NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Good Oil Conference 2009
21 slides from NGE Capital's conference presentation, Sep 2, 2009
Slide 1: Booming Asian Gas Market
BOOMING ASIAN GAS MARKET SEPTEMBER 2009 ~@ New guinea ? eneregy*s
Slide 2: Agenda
For personal use only Booming Oil and Gas Region Revitalised NGE Excellent Assets 2009-2010 Work Program Strategy for Appraisal, Development and Exploration
Slide 3: Disclaimer
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: Important notice to professional investors
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: 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 Limited portfolio acreage available in Asia Multi-Nationals and National Oil Companies in Southeast Asia ‘land grab’ Push to commercialise
Slide 6: Recent PNG farm-in and acquisition activity
For personal use only April 2009 – Oil Search (OSL) farmed into Eaglewood Energy’s PPL 260 funding 55km of seismic for 10% equity. OSL will fund 90% of an exploration well up to US$50m to acquire a further 60% interest (total equity position of 70%). May 2009 – Rift Oil farmed out to Sasol to fund f
Slide 7: 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 quadrupled since early 2009 to AUD$55M AUD$24M spent on infrastructure and exploration 200% increase in stock price
Slide 8: 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 HOA with multi-national oil com
Slide 9: Prospective Resource
For personal use only Prospective Resource Seven 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 10: Excellent Assets
new guinea EXCELLENT ASSETS energy'e Ee WEST PAPUA! PAPUA NEW GUINEA www.ngenergy.com.au
Slide 11: 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 major multi- n
Slide 12: 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 major multi- n
Slide 13: 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 14: 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 15: 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 acquired and seep over Panakawa Prospect confirmed a drilling target for 2009 R
Slide 16: 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 17: 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 18: Farmout and joint venture activities
For personal use only Finalise definitive documentation with major multi-national energy company 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 oi
Slide 19: Strategy for appraisal, development and exploration
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 20: 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 21: For personal use only
For personal use only