Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Investor Presentation (March 2011)
21 slides from Pancontinental Energy Nl's investor presentation, Mar 16, 2011
Slide 1: Company Overview March 2011
For personal use only Company Overview March 2011 MALTA •AREA 5 •AREA 4 BLOCK 3 AUSTRALIA CANNING BASIN •EP 104 / R1 •L15 NAMIBIA •WALVIS BASIN AUSTRALIA CARNARVON BASIN •EP 424 KENYA LAMU BASIN •EP 110 •L6 •L8 •L10A •L10B PANCONTINENTAL OIL & GAS NL
Slide 2: Disclaimer & Confidentiality Notice
PANCONTINENTAL OIL & GAS NL Disclaimer & Confidentiality Notice The information contained in this Overview or subsequently provided to the Recipient of this Overview whether orally For personal use only or in writing by or on behalf of Pancontinental Oil & Gas NL (“PCL”) or their respective employee
Slide 3: Corporate Aim, Capital Structure and Projects
PANCONTINENTAL OIL & GAS NL Corporate Aim For personal use only To achieve multi-fold growth in shareholder value by responsibly pursuing major resources in selected country and prime geological environments Capital Structure • ASX code PCL • Market Capitalisation ~ AUD 48 million (8 cents / share)
Slide 4: Projects
PANCONTINENTAL OIL & GAS NL Projects For personal use only KENYA - East Africa (i) L6 (PCL 40%) Farmout and drill 2012 (ii) L8 (PCL 15%) Mbawa Prospect main target. Drill planned under farmout 2011 / 12. With Apache, Origin, Tullow ((iii)) L10A ((PCL 15%)) with BG International,, Premier,, Cove (iv)
Slide 5: PCL Share Price Performance July 2010 – March 2011
9.2 cents PANCONTINENTAL 9 March 2011 For personal use only PCL SHARE PRICE PERFORMANCE July 2010 – March 2011 3.6 cents Nov 2010 Turnover up to 12 million shares/ day
Slide 6: Projects
For personal use only PROJECTS
Slide 7: Malta: Negotiating Reinstatement of ESA
PANCONTINENTAL For personal use only MALTA Negotiating Reinstatement of ESA • Libyan geology in Maltese waters • Several Prospects p already identified‐ now requiring 3D
Slide 8: Malta: Chianti Prospect
• Libyan geology in Maltese waters PANCONTINENTAL • Chianti Prospect – interpreted large carbonate “reef” reef prospect For personal use only MALTA Negotiating Reinstatement of ESA
Slide 9: Kenya Block Map and Joint Venture Interests
Eritrea Yemen For personal use only PANCONTINENTAL OIL & GAS NL Somalia Ethiopia L6 3,100 sq km Somalia Flow 60% Pancontinental 40% Kenya L8 5,115 sq km Apache 50% Pate 1 Wet Gas Flow Kenya KENYA Origin g 25% Pancontinental 15% Tullow 10% L6 Pemba Island Oil Seeps L10A Tanzania Gas Discoveries (2010
Slide 10: Kenya L6 & L8
For personal use only PANCONTINENTAL KENYA L6 & L8 L6 SLICKS SLICKS Prospects associated with slicks in both areas L8
Slide 11: Kenya L6 Kifaru Prospect
PANCONTINENTAL For personal use only KENYA L6 KIFARU PROSPECT Main L6 Prospect is Kifaru‐ immediately adjacent to p interpreted hydrocarbon y generating kitchen / trough
Slide 12: Kifaru Prospect Kenya L6
Kifaru Prospect KENYA L6 Kipini p Fm Depth p For personal use only •3D seismic planned 2011 • Drilling D illi 2012 PANCONTINENTAL
Slide 13: Kenya L8 Mbawa Potential
PANCONTINENTAL For personal use only SLICKS KENYA L8 SLICKS L8 Future programme ‐ • Main focus‐ L8 drilling Mbawa 2011 / 2012 MBAWA POTENTIAL* • L6 ‐ Kifaru 3D seismic 2011, drilling 2012 Tertiary / Cretaceous P10 potential is‐ • 4.9 Billion Barrels oil in place plus‐ Total 8,200 sq km in water dept
Slide 14: Extract from ASX Release of March 2011
EXTRACT FROM ASX RELEASE OF 14 MARCH 2011 3D Seismic report gives Mbawa oil and gas volumetric potential • L8 Operator Origin Energy Limited (“Origin”) has provided the L8 Joint Venture with a first stage technical report on the evaluation of the Mbawa structure based b d upon Origin’s ’ interpretat
Slide 15: Kenya L8 Mbawa Stratigraphy Depths
KENYA L8 MBAWA STRATIGRAPHY DEPTHS KENYA Sea Surface 0 m ‐ PANCONTINENTAL For personal use only CARBONATES SHALE SEA SANDSTONE Sea Floor 800 m ‐ xxx ? SALT / EVAPORITES 1,000 m ‐ Lamu Limestone * EXPLORATION TARGET Simba Shale RESERVOIR ROCKS TERTIARY Kipini Shale EARLY PALAEOGENE BASIN FLOOR Primar
Slide 16: Kenya L10A and L10B
KENYA L10A For personal use only PANCONTINENTAL L10B Palaeocene Depth & Residual Gravity L10A 4,962.03 sq km BG 40 % Cove 25 % Premier 20 % Pancontinental 15% L10B 5,585.35 sq km BG 45 % Premier 25 % Pancontinental 15% % Cove 15 % Gravity data supports interpretation of hydrocarbon “kitchen” troughs
Slide 17: Namibia – New Licence
PANCONTINENTAL For personal use only NAMIBIA Namibia – New Licence * •PA agreed but not yet signed •15,000 sq km offshore •Turbidites, ponded fans, slope channels etc •Excellent source rock, oil maturity and reservoir/seal indications •PCL 85%
Slide 18: Namibia: Area over prime oil kitchen
PANCONTINENTAL For personal use only Area is over prime oil “kitchen” NAMIBIA PA pending Channel sands lead into “kitchen” area
Slide 19: Australia Carnarvon Basin
AUSTRALIA Carnarvon Basin For personal use only EP 110 & EP 424 *Low risk drilling *Known oil province *34 Million Barrel Oil or 100+ Bcf gas potential *Seeking access to adjacent acreage *Drilling possible 2011 *PCL 38% NOTE Potential NOTE- P t ti l figures fi are Pancontinental P ti t l projection
Slide 20: Australia Baniyas Prospect
AUSTRALIA Baniyas y Prospect p EP 110 & EP 424 For personal use only *Low risk drilling *Known oil province *PCL 38% AMPLITUDE ANOMALY PANCONTINENTAL
Slide 21: EP 104 / R1 & L15 Location Map
EP 104 / R1 & L15 LOCATION MAP- STOKES BAY PROSPECT SEISMIC CROSS SECTION For personal use only R1 L15 PANCONTINENTAL EP 104 / R1 / L15 • Looking for oil on‐trend to Blina etc PCL 13.94% •West Kora L15 oil redevelopment PCL 12%
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