Central Petroleum Limited · ASX:CTP
Central Petroleum — Good Oil Conference 2010
27 slides from Central Petroleum's conference presentation, Sep 7, 2010
Slide 1: ASX Announcement: Good Oil Presentation
ASX ANNOUNCEMENT ASX CODE: CTP 07 September 2010 TO: The Manager, Company Announcements ASX Limited CONTACT: John Heugh +61 8 9474 1444 GOOD OIL PRESENTATION Central Petroleum Limited (ASX:CTP) (“Central”), as Operator, has pleasure in announcing the presentation due to be given later today at the G
Slide 2: Johnstone West-1
Johnstone West-1 • 88m oil shows • No evidence of water leg • Still drilling
Slide 3: Disclaimer
Disclaimer This presentation, announcement or report has been summarised from various reports including, “CBM Potential of the Pedirka Basin” by Mulready Consultants, “Pre-feasibility Study for a 10,000 bbl/day FT GTL Plant in Central Australia”, and ” Appraisal of GTL Development Option for Potenti
Slide 4: Central Petroleum Limited - Good Oil September 2010
CENTRAL PETROLEUM LIMITED GOOD OIL SEPTEMBER 2010 John Heugh Managing Director +61 8 9474 1444 johnheugh@centralpetroleum.com.au Stockbrokers and Corporate Advisors- Patersons Australia Steven Tomsic +61 8 9263 1111 Does not reflect necessarily in whole or in part the views of existing joint venture
Slide 5: Central Petroleum Overview
Central Petroleum Overview • Central Petroleum Limited (“CTP”) is a Perth based oil & gas exploration company with assets located in Central Australia-biggest exploration package in Australia • Very experienced board of directors and key management • Exploring for gas, oil, Helium, coal, conventiona
Slide 6: Achievements
Achievements • Johnstone West-1, still drilling, oil shows 88m gross column- Amadeus, 6m excellent shows, oil over shakers, now coring • 15m gas column Ooraminna 2 (1,000 km2 Amadeus Basin) • > 600 billion tonnes coal JORC “Exploration Target” • Significant oil shows Blamore 1 and Simpson 1 Pedirka
Slide 7: Robust 2009-2010 Programme
Robust 2009-2010 Programme Phase One 2009 commenced December 2009 : CSG drilling and seismic - 5 fully cored CSG wells- (Pedirka Basin) - now 4 wells confirming over 100m net coal-complete - GoreTM survey Johnstone, NW Mereenie - complete -1,350 line km (Amadeus and Pedirka Basins) -3/4 complete Sub
Slide 8: Proposed Development Path
Proposed Development Path • Oil (12-18 months) and low volume Helium export (24- 36 months) discovery and development for early cash flow • Potential for mini-LNG plants for transport fuel from gas discoveries (24-36 months) • Discovery and development of “big” gas – CSG/UCG Pedirka, non conventiona
Slide 9: Key Programme Highlights 2010
Key Programme Highlights 2010 Indicative, subject to various contingencies including discovery success or otherwise EVENT START FINISH TARGET (“HIGH”) COMMENT Minor gas flow to surface, Ooraminna-2 11th June 7th August 2 trillion cubic feet evidence of tight gas column, gas UGIIP area over 1,000 km2
Slide 10: Possible 2011 Developments
Possible 2011 Developments • 4 oil wells, 2 Amadeus, 2 Pedirka • follow up coal strat drilling 25 wells •1,000 km+ 2D, 300 km2 3D seismic • drilling evaluation shale oil and shale gas • granting of EPs 111 (oil), 124 (oil/gas), 133 (oil/gas), ATPs 909,911,912 (oil/gas) • Coal JV and oil/gas/helium f
Slide 11: Johnstone West-1
Johnstone West - 1 88m oil shows – still drilling Proposed ahead Johnstone 1 500MMbbls (UOIIP) Johnstone Thrust 250m vertical closure Near top Pacoota Sandstone TWT Surface
Slide 12: Surprise 1 - modest closure, favourable location
Surprise 1-modest closure, favourable location Proposed Surprise 1 50 MMbbls (UOIIP) Johnstone West-1 6MMbbls Risked Mean Up to 30 msecs TWT vertical closure Near Top Pacoota Sandstone TWT Surface
Slide 13: Magee - 2
Magee - 2 Proposed Magee 1 Magee 2 1992, 6m 800BCF Heavitree (UGIIP) 15 BCF He 6.3% He (UGIIP) Mt Charlotte 1 (did not reach Heavitree) Up to 200m Magee Thrust Targeting thicker Heavitree Helium Grade A 99.99% liquid $120-145 USD/MCFG -bulk wholesale, escalating 8% pa
Slide 14: Salt Structures – Amadeus Basin
Salt Structures – Amadeus Basin
Slide 15: Salt Structures - Amadeus Basin
Salt Structures-Amadeus Basin
Slide 16: Central value adding petroleum hub
Central value adding petroleum hub Permits & applications
Slide 17: Central's interests
Central’s interests Unconventional Shale Gas & Oil (Permits & applicattions) > 600 Bn tonnes coal JORC “Exploration Target”
Slide 18: Current Prospects
Current Prospects Gas Volumetrics Bcf Oil Volumetrics MMBBls Risked Risked UGIIP COS % Mean Permit UOIIP COS % Mean Permit Mean Mean Johnstone West 256 22 99 22 EP-115 Surprise 49.6 33 19 6 EP-115 NW Mer. Sub 103 26 55 14 EP-115 Waterhouse 2700 EP-82 Magee Arumbera 171 29 61 18 EP-82 Magee Heavitree
Slide 19: Gas and Oil Mature Source Shales HVS
GAS and OIL MATURE SOURCE SHALES HVS (WIP) -Similar concept to Barnett, Baxter, Bakken, Devonian and Marcellus Shales USA HVS Oil Potential UOIIP “high” HORN VALLEY SILTSTONE HVS Gas Potential UGIIP ‘high” Area 1.7 million acres Area 2.47 million acres Gross height of column 100 ft Fractures make up
Slide 20: Arthur Creek Shale Sth Georgina Unconventional
Arthur Creek Shale Sth Georgina Unconventional UGIIP 80 TCFG, UOIIP 650 MMbbls (WIP)
Slide 21: Pedirka: many large oil leads/prospects
Pedirka : many large oil leads/prospects
Slide 22: Significant Coal Intersections - Pedirka Basin
Significant Coal Intersections-Pedirka Basin
Slide 23: Coal-CSG-UCG-GTL
Coal-CSG-UCG-GTL -pre 2009/10 drilling, possible upgrades Merin Energy Pty Ltd Petroleum Tenements* Low High (wholly owned CTP subsidiary) Billion tonnes Billion tonnes Tonnes coal above 1000m contour 1,110 1,385 Tonnes coal below 1000m contour 690 865 1,800 2,250 Merlin Coal Pty Ltd Mineral Tenemen
Slide 24: CBM Pedirka Basin Coal Beds 50km section
CBM Pedirka Basin Coal Beds 50km section 140m coal 160m coal Seams to 30m Seams to 40m
Slide 25: Merlin Coal Pty Ltd (c. 20,000 km2)
Merlin Coal Pty Ltd (c. 20,000 km2)
Slide 26: US$ per Barrel GTL Products
CBM Feedstock A$2.50/GJ Notional generic pre- Notional pre-feasibility feasibility independently independently derived, derived, not a financial Central 20,000 bpd GTL Plant not a financial forecast forecast Producer-owned gas field and Fischer-Tropsch GTL plant (Feedstock at US$2.00 /mscf) 160 GTL
Slide 27: Prospects Leads and Plays
Prospects Leads and Plays GENERAL SUMMARY • conventionally reservoired oil and gas-Amadeus, Pedirka, Georgina and Lander Basins • unconventionally reservoired oil and gas –shale hosted and tight sands-Amadeus and Georgina Basins • conventionally reservoired gas, condensate and Helium-Amadeus Basins