Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — RIU Good Oil September 2014
16 slides from Cue Energy Resources's conference presentation, Sep 10, 2014
Slide 1: Cue Energy Overview - Presentation RIU Good Oil September 2014
ABN 45 066 383 971 For personal use only 10 September 2014 PAGES (including this page):16 CUE ENERGY OVERVIEW Cue is an Australian based oil & Company Announcements Office gas company with activities in 10th Floor Australia, New Zealand, Indonesia 20 Bond Street and PNG. Sydney NSW 2000 THE COMPANY
Slide 2: Cue Energy Resources Limited
For personal use only CUE ENERGY RESOURCES LIMITED ASX:CUE www.cuenrg.com.au RIU Good Oil September 2014
Slide 3: Disclaimer & Important Notice
For personal use only DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other importan
Slide 4: Board and Management
For personal use only Board and Management Geoffrey King David Biggs Non Executive Chairman Chief Executive Officer • 35+ years experience in oil & gas • 30+ years experience in oil & gas • Appointed Chairman November 2012 • Joined CUE April 2013 Andrew Young Andrew Knox Non Executive Director Chief
Slide 5: At a Glance
At a Glance COMPANY SNAPSHOT SHARE PRICE PERFORMANCE For personal use only 0.40 Share Price ($A) Volume (m) 10 Market Capitalisation @ A$0.125(1) A$87.3million 0.35 9 8 Ordinary Shares 698,119,720 0.30 7 0.25 6 12 Month Trading Range(2) 11.5¢ – 15.0¢ 0.20 5 0.15 4 Cash at 30th June 2014 A$40.6 milli
Slide 6: Regionally Diversified Assets
Regionally Diversified Assets INDONESIA PNG Kutei Basin Papuan Basin For personal use only Mahakam Hilir PSC (40%) PDL 3 (5.6%) Operator: SPC South East Gobe Operator: Oil Search PRL 9 (14.9%) Operator: Oil Search PRL 14 (10.9%) Operator: Oil Search INDONESIA Offshore East Java NEW ZEALAND Taranaki
Slide 7: Summary
For personal use only Summary • Strong balance sheet • Strong production underpinning exploration activities • Actively seeking new exploration opportunities with a bias towards onshore, near term commercialisation • Actively seeking new production opportunities • Actively managing existing explorat
Slide 8: Strong Existing Production
For personal use only Strong Existing Production Net Daily production Net Production (2014f-2016f) boe/d Million boe 900 1 800 0.9 0.8 700 0.7 600 0.6 500 0.5 400 0.4 300 0.3 200 0.2 100 0.1 0 0 Maari Oyong Wortel SE Gobe 2014f 2015f 2016f Calendar year Maari Sampang PSC SE Gobe Note: Average Daily
Slide 9: Existing Reserves
For personal use only Existing Reserves • 5.2mmboe reserves reported as at 31 Dec 2012 2P reserves by country 2P reserves by product mmboe mmboe Papua New Guinea 0.8 Indonesia, 2.1 Oil 2.5 Gas New 2.8 Zealand 2.3 Source : FY13 annual report 8
Slide 10: Production and Development
For personal use only Production and Development • New Zealand - Maari Growth Project (Cue 5%) • Ensco 107 currently drilling at Maari • 4 production wells and 1 water injection well planned • Expected to add 12mmbbl (gross) incremental reserves and expected to double daily production in 2015 • Indo
Slide 11: Exploration Growth
For personal use only Exploration Growth • Cue is maintaining a focus on exploration to maintain and grow medium to long term production • Farm-in and ground floor exploration opportunities under review in geographical focus areas of Australia onshore, New Zealand onshore/offshore and Asia • Strateg
Slide 12: Near Term Production Growth
For personal use only Near Term Production Growth • Growth strategy includes addressing post 2016 production decline by acquisition of existing production or projects at the stage of near term development, to supplement exploration success • Cue’s cash balance and zero debt levels provide financial
Slide 13: Maximising value from existing Assets
For personal use only Maximising value from existing Assets • WA-359-P Farm Out (100% Cue) – 150+mmbbl OOIP opportunity – Data Room open • Equity available in other prospective Cue Carnarvon Basin permits • Papua New Guinea sale process underway • Mahakam Hilir (Indonesia) farm-out process being con
Slide 14: Near Term Activity
For personal use only Near Term Activity • Ensco 107 drilling for Maari growth projects continuing • Sampang workovers completed by end 2104 • Te Kiri North-1 drilling onshore NZ planning underway for 2015 2014 2015 Q4 Q1 Q2 Q3 New Zealand offshore Maari Growth Projects Indonesia offshore Oyong work
Slide 15: Summary
For personal use only Summary • Maari and Sampang development activities to provide higher production and extended field life • Continued focus on capturing new exploration opportunities and securing production profile post 2015 • Work to realise value from existing Assets • Active Carnarvon Basin f
Slide 16: For personal use only
For personal use only Level 19, 357 Collins Street, Melbourne VICTORIA – AUSTRALIA 3000 P. (61) 3 8610 4000 F. (61) 3 9614 2142 E. mail@cuenrg.com.au W. www.cuenrg.com.au