Globaltec Formation Bhd. · MYX:GLOTEC
Globaltec Formation Bhd — Shareholder Meeting (December 2014)
22 slides from Globaltec Formation Bhd's shareholder meeting presentation, Dec 15, 2014
Slide 1: Annual General Meeting
(G ANNUAL (G GENERAL Globaltec Formation Berhad MEETING (953031-A) 15 December 2014
Slide 2: NuEnergy Gas Limited
NUENERGY GAS LIMITED December 2014
Slide 3: What is coal bed methane?
What is coal bed methane? The primary energy source of natural gas is a substance called methane (CH4). Coal bed methane (CBM) is simply methane found in coal seams. It is produced by non-traditional means, and therefore, while it is sold and used the same as traditional natural gas, its production
Slide 4: Methane generation with coal maturity and way to extract the gas
Methane generation with coal maturity and way to extract the gas 4
Slide 5: Outline
OUTLINE NGY Company Overview Assets Market 12 Month Strategy & Development Plan New Management Team New Strategic Investor New Focus 5
Slide 6: NGY Company Overview
NGY COMPANY OVERVIEW NuEnergy Gas Limited (NuEnergy) is an ASX listed unconventional gas exploration and production company with a focus on production in the fast growing and under supplied market of Indonesia • NuEnergy has a strategy to acquire, explore, appraise and develop Coal Bed Methane Corpo
Slide 7: NGY Company Overview: Achievements
NGY COMPANY OVERVIEW: ACHIEVEMENTS Muara Enim PSC: Gas produced from pilot well #1 for over 6 months with +98% methane Muara Enim PSC: Pilot Well #2 complete. Dewatering commenced late December 2013. Initial Permeability results show up to 30 millidarcies (mD) across the 4 coal seams Substanti
Slide 8: Assets: South Sumatra PSCs – ME and ME2
ASSETS: SOUTH SUMATRA PSCs – ME and ME2 Drilling and Development De-Risking • Drilled, tested, logged and cored 3 CBM wells at Muara Enim • Resource certifications conducted by NSAI (September 2012) and – High permeability RPS (March 2013); 4,200 BCF Prospective, 100 BCF 3C – Good quality gas with l
Slide 9: Assets: South Sumatra PSCs Resource Appraisal
ASSETS: SOUTH SUMATRA PSCs RESOURCE APPRAISAL The 40 - 124 metre thick Suban, Mangus and Petai Coal Seams are the focus of the drilling in the Muara Enim & Muara Enim II PSCs as they are expected to generate significant proved reserves. Muara Enim Muara Enim 2 World Class CBM Basin and Position 9
Slide 10: Assets: Rengat PSC
ASSETS: RENGAT PSC Rengat potenial has been significantly upgraded through G&G work • JMJ Petroleum have mapped the entire PSC area including the surrounding basin • Four major coal seams mapped that underlie majority of concession area • Over 50 lines , representing 1,064 km, of seismic data , logs
Slide 11: Market: Strong Underlying Gas Demand
MARKET: STRONG UNDERLYING GAS DEMAND • Major gas infrastructure connects NuEnergy’s PSC’s to the undersupplied Java, Singapore and Sumatra/Chevron Duri gas markets • NuEnergy has the potential to secure LNG pricing from these markets without having to build an LNG plant • Export & domestic markets y
Slide 12: Market: Sumatra Power & Industrial Demand
MARKET: SUMATRA POWER & INDUSTRIAL DEMAND • Sumatran domestic gas demand is currently ~ 2.5 Bcf/day • This market is currently undersupplied • The supply deficit is forecasted to grow from 0.5 Bcf p/day in 2014 -to- 1.0 Bcf p/day in 2022 Sumatra Power and Gas Infrastructure Total Central & South Sum
Slide 13: Market: Chevron Duri Steam Flood Gas Market
MARKET: CHEVRON DURI STEAM FLOOD GAS MARKET • The Chevron steam flood project is derived from an Enhanced Oil Recovery (EOR) project on the Duri oil field in Central Sumatra which enhances the recovery of oil from the field through the injection of significant quantities of steam into the oil reserv
Slide 14: Market: Singapore Gas Market
MARKET: SINGAPORE GAS MARKET • Two major gas supply routes via two different pipelines under long term contracts • Grissik (South Sumatra) – Singapore pipeline • Natuna offshore – Singapore pipeline • Strong demand lies with major gas users for power generation, currently consuming ~ 80% of gas supp
Slide 15: Market: West Java Gas Market
MARKET: WEST JAVA GAS MARKET • High demand in West Java is driven by both the power & manufacturing sectors: • West Java is the prime driver of the Indonesian economy • West Java energy consumption represents approximately 50% of national energy demand • Supply from LNG terminals & South Sumatra gas
Slide 16: Market: New Indonesian Government
MARKET: NEW INDONESIAN GOVERNMENT Foreign investors have reacted positively to the Jokowi win on the back of his pledges to welcome foreign investment, cut red tape and ease bureaucracy. • Joko Widodo (“Jokowi”) has emerged victorious in Early The new Indonesia’s closely fought presidential election
Slide 17: Market: Commodity Prices - Natural Gas
MARKET: COMMODITY PRICES - NATURAL GAS • The following graphs present commodity future prices over the periods of the last week, last three months and last year. • All changes are measured in US Dollars and reflect daily closing prices for the forward month futures . 17
Slide 18: 12 Month Strategy
12 MONTH STRATEGY The key focus for management over the next 12 months is to attain 2P resource upgrade. Management have a proven track record and significant CBM and unconventional expertise to achieve this significant milestone for NGY. Tendering underway to secure permits and optimal well locat
Slide 19: Development Plan
DEVELOPMENT PLAN • Drilling campaign for both Rengat PSC and Muara Enim II PSC to run parallel operations • Scalable development design and favourable market dynamics ensures potential for rapid up-scaling • ‘Open Access’ pipeline network’s ensure gas delivery to market, in a region with strong dome
Slide 20: New Management Team
NEW MANAGEMENT TEAM • Dato’ Sri Dr. Goh Tian Chuan, JP, Chairman of NCE and NCES Dato’ Sri Dr. Goh • Dato’ Sri Dr. Goh Tian Chuan, JP, is the Group Executive Chairman of Globaltec Formation Berhad (“GFB”), a company listed on the Bursa Malaysia Tian Chuan, JP* Securities Bhd since 20 July 2011. Non-
Slide 21: New Strategic Investor (and Globaltec JV Partner)
NEW STRATEGIC INVESTOR (and GLOBALTEC JV PARTNER) New Century Energy Resources • NCE has extensive experience in the Coal Bed Methane (CBM) exploration and production industry, including subsurface (geological, geophysical & reservoir engineering), well drilling, completion and production techniques
Slide 22: New Focus
NEW FOCUS The new management of NGY believe Indonesia’s unconventional potential is compelling and are dedicated to developing NGY’s Indonesian assets into production. NuEnergy – New Management, New Government, New focus and New opportunities 22
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