Nuenergy Gas Limited · ASX:NGY
Nuenergy Gas — Shareholder Meeting (November 2012)
19 slides from Nuenergy Gas's shareholder meeting presentation, Nov 28, 2012
Slide 1: 2012 Annual General Meeting
For personal use only ABN 50 009 126 238 2012 Annual General Meeting 28 November 2012 Muara Enim Pilot, 24 October: gas flared within 14 hours of dewatering
Slide 2: Agenda
AGENDA • Company Snapshot For personal use only • 2012 Highlights • Proving the Resources • Resources to Reserves • Strong Market Demand for CBM • Future Growth Platform – Eastern Africa • Pathway • Board and Management 2
Slide 3: Company Snapshot
COMPANY SNAPSHOT INDONESIA Corporate Snapshot For personal use only South Sumatra Basin PSCs: Shares on Issue / Muara Enim (ME) (40% participating share, Partner: PERTAMINA^) Unlisted Options 201m/18.3m (Ordinary Shares – ASX:NGY) • Completed 2 core wells . Conversion of well #2 for pilot production
Slide 4: 2012 Highlights
2012 HIGHLIGHTS Building an Exploration and Production (E&P) organisation For personal use only Maturing a portfolio of Indonesian assets through exploration Preparing assets for commercialisation: – Resource Certification and market development; – Securing regulatory support for a fast track
Slide 5: Proving the Resources: Resource Growth to Reserves
PROVING THE RESOURCES Resource Growth to Reserves For personal use only • Netherland Sewell & Associates Inc. (NSAI) issued an independent resource certification of 8.1 Tcf gas-in- place (GIP), 4.2 Tcf Prospective Resource • The Institute of Technology Bandung^ (ITB) has independently estimated a sh
Slide 6: Proving the Resources: Gas Content, Quality & Permeability Results
PROVING THE RESOURCES Positive Gas Content, Quality & Permeability Results For personal use only • Positive gas content results of up to 141 standard cubic feet per tonne (scf/t) and permeability at 11mD support ME pilot project • Gas content higher than comparable major sub- bituminous coal basins
Slide 7: Resources to Reserves
RESOURCES TO RESERVES Achieved: Next steps (3 months): For personal use only 4.2 Tcf of NSAI certified Continue dewatering prospective gas resources Upgrade Flow Rate Initial Permeability of 11 Resource upgrade to millidarcy (mD) which supports Contingent Resources (2C, 3C) economic viability Ex
Slide 8: Strong Market Demand for CBM
STRONG MARKET DEMAND FOR CBM • Major gas infrastructure connects NuEnergy’s PSC’s to the undersupplied Java, Singapore and For personal use only Sumatra/Chevron Duri gas markets • NuEnergy has the potential to secure LNG pricing from these markets without having to build an LNG plant • Export & dome
Slide 9: Future Growth Platform – Eastern Africa: Tanzania
FUTURE GROWTH PLATFORM – EASTERN AFRICA TANZANIA For personal use only • NuEnergy has completed 2 JV agreements • Drill cost significantly better @ $325k per well • First well drilled September 2012, rig for second well mobilised - drilling to commence December 2012 • Two further significant CBM lic
Slide 10: Future Growth Platform – Eastern Africa: Malawi
FUTURE GROWTH PLATFORM – EASTERN AFRICA MALAWI: For personal use only • NuEnergy has a 100% participating interest in Exclusive Prospecting Licence (EPL0360/12) covering 346 km2 in the south of Malawi. The license covers both CBM and shale gas exploration • Past geological studies show in this EPL:
Slide 11: Pathway
PATHWAY 2013 Next Steps: For personal use only • Drilling of two additional Muara Enim pilots wells and connection to pilot production facilities • Regulatory approval for first sales • Execute binding agreements with PLN for 1-4 MW gas to power sale • NSAI resource upgrade to reserves (2P, 3P) • Co
Slide 12: Board & Management
BOARD & MANAGEMENT • Core management team has over twelve years of experience For personal use only in selling gas into Indonesian/Asian gas pipelines and markets • Key Geological and Technical knowledge learnt from first two wells in South Sumatra will be carried forward to future wells • One of th
Slide 13: Shareholder Resolutions
For personal use only Shareholder Resolutions
Slide 14: Proxies Received: Resolutions 1-3
Proxies Received Resolution 1 – Adoption of Remuneration Report For personal use only Resolution 1 Number % For 9,456,421 91.28 Against 764,035 7.37 Abstain 2,792 - Open 139,730 1.35 Resolution 2 – Appointment of Auditor Resolution 2 Number % For 11,713,248 98.82 Against - - Abstain - - Open 139,730
Slide 15: Proxies Received: Resolutions 4-6
Proxies Received Resolution 4 – Approval of NGY Premium Option Plan For personal use only Resolution 4 Number % For 9,172,569 88.51 Against 1,050,679 10.14 Abstain - - Open 139,730 1.35 Resolution 5 – Grant of Options to Mr Graeme Robertson Resolution 5 Number % For 9,172,569 88.51 Against 1,050,679
Slide 16: Proxies Received: Resolutions 7-9
Proxies Received Resolution 7 – Grant of Options to Mr Jonathan Warrand For personal use only Resolution 5 Number % For 9,019,318 87.03 Against 1,203,930 11.62 Abstain - - Open 139,730 1.35 Resolution 8 – Grant of Options to Mr Peter Cockcroft Resolution 8 Number % For 9,019,318 87.03 Against 1,203,
Slide 17: Proxies Received: Resolutions 10-12
Proxies Received Resolution 10 – Approval of Termination Payment - Mr Alan Fraser For personal use only Resolution 10 Number % For 10,319,318 87.06 Against 1,393,930 11.76 Abstain - - Open 139,730 1.18 Resolution 11 – Approval of Termination Payment – Mr Jonathan Warrand Resolution 11 Number % For 9
Slide 18: Proxies Received: Resolutions 13-14
Proxies Received For personal use only Resolution 13 – Approval of Issue of Equity Securities Resolution 13 Number % For 10,926,670 92.19 Against 786,363 6.63 Abstain - - Open 139,730 1.18 Resolution 14 – Approval of Share Issue Resolution 14 Number % For 11,311,874 95.44 Against 401,159 3.38 Abstai
Slide 19: Disclaimer
Disclaimer • This presentation has been prepared by NuEnergy Capital Limited (“NuEnergy” or the “Company”) and is being provided for For personal use only the sole purpose of providing preliminary background financial, operational and other information to enable shareholders and/or prospective inves