NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (March 2015)
13 slides from NGE Capital's investor presentation, Mar 12, 2015
Slide 1: For personal use only
For personal use only March 2015
Slide 2: For personal use only
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 Summary
NGE SUMMARY Income Sources For personal use only • US $32 million has been received from sale of 50% interest in PPL 269 from a subsidiary of Santos Limited (STO). • Dividends from investment in a drilling rig company will flow in 2nd Quarter of 2015. • Additional bonus payments of US $28 million de
Slide 4: Strategy: Monetise Gas Assets
STRATEGY: MONETISE GAS ASSETS For personal use only Strategic Rationale • Highly prospective acreage (15Tcf gas discovered in neighbouring licences) but expensive finding costs (e.g. last wildcat well US$160M, 2D seismic US$300-500k/km) • Few nearby customers and no access to the only export route,
Slide 5: Strategy: Oil Exploration
STRATEGY: OIL EXPLORATION PPL 267 For personal use only Product – If discovered, likely to be Light Sweet Crude Oil (45 API) • Readilyy flows, little pprocessingg required q • In high demand and sells at a premium Position – Southern coast of PNG, close to waterways • Easy access • Relatively low ex
Slide 6: PPL 267 Licence
PPL 267 LICENCE For personal use only Synopsis • Multiple oil seeps in the region • Multiple leads mapped, each with prospective resource > 20MMBbl oil • Historic seismic available and analysed NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/d
Slide 7: 267-1 Lead
267-1 LEAD For personal use only • Already has 6 reprocessed seismic lines • > 11km2 closure at the Alene and Toro horizons • Nearbyy Panakawa-1 well 65m of reservoir quality sands averaging 22% porosity • Independent Assessment by Gaffney, Cline & Associates (5 Apr 2013) : Seep, chemically anal
Slide 8: PPL 277 Licence
PPL 266 LICENCE Synopsis For personal use only • 1 drillable prospect and 5 leads ‘Macadamia’ • Predominantly a gas play circa 36km2 NGE Activity • Regional aerogravity data, seismic in 1H12 • Licence extension approval PPL 235 • Looking to Farm-out • Further de-risk if needed Regional Activity • Pu
Slide 9: Strategy: Revenue Generation
STRATEGY: REVENUE GENERATION Drilling Rig Context For personal use only • Few suitable, available drilling rigs in the region • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a drilling rig optimised to move with a medium-lift helicopter in loads of less than f
Slide 10: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only # of Shares Listed: 849.9 M 12 Months Market Cap: A$16.15 M As at 11/03/15 $0.019 Latest Cash Position: A$42.5 M (as at 31 December 2014) High $0.024 ((Adjusted j for settlement receipts p on 11 March 2015). ) Low $0.006 Adjust
Slide 11: NGE Corporate Directory
NGE CORPORATE DIRECTORY For personal use only STRONG ENERGY & PNG EXPERIENCE BOARD Michael Arnett - Executive Chairman MANAGEMENT A lawyer with over 20 years’ experience in capital raising and M&A in the mining, oil and gas sector. A director of NRW Holdings Limited and Dan Kendrick - General Manage
Slide 12: NGE Snapshot
NGE SNAPSHOT Gas Assets Monetised For personal use only • US$32M received from sale of 50% interest in PPL 269, with another US$28M to be received if successful exploration, as well as an uncapped production royalty on one of the licences Oil Exploration Potential • Fi Firstt oilil target t t off po
Slide 13: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS For personal use only Sydney S d Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401, Level 4 Level 5 2-10 Loftus St Pacific MMI Building Sydney NSW 2000 Champion Parade T: +61 (0) 2 9252 0010 Port Moresby PNG F: +61 (0) 2 9252 0039 T: +675 321 1785 W
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