Provaris Energy Ltd · ASX:PV1
Provaris Energy — Shareholder Meeting (November 2019)
20 slides from Provaris Energy's shareholder meeting presentation, Nov 22, 2019
Slide 1: Annual General Meeting
Annual General Meeting 22 November 2019 GEV
Slide 2: Disclaimer
Disclaimer AUSTRALIA AND ALL JURISTICTIONS The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Global Energy Ventures Ltd (GEV) (ASX:GEV) or to retain or sell any securities currently being held . This presentation does not take into acco
Slide 3: Experienced board and management team
Experienced board and management team Maurice Brand Garry Triglavcanin Martin Carolan Thomas Soderberg Paul Garner John Fitzpatrick Executive Chairman & Executive Director & Executive Director Non-Executive Director, Head Non-Executive Director Chief Technical Officer Chief Executive Officer Chief D
Slide 4: Corporate overview
Corporate overview CAPITAL STRUCTURE 2019 SHARE PRICE PERFORMANCE ASX: GEV Ordinary Shares on Issue 385.7m (84%) 4 Market Capitalisation at $0.15/share A$57.9m 3 5 Cash Balance (20 November 2019) A$5.0m 1 2 7 6 Performance Shares 3 14.0m (3%) Options on Issue 1 42.7m (9%) Performance Rights 2 16.5m
Slide 5: 2019 year in review
2019 year in review Achievements... Challenges… ◉ Full ABS class approvals should not be underestimated ◉ Ongoing low UK gas prices have undermined the early with CNG Optimum the only fully approved CNG vessel work to secure gas supply and commercialise the UK seeking commercialisation. Meridian imp
Slide 6: Gas to remain as transition fuel to renewables > Growth in gas markets >
Gas to remain as transition fuel to renewables > Growth in gas markets > CNG now a regional gas supply solution ◉ World GDP more than doubles by 2040. ◉ Improvement in living standards requires energy demand to increase by around a third (India, China, Other Asia). ◉ Growth in world energy demand co
Slide 7: CNG Optimum design approved for construction
CNG Optimum design approved for construction 1960 | Bottle Ship 2019 | CNG Optimum Ship Approved for Construction ◉ Containment system integrated into the ship design. • Steel and design factor of the 60’s. ◉ Long horizontally stacked pipe minimises connections and optimises the cargo hold. • Too ma
Slide 8: CNG Optimum ready for commercialisation
CNG Optimum ready for commercialisation January 2019 > Received ABS Letter of Approval. July 2019 > Shipyard Letter of Intent (LOI) with Yantai CIMC Raffles Offshore Limited. > Ship construction cost US$135-140 million per ship. > Construction schedule 30 months. > 4 ship firm + 4 ship option. > Pro
Slide 9: Strategic Alliance with CIMC Raffles & CIMC Enric
Strategic Alliance with CIMC Raffles & CIMC Enric ◉ Strategic Alliance Agreement announced on 21 October 2019 with Yantai CIMC Raffles Offshore Ltd (CIMC) and Shijiazhuang Enric Gas Equipment Co. Ltd (ENRIC). ◉ Jointly co-operate and work together to develop and execute CNG transport projects across
Slide 10: “Pipe-to-Pipe” gas transportation solution
“Pipe-to-Pipe” gas transportation solution ◉ CNG Optimum shipping capability is designed for regional gas transportation solutions that are economically competitive with alternative transport options for a given volume and distance. ◉ Projects targeted where GEV can develop and implement a full CNG
Slide 11: Marine CNG transportation solution
Marine CNG transportation solution ◉ GEV will contract and build/own/operate the CNG supply chain to deliver 15-20yr bankable fixed cash flows. ◉ Transparent commercial agreements with either one or two economic partners to minimise contractual risks. ◉ Repeatable design includes: ◉ CNG Export Termi
Slide 12: Developing stranded and associated gas
Developing stranded and associated gas ◉ Significant number of discovered gas fields remain uncommercial due to their limited gas resource size and/or distance to market. ◉ Only two options available, being i) pipeline to market; or ii) transportation via floating liquefied natural gas (FLNG) to mar
Slide 13: Status of CNG projects going into 2020
Status of CNG projects going into 2020 ◉ Multiple projects continue under development to achieve our first marine CNG project. ◉ Strategy employed to mitigate against binary nature of large single energy infrastructure projects. ◉ Six regions announced with favourable CNG economics to secure a ‘bank
Slide 14: Brazilian Pre-Salt has multi-CNG project potential
Brazilian Pre-Salt has multi-CNG project potential ◉ Brazil launch in July 2019 with the appointment of GAIA as our Country Associate - committed to jointly develop CNG projects through their local expertise and strong regulatory and industry relationships. ◉ Discussions advancing with multiple oper
Slide 15: Brazil ideally suited for CNG & ready for massive growth
Brazil ideally suited for CNG & ready for massive growth ◉ Brazilian Pre-Salt presents a unique and attractive gas market dynamic ideally suited to CNG Optimum: > Santos and Campos Basins are prolific hydrocarbon producing regions IOC’s developing Pre-Salt projects with significant volumes of associ
Slide 16: Path to FID & CNG optimum construction in 2020
Path to FID & CNG optimum construction in 2020 ◉ Full-time GEV project manager based in Rio de Janeiro from January 2020. ◉ Pursuing multiple MOU’s with oil & gas operators, downstream buyers, gas distributors and port developers. ◉ Project team will utilise in-house resources, strategic alliance pa
Slide 17: CNG launch into the US Gulf Coast gas market
CNG launch into the US Gulf Coast gas market ◉ CNG export from the US Gulf of Mexico a priority region for 2020. ◉ Targeting an offshore export terminal as a CNG project to transport US gas to regional markets that include: Mexico, Central America, and the Caribbean. > Initial focus will be the Yuca
Slide 18: US Gulf Coast CNG project status
US Gulf Coast CNG project status ◉ Due diligence commenced early November 2019 on the selection of an offshore platform, gas supply options, and a program for regulatory approvals. ◉ Gas supply consultant appointed to recommend suppliers and pricing for selected platform. Discussions commenced with
Slide 19: CNG Optimum commercial opportunity is compelling…
CNG Optimum commercial opportunity is compelling… All technical and safety approvals completed for CNG Optimum ship > ready to be commercialized. Shipyard LOI and Strategic Alliance confirms CNG Optimum economics are now commercial and construction and financing risks mitigated through an integr
Slide 20: GEV
For more information visit: For all investor enquiries: gev.com Martin Carolan @GEVmarineCNG Executive Director 📞 +61 8 9322 6955 mcarolan@gev.com 📍 5 Ord St, West Perth, 6005 GEV +61 404 809 019
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