Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (July 2020)
20 slides from Provaris Energy's investor presentation, Jul 23, 2020
Slide 1: Corporate Presentation July 2020
Corporate Presentation July 2020
Slide 2: Disclaimer
Disclaimer Australia and All Jurisdictions The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Global Energy Ventures Ltd (GEV) (ASX:GEV) or to retain or sell any securities currently being held . This presentation does not take into acco
Slide 3: Corporate Overview (ASX:GEV)
Corporate Overview (ASX:GEV) Capital Structure Board & Management Team Ordinary Shares on Issue (GEV) 386.7m (75%) Market Capitalisation at $0.07/share (22 July 2020) A$27m Cash Balance (30 June 2020) A$3.14m Listed Options on Issue (GEVOA) 1 96.7m (19%) Performance Shares 3 14.0m (3%) Maurice Brand
Slide 4: 'Floating Pipeline' Gas Transportation Solution
‘Floating Pipeline’ Gas Transportation Solution Build/own/operate the CNG supply chain to Single transport fee based on volume, Economic advantages of CNG Optimum up deliver 15-20yr bankable fixed cash flows distance, continuous or interruptible to a distance of 1,500 N Miles CNG Optimum floating pi
Slide 5: What differentiates marine CNG? CNG provides cost certainty
What differentiates marine CNG? Compression and decompression are Offsetting lower infrastructure is Further the distance the greater CNG best suited to regional markets significantly cheaper than liquefaction a higher cost of CNG ships on a the cost of CNG transport than and complementary to LNG tr
Slide 6: CNG Optimum Approved for Construction in 2019
CNG Optimum Approved for Construction in 2019 2019 2020 Port to Port CNG Optimum Ship Design upgrade includes Approved for Construction offshore loading Gas containment Long horizontally stacked pipe Optimum IP overcomes the gas system integrated into minimises connections and optimises storage pipe
Slide 7: Selection of CIMC Raffles as preferred shipyard
Selection of CIMC Raffles as preferred shipyard Expertise to provide EPC services for all key components of a marine CNG project development including gas pipelines, compression facilities, CNG ship loading and receiving terminals and CNG ships History of building the only CNG ship, Investment grade
Slide 8: Marine CNG – a greener gas transport solution
Marine CNG – a greener gas transport solution Marine CNG has <50% of the carbon footprint of LNG Gas consumed as fuel for “full cycle” Fugitive Emissions: CNG does not “boil off”, it is a closed - CNG Cycle: compression, transportation, CNG: 4% to 7% system. Less chance for fugitive emissions of met
Slide 9: Two priority CNG projects in 2020
Two priority CNG projects in 2020 Low development costs support a portfolio Mitigates against binary nature of large single approach to CNG project development. energy infrastructure projects. Offshore Brazil Pre-salt Offshore US Gulf of Mexico • Multiple development projects, backed by global oil m
Slide 10: Brazilian Pre-Salt has multi-CNG project potential
Brazilian Pre-Salt has multi-CNG project potential CNG Optimum launch into Brazil July 2019 with the appointment of GAIA as Country Associate to jointly develop CNG projects and leverage local expertise, understanding of regulatory framework and industry relationships. Advancing discussions with mul
Slide 11: Brazil ideally suited for CNG with significant upside
Brazil ideally suited for CNG with significant upside Brazilian Pre-Salt presents a unique and IOC’s developing Pre-Salt projects attractive gas supply dynamic ideally suited to CNG Optimum Sul de Gato do Alto de Cabo Alto de Cabo Sudoeste de Dois Irmaos Frio Central Tres Marias Entorno de Pau-Brasi
Slide 12: Brazil domestic gas market remains in deficit
Brazil domestic gas market remains in deficit Natural gas demand continues to outpace available domestic supply given current infrastructure capacity constraints and uncertainly on timelines for new offshore pipelines Bolivian gas imports reduced with LNG imports the current source to fill the gap.
Slide 13: Brazil CNG Project Scope
Brazil CNG Project Scope > Delivered Commercialisation Plan in early April 2020 (500+ pages) > Plan is to advance a marine CNG solution for the export and commercialisation of associated gas produced at the Indicative Project Timeline Pre-salt field, where the operator is an O&G major. The outcome w
Slide 14: Brazil CNG Study – Key Outcomes
Brazil CNG Study – Key Outcomes Successfully addressed the key requirements put forward by the operator and awaiting the outcome of an internal review – expected within Q3 2020 Competitive Charter Rates Technical Acceptance The ability of the proposed export solution to load, store, The commercial m
Slide 15: CNG launch into the US Gulf Coast gas export market
CNG launch into the US Gulf Coast gas export market Development of an offshore export site as a Access to existing network of pipelines CNG project to transport US gas to regional serving multiple gas producers in the markets that include Mexico, Central Gulf of Mexico. America, and the Caribbean. R
Slide 16: Offshore US CNG export site to deliver low development costs and fast-track development
Offshore US CNG export site to deliver low development costs and fast-track development CNG export facility directly adjacent to existing pipeline infrastructure with capacity up to 400MMscf/day. Installation of 2 stage compression facilities, first stage compression adjacent to onshore Port Sulphur
Slide 17: Focus on regional gas markets unable to secure gas on long-term commercially viable terms
Focus on regional gas markets unable to secure gas on long- term commercially viable terms Marine CNG provides an alternative to small to Multiple markets within economic range for Floating regional pipeline solution that medium regional gas markets, with limited CNG Optimum (1,500 n.miles) scales t
Slide 18: FOB Pricing: CNG vs US Gulf Coast LNG
FOB Pricing: CNG vs US Gulf Coast LNG Material reduction in CO2 emissions to attract CNG Optimum FOB pricing Significantly smaller environmental footprint that “environmental and social governance” funding targeted to be ~50% below that of LNG enables a project to scale to match gas markets alternat
Slide 19: CNG Optimum floating pipeline is commercially compelling…
CNG Optimum floating pipeline is commercially compelling… Experienced team in value creation and All technical and safety approvals completed ownership of equity aligned with 7 1 for CNG Optimum ship > ready to be shareholders. commercialized. Shipyard LOI and Strategic Alliance with CIMC Raffles co
Slide 20: For all investor enquiries
For more gev.com information visit: Martin Carolan @GEVmarineCNG Executive Director +61 8 9322 6955 For all investor mcarolan@gev.com 5 Ord St, West Perth, 6005 enquiries +61 404 809 019 20