New Zealand Energy Corp. · TSXV:NZ
New Zealand Energy — Investor Presentation (October 2011)
31 slides from New Zealand Energy's investor presentation, October 2011
Slide 1: New Zealand Energy Corp. Corporate Presentation
New Zealand Energy Corp. Corporate Presentation NewZealandEnergy.com October 2011 TSX‐V: NZ
Slide 2: Forward-looking Statements
Forward‐looking Statements New Zealand Energy Corp. This presentation contains forward‐looking information and forward‐looking statements within the meaning of applicable securities legislation (collectively “forward‐looking statements”). The use of any of the words “anticipate”, “continue”, “estima
Slide 3: NZEC Investor Highlights
NZEC Investor Highlights New Zealand Energy Corp. • Developing and producing oil and natural gas • First discovery well tested 1,100 barrels/day 41.8 API1 oil and 855 mcf2 natural gas advancing to commercial production in Q4‐2011 • Validated geological model exploration to repeat success • Large
Slide 4: Current Capitalization
Current Capitalization New Zealand Energy Corp. Current Shares Outstanding 100,609,105 Options (Exercisable at $1.00) 4,828,000 Advisor Warrants (Exercisable at $1.00) 657,315 Fully Diluted Shares Outstanding 106,094,420 • ~$22 million net working capital (September 2011) • Insider group owns ~ 40%
Slide 5: Senior Management and Directors
Senior Management and Directors New Zealand Energy Corp. John A. Greig D. Kenneth Truscott Hamish J. Campbell Chairman, Director Director Director (42 years experience) (30 years experience) (26 years experience) John G. Proust Bruce G. McIntyre CEO, Director President, Director (26 years experience
Slide 6: Why New Zealand?
Why New Zealand? New Zealand Energy Corp. • Proven hydrocarbon systems with multi‐zone potential East Coast Basin • Favorable royalty and tax structure • Brent pricing environment • Proactive Government approach to oil and natural gas exploration and development • Established infrastructure with cap
Slide 7: NZEC Asset Summary
NZEC Asset Summary New Zealand Energy Corp. Taranaki Basin East Coast Basin • Proven producing basin • World‐class resource with conventional focus potential in multiple • 2 permits covering shales 152,066 net acres • 1.8 million net acres • Copper Moki‐1 Copper Moki‐1 • 2 permits issued, discovery
Slide 8: Taranaki Basin Oil and Gas Fields
Taranaki Basin Oil and Gas Fields New Zealand Energy Corp. Gas Field • Taranaki Basin producing 55,000 bbl/day Ultimate (Remaining) Reserves Oil Field crude oil and 460 million cf/day natural Ultimate (Remaining) Reserves gas from 18 fields • NZEC exploration / production model 1. Identify prospects
Slide 9: NZEC Taranaki Seismic Database
NZEC Taranaki Seismic Database New Zealand Energy Corp. Taranaki Basin Focus Area Seismic Coverage NZEC Seismic Database • Map depicts NZEC’s in‐house database of 2D and 3D seismic covering Eltham, Alton, Cheal, Sidewinder and offsetting pools • NZEC in‐country technical team has organized, reproces
Slide 10: 2011 Taranaki Activity
2011 Taranaki Activity New Zealand Energy Corp. TAG Oil NZEC Copper Moki‐1 oil and Sidewinder light oil natural gas discovery, and gas production commercial production from Mt. Messenger in Q4‐2011 Cheal area oil and Q4‐2011 gas production • Copper Moki‐2: Mt. Messenger and Urenui formations • Coppe
Slide 11: Copper Moki-1 Discovery
Copper Moki‐1 Discovery New Zealand Energy Corp. Seismic Cross Section Cheal ‐ Copper Moki ‐ Taranaki Thrust Fault Zone 11
Slide 12: Copper Moki Area Exploration Strategy
Copper Moki Area Exploration Strategy New Zealand Energy Corp. • Mt. Messenger 3D seismically defined targets in yellow • Deeper Moki Formation seismically defined targets in orange • NZEC strategy is to locate wells that will test Mt. Messenger development targets with deeper exploration potential
Slide 13: Taranaki Basin Exploration Strategy
Taranaki Basin Exploration Strategy New Zealand Energy Corp. • Discovery well tested 1,100 barrels of oil and 855 mcf natural gas per day • Validates NZEC geological interpretation • Clear plan for repeated success in Mt. Messenger formation • 3D seismic has defined 6 targets on trend • 2D seismic y
Slide 14: Copper Moki Path to Production
Copper Moki Path to Production New Zealand Energy Corp. • Copper Moki‐1 extended production test to determine optimal flow rates and insight into reservoir characteristics • Commercial production from Copper Moki‐1 • Repeat success of Copper Moki‐1 • Drill Copper Moki‐2 and Copper Moki‐3 in Q4‐2011
Slide 15: East Coast Basin
East Coast Basin New Zealand Energy Corp. • Over 300 known oil and gas seeps sourced back to two shale formations • East Coast Basin shales analogous to North American producing shales • Apache has joint ventured on offsetting permits • NZEC has two granted permits and one pending permit covering mo
Slide 16: East Coast Basin Shale Potential
East Coast Basin Shale Potential New Zealand Energy Corp. • NZEC has completed two core holes to evaluate the Waipawa shale results by year end Waipawa Whangai Bakken Lias Willesden / North East Coast / New East Coast / New Basin / Jurisdiction Dakota & Paris / Fran Zealand Zealand Saskatchewan Qu
Slide 17: East Coast Basin – Ranui-1 Re-entry
East Coast Basin – Ranui‐1 Re‐entry New Zealand Energy Corp. Ranui‐1 Well – Extend to Bottom of Whangai • Drilled in 2008, encountered 200+ metres of prospective pay in Whangai shale • NZEC will re‐drill and core well in Q4‐2011 • Identify shale characteristics to unlock production potential • Ranui
Slide 18: East Coast Basin Value Drivers
East Coast Basin Value Drivers New Zealand Energy Corp. • Advance technical understanding of shale targets • Q3‐2011 – Completed two stratigraphic wells on Castlepoint Permit, results pending • Q4‐2011 – Re‐drill Ranui‐1 well to collect data and evaluate full extent of shale formation • 2012 – Shoot
Slide 19: Rapidly Executing on Corporate Milestones
Rapidly Executing on Corporate Milestones New Zealand Energy Corp. Aggressive and Efficient Strategy to Become Major Oil & Gas Player 2010 2011 • NZEC founded April • $7M private placement @ $0.25 • Castlepoint Permit • Drilled and cased Copper Moki‐1 • East Cape Permit • $5.3M private placement @ $
Slide 20: Near-term Value Drivers
Near‐term Value Drivers New Zealand Energy Corp. • Copper Moki‐1 Well (Mt. Messenger and Urenui formations) • Long‐term production test • Achieve commercial production in Q4‐2011 = cash flow • Copper Moki‐2 Well (Mt. Messenger and Urenui formations) • Copper Moki‐3 Well (Mt. Messenger, Urenui and Mo
Slide 21: Appendix
New Zealand Energy Corp. Appendix 21
Slide 22: 2011 Taranaki Activity
2011 Taranaki Activity New Zealand Energy Corp. TAG Oil Ltd. New Zealand Energy Corp. Q3‐2011: NZEC Copper Moki‐1 Well TAG’s Sidewinder light oil & gas • 48‐hour test flowed 41.8 API oil at discovery consistent rate of 1,100 barrels/day and • Sidewinder‐1, 2, 3 & 4 flowed natural gas 855 mcf natural
Slide 23: Management
Management New Zealand Energy Corp. Name Expertise Experience • Proven track record of building companies from grass • Chairman, CEO & Director, Southern Arc Minerals Inc. John G. Proust, C.Dir roots to advanced development. Specializes in • Chairman, Canada Energy Partners Inc. CEO identifying unde
Slide 24: Directors
Directors New Zealand Energy Corp. Name Expertise Experience John A. Greig, • Founder and financier of numerous mining • Founder, Director & Officer Sutton Resources, Cumberland M.Sc., P.Geo and oil and gas companies. Specializing in Resources Ltd., Eurozinc Mining Corp., Crown Resources Corp. Chair
Slide 25: New Zealand Technical Team
New Zealand Technical Team New Zealand Energy Corp. Name Qualifications Expertise Dr. Ian Brown D. Eng Chief Operating Officer; professional geological engineer B.Sc, June Cahill Acquisition, management, and analysis of complex geoscience data B. Applied Econ. B.Sc (Hons) Bill Leask Petroleum geolog
Slide 26: Exploration & Development Budget
Exploration & Development Budget New Zealand Energy Corp. $19.7 million exploration and development plan – Year 1 • Achieve commercial production from Copper Moki‐1 well • Drill and evaluate 2 additional Taranaki wells • Re‐drill, core and evaluate Ranui‐1 well 12 MONTH USE OF PROCEEDS ($000s) Coppe
Slide 27: New Zealand Market for Oil and Gas
New Zealand Market for Oil and Gas New Zealand Energy Corp. New Zealand Market for Oil Oil Infrastructure • Significant net importer of oil Shell Operated • Production of ~55,000 bbl/d exclusively from the Export Hub Taranaki Basin • Current demand is ~150,000 bbl/d • Premium pricing environment • N
Slide 28: Alton Permit Prospects
Alton Permit Prospects New Zealand Energy Corp. Talon‐1 well drilled in Q3‐2011 • Intersected 75 metres of good Manutahi reservoir but only minor amounts of natural gas – well will not be completed Refining 2D targets with 3D seismic survey to confirm 2012 exploration program Alton Permit Working In
Slide 29: Eltham Permit Prospects
Eltham Permit Prospects New Zealand Energy Corp. • Copper Moki‐1 discovery well completed in August 2011, advancing toward Q4‐2011 production • Remainder of 2011 program includes • Advancing Copper Moki‐1 into production • Drilling Copper Moki‐2 and Copper Moki‐3 • Acquiring and processing 50 km of
Slide 30: Cautionary Note Regarding Resource Estimates
Cautionary Note Regarding Resource Estimates New Zealand Energy Corp. A prospective resource is defined as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources h
Slide 31: Contact New Zealand Energy Corp.
Contact New Zealand Energy Corp. New Zealand Energy Corp. Vancouver Office Rhylin Bailie Vice President, Communications & Investor Relations + 604‐601‐2010 info@newzealandenergy.com New Zealand Office + 64‐4‐471‐1464 Toll‐free 0800‐469‐363 www.newzealandenergy.com 31
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