Po Valley Energy Limited · ASX:PVE
Po Valley Energy — Investor Presentation (September 2008)
23 slides from Po Valley Energy's investor presentation, Sep 22, 2008
Slide 1: Gas production, Rapid Growth - Oil Barrel Presentation
“Gas production Rapid Growth Growth” For personal use only Oil Barrel Presentation London 18 September 2008
Slide 2: Resource Base: Po Valley core projects
RESOURCE BASE For personal use only Po Valley – core projects 3 Production fields 2 Appraisal fields 17 Gas Exploration targets 4 Oil targets 1 Storage field application Page 1
Slide 3: Summary - Highlights 2008
SUMMARY – HIGHLIGHTS 2008 For personal use only Preparing for • Preliminary Production Concession Granted first production • Environmental Approvals Granted - Sillaro • Surface plant now 68% complete - Castello • Pipeline grid connections underway • Gas offtake contracts under final negotiation • Re
Slide 4: Production Field: Sillaro
PRODUCTION FIELD: SILLARO For personal use only Top of Anticline Multiple M lti l gas bearing stacked reservoirs 3.8 million cf/day = €49k/day = €18m pap Production test (Dec 2005) Page 3
Slide 5: Production Field: Castello
PRODUCTION FIELD: CASTELLO For personal use only Pinch out structure San A1 and San A2 tested positive 2.7 2 7 million cf/day = €34k/day (€12m pa) Page 4
Slide 6: Surface Plant Construction on Schedule
SURFACE PLANT CONSTRUCTION ON SCHEDULE For personal use only Overall Progress versus Schedule Schedule Progress Equipment 100% completed 90% on skids 80% 70% “Installation ready” 60% 50% 40% 30% 20% 10% 0% 07 08 08 08 09 08 8 09 9 8 07 07 07 8 08 08 08 9 8 7 8 -0 -0 l-0 r- 0 r- 0 -0 -0 -0 v- v- n- n
Slide 7: Italian Gas Prices Continue to Remain Firm
ITALIAN GAS PRICES CONTINUE TO REMAIN FIRM For personal use only EUR/ USD or AUD/ cubic metre ’000 cubic feet 0.40 Aug 08 Prices 24.00 2009 Gas Year Price 0.35 EUR = 0.38/cm EUR = 0.43/cm AUD = $18.49/’000cf 20.00 USD = $18.07/’000cf USD = $15.87/’000cf 0.30 EUR prices 16.00 0.25 0 5 AUD prices 0.20
Slide 8: Production Field: Sant' Alberto
PRODUCTION FIELD: SANT’ ALBERTO For personal use only Now 100% PVE owned and operated Logs identify two gas bearing levels Flow of 0.08mcm / day on ¼” choke – this is the restricted flow for initial operations Good pressure recovery Production concession application previously in hands of
Slide 9: Gas Sales Update
GAS SALES UPDATE For personal use only Early January Registration of interest End January Commercial and technical presentations on Po Valley Energy and the Castello and Sillaro fields 4 April Issue of bid pack (16 issued) 9 May Presentation of good faith, 11 “non-binding” bids received End May Four
Slide 10: Appraisal Field: Bezzecca
APPRAISAL FIELD: BEZZECCA For personal use only Targeting 45bcf / 1.27 bcm 50km of seismic acquired Equipment purchased, structure and processed confirmed drilling rig contracted structure and drill site Previously successfully drilled Expected to spud in and tested by ENI in 1950s; Dril
Slide 11: Appraisal Field: Fantuzza
APPRAISAL FIELD: FANTUZZA For personal use only Targeting 2,600m Miocene structure ~40bcf / 1.15 bcm (70% of entire field reserves) Previously drilled and tested by ENI 50km of seismic acquired and processed Fantuzza 1 site selected, drilling approvals in process, equipment purchased and dri
Slide 12: Project Pipeline - IPO 2004
PROJECT PIPELINE — IPO 2004 For personal use only Exploration Appraisal Development Production • Castrocaro • Bezzecca • Castello • Sant’Alberto • Clodo • Sillaro • Malerba Page 11
Slide 13: Expanded Project Pipeline and Operations - 2008
EXPANDED PROJECT PIPELINE AND OPERATIONS — 2008 For personal use only Applications Exploration/ Development Production Storage Appraisal Appraisal 1 offshore gas 6 new licence 2 Appraisal 3 fields Preparing to bid & 2 onshore areas targets moving into for new gas gas production storage licences • AR
Slide 14: Leading Gas/Oil Targets - East Po Valley
LEADING GAS/OIL TARGETS — EAST PO VALLEY For personal use only Page 13
Slide 15: Leading Gas/Oil Targets - North Po Valley
LEADING GAS/OIL TARGETS — NORTH PO VALLEY For personal use only Page 14
Slide 16: Gas Targets - First Offshore Licence Azzurra
GAS TARGETS – FIRST OFFSHORE LICENCE “AZZURRA” For personal use only Plio-Pleistocene structural and stratigraphic traps 4 prospects, potential P50 gas resources ~ 80bcf Existing 3D seismic coverage Gas G bearing b i Page 15
Slide 17: Gas/Oil Targets - Onshore Cadelbosco di Sopra
GAS / OIL TARGETS – ONSHORE “CADELBOSCO DI SOPRA” For personal use only 4 main plays in Cretaceous, oil & Messinian-Pliocene,gas Anticlinal A ti li l & stratigraphic t ti hi traps q Acquistion of 3D seismic planned Correggio gas field re development re-development P50 ~ 35 bcf Two 5 mbbl t
Slide 18: Gas Reserve Summary - 2P Reserves
GAS RESERVE SUMMARY — 105 BCF / 3 BCM 2P RESERVES For personal use only Exploration Permit Remaining Recoverable Reserves Field Names PVE PVE Interest Proven Probable Possible Total 1 Sant’ 1. S t’ Alberto Alb t S Vincenzo San Vi 50% 64 6.4 71 7.1 86 8.6 22 1 22.1 2. Sillaro/Fantuzza Crocetta 100% 1
Slide 19: Significant Revenue Expected from First Fields
SIGNIFICANT REVENUE EXPECTED FROM FIRST 3 FIELDS For personal use only Commercial gasflows from wells entering production will have an annualised production rate of 8.5 million cf/day (when in full production) Sillaro 1d = 1.3 million cf/day (1 prod. level only) …………drilled & tested Sillaro 2
Slide 20: Strong Position with Continuing Momentum
STRONG POSITION WITH CONTINUING MOMENTUM For personal use only Commencement of Castello and 105bcf 105b f 2P reserves… Sillaro gas sales …plus a strong and Drilling of one production and two p expanding g exploration p exploration wells portfolio… Full grant of 9 new licences …and headin
Slide 21: Board of Directors
BOARD OF DIRECTORS For personal use only Mr Graham Bradley • Former CEO - Perpetual, Blake Dawson Waldron Non-executive Chairman • Director – Singtel • Chairman – HSBC, HSBC Stockland, Stockland Boart Longyear Mr David McEvoy • 33 years Exxon/Esso Non-executive Director • Director ecto - Woodside oo
Slide 22: Senior Management
SENIOR MANAGEMENT For personal use only Mr Doug Colkin • 17 years with Enterprise Oil including GM for Italy Chief Operating Officer • Senior roles with Getty Oil, Ranger Oil, BP • Petroleum Geologist with 34 years experience Mr Dom Del Borrello • 15 years in Finance Chief Financial Officer • Treasu
Slide 23: Disclaimer
Disclaimer For personal use only This presentation should not be considered as an invitation or recommendation to purchase securities in PVE. PVE has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to t
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