Coro Energy Plc · LSE:CORO
Coro Energy — Investor Presentation (2020)
14 slides from Coro Energy's investor presentation, 2020
Slide 1: Coro Energy Plc Investor Presentation Q3 2020
Q3 2020 CORO ENERGY PLC CORO ENERGY PLC INVESTOR PRESENTATION Q3 INVESTOR PRESENTATION Q3
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) has been prepared by Coro Energy plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers giv
Slide 3: A Full Cycle South East Asian Focussed E&P Company
A FULL CYCLE SOUTH EAST ASIAN FOCUSSED E&P COMPANY Regional gas & oil Well positioned to navigate SHAREHOLDERS strategy backed by: challenging markets CORO ENERGY PLC INVESTOR PRESENTATION Q3 Supply/demand imbalance $4.5m (unaudited) cash on hand at 31 March 2020 Strong local gas markets 7% 4% PSC i
Slide 4: Board of Directors
BOARD OF DIRECTORS James Parsons Andrew Dennan Non-Executive Chairman Non-Executive Director Executive Chairman Ascent Resources Plc, Executive CEO Ascent Resources Plc CORO ENERGY PLC INVESTOR PRESENTATION Q3 Chairman Regency Mines Plc, Non- executive Chairman Over 10 years’ experience in capital m
Slide 5: Why South East Asia? Increasing Demand
WHY SOUTH EAST ASIA? INCREASING DEMAND SOUTH EAST ASIA AND EUROPE IN COMPARISON CORO ENERGY PLC INVESTOR PRESENTATION Q3 SE Asia Europe POPULATION 1.0% GROWTH -0.3% GDP 4-6% GROWTH* 0-1.5% ENERGY 4.0% DEMAND GROWTH** -0.3% *AVERAGE ANNUAL GROWTH 2020/2021 WHY SOUTH **AVERAGE ANNUAL GROWTH UNTIL 2040
Slide 6: Why South East Asia? While Supply Is Falling
WHY SOUTH EAST ASIA? WHILE SUPPLY IS FALLING Indigenous supply in decline as demand grows; future output increasingly dominated by gas CORO ENERGY PLC INVESTOR PRESENTATION Q3 SUPPLY BY REGION SUPPLY BY HYDROCARBON 8 18 7 16 14 6 MILLION BOE/D MILLION BOE/D 12 5 10 GAS 4 8 3 6 2 4 LIQUID 1 2 0 0 WHY
Slide 7: Why South East Asia? Undeveloped Resource in Asia Pacific
WHY SOUTH EAST ASIA? Asia Pacific holds 70 billion boe of discovered but undeveloped resource WATER DEPTH RESOURCE THEME OPERATOR CORO ENERGY PLC INVESTOR PRESENTATION Q3 ONSHORE SHELF CONVENTIONAL DEEPWATER NOCS MAJORS DEEPWATER ULTRA- LNG UNCONVENTIONAL LARGE & OTHERS DEEPWATER MID CAPS ACID/SOUR
Slide 8: Mako Gas Field, Duyung PSC: Hiding in Plain Sight
MAKO GAS FIELD, DUYUNG PSC HIDING IN PLAIN SIGHT TENGIRI-1 Biogenic gas accumulation located in the prolific West Natuna basin TAMBAK-1 CORO ENERGY PLC INVESTOR PRESENTATION Q3 Shallow, Pliocene-age Intra-Muda sandstone reservoir, with gas water contact at c. 391m TVDss MAKO SOUTH-1 Six wells have p
Slide 9: Appraisal Campaign Success
APPRAISAL CAMPAIGN SUCCESS CORO ENERGY PLC INVESTOR PRESENTATION Q3 Mako Field = Large, Single Gas Tank Extensive High Quality Reservoir Distributed Over Huge Areal Extent Excellent Porosity, Multidarcy Permeability Sweet, Dry Natural Gas, >97% Methane Multiple Successful DSTs 276Bcf (2C), 392Bcf (3
Slide 10: Mako Appraisal Wells: Adding c.217 Bcf Contingent Resources
MAKO APPRAISAL WELLS: ADDING c.217 BCF CONTINGENT RESOURCES WELL LOGS FLATTENED ON INTRA-MUDA SANDSTONE RESERVOIR CORO ENERGY PLC INVESTOR PRESENTATION Q3 MAKO APPRAISAL WELLS 10
Slide 11: WNTS Gas Pipeline: Access to Singapore Gas Market
WNTS (WEST NATUNA TRANSPORT SYSTEM) GAS PIPELINE TO SINAGPORE ACCESS TO SINGAPORE GAS MARKET 16 km from Kerisi platform CORO ENERGY PLC INVESTOR PRESENTATION Q3 (Medco-operated) Can hook into West Natuna Transportation System (WNTS), delivers gas to MAKO FIELD LOCATION IN COMPARISON TO Singapore SIN
Slide 12: Malaysia Block 2A: Multi TCF Potential
MALAYSIA BLOCK 2A — MULTI TCF POTENTIAL Joint Study agreement with Situated in Eastern Malaysia – High quality 3D seismic data and National Oil company (Petronas) block covers an area of regional well data to be used by 2,400km2 Coro to assess petroleum potential CORO ENERGY PLC INVESTOR PRESENTATIO
Slide 13: Giant Structures with Multi TCF Resource Potential
M.Madonetal./JournalofAsianEarthSciences76(2013)312–333 NW NW NORTHERN LUCONIA PLATFORM SE SE 0 GIANT STRUCTURES 1 EARLY MIOCENE UNCONFORMITY WITH MULTI 2 TCF RESOURCE 3 POTENTIAL WITHIN 4 THE STUDY AREA SECONDS TWT 5 5 6 CORO ENERGY PLC INVESTOR PRESENTATION Q3 6 Over 2,900 sq km of modern, 7 high
Slide 14: CORO ENERGY PLC INVESTOR PRESENTATION Q3
CORO ENERGY PLC INVESTOR PRESENTATION Q3 14