Lion Energy Limited · ASX:LIO
Lion Energy — Good Oil Conference 2015
16 slides from Lion Energy's conference presentation, Sep 2, 2015
Slide 1: A New Approach to Asian Energy
RIGHT COMPANY For personal use only RIGHT TIME RIGHT PLACE Kim Morrison CEO, Lion Energy Good Oil Conference 2 September 2015 A New Approach to Asian Energy A New Approach to Asian Energy www.lionenergy.com.au September 2015
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only Forward-looking statements Certain statements contained in this presentation, including information as to the future financial or operating performance of Lion and its projects are forward-looking statements. Such forward-looking statements: • sh
Slide 3: Important notice and disclaimer (cont.)
Important notice and disclaimer (cont.) For personal use only Reserves & Resources, 1 Jan 2015 Gas/Associated Gas (bcf) Oil/Condensate (mmbbl) Method (Recoverable, net to Lion)1 Reserves 1P 2P 3P 1P 2P 3P Total Reserves (Seram) 0.119 0.173 0.241 Deterministic Contingent Resources 1C 2C 3C 1C 2C 3C T
Slide 4: Lion's positioning in Indonesia
For personal use only Lion’s positioning in Conventional cashflow Indonesia Skills, strategy and unique ability to execute in energy hungry, dynamic country Unconventional Local knowledge, upside relationships and skills A New Approach to Asian Energy www.lionenergy.com.au September 2015 4
Slide 5: Key Guiding Principles
For personal use only Key Guiding Principles We seek 1. Heartland positions in world-class 4. Close proximity to infrastructure and basins of Indonesia robust markets with accessible 2. Low risk conventional assets with terrain near term production potential 5. High working interest, operatorship 3.
Slide 6: What we are now
What we are now Prudent growth strategy For personal use only Capital structure • Shares on issue: 96m • Market cap @14c: A$13.4 million • Cash: US$3.5mil (30/6/2015) Major shareholders: • Risco Energy Investments (54.7%) • Tower Energy (6.6%) • Management (13.5%) Assets: • Seram PSC (2.5%) - produc
Slide 7: Delivering on our promises
Delivering on our promises Major discovery, Seram production boost, unconventional joint studies For personal use only • Lofin-2 success, material gas discovery for Lion • Strong production from Oseil field – 3400 bopd (85 bopd net) vs 3000 bopd last year • Progress on unconventional strategy – Two
Slide 8: Seram (Non-Bula) PSC Overview
Seram (Non-Bula) PSC Overview Block continues to exceed expectations For personal use only • Production ~3400 bopd (85 bopd net), Map of Seram (Non-Bula) PSC Increase to >4000 bopd planned Lion 2.5% CITIC (operator) 51%, • Last well Oseil-27 (completed May Kufpec 30% Gulf Petroleum 16.5% 2015) produ
Slide 9: Lofin-2 Success
Lofin-2 Success Material gas discovery for Lion For personal use only • Appraisal of 2012 Lofin discovery, test HC Lofin Structure Schematic Section column extent in fractured Manusela Fm limestone • Reached total depth of 5861m MD • Gas test at up to 17.8 mmcfgd on 52/64” choke (2250 psi flowing pr
Slide 10: South Block A PSC (35%)
South Block A PSC (35%) Exciting block (1894km2) in prolific basin with strong gas demand, new pipeline through block For personal use only • High ranked prospects firmed by Map of South Block A PSC, key prospects 2014 seismic program – Jerneh: company maker gas/ condensate prospect (P90 64 P50 223
Slide 11: Lion Unconventional Update
Lion Unconventional Update Unconventional (shale/tight HC’s) joint studies being conducted in North & Central Sumatra For personal use only • Government improving unconventional terms • North Sumatra (Lion 55%) Joint study with Padjadjaran University in Bandung • Field trip complete, over 300 surfac
Slide 12: Indonesia's Prolific Onshore Basins
Indonesia’s Prolific Onshore Basin 5 basins in top 15 in region by discovered onshore conventional HC’s North & Central Sumatra highest hydrocarbon density (disc. HC’s per km 2) For personal use only Asia-Pacific top15 onshore basins, ranked by discovered hydrocarbons Source: IHSE, various In theUS
Slide 13: The unconventional acreage build
The unconventional acreage build Targeting 2 million plus net acres in prolific Sumatran basins Early days but assessments point to multi-tcf gas/multi-100’s mmbbl oil upside For personal use only Lion’s unconventional acreage growth staircase US unconventional company examples 2.5 Net Proved reserv
Slide 14: Lion Opportunity Funnel – New Business
Lion Opportunity Funnel – New Business Opportunity rich environment, Lion actively pursuing new opportunities For personal use only New Venture Technical Review Negotiation / Final DD Exploration activities Screening Sign CA Submit Bid/Offer Sign Acreage Java KSO Board Approval C Sum 3 N Sum 2 East
Slide 15: Lion's unique value proposition
For personal use only Lion’s unique value proposition Linked conventional and unconventional growth model in energy hungry economy Strong growth driven management team Superior local knowledge and contacts Existing production, recent exciting discovery and world class prospects Strategy for success
Slide 16: Thank you
For personal use only Thank you For more information please contact: Kim Morrison Stuart Smith Chief Executive Officer Executive Director kmorrison@lionenergy.com.au ssmith@lionenergy.com.au Office: +61 8 9211 1500 Indonesia: +62 811 460 395 Mobile: +61 404 490 964 Singapore: +65 9820 3889 A New App