NuEnergy Gas Limited · ASX:NGY
NuEnergy Gas — NuEnergy Capital — Shareholder Meeting (August 2010)
25 slides from NuEnergy Gas's shareholder meeting presentation, Aug 25, 2010
Slide 1: Shareholders Meeting Presentation
For personal use only NuEnergy Capital Limited ABN 50 009 126 238 www.nuenergycorp.net An emerging Australian energy company, with an immediate focus on coal bed methane in Indonesia SHAREHOLDERS MEETING PRESENTATION 25 August 2010 Images depict new generation CBM multi-lateral directional drilling
Slide 2: Disclaimer
Disclaimer For personal use only • 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 to review the business a
Slide 3: Resolutions Being Considered
Resolutions Being Considered For personal use only • Resolution 1 – Approval of the Acquisition of Indon CBM Limited • Resolution 2 – Consolidation of Capital • Resolution 3 – Approval of Share Placement • Resolution 4 – Election of Domenic Martino as a Director • Resolution 5 – Cancellation of 5 Mi
Slide 4: Company Overview
Company Overview For personal use only Snapshot of Business • NuEnergy Capital Limited (“NuEnergy”) is an Australian-based company • Listed on ASX (Code: NGY) and quoted on Frankfurt Market (Code: NUB) • Coal Bed Methane in Indonesia focus – 3,300km2+ acreage position • Operator of all current proje
Slide 5: Company Overview: Summary Market Information
Company Overview For personal use only Summary Market Information CURRENT SHARE PRICE (24/8/10) (Prior to A$0.14 (14 cents) Consolidation) 52 WEEK HIGH A$0.18 (18 cents) 52 WEEK LOW A$0.09 (9 cents) SHARES ON ISSUE (presuming Resolutions passed at GM 25/08/10) 87.1m NEW SHARES PURSUANT TO PUBLIC OFF
Slide 6: Group Structure – Post Acquisition
Group Structure – Post Acquisition For personal use only NuEnergy Capital Limited Listed parent company (ASX – “NGY”, Frankfurt – “NUB”) 100% Indon CBM Subsidiary of NuEnergy Capital Ltd Limited Owner of Rengat CBM Production Sharing Contract, Central Sumatra 95% Subsidiary of Indon CBM Limited PT T
Slide 7: Progress So Far
Progress So Far For personal use only • NGY is in the process of establishing itself as a meaningful participant in the Indonesia CBM sector • Has raised ~A$7m to date to fund this position • 2 high quality PSC’s acquired covering over 3,500 km2 gross (350,000 hectares) • Another 3 blocks are progre
Slide 8: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Domenic Martino (Non-Executive Chairman) -Formerly: CEO and of Deloitte Touche Tohmatsu in Australia (2001 to 2003), Managing Partner NSW (1998 – 2001) and Partner (1981 to 2003). Corporate finance, M&A, IPOs. -Director of Computercorp Limite
Slide 9: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Luke Martino (Non Executive Director) -20 years experience at partner and board level with major accounting firms. -Experienced in the mining & resources, property and hospitality industries. -Director of Indian Ocean Living, Pan Asia Corpora
Slide 10: NuEnergy CBM Interests in Indonesia
NuEnergy CBM Interests in Indonesia For personal use only N CBM PSC RENGAT BLOCK AND BUKIT ASAM APPLICATION CENTRAL SUMATRA BUNYU TARAKAN APPLICATION BLOCK EAST KALIMANTAN Singapore Pekanbaru Palembang INDONESIA Jakarta CBM SOUTH SUMATRA PSC & SOUTH SUMATRA OVERLAPPING AREA APPLICATION 0 200 400 Kil
Slide 11: Location - Coal Basins, NGY's CBM Blocks
Location - Coal Basins, NGY’s CBM Blocks For personal use only Nu Energy Rengat PSC and Application block Central Sumatra Nu Energy Application block Tarakan - Kalimantan Nu Energy South Sumatra PSC and Application block = Coal Basins NuEnergy acreage interests are in the major coal basins of Indone
Slide 12: NuEnergy CBM Interests in Indonesia
NuEnergy CBM Interests in Indonesia For personal use only NUENERGY GROUP LOCATION Gross OF PSC PSC TERM WORKING JV PARTNER INTEREST % (Km2) (post acqn) South Sumatra 6 Yrs exploration term 40% Pertamina 653 Existing CBM PSC (Total Contract 30 years) Rengat 6 Yrs exploration term 100% n/a 2,995 Exist
Slide 13: Indonesian CBM Potential Estimates
Indonesian CBM Potential Estimates For personal use only ~454 TCF - This is larger than the potential for “conventional gas” in Indonesia! (Petrominer Magazine Feb 2010”) 13
Slide 14: The Indonesian Gas Market is Robust
The Indonesian Gas Market is Robust For personal use only The Indonesian gas market is under supplied – any gas found will not be stranded Indonesia’s population is 240 million!- lot’s of reticulation infrastructure and proximate gas customers to NuEnergy block interests – US$4-5+ / gj 14
Slide 15: Proposed Work Programme – 2010/2011
Proposed Work Programme – 2010/2011 For personal use only Muara Enim - South Sumatra PSC (NGY 40%) • 1-2 core holes + 1-2 possible wells • Approximate 2010/2011 spend ~ A$2+m Rengat, Central Sumatra PSC (NGY 100%) • 1-2 core holes + 1-2 possible wells • Approximate 2010/2011 spend ~A$2+m Tarakan Joi
Slide 16: South Sumatra – Sought After CBM Acreage
#1) South Sumatra – Sought After CBM Acreage For personal use only “Majors” also seeking CBM in this area Arrow NuEnergy Energy PSC and Block Application Areas (dark Blue) 16
Slide 17: South Sumatra Overlapping Acreage Application
#1 a) South Sumatra Overlapping Acreage Application For personal use only NuEnergy application for overlapping (light blue) acreage @ 30% equity NGY Existing PSC – 40% NGY Application acreage – 30% 17
Slide 18: Existing Seismic Data has Identified Coal Seams
Existing Seismic Data has Identified Coal Seams For personal use only Coal seams up to 30m thick and continuous at 400-700 m sub surface 614 kms of 2D seismic, 19 wells analysed in this area for CBM potential 18
Slide 19: Rengat CBM PSC – Central Sumatra - NuEnergy 100%
#2) Rengat CBM PSC – Central Sumatra - NuEnergy 100% For personal use only Large CBM Acreage adjacent an existing coal mine and huge Chevron steam flood oil field Bukit Asam operating coal mine This is an oil and gas prone area adjacent existing coal mining activities 19
Slide 20: Rengat Seismic, Well Data
Rengat Seismic, Well Data For personal use only Significant well and seismic data demonstrates coal seams in this area 20
Slide 21: Tarakan Joint Study / Evaluation Area (NuEnergy 40%)
#3) Tarakan Joint Study /Evaluation Area (NuEnergy 40%) For personal use only Process = Joint Evalaution with Pertamina, followed by PSC application NuEnergy Joint Study Area This block (island) has significant existing oil and gas operations – evidence of coal beds 21
Slide 22: Tarakan Coal Bed Potential
Tarakan Coal Bed Potential For personal use only Well Logs –coal beds between 150-900 metres, 5-15 metres thick per seam 22
Slide 23: Bukit Asam Joint Study and Evaluation Area
Bukit Asam Joint Study and Evaluation Area For personal use only Contiguous with NuEnergy’s Existing Rengat PSC Bukit Asam Existing Joint Study Indon CBM Area Rengat PSC Bukit Asam operating coal mine Partner is Bukit Asam Coal Mining Company (Government owned) 23
Slide 24: NuEnergy's CBM Potential
NuEnergy’s CBM Potential For personal use only Quality Acreage - Activity Participation Level • NGY has 40%- 100% interests in its Excellent Locations in Indonesia 2 existing PSCs • Situated in known coal basins • NGY has pending new ventures for • Surrounding coal mines, oil and gas fields addition
Slide 25: A Low Risk, High Reward Investment Proposition
A Low Risk, High Reward Investment Proposition For personal use only Minimise Risk • Stable political and regulatory regime • Onshore RISK • Prolific hydrocarbon addresses Maximise Returns • Shallow drilling depths • Good starting acreage REWARD • Known coal beds • Low drilling cost • Lots of data •