Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Bell Potter Unearthed Conference 2021
17 slides from Carnarvon Energy's conference presentation, Feb 11, 2021
Slide 1: Corporate Presentation
1 For personal use only CORPORATE PRESENTATION BELL POTTER UNEARTHED CONFERENCE 11 FEBRUARY 2021
Slide 2: Disclaimer
2 DISCLAIMER The resource estimates outlined in this Presentation are based on and fairly represent information and supporting documentation prepared by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the For personal use only Company. Mr Huizenga has over 2
Slide 3: Snapshot
SNAPSHOT 3 GROWTH CENTRIC PORTFOLIO STRONG FINANCIAL POSITION For personal use only 1. GROWTH 2. MARKET CAP 3. CASH S I G N I F C I A N T C ATA LY S T S $ 4 4 0 M I L L I O N ( AT 2 8 C P S ) $106 MILLION (NO DEBT) 4. PORTFOLIO 10 PERMITS IN AUSTRALIA 5. DORADO LARGE OIL & GAS DEVELOPMENT 6. BUFFALO
Slide 4: Strategy
STRATEGY 4 B U I L D I N G E X P E R T I S E A N D TA R G E T I N G A S S E T O P P O R T U N I T I E S C A PA B L E O F G E N E R AT I N G M AT E R I A L R E T U R N S F O R S H A R E H O L D E R S For personal use only AUSTRALIAN LEVERAGING A LOCAL PRESENCE, TECHNICAL K N O W L E D G E , B U S I N
Slide 5: Value Drivers
VALUE DRIVERS 5 TA R G E T I N G 1 3 0 M I L L I O N B A R R E L S O F O I L N E T TO C A R N A R V O N M AT E R I A L I N C R E A S E I N C U R R E N T R E S O U R C E S F O R D E V E L O P M E N T For personal use only DORADO 30 OIL FIELD DEVELOPMENT MILLION BARRELS N E T TO C V N BUFFALO OIL FIEL
Slide 6: Value Drivers: Four Major Projects with Key Catalysts
VALUE DRIVERS 6 F O U R M A J O R P R O J E C T S W I T H K E Y A C T I V I T I E S / C ATA LY S T S I N 2 0 2 1 & E A R LY 2 0 2 2 I N T E N D E D TO S Y S T E M AT I C A L LY E N H A N C E T H E I R D E V E L O P M E N T P O T E N T I A L For personal use only BOOKING RESERVES ON FID - 30 MILLION
Slide 7: Dorado – Phase 1
DORADO – PHASE 1 7 DORADO IS ONE OF THE LARGEST OIL FIELDS DISCOVERED IN THE LAST 30 YEARS IN WESTERN AUSTRALIA For personal use only ACHIEVEMENTS 2 0 1 8 – 1 5 0 M M B B L S O F O I L A N D S I G N I F I C A N T G A S D I S C O V E R E D. 2 0 1 9 – T W O S U C C E S S F U L A P P R A I S A L W E L
Slide 8: Buffalo
BUFFALO 8 D R I L L I N G I N T H E B U F FA L O O I L F I E L D I S S C H E D U L E D TO C O M M E N C E I N 2 0 2 1 A D VA N C E E N E R G Y P L C TO J O I N C A R N A R V O N I N T H I S P R O V E N H I G H D E L I V E R Y, L O W C O S T F I E L D For personal use only BACKGROUND C A R N A R V O
Slide 9: Pavo & Apus
PAVO & APUS 9 T W O M AT E R I A L E X P L O R AT I O N TA R G E T S N E A R D O R A D O ( I N B E D O U T B A S I N ) W I T H D R I L L I N G P L A N N E D F O R L AT E 2 0 2 1 A N D E A R LY 2 0 2 2 For personal use only OBJECTIVE D I S C O V E R O I L A N D G A S N E A R D O R A D O C A PA B L E
Slide 10: Dorado – Phase 2
DORADO – PHASE 2 10 D O R A D O A L S O C O N TA I N S G A S R E S O U R C E S WITH THE POTENTIAL FOR FUTURE DEVELOPMENT For personal use only PHASED T H E D O R A D O F I E L D C O N TA I N S G A S , C O N D E N S AT E A N D O I L R E S O U R C E S . A S I S TYPICAL WITHIN THE INDUSTRY PHASE 1 W I
Slide 11: Bedout Basin – CVN to 30%
BEDOUT BASIN – CVN 20 TO 30% 11 F U T U R E E X P L O R AT I O N O F F E R S S U B S TA N T I A L O P P O R T U N I T Y I N T H I S V E R Y L A R G E A N D L I G H T LY E X P L O R E D L I Q U I D S R I C H R E G I O N For personal use only NEW BASIN EIGHT OUT OF THE LAST NINE WELLS IN THE BASIN ALL
Slide 12: Other Projects
OTHER PROJECTS 12 CARNARVON HOLDS A DIVERSIFIED PORTFOLIO WITH A CLEAR OBJECTIVE TO W O R K W I T H PA R T N E R S TO U N D E R TA K E E X P L O R AT I O N D R I L L I N G A C T I V I T I E S For personal use only ACHIEVEMENTS I N 2 0 1 2 A PA C H E A N D J X N I P P O N FA R M E D I N TO THE PHOENI
Slide 13: What to Watch for in CY2021
WHAT TO WATCH FOR IN CY2021 13 T H E S Y S T E M AT I C P R O G R E S S I O N O F K E Y P R O J E C T S C A PA B L E O F G E N E R AT I N G S I G N I F I C A N T S H A R E H O L D E R VA L U E O V E R T H E M E D I U M T E R M For personal use only DORADO PAVO & APUS COMMENCEMENT AND PROGRESSION OF
Slide 14: Conclusion
CONCLUSION 14 TA R G E T I N G 1 3 0 M I L L I O N B A R R E L S O F O I L N E T TO C A R N A R V O N M AT E R I A L I N C R E A S E I N C U R R E N T R E S O U R C E S F O R D E V E L O P M E N T For personal use only DORADO 30 OIL FIELD DEVELOPMENT MILLION BARRELS N E T TO C V N BUFFALO OIL FIELD
Slide 15: 3D Seismic Image Over Roc and Dorado Fields
15 Roc field For personal use only Pavo prospect Dorado field 3D SEISMIC IMAGE AT TOP CALEY Apus prospect RESERVOIR OVER THE ROC AND DORADO FIELDS (BACKGROUND) TO THE PAVO AND APUS PROSPECTS (FOREGROUND).
Slide 16: Oil & gas volume summary (contingent resources)
Oil & gas volume summary (contingent resources) 16 For personal use only Gross Resources (100% basis) Oil & Condensate Natural Gas Barrels of Oil Equivalent1 MMbbl BCF MMboe 1C 2C 3C 1C 2C 3C 1C 2C 3C Dorado 86 162 285 367 748 1,358 176 344 614 Roc 12 20 35 205 332 580 48 78 137 Bedout Project Sub-T
Slide 17: Oil & gas volume summary (selected prospective resources)
Oil & gas volume summary (selected prospective resources) 17 For personal use only Gross Resources (100% basis) Light Oil Natural Gas Barrels of Oil Equivalent Pg MMbbl BCF MMboe % P90 P50 Mean P10 P90 P50 Mean P10 P90 P50 Mean P10 Pavo 11 63 82 179 3 31 108 249 11 68 101 223 34% Apus 26 160 235 537
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