Central Petroleum Limited · ASX:CTP
Central Petroleum — Shareholder Meeting (June 2009)
32 slides from Central Petroleum's shareholder meeting presentation, Jun 9, 2009
Slide 1: Central Petroleum General Meeting 8 June 2009 Presentation
TO: Manager, Company Announcements ASX Limited 09.06.05 CONTACT: John Heugh +61 8 9474 1444 For personal use only Central Petroleum General Meeting 8 June 2009 Presentation Central Petroleum Limited, (CTP) plans a robust exploration programme commencing in the second half of 2009 to build upon the s
Slide 2: Competent Persons Statement, General Disclaimer and Risks
Competent Persons Statement Al Maynard & Associates The information in this announcement which relates to Exploration Results of coal in the For personal use only Pedirka Basin is based on information compiled by Mr Allen Maynard, who is a Member of the Australian Institute of Geosciences (“AIG”) an
Slide 3: Central Petroleum GM June 2009: Australia's petroleum self sufficiency
For personal use only central petroleum LIMITED GM 8 June 2009 Derived from a variety of previous announcements and public domain information Does not reflect necessarily in whole or in part the views of PXA, QGC, or the BG Group, Trident Energy Limited, He Nuclear Limited or the current Joint Ventu
Slide 4: Disclaimer
For personal use only Disclaimer The presentation has been summarised from various reports including, “CBM Potential of the Pedirka Basin” by Mulready Consultants, “Pre-feasibility Study for a 10,000 bbl/day FT GTL Plant in Central Australia”, and ” Appraisal of GTL Development Option for Potential
Slide 5: Central Corporate
Central Corporate For personal use only • Started in 1998 with US$12/bbl oil prices • Listed early 2006, current capitalisation c.$30 million 11 cps (240409) • 257 million shares, 96 million options trading 2 cpo (240409) • Rights issue 257 million new shares @ 10cps, free 1:2 (129 million) options
Slide 6: E&P oil, gas, helium GTL/GTF/UCG
E&P For personal use only oil, gas, helium GTL/GTF/UCG • Central operates over 250,000 km2 • Proven prospectivity- ground surrounds 2 producing fields Mereenie, Palm Valley (Santos/Magellan JV) • Billion barrel oil, multi TCF gas and multi BCF Helium conceptual potential • Trillion tonne coal UCG/CS
Slide 7: Development Path
Development Path For personal use only • Oil discovery and development for early cash flow • Development of gas and Helium resources in conventional reservoirs • Development of CBM Pedirka and and non conventional reservoirs Amadeus & Georgina • Examination of UCG applications outside of the current
Slide 8: Central value adding petroleum hub
Central value adding petroleum hub For personal use only
Slide 9: Prospective resources/UOIIP-UGIIP
Prospective resources/UOIIP- UGIIP For personal use only • 35 TCFG or 6 Bn BOE upside “yet to find” Amadeus Basin conventional targets-NTGS 2005 • Johnstone, Ooraminna, Magee, Mt Kitty 300 MMbbls UOIIP, 5.5 TCFG gas, 0.2 TCFG Helium UGIIP (200 others to date) • 34-70 TCFG (recoverable) CBM Prospecti
Slide 10: Central's interests and 2008 results
Central’s interests and 2008 results For personal use only
Slide 11: Robust 2009 Programme Proposal
Robust 2009 Programme Proposal For personal use only Phased programme in potentially overlapping sequence planned commencement Aug/Sep 2009 Phase One 5+ optional 5 fully cored CSG wells- (Pedirka Basin) flow testing CBM93001 GoreTM survey Johnstone Phase Two 3-4 conventional wells (Amadeus Basin) :
Slide 12: Gladstone CSG (Queensland) LNG developments
Gladstone CSG (Queensland) LNG developments For personal use only Company Partner Location Mt pa Start PJ pa min* Santos Petronas Gladstone 3-10 2014 204 BG BG Curtis Is 3-12 2013 204 Arrow Shell/LNG Fishermans Is 1.5 2012 100 Origin Conoco Curtis Is 3.5 2012 204 Total (min) 68 Gj/tonne 11 750 Total
Slide 13: CSG Developments-GTL Opportunity
CSG Developments-GTL Opportunity For personal use only - 4 LNG trains under EPC Gladstone - will there be more? Where?........ Newcastle-Santos & Eastern Star - design demand for these 4 Gladstone plants initially 0.75 – 1.8 TCFG pa - CSG supply and sales 2008 0.142 TCFG total Australia - average pr
Slide 14: Bright future for CSG/LNG/GTL ?
Bright future for CSG/LNG/GTL ? For personal use only
Slide 15: Pedirka Basin Structural Elements
Pedirka Basin Structural Elements For personal use only • Coal intersections • Residual oil columns and live oil to surface • Similar geology to Cooper/Eromanga • 2,000 km seismic • poor focus on post oil charge structures to date
Slide 16: Pedirka X-Section
For personal use only Pedirka X-Section
Slide 17: Pedirka Basin Stratigraphy
Pedirka Basin Stratigraphy For personal use only • Numerous source/seal/reservoir systems • Abundant Permian coal 100m- 2,500m • Net coal intersections up to 160m Purni Fm • C1-C5 recorded while drilling coal • No flow testing of coals to date
Slide 18: Pedirka Petroleum and Mineral Permits & Applications
Pedirka Petroleum and Mineral Permits & Applications-situation covered ! For personal use only • 53,000 km2 Petroleum • 20,000 km2 Mineral • 25,000 km2 Coal • 1.1-1.4 Trillion tonnes > 1,000m (Exploration Target)
Slide 19: CBM Pedirka Basin Coal Beds 50km section
CBM Pedirka Basin Coal Beds 50km section For personal use only 140m coal 160m coal Seams to 30m Seams to 40m
Slide 20: Coal-CSG-UCG-GTL
Coal-CSG-UCG-GTL For personal use only Petroleum Tenements* Low High Billion tonnes Billion tonnes Tonnes coal above 1000m contour 1,110 1,385 Tonnes coal below 1000m contour 690 865 1,800 2,250 Mineral Tenements* Billion tonnes Billion tonnes Tonnes coal above 1000m contour 635 795 Tonnes coal belo
Slide 21: Gas and Oil Mature Source Shales HVS
GAS and OIL MATURE SOURCE SHALES HVS -Similar concept to Barnett, Baxter, Bakken, Devonian and Marcellus Shales USA For personal use only HORN VALLEY SILTSTONE HVS Oil Potential UOIIP “high” HVS Gas Potential UGIIP ‘high” Area 1.7 million acres Area 2.47 million acres Gross height of column 100 ft G
Slide 22: Location HVS and Arthur Creek Shale Plays
For personal use only Location HVS and Arthur Creek Shale Plays
Slide 23: Arthur Creek Shale Unconventional
Arthur Creek Shale Unconventional UGIIP 50 TCFG, UOIIP 650 MMbbls -1.5% fracture porosity For personal use only
Slide 24: Pedirka: many large leads/prospects
Pedirka : many large leads/prospects For personal use only
Slide 25: Gas and Oil Mature Source Shales HVS
GAS and OIL MATURE SOURCE SHALES HVS -Similar concept to Barnett,, Baxter, Bakken, Devonian and Marcellus Shales USA For personal use only HORN VALLEY SILTSTONE 10,000 km2 in gas window 12-90 TCF UGIIP 7,000 km2 in oil window-Bakken Shale type oil play up to 10,000 MMbbls UOIIP
Slide 26: Mt Kitty-subsalt-gas-condensate-He
Mt Kitty-subsalt-gas-condensate-He For personal use only Target horizon c. 430 km2 aerial closure, 1,000m max vertical closure prospective recoverable resources 1.7 TCFG, 105 BCF Helium, 2100m TD Possibly the biggest undrilled seismically defined structure onshore Australia
Slide 27: Ooraminna Appraisal - Gas
Ooraminna Appraisal - Gas • P10 - 0.7 TCFG Prospective Resources For personal use only • 300 km2 aerial closure • 60 km to Alice Springs • 1300m TD • Directional retest of previous gas flow Ooraminna-2
Slide 28: Waterhouse gas seepage
Waterhouse gas seepage For personal use only Waterhouse Gas Appraisal • 300 km2 aerial closure • 1.0 TCFG P10 Prospective Resources • 60 km to Alice Springs • 2000m TD
Slide 29: Warburton Basin EP Rawson Farmin Blocks
For personal use only Warburton Basin EP 97 Rawson Farmin Blocks : Devonian carbonate platform, reef and slope-fan play, over 200 km2 5 Bbbls upside UOIIP
Slide 30: CBM Feedstock A$2.50/GJ GTL Plant
CBM Feedstock A$2.50/GJ For personal use only Notional generic pre- Notional pre-feasibility feasibility independently independently derived, derived, not a financial Central 20,000 bpd GTL Plant not a financial forecast forecast Producer-owned gas field and Fischer-Tropsch GTL plant (Feedstock at U
Slide 31: Deal Agenda
Deal Agenda For personal use only JV partners PXA, Trident and HEN : 40-60% of costs covered, 2:1 promote on initial farmin works Central will consider : - additional risk sharing joint venture partner(s) via farmouts for E and P - strategic investment into Central with farmin partner to stabilise s
Slide 32: Central Petroleum Limited
Central Petroleum Limited For personal use only Revitalising Australia’s Revitalising Hydrocarbon Australia’s Hydrocarbon CentreCentre Central Petroleum Limited MD John Heugh +61(0) 8 9474 1444 johnheugh@centralpetroleum.com.au MD John Heugh +61 8 9474 1444 johnheugh@centralpetroleum.com.au www.cent