Central Petroleum Limited · ASX:CTP
Central Petroleum — QUPEX 2020
17 slides from Central Petroleum's conference presentation, Mar 10, 2020
Slide 1: Targeting production growth via new discoveries in the underexplored Amadeus Basin
Targeting production growth via new discoveries in the underexplored Amadeus Basin QUPEX March 10 2020 Central Petroleum Limited (ASX:CTP)
Slide 2: Central Petroleum Business Focus
Central Petroleum Business Focus PRODUCTION PROJECTS EXPLORATION • Northern Gas Pipeline opened • Project Range a new and • Over 180,000km2 of January 2019, connecting NT significant project for Central underexplored permits in NT producing fields to east coast and Queensland • Certified 2C continge
Slide 3: Amadeus Basin – An underexplored productive basin
Amadeus Basin – An underexplored productive basin To date 39 exploration wells have been drilled in the Amadeus Basin an area of ~170,000km2 Of these there have been 22 wells reported oil and/or gas shows To date there have been 4 commercial discoveries 3 gas fields (Mereenie, Dingo and Palm
Slide 4: Amadeus Basin: Dormant exploration supressing growth
Amadeus Basin Dormant exploration supressing growth 1965 Palm Valley discovered 1982 Dingo 2015 discovered Dingo developed 1985 1964 Mereenie & Palm Mereenie 2011 Valley in production discovered Surprise discovered • Only 14,500km of 2D seismic in 177,000 km2 basin, most seismic dates from 1960,s an
Slide 5: Amadeus Basin – Production history
Amadeus Basin – Production history • Important to note that Mereenie has been primarily developed as an oil field with a large gas cap • Most wells are sub- optimally located for ~18 MMbbls ~405 bcf gas production CENTRAL PETROLEUM LIMITED (ASX:CTP) 5
Slide 6: Amadeus Basin – Underexplored Proven Hydrocarbon Province
Amadeus Basin – Underexplored Proven Hydrocarbon Province • 5 working petroleum systems have been confirmed in the Basin ranging in age from the Precambrian to the Ordovician • 2 major orgenies (Petermann 550-530my and the Alice Springs 450-300my) • Sedimentary rocks ranging in age from 900my to 350
Slide 7: CY2020 Exploration Programme Criteria
CY2020 Exploration Programme Criteria Focus on targets where Central has 100% interest Within granted exploration and production licenses No additional seismic is required In-field or near-field opportunities Programme designed to drill the low hanging fruit now that leverage existing facili
Slide 8: CY2020 Exploration & appraisal program summary
CY2020 Exploration & appraisal program summary Central’s exploration program is targeting >205PJs gas and 9.5Mbbls oil of risked mean prospective resources and conversion of another 54PJs of gas from 2C contingent resources to reserves Target Estimated Adjacent Existing P50 Mean P10 formation well c
Slide 9: CY2020 Exploration Programme
CY2020 Exploration Programme CENTRAL PETROLEUM LIMITED (ASX:CTP) 9
Slide 10: Proven Targets
Proven Targets CENTRAL PETROLEUM LIMITED (ASX:CTP) 10
Slide 11: Dingo and Orange Structural Setting
Dingo and Orange Structural Setting Dingo and Orange are large anticlines clearly defined by seismic data Gas has been recovered from the Arumbera interval at both structures. Opportunity to demonstrate commercial flows at Orange No penetrations have tested the deeper Pioneer interval at eithe
Slide 12: Dingo Deep
Dingo Deep Top Pioneer Depth Map Dingo Deep Location Below existing Dingo gas field Dingo Deep Discovered in 1982 by Pancontinental. Remained undeveloped for commercial reasons until Central History brought the field online in 2015. Commercial production from the Arumbera interval in two wells. 83 K
Slide 13: Orange-3
Orange-3 ORANGE-3 Location Located on the Orange structure, 30km northwest of Dingo and adjacent to the current Dingo pipeline. History Two wells have been drilled on the Orange structure: Orange-1 did not intersect the Arumbera 1 sand (the productive reservoir in Dingo). Orange-2, drilled with over
Slide 14: Palm Valley Deep
Palm Valley Deep Palm Valley Deep Location Below the existing Palm Valley gas field. History Gas first discovered in 1965 and is primarily reservoired in an extensive fracture system in the lower Stairway Sandstone, Horn Valley Siltstone and Pacoota Sandstone. The anticlinal structure is approximate
Slide 15: Mamlambo
Mamlambo Mamlambo Location Located in L6 ~ 8km north-east of the Surprise Oil Field in the Johnstone Trough. History Surprise was discovered by Central in 2010 with oil reservoired in the Lower Stairway Formation. The Johnstone Trough is an oil prone region of the Amadeus Basin based on source rock
Slide 16: Summary
Summary 1 Conventional producing gas assets, delivering meaningful free cashflows 2 Near-term high quality contracted revenues and significant, longer-term uncontracted capacity 3 East coast gas market opportunity now accessible 4 Meaningful optimisation opportunities exist within current prod
Slide 17: Notice and legal disclaimer
Notice and legal disclaimer To the maximum extent permitted by law: This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presen