Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Corporate Update (August 2018)
15 slides from Pancontinental Energy Nl's corporate update, Aug 14, 2018
Slide 1: Progress Presentation - August 2018
Progress Presentation - August 2018 Our next High Impact Activity ‐ Eyes now on Namibia • The greatest value adding moments for oil and gas exploration companies come via the drill bit – the discovery of large volumes of oil or gas with clear commercial potential. • The latest ASX junior to succeed
Slide 2: Pancontinental Drilling for Big Oil in Namibia – The Metrics
Pancontinental Drilling for Big Oil in Namibia – The Metrics No cost exposure, cash coming in and incredible leverage to any drilling success. • PCL has 20% free carried with no cost exposure to the Cormorant-1 in PEL 37. • PCL will receive a further cash payment of A$7.3 million on spud of the well
Slide 3: Pancontinental’s Strategic Position in an Oil Industry Hotspot
Pancontinental’s Strategic Position in an Oil Industry Hotspot Pancontinental now has two huge blocks covering over 28,000 km² • In addition to the Cormorant block, PEL 37, Pancontinental was awarded another huge block , PEL 87, in Namibia earlier this year. • PCL has 75% and operatorship in PEL 87.
Slide 4: Pancontinental’s Strategic Position in Namibia - Pictorially
Pancontinental’s Strategic Position in Namibia - Pictorially An International Oil The Oil Majors Industry Hot Spot are in. No cost to PCL in one of the Globally most anticipated wells of 2018. PCL’s interests are material at 20% in PEL 37 and 75% in PEL 87. * Cautionary Statement The resources refer
Slide 5: Corporate Snapshot
Corporate Snapshot Capital Structure Share price (10 August 18) $0.007 Shares 5,261,788,668 Includes A$7.3 Million due at spud of Cormorant‐1 in PEL Options 567,134,149 37 in September. Market Capitalisation $37 million Cash and Credits +$8.0 million Debt $1.6 million in convertible notes exercisabl
Slide 6: Namibia and the Atlantic Margin Big Oil Plays
Namibia and the Atlantic Margin Big Oil Plays….. Its got the big 3 ingredients for deep water Namibia and West Africa exploration: The Big picture • A good fiscal and regulatory regime. • Traps capable of hosting giant‐scale oil resources. • Potential for high quality, high flow rate reservoirs. Guy
Slide 7: The Namibian Oil Play – Large Submarine Fans
The Namibian Oil Play – Large Submarine Fans In PEL 37 multiple, large individual fan bodies in front of a Cretaceous Age paleo shelf. The Cormorant fan covers some 120 km² at the Best Estimate case and up to 216 km² in the Upside Case. PEL 37 is the prime block in the Walvis Basin. |7
Slide 8: Jubilee Field Analogue in Ghana, West Africa – Illustrative Scale Comparison
Jubilee Field Analogue in Ghana, West Africa……Illustrative Scale Comparison PEL 37 Prospects and Leads (at same scale). |8
Slide 9: PEL 87 Pancontinental Operator and 75%
PEL 87 Pancontinental Operator and 75% Huge Play Fairways like those hosting large PEL 87 ‐ Just out of the starting blocks commercial discoveries elsewhere along the West with more news soon ! African margin….. mapped in an oil prone area. Using our proven technical and commercial skills….just watc
Slide 10: PEL 87 75% - Huge Turbidite Plays being Mapped
PEL 87 75% - Huge Turbidite Plays being Mapped Pancontinental’s initial mapping is showing turbidite fan plays in connection with oil source rocks. | 10
Slide 11: PEL 87 75% - Huge Turbidite Plays being mapped up
PEL 87 75% - Huge Turbidite Plays being mapped up…. In PEL 87 Pancontinental’s initial mapping is also showing huge, combination structure and stratigraphic traps for oil | 11
Slide 12: California - Quick to Commercialise Gas Potential
California - Quick to Commercialise Gas Potential…. Following two wells, PCL is objectively reviewing and restructuring its investments in California. One asset being PCL’s projects divested for cash and are in the northern scrip while value and basin centre and upside potential is re along the west
Slide 13: The Perth Basin – The Walyering Gas Field - Pancontinental Earning 70%
The Perth Basin – The Walyering Gas Field - Pancontinental Earning 70% A bypassed conventional gas/condensate discovery crossed by the Parmelia Gas Pipeline and Brand Highway: Already attracting industry Recent resource upgrade. investment interest! Excellent position near infrastructure. Panc
Slide 14: The investment metrics
The investment metrics…. PCL has a long track record of high-value leveraging its home-grown projects. Has substantial cash coming in near term. PCL is soon drilling without cost one of the most exciting, large scale conventional oil exploration plays in the world- 20% free carried! PCL has
Slide 15: Disclaimer
Disclaimer 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. Failure t
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