Central Petroleum Limited · ASX:CTP
Central Petroleum — Eastern Australia's Energy Markets Outlook 2015
11 slides from Central Petroleum's conference presentation, Sep 16, 2015
Slide 1: The Global Outlook for Gas Supply and Domestic Gas Implication
For personal use only THE GLOBAL OUTLOOK FOR GAS SUPPLY AND DOMESTIC GAS IMPLICATION Eastern Australia's Energy Markets Outlook 2015 Sydney Central Petroleum Limited ASX:CTP
Slide 2: Disclaimer
Disclaimer For personal use only 1. 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 (“Company”). This presentation does not attempt to produ
Slide 3: Global Outlook
Global Outlook For personal use only • Global Oil – production up 2 million bbls/day but demand around 1 million bbls/day. • Global Gas – production grew by 5 BCF/day demand 1.2 BCF/day. • NOTE DEMAND is still growing but over-supply caused by US shale revolution • Prices have dropped to marginal co
Slide 4: Domestic Gas Implications
Domestic Gas Implications For personal use only • All 6 trains at Gladstone either completed or over 90% complete • A single train approximates NSW consumption • Proponents state that they make a return (albeit small) at US $45/bbl • All need to service capital so marginal economics rule • All need
Slide 5: Domestic Gas Implications
Domestic Gas Implications For personal use only • Domestic demand growing at greater than AEMO forecast (about 10% or 40PJ pa) • Exploration at record low • Production costs at historical fields escalating • Only 27% of NSW demand is electricity related • Nearly 50% of NSW demand is industrial for w
Slide 6: Domestic Gas Implications
Domestic Gas Implications For personal use only • Even hospital waste needs gas • Industrial consumers are “export exposed” (import replacement) so dramatic drop in $A is beneficial and not influenced by LNG economics directly as gas is only a portion of their production • THE COUNTRY NEEDS NEW SOUR
Slide 7: Where we are
Where we are For personal use only • Activists trying to prevent future supplies by banning fraccing. • Fraccing has been used since 1948. • About half of the world’s gas supply comes from fracced sources. • Numerous scientific enquiries state fraccing under appropriate regulation is not a risk. At
Slide 8: The Answer, My Friend, is NEGI
The Answer, My Friend, is NEGI For personal use only • Mereenie is the largest onshore oil and gas structure ever discovered in Australia. • Central acquires 50% interest in Mereenie. • Mereenie has 5 producing zones, only 1 of which is oil. • 3 of these zones require more appraisal/development. • B
Slide 9: NEGI is the answer
NEGI is the answer For personal use only • Central aims to supply 100 TJ/day from at or near Mereenie, Palm Valley and Dingo and surrounds by 2018-19 • Presently the company has 230 PJ of uncontracted reserves for NEGI but it aims to increase this to over 300PJ by Financial Investment Decision (FID)
Slide 10: All Politics Are Local
All Politics Are Local For personal use only Our Employment Philosophy 1. Family values for working families. 2. Northern Territory for Northern Territorians. 3. Traditional Values for Traditional Owners. 9
Slide 11: Contact Us
© 2015. All rights reserved. Central Petroleum Limited | ABN 72 083 254 308 | centralpetroleum.com.au Contact Us For personal use only Richard Cottee Managing Director Ph: +61 (0) 7 3181 3800 | Fx: +61 (0) 7 3181 3855 Level 32, 400 George Street, Brisbane, Queensland 4000, Australia PO Box 12214, Ge
Central Petroleum — Eastern Australia's Energy Markets Outlook 2015 on 6ix