Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (July 2023)
13 slides from Pancontinental Energy Nl's shareholder meeting presentation, Jul 25, 2023
Slide 1: Presentation to General Meeting
Presentation to General Meeting 25 July 2023 ASX: PCL
Slide 2: Disclaimer
Disclaimer These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities, nor shall any part of these materials or fact of their distribution or
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Board & Management ASX Code PCL Ernie Myers Chairman Shares on Issue 8.05 billion Barry Rushworth Executive Director Options on Issue 780 million1 Vesna Petrovic Executive Director & Company Secretary Share price A$0.015 Iain Smith Advisor to the Board Market Cap
Slide 4: Why Offshore Namibia?
Why Offshore Namibia? Hartleys Limited Pancontinental Oil and Gas NL (PCL) 8 February 2018 Fig. 16: South Atlantic Margin • Global exploration hotspot • Giant oil discoveries by Shell and TotalEnergies through 2022/23 • West African basins exhibit analogous geology to the prolific petroleum basins o
Slide 5: Namibian Orange Basin
Namibian Orange Basin • Historically underexplored PEL 87 • Prime acreage tightly held • Water depths 200 metres to >3,000 metres * PANCONTINENTAL • Basin developed through Jurassic-Cretaceous PEL 90 PEL 83 CH GALP • Thick, high quality and regionally extensive Kudu oil shale EV RO source rock N • V
Slide 6: TotalEnergies & Shell Discoveries
TotalEnergies & Shell Discoveries • Venus oil discovery made early 2022 PEL 87 • 84 metres net oil pay in Late Cretaceous sandstone reservoir • Reportedly has potential for >3 billion barrels oil recoverable * • TotalEnergies investing almost half of its global exploration PANCONTINENTAL 2 wells 202
Slide 7: Pancontinental's PEL 87
Pancontinental’s PEL 87 PEL 87 3D seismic • PEL 87 awarded 2018 survey Saturn footprint • Large permit – 10,970 km2 * PANCONTINENTAL • Hosts the vast Saturn Turbidite Complex (STC), mapped on PEL 90 PEL 83 2D seismic data CH GALP EV RO • STC offers very significant resource potential within reservoi
Slide 8: Significance of Turbidite Systems
Significance of Turbidite Systems • Vast oil reserves discovered within turbidite systems either side of South Atlantic Margin • Turbidites are regarded as the most significant petroleum reservoir system offshore West Africa • Turbidites deposited within submarine density flows, typically initiated
Slide 9: Saturn Turbidite Complex (STC)
Saturn Turbidite Complex (STC) • STC covers a vast area of some 4,000 km2, with a core area of 2,400 km2 • Presently mapped on legacy 2D seismic data • Same stratigraphic level as the Venus discovery and shares the same source and sealing formations • The entire STC complex is interpreted to be enve
Slide 10: Major Investment by Woodside Energy
Major Investment by Woodside Energy • Woodside earning an option to acquire a 56% Participating Interest in PEL 87 • Woodside fully funded a US$35million+ 3D seismic survey Stage • If Woodside exercises the option then Woodside and PCL will enter into a farmout 1 agreement. Woodside will then: • Ful
Slide 11: 3D Seismic Processing Underway
3D Seismic Processing Underway • Woodside funded 3D seismic survey over the Saturn Turbidite Complex and surrounding area • The survey was originally intended to cover an area of ~5,000 km2, at an estimated cost of US$35 million • Survey was subsequently increased by Woodside to 6,593 km2 (with no m
Slide 12: Africa's Largest Prospective Oil Target?
Africa’s Largest Prospective Oil Target? The recent major discoveries in Namibian Orange Basin highlight PEL 87’s potential for hosting a world-class oil Venus discovery. The scale and resource potential is considered by PCL to be comparable to giant turbidite-associated Jubilee discoveries with ana
Slide 13: Thank you
Thank you Level 2 30 Richardson St West Perth WA 6005 T: +61 8 6363 7090 pancon.com.au
Pancontinental Energy NL — Shareholder Meeting (July 2023) on 6ix