Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Euroz Hartleys Energy Forum (September 2023)
16 slides from Pancontinental Energy Nl's conference presentation, Sep 5, 2023
Slide 1: Presentation to Euroz Hartleys Energy Forum
Presentation to Euroz Hartleys Energy Forum 5 September 2023 ASX: PCL
Slide 2: Disclaimer
Disclaimer These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities, nor shall any part of these materials or fact of their distribution or
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Board & Management ASX Code PCL Ernie Myers Chairman Shares on Issue 8.06 billion Barry Rushworth Executive Director Options on Issue 840 million (550 million listed) Vesna Petrovic Executive Director & Company Secretary Share price A$0.018 Iain Smith Adviser to
Slide 4: Why Offshore Namibia?
Why Offshore Namibia? Hartleys Limited Pancontinental Oil and Gas NL (PCL) 8 February 2018 Fig. 16: South Atlantic Margin • Global exploration hotspot as a result of giant oil discoveries by Shell and TotalEnergies through 2022/23 • West African basins exhibit analogous geology to the prolific petro
Slide 5: Pancontinental's PEL 87
Pancontinental’s PEL 87 • Awarded 2018 • Pancon interest 75% • Large permit within Orange Basin – 10,970 km2 • Hosts the vast Saturn Turbidite Complex (STC), mapped on 2D seismic data • STC and surrounds offers very significant resource potential within reservoirs of comparable age and type to the g
Slide 6: Namibian Orange Basin
Namibian Orange Basin • Historically underexplored • Prime acreage tightly held • Water depths 200 metres to >3,000 metres • Basin developed through Jurassic-Cretaceous • Thick, high quality and regionally extensive Kudu oil shale source rock • Vast sediment input from continental shelf to northeast
Slide 7: TotalEnergies & Shell Discoveries
TotalEnergies & Shell Discoveries • TotalEnergies Venus oil discovery early 2022 • 84 metres net oil pay in Late Cretaceous sandstone reservoir • Reportedly has potential for >3 billion barrels oil recoverable • Shell’s Graaf discovery swiftly followed Venus, with reported potential for >2 billion b
Slide 8: Significance of Turbidite Systems
Significance of Turbidite Systems • Vast oil reserves discovered within turbidite systems either side of South Atlantic Margin, e.g. Campos Basin (Brasil) • Turbidites are regarded as the most significant petroleum reservoir system offshore West Africa • Deposited within submarine density flows, typ
Slide 9: Turbidite Systems: 3D Seismic Expression
Turbidite Systems: 3D Seismic Expression Namibian Walvis Basin Examples. Source: https://www.eliis-geo.com/south-atlantic-austral-segment-the-new-exploration-hotspot-a.html 9 PANCONTINENTAL ENERGY NL
Slide 10: Saturn Turbidite Complex (STC)
Saturn Turbidite Complex (STC) • STC covers a vast area of some 4,000 km2, with a core area of 2,400 km2 • Originally mapped on legacy 2D seismic data • Same stratigraphic level as the Venus discovery and shares the same source and sealing formations • The entire STC complex is interpreted to be env
Slide 11: Major Investment by Woodside Energy
Major Investment by Woodside Energy • Woodside earning an option to acquire a 56% Participating Interest in PEL 87 • Woodside fully funded a US$35million+ 3D seismic survey Stage • If Woodside exercises the option then Woodside and PCL will enter into a farmout agreement. 1 Woodside will then: • Ful
Slide 12: 3D Seismic Survey
3D Seismic Survey • Woodside-funded 3D seismic survey completed over the Saturn Turbidite Complex and surrounding area • Survey was originally intended to cover an area of ~5,000 km2, at an estimated cost of US$35 million • Area was increased by Woodside during the survey, to 6,593 km2 (with no modi
Slide 13: Seismic Processing: Status
Seismic Processing: Status • Joint Venture received early “fast track” Prestack Time Migration (PSTM) dataset in August 2023, from acquisition contractor PGS • Data is of excellent quality – significant uplift from legacy 2D seismic data • Three further datasets will be received over coming months,
Slide 14: Forthcoming Catalysts
Forthcoming Catalysts Direct 1 Q4 CY23: JV Decision to enter next Permit Year from January 2024 (requiring a commitment well) Q4CY23 through Q1CY24: 3D PSDM results/interpretation/prospects & leads/prospective resource certification 180 days from delivery of final 3D PSDM for Woodside decision on ex
Slide 15: Africa's Largest Prospective Oil Target?
Africa’s Largest Prospective Oil Target? The recent major discoveries in Namibian Orange Basin highlight PEL 87’s potential for hosting a world-class oil discovery. The scale and resource potential is considered by PCL to be comparable to giant turbidite-associated discoveries with analogous geology
Slide 16: Thank you
Thank you Level 2 30 Richardson St West Perth WA 6005 T: +61 8 6363 7090 pancon.com.au
Pancontinental Energy NL — Euroz Hartleys Energy Forum (September 2023) on 6ix