Central Petroleum Limited · ASX:CTP
Central Petroleum — Q4 FY2024 Earnings Presentation
14 slides from Central Petroleum's earnings presentation, Aug 16, 2024
Slide 1: FY24 4th Quarter Results and Update
For personal use only FY24 4th Quarter Results and Update 16 August 2024 Central Petroleum Limited (ASX:CTP)
Slide 2: June quarter – revenues steady, outlook improved
June quarter – revenues steady, outlook improved Sales volume 1.06 PJe (Q4 FY2024) Sales revenue $8.4 m (Q4 FY2024) • June quarter up 3% from March quarter • June quarter 2% higher than March quarter For personal use only • Six weeks of Q4 impacted by suspension of • Higher volumes with slightly low
Slide 3: CY24 NGP risk mitigated
CY24 NGP risk mitigated As-available contract with Power & Water Corporation for balance of CY24 Mitigates impact of NGP For personal use only Seasonal low NT closures during 2024 demand while NGP closed ➢ Supply up to 8.6 PJ of gas to NGP Outages New NT the end of 2024 (Central contract activated J
Slide 4: EOI process successfully completed
EOI process successfully completed Firm gas from Mereenie and Palm Valley through 2030 Key objectives achieved For personal use only ➢ Secures reliable, increased cash flows ➢ Replaces east coast customers in CY2025 when NGP closed ➢ Firm gas sales not affected by NGP interruptions ➢ Strong take-or-
Slide 5: Major milestone: NT Government GSA to bolster forward revenues
Major milestone: NT Government GSA to bolster forward revenues Up to 12 PJ (CTP Share) over 6 years commencing 1 Jan 2025 Secures reliable, increased cash flows For personal use only ➢ Base Gas Supply: ➢ 14.2 PJ from Mereenie over three years from 2026 (Central share 3.6 PJ) ➢ 7.3 PJ from Palm Valle
Slide 6: Two new Mereenie wells approved
Two new Mereenie wells approved New offtake agreement underwrites investment in production capacity Drilling program For personal use only • Two development wells targeting crestal locations • Targeting gas production increase of up to 6 TJ/day (100% JV) • Expected to produce over 25 PJ of gas over
Slide 7: Growth projects
Growth projects Sub-salt exploration • Farmout discussions are progressing, with the focus on For personal use only drilling Jacko Bore / Mt Kitty first, followed by the Dukas prospect. • The EP125 JV has permitting and approvals in place, with long-lead items in inventory to accelerate the commence
Slide 8: Other activity
Other activity(5) For personal use only Mereenie development wells (25%) Palm Valley development wells (50%) New wells to increase gas production Mereenie Stairway (25%) New well to increase gas production 27 PJ Gas target(3) * L6 OL4/5 OL3 Mamlambo (100%) 18 mmbbl oil target(1) Mereenie Helium reco
Slide 9: Key 2024 target milestones
Key 2024 target milestones For personal use only ✓ Successful EOI process concluding with the NTG GSA that achieved all EOI objectives ✓ FID for two new wells at Mereenie to increase production ➢ Complete Sub-Salt farmout – Mt Kitty potential for drilling to commence within 6 to 9 months of a farmou
Slide 10: Appendix: Reserves and Resources Information
For personal use only Appendix 1 Reserves and Resources Information CENTRAL PETROLEUM LIMITED (ASX:CTP) 10
Slide 11: Appendix 1: Reserves and Resources information
Appendix 1: Reserves and Resources information Net reserves and contingent resources Reserves Contingent Resources For personal use only Proved Proved & Best estimate Central – existing producing fields Probable (Central share) Units 1P 2P 2C Mereenie Oil mmbbl 0.34 0.38 0.05 Mereenie Gas PJ 28.7 37
Slide 12: Appendix 1: Resources information
Appendix 1: Resources information Prospective Resources Units Low Estimate Best Estimate High Estimate Mean Prospective Resources For personal use only Dukas (EP112) Central 45% interest* The volumes of Prospective Resources included in this report Helium Bcf 7.7 51.3 212.4 89.6 represent the unrisk
Slide 13: Notice and Legal Disclaimer
Notice and Legal Disclaimer To the maximum extent permitted by law: This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presen
Slide 14: Contact and Further Information
Level 7, 369 Ann Street Brisbane QLD 4000 For personal use only Contact and Australia Further Information +61 (0)7 3181 3800 info@centralpetroleum.com.au This presentation was approved and authorised for www.centralpetroleum.com.au release to ASX by Leon Devaney, Managing Director and Chief Executiv