NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (October 2009)
43 slides from NGE Capital's investor presentation, Oct 16, 2009
Slide 1: October 2009
For personal use only OCTOBER 2009
Slide 2: Disclaimer
DISCLAIMER \ new guinea _ porerey
Slide 3: For personal use only
For personal use only The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluation New Guinea Energy Ltd. While management has taken every effort to ensure the accura
Slide 4: For personal use only
For personal use only This presentation is provided to you, as a professional investor as defined in Chapter 6D.2 of the Corporations Act 2001, for the sole purpose of providing information to enable recipients to review an investment in New Guinea Energy Ltd. It is not intended to be relied upon as
Slide 5: Outline
OUTLINE new guinea y energy:
Slide 6: Outline
For personal use only Booming Oil and Gas Region Revitalised NGE Excellent Assets 2009-2010 Work Program Strategy for Appraisal, Development and Exploration
Slide 7: Booming Oil & Gas Region
BOOMING OIL & GAS REGION new guinea ? energy's
Slide 8: PNG is a stable, pro-development, low tax country
For personal use only PNG is a stable, pro-development, low tax country offering excellent fiscal returns PNG fiscal terms ranked 8th in the world, 3rd in region Oil reserves in Asia selling in 2006/07 for > $18/bbl Limited portfolio acreage available in Asia Southeast Asia Multi-Nationals and Natio
Slide 9: 50% Increase in Brent Crude
For personal use only 50% Increase in Brent Crude
Slide 10: Fiscal terms of major Asian oil producers
For personal use only Fiscal terms of major Asian oil producers
Slide 11: Booming Oil & Gas Region
BOOMING OIL new guinea & GAS REGION energyts nm #5 ~“?. So Horizon tests Stanley-| gas Waseem & condensate well 7 i BISMARCK SEA =, A : : Y “E Merlin (Japan) buys 7 Rift Oil Douglas-| & Pore ; | mae nrorests a Puk Puk-| gas discoveries = ] Petromin (PNG) buys Oil search farms in to a nik 55 a into g
Slide 12: 2009 regional deal activity
For personal use only April 2009 – Oil Search (OSL) farmed into Eaglewood Energy’s PPL 260 including approximately 55km of seismic. May 2009 – Rift Oil farmed out to Sasol to fund four wells and 100km of 2D seismic in PPL 235. – Horizon Oil farmed out 50% of PRL 4 and 24.82% of PRL 5 to P3 Global En
Slide 13: PNG government encourages resource development through fiscal terms
For personal use only PNG government encourages resource development through attractive fiscal terms: 2% royalty 22.5% Government back-in at cost 30% Profit Tax 100% Tax Deduction on Exploration
Slide 14: PNG estimated development costs allow attractive returns
For personal use only PNG estimated development costs allow attractive returns @US$80 Oil Discovery size 11 26 53 million barrels Cost per barrel $36 $22 $16 /bbl Gas Condensate Discovery size 15 29 44 million barrels equiv. Cost per barrel $25 $18 $16 /bbl
Slide 15: Revitalised NGE
REVITALISED NGE new guinea energy td
Slide 16: Refreshed Board and Management
For personal use only Refreshed Board and Management AUD$7M has been raised since March 2009 AUD$5M in cash reserves at 31 August 2009 Market cap increased significantly since early 2009 to AUD$137.5M AUD$24M spent on infrastructure and exploration Significant increase in stock price Two Major joint
Slide 17: NGE is a major license holder in PNG
For personal use only NGE is a major license holder in PNG Very large, controlled acreage position Fiscal terms ranked 8th in the world, 3rd in the region NGE acreage encompasses several petroleum play types Drill ready oil & gas prospects Upcoming two year program includes up to 6 wells and signifi
Slide 18: Corporate Directory
For personal use only Corporate Directory Directors Michael Arnett Executive Chairman Sir Michael Bromley Non–Exec Director Andrew Kent Non–Exec Director Andrew Martin Non–Exec Director Management John-Paul McDonald Project Manager Francis Waina Exploration Manager Technical Adviser Dan Kendrick Ope
Slide 19: Corporate Structure
For personal use only Corporate Structure ASX Code: NGE No of Shares: 557,422,778 Options: 7,500,000 exercisable @ $0.275 cents before 28 August 2011 12,000,000 exercisable @ $0.30 cents before 1 March 2012 2,000,000 exercisable @ $0.25 cents before 28 December 2012 3,000,000 exercisable @ $0.25 cen
Slide 20: Excellent Assets
EXCELLENT ASSETS new guinea enereaye
Slide 21: NGE possesses one of the last available onshore acreage positions in SEA
For personal use only NGE possesses one of the last available highly prospective, onshore, non- aligned acreage positions in SEA Six onshore licences, 13 million net acres (52,000 km2) , 100% interest 1 Billion bbls oil and 15 TCF of gas discovered in adjacent licences Farm in agreements with Talism
Slide 22: Major farmout of PPL 268 and 269
For personal use only MAJOR FARMOUT OF PPL 268 and 269 Talisman Energy has entered into conditional agreements to farm into PPL 268 and 269. PPL 269 Terms: Reimbursement of 75% of past sunk costs of A$6.24 million Conduct a seismic program to the value of US$6 million and pay 100% of agreed costs of
Slide 23: PPL 268 terms
For personal use only PPL 268 TERMS Reimbursement of 50% of past sunk costs of A$2.48 million Conduct seismic program to the value US$5 million to earn a 15% interest. Talisman has the option to drill a well to a maximum cost of US$15 million to earn a further 35% interest. Talisman has the option t
Slide 24: PNG Licences
For personal use only PNG Licences
Slide 25: PNG Licences – Regional Setting
For personal use only PNG Licences – Regional Setting 6 licences covering 13 million acres, 100% operator 100 to 200 TCF in NW Shelf 15 TCF Vorwata Complex in Irian Jaya 1 billion barrels oil & 15 TCF in PNG
Slide 26: Prospective Resource
For personal use only Prospective Resource PPL 7 Prospects Pmean MMBOE 266 Lake Murray West 199 267 Panakawa 187 269 Tarim - Alene Oil and Deep Gas Case, OR 66 - Alene Gas and Deep Gas Case 41 269 Sepalosiphon (65% within PPL269) 46 269 Thelasis 44 269 Thelymitra 49 269 Ridlegella 50 TOTAL 616 - 641
Slide 27: Prospective Resource
For personal use only Prospective Resource PPL 10 Top Leads Pmean MMBOE 266 Aiambak 184 269 Amdi 466 269 Burnet 174 268 Eulophia 474 269 Gu River 80 269 Muir 141 267 Paradise 62 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1790
Slide 28: PPL Prospects and Leads
For personal use only PPL 269 Prospects and Leads 5 prospects mapped and 34 leads identified Major discoveries on trend Oil potential in west and wet gas potential throughout Stanley Gas Development may extend into PPL 269 Seismic in 2009 and well in 2010 Commercial farmout terms with Talisman Energ
Slide 29: PPL Leads
For personal use only PPL 268 Leads Sparse seismic control Southern margin of Cecilia Trough gas kitchen Reservoir potential upgraded by recent Puk Puk-1 and Douglas-1 gas discoveries on trend Planned seismic program to detail structure 2009, well in 2010 Commercial farmout terms with Talisman Energ
Slide 30: PPL Prospects and Leads
For personal use only PPL 266 Prospects and Leads 1 drillable prospect 16 leads defined by seismic Northeast corner of block high graded due to recent gas discoveries on trend Previous wells drilled by Conoco intersected hydrocarbons in top zone & in second down dip well intersected 30m of water sat
Slide 31: PPL Leads
For personal use only PPL 265 Leads 8 leads identified Foreland gas and oil play in Morehead Graben Gas shows in Mata-1 2009 aero-gravity and magnetics survey delineates likely source areas Late 2009 seismic program to firm drilling target for 2010
Slide 32: PPL Location Map
For personal use only PPL 267 Location Map 100km trend of oil seeps identified Panakawa Prospect, surface seep flowing at 5 bbls/day 35 API oil from seep identifies new oil play in foreland Panakawa Prospect 2008 seismic and seep acquired over Panakawa Prospect confirmed a drilling target for 2009 R
Slide 33: PPL Leads
For personal use only PPL 277 Leads 13 leads identified Oil and gas condensate potential Test distal Toro reservoir 2008 fieldwork identified new seeps at SE Wage Lead Excellent access in central area along Kutubu Road
Slide 34: 2009-2010 Work Program
2009-2010 WORK PROGRAM new guinea ? energy's
Slide 35: 2009 and 2010 Program
For personal use only 2009 Program 1 well in PPL 267 4 seismic programs in PPLs 265, 266, 268, 269 G&G work all licences 2010 Program 1 well in PPL 269 and 1 well in PPL 268 2 seismic programs in PPLs 267, 277 G&G work all licences
Slide 36: Strategy for Appraisal, Development & Exploration
STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION
Slide 37: For personal use only
For personal use only Finalise work program and budget arrangements with Talisman Energy Inc on farmout of PPL 268 and PPL 269 Continue to seek joint venture partners in the Company’s other 100% licence interests to expand the planned drilling and seismic program. Key activities: evaluate the oil se
Slide 38: For personal use only
For personal use only Evaluate potential to fast track production by participating in the Stanley Gas Development with new seismic and drilling at Sepalosiphon in PPL 269. Focus own field operations on moderate risk / high reward petroleum prospects close to transport and export infrastructure in we
Slide 39: Commercial Map of Papua New Guinea
COMMERCIAL MAP OF PAPUA NEW GUINEA www.ngenergy.com.au
Slide 40: Summary
SUMMARY new guinea enereaye
Slide 41: Summary
For personal use only A revitalised New Guinea Energy, with over 52,000 sq kms of oil and gas acreage. PNG is ideally positioned to offer large company partners highly attractive opportunities for diversification and expansion in the booming, yet energy deficient Asia-Pacific. To get the good oil on
Slide 42: Contact details
For personal use only Sydney Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Level 22, Gold Fields House Po Box 592 1 Alfred Street Port Moresby Sydney NSW 2000 National Capital District, PNG T: +61 (0) 2 9250 1800 F: +61 (0) 2 9250 1838 T: +675 321 1785 W: www.ngenergy.com.au F: +675 321 1
Slide 43: For personal use only
For personal use only
New Guinea Energy — Investor Presentation (October 2009) on 6ix