Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (November 2007)
9 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 29, 2007
Slide 1: AGM: Operations Review
For personal use only 29th November 2007 AGM: Operations Review Disclaimer & Confidentiality Notice The information contained in this Presentation or subsequently provided to the Recipient of this Presentation whether orally or in writing by or on behalf of Pancontinental Oil & Gas NL (“PCL”) or the
Slide 2: Corporate Snapshot
Corporate Snapshot For personal use only Board of Directors ASX Code = PCL David Kennedy (Chairman) Barry Rushworth (New Ventures) Issued Shares = 444 million Peter Munachen (Finance) + 25 million unlisted options Ian Cornelius (NED) Management Market Cap. = $20 m Matthew Battrick Cash Res
Slide 3: Where Are We Now?
Where Are We Now? For personal use only Over 47,000 km² In 5 Countries (11.7 mm acres net) What Do We Have To Test? Un-risked Speculative Potential (Pmean Gross Oil Resources) 1,600 1,400 Kenya Millions of Barrels 1,200 Malta 1,000 800 600 Australia 400 200 0 llo t i 10 11 12 13 14 15 16 17 18 19 20
Slide 4: Detailing Kenya ahead of drilling
Detailing Kenya ahead of drilling For personal use only Origin (ORG) operate Blocks L8 & L9 – Earned 50% for US$4mm 2D seismic, 1Q 2007 – Can earn extra 25% for drilling 1 well per block, in 2008 Almost 6,000km of 2D seismic integrated now, with billion barrel prospects confirmed Drilling partners b
Slide 5: Detailing Kenya ahead of drilling
Detailing Kenya ahead of drilling For personal use only Gippsland Offshore (GOP) operate Block L6 – Earned 60% for US$1.9mm 2D seismic and Falcon airborne gravity, 1Q 2007 Falcon AGG Data in-house now and being integrated with new 2D seismic data set Another round of seismic likely ahead of drilling
Slide 6: Waiting to test Malta; Analysing Namibia
Waiting to test Malta For personal use only • International border issues being worked vigorously at Ministerial level. • PSC terms 3 times profitability to Libya • Two Prospects > 500 million barrel gross speculative resource Analysing Namibia Walvis Basin, close to Angola 100% PCL 33,000 km²
Slide 7: EP104: Valentine-1 Results
EP104: Valentine-1 Results For personal use only • Planned over 26 days • P&A after 58 days X • Testing suspended by EP104: Stokes Bay-1 wet season rains. PCL 3@reefs? 10% WI 7
Slide 8: EP424: Fine Tuning Baniyas; Where To Next?
EP424: Fine Tuning Baniyas For personal use only PCL’s equity = 25% Strike Oil (STX) Operator Oil production & export only 10kms north-west Pmean spec. potential (gross) = 30 MMBO or 60 BCFG Drilling planning commenced, with Rig available around end 2008 Where To Next? • More of the same –
Slide 9: Searching For Sweet Spots
Searching For Sweet Spots For personal use only AFRICA West Africa East Africa Rift Eastern Mediterranean AUSTRALASIA NW Shelf Papua New Guinea New Zealand What Are YOU Going To DO? SUPPORT THE STOCK • Cash in hand • Near term activity (Stokes Bay & Baniyas) • Long term potential (Africa
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