NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Good Oil Conference 2012
26 slides from NGE Capital's conference presentation, Sep 4, 2012
Slide 1: New Guinea Energy corporate presentation, September 2012
For personal use only September 2012
Slide 2: Disclaimer
The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of New Guinea Energy Ltd and or its various business activities. While management has taken every effort to ensure the accuracy of the material in the presentation, the pre
Slide 3: Contents
Contents For personal use only 1. Investor Highlights 2. PNG – World Class E&P Destination 3. Capital Structure 4. Senior Management and Board 5. Strategy and Development Plan 6. Licence Overview 7. Licence Details 8. Milestones Achieved/Planned 9. Conclusion 3
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS Attractive Exploration Portfolio – value backed by external transactions For personal use only • 6 onshore licences 44800km2(11M acres), 50-100% interest • Balanced portfolio of both oil and gas prospects with >8,500mmboe unrisked PIIP • Aerogravity, magnetics surveys, and > 600k
Slide 5: PNG – World Class E&P Destination
PNG – WORLD CLASS E&P DESTINATION For personal use only PNG Oil and Gas Industry • 25Tcf gas discoveries to date • Global LNG demand growth of 6% p.a. for the rest of this decadeI • Asia is 60% of global LNG tradeII with regional demand forecast to continue to outstrip supply • Limited portfolio acr
Slide 6: PNG Oil & Gas Industry Participants
PNG OIL & GAS INDUSTRY PARTICIPANTS For personal use only Chinese Petroleum Co 6
Slide 7: Overview of PNG Plays
OVERVIEW OF PNG PLAYS For personal use only 4 Tf 4+Tcf 10+Tcf 9Tcf Gas/LNG Reserves discoveries Talisman led InterOil led Oil/Condensate E Exxon l d PNG LNG led NGE Licences 1Tcf 7
Slide 8: Western Province Export Routes
WESTERN PROVINCE EXPORT ROUTES For personal use only PNG LNG Potential PNG LNG Expansion Talisman Gas Aggregation Concept I Crude / Condensate via waterways NGE Licences 1 Talisman Energy “Western Province Exploration Update” 1 December, 2011. PNG Petroleum Seminar 8
Slide 9: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) 12 Months Market Cap: A$40 million As at 03/09/12 $0.045 Latest Cash Position: A$5.8 million (as at 30 June 2012) High $0.15 Fully funded for 2012 Low $0.036 Highest Daily Opti
Slide 10: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE BOARD For personal use only Michael Arnett - Chairman MANAGEMENT A lawyer with over 20 years’ experience in capital raising and M&A in the mining, oil and gas sector. A director of NRW Holdings Limited, Nexus Grant Worner - Chief Executive Offic
Slide 11: Strategy and Development Plan
STRATEGY AND DEVELOPMENT PLAN Achievements to Date For personal use only • Acquired significant asset base in Papua New Guinea – 6 blocks covering 44,800Km2 (11,000 acres) • De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic • 340km of seismic under NGE Operators
Slide 12: Exploration Portfolio
EXPLORATION PORTFOLIO For personal use only • 6 onshore licences, 44800km2, 50-100% interest • Balanced portfolio of both oil and gas prospects • > 8500mmboe unrisked PIIPI 1Q 2012 transactions value NGE’s equity in just 3 licences at more than $120M Predominantly Oil Plays Predominantly Gas Plays L
Slide 13: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG Expansion Talisman Gas Aggregation Concept I Crude / Condensate via waterways NGE Licences PPL 277 Sale and Royalty to ExxonMobil and Oil Search (subject to Ministerial approval) Seismic acquired in 2012; and Drilling Trapia-1 Tr
Slide 14: PPL 277 – Sale and Royalty
PPL 277 – SALE AND ROYALTY For personal use only PPL 277 Context • Licence covering 8,022km2 in the mountainous PNG Highlands parallel to PNG LNG infrastructure • Highly g y prospective p p with potentially p y 10,000Bcf , PIIP1 but veryy expensive, p , even for PNG standards • Exploration involves
Slide 15: PPL 277 2012 Activity
PPL 277 2012 ACTIVITY • Seismic acquisition For personal use only • PRL11 Trapia exploration well by ExxonMobil and Oil Search • Gain government approvals for work obligation variation and licence extension 2012 Seismic PNG LNG infrastructure to Kutubu and Port Moresby 15
Slide 16: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG Expansion Talisman Gas Aggregation Concept I Crude / Condensate via waterways NGE Licences PPL 268 / PPL 269 (Talisman Operated) Seismic in 2011; p Seismic and reprocessing g in 2012;; Mitsubishi farm-in in 2012; Significant disc
Slide 17: PPL 268 Licence Highlights
Highlights PPL 269 LICENCE • 2000mmboe unrisked PIIP1 • 32 p prospects p and leads For personal use only A il 2012 – potential April t ti l 650 650m gas column l • Predominantly a gas play NGE Activity (Talisman Operated) • Regional g seismic acquired q in 2011 • Siphon-1 Exploration well drilled as
Slide 18: PPL 269 Licence Highlights
Highlights PPL 268 LICENCE • 160mmboe unrisked PIIP1 • 6 pprospects p and leads For personal use only Aug 2012 – 900Bcf / 54MBbl • Southern margin of Cecilia Trough gas kitchen • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 • Minimum Work Obligation t
Slide 19: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG Expansion Talisman Gas Aggregation Concept I Crude / Condensate via waterways NGE Licences ‘Macadamia’ circa 36km2 PPL 265 / PPL 266 / PPL267 (NGE Operated) Seismic in PPL 265 / 266 in 2012; Licence extension approval; ‘Jerai Nor
Slide 20: PPL 266 Licence Highlights
Highlights PPL 266 LICENCE • 360mmboe unrisked PIIP1 • 1 drillable prospect and 7 leads For personal use only • Predominantly a gas play ‘Macadamia’ NGE Activity circa 36km2 • Regional aerogravity data, data seismic in 1H12 • Licence extension approval • Farm-out PPL 235 • Further de-risk de risk if
Slide 21: PPL 265 Licence Highlights
PPL 265 LICENCE Highlights For personal use only • >2000mmboe unrisked PIIP1 • 13 leads • Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • 94km seismic in 1H12 • Licence extension approval • Farm-out • Further de-risk if needed,, and • Contingent on above, drill ‘Jera
Slide 22: PPL 267 Licence Highlights
PPL 267 LICENCE Highlights • 1700mmboe unrisked PIIP1 For personal use only • 10 leads l d • 35 API oil from seep identifies oil play in foreland • Predominantly an oil play NGE Activity • 2006 and 2008 seismic acquired over P k Panakawa P Prospect withh surface f seep flowing fl at 5 bbls/day • Wel
Slide 23: Drilling Rig
DRILLING RIG For personal use only Drilling Rig Context • Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone • Few (< 5) suitable, suitable available drilling rigs in PNG • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a f
Slide 24: Milestones Achieved / Planned
MILESTONES ACHIEVED / PLANNED For personal use only 24
Slide 25: Summary
Summary For personal use only W ll positioned Well iti d in i PNG • 44800km2 of land, surrounded by significant discoveries and Oil and Gas majors Potential Upside • Multiple drill targets and leads • 8500mmboe prospective resources • PPL277 sale to ExxonMobil and Oil Search provides validation of v
Slide 26: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS For personal use only Sydney S d Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401 Level 5 Level 4 Pacific MMI Building 2-10 Loftus St Champion Parade Sydney NSW 2000 Port Moresby PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 ((0)) 2 9252 0039