Echelon Resources Limited · ASX:ECH
Echelon Resources — ASX Small & Mid Cap Conference 2023
18 slides from Echelon Resources's conference presentation, Mar 22, 2023
Slide 1: New Zealand Oil & Gas Limited ASX small & mid-cap conference
New Zealand Oil & Gas Limited ASX small & mid-cap conference Andrew Jefferies, CEO and Managing Director New Zealand Oil & Gas, 22 March 2023
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about New Zealand Oil & Gas Limited (NZO or Company) and its activities which is current as at the date of this presentation and remains subject to change without notice. The information in this presentation is of a general nature and does no
Slide 3: The times they are a changing…
The times they are a changing… 3
Slide 4: Thomas Savery's steam pump or 'Miner's Friend' (1702)
Thomas Savery's steam pump or 'Miner's Friend' (l702) The Miner’s friend or "Savery engine" was a 1698 steam engine or rather heat operated suction pump patented by English engineer Thomas Savery. It worked to remove water from flooded mines. The Miner’s friend was the first working operational stea
Slide 5: Why New Zealand Oil & Gas
Why New Zealand Oil & Gas Experienced Management • Small highly skilled team • Supportive 71.7% shareholder, value focused • Low overhead location • Track record of making profitable acquisitions Produce cash • Solid revenue from long dated assets in • High quality markets with demand growth and sup
Slide 6: Where are we active?
Where are we active? SUMATRA, INDONESIA MAHATO PSC: 12.5% * AMADEUS BASIN, NORTHERN TERRITORY, AUSTRALIA EAST JAVA, INDONESIA MEREENIE: 25% (includes Cue’s 7.5% interest) SAMPANG PSC: 15% * PALM VALLEY: 50% (includes Cue’s 15% interest) DINGO: 50% (includes Cue’s 15% interest) PERTH BASIN, WESTERN A
Slide 7: Financial Summary
Financial Summary SIX MONTHLY OPERATING REVENUE SIX MONTHLY PRODUCTION (mboe (NZ$M) equivalents) 800 60 703 700 50.8 50 625 46.1 600 550 40 500 33 30 400 298 300 274 20 20 16 200 10 100 0 0 DEC 20 JUN 21 DEC 21 JUN 22 DEC 22 DEC 20 JUN 21 DEC 21 JUN 22 DEC 22 Information based on 31 December 2022 Ha
Slide 8: Financial Summary
Financial Summary PRODUCT MIX (NZ$M) 50 45 40 35 NATURAL GAS & LPG 30 25 20 15 10 CRUDE OIL & CONDENSATE 5 0 Information based on 31 December 2022 Half year Financial Report Jan-21 Jan-22
Slide 9: Financial Summary
Financial Summary REVENUE BY COUNTRY (NZ$M) Dec-21 Dec-22 25 20 19.4 17.1 15 NZ 13.5 NZ $46.1m 9.8 9.7 9.7 10 $33.0m 5 HY 22 HY 23 0 REVENUE REVENUE NEW ZEALAND AUSTRALIA INDONESIA Information based on 31 December 2022 Half year Financial Report
Slide 10: Growth on a solid reserves base
Growth on a solid reserves base NZOG 2P TOTAL RESERVES + 2C CONTINGENT & 2U UNRISKED PROSPECTIVE RESOURCES AS AT 1 JULY 2022 MILLIONS OF BARRELS OF OIL EQUIVALENT, NET TO NZOG (INC. CUE SHARE) *Prospective resources from the L7 & EP437 permits are subject to completion of the deal announced 17 Jan 2
Slide 11: Growth through the drill bit
Growth through the drill bit EXPECTED CALENDAR YEAR 2023 EXPECTED CALENDAR YEAR 2024 Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Month JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Mereenie Recompletes Development Wells Dingo Compression Project Kupe Development
Slide 12: We are Carbon Conscious
We are Carbon Our governance, risk management and disclosures align with the recommendations of the TCFD (Taskforce on Climate-related Financial Disclosures) Conscious We have reported on TCFD in our Annual Report since 2019 We are currently drafting a carbon reduction plan for the Board Our carbon
Slide 13: GAS – A three letter word for transition
GAS – A three letter word for transition
Slide 14: Slide 14
Slide 15: Oil & gas will be needed in the transition
Oil & gas will be needed in MINERAL DEMANDS FOR SOLAR, WIND AND EV TO REPLACE HYDROCARBON MACHINES the transition 2000 Copper Other Minerals 1800 Increased Weight per Watt or per Car (%) 1600 1400 1200 1000 800 600 400 200 0 Offshore Wind Onshore Wind Solar PV EV Graph Mark Mills - The Manhattan Ins
Slide 16: But we haven't been investing enough globally
But we haven’t been investing enough globally UPSTREAM NEW FIELD DEVELOPMENTS CAPEX BY SANCTION YEAR Sanctioned Unsanctioned 350 300 250 200 150 100 50 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Data from Rystad Energy 2023
Slide 17: Full circle…
Full circle… 200000 180000 GLOBAL PRIMARY 160000 ENERGY CONSUMPTION BY 140000 Other renewables SOURCE 120000 Biofuels Solar Wind Primary energy is calculated based on 100000 Hydropower the 'substitution method' which takes Nuclear Gas account of the inefficiencies in fossil 80000 Oil fuel production
Slide 18: Focused on growth at the right time in the right places
Focused on growth at the right time in the right places Growing Gas Supply Growing in key markets Growing Operating Cash Flow Growing Sustainably • Palm Valley gas production • Farm in to 3 Perth Basin exploration • NZ$ 14.3 million operating cash flow at 31 • TCFD reported since 2019 increased by o
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