Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — RIU Good Oil & Gas Energy Conference 2022
20 slides from Cue Energy Resources's conference presentation, Sep 6, 2022
Slide 1: RIU Good Oil & Gas Energy Conference
RIU GOOD OIL & GAS For personal use only ENERGY CONFERENCE 6 September 2022 CUE ENERGY RESOURCES LIMITED ASX:CUE
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices For personal use only Various statements in this document may constitute statements relating to intentions, opinion, expectations, present and future operations, possible future events and future financial prospects. Such statements are not statements of fact, and ar
Slide 3: Company Snapshot
Company Snapshot For personal use only Scale change in FY22 through Market organic growth and acquisition Capitalisation $47.5 million (31 Aug 2022) Strong cash generation and Share price $0.068 (31 Aug 2022) profitability with low unit cost Cash $23.2 million (30 June 2022) High activity levels wit
Slide 4: FY22 Highlights
FY22 Highlights Year of sustainable change, growth and improved performance for Cue For personal use only Profit after Tax 226% Revenue 98% EBITDAX 179% $16.1 million $44.4 million $29.0 million Production 59% Cash cost Gross Profit Margin >600,000 boe $23 /boe Oil $102 /bbl Gas $31 /boe RIU Good Oi
Slide 5: Diversified Oil & Gas production
Diversified Oil & Gas production For personal use only Mahato PSC Jakarta Office Interest 12.5% Onshore oil production Mereenie/Palm Valley/Dingo Interest 7.5 – 15% Onshore gas and oil production Sampang PSC Interest 15% Offshore gas production Maari/Manaia Interest 5% Offshore oil production Melbou
Slide 6: Strong FY22 revenue with expected near term growth
Strong FY22 revenue with expected near term growth For personal use only Cue Annual Revenue $A million Near term revenue growth anticipated from existing assets 44.4 New Zealand 24.5 25.7 Australia 23.9 22.4 Indonesia FY18 FY19 FY20 FY21 FY22 RIU Good Oil & Gas Energy Conference 6 September 2022
Slide 7: Production Growth expected to continue
Production Growth expected to continue For personal use only FY22 Production by Country Net Production Australia 700,000 Barrels of oil equivalent (boe) 30% Indonesia 57% 600,000 500,000 New Zealand 13% 400,000 300,000 FY22 Production by Product Oil & 200,000 Condensate 35% Gas 100,000 65% 0 FY21 FY
Slide 8: PB Field well and PB Oilfield Production Facility
For personal use only RIU Good Oil & Gas Energy Conference 6 September 2022 PB Field well and PB drilling– Mahato PSC Oilfield Production Facility Texcal
Slide 9: Mahato PSC
Mahato PSC Strong cashflow with ongoing onshore development For personal use only $14.9 million FY22 revenue to Cue, contributing $7.8 million profit after tax Significant growth from PB oilfield since first production in January 2021 Approval received in June 2022 for further field development to a
Slide 10: Mahato PSC: PB field development drilling
Mahato PSC PB field development drilling expected to materially increase production For personal use only kbbl PB Field Monthly Production and FY23 Forecast 400 2 wells completed in the current drilling campaign 350 PB-18: June 2022 1000 bopd 300 PB-17: July 2022 800 bopd 250 10 more production
Slide 11: Grati Gas Processing plant - Sampang PSC
For personal use only RIU Good Oil & Gas Energy Conference 6 September 2022 Grati Gas Processing plant - Sampang PSC
Slide 12: Sampang PSC
Sampang PSC Dependable gas production with Paus Biru FID pending For personal use only $12.2 million FY22 revenue to Cue from Oyong and Wortel fixed price gas contracts Paus Biru Plan of Development approved in June 2021 for a single well development with 27km pipeline to existing infrastructure and
Slide 13: PV-12 drilling – Amadeus Basin
For personal use only RIU Good Oil & Gas Energy Conference 6 September 2022 PV-12 drilling – Amadeus Basin
Slide 14: Amadeus Basin: Mereenie, Palm Valley and Dingo
Amadeus Basin Mereenie, Palm Valley and Dingo For personal use only Acquisition of interests in Mereenie, Palm Valley and Dingo field completed in October 2021 $8.2 million FY22 revenue from October 2021 from term gas contracts and gas / oil sales at market prices Mereenie, Palm Valley & Dingo field
Slide 15: Amadeus Basin: Palm Valley PV-12 drilling
Amadeus Basin Palm Valley 12 (PV-12) current drilling targeting P1 production For personal use only PV-12 drilling commenced April 2022 targeting the deep Arumbera sandstone exploration target and secondary shallower Pacoota P1 gas appraisal Challenging drilling conditions were encountered due to na
Slide 16: Maari
Maari Continued solid performance for Cue with $9.2 For personal use only million FY22 revenue and $5.4 million NPAT Maari crude continues to attract a premium over Dated Brent Current production ~3500 bopd with 3 wells offline and expected to resume production in H1 FY23 MR9 ESP replacement (~450
Slide 17: Sustainability
Sustainability For personal use only Cue Climate Change policy published in September 2021 Taskforce on Climate-related Financial Disclosure (TCFD) reporting commenced in 2021 Annual Report, with progress to continue Emissions measurement and reduction initiatives ongoing in Cue’s Joint Venture oper
Slide 18: Pipeline of Opportunities
Pipeline of Opportunities For personal use only Cue Energy FY2023 expected Q1 Q2 Q3 Q4 activities AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN PV-12 Well Amadeus 6 Mereenie Well Basin Recompletions 2 Mereenie Development Wells Mahato 10 production + 2 PSC injection wells Sampang Paus Biru FID PSC Ap
Slide 19: Why Cue Energy?
Why Cue Energy? For personal use only Diversified Production Portfolio Strong, Sustainable FY22 Results An oil and gas production and exploration Achieved $44 million revenue, $16 million company with a diversified mix of profit after tax and delivered a 59% production assets in Australia, Indonesia
Slide 20: For personal use only
For personal use only Level 3, 10 Queen Street, Melbourne, Victoria, AUSTRALIA 3000 (+61) 3 8610 4000 (+61) 3 9614 2142 mail@cuenrg.com.au WWW.CUENRG.COM. AU RIU Good Oil & Gas Energy Conference 6 September 2022 Wortel WHP Medco Energi
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