NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Shareholder Meeting (May 2016)
12 slides from NGE Capital's shareholder meeting presentation, May 24, 2016
Slide 1: Annual General Meeting Chairman's Presentation
For personal use only New Guinea Energy Limited Annual General Meeting 24 May 2016 Chairman’s Presentation
Slide 2: Disclaimer
Disclaimer For personal use only The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of New Guinea Energy Ltd and or its various business activities. While management has taken every effort to ensure the accuracy of the mate
Slide 3: Company overview
Company overview For personal use only NGE share price performance New Guinea Energy Limited (NGE or 3.00 Company) is a junior oil and gas company +44% listed on the ASX. 2.50 2.00 Market data (as at 23 May 2016) 1.50 Share price (¢) 2.3 1.00 Shares outstanding (M) 845.0 0.50 Market cap ($M) 19.4 Ne
Slide 4: Strategy
Strategy For personal use only Control costs and preserve cash balance for investment Reduction in overheads and downsizing of the business against the backdrop of a low prevailing oil price environment. Invest cash balance wisely Aim to generate strong risk-adjusted returns from our investm
Slide 5: Cost control and cash preservation
Cost control and cash preservation For personal use only Ongoing cost Lowered corporate overheads by reducing the number of employees in Australia control and PNG, relocating the Port Moresby office to cheaper premises, closing the Brisbane and Sydney offices, terminating the Port Moresby accomm
Slide 6: Invest cash wisely
Invest cash wisely For personal use only Circa A$19.7M in cash and listed equities, with no debt • Cash of A$12.3M, PGK8.0M and US$0.2M. • Investment in listed equities currently valued at ~$3.7M. Investment opportunities • Strategy to invest in attractive investment opportunities aimed at max
Slide 7: Karoon investment
Karoon investment For personal use only Investment summary KAR share price performance (since Jan-14) On 15 April 2016 NGE made a $3.55M investment in 5.00 10,000 Karoon Gas Australia Limited (ASX:KAR) at $1.325 per share. 4.50 9,000 4.00 8,000 Investment made at a significant discount to curr
Slide 8: Contingent payments and royalties from PNG licenses
Contingent payments and royalties from PNG licenses For personal use only PPL 269: Santos US$8M contingent payment PPL 277: Exxon Mobil / Oil Search US$20M contingent payment PPL 266: + uncapped royalty NGE 100% Held licenses PPL 267: NGE 100% Sold licenses 8
Slide 9: PPL 269: Upside potential
PPL 269: Upside potential For personal use only Following the sale of a 50% interest in PPL 269 to a subsidiary of Santos Limited for a Summary of consideration of US$32M cash upfront, NGE is additionally entitled to the following contingent contingent payments: payments • Future cash payment of
Slide 10: PPL 277: Upside potential
PPL 277: Upside potential For personal use only Summary of Following the sale of its 100% interest in PPL 277 to Esso PNG Exploration contingent Ltd, a subsidiary of Exxon Mobil, and Oil Search (PNG) Limited for a payments and US$15M upfront cash payment, NGE may become entitled to additional ro
Slide 11: Summary
Summary For personal use only Simplified business Clear strategy Positioned for future growth Focused on shareholder returns 11
Slide 12: Contact details
Contact details For personal use only David Lamm Executive Chairman New Guinea Energy Limited P: +61 3 9692 7222 E: office@ngenergy.com.au www.ngenergy.com.au ACN: 112 618 238 12