Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Investor Presentation (December 2015)
15 slides from Carnarvon Energy's investor presentation, Dec 7, 2015
Slide 1: Investor Presentation - Dear shareholders
Investor Presentation 7 December 2015 For personal use only Dear shareholders, Carnarvon’s Managing Director and Chief Executive Officer, Mr Adrian Cook will be meeting with investors, current and prospective, in Melbourne and Sydney on Monday 7 December 2015 and Tuesday 8 December 2015. Adrian will
Slide 2: For all enquiries please contact
For all enquiries please contact: Shareholder Enquiries Media Enquires For personal use only Mr Thomson Naude Mr Tony Dawe Company Secretary Professional Public Relations Phone: (08) 9321 2665 (08) 9388 0944 / 0405 989 743 Email: investor.relations@cvn.com.au tony.dawe@ppr.com.au Yours faithfully Ad
Slide 3: Investor presentation 7 & 8 December 2015
For personal use only ASX: CVN Investor presentation 7 & 8 December 2015
Slide 4: Disclaimer
Disclaimer The Resource estimates outlined in this report were reviewed by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga has over 20 years’ experience in petroleum exploration and For personal use only engineering. Mr Huizenga hold
Slide 5: Focused North West Shelf business model
Focused North West Shelf business model For personal use only Cerberus Phoenix Acquired 2014 Acquired 2009 CVN: 100% CVN:20-30% Phoenix South-1 oil discovery 2014 3
Slide 6: Roc-1 near term catalyst
Roc-1 near term catalyst For personal use only A$105m ASX value A$103m* in cash Free carried / high impact Roc-1 well spud on 24 November 2015 * As reported in the Company’s September 2015 Quarterly Report 4
Slide 7: Resource estimate
Phoenix: resource estimate For personal use only Assessed by Resources (mmbbls) DeGolyer & MacNaughton Low Best High Phoenix and Phoenix South 13 31 78 Contingent resources Roc, Bewdy, Bottler 35 73 154 Prospective resources Total (arithmetic sum) 48 104 232 (Refer ASX announcement 7 April 2015) (CV
Slide 8: Roc-1 exploration well
Phoenix: Roc-1 exploration well For personal use only Summary • Cost carry to US$70 million (gross) • Larger structure than Phoenix South • Shallower water depth than Phoenix South • Shallower reservoir than Phoenix South • Up-dip to Phoenix South structure Key dates • 24 November 2015 spud • TD of
Slide 9: Phoenix South-1 oil discovery
Phoenix: Phoenix South-1 oil discovery For personal use only Recap • 59 metre net oil pay in 4 intervals • 6 oil samples recovered from 3 zones • 46° to 48° API & 370 to 720 scf/bbl • Extensive rock & log suite acquired Challenges • Reservoir quality 46º • Formation stability API Oil Key work flows
Slide 10: Whole basin in CVN acreage
Phoenix: whole basin in CVN acreage For personal use only 8
Slide 11: Significant new data
Phoenix: significant new data For personal use only WA-436-P CVN: 30% WA-435-P CVN: 20% WA-437-P CVN: 20% WA-438-P CVN: 30% 9
Slide 12: Active exploration
Phoenix: active exploration For personal use only 10
Slide 13: Cerberus: in petroleum system with low drill costs
Cerberus: in petroleum system with low drill costs For personal use only Highlights • Proven petroleum system • Multiple play potential • Large volume fields nearby • Shallow water acreage with shallow target prospects • Close to pipeline infrastructure and onshore services • High value success case
Slide 14: Investment proposition
Investment proposition For personal use only Focused North West Shelf business model Well funded with A$103m cash and upto US$32m cash flow Drilling high impact Roc-1 well, with cost carry Accomplished Board and in-house technical team Growing asset portfolio Well placed to capitalise on reducing in
Slide 15: Think different, Act different
For personal use only Think different Act different 13
Carnarvon Petroleum — Investor Presentation (December 2015) on 6ix