zone, and high- quality turbidite fan deposits 2011 PCL acquired offshore exploration acreage 2012 Oil was recovered, and high qu
Slide 20: Namibia EL 0037
Namibia EL 0037 Namibia EL 0037 For personal use only LOCATION: Very large oil “sweet spot” exploration area Walvis Basin, Offshore Namibia Farmed out for extensive 3D, 2D and drilling to Tullow Oil PROJECT SIZE: Major Prospects identified on new 3D & 2D 17,295 square kilometres Mapping unde
Slide 21: Offshore Namibia – Finding the Oil Sweet Spot
Offshore Offshore Namibia – Finding Namibia – Finding the the Oil Oil “Sweet “SweetSpot” Spot” Basin Floor Axis Slope Incised Channels- Slope Pinchouts- (Transition Zone) SW Primary Primary Objectives Objective Primary Objectives NE For personal use only Slope / Shelf EL 0037 Boundary OIL SYSTEM Bas
Slide 22: Namibia EL 0037 Prospects
Namibia EL 0037 Prospects NAMIBIA EL 0037 PROSPECTS For personal use only 2012- oil recovered from Wingat-1 and- Mature Source Rocks identified Farmed-out to Tullow 3D seismic acquired 2014 Major turbidite fan prospects mapped Drilling site being identified Stacked prospects now being
Slide 23: Albian fan systems offshore Namibia
Albian fan systems offshore Namibia For personal use only Submarine Canyon ALBATROSS GANNET Slide 23
Slide 24: Depositional Analogue to Marlim Oil Field, Brazil
Depositional Depositional Analogue Analogue to to Marlim Oil Field, Marlim Oil Field, Brazil Brazil Marlim Oil Field offshore Brazil ---------------------------------- > 9 Billion Bbls Oil in Place For personal use only 10 km Analogous system in EL 0037 SE Composite seismic line though EL 0037 ... .
Slide 25: EL 0037 Future Exploration
EL EL 0037 0037 Future Future Exploration Exploration Aggressive Current Exploration Program For personal use only 3,000km2 3D seismic – completed under farmout to Tullow 1,000km 2D seismic – completed Mapping from 3D under way and major prospects identified Future Program Pancontinental 30% f
Slide 26: Pancontinental Activities Timeline
Pancontinental Activities Timeline* For personal use only Project Kenya L6 Onshore seismic survey Onshore Onshore Drilling* Prospect Generation Well Planning Kenya L6 Farmout Activities Well Planning Offshore Kenya Prospect Generation L10A Well Planning Offshore Drilling* Farmout Activities Kenya Pr
Slide 27: Summary and Conclusions
Summary- Pancontinental Summary and Conclusionsin Africa One of the largest African offshore acreage positions of any junior company For personal use only Enviable track-record of – identifying world-class opportunities working with African governments to secure new acreage introducing high qua
Slide 28: Pancontinental Oil & Gas NL
For personal use only Pancontinental Oil & Gas NL Pancontinental Oil & Gas Ground Floor 288 NL Stirling Street Tel: +61 (8) 9227 Perth, WA 3220: 6000, Australia Tel Ground Tel +61 (8) 9227 3220 Floor 288 Stirling Fax: Street +61 (8) 9227 3211 Perth, WA 6000, Australia www.pancon.com.au 28
Slide 29: 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 30: Appendix - Australian Projects
Appendix 1 - Australian Projects In Australia, Pancontinental retains four onshore and offshore projects in the Canning and Carnarvon Basins For personal use only Australia L 15 Australia EP 104 /R1 Australia EP 110 & EP 424 LOCATION: LOCATION: LOCATION: Canning Basin, Western Australia Canning Ba
Slide 31: Appendix – Kenya Block L6 – FAR Limited Resource Report
Appendix 2 – Kenya Block L6 – FAR Limited Resource Report For personal use only 31
Slide 32: Appendix – Kenya Block L6 – FAR Limited Resource Report
Appendix 2 – Kenya Block L6 – FAR Limited Resource Report For personal use only 32
Slide 33: Appendix – Namibia EL 0037 DeGolyer & MacNaughton Report
Appendix 3 – Namibia EL 0037 DeGolyer & MacNaughton Report For personal use only 33
Slide 34: Appendix – Namibia EL 0037
Appendix 3 – Namibia EL 0037 For personal use only 34
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