Globaltec Formation Bhd. · MYX:GLOTEC
Globaltec Formation Bhd — Shareholder Meeting (December 2015)
21 slides from Globaltec Formation Bhd's shareholder meeting presentation, Dec 15, 2015
Slide 1: Globaltec Formation Berhad Annual General Meeting
Globaltec Formation Berhad (953031-A) ANNUAL GENERAL MEETING 15 December 2015
Slide 2: Discussion Agenda
DISCUSSION AGENDA 1. Key Highlights 2. Milestones and Achievements in 2015 3. Company Profile Indonesian Assets Sumatra Basin East Kalimantan 4. Activities & Current Operations a. South Sumatra Activities b. Central Sumatra Activities 5. Forward Strategy till POD Approval a. Pre-POD Gas Commerci
Slide 3: Key Highlights
KEY HIGHLIGHTS • Strategically Positioned CBM Acreage with 3 Production Sharing Contract (PSC) adjacent to major domestic and export gas pipelines, power infrastructure and under supplied gas markets in the prospective Indonesian South Sumatra coal basin. By integrating Dart’s PSCs, NuEnergy capture
Slide 4: Milestones and Achievements in 2015
MILESTONES AND ACHIEVEMENTS IN 2015 Completion of acquisition of Dart resulting in: PSCs by 100% from 3 to 6 PSC Acreage by 39% with an additional 1,546 sq km Gas Resources by 68% to about 14 TCF (gross) Access to significantly de-risked assets Forestry Permit for ME2 secured Rengat dr
Slide 5: Indonesian Assets – Sumatra Basin
INDONESIAN ASSETS – SUMATRA BASIN NuEnergy has significant CBM gas interests in Sumatra: 1. Muara Enim PSC - (partner - Pertamina) - NuEnergy as Operator, 40% revenue share – Current Acreage 587 km² 2. Muara Enim II PSC - (partner - Pertamina and Sugico) - NuEnergy as Operator, 30% revenue share - C
Slide 6: Activities & Current Operations
Activities & 6
Slide 7: South Sumatra PSCs in Strategic Infrastructures
SOUTH SUMATRA PSCs IN STRATEGIC INFRASTRUCTURES 3500 Total Central and So. Sumatera Supply-Demand 3000 2500 2000 MMSCFD 1500 1000 500 0 2010 2013 2016 2019 2022 2025 Contracted Demand Committed Demand Potential demand Supply (Conventional only) Gas Transmission Pipeline Source: National Gas Balance
Slide 8: Indonesia Operations – South Sumatra Status
INDONESIA OPERATIONS – SOUTH SUMATRA STATUS Results to date: • RPS Group Plc independent resource estimate shows 97.5 Billion Cubic Feet (BCF) of 3C Contingent gas resources. • Muara Enim PSC gas analysis confirmed an average sales gas content of ~ 98% CH4. This result is expected to augment project
Slide 9: South Sumatra Activities - Tanjung Enim PSC
SOUTH SUMATRA ACTIVITIES - TANJUNG ENIM PSC Production Test Commences in Tanjung Enim • 3 Core Wells have been successfully drilled to the Target Depth. • Coals have been logged and a cumulative 49 metres of net coal seams have been identified - Muara Enim Formation. • Logs of the coal seam confirme
Slide 10: Coal Seams Continuity
COAL SEAMS CONTINUITY Western Area Eastern Area of ME Muralim Tanjung Enim ME & ME II & ME II M2 Coal Unit M1 Coal Unit Main coal target CONTINUITY OF COAL SEAMS
Slide 11: South Sumatra Wells
SOUTH SUMATRA WELLS 2 WELLS DRILLED IN 2012 TOTAL 3 WELLS DRILLED FROM 2011- 2013 Muara Enim Pilot, : gas flared within 14 hours of dewatering TOTAL 7 WELLS DRILLED FROM 2012- 2015 TE-01 & TE -02 Workover operations exceed initial expectations with early production test results TE-01 & TE-02 : gas f
Slide 12: Further Drilling Campaign – Tanjung Enim PSC
FURTHER DRILLING CAMPAIGN – TANJUNG ENIM PSC Comparison of Characteristics from selected SCHEMATIC DESIGN commercial CBM Projects: 425m Basin Field Coal Gas TE11 Thickness Content (m) (scf/t) NuEnergy - Tanjung 40 - 49 80 - 110 South Enim TE14 TE10 TE12 Sumatra 300m Basin (Indonesia) Powder Recluse
Slide 13: Central Sumatra Status - Rengat
CENTRAL SUMATRA STATUS - RENGAT Well Site at RE-CBM-01CE Drilling of exploratory wells has been successfully completed to the Target Depth. Gas Pipelines Both mud logging and wireline logging have Gas & Oil Fields confirmed prognosis of identifiable coal seams to their depth. All targeted seam
Slide 14: Unlocking
UNLOCKING 14
Slide 15: Forward Strategy Till POD Approval: Towards First Revenue
FORWARD STRATEGY TILL POD APPROVAL The key focus for management over the next 12 months is to attain 1P/2P reserves migration. Management have a proven track record and significant CBM and unconventional expertise to achieve this significant milestone for NuEnergy. 2015 2016 2017 Q4 Q1 Q2 Q3 Q4 Q1 Q
Slide 16: Forward Strategy Till POD Approval (Cont'd)
FORWARD STRATEGY TILL POD APPROVAL (Cont’d) Stage 1: Reserves certification & Resources/Reserves Migration Execute drilling campaigns in the NuEnergy assets which will provide representative information for reserves booking. Utilize geological and reservoir similarities method for resources prog
Slide 17: Latest CBM Regulation Resolves Outstanding Issues
LATEST CBM REGULATION RESOLVES OUSTANDING ISSUES GOVERNMENT AND REGULATORY ISSUES Drilling De-Watering Pre-POD Exploration Completion Service Regulatory Subsurface Land Issues Procurement Contractors Framework As of 2015, unconventional oil and gas contractors have been awarded 54 working areas. The
Slide 18: Minister Decree for Non Conventional Oil and Gas
MINISTER DECREE FOR NON CONVENTIONAL OIL AND GAS The Decree has been issued with its main objective to help the development of Indonesia Non Conventional Oil and Gas which includes coal bed methane, shale oil, shale gas, tight sand gas, and methane-hydrate. Regulation of Minister of Energy and Min
Slide 19: Natural Gas Allocation Policy
NATURAL GAS ALLOCATION POLICY • The Government issued the Minister of EMR’s Regulation Number 37 Year 2015 regarding Requirements and Procedures on Natural Gas Allocation, Utilization, and Price. The regulation is the amendment of the Minister of EMR’s Regulation Number 03 Year 2010 on Natural Gas A
Slide 20: Disclaimer
Disclaimer • This presentation has been prepared by NuEnergy Capital Limited (“NuEnergy” or the “Company”) and is being provided for the sole purpose of providing preliminary background financial, operational and other information to enable shareholders and/or prospective investors to review the bus
Slide 21: Thank You
NuEnergy THANK-YOU
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