Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — NWR Resources Lunch Series (May 2023)
23 slides from Cue Energy Resources's conference presentation, May 2, 2023
Slide 1: Cue Energy - NWR Resources Lunch Series
Cue Energy NWR Resources Lunch Series 2 May 2023 CUE ENERGY RESOURCES LIMITED ASX:CUE
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices Various statements in this document may constitute statements relating to intentions, opinion, expectations, present and future operations, possible future events and future financial prospects. Such statements are not statements of fact, and are generally classified
Slide 3: Company Overview
Company Overview Oil and Gas production from a diverse portfolio of revenue producing projects Existing Australian and Indonesian assets that offer production upside and exploration potential • Scale change in FY22 through organic growth and acquisition (3QFY23 Total Production of 155.2 kboe) • St
Slide 4: Leadership and Capital
Leadership and Capital Driving profitable production growth and improved financial performance for Cue Market Alastair McGregor Matthew Boyall Non-Executive Chairman CEO BEng from Imperial College, London and an MSc from Cranfield University in the Bachelor degrees in Geomatics and Science and MBA f
Slide 5: Major Shareholders Aligned for Success
Major Shareholders Aligned for Success Global investors in traditional and new energy projects Cue Shareholdings 50.04% ~16% ASX: NZO NZX: NZO 71.7% 100% ~34% Other shareholders O.G. Energy is the energy arm of Ofer Global, a private portfolio of PetroChina is one of the major oil and gas produc
Slide 6: Diversified Oil & Gas Production Base
Diversified Oil & Gas Production Base Existing Australian and Indonesian assets that offer production upside and exploration potential Jakarta Office Mereenie/Palm Valley/Dingo Mahato PSC Interest 7.5 – 15% Interest 12.5% Onshore gas and oil production Onshore oil production Sampang PSC Interest 15%
Slide 7: Poised for Continued Production Growth
Poised for Continued Production Growth Cue’s transformation and growth in FY22 FY22 Production by Country Net Production Australia Barrels of oil equivalent (boe) 700,000 30% Indonesia 57% 600,000 500,000 New Zealand 13% 400,000 FY22 Production by Product 300,000 Oil & Condensate 200,000 35% Gas 100
Slide 8: Continued Strong Operating Revenue and Cashflow
Continued Strong Operating Revenue and Cashflow Attaining profitable growth through asset acquisition and development drilling Strong 1H FY2023 Results Profit after Tax Revenue EBITDAX $6.8 million $24.1 million $15.7 million Six Monthly Operating Revenue A$ million 30 25 20 15 10 5 Dec 2022 NZ reve
Slide 9: Continued High Levels of Activity Projected for 2023
Continued High Levels of Activity Projected for 2023 Participation in up to 9 development wells and one exploration well this year High Activity levels planned to continue in 2023 to support production growth at three Cue assets: Participation in up to 9 development wells in Australia and Indonesi
Slide 10: PB Field wells and PB drilling – Mahato PSC
NWR Resources Lunch 2 May 2023 PB Field wells and PB drilling– Mahato PSC Oilfield Production Facility Texcal
Slide 11: Mahato PSC, Indonesia
Mahato PSC, Indonesia Onshore oil production with high cashflow generation • Low cost, onshore oil production in Central Sumatra, Indonesia • Discovered in 2019 by PB-01 exploration well • Large resource with estimated 92.8 million barrels of Oil in Place and 20.9 million barrels of gross recoverabl
Slide 12: BA-01 Exploration Well
BA-01 Exploration Well Upcoming high-impact exploration • Mahato PSC covers a large area and sits in a very rich oil region, with multiple drilling targets identified • BA-01 exploration well is expected to commence during the current quarter, subject to final environmental clearances • 2,800ft tota
Slide 13: Grati Gas Processing plant - Sampang PSC
NWR Resources Lunch 2 May 2023 Grati Gas Processing plant - Sampang PSC
Slide 14: Sampang PSC, Indonesia
Sampang PSC, Indonesia Offshore gas production powering East Java • Oyong and Wortel: Two offshore gas fields generating $2.6 million cash receipts in 3QFY23 • Sale of produced gas on long-term fixed price contract to Indonesia Power for Grati Combined- Cycle Power Plant • Sampang gas reduces depend
Slide 15: Sampang PSC Growth
Sampang PSC Growth Expected 2025 new gas production Paus Biru gas field • Paus Biru gas field was discovered December 2018 by the Paus Biru-1 exploration well • 45 billion cubic feet (bcf) gas gross Contingent Resource (6.7 bcf net to Cue1) • Plan of Development (POD) approved by the Indonesian Gove
Slide 16: PV-12 drilling – Amadeus Basin
NWR Resources Lunch 2 May 2023 PV-12 drilling – Amadeus Basin
Slide 17: Mereenie, Palm Valley and Dingo gas fields
Mereenie, Palm Valley and Dingo gas fields Gas Production for the Northern Territory and Eastern Australia • Northern Territory’s only onshore gas production fields • Current production stands at ~45 Tj/d (100%) with long field lives • Supporting Australian energy requirements through a mix of fixed
Slide 18: Mereenie Field Development
Mereenie Field Development 5 Well Recompletions and 2 New Development Wells to increase gas production Production well recompletions • A 5 well recompletion campaign started late April, expected to take approximately 6 weeks • Aim is to perforate existing wells in the known Pacoota P1 gas productive
Slide 19: Project Overview Amadeus Basin
PROJECT OVERVIEW AMADEUS BASIN NWR Resources Lunch 2 May 2023 PV-12 drilling – Amadeus Basin
Slide 20: Maari Oilfield, New Zealand
Maari Oilfield, New Zealand Value adding production optimisation and cost reduction projects under JV assessment • Current oil production of ~4,000 barrels of oil per day (bopd) from 6 wells • Two wells currently offline • MN1 repairs almost complete. Oil production expected to resume during June qu
Slide 21: Sustainability
Sustainability Cue Climate Change policy and Taskforce on Climate-related Financial Disclosure (TCFD) reporting available at www.cuenrg.com Joint Venture operations are engaged in emissions reduction initiatives supported by Cue Ensuring affordable and reliable energy is crucial to improve living st
Slide 22: Investment Highlights
Investment Highlights Production Growth, Free Cash Flow, & New Ventures with the backing of a skilled board and supportive shareholders Existing Australian and Capacity to pursue a diversified Indonesian assets that offer growth strategy to create value production upside and for shareholders explora
Slide 23: Level 3, 10 Queen Street, Melbourne
Level 3, 10 Queen Street, Melbourne, Victoria, AUSTRALIA 3000 (+61) 3 8610 4000 (+61) 3 9614 2142 mail@cuenrg.com.au WWW.CUENRG.COM.AU NWR Resources Lunch 2 May 2023 Wortel WHP Medco Energi
Cue Energy Resources — NWR Resources Lunch Series (May 2023) on 6ix