Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Shareholder Meeting (July 2021)
16 slides from Pancontinental Energy Nl's shareholder meeting presentation, Jul 29, 2021
Slide 1: Presentation to General Meeting
29 July 2021 yy PANGONTINENTAL mr ron
Slide 2: Disclaimer
Disclaimer These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, redistributed or passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for any purpose. Failure t
Slide 3: Disclaimer continued
Disclaimer continued The resources referred to in this presentation were announced on 11 September 2018 (PEL 87), 14 July 2019 (ATP 920 & ATP 924 conventional gas prospective resources) and 30 October 2019 (ATP 920 & ATP 924 oil prospective resources) . The estimated quantities of petroleum that may
Slide 4: Corporate Snapshot
Corporate Snapshot CORPORATE OVERVIEW DIRECTORS Issued Share Capital 6,006 million shares HD Kennedy Non-Executive Chairman Options 270 million options EA Myers Executive Director, CEO Share Price 0.2 cent ** V Petrovic Executive Director, Sec Market cap A$9.0 million ** RB Rushworth
Slide 5: Strategy & Business Model
Create value for Shareholders Identify oil & gas basins with overlooked potential & seek funding for PCL's original ideas Attract highly reputable companies to partner in projects Secure acreage at low entry cost and complete initial work programmes
Slide 6: Pancontinental's Projects
Pancontinental’s Projects Block PCL% Partner Operator Namibia PEL 87 75% Custos 15% Namcor 10% PCL Namibia PEL 37 60% Africa Energy 30% Paragon 10% PCL/AEC Australia ATP 920 20% earning Key Petroleum 80% KEY Australia ATP 924 25% earning Key Petroleum 75% KEY NAMIBIA PEL 37 Offshore Regional drillin
Slide 7: Location of Exploration Licences in Namibia
Location of Exploration Licences in Namibia 9
Slide 8: PEL 87 Offshore Namibia
PEL 87 Offshore Namibia PEL 87 Pancontinental is the Operator and a Joint Venture Partner in Petroleum Exploration Licence 87. The licence which covers almost 11,000 square kilometres is located in the Orange Basin, offshore Namibia. Pancontinental holds a strong 75% interest with the remaining 25%
Slide 9: PEL 87 Offshore Namibia - Saturn Superfan Seismic Section
PEL 87 Offshore Namibia Saturn Superfan - 2D Seismic Section Highlights of the structure include: * 2,400 Km2, c 300m thick * Located directly on Mature Oil Source * High Quality Seals * Independent Closures 11
Slide 10: PEL 87 Offshore Namibia Regional Activity
PEL 87 Offshore Namibia Regional Activity Activity on-trend includes the imminent drilling of Total’s Venus-1 well and at least one well by Shell and GALP. Drilling results will be of great interest to oil and gas companies present in the area, including Pancontinental. 11
Slide 11: How Much Oil Could Saturn Contain?
HOW MUCH OIL COULD SATURN CONTAIN? PROSPECTIVE OIL RESOURCES (RECOVERABLE OIL)* INDIVIDUAL LEADS PEL 87 Prospective Resources Lead Gross Prospective Resources Pancontinental Net Entitlement 1 Name GPoS MMbbls MMbbls P90 P50 Mean P10 P90 P50 Mean P10 Lead A 39 152 224 549 28 108 160 391 11% Lead C1 2
Slide 12: PEL 37 Offshore Namibia
PEL 37 Offshore Namibia PEL 37 The Company initiated this project in 2011 and since then has completed a number of exploration programmes including the drilling of the Cormorant-1 well in 2018. Pancontinental along with the PEL 37 partners are in the process of applying for a two year extension of t
Slide 13: Location of Exploration Licences in Australia
Location of Exploration Licences in Australia Conventional trends prospective for oil and gas can be found within the Cooper Basin ATPs. 14
Slide 14: ATP 920 & ATP 924 (Ace Area) Onshore Queensland
ATP 920 & ATP 924 (Ace Area) Onshore Queensland The Company farmed in to the Meeba Project, Onshore Queensland in 2019. Entry into the two Authorities to Prospect – 920 and the Ace Area of 924 provides Pancontinental diversity in its portfolio of exploration assets. The exploration licences were rec
Slide 15: Prospective Resource Estimates
PROSPECTIVE RESOURCE ESTIMATES Cautionary Statement: The estimates quoted here were announced to the ASX on 14 July 2019 (ATP 920 & ATP 924 conventional gas prospective resources) and 30 October 2019 (ATP 920 & ATP 924 oil prospective resources) by Operator Key Petroleum Limited. The prospective res
Slide 16: Authorised for release by the Board of Pancontinental Oil & Gas NL
PANCONTINENTAL OIL & GAS NL Head Office – Level 2, 30 Richardson Street, West Perth, Western Australia 6005 Postal Address - PO Box 1154, West Perth, Western Australia 6872 Telephone +61 8 6363 7090 ACN 003 029 543 www.pancon.com.au Authorised for release by the Board of Pancontinental Oil & Gas NL
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