Prominence Energy Limited · ASX:PRM
Prominence Energy — Investor Presentation (May 2024)
26 slides from Prominence Energy's investor presentation, May 9, 2024
Slide 1: Corporate Presentation
Corporate Presentation Portfolio of Very High ROI Opportunities Small Explorer, Large Prospects 9 May 2024 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 >1TCF GAS TARGET: 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
Slide 5: Update: Umine LLP Investment
Update: Umine LLP Investment Exposure to Uranium Bull Market, development and nearer term production opportunity STRATEGIC INVESTMENT IN NEAR TERM URANIUM1 – FITS STRICT INVESTMENT STRATEGY • PRM has acquired a 20% stake in Umine LLP a Kazakh company • PRM targeted the Uranium sector as a potential
Slide 6: Corporate overview
Corporate overview Ground Floor Valuation. Strict Investment Approach. Capital Structure Capital Structure (assuming Tranche 2 of placement Directors and Key Personnel is approved at EGM) Overview Ordinary Shares on Issue 20 for 1 share consolidation Alex Parks 311.38m undertaken in June 2023 Managi
Slide 7: Asset Portfolio
Asset Portfolio Target high ROI opportunities, secure early, at close to ‘ground floor’ valuations 7
Slide 8: Current Assets
Current Assets Big Apple Project Farm-out and Crystallise Value from existing investment portfolio BIG APPLE GAS PROJECT (PRM 100%) UMINE URANIUM PROJECT (PRM 20%) • Big Apple Prospect leases (Blocks A87 & A90 Brazos Area) • Acquired a 20% stake in Umine LLP a Kazakh company. were granted 1 July 202
Slide 9: 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 10: 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 updip of the the Big Apple Prospect • Exxon has recently taken up a large acreage position in the Brazos Area over formally depleted fields (presuma
Slide 11: 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 11
Slide 12: BIG APPLE – The Market
BIG APPLE – The 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 11.6 bcf/d and expected to rise to 20bcf/day in coming years • Gas production from the
Slide 13: 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$12 million • A strong amplitude was first identified on a
Slide 14: 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 near Prospect Status • With further work, Big Apple is potentially a Drillable Prospect • New mapping of the purcha
Slide 15: 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 16: UMINE: Uranium Investment (PRM 20%)
UMINE: Uranium Investment (PRM 20%) Exciting foothold secured in the Kazakh Uranium industry • PRM secured a 20% equity interest in Umine LLP, a Kazakh Uranium development company • Umine is seeking to produce and sell Uranium through the execution of a Uranium Mine site rehabilitation in Kazakhstan
Slide 17: UMINE: Uranium Sampling Results
UMINE: Uranium Sampling Results 50 Surface Sampling Results Exceed Expectations •Significant Findings: • Initial surface samples significantly exceeded expectations, especially from low-grade ore dumps. • Encouraging result for potential future uranium extraction. Detailed Sampling Results1 •Low-gra
Slide 18: UMINE: Time-Table to Development
UMINE: Time-Table to Development Potential to be fast track supply to meet market demand Local/Regional Detailed Mineral Financing and Plant operation Permit Statutory Authority Engineering Resource plant and uranium Application Approval support Plan Reporting construction sales Umine has obtained a
Slide 19: DJIDELI SITE MATERIAL
DJIDELI SITE MATERIAL Djideli high-grade uranium mining was carried out by the Kyrgyz Mining Combine (PO Yuzhpolimetall) from 1972 until 1985 Google Earth image of Djideli site showing the material on site to be remediated Djideli site visit 19
Slide 20: UMINE – Nearer Term Supply Potential
UMINE – Nearer Term Supply Potential The existing uranium supply gap is expected to deepen through to 2040 • ‘Reactivating inactive mines is vital to increase New Mine 10-15 Years short-term supply as new from Discovery to mines can take 10-15 Development years to become operational’1 • Examples of
Slide 21: Target: Supply from Abandoned Mines
Target: Supply from Abandoned Mines Material Supply potential from Mine Site Rehabilitation Projects • ‘Approximately 24 billion tons of existing hazardous radioactive waste, such as uranium tailings can yield nearly 9.6 million tons of uranium, which can be made available for nuclear industrial pro
Slide 22: UMINE – Kazakhstan Potential
UMINE – Kazakhstan Potential The Right Address - 60 known uranium deposits are known, in six uranium provinces • Uranium exploration started in 1948, in 2009 Kazakhstan became the world's leading uranium producer, with almost 28% of world production, then 33% in 2010 rising to 43% in 2019. • Up to 2
Slide 23: 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 24: WA519-P, AUSTRALIA (PRM 12.5%)
WA519-P, AUSTRALIA (PRM 12.5%) The block contains several multi-Tcf prospects and leads • WA-519-P permit at end of primary term. Application has been submitted to extend for a further 5-year term with partial relinquishment • Multi-Tcf Gas & Condensate Sasanof exploration was drilled in June 2022 •
Slide 25: 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. Target Activity: Farm-out potential >1Tcf gas prospect, Permit approval from Kazakh Ministry of Industry, Storag
Slide 26: 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.