Central Petroleum Limited · ASX:CTP
Central Petroleum — Non-Deal Roadshow (March 2018)
10 slides from Central Petroleum's roadshow presentation, Mar 21, 2018
Slide 1: Central Petroleum Roadshow – March 2018
CENTRAL PETROLEUM ROADSHOW 21-23 MARCH 2018 For personal use only 2018 ROCK ME AMADEUS Central Petroleum Roadshow – March 2018
Slide 2: Highlights
HIGHLIGHTS MEREENIE For personal use only • Drilling West Mereenie-26 • $12M plant upgrade PALM VALLEY • Drilling Palm Valley-13 • 5 TJ/d existing plant capacity OORAMINNA • Drilling Ooraminna-3 to determine deliverability BREWER ESTATE AND DINGO • Remote operation CENTRAL PETROLEUM ROADSHOW
Slide 3: Mereenie Upgrade
MEREENIE UPGRADE For personal use only The Mereenie upgrade consists of: • Three new separators (already delivered to Mereenie) • Installation of separators • Re-stage of existing two compressors – contracted • Ordering and installation of new field booster compressor – contracted Refurbishment of p
Slide 4: Palm Valley
PALM VALLEY • Re-open Palm Valley in second half with transfer of 5 TJ/d existing For personal use only contract from Mereenie • Had been producing at 5 TJ/d before purchase of Mereenie • Historical capacity of 20 TJ/d but would require refurbishment and re- location of compressors • Possible upgrad
Slide 5: Drilling Programme
DRILLING PROGRAMME • One Horizontal Well on Stairway Formation in the next 30 days For personal use only • One Horizontal Well at Palm Valley to access natural fractures – optimal length subject to financing • Aim to triple Amadeus Reserves over the next 2 to 5 years if successful – subject to finan
Slide 6: Central Petroleum's Sales Gas Schedule
CENTRAL PETROLEUM’S SALES GAS SCHEDULE For personal use only ACQ - Net to Contracted (firm and non-firm) Central (TJ/day) Existing Contracts (Palm Valley / Mereenie) 13 Macquarie Pre-Sale (Palm Valley / Mereenie) 5 Existing Contracts (Dingo) 4 New 2019 GSA* 30 Residual Spot Sales (as available capac
Slide 7: Where Are We Now?
WHERE ARE WE NOW? • Present 2P Reserves are 125.9 PJ and, under GAP, have identified three drill-ready targets where For personal use only known gas exists in the zone, which can be appraised by a $19 million three horizontal well programme with no intention of fraccing. No. of Wells Gross Potential
Slide 8: Delivering New Queensland Acreage – ATPA 2031
DELIVERING NEW QUEENSLAND ACREAGE – ATPA 2031 • 77 km2 coal seam gas acreage awarded on 1 March 2018 For personal use only by the Queensland Government for Australian domestic gas supply • ATPA 2031 is located midway between Miles and Wandoan in the eastern Surat Basin • The permit lies within the n
Slide 9: Impact on the Territory
IMPACT ON THE TERRITORY • Up to 18 new local jobs For personal use only • Increased expenditure at Alice Springs • Royalties to the Northern Territory Government will total around $18M, an incremental $16M annually and CLC $3M • If the drilling programme is successful will be sustained at that rate
Slide 10: Notice and Legal Disclaimer
NOTICE AND LEGAL DISCLAIMER To the maximum extent permitted by law: For personal use only 1. 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