Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Technical Presentation (September 2003)
35 slides from Pancontinental Energy Nl's technical presentation, Sep 26, 2003
Slide 1: Project Technical Overview
Project Technical Overview
Slide 2: Project Overview
Project Overview International Projects Have to meet certain critesi; Politically and fiscally favo untries. » The geological province arge commercial discoveries or has the potential fo | or trillion cubic feet gas fields. Have a strong local gional demand for oil or gas through a ready local marke
Slide 3: International Projects
International Projects w OTL FIELD: @ GAS FIELD MALTA BLOCKS KENYA BLOCKS PANCONTINENTAL INTERNATIONAL PERMITS RELATIVE TO NORTHWEST SHELF AREA 4 BLOCK 3
Slide 4: Malta
Slide 5: Mediterranean
MEDITERRANEAN lampedusa 3 TUNISIA Brora Miskar/ Jugurtha Korkennan TUNISIA, Lalig Saida West 1 a ”S gOHLY. Claimed by Libya Claimed by Tunisie: Oil pipeline Gas pipeline Oll field Gas field SELECTED FIELDS, FORMATION, HYDROCARBONS (FLOW AND RESERVES) GELA - Triassic, Jurassic , >425mmbbis,10°-16°API
Slide 6: Algeria and Tunisia
ALGERIA AND TUNISIA Muleiniuni Energy Atlas Peteildiaet Ecorsienist ALGERIA AND TUNISIA Plaie 38 ice e 6 . : | : oN eae pHa RETURN LEGEND
Slide 7: Pancontinental Malta Permits
PANCONTINENTAL MALTA PERMITS — “200000 oqu0om & angoguta 35 60 9B 28,60 Od Pe rad | | ale Sabb Wed REO OE DE 00 OE Wd WY ODE EoD OE 96 00,00. esn0ouMe 3 #8000 ae
Slide 8: Lalla Said West Tama
oF <> Lalla Said West 1 Tama 1 YEE 127 YREI-O13 YBEl*1 17 ae) seo 2300 7300 260170 4802400 2000 | 1900 1000 ot f I a ne f i f Top Messinion ee Bote
Slide 9: Area 4 Block 3 prospect
AREA 4 BLOCK 3 = «@ Prospect at Mid Eocene ; L ‘level. = 13°E 14°E
Slide 10: AP02 - Proposed Seismic Survey
AP02- PROPOSED SEISMIC SURVEY
Slide 11: Kenya
Slide 12: Kenya L6, L8 & L9 PSC's Signed August 2002
Kenya L6, L8 &L9 PSC's Signed August 2002.
Slide 13: Mes
Mes FH Ba ‘tibet ioe INDIAN OCEAN ame ~ rors 4
Slide 14: Kenya L6, L8 & L9 permits
Kenya L6, L8 &L9 permits. Weodside\DanaiGlebal ‘Shell /EP\Glogal onl Pancontinental Oil & Gas and Afrex Kenya Coastal Permits
Slide 15: Kenya Introduction
Kenya Introduction Afrex/Pancontinental hold 1/3 of Kenya offshore acreage in shallow to moderate water,depths (less than 1,000m). Multiple plays/leads of bi nd TCF size. Excellent frontier poten detailed seismic cove intage regional and local Four major tectonic 4idge trends extensively covered by
Slide 16: Kenya Introduction
Kenya Introduction Continued:- Highly favourable production incentives. jaring terms and government Energy — starved local and Increasing regional act « Afrex/Pancontinental Kenya. Shell is negotiating northern offshore Tanzania with much of remainder under licence. ® Songo-Songo gas field in Tanzan
Slide 17: Kenya L6, L8 & L9 permits
Kenya L6, L8 &L9 permits Somalia a: Davie-Owen transform = a—_ =_ = Gravity low axis Gravity high axis Inshore basins (NB: not Davie Ridge) Jurassic oceanic lineations Possible expression of Late ” -X (younging direction) Diapiric provinces : big Coastline & national boundaries ~__ Pemba-Simba High
Slide 18: Kenya Well & Seismic Location
KENYA WELL & SEISMIC LOCATION 209 %0 Yj ‘Available Seismic Data
Slide 19: Kipini Maridadi 1B Kofia Simba 1
Kipini 14 Maridadi 1B Kofia 1 Simba1 Key Sandstone Claystone CL] i Bz Limestone — Sequence Boundary i) Transgressive Surface wwmmom Maximum Flooding Surface Reservoir Seal Source Rock Upper Cretaceous >¢ iLower Cretaceous i
Slide 20: Lamu Basin Stratigraphy
Dae . . | . . . NW AMU BA IN SE . . tienndteoestare Westralian Super Basin PpochStags Selemie Tana Maridadi nha Davie Hrz RAMU ARE DAMPIER SUB-BASIN Tread Trend vend Ridge Blo lit twee | “ere eae De = : a : Sia ™ | te aad Ee ‘era pom | UY ol Z lee fees a pa ee Te y om “) oe T +L sti a seni . —— ae a
Slide 21: Maa
Maa 7 Afrex/Pancontinental Exploration Blocks Well Location Precambrian Permo-Triassic TO SIIEE
Slide 22: Regional Seismic Line T-130
Regional Seismic Line T-130 SIMBA DAVIE RIDGE MDB ee eo ae NW MARIDADI TWT “TREND ) . EXPLORATION PLAY TYPES POTENTIAL 1. Miocene Reef eB 2. Eocene-Palaeocene SST (Barren Beds & Kipini Fm) @ Primary Afrex/Panconinenal LS] Expioration Blocks 3. Maastrichtian SST (Kofia Sands) @ Primary 4, Lower Creta
Slide 23: Diagrammatic Geological Cross-section
Approximate Depth iscone Racin a Wiaoune Leer Sesto Upper datas mote suas Loser irasig & er Diagrammatic Geological Cross-section PLAY TYPES ©) 1. Miocene Reef 2. Eocene-Palaeocene SST (Barren Beds & Kipi 3. Maastrichtian SST (Kofia Sands) 4. Lower Cretaceous SST (Ewaso Sands) 5 GEE 5. Upper Jurassi
Slide 24: Amplitude Anomaly
109 Amplitude Anomaly at iene oo Gy, ilet es, alee i He, ae ne ae 5, ae i Re eae LAMU BASIN Play Typew Epoch/Stage aba Davie Trend Ridge Maridadi ‘Trend Seismic Hr PEO WELL & SEISMIC LOCATION
Slide 25: Lead E1
LEAD E1 660326M E 670000M E 680000M E 690000M E 701351M E 9705000M N 9700000M N 02 45 00S 9690000M N 02 50 008 8680000M N 02 55 00S 9670000M N 03 00 00S 9660000M N 03 08 008 9650000M N 03 10 00S 9644106M N 040 30 OOE 040 35 OOF 040 40 0OE 640 45 OOF 0 2 4 6 8 19 ——— KILOMETRES: TWT Structure Map at
Slide 26: Leads M2 & M2 North
680326M E 9655000M N 9650000M N 9640000M N 8630006M N 9620000M N 9610000M N 9600006M N 9594 106M N LEADS M2 & M2 North 69G000M 700000M E 710000M E 724351M E 3 03 15 03 20 03 25 03 30 03 35 03 40 040 40 OOE 040 45 00E 0 2 4 6 8 0 040 50 OUE 040 65 DUE KILOMETRES 00S 00S 00S 00S 00S 00S bos TAT Struct
Slide 27: Summary - Kenya's Exploration Potential
Project Overview Summary — Kenya’s Exploration Potential Frontier acreage with 1/3 in to moderate water depths. Multiple tectonic trends wi illion barrel and multi-TCF) faulted 4-way dip closu « Potential for independ toleum systems ranging from Tertiary to Trias: = Numerous HC sho nd direct hydroca
Slide 28: Woodside Kenya Farmin Terms
Woodside Kenya Farmin Terms Under the terms of the sta ment Woodside will become operator, and :- 3D) in each of the perm
Slide 29: Woodside Kenya Farmin Terms
Woodside Kenya Farmin Terms PancanfAsrea PSC's L6, LG, & Lo Offshore Kenya .—, subject of VYoodside deal (PScC's LS L7 L10 &L11 operated by Y¥PL) 4 ctr ost
Slide 30: Woodside Kenya Farmin Terms
Woodside Kenya Farmin Terms Continued: - a must then elect in respect of each PSC to drill, and if warranted test, one weil in the relevank:-P.SG.to increase its interest to 65%, or handing the 50% intere PSC back to Pancon and Afrex; 1 PSC to increase its ted testing, a 2nd well in has a further op
Slide 31: Woodside Kenya Farmin - Multiwave Polar Princess
Woodside Kenya Farmin — Multiwave “Polar Princess” seismic acquisition vessel, commenced 2,500 km survey August 2003.
Slide 32: Woodside Kenya Farmin Terms
Woodside Kenya Farmin Terms Continued :- : The indicative cost for each exploration well is US$ 15-20 million or Aus$ 23 -31 million. ach permit, then the total n excess of -51 cents/share. If Woodside elects to drilling expenditure fo Aus$ 138 — 186 M; Woodside will meet allother permit costs assoc
Slide 33: The Impact of the Woodside Kenya Farmin
The Impact of the Woodside Kenya Farmin. * Exposes Pancontinental to “Company making” world class billion barrel an 3iZe oil and gas discoveries. i ar of significant Pancontinental. * Represents the firs, international projec * Demonstrates that junior Australian Resources Companies can — “mix, it w
Slide 34: Pancontinental Future Share Performance
Pancontinental Future Share Performance ?? ¢ 003 a8 _. ORDS | 2 UU Dd 2161 B03 1800 va 4 $03 15008 i E #02 12605 i | 4 R02 We ee F ie ee q 1838 A Acari — $02 E tt alla q 87a ¥ . 7 B.01 Sood] i S000] 4000 4oog 3000 2000 2000 2000 1500 A | f ‘ 1o00) x G0 HUI RT ELT UATE * O00 ; oo one mi < i ne eke gp
Slide 35: The End
Pancontinental Oil & Gas NL — Technical Presentation (September 2003) on 6ix