NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (May 2015)
15 slides from NGE Capital's investor presentation, May 14, 2015
Slide 1: May 2015
For personal use only May 2015
Slide 2: Disclaimer
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 – Monetisation of PNG Assets For personal use only • US $32 million received in March from sale of 50% interest in PPL 269 from a subsidiary of Santos Limited (STO). • Additional bonus payments of US $28 million dependent on the success of experienced oil and gas companies
Slide 4: Future Strategy
FUTURE STRATEGY For personal use only PNG • Continue monetisation of PNG assets OTHER REGIONS • W d focus Widen f to include l d regions outside d PNG STRATEGIC INVESTMENTS • Take advantage of currently depressed oil and gas markets to secure future opportunities through strategic investments and /
Slide 5: Strategy: Monetisation of Gas Assets Continues
STRATEGY: MONETISATION OF GAS ASSETS CONTINUES 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 on
Slide 6: 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 7: PPL 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 8: 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 9: PPL 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 Farm-out out • Further de-risk if needed Regional Acti
Slide 10: Strategy: Revenue Generation
STRATEGY: REVENUE GENERATION Drilling Rig Context For personal use only • Few suitable, available drilling rigs in the region • Constrained drilling activity Mitigation • NGE a 50% JV partner owning a drilling rig optimised to move with a medium-lift helicopter in loads of less than four tons • Furt
Slide 11: Proposed Name Change – New Energy Resources Ltd
PROPOSED NAME CHANGE – NEW ENERGY RESOURCES LTD For personal use only • Company is looking to expand its reach into Asia and Australia. • Name change allows for the Company to not only continue its traditional operations in Papua New Guinea but also allows the Company to evolve outside of this regio
Slide 12: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only # of Shares Listed: 849.9 M 12 Months Market Cap: A$11.9 M As at 13/05/15 $0.014 Latest Cash Position: A$17.4M (as at 31 March 2015) High $0.024 Low $0.006 Highest Daily 18,407,923 Options: Volume (18/2/15) 400,000 exercisable
Slide 13: NGE Corporate Directory
NGE CORPORATE DIRECTORY – Strong Energy and PNG Experience For personal use only BOARD MANAGEMENT Michael Arnett - Executive Chairman Dan Kendrick - General Manager, Technical and Operations A lawyer with over 20 years’ experience in capital raising and M&A in A structural geologist with over 15 yea
Slide 14: NGE Snapshot
NGE SNAPSHOT Gas Assets Monetised For personal use only • US$32M successfully received from sale of 50% interest in PPL 269, with another US$28M to be received if successful exploration on PPL 269 and PPL 277, as well as an uncapped production royalty on PPL 277 Oil Exploration Potential • First oil
Slide 15: 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