NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (April 2013)
27 slides from NGE Capital's investor presentation, Apr 15, 2013
Slide 1: April 2013
For personal use only April 2013
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. Conclusion 3
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS Attractive Exploration Portfolio – value backed by external transactions For personal use only • 5 onshore licences 29,500km2, 50-100% interest – 1 royalty licence covering 8,000km2 • Balanced portfolio of both oil and gas prospects with > 8,500MMboe unrisked PIIP • Aerogravity,
Slide 5: PNG – World Class E&P Destination
PNG – WORLD CLASS E&P DESTINATION For personal use only Highly Prospective • 25Tcf gas discoveries to date • ExxonMobil consortium: US$19bn PNG LNG under construction • TOTAL, Shell, Mitsubishi, and Pacific Rubiales arrived in last 12 months Pro Development • Global LNG demand growth of 6% p.a. for
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+Tcf 10+Tcf Gas/LNG Reserves discoveries Oil/Condensate NGE Licences 9Tcf NGE Royalty Interest Talisman/Mitsubishi led Exxon led PNG LNG InterOil led 1Tcf 7
Slide 8: NGE in PNG Western Province
NGE IN PNG WESTERN PROVINCE For personal use only PNG LNG Exxon/Oil Search Potential PNG LNG expansion Talisman/Mitsubishi Royalty Talisman Gas JVs, 50% NGE Aggregation Concept1 Crude/Condensate via waterways NGE Licences NGE Royalty y y Interest 100% NGE 1 Talisman Energy “Western Province Explorat
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$21.5 million As at 11/04/2013 $0.025 Latest Cash Position: A$13.4 million (as at 31 December 2012) High $0.071 Low $0.023 Highest Daily Options: Volume
Slide 10: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE For personal use only BOARD Michael Arnett - 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 Limited and
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 – 5 blocks covering 29,500Km2 (7.3M acres) • De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic • 340km of seismic under NGE Operatorshi
Slide 12: Exploration Portfolio
EXPLORATION PORTFOLIO For personal use only • 5 onshore licences, 29,500km2, 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
Slide 13: 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 14: PPL 2012 Activity
PPL 277 2012 ACTIVITY • Seismic acquisition For personal use only • PRL11 Trapia-1 exploration well by ExxonMobil and Oil Search 2012 Seismic PNG LNG infrastructure to Kutubu and Port Moresby 14
Slide 15: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG expansion Talisman Gas Aggregation Concept1 Crude/Condensate via waterways NGE Licences NGE Royalty y y Interest PPL 268 / PPL 269 (Talisman Operated) Seismic in 2011; Seismic and reprocessing in 2012; Mitsubishi farm-in farm in
Slide 16: PPL Licence Highlights (Talisman Operated)
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 17: PPL Licence Highlights (Talisman Operated)
Highlights PPL 268 LICENCE • 160MMboe unrisked PIIP1 • 5 pprospects p and leads For personal use only A 2012 – 900Bcf Aug 900B f / 54MMbbl • Southern margin of Cecilia Trough gas kitchen • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 Regional Activity
Slide 18: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG expansion Talisman Gas Aggregation Concept1 ‘Macadamia’ Crude/Condensate via waterways circa 36km2 NGE Licences NGE Royalty y y Interest PPL 265 / PPL 266 / PPL 267 (NGE Operated) S i i iin PPL 265 / 266 iin 2012 Seismic 2012; Li
Slide 19: PPL Licence Highlights
Highlights PPL 266 LICENCE • 360MMboe unrisked PIIP1 • 1 drillable prospect and 6 leads For personal use only • Predominantly a gas play ‘Macadamia’ NGE Activity circa 36km2 • Regional aerogravity data, data seismic in 1H12 • Licence extension approval • Looking to Farm-out PPL 235 • Further de-risk
Slide 20: PPL 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 • Looking to Farm-out • Further de-risk if needed,, and • Contingent on above,
Slide 21: PPL Licence Highlights
PPL 267 LICENCE Highlights • 1700mmboe unrisked PIIP1 For personal use only • 9 leads l d • Multiple leads mapped with >50mmbl potential volumes of oil in-place. NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June 2010 a
Slide 22: 267-1 Lead: Kaisy
267-1 LEAD: “KAISY” For personal use only • Potential > 50 mmbls unrisked oil in- place, circa one-third recoverable • Lead accessible by barge Proposed seismic • Imaged by 6 seismic lines • >11 km2 closure at the Alene and Toro horizons • >65m of reservoir quality sands averaging >22% porosity in t
Slide 23: Kaisy: Rollover Anticline Target
KAISY: ROLLOVER ANTICLINE TARGET SOUTH NORTH For personal use only Top Darai Limestone Base Darai Limestone Alene Sandstone Toro Sandstone Basement 23
Slide 24: 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 suitable, suitable available drilling rigs in the region • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a
Slide 25: Investing in the Community
INVESTING IN THE COMMUNITY For personal use only Context • 7 million people • 80% rural population • About 30 rural doctors NGE, QRME, and Hope4Health helping PNG with • Rural health education • Clinical placements • Clinical literature • Teaching literature • Clinical equipment 25
Slide 26: Summary
SUMMARY For personal use only W ll positioned Well iti d in i PNG • 5 onshore licences 29,500km2, 50-100% interest – 1 royalty licence • Balanced portfolio of both oil and gas prospects with >8,500MMboe unrisked PIIP • 4 out of 5 licences recently extended for a further 5 years Potential Upside • 26
Slide 27: 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
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