NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (September 2011)
26 slides from NGE Capital's investor presentation, Sep 8, 2011
Slide 1: September 2011
For personal use only September 2011
Slide 2: For personal use only
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: About Papua New Guinea (PNG)
ABOUT PAPUA NEW GUINEA (PNG) For personal use only GOVERNMENT Independent since 1975, stable, pro-development, low-tax environment. Constitutional parliamentary democracy and member of British Commonwealth of Nations. CLOSE HISTORICAL TIES WITH AUSTRALIA Australia is PNG’s largest aid donor; 2011
Slide 4: NGE Exploration Licences
NGE Exploration Licences EXCELLENT ASSETS For personal use only NGE possesses one of the last available highly prospective, onshore, non- aligned acreage positions in SE Asia Six onshore licences, 13 million net acres (52,000 km2), 50-100% interest 1 Billion bbls oil and 15 TCF of gas discover
Slide 5: Permit Equity Positions - September 2011
Permit Equity Positions - September 2011 100% NGE 100% Talisman For personal use only 50% Talisman / 50% Horizon 50% NGE / 50% Talisman 50% Talisman / 50% Sasol New Oil Search (Nov 2010 farmin)
Slide 6: Overview of Players
OVERVIEW OF PLAYERS Market For personal use only Capitalisation Value Curve of PNG-Focused Oil & Gas Players A$ $10bn Other Players $1bn include: •Exxon Mobil $100m •Santos •Talisman Energy •Sasol Prospects Discoveries Production Profits Superior profits & reserves
Slide 7: Excellent Assets
EXCELLENT ASSETS For personal use only NGE possesses one of the last available highly prospective, onshore, non- aligned acreage positions in SE Asia Six onshore licences, 13 million net acres (52,000 km2), 50-100% interest 1 Billion bbls oil and 15 TCF of gas discovered in adjacent licences
Slide 8: Prospects
PROSPECTS For personal use only Undiscovered PIIP* PPL 6 Prospects Mean MMBOE 266 Lake Murray West 199 269 Tarim - Alene Oil and Deep Gas Case, OR 66 - Alene Gas and Deep Gas Case 41 269 Sepalosiphon (65% within PPL269) 46 269 Thelasis 44 269 Thelymitra 49 269 Ridlegella 50 TOTAL 429-454 * Petroleum
Slide 9: Excellent Assets: Top Leads
EXCELLENT ASSETS For personal use only Undiscovered PIIP* PPL 10 Top Leads Mean MMBOE 266 Aiambak 184 268 Eulophia (268-6 Drape) 474 269 Amdi 466 269 Burnet 174 269 Champion 50 269 Gu River 80 269 Muir 141 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1778 * Petroleum Initial
Slide 10: Capital Structure
CAPITAL STRUCTURE For personal use only ASX Code: NGE Trading Statistics This Month No of Shares Listed: 846,541,193 Last $0.10 High $0.11 Market Cap: A$93 million at $0.11 Low $0.081 Highest Daily 2,054,519 Options: Volume (09/08/11) 12,000,000 exercisable @ $0.30 before 1 March 2012 2,000,000 exer
Slide 11: Current Position
CURRENT POSITION For personal use only A$29.8 million in cash reserves at 31 August 2011 Share price range of $0.026 in February 2009 to $0.295 in September 2009 A$45M spent on infrastructure and exploration Drilled first well in June 2010 Listed on three stock exchanges – ASX, POMSOX and
Slide 12: Corporate Directory
CORPORATE DIRECTORY Directors For personal use only Michael Arnett - Executive Chairman NRW Holdings Limited, Nexus Energy Limited, Global Resources Limited and Queensland Energy Resources Limited. Sir Michael Bromley - Non-Executive Director Heli Niugini Limited, Chemica Limited, Steamship Trading
Slide 13: PPL – Prospects and Leads
PPL 269 – PROSPECTS and LEADS For personal use only 5 prospects mapped and 34 leads identified, remapping and additions to lead inventory underway Major discoveries on trend, oil potential in west Stanley Condensate Stripping Development 11km from Siphon-1 New reservoir at Stanley-2 Seismi
Slide 14: Siphon-1 Well
SIPHON-1 WELL For personal use only Siphon-1 Exploration Well Spud date: 17 July 2011 Planned Total Depth: 3787m Rig: Parker 226 Objective: Toro Sandstone NGE Mean Prospective Resource estimate: 234 BCF gas / 7 MMBC (Petroleum-initially-in-place) Results available mid September Note 2010/11 seismic
Slide 15: PPL – Seismic Line K89-05
PPL 269 – SEISMIC LINE K89-05 For personal use only SW NE Stanley Sepalosiphon Structure Structure Base Darai Top Toro Basement Targeted Interval
Slide 16: Terms of Farm-in for PPL
TERMS OF FARM-IN FOR PPL 269 For personal use only Reimbursement of 75% of past sunk costs of A$6.24 million. Conduct a seismic program to the value of US$6 million and pay 100% of agreed costs of one well up to a maximum cost of US$15 million to earn a 50% interest. NGE has the option to assign
Slide 17: PPL Leads
PPL 268 LEADS For personal use only Sparse seismic control Southern margin of Cecilia Trough gas kitchen Reservoir potential upgraded by recent Puk Puk-1 and Douglas-1 gas discoveries on trend Seismic complete 1Q 2011 (shown in bold yellow) and well to follow Commercial farmout terms with
Slide 18: PPL Leads
PPL 268 LEADS For personal use only SW NE Darai Limestone Ieru Fm Lead Basement Elevala Sst Typical 268 lead where reservoir onlaps ‘buried hill’, or upside scenario with continuous reservoir draped across entire feature
Slide 19: Terms of Farm-in for PPL
TERMS OF FARM-IN FOR PPL 268 For personal use only Reimbursement of 50% of past sunk costs of A$2.48 million. Conduct seismic program to the value US$5 million and contribute US$1.5 million to an additional US$3.3 million seismic program to earn a 50% interest. If Talisman and NGE elect to dri
Slide 20: PPL Prospects and Leads
PPL 266 PROSPECTS and LEADS For personal use only 1 drillable prospect 20 leads defined by seismic Northeast corner of block high graded due to recent gas discoveries on trend Previous wells drilled by Conoco intersected hydrocarbons, second down-dip well intersected 30m of water- saturated
Slide 21: PPL Leads
PPL 265 LEADS For personal use only 12 leads identified Foreland gas and oil play in Morehead Graben Oil extracted from cores in Mata-1 2009 aerogravity and magnetics survey delineates likely source areas 2011 seismic program to firm up drilling target for 2012 Seismic Focus Area
Slide 22: PPL Location Map
PPL 267 LOCATION MAP For personal use only 100km trend of oil seeps identified Panakawa Prospect, surface seep flowing at 5 bbls/day 35 API oil from seep identifies new oil play in foreland 2006 and 2008 seismic acquired over Panakawa Prospect Well spudded in June 2010 and was plugged and
Slide 23: PPL Leads
PPL 277 LEADS For personal use only Huria Prospect 13 leads identified Oil and gas condensate potential Test distal Toro reservoir 2008 fieldwork identified new seeps at SE Wage Lead 2011 field program to extend area of detailed surface data. Proposed 2011 Field Program Excellent access
Slide 24: Impending Growth Catalysts
IMPENDING GROWTH CATALYSTS 2Q 2011 3Q 2011 4Q 2011 1H 2012 For personal use only New rig arrives in PNG Corporate $20m in new funding New rig complete Independent Geologist’s review of all licenses Stanley Condensate FID Stanley-2 and -4 Stanley development Development appraisal results drilling Uni
Slide 25: Strategy for Appraisal, Development & Exploration
Strategy for Appraisal, Development & Exploration For personal use only Implement drilling program with Talisman Energy Inc on PPL 268 and PPL 269. Having drilled the Panakawa Prospect in PPL 267, use data to initiate new seismic program to confirm second drilling target. Continuing programs o
Slide 26: Contact Details
CONTACT DETAILS For personal use only Sydney 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: +675 321 1782 W: www.
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