Central Petroleum Limited · ASX:CTP
Central Petroleum — Good Oil Conference 2009
27 slides from Central Petroleum's conference presentation, Sep 9, 2009
Slide 1: Good Oil Conference Presentation
TO: Manager, Company Announcements ASX Limited 09.09.09 CONTACT: John Heugh +61 8 9474 1444 Central Petroleum Limited “Good Oil” Conference Presentation For personal use only Central Petroleum Limited, (CTP) plans, subject to various approvals and contingencies, a robust exploration programme commen
Slide 2: Good Oil 2009
For personal use only central petroleum LIMITED GOOD OIL 2009 Derived from a variety of previous announcements and public domain information Does not reflect necessarily in whole or in part the views of PXA, QGC, or the BG Group, Trident Energy Limited, He Nuclear Limited or the current Joint Ventur
Slide 3: Disclaimer
For personal use only Disclaimer The presentation 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 Potential
Slide 4: Central Corporate
Central Corporate For personal use only • Started in 1998 with US$12/bbl oil prices • Listed early 2006, current capitalisation c.$70 million 12 cps (020909) • 570 million shares, 129 million CTPOA options trading 6 cpo, 95 million CTPO options trading 3 cpo (020909) • $35 million banked funds • Rol
Slide 5: Significant potential, proven prospectivity
Significant potential, proven prospectivity For personal use only • Central operates over 250,000 km2 • Proven prospectivity- ground surrounds 2 producing fields Mereenie, Palm Valley (Santos/Magellan JV) • Billion barrel oil, multi TCF gas and multi BCF Helium* conceptual potential • Trillion tonne
Slide 6: Development Path
Development Path For personal use only • Oil discovery and development for early cash flow • Development of gas and Helium resources in conventional reservoirs • Development of CBM Pedirka and and non conventional reservoirs Amadeus & Georgina • Examination of UCG applications outside of the current
Slide 7: Central value adding petroleum hub
Central value adding petroleum hub For personal use only
Slide 8: Prospective resources/UOIIP-UGIIP
Prospective resources/UOIIP- UGIIP For personal use only • 35 TCFG or 6 Bn BOE upside “yet to find” Amadeus Basin conventional targets-NTGS 2005 • Johnstone, Ooraminna, Magee, Mt Kitty 300 MMbbls UOIIP, 5.5 TCFG gas, 0.2 TCFG Helium UGIIP (200 others to date) • 34-70 TCFG (BM Prospective Resources i
Slide 9: Central's interests and 2008 results
Central’s interests and 2008 results For personal use only
Slide 10: Robust 2009 Programme Proposal
Robust 2009 Programme Proposal For personal use only Planned commencement Oct 2009 Phase One 2009 5 fully cored CSG wells- (Pedirka Basin) flow testing CBM93001 GoreTM survey Johnstone Ooraminna-2 gas, 2 TCFG UGIIP- already flowed gas 1,350 line km (Amadeus and Pedirka) Subtotal $25 million, CTP $16
Slide 11: Location Pedirka CSG/UCG, HVS and Arthur Creek Shale Plays
Location Pedirka CSG/UCG, HVS and Arthur Creek Shale Plays-Non-conventional For personal use only
Slide 12: Coal-CSG-UCG-GTL
Coal-CSG-UCG-GTL For personal use only Petroleum Tenements* Low High Billion tonnes Billion tonnes Tonnes coal above 1000m contour 1,110 1,385 Tonnes coal below 1000m contour 690 865 1,800 2,250 Mineral Tenements* Billion tonnes Billion tonnes Tonnes coal above 1000m contour 635 795 Tonnes coal belo
Slide 13: Recent CSG Transactions
Recent CSG Transactions For personal use only 2P 3P Av. $2.90/GJ Av. $1.25/GJ
Slide 14: Pedirka Basin Structural Elements
Pedirka Basin Structural Elements For personal use only • Coal intersections > 100m net • Residual oil columns and live oil to surface • Similar geology to Cooper/Eromanga • 2,000 km seismic • poor focus on post oil charge structures to date
Slide 15: Pedirka Petroleum and Mineral Permits & Applications
Pedirka Petroleum and Mineral Permits & Applications-situation covered ! For personal use only • 53,000 km2 Petroleum • 20,000 km2 Mineral • 25,000 km2 Coal • 1.1-1.4 Trillion tonnes > 1,000m (Exploration Target)
Slide 16: CBM Pedirka Basin Coal Beds 50km section
CBM Pedirka Basin Coal Beds 50km section For personal use only 140m coal 160m coal Seams to 30m Seams to 40m
Slide 17: Location Pedirka, HVS and Arthur Creek Shale Plays
For personal use only Location Pedirka, HVS and Arthur Creek Shale Plays
Slide 18: Gas and Oil Mature Source Shales HVS
GAS and OIL MATURE SOURCE SHALES HVS -Similar concept to Barnett, Baxter, Bakken, Devonian and Marcellus Shales USA For personal use only HORN VALLEY SILTSTONE HVS Oil Potential UOIIP “high” HVS Gas Potential UGIIP ‘high” Area 1.7 million acres Area 2.47 million acres Gross height of column 100 ft G
Slide 19: Location Pedirka, HVS and Arthur Creek Shale Plays
For personal use only Location Pedirka, HVS and Arthur Creek Shale Plays
Slide 20: Arthur Creek Shale Unconventional
Arthur Creek Shale Unconventional UGIIP 50 TCFG, UOIIP 650 MMbbls -1.5% fracture porosity For personal use only
Slide 21: Pedirka: many large leads/prospects
Pedirka : many large leads/prospects For personal use only
Slide 22: Warburton Basin EP Rawson Farmin Blocks
For personal use only Warburton Basin EP 97 Rawson Farmin Blocks : Devonian carbonate platform, reef and slope-fan play, over 200 km2 5 Bbbls upside UOIIP
Slide 23: Mt Kitty-subsalt-gas-condensate-He
Mt Kitty-subsalt-gas-condensate-He For personal use only Target horizon c. 430 km2 aerial closure, 1,000m max vertical closure prospective recoverable resources 1.7 TCFG, 105 BCF Helium, 2100m TD Possibly the biggest undrilled seismically defined structure onshore Australia
Slide 24: Ooraminna Appraisal - Gas
Ooraminna Appraisal - Gas • P10 – 2.0 TCFG UGIIP, fractured reservoir For personal use only • 300 km2 aerial closure • 60 km to Alice Springs • 1800m TD • Directional retest of previous gas flow Ooraminna-2
Slide 25: Central 20,000 bpd GTL Plant
CBM Feedstock A$2.50/GJ For personal use only 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 U
Slide 26: Deal Agenda
Deal Agenda For personal use only • JV partners PXA, Trident,HEN : 40-60% of costs covered, 2:1 promote on initial farmin works • EPA 130 EIR/GSG deal terms sheet signed CTP free carried initial farmin works, 3 wells, $3 million seismic, 2.4:1 promote, ongoing $10 million/TCFG 3P reserve premium Cen
Slide 27: Central Petroleum Limited
Central Petroleum Limited For personal use only Revitalising Australia’s Revitalising Hydrocarbon Australia’s Hydrocarbon CentreCentre Central Petroleum Limited MD John Heugh +61(0) 8 9474 1444 johnheugh@centralpetroleum.com.au MD John Heugh +61 8 9474 1444 johnheugh@centralpetroleum.com.au www.cent