Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Shareholder Meeting (November 2015)
18 slides from Cue Energy Resources's shareholder meeting presentation, Nov 19, 2015
Slide 1: Chairman's Address and Company Presentation, Annual General Meeting 2015
ABN 45 066 383 971 19 November 2015 PAGES (including this page): 18 For personal use only CUE ENERGY OVERVIEW ASX Market Announcements Cue is an Australian based oil & gas ASX Limited company with activities in Australia, Exchange Centre New Zealand, Indonesia and the Level 4, 20 Bridge Street USA.
Slide 2: Chairman's Address
Cue Annual General Meeting of Shareholders 10.00am, 19 November 2015 The Langham Hotel, Southbank Victoria Australia For personal use only Chairman’s Address Good morning ladies and gentlemen. Welcome to the 34th Annual General Meeting of Cue Energy Resources Limited. I am Paul Foley and it is my pr
Slide 3: Board, New Zealand Oil and Gas, Company Performance
I believe the Board as currently constituted has the right balance of technical skills and corporate governance experience to properly oversee the conduct of the Company. We now have a mix of Asian oil and gas experience with Koh Ban Heng and Stuart Brown, strong technical skills with Peter Hazledin
Slide 4: Near Term Activity and Conclusion
Your Board is currently considering the various paths available to achieve such a step change and I will update shareholders further as we make progress with this initiative. Near Term Activity The near term is very interesting for the Company with the expectation that within Q1 of the For personal
Slide 5: FY2015 Annual General Meeting
CUE ENERGY RESOURCES LIMITED For personal use only FY2015 Annual General Meeting Bormindo rig 3 contracted for Naga Selatan-2 19th November 2015
Slide 6: Disclaimer & Important Notice
For personal use only DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other importan
Slide 7: Diverse Operated and non-Operated Assets
Diverse Operated and non-Operated Assets Indonesia USA (Texas) Production For personal use only Exploration Mahakam Hilir PSC (Op) Pine Mills (Op) Mahato PSC Jakarta office Indonesia Production Sampang PSC New Zealand Production PMP 38160 (Maari) Exploration PEP 51149 Australia PEP 51313 Exploration
Slide 8: FY15 results highlights
For personal use only FY15 results highlights 4
Slide 9: Strong Production Assets
Strong Production Assets • New Zealand - Maari For personal use only • Long life production asset • Growth Projects drilling completed with 4 wells boosting total field production from 9000 bopd to ~16,000 bopd • Further production well workovers planned into 2016 • JV intends to upgrade the Raroa F
Slide 10: Western Australia: WA-359 / WA-409-P
Western Australia: WA-359 / WA-409-P • 100% Cue equity in WA-359-P and WA-409-P For personal use only • Ironbark Prospect; a large, simple, untested structure straddling WA-359-P and WA-409-P • ~15 trillion cubic feet (tcf) unrisked best technical estimate prospective recoverable gas resource in the
Slide 11: Ironbark: Tcf World class gas prospect
Ironbark: 15 Tcf World class gas prospect • Regional mapping demonstrates correlation with Gorgon reservoir sands For personal use only • Good porosity and permeability predicted at Ironbark target depths • Triassic source coals and carbonaceous shales proven in the Mungaroo Formation • Single struc
Slide 12: Ironbark Farmout
Ironbark Farmout • Marketing of WA-359-P and WA-409-P commenced WA-409-P For personal use only in September • Data room underway with 7 major international companies attending • Expect to receive firm indications of interest late January 2016 • Cue is seeking to be carried on a well to be drilled by
Slide 13: Indonesia: Mahakam Hilir PSC
For personal use only Indonesia: Mahakam Hilir PSC • Acquisition of extra 60% equity in Mahakam Hilir PSC driven by Cue technical review of prospectivity • Cue is targeting shallow oil structures; previously drilled Naga Utara-1 and Naga Utara-2 targeted deep gas • Naga Selatan-1 exploration well an
Slide 14: Mahakam Hilir Drilling Preparation
Mahakam Hilir Drilling Preparation • Naga Selatan- 2 well due to spud early January 2016; 100% Cue operated by Jakarta For personal use only office operations team • PSC extension granted until May 2016; further exploration extension of up to 4 years available under PSC • Access road construction an
Slide 15: New Zealand: PEP 51149
New Zealand: PEP 51149 • Todd Energy operated (Cue 20%) For personal use only • Te Kiri North-1 spudding late December 2015 – Rig pad complete – “Big Ben” rig mobilising late November • Large 3-way dip closure, up dip test of previously drilled Te Kiri 1, 2 Te Kiri North-1 • Targeting Miocene oil pl
Slide 16: Indonesia: Mahato PSC
Indonesia: Mahato PSC • 12.5% equity acquired late 2014 For personal use only Balam Area • Underexplored PSC within SE Asia’s largest proven petroleum system, surrounded by Indonesia’s largest producing oilfields Gembala • 2 wells planned for 2016 to target Area an extension of the Chevron operated
Slide 17: An exciting FY16: Multiple value drivers
An exciting FY16: Multiple value drivers • Near term activities with potential to add significant value to Cue For personal use only • Australia: WA-359-P/WA-409-P (Ironbark) farm-out • Indonesia: Naga Selatan-2 exploration well • New Zealand: Te Kiri North -1 exploration well • Indonesia: Mahato PS
Slide 18: For personal use only
For personal use only Level 19, 357 Collins Street, Melbourne VICTORIA – AUSTRALIA 3000 P. (+61) 3 8610 4000 F. (+61) 3 9614 2142 E. mail@cuenrg.com.au W. www.cuenrg.com.au
Cue Energy Resources — Shareholder Meeting (November 2015) on 6ix