NGE Capital Ltd · ASX:NGE

NGE Capital — New Guinea Energy — Investor Presentation (March 2012)

24 slides from NGE Capital's investor presentation, Mar 19, 2012

  1. Slide 1: March 2012

    For personal use only March 2012

  2. 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

  3. Slide 3: Index

    INDEX For personal use only I PNG – WORLD CLASS E&P DESTINATION II NEW GUINEA ENERGY CORPORATE OVERVIEW, ASSETS AND EXPLORATION PROGRAMS 3

  4. Slide 4: PNG – World Class E&P Destination

    For personal use only I PNG – WORLD CLASS E&P DESTINATION 4

  5. Slide 5: PNG – World Class E&P Destination

    PNG – WORLD CLASS E&P DESTINATION For personal use only Government • Independence in 1975, pro-development • Constitutional parliamentary democracy • Excellent fiscal terms, ranked 8th in the world Close Historical Ties with Australia LNG Exports from 2014 • Australia is PNG’s largest aid donor; 201

  6. Slide 6: PNG Oil & Gas Industry Participants

    PNG OIL & GAS INDUSTRY PARTICIPANTS For personal use only Chinese Petroleum Co 6

  7. Slide 7: Overview of PNG Plays

    OVERVIEW OF PNG PLAYS 2+Tcf For personal use only 10+Tcf 9Tcf Gas/LNG Reserves discoveries Oil/Condensate 1Tcf 7

  8. Slide 8: Overview of PNG Plays

    OVERVIEW OF PNG PLAYS 50+mmbbl For personal use only 1.1Tcf 2.7Tcf 0.45Tcf 1.2Tcf 0.6Tcf 8mmbbl 6.7Tcf 44mmbbl 25mmbbl 75mmbbl 227mmbbl 80mmbbl 0.8Tcf 35mmbbl 8.5Tcf Gas/LNG 120mmbbl Talisman led 0.7Tcf Reserves discoveries InterOil led Oil/Condensate Exxon led PNG LNG 1Tcf 8

  9. Slide 9: Western Province LNG Concept

    WESTERN PROVINCE LNG CONCEPT1 For personal use only 1 Talisman Energy “Western Province Exploration Update” 1 December, 2011. PNG Petroleum Seminar 9

  10. Slide 10: New Guinea Energy Corporate Overview, Assets and Exploration Programs

    For personal use only II NEW GUINEA ENERGY CORPORATE OVERVIEW, ASSETS AND EXPLORATION PROGRAMS 10

  11. Slide 11: New Guinea Energy Corporate Overview

    NEW GUINEA ENERGY CORPORATE OVERVIEW High Potential Exploration Portfolio For personal use only • First mover advantage on Western Province acreage • 6 onshore licences, 44800km2 (11M acres), 50-100% interest • Balanced portfolio of both oil and gas prospects • >8500mmboe unrisked PIIP1 • 1000 mmboe

  12. Slide 12: Capital Structure

    CAPITAL STRUCTURE Trading Statistics For personal use only ASX Code: NGE March 2012 OTCQX Code: NGELY Last $0.065 # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) High $0.082 Market Cap: A$60 million at $0.07 Low $0.065 Highest Daily 6,345,368 Options: Volume (7/03/12) 2,000,000 exercisable @ $0.2

  13. Slide 13: NGE Corporate Directory

    NGE CORPORATE DIRECTORY For personal use only STRONG ENERGY & PNG EXPERIENCE BOARD Michael Arnett - Executive Chairman MANAGEMENT A lawyer with over 20 years’ experience in capital raising and M&A in the Grant Worner - Chief Executive Officer mining, oil and gas sector. A director of NRW Holdings Li

  14. Slide 14: 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 PIIP1 Predominantly Oil Plays Predominantly Gas Plays Licence Unrisked PIIP (mmboe) Leads Licence Unrisked PIIP (Tcf) Leads PPL265 >20

  15. Slide 15: Impending Growth Catalysts

    IMPENDING GROWTH CATALYSTS RECENT ACTIVITY For personal use only • PPL269 Equity decision • PRL3 P’nyang Appraisal Well (Regional activity) • New drilling rig in PNG • PPL235 Weimang Exploration Well (Regional activity) • PPL265 seismic acquisition • Stanley Field Final Investment Decision (Regional

  16. Slide 16: PPL277 – Sale and Royalty

    PPL 277 – Sale and Royalty For personal use only SALE and ROYALTY • Licence covering 8,022km2 in the mountainous PNG Highlands parallel to PNG LNG infrastructure • Highly prospective with potentially 10,000Bcf PIIP1 but very expensive, even for PNG standards • Exploration involves high technical and

  17. Slide 17: PPL 2012 Activity

    PPL 277 2012 ACTIVITY • PRL11 Trapia exploration well in 1H12 by ExxonMobil and Oil Search For personal use only • Seismic acquisition • Gain government approvals for work obligation variation and licence extension Proposed 18km Seismic Line PRL11 PRL11 PPL277 Trapia-1 Rig Pad Location (Proposed) PN

  18. Slide 18: PPL Prospects and Leads (2000mmboe unrisked PIIP)

    2000mmboe unrisked PIIP1 PPL 269 4 prospects and 30+ leads Predominantly a gas play For personal use only NGE Activity • Regional seismic acquired in 2011 • Siphon-1 Exploration well drilled as technical success but uncommercial. Plugged and abandoned. • Seismic in 1H12 to identify drill location •

  19. Slide 19: PPL Unrisked PIIP Leads (>200mmboe)

    PPL 268 >200mmboe unrisked PIIP1 9 leads For personal use only Southern margin of Cecilia Trough gas kitchen Predominantly a gas play NGE Activity • Regional seismic acquired in 2011 • Seismic in 1H12 to identify drill location • Planned drilling in 2013 Regional Activity • PRL21 Elevala and Ketu Ap

  20. Slide 20: PPL Drillable Prospect and Leads (550mmboe)

    550mmboe unrisked PIIP1 PPL 266 1 drillable prospect and 13 leads Northeast corner of block high graded due For personal use only to recent gas discoveries on trend Predominantly a gas play NGE Activity • Regional aerogravity data suggests likely hydrocarbon migration pathways into PPL266 PPL 235 •

  21. Slide 21: PPL Leads (>2000mmboe unrisked PIIP)

    PPL 265 >2000mmboe unrisked PIIP1 For personal use only 14 leads Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • Seismic in 2H11 to identify drill location • Planned drilling in 2012 Regional Activity • Proximity to potential LNG route Modelled Morehead Graben oil ki

  22. Slide 22: PPL Leads (1700mmboe unrisked PIIP)

    PPL 267 1700mmboe unrisked PIIP1 10 leads For personal use only 35 API oil from seep identifies oil play in foreland Predominantly an oil play NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June 2010 and was plugged and

  23. Slide 23: Drilling Rig

    DRILLING RIG For personal use only Context • Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone • Few (< 5) suitable, available drilling rigs in PNG • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a fit-for-purpose drillin

  24. Slide 24: New Guinea Energy Contact Details

    NEW GUINEA ENERGY CONTACT DETAILS Sydney For personal use only 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 F: +67

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