NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (September 2013)
29 slides from NGE Capital's investor presentation, Sep 10, 2013
Slide 1: September 2013
For personal use only September 2013
Slide 2: For personal use only
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
Slide 3: Contents
Contents For personal use only 1. Investor Highlights 2. PNG – World Class E&P Destination 3. Capital Structure 4. Senior Management and Board 5. Strategy and Development Plan 6. Licence Overview 7. Licence Details 8. Conclusion 3
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS Attractive Exploration Portfolio – value backed by external transactions For personal use only • 5 onshore licences 29,500km2, 50-100% interest – 1 royalty licence covering 4,000km2 • Balanced portfolio of both oil and gas prospects with > 6,200MMboe unrisked PIIP • Aerogravity,
Slide 5: PNG – World Class E&P Destination
PNG – WORLD CLASS E&P DESTINATION For personal use only Highly Prospective • 25Tcf gas discoveries to date • ExxonMobil consortium: US$19bn PNG LNG under construction • TOTAL, Shell, Mitsubishi, and Pacific Rubiales arrived in last 12 months Pro Development • Global LNG demand growth of 6% p.a. for
Slide 6: PNG Oil & Gas Industry Participants
PNG OIL & GAS INDUSTRY PARTICIPANTS For personal use only Chinese Petroleum Co 6
Slide 7: Overview of PNG Plays
OVERVIEW OF PNG PLAYS For personal use only 4+Tcf 10+Tcf Gas/LNG Reserves discoveries ExxonMobil led PNG LNG Oil/Condensate Horizon/Osaka Gas NGE Licences 9Tcf NGE Royalty Interest Talisman/Mitsubishi InterOil/ExxonMobil Oil Search/Total 1Tcf 7
Slide 8: NGE Assets
NGE ASSETS PNG LNG Received $40M offer in July 2013 For personal use only Potential PNG LNG expansion Talisman Gas Aggregation Concept1 Exxon/Oil Search Crude/Condensate via waterways Talisman/Mitsubishi JVs Royalty 50% NGE NGE Licences NGE Royalty Interest 3, 100% NGE Licences Drilling Company JV 5
Slide 9: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only 12 Months # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) As at $0.027 Market Cap: A$22.95 million 05/09/2013 Latest Cash Position: A$ 7.4million (as at 30 June 2013) High $0.044 Low $0.01 Highest Daily Options: Volume 12,42
Slide 10: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE BOARD For personal use only Michael Arnett - Chairman MANAGEMENT A lawyer with over 20 years’ experience in capital raising and M&A Grant Worner - Chief Executive Officer in the mining, oil and gas sector. A director of NRW Holdings A chemical e
Slide 11: Strategy and Development Plan
STRATEGY AND DEVELOPMENT PLAN Achievements to Date For personal use only • Acquired significant asset base in Papua New Guinea – 5 blocks covering 29,500Km2 (7.3M acres) • De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic • 340km of seismic under NGE Operatorshi
Slide 12: Exploration Potential
EXPLORATION POTENTIAL • 5 onshore licences, 29,500km2, 50-100% interest For personal use only • Balanced portfolio of both oil and gas prospects • > 6200MMboe unrisked PIIPI Predominantly Oil Plays Predominantly Gas Plays Licence Unrisked PIIP Prospects / NGE Equity Licence Unrisked PIIP Prospects /
Slide 13: PPL 267 Licence Highlights
PPL 267 LICENCE Highlights • 1700mmboe unrisked PIIP1 • 9 leads For personal use only • Multiple leads mapped with >50mmbl potential volumes of oil in-place. NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June 2010 and w
Slide 14: 267-1 Lead: Kaisy
267-1 LEAD: “KAISY” For personal use only • Potential > 50 mmbls unrisked oil in- place, circa one-third recoverable • Lead accessible by barge • Imaged by 6 seismic lines • >11 km2 closure at the Alene and Toro horizons • >65m of reservoir quality sands averaging >22% porosity in the nearby Panakaw
Slide 15: Kaisy: Rollover Anticline Target
KAISY: ROLLOVER ANTICLINE TARGET SOUTH NORTH For personal use only Top Darai Limestone Base Darai Limestone Alene Sandstone Toro Sandstone Basement 15
Slide 16: Kaisy: Exploration Challenges
KAISY: EXPLORATION CHALLENGES Swampy terrain, 2km wide tidal river crossing For personal use only 16
Slide 17: Kaisy Forward Plan
KAISY FORWARD PLAN Subject to seismic results and financing For personal use only 17
Slide 18: PPL 277 – Sale and Royalty
PPL 277 – SALE AND ROYALTY For personal use only PPL 277 Context • Licence covering 4000km2 in the mountainous PNG Highlands parallel to PNG LNG infrastructure • Highly prospective with potentially 10,000Bcf PIIP1 but very expensive, even for PNG standards • Exploration involves high technical and s
Slide 19: PPL 277 2012 Activity
PPL 277 2012 ACTIVITY • Seismic acquisition For personal use only • PRL11 Trapia-1 exploration well by ExxonMobil and Oil Search 2012 Seismic PNG LNG infrastructure to Kutubu and Port Moresby 19
Slide 20: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG expansion Talisman Gas Aggregation Concept1 Crude/Condensate via waterways NGE Licences NGE Royalty Interest PPL 268 / PPL 269 (Talisman Operated) Seismic in 2011; Seismic and reprocessing in 2012; Mitsubishi farm-in in 2012; Sig
Slide 21: PPL 268 Licence Highlights
Highlights PPL 269 LICENCE • 2000MMboe unrisked PIIP1 • 32 prospects and leads April 2012 – potential 650m gas column For personal use only • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 • Siphon-1 Exploration well drilled as technical success but not
Slide 22: PPL 269 Licence Highlights
Highlights PPL 268 LICENCE • 160MMboe unrisked PIIP1 • 5 prospects and leads Aug 2012 – 900Bcf / 54MMbbl For personal use only • Southern margin of Cecilia Trough gas kitchen • Predominantly a gas play NGE Activity (Talisman Operated) • Regional seismic acquired in 2011 Regional Activity • PRL21 Ele
Slide 23: NGE Near-Term Activity
NGE NEAR-TERM ACTIVITY For personal use only PNG LNG Potential PNG LNG expansion Talisman Gas Aggregation Concept1 ‘Macadamia’ Crude/Condensate via waterways circa 36km2 NGE Licences NGE Royalty Interest PPL 265 / PPL 266 / PPL 267 (NGE Operated) Seismic in PPL 265 / 266 in 2012; Licence extension a
Slide 24: PPL 266 Licence Highlights
Highlights PPL 266 LICENCE • 360MMboe unrisked PIIP1 • 1 drillable prospect and 5 leads For personal use only • Predominantly a gas play ‘Macadamia’ NGE Activity circa 36km2 • Regional aerogravity data, seismic in 1H12 • Licence extension approval PPL 235 • Looking to Farm-out • Further de-risk if n
Slide 25: PPL 265 Licence Highlights
PPL 265 LICENCE Highlights For personal use only • >2000MMboe unrisked PIIP1 • 13 leads • Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • 94km seismic in 1H12 • Licence extension approval • Looking to Farm-out • Further de-risk if needed, and • Contingent on above, d
Slide 26: Drilling Rig
DRILLING RIG For personal use only Drilling Rig Context • Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone • Few suitable, available drilling rigs in the region • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a fit-for-
Slide 27: Investing in the Community
INVESTING IN THE COMMUNITY For personal use only Context • 7 million people • 80% rural population • About 30 rural doctors NGE, QRME, and Hope4Health helping PNG with • Rural health education • Clinical placements • Clinical literature • Teaching literature • Clinical equipment 27
Slide 28: Summary of NGE's Current Position
SUMMARY OF NGE’s CURRENT POSITION Licence Tenure For personal use only • Received 5 year Licence Extensions, awaiting approval for one remaining NGE licence. Strong Balance Sheet • Cash at end of 1H 2013 of more than $7M. Near-term Exploration Potential • Target of potentially more than 50 million b
Slide 29: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS Sydney For personal use only Port Moresby New Guinea Energy Ltd New Guinea Energy 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: +67
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