Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Shareholder Meeting (October 2021)
18 slides from Cue Energy Resources's shareholder meeting presentation, Oct 28, 2021
Slide 1: Annual General Meeting 28 October 2021
Annual For personal use only General Meeting 28 October 2021 CUE ENERGY RESOURCES LIMITED ASX:CUE
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices For personal use only Various statements in this document may constitute statements relating to intentions, opinion, expectations, present and future operations, possible future events and future financial prospects. Such statements are not statements of fact, and ar
Slide 3: Significant Growth Activities in FY2021
Significant Growth Cue Net production Activities in FY2021 boepd 2500 For personal use only 2000 $22.4m FY21 revenue 1500 First oil production from Mahato PSC 4400 barrels of oil per day (bopd) current production 1000 6 productions wells, 2 more this calendar year Further development being considere
Slide 4: Four revenue producing projects
Four revenue producing projects For personal use only Mahato PSC Interest 12.5% Sampang PSC Net Production 500 bopd Interest 15% Oil Net Production 715 boepd Gas WA-389-P Interest 100% Mereenie/Palm Valley/Dingo Exploration Interest 7.5 – 15% Net Production 580 boepd Gas & Oil Maari/Manaia Interest
Slide 5: Revenue growth from existing and new assets
Revenue growth from existing and new assets For personal use only Cue Reported Quarterly Revenue $A million Existing projects Onshore Australia 12 10 8 6 4 2 0 Q1 FY2021 Q2 FY2021 Q3 FY2021 Q4 FY2021 Q1 FY2022 Cash Basis for existing assets Onshore Australia reported as attributable revenue from Qua
Slide 6: FY21 Reserves growth
FY21 Reserves growth For personal use only Cue Reserves Cue Contingent Resources mmboe mmboe 30-Jun-20 30-Jun-21 30-Jun-20 30-Jun-21 8 6 5 6 4 4 3 2 2 1 0 0 1P 2P For further information refer the Cue Energy Annual Report to shareholders which was lodged with the ASX on 27 September 2021. The Compan
Slide 7: Selling into strong markets
Selling into strong markets Brent oil price doubled since July 2020 For personal use only $/bbl Brent Oil price history Onshore Australian production provides exposure to the 140 USD AUD East Coast Australian gas market, where LNG imports are 120 expected by 20231 100 80 Gas demand for power forecas
Slide 8: Mereenie Production Facility
For personal use only 2021 Annual General Meeting 28 October 2021 Mereenie Production Facility Central Petroleum
Slide 9: Mereenie, Palm Valley and Dingo acquisition
Mereenie, Palm Valley and Dingo acquisition Immediate production with exploration, development and appraisal upside For personal use only Mereenie development wells WM27 and WM28 recently drilled and progressively coming online Upper Stairway reservoir flow rates in WM28 encouraging, with potential
Slide 10: PB Oilfield Production Facility
For personal use only 2021 Annual General Meeting 28 October 2021 PB Oilfield Production Facility Texcal
Slide 11: Mahato
Mahato bopd PB field - Average daily oil production 5000 4000 First commercial oil production from PB field announced January For personal use only 3000 2021 2000 Currently producing 4400 bopd 1000 4 development wells drilled so far this calendar year with 2 further development wells to be drilled i
Slide 12: Grati Gas Processing plant
For personal use only 2021 Annual General Meeting 28 October 2021 Grati Gas Processing plant Sampang PSC
Slide 13: Sampang
Sampang Paus Biru Development progressing For personal use only Plan of Development approved by the Indonesian regulator in July 2021 Single well development with subsea pipeline connection to existing Oyong Infrastructure Commercial discussions with gas buyer slow but progressing FID now targeted f
Slide 14: Maari
Maari Process optimisation has stabilised Maari production For personal use only Q1 2022 production reduced by ESP failure in MR8. Repairs are currently underway MR6A remains offline. De-sanding equipment being installed to flow well Jadestone Energy have signed an agreement to acquire 69% equity fr
Slide 15: Community activities
Community activities For personal use only 2021 Annual General Meeting 28 October 2021
Slide 16: Sustainability
Sustainability Cue Energy Climate Change policy published September 2021 For personal use only Taskforce on Climate related Financial Disclosure (TCFD) reporting commenced in 2021 Annual Report. Progress to continue over the coming year Emissions measurement and reduction initiatives ongoing in join
Slide 17: FY2022 and beyond
FY2022 and beyond Mahato and onshore Australian assets have contributed to doubling of Cue net production since January 2021 For personal use only PB-06 recently completed in the Mahato PSC producing 800 bopd, with 2 more development wells in November and December with further development potential
Slide 18: For personal use only
For personal use only Level 3, 10 Queen Street, Melbourne, Victoria, AUSTRALIA 3000 (+61) 3 8610 4000 (+61) 3 9614 2142 mail@cuenrg.com.au WWW.CUENRG.COM. AU 2021 Annual General Meeting 28 October 2021 Wortel WHP Medco Energi
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