Prominence Energy Limited · ASX:PRM
Prominence Energy — Investor Presentation (September 2023)
20 slides from Prominence Energy's investor presentation, Sep 4, 2023
Slide 1: Investor Presentation
Investor Presentation Small Explorer, Large Prospects 4 September 2023 1
Slide 2: Important notices and disclaimer
Important notices and disclaimer This presentation has been prepared by Prominence Energy Ltd (“Prominence”) for the purpose of providing a company and technical overview to interested parties to enable recipients to review the business activities of Prominence. This presentation is limited in scope
Slide 3: Prominence Energy (PRM)
Prominence Energy (PRM) A Small Future-Facing Energy Company, targeting Transformative Opportunities WHO ARE WE • Prominence Energy Limited is an Australian Securities Exchange (ASX:PRM) listed energy company headquartered in Perth • Managed by a shareholder aligned experienced team • Focus is to ke
Slide 4: Investment highlights
Investment highlights Key Focus is on progressing potential >1Tcf gas prospect Farm-out FAST TRACK TRANSFORMATIVE BIG APPLE GAS OPPORTUNITY • The Big Apple Prospect leases (Blocks A87 & A90 Brazos Area) were granted 1 July 2023 with a 5-year term • Opportunity perfectly aligns with PRM Investment St
Slide 5: Corporate overview
Corporate overview Ground Floor Valuation. Strict Investment Approach. Reload with Big Apple Project. Capital Structure Capital Structure Directors and Key Personnel As at 1 Sept 2023 Overview Ordinary Shares on Issue 20 for 1 share consolidation Alex Parks 121.2m Managing Director (15 June 2023) un
Slide 6: Asset Portfolio
Asset Portfolio Target high ROI opportunities, secure early, at close to ‘ground floor’ valuations 6
Slide 7: Current Assets
Current Assets Big Apple Project Farm-out and Crystallise Value from existing portfolio BIG APPLE PROJECT (PRM 100%) BOWSPRIT OIL PROJECT (PRM 100%) • Big Apple Prospect leases (Blocks A87 & A90 Brazos Area) • Prominence has 100% Working Interest in 635 acres leased in were granted 1 July 2023 with
Slide 8: Big Apple (PRM 100%)
BIG APPLE (PRM 100%) Large Conventional Gas Prospect in Shallow Water Gulf of Mexico • PRM (via wholly owned Subsidiary) has been awarded Blocks A87 & A90 Brazos Area, South Addition in the March 2023 Lease Sale 259. • Lease OCS-G- 37341 & OCS-G- 37342 • Lease term is for 5 years (granted 1 July 202
Slide 9: Big Apple – The Right Location
BIG APPLE – The Right Location Right Location close to existing discoveries and current high activity levels • Several developed oil and gas fields lie FIELD OPER. CUM. OIL CUM GAS PERF’D updip of the the Big Apple Prospect BA578 SHELL BA017A CYX 43 512 95 82 11K-12K 7K-10K Exxon has recently taken
Slide 10: Big Apple – The Right Neighbours
BIG APPLE – The Right Neighbours Right Location close to production infrastructure and LNG export projects Freeport BIG APPLE Corpus Christi Big Apple Location Map – Close to infrastructure and activity Big Apple Location Map – Gulf of Mexico LNG Export Projects 10
Slide 11: Big Apple – The Gas Market
BIG APPLE – The Gas Market USA is the world’s biggest energy consumer and biggest LNG exporter • The USA consumes over 100 bcf / day • The USA is the world’s largest LNG exported as of 2023 • LNG Exports are currently 12 bcf/d and expected to rise to 20bcf/day in coming years • Gas production from t
Slide 12: Big Apple – Lead History
BIG APPLE – Lead History Strong Resemblance to Diana Field amplitude • Big Apple Prospect sits in ~75m of water • Reservoir is approximately 2,600m (8,500ft deep) • Can be drilled from a jack-up rig, the provisional well cost estimate is ~US$15.5 million • A strong amplitude was first identified on
Slide 13: Big Apple – AVO Gas Prospect
BIG APPLE – AVO Gas Prospect AVO (Class III) gas prospect with an area of 16-30km2 • Interpretation of recently acquired seismic and well data by PRM has upgraded the Big Apple Lead to Prospect Status • Big Apple is potentially a Drillable Prospect Shallower sand identified through AVO – 10-15m thic
Slide 14: Big Apple > 1Tcf Gas Potential
BIG APPLE > 1Tcf Gas Potential Netherland, Sewell & Associates, Inc. have provided an Independent Assessment1 • Big Apple has Total Unrisked Mean Net Prospective Resources of 1.37 Tcf of Gas and Total Risked Mean Net Prospective Resources of 426 Bcf BA3 East Unrisked Estimated Ultimate Recovery Net
Slide 15: Bowsprit (PRM 100%)
BOWSPRIT (PRM 100%) Our Second Gulf of Mexico Project – targeting conventional oil • Located in Prolific Hydrocarbon Province. St Bernard & Plaquemines Parishes (Red Oval) have produced 1.2 billion bbls of oil and 5.2 Tcf of gas since 1978 • Favourable sedimentary circumstances combine with a variet
Slide 16: Bowsprit - single well development
BOWSPRIT - single well development Bowsprit remains a viable single well development project, potential for ~1,500bopd PRM work program • T1 area was discovered in 1960’s when drilling deeper gas field. Cross Section • T2 area was drilled by PRM in October 2021 to test a deeper sand. Vertical well w
Slide 17: WA519-P, Australia (PRM 12.5%)
WA519-P, AUSTRALIA (PRM 12.5%) The block contains several multi-Tcf prospects and leads • WA-519-P in final year of primary term. Operator has applied for a further 5-year term with partial relinquishment • Multi-Tcf Gas & Condensate Sasanof exploration prospect was drilled in June 2022 • The well w
Slide 18: ECOSSAUS (PRM 10.9%)
ECOSSAUS (PRM 10.9%) Early mover advantage into the Australian solution mined salt cavern ecostorage industry • ECOSSAUS has an early mover advantage into the Australian solution mined salt cavern ecostorage industry for on demand energy reserves such as hydrogen • Targeting a net zero carbon operat
Slide 19: Investment timeline
Investment timeline* * Timetable and activities are all subject to change, for reasons including availability of capital,, JV and various regulatory approvals, corporate negotiations etc. Progress to farm-out potential >1Tcf gas prospect, release value from existing asset base and very active new ve
Slide 20: Contact Us
CONTACT US ABN 69 009 196 810 Level 2, 30 Richardson Street, For further Information Media and Investor Enquiries West Perth WA 6005 Aiden Bradley (NWR Communications) Email: aiden@nwrcommunications.com.au Telephone: +61 8 9321 9886 Email: admin@ProminenceEnergy.com.au Website: www.ProminenceEnergy.
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