NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — PNG Mining and Petroleum Seminar (December 2013)
24 slides from NGE Capital's conference presentation, Dec 3, 2013
Slide 1: For personal use only
For personal use only December 2013
Slide 2: Disclaimer
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: NGE Assets
NGE ASSETS PNG LNG Received $40M offer in July 2013 For personal use only Potential PNG LNG expansion Talisman Gas Aggregation Concept1 Exxon/Oil Search Crude/Condensate via waterways Talisman/Mitsubishi JVs Royalty 50% NGE NGE Licences NGE Royalty Interest 3 x 100% NGE Licences Western Drilling Lim
Slide 4: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) 12 Months Market Cap: A$15.52 million As at 02/12/2013 $0.018 Latest Cash Position: A$ 5.8million (as at 30 September 2013) High $0.044 Low $0.01 Highest Daily Options: Volume
Slide 5: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE BOARD For personal use only Michael Arnett - Chairman MANAGEMENT A lawyer with over 20 years’ experience in capital raising and M&A in the Grant Worner - Chief Executive Officer mining, oil and gas sector. A director of NRW Holdings Limited and
Slide 6: Strategy and Development Plan
STRATEGY AND DEVELOPMENT PLAN Achievements to Date For personal use only • Acquired significant asset base in Papua New Guinea – 5 blocks covering 29,500Km2 (7.3M acres) • De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic • 340km of NGE-operated seismic at a cos
Slide 7: PPL Licence Highlights
PPL 269 LICENCE Highlights • 32 prospects and leads • Predominantly a gas play For personal use only • Received offer of US$40m in July 2013 • Sale process continues NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 • Siphon-1 Exploration well drilled as technical success but not
Slide 8: PPL Licence Highlights
PPL 268 LICENCE Highlights • 5 prospects and leads • Southern margin of Cecilia Trough gas For personal use only kitchen • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 Regional Activity • PRL21 Elevala and Ketu Appraisal Wells • Reservoir potential up
Slide 9: PPL Licence Highlights
Highlights PPL 266 LICENCE • 1 drillable prospect and 5 leads • Predominantly a gas play For personal use only ‘Macadamia’ NGE Activity circa 36km2 • Regional aerogravity data, seismic in 1H12 • Licence extension approval • Looking to Farm-out PPL 235 • Further de-risk if needed, and • Contingent on
Slide 10: PPL Licence Highlights
PPL 265 LICENCE Highlights For personal use only • 13 leads • Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • 94km seismic in 1H12 • Licence extension approval • Looking to Farm-out • Further de-risk if needed, and • Contingent on above, drill ‘Jerai North’ circa 21k
Slide 11: PPL Licence Highlights
PPL 267 LICENCE Highlights • 9 leads • Multiple leads mapped with >20mmbl For personal use only prospective resource each. NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June 2010 and was plugged and abandoned • Residual
Slide 12: For personal use only
For personal use only Source: Fig 11, Cooper et al., 2012 12
Slide 13: PPL Regional Maturity and Charge
PPL 267 REGIONAL MATURITY AND CHARGE For personal use only Wabuda Trough Seep, chemically analysed Seep, unconfirmed 13
Slide 14: Oil Seeps
Awahe Oil Seep Bewai Oil Seep GC-MS shows saturate components C12 – Analysis Results (Solvent Extract): Light oil, PPL 267 C31, same saturate components as C15+ normal alkanes, early-middle oil window. Panakawa Oil Seep. Comparable maturity with foldbelt oils. Some SEEPS For personal use only minor
Slide 15: Seismic Reprocessing
P76 SURVEY Darai SEISMIC REPROCESSING For personal use only Velseis (2013) Ieru Alene Toro? Before – abundant noise (aka “Has anyone seen the Toro?) Basement Darai After – greatly improved reflector Ieru continuity, data is useable Alene Toro Basement 15
Slide 16: Kaisy Lead: Rollover Anticline Target
KAISY LEAD: ROLLOVER ANTICLINE TARGET SOUTH NORTH KAISY OVERVIEW For personal use only • Lead accessible by barge Top Darai • Imaged by 6 seismic lines Limestone • Alene and Toro Sandstone • >65m of reservoir quality sands averaging >22% porosity in the nearby Panakawa-1 well Base Darai Alene • Seis
Slide 17: PPL Proposed Seismic Program
PPL 267 PROPOSED SEISMIC PROGRAM Seep, chemically analysed For personal use only Biwai Seep Seep, unconfirmed Panakawa Seep Bunigi 2 Seep Proposed seismic New lead mapping in white 17
Slide 18: PPL Seismic Challenges
PPL 267 SEISMIC CHALLENGES >2km wide tidal river crossings, swampy terrain For personal use only Acquisition with no source or receivers in the rivers will create data gaps of 1-2km at reservoir level. Transition zone seismic acquisition costs prohibitive Recording with land system + ‘marine’ hydrop
Slide 19: Why Choose FairfieldNodal's Zland System?
Why Choose FairfieldNodal’s Zland System? For personal use only Terrex’s choice of the Zland system over the competition: • Robust, reliable and waterproof • Lightweight ~2kg each • Autonomous, independent and no need for wireless telemetry • Simple operation, easy to deploy and pickup with minimal
Slide 20: Portability, Productivity, Flexibility
Portability For personal use only In a 2013 onshore dynamite survey in Western Australia, Terrex found that where previously they might carry up to 36 Sercel 428XL channels with each helicopter trip, they could now fly 160+ channels of Zland nodes and often over 200. Productivity The use of ‘GPS tim
Slide 21: Generation - what's next?
Generation 2 ‐ what’s next? After 5 years of successful operation, in 2013 Fairfield announced For personal use only the release of their Zland Gen II, with several improvements: • Even longer battery life with 40 to 60 days deployment • Optional external input for marsh phones, hydrophones or geoph
Slide 22: Drilling Rig
DRILLING RIG First Contract signed For personal use only • Completing commissioning 4Q 2013 • Deploy rig 1Q 2014 • First well program ~150 days total + option well Mitigation • NGE a 50% JV partner owning a fit-for-purpose drilling rig optimised to move with a medium-lift helicopter, most loads of l
Slide 23: Investing in the Community
INVESTING IN THE COMMUNITY Context For personal use only • 7 million people • 80% rural population • About 30 rural doctors NGE, QRME, and Hope4Health helping PNG with • Rural health education • Clinical placements • Clinical literature • Teaching literature • Clinical equipment 23
Slide 24: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS Sydney For personal use only 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: +67
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