NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (May 2012)
24 slides from NGE Capital's investor presentation, May 2, 2012
Slide 1: May 2012
For personal use only May 2012
Slide 2: Disclaimer
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 material in the presentation, the pre
Slide 3: Index
INDEX For personal use only I PNG – WORLD CLASS E&P DESTINATION II NEW GUINEA ENERGY CORPORATE OVERVIEW, ASSETS AND EXPLORATION PROGRAMS 3
Slide 4: PNG – World Class E&P Destination
For personal use only I PNG – WORLD CLASS E&P DESTINATION 4
Slide 5: PNG – World Class E&P Destination
PNG – WORLD CLASS E&P DESTINATION For personal use only Government • Independence in 1975, pro-development • Constitutional parliamentary democracy • Excellent fiscal terms, ranked 8th in the world Close Historical Ties with Australia LNG Exports from 2014 • Australia is PNG’s largest g aid donor;;
Slide 6: PNG Oil & Gas Industry Participants
PNG OIL & GAS INDUSTRY PARTICIPANTS For personal use only Chinese Petroleum Co 6
Slide 7: Overview of PNG Plays
OVERVIEW OF PNG PLAYS For personal use only 2 Tf 2+Tcf 10+Tcf 9Tcf Gas/LNG Reserves discoveries Oil/Condensate 1Tcf 7
Slide 8: Overview of PNG Plays
OVERVIEW OF PNG PLAYS For personal use only 2Tcf 50+mmbbl 2.7Tcf 0.5Tcf 1.2Tcf 8mmbbl 6.7Tcf 0.8Tcf 44mmbbl 25mmbbl 75mmbbl 227mmbbl 80mmbbl 0.8Tcf 31mmbbl 9 1Tcf 9.1Tcf Gas/LNG 0.7Tcf 120mmbbl Reserves discoveries Talisman led InterOil led Oil/Condensate Exxon led PNG LNG 1Tcf 8
Slide 9: Western Province LNG Concept
WESTERN PROVINCE LNG CONCEPT1 For personal use only Gas Gathering System • 2 Onshore aggregation hubs • A common element for all the development options is the development of the gas gathering facilities and network • Consists of an onshore system that is a network of flow lines, pipelines compressi
Slide 10: New Guinea Energy Corporate Overview, Assets and Exploration Programs
For personal use only II NEW GUINEA ENERGY CORPORATE OVERVIEW, ASSETS AND EXPLORATION PROGRAMS 10
Slide 11: New Guinea Energy Corporate Overview
NEW GUINEA ENERGY CORPORATE OVERVIEW High Potential Exploration Portfolio For personal use only • First mover advantage on Western Province acreage • 6 onshore licences, 44800km2 (11M acres)1, 50-100% interest • Balanced portfolio of both oil and gas prospects with >8500mmboe 8500mmboe unrisked PIIP
Slide 12: Capital Structure
CAPITAL STRUCTURE For personal use only T di St Trading Statistics ti ti ASX Code: NGE April 2012 OTCQX Code: NGELY Last $0.062 # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) High $0.071 Market Cap: A$53 million at $0.062 $0 062 Low $0.049 Highest Daily 13,784,113 Options: Volume (20/04/12) 2,00
Slide 13: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE For personal use only MANAGEMENT BOARD Grant Worner - Chief Executive Officer Michael Arnett - Executive Chairman A lawyer with over 20 years’ experience in capital raising and M&A in the A chemical engineer who spent 22 years with BP in E&P, Tr
Slide 14: Exploration Portfolio
EXPLORATION PORTFOLIO For personal use only • 6 onshore licences, 44800km2, 50-100% interest • Balanced portfolio of both oil and gas prospects • >8500mmboe 8500mmboe unrisked PIIPI 1Q 2012 transactions value NGE’s equity in just 3 licences at more than $120M Predominantly Oil Plays Predominantly Ga
Slide 15: Impending Growth Catalysts
IMPENDING GROWTH CATALYSTS 1st Half 2012 For personal use only • PPL265 seismic acquisition • PRL3 P’nyang Appraisal Well (Regional activity) • PPL266 seismic acquisition • PRL21 Elevala Appraisal Well (Regional activity) • New drilling rig in PNG • PRL21 Ketu Appraisal Wells (Regional activity) • P
Slide 16: PPL277 – Sale and Royalty
PPL 277 – SALE AND ROYALTY For personal use only PPL 277 Context • Licence covering 8,022km2 in the mountainous PNG Highlands parallel to PNG LNG infrastructure • Highly g y prospective p p with potentially p y 10,000Bcf , PIIP1 but veryy expensive, p , even for PNG standards • Exploration involves
Slide 17: PPL 2012 Activity
PPL 277 2012 ACTIVITY • PRL11 Trapia exploration well in 1H12 by ExxonMobil and Oil Search For personal use only • Seismic acquisition • Gain government approvals for work obligation variation and licence extension Proposed 18km Seismic Line PRL11 PRL11 PPL277 Trapia‐1 Rig Pad Location (Proposed) PN
Slide 18: 2000mmboe unrisked PIIP
2000mmboe unrisked PIIP1 PPL 269 4 prospects and 30+ leads Predominantlyy a ggas play p y For personal use only A il 2012 – potential April t ti l 650 650m gas column l NGE Activity • Regional seismic acquired in 2011 • Siphon-1 Exploration well drilled as technical success but uncommercial. Plugged
Slide 19: >200mmboe unrisked PIIP
>200mmboe unrisked PIIP1 PPL 268 9 leads Southern margin g of Cecilia Trough g gas g kitchen For personal use only April 2012 – 50m gas column Predominantly a gas play Jan 2012 – 50m gas column NGE Activity • Regional seismic acquired in 2011 • Seismic in 1H12 to identify drill location • Planned dr
Slide 20: 550mmboe unrisked PIIP
550mmboe unrisked PIIP1 PPL 266 1 drillable prospect and 13 leads Predominantly a gas play For personal use only NGE Activity • Regional aerogravity data suggests likely hydrocarbon migration pathways into PPL266 • Seismic in 1H12 to identify drill location • Planned drilling in 2012II PPL 235 Regio
Slide 21: >2000mmboe unrisked PIIP
>2000mmboe unrisked PIIP1 PPL 265 14 leads Predominantly an oil play For personal use only NGE Activity • 2009 aerogravity and magnetics survey • 100km seismic to identify drill location • Planned drilling in 2012II Regional Activity • Proximity to potential LNG route Modelled Morehead Graben oil ki
Slide 22: 1700mmboe unrisked PIIP
1700mmboe unrisked PIIP1 PPL 267 10 leads 35 API oil from seep identifies oil play in foreland For personal use only Predominantly an oil play NGE Activity • 2006 and 2008 seismic acquired over Panakawa Prospect with surface seep flowing at 5 bbls/day • Well spudded in June 2010 and was plugged and
Slide 23: Drilling Rig
DRILLING RIG For personal use only Drilling Rig Context • Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone • Few (< 5) suitable, suitable available drilling rigs in PNG • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a f
Slide 24: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS For personal use only Sydney S d Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401 Level 5 Level 4 Pacific MMI Building 2-10 Loftus St Champion Parade Sydney NSW 2000 Port Moresby PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 ((0)) 2 9252 0039