NGE Capital Ltd · ASX:NGE

NGE Capital — New Guinea Energy — Investor Presentation (July 2011)

27 slides from NGE Capital's investor presentation, Jul 11, 2011

  1. Slide 1: July 2011

    For personal use only July 2011

  2. Slide 2: Disclaimer

    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 the material in the presentation, the pre

  3. Slide 3: About Papua New Guinea (PNG)

    ABOUT PAPUA NEW GUINEA ((PNG)) For personal use only GOVERNMENT Independent since 1975, stable, pro-development, low-tax environment. Constitutional parliamentary democracy and member of British Commonwealth of Nations. CLOSE HISTORICAL TIES WITH AUSTRALIA Australia is PNG’s largest aid donor; 201

  4. Slide 4: PNG Fiscal Terms

    PNG FISCAL TERMS For personal use only The PNG government encourages resource development through simple, but very attractive fiscal terms: 2% Royalty 22.5% Government back in right at development stage (22.5% of previous costs fully paid) id) 30% Profit tax on production 100% 100% Tax T deducti

  5. Slide 5: Permit Equity Positions - June 2011

    Permit Equity Positions - June 2011 100% NGE For personal use only 100% Talisman 50% Talisman / 50% Horizon 50% NGE / 50% Talisman 50% Talisman / 50% Sasol New Oil Search (Nov 2010 farmin)

  6. Slide 6: Excellent Assets

    EXCELLENT ASSETS For personal use only  NGE possesses one of the last available highly prospective, onshore, non- aligned li d acreage positions iti i SE Asia in A i  Six onshore licences, 13 million net acres (52,000 km2), 50-100% interest  1 Billion bbls oil and 15 TCF of gas discovered in adja

  7. Slide 7: Prospects

    PROSPECTS For personal use only Undiscovered PIIP* PPL 6 Prospects Mean MMBOE 266 L k Murray Lake M West W t 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 4

  8. Slide 8: Excellent Assets - Top Leads

    EXCELLENT ASSETS For personal use only Undiscovered PIIP* PPL 10 Top Leads Mean MMBOE 266 Aiambak 184 268 Eulophia (268-6 Drape) 474 269 Amdi 466 269 Burnet 174 269 Champion 50 269 Gu River 80 269 Muir 141 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1778 * Petroleum Initial

  9. Slide 9: Capital Structure as at July 2011

    CAPITAL STRUCTURE as at 6 JULY 2011 For personal use only ASX Code: NGE Trading Statistics This Month No of Shares Listed: 846 541 193 846,541,193 Last $0.13 High $0.13 Market Cap: A$110 million at $0.13 Low $0.105 Highest g Daily y 1,129,000 , , Options: Volume (05/07/11) 7,500,000 exercisable @ $0

  10. Slide 10: Current Position

    CURRENT POSITION For personal use only  A$37.9 million in cash reserves at 6 July 2011  Share price range of $0.026 in February 2009 to $0.295 in September 2009  A$4 M spent on iinfrastructure A$45M f and d exploration l i  Drilled first well in June 2010  Listed on three stock exchanges – ASX,

  11. Slide 11: NGE's American Depositary Receipt Program

    NGE’s AMERICAN DEPOSITARY RECEIPT PROGRAM For personal use only New Guinea Energy’s ADR shares trade on the U.S. OTCQX platform under the following information: Issuance Cancellation • Symbol [NGELY] • CUSIP [644556102] U.S. U.S. U.S. U.S. U.S. • Ratio [1] ADR : [50] ORDs Investor I t Broker B k Exc

  12. Slide 12: Corporate Directory

    CORPORATE DIRECTORY For personal use only Directors Michael Arnett - Executive Chairman NRW Holdings Limited, Nexus Energy Limited, Global Resources Limited and Queensland Energy Resources Limited. Sir Michael Bromley - Non-Executive Non Executive Director Heli Niugini Limited, Chemica Limited, Stea

  13. Slide 13: Impending Growth Catalysts

    IMPENDING GROWTH CATALYSTS For personal use only 2Q 2011 3Q 2011 4Q2011 1Q 2012 Corporate Prospectivity review- New rig arrives PNG $20m in new funding Phase 2 Corporate Corporate New rig complete Review production Prospectivity review- offtake options Phase 1 Stanley Stanley-2 and -4 Stanley Conden

  14. Slide 14: NGE Exploration Licences

    NGE Exploration Licences EXCELLENT ASSETS For personal use only  NGE possesses one of the last available highly prospective, onshore, non- aligned li d acreage positions iti i SE Asia in A i  Six onshore licences, 13 million net acres (52,000 km2), 50-100% interest  1 Billion bbls oil and 15 TCF

  15. Slide 15: PPL - Prospects and Leads

    PPL 269 – PROSPECTS and LEADS For personal use only  5 prospects mapped and 34 leads identified, remapping and additions to lead inventory underway  Major discoveries on trend, oil potential in west  Stanley Condensate Stripping Development 10km from proposed Siphon-1 p  New reservoir at Stanley

  16. Slide 16: Siphon-1 Well

    SIPHON-1 WELL For personal use only Siphon-1 Exploration Well Scheduled Spud: July 2011 Pl PlanneddTTotall D Depth: h 392 3925m Rig: Parker 226 Objective: Toro Sandstone NGE Mean Prospective Resource estimate: 234 BCF gas / 7 MMBC (P t l (Petroleum-initially-in-place) i iti ll i l ) Results availabl

  17. Slide 17: PPL - Seismic Line K89-05

    PPL 269 – SEISMIC LINE K89-05 For personal use only SW NE Stanley Sepalosiphon Structure Structure Base Darai Top Toro Basement Targeted Interval

  18. Slide 18: Terms of Farm-in for PPL

    TERMS OF FARM-IN FOR PPL 269 For personal use only  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 maximumi cost off US$15 US$1 million illi to earn a 50% 0% interest. i  NGE has the

  19. Slide 19: PPL Leads

    PPL 268 LEADS For personal use only  Sparse seismic control  Southern margin of Cecilia T Trough h gas kitchen ki h  Reservoir potential upgraded by recent Puk Puk-1 and Douglas-1 g gas g discoveries on trend  Seismic complete 1Q 2011 (shown in bold yellow) and well to follow  Commercial farmou

  20. Slide 20: PPL Leads

    PPL 268 LEADS For personal use only SW NE Darai Limestone Ieru Fm Lead Basement Elevala Sst Typical 268 lead where reservoir onlaps ‘buried hill’, or upside scenario with continuous reservoir draped across entire feature

  21. Slide 21: Terms of Farm-in for PPL

    TERMS OF FARM-IN FOR PPL 268 For personal use only  Reimbursement of 50% of past sunk costs of A$2.48 million.  Conduct C d seismic i i program to the h value l US$ million US$5 illi and d contribute ib US$1 US$1.5 million to an additional US$3.3 million seismic program to earn a 50% interest.  I

  22. Slide 22: PPL Prospects and Leads

    PPL 266 PROSPECTS and LEADS For personal use only  1 drillable prospect  20 leads defined by seismic  N Northeast h corner off bl block k high hi h graded due to recent gas discoveries on trend  Previous wells drilled by y Conoco intersected hydrocarbons, second down-dip well intersected 30m of

  23. Slide 23: PPL Leads

    PPL 265 LEADS For personal use only  12 leads identified  F Foreland l d gas and d oil il play l ini 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 Seismic Focus

  24. Slide 24: PPL Location Map

    PPL 267 LOCATION MAP For personal use only  100km trend of oil seeps identified  Panakawa Prospect, surface seep flowing at 5 bbls/day  35 API oil from seep identifies new oil il play l in i foreland f l d  2006 and 2008 seismic acquired over Panakawa Prospect  Well spudded in June 2010 and was

  25. Slide 25: PPL Leads - Huria Prospect

    PPL 277 LEADS For personal use only Huria Prospect  13 leads identified  Oil and gas condensate potential  Test distal Toro reservoir  2008 fieldwork identified new seeps at SE Wage Lead  2011 field program to extend area of detailed surface data. Proposed 2011 Field Program  Excellent access

  26. Slide 26: Strategy for Appraisal, Development & Exploration

    Strategy gy for Appraisal, pp , Development p & Exploration p For personal use only  Implement drilling program with Talisman Energy Inc on PPL 268 and PPL 269.  Having g drilled the Panakawa Prospect p in PPL 267, use data to initiate new seismic program to confirm second drilling target.  Conti

  27. Slide 27: Contact Details

    CONTACT DETAILS For personal use only Sydney Port Moresby New G N Guinea i Energy E Ltd New G N Guinea i Energy E Ltd Suite 401 Level 5 Level 4 Pacific MMI Building 2-10 Loftus St Champion Parade Sydney NSW 2000 Port Moresby PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 (0) 2 9252 0039 F: +675

New Guinea Energy — Investor Presentation (July 2011) on 6ix