Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Shareholder Meeting (November 2015)
31 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 30, 2015
Slide 1: Annual General Meeting Presentation
ANNUAL GENERAL MEETING PRESENTATION For personal use only 30 November 2015 1
Slide 2: Disclaimer - General
DISCLAIMER - GENERAL These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, redistributed or passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for any purpose.
Slide 3: Disclaimer – Prospective Resources
DISCLAIMER – PROSPECTIVE RESOURCES Prospective Resource Estimates Cautionary Statement The estimated quantities of petroleum in this report that may potentially be recovered by the application of a future development project(s) relate to For personal use only undiscovered accumulations. These estima
Slide 4: Pancontinental Management Team
Pancontinental Management Team For personal use only David Kennedy Barry Rushworth Ernie Myers Anthony Maslin Vesna Petrovic MA (Geology), SEG BSc (Geology & CPA Bbus BComm CPA Marine Sciences) Non-Executive Executive Director, Executive Finance Independent Non- Company Secretary Chairman Chief Exec
Slide 5: Corporate & Project Snapshot
Corporate & Project Snapshot Corporate Kenya ASX Code: For personal use only PCL Emerging oil and gas province Share on Issue: 1,150million Proven oil and gas systems Share Price: AU$0.005 Offshore Exploration Market Capitalisation: Licence: AU$5.7 million o Block L6 o PCL 40% Namibia
Slide 6: 2014-2015 Highlights
2014-2015 HIGHLIGHTS o A variety of prospects in Namibia EL 0037 are being prioritised for drilling, with potential to contain total Prospective Resources of 915 Million Barrels of oil* For personal use only o Pancontinental’s 30% interest is fully carried through the next well in EL 0037** o Strate
Slide 7: African Focus
African Focus Pancontinental continues its exploration focus on For personal use only Africa, with prime acreage positions in Kenya and Namibia The Company is very familiar with conducting business in Africa throughout its 10+ years in countries across the continent Pancontinental has particip
Slide 8: Offshore Namibia
For personal use only OFFSHORE NAMIBIA 8
Slide 9: Namibia Offshore EL 0037 (PEL 37)
NAMIBIA For personal use only Namibia Namibia Offshore EL 0037 (PEL 37) Location: Walvis Basin Project Size: 17,295 square kilometres JV : Pancontinental 30.00% Tullow Kudu Limited (Operator) 65.00% Paragon Oil & Gas (Pty) Ltd 5.00%
Slide 10: Namibia Offshore
For personal use only NAMIBIA OFFSHORE Pancontinental has been active in Namibia for over ten years, with current activities commencing in 2011 with the award of a petroleum exploration licence “0037” over three offshore blocks. Early exploration programmes conducted by Pancontinental confirmed
Slide 11: Namibia EL 0037 Exploration Activity
NAMIBIA EL 0037 Exploration Activity For personal use only Pancontinental and its local partner Paragon Oil & Gas (Pty) Ltd were the original applicants for the EL 0037 licence, granted in 2011. Pancontinental confirmed the exploration potential and acquired an additional 10% from its partner, bring
Slide 12: Offshore Namibia – Theory of Oil Generation
Offshore Namibia – Theory of Oil Generation For personal use only Slope Incised Slope Pinchouts- SW Channels- Primary Primary Objectives NE OUTER Objectives Objective HIGH INNER Basin Floor Fans- GRABEN Primary Objectives WALVIS BASIN Slope / Shelf OUTER INNER Boundary HIGH GRABEN Basin Floor Axis-
Slide 13: Why Is EL 0037 So Prospective?
Albatross Seagull & Gannet North For personal use only WHY IS EL 0037 SO PROSPECTIVE? 3D Seismic OIL AND HIGH QUALITY OIL SOURCE ROCKS WERE RECOVERED IN WINGAT-1, ON-TREND TO THE SOUTH CENTRAL ZONE OF OIL SOURCE THICK MATURE SOURCE ROCKS HAVE KITCHEN BEEN MAPPED IN EL 0037 Cormorant NUMEROUS L
Slide 14: Potential Resources
3D Seismic Albatross Lower Fan 4 Lead POTENTIAL RESOURCES 4 main Prospects mapped on 3D seismic data For personal use only Seagull & Gannet North More than 5 other strong Leads in 3D area Upper Fan 2 Lead Pancontinental estimates 925 Million Barrels of Oil (P Mean)* potential in the 4 main pro
Slide 15: Extensive Further Exploration Potential - 3D Area
EXTENSIVE FURTHER EXPLORATION POTENTIAL- 3D AREA For personal use only PEL 37 Prospects and Leads- Volumetrics* and Areas 400 338 349 Million Million Prospective Resource* (Million Barrels Oil) Barrels Barrels 350 300 Prospect /Lead Area (Sq Km) 250 200 Cautionary Statement - The 124 estimated quant
Slide 16: Imagery – 3D Area
IMAGERY– 3D AREA Palaeo Shelf Edge For personal use only Sediment Input Sediment Input Sediment Input ALBATROSS SEAGULL & GANNET N CORMORANT SEAGULL & GANNET S N
Slide 17: Albatross Prospect
ALBATROSS PROSPECT PROSPECTIVE NET TO NET RESOURCE 100% JOINT PANCONTINENTAL ALBATROSS AREA (MmBbls)* VENTURE SHARE (MmBbls)* PROSPECT / LEAD STATUS (Sq Km) For personal use only (MmBbls)* Albatross Prospect 293 349* 331.6* 99.5* Cautionary Statement - The estimated quantities of petroleum that may
Slide 18: Cormorant Prospect
CORMORANT PROSPECT PROSPECTIVE NET TO NET RESOURCE JOINT PANCONTINENTAL AREA PROSPECT / LEAD STATUS 100% VENTURE SHARE (MmBbls)* For personal use only (Sq Km) (MmBbls)* (MmBbls)* CORMORANT Cormorant Prospect 120 124 117.8 35.3 Cautionary Statement - The estimated quantities of petroleum that may pot
Slide 19: Seagull & Gannet North and South
SEAGULL & GANNET NORTH AND SOUTH PROSPECTIVE NET TO NET AREA RESOURCE JOINT PANCONTINENTAL SEAGULL & PROSPECT / LEAD STATUS (Sq 100% VENTURE SHARE (MmBbls)* For personal use only Km) GANNET N (MmBbls)* (MmBbls)* Seagull & Gannet S Prospect 273 338 321.1 96.3 Seagull & Gannet N Prospect 90 104 98.8 2
Slide 20: Additional Leads - 3D Area
ADDITIONAL LEADS- 3D AREA For personal use only AREA PROSPECT / LEAD STATUS (Sq Km) Upper Fan 2 Lead 85 Lower Fan 3 Lead 352 Lower Lower Fan 4 Lead 170 Fan 3 Lead Albian basin floor turbidite fans deposited immediately on- Regional oil-prone mature Aptian source rock Lower Fan 3 Mature Aptian Source
Slide 21: Extensive Further Potential - 2D Area
EXTENSIVE FURTHER POTENTIAL - 2D AREA For personal use only 3D Area (2014) Aptian Source OIL POTENTIAL - 3D Area Central Zone o 4 Prospects with estimated Prospective Resources of 915 Million Barrels of Oil* o Numerous other Leads in 3D Area OIL POTENTIAL – 2D Area on trend o Extensive 2D coverage b
Slide 22: Namibia EL 0037 Summary
Namibia EL 0037 Summary Namibia EL 0037 For personal use only LOCATION: Walvis Basin, Offshore Namibia PROJECT SIZE: Very large oil 17,295 square kilometres “sweet spot” exploration JOINT VENTURE PARTNERS: area Tullow Kudu Limited (Operator) 65.00% Farmed out for Pancontinental Oil & Gas Group 3
Slide 23: Kenya
For personal use only KENYA 23
Slide 24: Kenya Onshore/Offshore Block L6
KENYA For personal use only Kenya Kenya Onshore/Offshore Block L6 Location: Lamu Basin Project Size: 5,010 square kilometres Offshore: Pancontinental 40.00% JV Partner: FAR Limited (Operator) 60.00% Onshore: Pancontinental 16.00% JV Partners: Milio International (Operator) 60.00% FAR Limited 24.00%
Slide 25: Kenya Offshore and Onshore
For personal use only KENYA OFFSHORE AND ONSHORE Pancontinental’s strategy of acquiring acreage in prospective under-explored areas led to Kenya in 2002 with the Company’s first exploration licences granted by the Ministry of Energy and Petroleum. Kenya’s first offshore gas and oil finds were su
Slide 26: Kenya L6 Onshore
Kenya L6 Onshore ONSHORE For personal use only The L6 block has onshore and offshore zones with the operator onshore Dubai-based Milio International (“Milio”) and the operator offshore Australian-based FAR Limited (“FAR”). Onshore, Milio International has agreed to enter the licence in exchange for
Slide 27: Kenya L6 Offshore
Kenya L6 Offshore OFFSHORE The Tembo and Maridadi troughs constitute a For personal use only hydrocarbon “source kitchen”. Potential hydrocarbon trapping prospects have been identified in the L6 area and these are directly associated with the source kitchen. A number of drill-ready prospects have be
Slide 28: Kenya L6 Summary
Kenya L6 Summary For personal use only Kenya L6 LOCATION: Lamu Basin, Onshore /Offshore Kenya PROJECT SIZE: On-trend to play- 5,010 square kilometres opening Sunbird-1 JOINT VENTURE PARTNERS: oil discovery Offshore FAR Limited (Operator) 60.00% Onshore farmed- out Pancontinental Oil & Gas Group
Slide 29: Exploration Summary
Exploration Summary For personal use only Kenya Onshore & Offshore Block totaling 5,010 sq km Ground-breaking oil + gas discoveries - 2012 & 2014 Onshore seismic preparations underway Namibia Offshore 3 Offshore Blocks covering 17,000 sq km On trend to Wingat oil recovery Major farmout t
Slide 30: Activities Summary
For personal use only ACTIVITIES SUMMARY Strategic withdrawal from longer-term non cost-effective projects Interests retained in free-carried projects Conserve cash resources Exciting project maturing offshore Namibia, with Pancontinental having 30% and fully carried through drilling Drill
Slide 31: Pancontinental Oil & Gas – Looking to the Future
For personal use only PANCONTINENTAL OIL & GAS LOOKING TO THE FUTURE 31
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