Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Investor Presentation (October 2009)
34 slides from Cue Energy Resources's investor presentation, Oct 20, 2009
Slide 1: ASX fax cover: Presentation – October 2009
Cue Energy Resources Limited A.B.N. 45 066 383 971 Level 21 For personal use only 114 William Street Melbourne Victoria 3000 Australia Telephone: (03) 9670 8668 Facsimile: (03) 9670 8661 Email: mail@cuenrg.com.au Website: www.cuenrg.com.au TO : Company Announcements Office 10th Floor 20 Bond Street
Slide 2: Cue Energy Resources Limited Presentation October 2009
For personal use only Cue Energy Resources Limited PRESENTATION October 2009
Slide 3: Disclaimer & Important Notice
Cue Energy Resources Limited 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, unc
Slide 4: For personal use only
Cue Energy Resources Limited For personal use only CORPORATE UPDATE
Slide 5: Cue Energy Statistics and Largest Shareholders
CUE ENERGY STATISTICS Cue Energy Resources Limited For personal use only 20 Largest Shareholders Percentage Shareholder Ordinary Shares Held Australian Registered g Company p y 1 Todd Petroleum Mining Company Limited 163,103,314 23.55% Shareholders 4,882 2 UOB Kay Hian Private Limited 115,596,671 16
Slide 6: Directors & Executives
Cue Energy Resources Limited DIRECTORS C O S & EXECUTIVES CU S For personal use only Board Richard Tweedie LL.B ((NON NON EXECUTIVE CHAIRMAN)) MD Todd Energy NZ – 27% of shares Leon Musca LL.B (NON EXECUTIVE DIRECTOR) Lawyer - 1.8% of shares Steven Koroknay (B Eng) (NON EXECUTIVE DIRECTOR) 30 years
Slide 7: Growth Plan
GROWTH PLAN Cue Energy Resources Limited For personal use only … Australasian & SE Asian Focus To develop a highly valued E & P company with market capitalization greater than A$ 500 million 1. Indigenous Growth EXPLORATION APPRAISAL DEVELOPMENT PRODUCTION 2. Acquisitions / Mergers … balanced portfo
Slide 8: Cue Hydrocarbon Inventory
CUE HYDROCARBON INVENTORY Cue Energy Resources Limited For personal use only OIL RESERVES / RESOURCES 0.27 mmbls (2P*) 0.12 mmbls (2P) Oyong SE Gobe (Indonesia) (PNG) 2.3 mmbls (2P) M i Maari (New Zealand) 0.5 mmbls (2P equiv*) Manaia / Maari other GAS RESOURCES / RESERVES (New Zealand) ~30 BCF (2P
Slide 9: Net Production Forecast
Cue Energy Resources Limited NET PRODUCTION FORECAST For personal use only 3500 3000 2500 B SE Gobe gas O Barikewa gas 2000 Cash Maple gas E P 1500 D 1000 500 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 SE Gobe Oil Oyong Oil Maari Oil Manaia, M2A Oil Oyong Gas Wortel Gas Other Gas
Slide 10: Project Updates
Cue Energy Resources Limited For personal use only PROJECT UPDATES
Slide 11: Asset Location Map
ASSET LOCATION MAP Cue Energy Resources Limited For personal use only MALAYSIA OIL PRODUCTION PDL3 C e Cue 5 5.568892% 568892% (SE Gobe Unit 3.285651%) OIL, GAS PRODUCTION EXPLORATION Sampang PSC PPL190 IRIAN JAYA Cue 15% Cue 10.947% INDONESIA PNG CONTINGENT GAS PORT MORESBY RESOURCE AC/RL 7 Cue 20%
Slide 12: Papua New Guinea map
PNG PAPUA NEW GUINEA Cue Energy Resources Limited For personal use only NT QLD 0 50 KILOMETRES
Slide 13: Papua New Guinea: South East Gobe Field
PAPUA NEW GUINEA Cue Energy Resources Limited SOUTH EAST GOBE FIELD For personal use only Makas PPL190 Makas PPL219 Gobe Main Field Gobe 2X Wasuma Gobe 7X South East Gobe Field PDL4 Gobe 4 SEG 9 SEG 3 SEG 8 SEG 10 PPL206 PDL3 SEG 1 Gobe 3X PDL4 SEG 7 SEG 13 SEG 2 SEG 5,6 SEG 14 SEG 12 SEG 11 Saunder
Slide 14: Sampang PSC – Indonesia
SAMPANG PSC – INDONESIA Cue Energy Resources Limited For personal use only Wortel Source Santos Ltd
Slide 15: Development Concept
Cue Energy Resources Limited DEVELOPMENT CONCEPT For personal use only Oil Phase Gas Phase Source Santos Ltd … three stage development
Slide 16: Oyong Development
OYONG DEVELOPMENT Cue Energy Resources Limited For personal use only OIL PHASE ¾ First oil September 2007, 4Q 2009 3600 bopd Well Head Deck gross Stacked Template Structure (STS) ¾ 6 + million barrels recoverable 12.5m Conductor Pile ¾ 4 + million barrels produced Sea Surface GAS PHASE 10 m ¾ Gas de
Slide 17: Wortel Gas Discovery
Cue Energy Resources Limited WORTEL GAS DISCOVERY For personal use only Limit of Oyong 3D seismic Wortel-1 Wortel-2 Gas Pare Lead Gas above oil Oil Limit of Wortel reservoir RECOVERABLE GAS POTENTIAL (BCF) LOW MID HIGH 60 100 130 Depth Map … tie to Oyong
Slide 18: Wortel Gas Discovery
Cue Energy Resources Limited For personal use only WORTEL GAS DISCOVERY ¾ 140 metre ggas column above g gas/water contact ¾ Reservoir younger than at Oyong ¾ Tie back to Oyong ¾ Plan of development p submitted to g government ¾ First gas 2Q 2011 ¾ Estimated CAPEX US$121 million ¾ Cue share US$18 $ m
Slide 19: New Zealand: Maari Oil Field
NEW ZEALAND Cue Energy Resources Limited MAARI OIL FIELD For personal use only 5km Maari Maari-1 Moki- Moki-1 M i-2 Maari- Maari Moki- Moki-2A OMV (Operator) 69% Todd 16% Horizon 10% Cue 5% PMP 38160 PEP 38413 Pohokura Manaia New Plymouth Manaia -1 Tui area fields Kaimiro Maui- Maui-4 Maui Kapuni p
Slide 20: Maari Development Scheme
Cue Energy Resources Limited MAARI DEVELOPMENT SCHEME For personal use only Source OMV New Zealand … development completed
Slide 21: For personal use only
Cue Energy Resources Limited For personal use only
Slide 22: Maari Oil Development
Cue Energy Resources Limited MAARI OIL DEVELOPMENT For personal use only ¾ Platform, FPSO installed, Development drilling completed ¾ First oil 1Q 2009 ¾ Initial rate ~ 35,000 bopd Cue share ~ 1,750 , bopd p ¾ P50 oil reserves ~ 50 million barrels Cue share ~ 2.5 2 5 million barrels (area upside ~ +
Slide 23: Maari and Manaia oilfields
Maari and Manaia oilfields Cue Energy Resources Limited For personal use only
Slide 24: PEP 51313 Location
PEP 51313 Location Cue Energy Resources Limited For personal use only N Kiwa – 1 Hector - 1 Hine PEP 38483 Pukeko - 1 Pukeko PMP 38160 Maari New Zealand Maari - 1 Moki - 1 Maari - 2 Maari Dev Moki - 2 PEP 38413 Maui -4 Pike Paikea Te Whatu-2 Paua Manaia PEP 51321 M t iki Matariki Strat-Play Matariki
Slide 25: PEP 51149 Location
PEP 51149 Location Cue Energy Resources Limited For personal use only New Plymouth Kaimiro Gas Field G ldi Oil Field Goldie Fi ld Ngatoro Gas and Oil Field Tohu Rahotu-1 New 2D Mt Taranaki Burgess-1 seismic Tipoka Kina Legend Te Kiri Te Kiri-1 Cue Permit PEP 51149 Cue 20% Oil Fields GasFields Prospe
Slide 26: Carnarvon Basin Permits
CARNARVON BASIN PERMITS Cue Energy Resources Limited For personal use only LEGEND Oil Field Gas Condensate Field Cue Operated Permit Cue Farmout Permit WA 389 P WA-389-P 0 25km • Cue 100% Rose 3D Seismic Surveyy WA-409-P Cue 50% Cue 20% Cue 15% Cue 20% MEO Zeus +5% Option … adjacent to large fields
Slide 27: WA-360-P: Artemis Prospect
Cue Energy Resources Limited WA--360 WA 360--P: ARTEMIS PROSPECT For personal use only Facies change Fault to marine shale boundary Subcrop Cue 20% p plus MEO 5% option Western boundary of Artemis Prospect defined by y faults with pinchout of reservoir sequences. Source: MEO 2009 Excludes West Artem
Slide 28: WA-360-P: Artemis Prospect
Cue Energy Resources Limited WA--360 WA 360--P: ARTEMIS PROSPECT For personal use only Gas Source: MEO 2009
Slide 29: WA-389-P: Rose 3D & 2D Survey
WA--389 WA 389--P: Rose 3D & 2D Survey Cue Energy Resources Limited For personal use only Amplit de Map Amplitude ARBITRARY LINE FULL STACK PSTM - FLATTENED ON SEA FLOOR WA-389-P 1. 2. 3. 4. Multi level Lead Intra- Mungaroo (Channels) 1. Athol Turbidite 2. Top Brigadier Fmn NEARS MIDS FARS 3. Top Mu
Slide 30: WA-389-P: Rose 3D & 2D Survey
WA--389 WA 389--P: Rose 3D & 2D Survey Cue Energy Resources Limited For personal use only WA-389-P WA 388 P WA-388-P CUE 100% Near Top p Northern Prospect Mungaroo Depth Map Central Prospect 4300mSS closing contour Southern Prospect Scale 10km
Slide 31: WA-389-P: Rose 3D & 2D Survey
WA--389 WA 389--P: Rose 3D & 2D Survey Cue Energy Resources Limited For personal use only WA 389 P WA-389-P WA-388-P CUE 100% Near Top Mungaroo Amplitude Map Prospects Scale 10km
Slide 32: AC/RL7 Ashmore Cartier
Cue Energy Resources Limited AC/RL7 ASHMORE CARTIER For personal use only Location Map detail map area Sunrise- Sunrise Troubadour Evan Shoals Western Australia Bayu-Undan AC/RL7 Cash-Maple Field Cue 20% Recoverable gas (BCF) POTENTIAL Challis/ Cassini 1P 2P 3P equiv equiv equiv 290 640 1430 Skua Cr
Slide 33: T/37P + T/38P Bass Basin Permits
T/37P + T/38P BASS BASIN PERMITS Cue Energy Resources Limited For personal use only CUEBASS08 2D Seismic Survey outline Peejay-1 gas pipeline (Cue 10% interest) … focus of renewed industry interest
Slide 34: Summary: Why Invest in Cue
Cue Energy Resources Limited SUMMARY For personal use only WHY INVEST IN CUE • Balanced portfolio Large increase in oil production Gas production Appraisal drilling E l Exploration ti d drilling illi Quality exploration acreage Large gas upside
Cue Energy Resources — Investor Presentation (October 2009) on 6ix