Prominence Energy Limited · ASX:PRM
Prominence Energy — RIU Good Oil and Gas Energy Conference 2023
16 slides from Prominence Energy's conference presentation, Sep 7, 2023
Slide 1: Investor Presentation
Investor Presentation Small Explorer, Large Prospects RIU – Good Oil and Gas Energy Conference 7 September 2023 1
Slide 2: Important notices and disclaimer
Important notices and disclaimer This presentation has been prepared by Prominence Energy Ltd (“Prominence”) for the purpose of providing a company and technical overview to interested parties to enable recipients to review the business activities of Prominence. This presentation is limited in scope
Slide 3: Prominence Energy (PRM)
Prominence Energy (PRM) A Small Future-Facing Energy Company, targeting Transformative Opportunities WHO ARE WE • Prominence Energy Limited is an Australian Securities Exchange (ASX:PRM) listed energy company headquartered in Perth • Managed by a shareholder aligned experienced team • Focus is to ke
Slide 4: Investment highlights
Investment highlights Key Focus is on progressing potential >1Tcf gas prospect Farm-out FAST TRACK TRANSFORMATIVE BIG APPLE GAS OPPORTUNITY • The Big Apple Prospect leases (Blocks A87 & A90 Brazos Area) were granted 1 July 2023 with a 5-year term • Opportunity perfectly aligns with PRM Investment St
Slide 5: Corporate overview
Corporate overview Ground Floor Valuation. Strict Investment Approach. Reload with Big Apple Project. Capital Structure Capital Structure Directors and Key Personnel As at 1 Sept 2023 Overview Ordinary Shares on Issue 20 for 1 share consolidation Alex Parks 121.2m Managing Director (15 June 2023) un
Slide 6: Asset Portfolio
Asset Portfolio Target high ROI opportunities, secure early, at close to ‘ground floor’ valuations 6
Slide 7: Current Assets
Current Assets Big Apple Project Farm-out and Crystallise Value from existing portfolio BIG APPLE PROJECT (PRM 100%) BOWSPRIT OIL PROJECT (PRM 100%) • Big Apple Prospect leases (Blocks A87 & A90 Brazos Area) • Prominence has 100% Working Interest in 635 acres leased in were granted 1 July 2023 with
Slide 8: BIG APPLE (PRM 100%)
BIG APPLE (PRM 100%) Large Conventional Gas Prospect in Shallow Water Gulf of Mexico • PRM (via wholly owned Subsidiary) has been awarded Blocks A87 & A90 Brazos Area, South Addition in the March 2023 Lease Sale 259 • Lease OCS-G- 37341 & OCS-G- 37342 • Lease term is for 5 years (granted 1 July 2023
Slide 9: BIG APPLE – The Right Location
BIG APPLE – The Right Location Right Location close to existing discoveries and current high activity levels • Several developed oil and gas fields lie FIELD OPER. CUM. OIL CUM GAS PERF’D updip of the the Big Apple Prospect BA578 SHELL 43 95 11K-12K BA017A CYX 512 82 7K-10K BA020A SHELL 171 272 16K-
Slide 10: BIG APPLE – The Right Neighbours
BIG APPLE – The Right Neighbours Right Location close to production infrastructure and LNG export projects Freeport BIG APPLE Corpus Christi Big Apple Location Map – Close to infrastructure and activity Big Apple Location Map – Gulf of Mexico LNG Export Projects 10
Slide 11: BIG APPLE – The Gas Market
BIG APPLE – The Gas Market USA is the world’s biggest energy consumer and biggest LNG exporter • The USA consumes over 100 bcf / day • The USA is set to be the world’s largest LNG exporter • LNG Exports are currently 11.6 bcf/d and expected to rise to 20bcf/day in coming years • Gas production from
Slide 12: BIG APPLE – Lead History
BIG APPLE – Lead History Strong Resemblance to Diana Field amplitude • Big Apple Prospect sits in ~75m of water • Reservoir is approximately 2,600m (8,500ft deep) • Can be drilled from a jack-up rig, the provisional well cost estimate is ~US$15.5 million • A strong amplitude was first identified on
Slide 13: BIG APPLE – AVO Gas Prospect
BIG APPLE – AVO Gas Prospect AVO (Class III) gas prospect with an area of 16-30km2 • Interpretation of recently acquired seismic and well data by PRM has upgraded the Big Apple Lead to near Prospect Status • Big Apple is potentially a Drillable Prospect Shallower sand identified through AVO – 10-15m
Slide 14: BIG APPLE > 1Tcf Gas Potential
BIG APPLE > 1Tcf Gas Potential Netherland, Sewell & Associates, Inc. have provided an Independent Assessment1 • Big Apple has Total Unrisked Mean Net Prospective Resources of 1.37 Tcf of Gas and Total Risked Mean Net Prospective Resources of 426 Bcf. 30% CoS2 BA3 East Unrisked Estimated Ultimate Rec
Slide 15: Investment timeline
Investment timeline* * Timetable and activities are all subject to change, for reasons including availability of capital,, JV and various regulatory approvals, corporate negotiations etc. Progress to farm-out potential >1Tcf gas prospect, release value from existing asset base and very active new ve
Slide 16: CONTACT US
CONTACT US ABN 69 009 196 810 Level 2, 30 Richardson Street, For further Information Media and Investor Enquiries West Perth WA 6005 Aiden Bradley (NWR Communications) Email: aiden@nwrcommunications.com.au Telephone: +61 8 9321 9886 Email: admin@ProminenceEnergy.com.au Website: www.ProminenceEnergy.
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