Central Petroleum Limited · ASX:CTP
Central Petroleum — SMI Gas to Liquids Conference 2010
32 slides from Central Petroleum's conference presentation, Oct 25, 2010
Slide 1: Presentation at the SMI Gas to Liquids Conference London
ASX ANNOUNCEMENT/PRESS RELEASE ASX CODE: CTP 25 October 2010 TO: The Manager, Company Announcements ASX Limited CONTACT: John Heugh +61 8 9474 1444 PRESENTATION AT THE SMI GAS TO LIQUIDS CONFERENCE LONDON Central Petroleum Limited (ASX:CTP) (“Central”), as Operator, has pleasure in announcing the pr
Slide 2: ASX announcement continued: permit interests and disclaimer
consolidation of higher oil prices add considerably to the potential value of any gas discoveries in central Australia”. "The purpose of this London conference is to exchange knowledge and information between the leading companies in this field which promises so much. This is the thirteenth such con
Slide 3: Central Petroleum October 2010
Central Petroleum OCTOBER 2010 John Heugh Managing Director +61 8 9474 1444 johnheugh@centralpetroleum.com.au Stockbrokers and Corporate Advisors- Patersons Australia Steven Tomsic +61 8 9263 1111 Does not reflect necessarily in whole or in part the views of existing joint venture partners
Slide 4: Disclaimer
Disclaimer This presentation, announcement or report has been summarised from various reports including, “CBM Potential of the Pedirka Basin” by Mulready Consultants, “Pre-feasibility Study for a 10,000 bbl/day FT GTL Plant in Central Australia”, and ” Appraisal of GTL Development Option for Potenti
Slide 5: Coal tonnages exploration target note
* Coal tonnages viable “Exploration Target”-AusIMM – the potential quantity and grade of the coal is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource
Slide 6: Overview
Overview • Focus on oil but exploring for oil, gas, condensate, Helium, coal, conventional and unconventional, development options in oil, CTL, GTL, LNG, oil, coal. • CTP is a highly liquid stock with c. 8,000 shareholders. • Average daily 6.7 million plus share turnover 52 week period. • Impressive
Slide 7: Central value adding petroleum hub
Central value adding petroleum hub Permits & applications
Slide 8: Australian gas prices
Teele eanricac ; Average Natural Gas Prices US$/Gj 0 2005 2006 2007 2008 2009 == Henry Hub ==UK =Europe == WA domgas == East Coast domgas 5 Source: Argus Monthly LNG, EnergyQuest and DMP a Ve have the energy.
Slide 9: Australian Gas Exports
T~=@6eE¢D Or OVERVIEW OF AUSTRALIAN OIL & GAS Prepared for CTP by Negotiaction Positive Outlook for Australian Gas Exports Opportunity exists to participate in the upside potential of gas and LNG Australian Historical and Forecasted Gas Production and Consumption (Annual) PJ Mt Net Exports “am Consu
Slide 10: Achievements
Achievements Johnstone West-1 - Unsuccessful flow test, recovered completion fluid/formation fluid? Traces of gas and oil - Oil shows over 128m interval - pushed into new frontier oil province-live oil shows Ooraminna-2 - 25m+ gas column intersected, 152,700 cu ft/day flow, tight carbonates and shal
Slide 11: Initial Focus
Initial Focus 1. Appraisal and ? Development of Johnstone/Surprise-OIL - Surprise-1 spudded, main target zone anticipated 8th November 2010 - Plan & shoot 3D seismic survey in 4Q 2010, Q1 2011. - Drill follow-up appraisal well(s) in 2Q 2011. 2. Secure a Major JV partner(s) - Coal, (UCG, CTL, Mining-
Slide 12: Possible 2010-11 Developments
Possible 2010-11 Developments Drill Surprise-1 – Oil- Spudded - Targeting oil, 50 Mmbbls “high” UOIIP. - Long step out from Johnstone West, edge of oil kitchen. 4 Additional Oil Wells-Planned -Two western Amadeus (Johnstone/Surprise area) -Two Pedirka Basin-processing additional seismic, up to 6 to
Slide 13: Proposed Development Path
Proposed Development Path • Oil (12-18 months) and low volume Helium export (24- 36 months) discovery and development for early cash flow • Potential for mini-LNG plants for transport fuel from gas discoveries (24-36 months) • Further exploration and examination non-conventional oil-shale plays and
Slide 14: Surprise and JW-1 (Projected)-Amadeus
Surprise and JW-1 (Projected)-Amadeus
Slide 15: Current Prospects
Current Prospects Gas Volumetrics Bcf Oil Volumetrics M M BBls Riske d Riske d UGIIP COS % Me a n Pe rm it UOIIP COS % Me a n Pe rm it Me a n Me a n Surprise 49.6 33 19 6 EP-115 NW Me r. Sub 103 26 55 14 EP-115 W a te rhouse 2700 EP-82 Ma ge e Arum be ra 171 29 61 18 EP-82 Ma ge e He a vitre e 102 2
Slide 16: Central's interests
Central’s interests Unconventional Shale Gas & Oil (Permits & applicattions) > 600 Bn tonnes coal JORC “Exploration Target” * * Coal tonnages viable “Exploration Target”-AusIMM – the potential quantity and grade of the coal is conceptual in nature, there has been insufficient exploration to define a
Slide 17: Shale Gas Potential Summary Parameters
Shale Gas Potential Summary Parameters Shale Properties Horn Valley Siltstone 20,000 km2 Arthur Creek Formation 20,000 km2 plus plus JSW 1 and Regional Toko Syncline Thickness Range (gross) 30-120 m 100-300 m Net shale/ Gross 0.2 – 0.4 0.16 Thickness Total Organic Carbon 1 – 9 % TOC 1.7 - > 10 % TOC
Slide 18: Gas and Oil Mature Source Shales HVS
GAS and OIL MATURE SOURCE SHALES HVS (WIP) -Similar concept to Barnett, Baxter, Bakken, Devonian and Marcellus Shales USA HVS Oil Potential UOIIP “high” HORN VALLEY SILTSTONE HVS Gas Potential UGIIP ‘high” Area 1.7 million acres Area 2.47 million acres Gross height of column 100 ft Fractures make up
Slide 19: Arthur Creek Shale Sth Georgina Unconventional
Arthur Creek Shale Sth Georgina Unconventional UGIIP 80 TCFG, UOIIP 650 MMbbls (WIP)
Slide 20: GTL plant economics: US$ per barrel
CBM Feedstock A$2.50/GJ Notional generic pre- Notional pre-feasibility feasibility independently independently derived, derived, not a financial Central 20,000 bpd GTL Plant not a financial forecast forecast Producer-owned gas field and Fischer-Tropsch GTL plant (Feedstock at US$2.00 /mscf) 160 GTL
Slide 21: Monetising Low Volume Gas through mini-LNG and Syn-Fuels
Monetising Low Volume Gas through mini- LNG and Syn-Fuels • Numerous gas prospects close to Alice Springs and transport infrastructure • Conceptual co-located 200 TPD mini-LNG, (transport fuels) and 200 TPD (1,500 bbl/day) GTL production co-located • Useful synergies : - GTL off gas to power generat
Slide 22: Monetising Low Volume Gas through mini-LNG and Syn-Fuels
Monetising Low Volume Gas through mini- LNG and Syn-Fuels
Slide 23: Monetising Low Volume Gas through mini LNG and Syn-Fuels - Helium
Monetising Low Volume Gas through mini LNG and Syn-Fuels - Helium • Ooraminna 2 gas 0.22% Helium • He production as a by product possible from mini-LNG production • BOC/Linde-Conoco Darwin plant similar concept, much larger scale • The Magee-1 gas well flowed at 6·2% Helium in the past • Many other
Slide 24: Monetising Gas & Helium
Raw Gas Input | Steel Road j Tanker = i hia To Power Generation, LPG markets, ane, > o— voll — EOR, DME production Field Site | LNG LNG Container Container LNG Production —e—_——2—- To Market Field Site On Road On Rail | Compressed LHe : Gas Contain ; Gaseous Helium Container Container Separation Ms
Slide 25: Significant Coal Intersections-Pedirka Basin
Significant Coal Intersections-Pedirka Basin
Slide 26: Proposed Coal Bore Locations
Proposed Coal Bore Locations Showing Near Top Permian Contouring (Depth Below Sea Level) GL c. 100m AMSL I I T T Legend > [1 ctP Mining Act Tenements and Applications | a CTP Petroleum Act Permits and Applications: @ Proposed Coal Bore Locations © Coal intersected ra , BLUEBUSH 1 2s e + BRA 2) a {<é
Slide 27: Coal-CSG-UCG-GTL pre 2009/10 drilling, possible upgrades
Coal-CSG-UCG-GTL -pre 2009/10 drilling, possible upgrades Merin Energy Pty Ltd Petroleum Tenements* Low High (wholly owned CTP subsidiary) Billion tonnes Billion tonnes Tonnes coal above 1000m contour 1,110 1,385 Tonnes coal below 1000m contour 690 865 1,800 2,250 Merlin Coal Pty Ltd Mineral Tenemen
Slide 28: Coal Quality and Monetisation Potential
Coal Quality and Monetisation Potential Background to date • Specific Energy 5 - 6,000 kcals/kg, or 20 - 25 GJ/tonne • > 600 Billion tonnes 1-1,000m - UG and open cut potential • Ash 8-19% (average 11%) • Moisture (air dried) 8-19% (av. 14%) • Single seams up to 35m in thickness • Mining costs $30-$
Slide 29: Coal Export
Coal Export Coal to Market-(massive scale needed) • Transport coal from Pedirka Basin to Port Darwin NT or Port Bonython SA, $45-75/tonne gross estimate • Rail loop link required to the Pedirka Basin from main N-S rail line $0·5 Bn? Or build a coal-slurry pipeline to Alice Springs $0·4 Bn? • Benefic
Slide 30: Potential Coal-to-Liquids Production
Potential Coal-to-Liquids Production JORC “Exploration Target” Pedirka Basin > 600 Billion tonnes < 1,000m * * Coal tonnages viable “Exploration Target”-AusIMM – the potential quantity and grade of the coal is conceptual in nature, there has been insufficient exploration to define a Mineral Resource
Slide 31: Potential CTL c.200,000 bbl/day c.$14 Bn + infrastructure
Potential CTL c.200,000 bbl/day c.$14 Bn + infrastructure The Estimated Production of F-T product for : • feed of 25 million tonnes pa of Pedirka Coal 24 GJ/tonne • 330 days pa • naphtha cut at 1920 C LPG bbl/d 7,500 2.5 MMbbls pa naphtha bbl/d 45,000 15 MMbbls pa distillates bbl/d 140,000 46 MMbbls
Slide 32: Central Petroleum Limited Developing Australia's Petroleum Centre
Central Petroleum Limited Developing RevitalisingAustralia’s Petroleum Australia’s Hydrocarbon Centre Centre Central Petroleum Limited MD John Heugh +61(0) 8 9474 1444 johnheugh@centralpetroleum.com.au MD John Heugh +61 8 9474 1444 johnheugh@centralpetroleum.com.au www.centralpetroleum.com.au
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