NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (August 2010)
32 slides from NGE Capital's investor presentation, Aug 5, 2010
Slide 1: Corporate Presentation – August 2010
For personal use only CORPORATE PRESENTATION – AUGUST 2010
Slide 2: Important Notice
For personal use only IMPORTANT NOTICE The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluation New Guinea Energy Ltd. While management has taken every effort t
Slide 3: PNG General Overview
For personal use only PNG GENERAL OVERVIEW PNG is a stable, pro-development, low tax country offering excellent fiscal returns PNG fiscal terms ranked 8th in the world, 3rd in region Limited portfolio acreage available in Asia Southeast Asia Multi-Nationals and National Oil Companies in ‘land
Slide 4: Overview of Players
For personal use only OVERVIEW OF PLAYERS PNG Oil & Gas Value Curve (at current oil price) Market Capitalisation $5bn $1bn Other Players include: $200m •Exxon Mobil •Santos •Talisman Energy $100m Prospects Discoveries Production Profits Superior profits & reserves
Slide 5: Overview of Players
For personal use only OVERVIEW OF PLAYERS
Slide 6: Overview of Activity in Region
For personal use only OVERVIEW OF ACTIVITY IN REGION April 2009 Oil Search farmed into Eaglewood Energy’s PPL 260 for 55km of seismic and a well commitment. May 2009 Papua Petroleum Ltd (Papua Petroleum) farmed out to Sasol to fund four wells and 100km of 2D seismic in PPL 235. Horizon Oil NL
Slide 7: NGE's Licence Overview
For personal use only NGE’S LICENCE OVERVIEW
Slide 8: Commercial Map of Papua New Guinea
COMMERCIAL MAP OF PAPUA NEW GUINEA For personal use only
Slide 9: Current Permit Equity Positions
CURRENT PERMIT EQUITY POSITIONS 100% NGE For personal use only 100% Talisman 50% Talisman / 50% Horizon 50‐85% NGE / 15‐50% Talisman 50% Talisman / 50% Sasol
Slide 10: Excellent Assets
For personal use only EXCELLENT ASSETS 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 11: Prospects
For personal use only PROSPECTS P Prospective ti Resource R 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
Slide 12: Top Leads
For personal use only TOP 10 LEADS P Prospective ti Resource R PPL 10 Top Leads Mean MMBOE 266 Aiambak 184 269 Amdi 466 269 Burnet 174 268 Eulophia 474 269 Gu River 80 269 M i Muir 141 267 Paradise 62 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1790
Slide 13: Port of Kiunga on the Fly River
For personal use only PORT OF KIUNGA ON THE FLY RIVER
Slide 14: Capital Structure at August 2010
For personal use only CAPITAL STRUCTURE at 2 AUGUST 2010 ASX Code: NGE Trading Statistics No of Shares: 681,093,988 This Month Last $0.13 Market Cap: A$89 million at $0.13 $0 13 High $0.22 Low $0.115 Options: Highest Daily 7,500,000 exercisable @ $0.275 before 28 August 2011 Volume (23/07/10) 18,177
Slide 15: Current Position
For personal use only CURRENT POSITION A$21M in i cash h reserves att 2 August A t 2010 Market cap increased significantly since early 2009 to A$153M (as at 11 June) Share price range of $0.026 in February 2009 to $0.295 in September 2009 A$35M $ spent p on infrastructure and exploration p
Slide 16: Analysts' Views
For personal use only ANALYSTS’ VIEWS Target Share Firm Date of Research Price Recommendation State One 4 November 2009 A$0.47 SPECULATIVE St kb ki Ltd Stockbroking BUY Bell Potter Securities 4 November 2009 - - Ltd BSP Capital Ltd 3 February 2010 K0.45 STRONG BUY Martin M ti Place Pl 5F February b
Slide 17: Corporate Directory
For personal use only CORPORATE DIRECTORY Directors Michael Arnett - Executive Chairman Archipelago Resources PLC, NRW Holdings Limited, Nexus Energy Limited, Queensland Energy Resources Limited. Sir Michael Bromley - Non-Executive Director Heli Niugini Limited, Chemica Limited, Steamship Trading Co
Slide 18: PNG Licences
For personal use only PNG LICENCES
Slide 19: PPL Prospects and Leads
For personal use only PPL 269 PROSPECTS AND LEADS 5 prospects mapped and 34 leads identified Major discoveries on trend Oil potential in west and wet gas potential throughout Stanley Gas Development may extend into PPL 269 Seismic in 2010 and well to follow Commercial farmout terms with
Slide 20: Terms of Farm In for PPL
For personal use only TERMS OF FARM IN FOR PPL 269 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 21: PPL Leads
For personal use only PPL 268 LEADS S 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 Planned seismic program in 2010 and well to follow Commercial farmout terms with Talisman Energ
Slide 22: Terms of Farm In for PPL
For personal use only TERMS OF FARM IN FOR PPL 268 R i b Reimbursement t off 50% off pastt sunk k costs t off A$2 48 A$2.48 million. illi Conduct seismic program to the value US$5 million to earn a 15% interest. Talisman T li h has th option the ti t drill to d ill a well ll to t a maximum i c
Slide 23: PPL Location Map
For personal use only PPL 267 LOCATION MAP 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 2008 seismic acquired over Panakawa Prospect confirmed a drilling target for 2010 W Well ll spudded
Slide 24: PPL Panakawa Prospect Area
Panakawa-1 For personal use only Alene Mbr PPL 267 PANAKAWA PROSPECT AREA Toro Fm Imburu Fm Preliminary petrophysical analysis of the Panakawa-1 Alene Member and Toro Formation reservoir intervals. Note thick sandstones developed in the Alene Member (reservoir quality increases to left on ‘Lithology
Slide 25: Panakawa-1 Results
For personal use only PANAKAWA-1 RESULTS Panakawa-1 status: well to be plugged and abandoned. The overall cause of failure of the Panakawa Prospect is the lack of trap integrity due to apparent fault leakage. Positive outcomes include: 1) the confirmation of thick, high quality reservoir sandstones
Slide 26: PPL Leads
For personal use only PPL 265 LEADS 8 leads identified Foreland gas and oil play in Morehead Graben Gas sho shows s in Mata-1 Mata 1 2009 aerogravity and magnetics survey delineates likely source areas 2010 seismic program to firm up drilling target for 2011
Slide 27: PPL Prospects and Leads
For personal use only PPL 266 PROSPECTS AND LEADS 1 drillable prospect 16 leads defined by seismic Northeast corner of block high graded due to recent gas discoveries on trend Previous wells drilled by Conoco intersected hydrocarbons, secondd down-dip d di wellll intersected 30m of water- sa
Slide 28: PPL Leads
For personal use only PPL 277 LEADS 13 leads identified Oil and gas condensate potential Test distal Toro reservoir 2008 fieldwork identified new seeps at SE Wage Lead Excellent access in central area along Kutubu Road
Slide 29: Strategy for Appraisal, Development & Exploration
For personal use only STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION Finalise work program and budget arrangements with Talisman Energy Inc on farmout of PPL 268 and PPL 269. g drilled the Panakawa Prospect Having p in PPL 267,, use data to initiate new seismic program to confirm second drill
Slide 30: Strategy for Appraisal, Development & Exploration
For personal use only STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION Focus own field operations on moderate risk / high reward petroleum prospects close to transport and export infrastructure in western PNG. Minimise total drilling costs by drilling locations supported by road and river acces
Slide 31: Summary
For personal use only SUMMARY New Guinea Energy has over 52,000 sq kms of oil and gas acreage. PNG is ideally positioned to offer large company partners highly attractive opportunities for diversification and expansion in the booming, yet energy deficient Asia-Pacific. For more information, speak to
Slide 32: Contact Us
For personal use only CONTACT US Sydney Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Level 22, Gold Fields House PO Box 592 1 Alfred Street Port Moresby Sydney NSW 2000 National Capital District, PNG T: +61 61 (0) 2 9250 1800 F: +61 (0) 2 9250 1838 T: +675 321 1785 W: www.ngenergy.com.au
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