NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (January 2011)
35 slides from NGE Capital's investor presentation, Feb 1, 2011
Slide 1: Corporate Presentation January 2011
For personal use only CORPORATE PRESENTATION January 2011
Slide 2: Important Notice
For personal use only IMPORTANT NOTICE The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of New Guinea Energy Ltd and or its various business activities. While management has taken every effort to ensure the accuracy of th
Slide 3: PNG General Overview
For personal use only PNG GENERAL OVERVIEW PNG is a stable, pro-development, low tax country offering excellent fiscal returns PNG fiscal terms ranked 8th in the world, 3rd in region Limited portfolio acreage available in Asia Southeast Asia Multi-Nationals and National Oil Companies in ‘land
Slide 4: Overview of Players
For personal use only OVERVIEW OF PLAYERS Market Capitalisation Value Curve of PNG-Focused Oil & Gas Players A$ $10bn $1bn Other Players include: •Exxon Mobil $100m •Santos •Talisman Energy •Sasol Prospects Discoveries Production Profits Superior profits & reserves
Slide 5: Overview of Players
For personal use only OVERVIEW OF PLAYERS
Slide 6: Overview of Activity in Region
For personal use only OVERVIEW OF ACTIVITY IN REGION April 2009 Oil Search farmed into Eaglewood Energy’s PPL 260 for 55km of seismic and a well commitment. May 2009 Papua Petroleum Ltd (Papua Petroleum) farmed out to Sasol to fund four wells and 100km of 2D seismic in PPL 235. Horizon Oil NL
Slide 7: New Guinea Energy Exploration Licenses
New Guinea Energy Exploration Licenses For personal use only
Slide 8: Permit Equity Positions - December 2010
Permit Equity Positions - December 2010 100% NGE For personal use only 100% Talisman 50% Talisman / 50% Horizon 50-85% NGE / 15-50% Talisman 50% Talisman / 50% Sasol New Oil Search (Nov 2010 farmin)
Slide 9: Excellent Assets
For personal use only EXCELLENT ASSETS NGE possesses one of the last available highly prospective, onshore, non- aligned acreage positions in SE Asia Six onshore licences, 13 million net acres (52,000 km2), 50-100% interest 1 Billion bbls oil and 15 TCF of gas discovered in adjacent licences
Slide 10: Prospects
For personal use only PROSPECTS Undiscovered PIIP* PPL 6 Prospects Mean MMBOE 266 Lake Murray West 199 269 Tarim - Alene Oil and Deep Gas Case, OR 66 - Alene Gas and Deep Gas Case 41 269 Sepalosiphon (65% within PPL269) 46 269 Thelasis 44 269 Thelymitra 49 269 Ridlegella 50 TOTAL 429-454 * Petroleum
Slide 11: Top Leads
For personal use only TOP 10 LEADS Undiscovered PIIP* PPL 10 Top Leads Mean MMBOE 266 Aiambak 184 269 Amdi 466 269 Burnet 174 268 Eulophia 474 269 Gu River 80 269 Muir 141 267 Paradise 62 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1790 * Petroleum Initially-in-Place
Slide 12: Port of Kiunga on the Fly River
For personal use only PORT OF KIUNGA ON THE FLY RIVER
Slide 13: Capital Structure at January 2011
For personal use only CAPITAL STRUCTURE at 28 January 2011 ASX Code: NGE Trading Statistics No of Shares Listed: 846,540,793* This Month Last $0.17 Market Cap: A$144 million at $0.17 High $0.18 Low $0.145 *Inclusive of 65,265,607 shares pending issue on completion of Tranche 2 shares following share
Slide 14: Current Position
For personal use only CURRENT POSITION A$30.9M in cash reserves at 28 January 2011* Market cap increased significantly since early 2009 to A$144M at $0.17 as at 28 January 2011* Share price range of $0.026 in February 2009 to $0.295 in September 2009 A$45M spent on infrastructure and explora
Slide 15: Corporate Directory
For personal use only CORPORATE DIRECTORY Directors Michael Arnett - Executive Chairman NRW Holdings Limited, Nexus Energy Limited, Queensland Energy Resources Limited. Sir Michael Bromley - Non-Executive Director Heli Niugini Limited, Chemica Limited, Steamship Trading Company Ltd and Maps Tuna Lim
Slide 16: PNG Licences
For personal use only PNG LICENCES
Slide 17: PPL Prospects and Leads
For personal use only PPL 269 PROSPECTS AND LEADS 5 prospects mapped and 34 leads identified Major discoveries on trend Oil potential in west and wet gas potential throughout Stanley Gas Development may extend into PPL 269 Seismic complete 1Q 2011 and well to follow Commercial farmout te
Slide 18: Terms of Farm In for PPL
For personal use only TERMS OF FARM IN FOR PPL 269 Reimbursement of 75% of past sunk costs of A$6.24 million. Conduct a seismic program to the value of US$6 million and pay 100% of agreed costs of one well up to a maximum cost of US$15 million to earn a 50% interest. NGE has the option to assign
Slide 19: PPL Leads
For personal use only PPL 268 LEADS Sparse seismic control Southern margin of Cecilia Trough gas kitchen Reservoir potential upgraded by recent Puk Puk-1 and Douglas-1 gas discoveries on trend Seismic complete 1Q 2011 and well to follow Commercial farmout terms with Talisman Energy Inc fin
Slide 20: Terms of Farm In for PPL
For personal use only TERMS OF FARM IN FOR PPL 268 Reimbursement of 50% of past sunk costs of A$2.48 million. Conduct seismic program to the value US$5 million and contribute US$1.5 million to an additional US$3.3 million seismic program to earn a 50% interest. If Talisman and NGE elect to dri
Slide 21: PPL Location Map
For personal use only PPL 267 LOCATION MAP 100km trend of oil seeps identified Panakawa Prospect, surface seep flowing at 5 bbls/day 35 API oil from seep identifies new oil play in foreland 2008 seismic acquired over Panakawa Prospect confirmed a drilling target for 2010 Well spudded in Ju
Slide 22: Panakawa-1 Reservoir
Panakawa-1 Reservoir Alene Mbr For personal use only Toro Fm Imburu Fm Preliminary petrophysical analysis of the Panakawa-1 Alene Member and Toro Formation reservoir intervals. Note thick sandstones developed in the Alene Member (reservoir quality increases to left on ‘Lithology’ column) and red cir
Slide 23: Panakawa-1 Results
For personal use only PANAKAWA-1 RESULTS Panakawa-1 status: well to be plugged and abandoned. The overall cause of failure of the Panakawa Prospect is the lack of trap integrity due to apparent fault leakage. Positive outcomes include: 1) the confirmation of thick, high quality reservoir sandstones
Slide 24: PPL Leads
For personal use only PPL 265 LEADS 12 leads identified Foreland gas and oil play in Morehead Graben Oil extracted from cores in Mata-1 2009 aerogravity and magnetics survey delineates likely source areas 2011 seismic program to firm up drilling target for 2012
Slide 25: PPL Source Rock Maturity
For personal use only PPL 265 Source Rock Maturity
Slide 26: PPL Source and Maturity Data
For personal use only PPL 265 Source and Maturity Data Mata-1
Slide 27: PPL Base Jurassic Maturity Cross Section
For personal use only PPL 265 Base Jurassic Maturity Cross Section Mata-1
Slide 28: PPL Prospects and Leads
For personal use only PPL 266 PROSPECTS AND LEADS 1 drillable prospect 20 leads defined by seismic Northeast corner of block high graded due to recent gas discoveries on trend Previous wells drilled by Conoco intersected hydrocarbons, second down-dip well intersected 30m of water- saturated
Slide 29: PPL Leads
For personal use only PPL 277 LEADS 13 leads identified Oil and gas condensate potential Test distal Toro reservoir 2008 fieldwork identified new seeps at SE Wage Lead Excellent access in central area along Kutubu Road
Slide 30: Proposed 2011 Field Program
For personal use only Proposed 2011 Field Program
Slide 31: PPL - Proposed 2011 Field Program
For personal use only PPL 277 - PROPOSED 2011 FIELD PROGRAM
Slide 32: Strategy for Appraisal, Development & Exploration
For personal use only STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION Implement work program with Talisman Energy Inc on farmout of PPL 268 and PPL 269. Having drilled the Panakawa Prospect in PPL 267, use data to initiate new seismic program to confirm second drilling target. Continuing pro
Slide 33: Strategy for Appraisal, Development & Exploration
For personal use only STRATEGY FOR APPRAISAL, DEVELOPMENT & EXPLORATION Focus own field operations on moderate risk / high reward petroleum prospects close to transport and export infrastructure in western PNG. Minimise total drilling costs by drilling locations supported by road and river acces
Slide 34: Summary
For personal use only SUMMARY New Guinea Energy has over 52,000 sq kms of oil and gas acreage. PNG is ideally positioned to offer large company partners highly attractive opportunities for diversification and expansion in the booming, yet energy deficient Asia-Pacific. For more information, speak to
Slide 35: Contact Us
For personal use only CONTACT US Sydney Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401 PO Box 592 Level 4 Port Moresby 2-10 Loftus St National Capital District, Sydney NSW 2000 PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 (0) 2 9252 0039 F: +675 321 1782 W: www.ngenergy.com
New Guinea Energy — Investor Presentation (January 2011) on 6ix