Central Petroleum Limited · ASX:CTP
Central Petroleum — Sydney Mining Club Luncheon 2017
10 slides from Central Petroleum's conference presentation, Dec 7, 2017
Slide 1: When Will We Ever Learn? The Answer Is Blowing in the Wind
SYDNEY MINING CLUB LUNCHEON 07/12/2017 For personal use only WHEN WILL WE EVER LEARN? THE ANSWER IS BLOWING IN THE WIND SYDNEY MINING CLUB PRESENTATION 7 DECEMBER 2017
Slide 2: Overview – Closing the East Coast Supply Gap
OVERVIEW – CLOSING THE EAST COAST SUPPLY GAP For personal use only • East Coast Gas supply remains short and uncertain from 2018, despite government intervention • Industrial demand shortfall • New gas supplies will take 5 years after exploration restrictions/moratoriums are lifted • Central has gas
Slide 3: ACCC Inquiry into the East Coast Gas Market - 2016
ACCC INQUIRY INTO THE EAST COAST GAS MARKET - 2016 For personal use only New Capital Investment Required Now Chart 1.1 Source: ACCC Inquiry into the East Coast Gas Market Report • Sufficient gas is available for existing domestic and LNG contracts through 2018 • Undeveloped supply needs to be brough
Slide 4: ACCC Inquiry into the East Coast Gas Market - 2016
ACCC INQUIRY INTO THE EAST COAST GAS MARKET - 2016 For personal use only New Capital Investment Required Now • The ACCC forecasts already include significant destruction in industrial energy customers and a significant pull back in gas generation • A gas supply shortfall will cut beyond what has alr
Slide 5: ACCC Gas Inquiry 2017-2020
ACCC GAS INQUIRY 2017-2020 Chart 2.4 – Forecast supply-demand balance in the East Coast Gas Market for 2018 (based on AEMO’s upper band For personal use only domestic demand. ∆ 383 PJ • The ACCC’s 2016 forecast for GPG demand of 80PJ in 2018 New Capital Investment has now increased to 203PJ Required
Slide 6: 2022 Hindsight
2022 HINDSIGHT For personal use only • Export restrictions on spot LNG where physical pain of shortfall occurs • To balance market requires gas industry to meet LNG train capacity plus domestic demand • ACCC requires that 383 PJ p.a. required before export capacity is satiated • LNG Market will bala
Slide 7: Central Perfectly Positioned
CENTRAL PERFECTLY POSITIONED For personal use only • In 2013, Central Petroleum publicly stated that one to two LNG trains too many were being built (annual demand 360-400 PJ) • 2014 bought Palm Valley and Dingo gas fields relatively stranded as no gas markets in the NT • 2015 bought 50% of Mereenie
Slide 8: TJ/d Case
50 TJ/d CASE Case 50 TJ/d For personal use only 60 Field Production TJ/day 50 40 30 20 10 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Plateaux extension Stairway Development Total Gas Rate 2017 Historic Production 8
Slide 9: Central Perfectly Positioned
CENTRAL PEFECTLY POSITIONED For personal use only • Drilling Programme at Mereenie and Palm Valley aimed at increasing 2P reserves from 126PJ to 400-500PJ with delivery 2022 as existing reserves decline • Pipeline reforms, if present NGP 569(4)(b) test extended to all pipelines in interconnector mar
Slide 10: Notice and Legal Disclaimer
NOTICE AND LEGAL DISCLAIMER To the maximum extent permitted by law: 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