Central Petroleum Limited · ASX:CTP

Central Petroleum — Noosa Mining and Exploration Conference 2019

15 slides from Central Petroleum's conference presentation, Jul 18, 2019

  1. Slide 1: Investor Presentation

    For personal use only Investor Presentation Noosa Mining and Exploration Conference 17-19 July 2019 Central Petroleum Limited (ASX:CTP)

  2. Slide 2: Company snapshot

    Relative share price performance financial year Company snapshot 140 130 For personal use only 120 Brisbane head office 110 Oil and gas E&P in Northern Territory (NT) 100 * and Queensland (QLD) 90 $100M market cap 80 99 employees 70 7.3 PJE of sales 2H FY20191 60 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 1

  3. Slide 3: Northern Territory and Queensland assets

    Northern Territory and Queensland assets For personal use only Operations • Mereenie (50%): 89PJ 2P* currently producing 24TJ/d (net) • Palm Valley: 26PJ 2P* currently producing 12TJ/d • Dingo: 38PJ 2P* 4.4TJ/d contracted to OS Power Station Exploration • Over 200,000km2 exploration portfolio undere

  4. Slide 4: 12-month highlights – delivering results

    12-month highlights – delivering results For personal use only Mereenie facility Palm Valley WM26 appraisal PV13 appraisal upgrade facility upgrade well completed well completed completed completed Gas Strategy Delivered NGP connection Reduced debt by Sales volume up Generating to east coast gas $12

  5. Slide 5: Total sales volume and revenue

    Total sales volume and revenue* For personal use only 4.0 20.0 • June quarter performance 3.5 continues to benefit from new 3.0 NGP connected 15.0 east coast gas sales via NGP 2.5 • 3.8 PJE total sales (June PJE $M quarter)* 2.0 10.0 • $19.5M total revenue (June 1.5 quarter)* 1.0 5.0 • Total sales t

  6. Slide 6: East coast gas market

    East coast gas market Net back gas prices at Wallumbilla Gas Supply Hub (A$/GJ) For personal use only  East coast gas market is 14 short on gas supply with 13 prices around 3x historical 12  EnergyQuest analysis shows 11 $9 to $11/GJ delivered, which 10 supports ex-field pricing for 9 Central of $

  7. Slide 7: Investment proposition

    Investment proposition For personal use only Fast growing oil & Connected to the Low cost gas gas producer east coast market production Upgraded Near-field reserve production Strong free growth potential increasing gas cashflow sales by nearly 3x Extensive under- Strong expl. Active expl. explored p

  8. Slide 8: Update on key activities

    For personal use only Update on key activities CENTRAL PETROLEUM LIMITED (ASX:CTP) 8

  9. Slide 9: Current activities

    Current activities For personal use only Complete Project Range exploration Evaluate next Complete Dukas 1 Execute new drilling steps in Mereenie exploration well GSA(s) for 2020+ programme Stairway appraisal Optimise Palm Exploration Screen farm-out / Progress value- Valley for potential portfolio

  10. Slide 10: Dukas update

    Dukas 1 update For personal use only  Targeting the sub-salt section of the Amadeus Basin on a large regional high  Potentially multi-Tcf prospect with several “look-alike” structures in other permits  Drilling currently stalled for mechanical reasons. Working Location of Dukas-1 in relation to o

  11. Slide 11: Queensland Surat basin CSG – Range Gas Project

    Queensland Surat basin CSG – Range Gas Project For personal use only  77km2 CSG acreage in Queensland surrounded by Shell, Arrow and APLNG  4 to 5 well appraisal programme with the first well (Range 4) successfully completed, Range 5 drilled and testing underway  50:50 JV with Incitec Pivot Limit

  12. Slide 12: Range Update

    Range 4 Update For personal use only  Range 4 completed and suspended for P&A:  TD 845m (on prognosis)  total net coal thickness of 31m (on prognosis)  over 50% of total net coal tested in 6 DSTs  DST results encouraging  Range-4 was located in a deeper portion of the permit to appraise the ar

  13. Slide 13: Near-term share price growth catalysts

    Near-term share price growth catalysts For personal use only CY 2019 Catalyst Q1 Q2 Q3 Q4  GAP completed (facility upgrades and 2 appraisal wells)   Sales nearly tripled following commencement of NGP   PV13 well tied-in and under production testing   Execute new gas supply contract(s) for 202

  14. Slide 14: Notice and legal disclaimer

    Notice and legal disclaimer For personal use only To the maximum extent permitted by law: This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“

  15. Slide 15: Contact and Further Information

    For personal use only Level 7, 369 Ann Street Brisbane QLD 4000 Australia +61 (0)7 3181 3800 Contact and Further Information Investor and media enquiries: info@centralpetroleum.com.au Helen McCrombie at Citadel- MAGNUS T: +61 (0)2 8234 0103 M: +61 (0)411 756 248 www.centralpetroleum.com.au CENTRAL P

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