Invictus Energy Limited · ASX:IVZ
Invictus Energy — Investor Presentation (December 2020)
24 slides from Invictus Energy's investor presentation, Dec 22, 2020
Slide 1: Cabora Bassa Project Overview – SG 4571 Zimbabwe
Invictus Energy Ltd (ASX: IVZ) Cabora Bassa Project Overview – SG 4571 Zimbabwe Investor Briefing and Webinar Presentation 22 December 2020 invictusenergy.com
Slide 2: Disclaimer
Disclaimer This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this document is not an offer of securities f
Slide 3: Summary
Summary Invictus Energy Ltd is an upstream E&P company (ASX: IVZ) focused on oil and gas in Sub Saharan Africa Invictus is the 80% owner and operator of the Cabora Bassa Project containing SG 4571 exploration licence in the Cabora Bassa Basin in northern Zimbabwe SG 4571 licence contains potentially
Slide 4: SG 4571 Asset Overview
SG 4571 Asset Overview Invictus is 80% owner and operator of SG 4571 in Cabora Bassa • Licence area covers 250,000 acres in most prospective part of basin • SG 4571 exploration licence renewed to 2023 (2nd term) • First term of work program completed to August 2020 • Updated PSA nearing finalisation
Slide 5: Company Overview
Company Overview Key Statistics – ASX: IVZ Shares Outstanding 461,758,343 Performance Shares 55,979,281 Positioned with strong register, significant Options (ex 6c, 9c & 12c) 44,000,000 director and management ownership with Directors, Management & Insiders 22.82% performance shares linked to milest
Slide 6: 2020 Review & Forward Plan
2020 Review & Forward Plan 2020 Snapshot of Achievements • Priority Project Status awarded • Technical Committee (IMC) established to review Production Sharing Agreement • Meetings and cultural ceremonies conducted with traditional leaders • Strategic Investor (Mangwana Capital) placement at 91% pre
Slide 7: Why Zimbabwe?
Why Zimbabwe? Overlooked jurisdiction for last 20 years due to political and economic instability New government is pro-business, promoting foreign investment and has implemented investor friendly reforms Mines Minister is a former resources industry executive that understands the needs of the resou
Slide 8: Early entry into new plays can yield massive rewards
Early entry into new plays can yield massive rewards Transformational success for junior explorers has come from frontier exploration • First movers generally secure the best acreage, best terms and most lucrative markets Company Play Opening Discovery HC Type Carnarvon Petroleum Dorado – Western Au
Slide 9: Mzarabani Prospect Schematic
Mzarabani Prospect Schematic • Single well in a huge stacked prospect to test gross 8 Tcf + 250 mmbbls • Additional mapped potential provides running room on success • Estimated well cost US$12 million (dry hole cost) Multiple cycles of lower Triassic • Largest, undrilled, seismically defined struct
Slide 10: Mzarabani Prospect – Massive Stacked Potential
Mzarabani Prospect – Massive Stacked Potential Top structure maps showing stacked, multi-target, 4-way dip anticline invictusenergy.com 10
Slide 11: SG 4571 Prospects and Leads Volumetrics
SG 4571 Prospects and Leads Volumetrics • Mzarabani – structural 4 way dip closure • Dande: 0.4 Tcf • Forest: 1.6 Tcf Mzarabani • Pebbly Arkose: 1.4 Tcf + 60 mmbbls • Upper Angwa: 4.4 Tcf + 181 mmbbls • Lower Angwa: 0.4 Tcf • Total: 8.2 Tcf + 247 mmbbls • Msasa – structural 4 way dip closure • Pebbl
Slide 12: Independent Prospective Resource Estimate
Independent Prospective Resource Estimate Elephant scale potential Total Prospective Resource of 9.25 Tcf + 294 million barrels# of conventional gas / condensate (gross mean unrisked) across SG 4571 in Mzarabani and Msasa prospects • Independently verified by Getech Group plc from 12 month study on
Slide 13: Southern Africa’s Energy Crisis
Southern Africa’s Energy Crisis Zimbabwe: Strategic Location • Southern Africa is facing an energy crisis with increasing shortages of electricity hampering industry and investment • Majority of power in the region is coal and hydroelectric • Southern African Power Pool (SAPP) established in 1993 en
Slide 14: Southern Africa Major Markets
Southern Africa Major Markets Multiple Markets & Monetisation Options Southern Africa Major Markets Gas to Power can be generated locally and excess exported to neighbouring countries through the Southern Africa Power Pool (SAPP). Huge electricity shortfall Power Gen in the region with >15,000 MW of
Slide 15: Southern Africa Monetisation Routes
Southern Africa Monetisation Routes Multiple Routes to Market SG 4571 Southern Africa Monetisation Routes 1 Gas Pipeline - twin Harare-Beira liquids pipeline (800km) and connect to Tanzania Dar es Salaam ROMPCO pipeline feeding Sasol Gas lines in Gauteng and industry. DRC Existing easement and right
Slide 16: Domestic and Regional Gas Market Overview
Domestic and Regional Gas Market Overview ROVUMA OFFSHORE PANDE-TEMANE GAS PRODUCTION PROFILE 170 Tcf GAS 500 Pande-Temane Gas Rate MARKET POTENTIAL 2 Gas Production Rate 400 SG 4571 POTENTIAL# Customer Use 3 ROMPCO (mmscf/d) 9.25 Tcf GAS 300 pipeline A Sable Chemicals Fertiliser 294 MMbbl Cond ulla
Slide 17: Summary
Summary Giant scale potential identified within SG 4571 in Cabora Bassa with multiple play types providing running room on success – first mover advantage Gas Sale MOU secured with blue chip customer which will underpin development and monetisation of even a modest discovery Strategically positioned
Slide 18: Appendix
Appendix invictusenergy.com
Slide 19: Directors and Management
Directors and Management Dr. Stuart Lake – Non-Executive Chairman Dr Lake has over 34 years of global experience in the Petroleum industry and significant expertise, having operated assets in 20 countries worldwide, including in over ten African countries. He brings a combination of in-depth technic
Slide 20: Regional Supply/Demand Balance – Power Africa Study
Regional Supply/Demand Balance – Power Africa Study Mozambique sitting on vast gas surplus, however: • Long distance to market > 2,600km • Equivalent to touted West-East Australia pipeline distance Botswana & Namibia • LNG volumes committed > 2030 • Relatively low demand • Controlled by large IOCs u
Slide 21: South Africa’s Gas Supply Crisis
South Africa’s Gas Supply Crisis Pande-Temane: Supplies 85% of South Africa’s Gas Mossel Bay FA Complex: Supplies 15% of South Africa’s Gas Decline Commences 2023 Depleted by December 2020 Mining Weekly 18 Sept 2019 Africa Oil and Power 9 Sept 2019 Petroleum Economist 18 October 2018 invictusenergy.
Slide 22: Sable Chemical Gas Sale MOU
Sable Chemical Gas Sale MOU • Gas Sale MOU with Sable Chemicals signed May 2019 • Sable Chemicals is sole manufacturer of ammonium nitrate fertiliser in Zimbabwe and has operated since 1966 • Supply up to 70 mmscf/d x 20 years • Total Contract ~510 billion cubic feet • Current ammonia feedstock impo
Slide 23: Tatanga Energy Gas Sale MOU
Tatanga Energy Gas Sale MOU • Gas Sale MOU with Tatanga Energy signed December 2019 • Tatanga Energy is an Independent Power Producer in Zimbabwe • Tatanga principals have extensive experience of gas to power projects in West Africa • Supply up to 100 mmscf/d x 20 years • Total Contract ~730Bcf • Ga
Slide 24: Contact Details
This presentation was approved for release by Scott Macmillan, Managing Director Contact Details Scott Macmillan info@invictusenergy.com +61 (8) 6102 5055 invictusenergy.com
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