Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Investor Presentation (March 2016)
25 slides from Carnarvon Energy's investor presentation, Mar 17, 2016
Slide 1: Investor presentation March 2016
For personal use only ASX: CVN Investor presentation March 2016
Slide 2: Disclaimer
Disclaimer The Resource estimates outlined in this report were reviewed by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga has over 20 years’ experience in petroleum exploration and For personal use only engineering. Mr Huizenga hold
Slide 3: Snap shot
Snap shot For personal use only Strategic focus on North West Shelf (“NWS”) of Australia “Invested” Board and management with experience Two discoveries in first two NWS exploration wells Two more wells planned for CY 2016 Actively growing asset portfolio in this period of opportunity $100m in cash,
Slide 4: Strategy & tactics
Strategy & tactics For personal use only Carnarvon’s strategy is to leverage its intellectual property to profit from oil and gas projects on the NWS. Examples of how we go about achieving our strategy include: • Early positioning into new untested resource plays - Cerberus; • Applying new technolog
Slide 5: North West Shelf of Australia
North West Shelf of Australia For personal use only Carnarvon has extensive data, knowledge and experience on the NWS. This point of difference appeals to current and prospective partners. The NWS contains a significant portion of Australia’s hydrocarbons in the Carnarvon, Browse and Bonaparte basin
Slide 6: Carnarvon's financial standing
Carnarvon’s financial standing (ASX: CVN) For personal use only $80 million market capitalisation $100 million of cash, no debt $45 million* receivable from future oil sales (up to) • Calculated as 12% of 20% of Thailand oil field revenue • Cash of $1.1 million* received from scheduled first p
Slide 7: Phoenix Project (CVN: 20% - 30%)
For personal use only Phoenix Project (CVN: 20% - 30%) Holding a tiger by the tail 7
Slide 8: 2014 Phoenix South-1 oil discovery
2014 Phoenix South-1 oil discovery For personal use only Phoenix South-1 well discovered high quality light oil in the Barrett member in lower Triassic reservoir. Phoenix South-1 well did not reach the Caley member that contains the condensate rich gas discovered in the Roc-1 well. Carnarvon is of t
Slide 9: 2016 Roc-1 Gas-condensate discovery
2016 Roc-1 Gas-condensate discovery For personal use only Roc-1 well discovered condensate Sands 1-4 Sands 5+ Indicative rich gas in conventional quality Contingent Resource Prospective Resource Roc-2 location reservoir around 20 kilometres from the Phoenix South-1 well. Roc-1 well intersected the e
Slide 10: 2016 Roc-2 appraisal well
2016 Roc-2 appraisal well For personal use only Extensive formation evaluation of the Roc-2 well is being planned, including: • coring 120 metres through the reservoir section; and • drill stem test to flow hydrocarbons to surface Roc-2 appraisal well location is around 5 kilometres east and around
Slide 11: 2016 Roc field volumetric estimate
2016 Roc field volumetric estimate* For personal use only The Roc-1 well discovered a 2C recoverable resource of 270 bscf of gas and 13 million barrels of condensate. This Contingent Resources reflect the assessment of the discovered hydrocarbon column across the entire structure. In addition the be
Slide 12: Roc field volumetric estimate
Roc field volumetric estimate* For personal use only Contingent Resource Low Mid or best High Estimate Estimate Estimate (1C) (2C) (3C) Recoverable gas (Bscf) 42 270 372 Recoverable condensate (MMSTB) 2 13 18 Prospective Resource Low Mid or best High Estimate Estimate Estimate Recoverable gas (Bscf)
Slide 13: 2017+ Detailed basin evaluation
2017+ Detailed basin evaluation Carnarvon is a leader in discovering a For personal use only new hydrocarbon province on the NWS with its partners. WA-436-P CVN: 30% WA-435-P CVN: 20% • Phoenix South-1 well discovered high quality light oil in late 2014 • Roc-1 well discovered condensate rich gas in
Slide 14: 2017 to 2020+ Planning, design and development
2017 to 2020+ Planning, design and development For personal use only Preliminary Roc development concept incorporates: • Standalone FPSO with expansion for additional resource tie backs; • Central well head platform • Gas export pipeline to shore for domestic gas supply • Initial plateau rates of 25
Slide 15: 2020+ Development tie ins
2020+ Development tie ins For personal use only Economics significantly enhanced with additional tie-in’s to a Roc development. Phoenix South being considered for potential tie in resources. Significant prospective resources also being identified on the new 3D and 2D seismic within a ~40 kilometre t
Slide 16: Cerberus Project (CVN: 100%)
For personal use only Cerberus Project (CVN: 100%) Leveraging Triassic knowledge 16
Slide 17: Playing to Carnarvon's technical strength
Playing to Carnarvon’s technical strength For personal use only Upper Jurassic Upper Carnarvon secured the Cerberus turbidite fan Lower Triassic Permian project in 2014 for its lower Triassic traps submarine structural channels closures potential, similar to that subsequently discovered in the Phoen
Slide 18: Outtrim Project (CVN: 28.5%)
For personal use only Outtrim Project (CVN: 28.5%) Proving upside potential 18
Slide 19: Outtrim East-1 well
Outtrim East-1 well For personal use only SW NE TR/3 WA 155p (1) WA 486 41-R 0km ~5km ~10km 0.1km sea bed COROWA BLENCATHRA-1A COROWA FLANK OUTTRIM EAST OUTTRIM-1 (PROPOSED) SEAL SEAL OWC AL OWC RESERVOIR 1km SE OWC R OI RV SE RE The Outtrim East-1 well is scheduled to be drilled with the Noble Tom
Slide 20: Board and management
For personal use only Board and management Relevant experience 20
Slide 21: Carnarvon Board of Directors
Carnarvon Board of Directors Peter Leonhardt – Chairman For personal use only Peter has been a non-executive director in public listed companies for over 15 years and has extensive business, financial and corporate experience. He is a former Senior Partner with PricewaterhouseCoopers and Managing Pa
Slide 22: Carnarvon executive team
Carnarvon executive team For personal use only Philip Huizenga – Chief Operating Officer Philip is a petroleum Engineer with nearly 20 years in the oil and gas industry encompassing drilling, logging and production on offshore and remote locations throughout Australian, Asia and the Americas. Phil w
Slide 23: Conclusion: NWS exploration specialist
For personal use only Conclusion NWS exploration specialist 23
Slide 24: Clear strategy and tactics for growth
Clear strategy and tactics for growth For personal use only 24
Slide 25: Think different, Act different
For personal use only Think different Act different 25
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