Central Petroleum Limited · ASX:CTP
Central Petroleum — Shareholder Meeting (November 2010)
36 slides from Central Petroleum's shareholder meeting presentation, Nov 5, 2010
Slide 1: ASX Announcement: 10.11.08 GM Presentation
ASX ANNOUNCEMENT ASX CODE: CTP 05 November 2010 TO: The Manager, Company Announcements ASX Limited For personal use only CONTACT: John Heugh +61 8 9474 1444 10.11.08 GM PRESENTATION Central Petroleum Limited (ASX:CTP) (“Central”), as Operator, has pleasure in announcing the presentation due to be gi
Slide 2: Competent Persons Statement
Al Maynard & Associates Competent Persons Statement : Information in this announcement or attached report or notification which may relate to Exploration Results of coal tonnages in the Pedirka Basin is based on information compiled by Mr Allen Maynard, who is a Member of the Australian Institute of
Slide 3: Central Petroleum GM November 2010
For personal use only Central Petroleum GM NOVEMBER 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
Slide 4: Disclaimer
For personal use only 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 Developm
Slide 5: Coal tonnages exploration target note
For personal use only * Coal tonnages viable “Exploration Target”-AusIMM – the potential quantity and grade of the coal is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Miner
Slide 6: Overview
For personal use only Overview • Focus on oil but exploring for oil, gas, condensate, Helium, coal, conventional and unconventional, development options in oil, CTL, GTL, LNG, oil, coal. • CTP is a highly liquid stock with c. 8,000 shareholders. • Average weekly 25 million plus share turnover 52 wee
Slide 7: Central value adding petroleum hub: permits and applications
For personal use only Central value adding petroleum hub Permits & applications
Slide 8: Australian gas prices remaining flat
For personal use only Australian gas prices-remaining flat
Slide 9: Australian gas exports promising
Australian Gas Exports-promising For personal use only
Slide 10: Achievements
For personal use only Achievements Johnstone West-1 - pushed into new frontier oil province-live oil shows 200km west of Central Ridge - Unsuccessful flow test, recovered completion fluid/formation fluid? Tight formation, traces of gas and oil-under evaluation, possibly low oil saturation - Oil show
Slide 11: Initial Focus
For personal use only Initial Focus 1. Additional drilling -OIL - Surprise-1 spudded, main target zone anticipated 8th November 2010 - Plan & shoot 3D seismic survey EP 115 in 4Q 2010-Q1 2011 - Drill follow-up appraisal well(s) EP 115 in 3Q 2011 - Oil drilling Pedirka 2. Secure a Major JV partner(s)
Slide 12: Contingent 2010-11 Developments
Contingent 2010-11 Developments For personal use only Drill Surprise-1 – Oil- Spudded - Targeting oil, 50 MMbbls “high” UOIIP. - Long step out from Johnstone West, edge of oil kitchen. 4 Additional Oil Wells-Planned -Two western Amadeus (Johnstone/Surprise area) -Two Pedirka Basin-processing additio
Slide 13: Proposed Development Path
For personal use only 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) • Further exploration and examination non-conventiona
Slide 14: Central's interests: unconventional shale gas and oil
Central’s interests Unconventional Shale Gas & Oil (Permits & applicattions) For personal use only > 600 Bn tonnes coal JORC “Exploration Target”
Slide 15: Current Prospects
For personal use only Current Prospects
Slide 16: Surprise and JW-1 (Projected) Amadeus
Surprise and JW-1 (Projected)-Amadeus For personal use only
Slide 17: Guinevere Oil Prospect Pedirka
Guinevere Oil Prospect-Pedirka For personal use only
Slide 18: Erec/Simpson Oil Prospect Pedirka
For personal use only Erec/Simpson Oil Prospect- Pedirka TWT-msecs
Slide 19: Salt Structure Amadeus Gas/Condensate/Helium
Salt Structure Amadeus-Gas/Condensate/Helium, oil potential For personal use only TWT-msecs
Slide 20: Preliminary Interpreted Reefal Complex Oil Pedirka Basin
Preliminary Interpreted Reefal Complex-Oil Pedirka Basin For personal use only TWT-msecs
Slide 21: Shale Gas Potential Summary Parameters
Shale Gas Potential Summary Parameters- For personal use only indendent evaluation under way Shale Properties Horn Valley Siltstone 20,000 km2 Arthur Creek Formation 20,000 km2 plus plus JSW 1 and Regional Toko Syncline Thickness Range (gross) 30-120 m 100-300 m Net shale/ Gross 0.2 – 0.4 0.16 Thick
Slide 22: Gas and Oil Mature Source Shales HVS
GAS and OIL MATURE SOURCE SHALES HVS (in house) -Similar concept to Barnett, Baxter, Bakken, Devonian and Marcellus Shales USA For personal use only 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 colu
Slide 23: Arthur Creek Shale Sth Georgina
Arthur Creek Shale Sth Georgina Unconventional-in house UGIIP 80 TCFG, UOIIP 650 MMbbls For personal use only
Slide 24: 20,000 bpd GTL Plant notional economics
For personal use only 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 U
Slide 25: Monetising Low Volume Gas through mini-LNG and Syn-Fuels
Monetising Low Volume Gas through mini- LNG and Syn-Fuels For personal use only • Numerous gas prospects close to Alice Springs and transport infrastructure • Conceptual co-located 200 TPD mini-LNG, (transport fuels) and 200 TPD (1,500 bbl/day) GTL production co-located • Useful synergies : - GTL of
Slide 26: Monetising Low Volume Gas through mini-LNG and Syn-Fuels
Monetising Low Volume Gas through mini- LNG and Syn-Fuels For personal use only
Slide 27: Monetising Low Volume Gas: Helium
Monetising Low Volume Gas through mini LNG and Syn-Fuels - Helium For personal use only • Ooraminna 2 gas 0.22% Helium • He production as a by product possible from mini-LNG production • BOC/Linde-Conoco Darwin plant similar concept, much larger scale • The Magee-1 gas well flowed at 6·2% Helium in
Slide 28: Monetising Gas & Helium
Monetising Gas & Helium For personal use only
Slide 29: Significant Coal Intersections Pedirka Basin
Significant Coal Intersections-Pedirka Basin For personal use only
Slide 30: For personal use only
For personal use only GL c. 100m AMSL
Slide 31: Coal-CSG-UCG-GTL
Coal-CSG-UCG-GTL For personal use only -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 P
Slide 32: Coal Quality and Monetisation Potential
For personal use only Coal Quality and Monetisation Potential Background to date • Specific Energy 5 - 6,000 kcals/kg, or 20 - 25 GJ/tonne • > 600 Billion tonnes 1-1,000m - UG and open cut potential • Volatiles 25-33% (average 28%) • Ash 8-19% (average 11%) • Moisture (air dried) 8-19% (av. 14%) • S
Slide 33: Coal Export
For personal use only Coal Export Coal to Market-(massive scale needed) • Transport coal from Pedirka Basin to Port Darwin NT or alternative, $45-75/tonne gross estimate • Rail loop link required to the Pedirka Basin from main N-S rail line $0·5 Bn? Or build a coal-slurry pipeline to Alice Springs $
Slide 34: Potential Coal-to-Liquids Production
Potential Coal-to-Liquids Production For personal use only JORC Exploration Target Pedirka Basin > 600 Billion tonnes < 1,000m
Slide 35: Potential CTL c.200,000 bbl/day
Potential CTL c.200,000 bbl/day c.$20 Bn + For personal use only The Estimated Production of F-T product for : • feed of 25 million tonnes pa of Pedirka Coal 24 GJ/tonne • 330 days pa • naphtha cut at 1920 C LPG bbl/d 7,500 2.5 MMbbls pa naphtha bbl/d 45,000 15 MMbbls pa distillates bbl/d 140,000 46
Slide 36: Central Petroleum Limited
For personal use only Central Petroleum Limited Developing RevitalisingAustralia’s Petroleum Australia’s Hydrocarbon Centre Centre 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.centralp
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