Central Petroleum Limited · ASX:CTP
Central Petroleum — Noosa Mining & Exploration Conference 2021
18 slides from Central Petroleum's conference presentation, Jul 16, 2021
Slide 1: Noosa Mining & Exploration Conference
Noosa Mining & Exploration Conference 16 July 2021 Central Petroleum Limited (ASX:CTP)
Slide 2: Gas supply shortfall looming
Gas supply shortfall looming CENTRAL PETROLEUM LIMITED (ASX:CTP) 2
Slide 3: The Amadeus Basin
The Amadeus Basin 30 years of proven commercial production 200 PJ of existing uncontracted 2P reserves Large underexplored basin (53 Tcf total resource*) Conventional gas focus, with large unconventional upside Potential for direct connection to Moomba (AMGP) * total Amadeus 2C resources and prospec
Slide 4: Amadeus Basin Exploration targets
▪ Insert photo – landscape shot ? Amadeus Basin Exploration targets CENTRAL PETROLEUM LIMITED (ASX:CTP) 4
Slide 5: Significant exploration upside in next two years
Significant exploration upside in next two years Immediate targets drilling 2021 Targeting lower risk 192 PJ of gas Palm Valley Deep (target 123 PJ) (61.5 PJ net to Central)1 A Testing deeper reservoir (proven at Dingo) in existing field Dingo Deep (target 69 PJ) (34.5 PJ net to Central)1 B Testing
Slide 6: Immediate targets – two new exploration wells
Immediate targets – two new exploration wells Our most significant exploration program for years has the potential to unlock major new resources in the Amadeus Basin. Palm Valley Deep • Targeting a mean recoverable volume(1) of 123 PJ in the deep Arumbera Sandstone (61.5 PJ net to Central) • The Aru
Slide 7: Surat Basin CSG
Insert photo : aerial shot of Range pilot ? Surat Basin CSG Central’s Range CSG project in Queensland’s premier gas province is moving towards FID in 2022 CENTRAL PETROLEUM LIMITED (ASX:CTP) 7
Slide 8: Range Coal Seam Gas Project
Range Coal Seam Gas Project The Range CSG area contains 135 PJ of 2C Contingent Gas Resource (net to Central) • Joint venture with Incitec Pivot (50% interest) • Surrounded by major CSG developments and infrastructure • Potential to almost double Central’s 2P reserves base and annual sales volumes •
Slide 9: Production assets
▪ Insert photo of Amadeus production equipment (ESS ?) Production assets Central’s exploration opportunities are underwritten by a portfolio of long-producing, cash-generating assets in the Amadeus Basin CENTRAL PETROLEUM LIMITED (ASX:CTP) 9
Slide 10: Proven production
Proven production • Operator for three producing oil and gas fields in Central Australia that are surrounded by Central’s basin-wide exploration portfolio • 25% interest in Mereenie, 50% interest in Palm Valley and Dingo(1) • Funded drilling program targeting an increase in total operated production
Slide 11: Strong record of production growth
Strong record of production growth 4 year CAGR of 34% pa 3 year CAGR of 147% pa • Record annual sales volumes and revenues ($65m) in FY2020 (triple that of 2017) despite challenging market conditions in 2H of FY2020 • Solid financial foundation that provides downside protection • Over 10 years of ga
Slide 12: Funding for accelerated growth
Funding for accelerated growth The $40 million free carry will fund Central’s share of circa $100m (1) of current and near-term development investment across the Amadeus Basin Producing Assets without any cash outlay from Central Identified activities include: ✓ Recently completed four well re-compl
Slide 13: Unlocking value
Unlocking value Enterprise Value (A$m) eg Dukas (EP112) Range Corporate tax losses eg Orange-3, Mamlambo and Zevon (EP115) (135 PJ 2C (circa $30m)(2) and Mereenie Stairway (multi TCF targets) resource)(4) $170m $152 m Other Assets not included in the Sale Assets (3) (1)(2) Central's current Sale Ass
Slide 14: Balanced, growth-focussed portfolio
Balanced, growth-focussed portfolio Producing oil and gas assets – strong record of growth • Producing assets at Mereenie, Palm Valley, and Dingo fields • Two new Mereenie production wells and a Palm Valley production lateral targeting total operated production capacity increase from 44 TJ/d to 63 T
Slide 15: Company Snapshot
Company Snapshot Central operates the largest on-shore gas producing fields in the Northern Territory Brisbane head office / NT Operations * 90 employees 5.11 PJE of sales 1H FY2021 $28.9M sales revenue 1H FY2021 4 $5.4M maiden profit after tax in FY2020 Recently sold 50% operating assets for $85m $
Slide 16: Appendix 2: Reserves and Resources information
Appendix 2: Reserves and Resources information Oil and Gas Reserves and Resources Before After Reserves and contingent resources CTP Share transaction transaction Reserves and contingent resources for the Mereenie, Palm Valley and Dingo fields in this report are as at 30 June 2020 and were first rep
Slide 17: Notice and Legal Disclaimer
Notice and Legal Disclaimer To the maximum extent permitted by law: 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 (“Company”). This presen
Slide 18: Contact and Further Information
Level 7, 369 Ann Street Brisbane QLD 4000 Contact and Australia Further Information +61 (0)7 3181 3800 info@centralpetroleum.com.au Investor and Media Inquiries Greg Bourke: +61 0478 318 702 Sarah Morgan: +61 0421 664 969 info@centralpetroleum.com.au Level 7, 369 Ann Street www.centralpetroleum.com.
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