Central Petroleum Limited · ASX:CTP
Central Petroleum — RIU Good Oil Conference 2018
30 slides from Central Petroleum's conference presentation, Sep 12, 2018
Slide 1: Company Presentation - RIU Good Oil Conference
For personal use only Company Presentation RIU Good Oil Conference, 12 & 13 September 2018, Perth Central Petroleum Limited (ASX: CTP)
Slide 2: Notice and Legal Disclaimer
Notice and Legal Disclaimer For personal use only To the maximum extent permitted by law: 1. 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
Slide 3: Overview
For personal use only Overview Strong foundation poised for growth CENTRAL PETROLEUM LIMITED (ASX: CTP) 3
Slide 4: Our Company
Our Company For personal use only ASX Listed (“CTP”) with a current market cap. circa $75 million Focus on onshore gas E&P in central and eastern Australia Operator of the only producing onshore oil and gas fields in the Northern Territory (NT) and our operating fields generate strong positive
Slide 5: Headline strategy
Headline strategy For personal use only Maximise gas available for the Northern Gas Pipeline (NGP) through our Gas Acceleration Programme (GAP) Take advantage of exploration, development and M&A opportunities in the NT and east coast Australia Accelerate exploration of newly awarded Surat Basin CSG
Slide 6: Assets
For personal use only Assets Growth portfolio covering exploration, development and production CENTRAL PETROLEUM LIMITED (ASX: CTP) 6
Slide 7: NT operating assets
NT operating assets For personal use only CENTRAL PETROLEUM LIMITED 7
Slide 8: NT operating assets: Mereenie oil & gas field
Reserves* Unit 1P 2P 2C Mereenie gas PJ 56.23 69.30 91.20 Mereenie oil MMBBL 0.37 0.38 0.10 NT operating assets For personal use only * Net to Central Petroleum as at 30 June 2018 Mereenie oil & gas field (50%) • 281 km², oil & gas plant and 59 wells • Producing 12.5TJ/d* firm gas • Upgrade to 22TJ/
Slide 9: NT operating assets: Palm Valley gas field
Reserves* Unit 1P 2P 2C Palm Valley gas PJ 16.69 22.59 29.70 * 100% Central as at 30 June 2018 NT operating assets For personal use only Palm Valley gas field • 639 km², plus compression, processing and transport infrastructure • Restart in progress for 15TJ/d for NGP commencement • Drilling of PV13
Slide 10: NT operating assets: Dingo gas field
Reserves* Unit 1P 2P 2C Dingo gas PJ 8.11 31.01 22.7 * 100% Central as at 30 June 2018 NT operating assets For personal use only Dingo gas field • 1,492km² covering 20 blocks of EP82 • Gas facilities and 50km gas pipeline to Brewer Estate in Alice Springs • Supplies Owen Springs Power Station CENTRA
Slide 11: NT operating assets: Surprise oil field
NT operating assets For personal use only Surprise oil field • 929km² licenced area in the Amadeus Basin • Ceased production in 2016 for economic reasons • Well is recharging CENTRAL PETROLEUM LIMITED 11
Slide 12: Exploration
Exploration For personal use only CENTRAL PETROLEUM LIMITED 12
Slide 13: Exploration: Ooraminna gas fields
Exploration For personal use only Ooraminna gas fields • Retention licence (RL)3 and RL4 covering 1,004km² • Inferred closure area of ~175km2 and preliminary estimates for the Pioneer Formation of ~125Bcf to ~425Bcf OGIP • 2 wells drilled showing sub- economic gas flow in an area with low natural fr
Slide 14: Exploration: Southern Amadeus Joint Venture
Exploration For personal use only Southern Amadeus Joint Venture • EP105, EP106, EP112, EP125 (Mt Kitty) and part of EP82 (excluding Dingo sub-blocks) • Regional sub-salt central basin arch hosting large sub- regional closures • Dukas Prospect (in EP112) approx. 520km2 closure. Santos may drill in Q
Slide 15: Exploration: EP115
Exploration For personal use only EP115 • Northwest of Mereenie in the Amadeus Basin, encompassing both Surprise and EP 115 covering 2,647km² • Further exploration appraisal and core data needs to be collected • Potential for shale oil or gas CENTRAL PETROLEUM LIMITED 15
Slide 16: Exploration: North Mereenie Block
Exploration For personal use only North Mereenie Block • Three stage farm- out to Santos as operator (40%) in 2012 • Acquired 323km of 2D seismic data and reprocessed over 500km of historical 2D seismic in 2013 • Several conventional exploration opportunities CENTRAL PETROLEUM LIMITED 16
Slide 17: Exploration: Southern Georgina Basin
Exploration For personal use only Southern Georgina Basin • ATP909, ATP911 and ATP912 extend until 10 March 2019 • 974km of 2D seismic acquired and 2 wells drilled over 2013 and 2014 • Considering opportunities to progress CENTRAL PETROLEUM LIMITED 17
Slide 18: Queensland CSG acreage (ATP2031)
Queensland CSG acreage (ATP2031) For personal use only Awarded 29 August 2018, comprising 77km2 CSG acreage for Australian domestic gas supply, midway between Miles and Wandoan in the eastern Surat Basin North-eastern Walloon Fairway, surrounded by acreage held by QGC, Arrow and APLNG Estimate
Slide 19: Roadmap
For personal use only Roadmap Gas Acceleration Programme (GAP), exploration and appraisal, business development and near-term share growth catalysts CENTRAL PETROLEUM LIMITED (ASX: CTP) 19
Slide 20: GAP to maximise initial east coast gas sales
GAP to maximise initial east coast gas sales For personal use only Initially planned a 4 well GAP Status appraisal programme 1. Mereenie upgrade Progressed to circa 45% Evolved through analysis to: Compressors serviced, control systems refurb. 2. Palm Valley restart underway, wireline well servicing
Slide 21: GAP maximising east coast gas sales
GAP maximising east coast gas sales For personal use only Connection to the east coast Oil & Gas Actual Sales / Forecast Capacity (TJpa equivalent) market will result in a 18,000 significant increase in sales 16,000 performance 14,000 Operating cost per unit of 12,000 production will reduce with
Slide 22: GAP gas capacity and sales position
GAP gas capacity and sales position For personal use only Gas capacity post upgrade Gas sales TJ/d Phase 1 Phase 2 Total TJ/d Total Mereenie 100% 44.0 **14.0 58.0 Existing Mereenie and Palm Valley 10.5 Existing Dingo 4.4 Mereenie 50% 22.0 7.0 29.0 Total net to Central 14.9 Palm Valley 15.0 ***5.0 20
Slide 23: Appraisal and exploration
Appraisal and exploration For personal use only Targeting Status Potential Completed - minor gas shows due Up to 120PJ of contingent West Lower Stairway 2 sandstone to mineralisation – review to assess resource estimated (NSAI Mereenie 26 technical solutions 31 December 2015) Palm Valley Known gas i
Slide 24: Business development
Business development For personal use only In addition to increased gas sales through the NGP, we are actively progressing the following key growth opportunities: Tendering for new Potential local refining acreage releases in Potential LPG projects projects Queensland Market search for farm- Partner
Slide 25: Near-term share price growth catalysts
Near-term share price growth catalysts For personal use only FY 2019 FY 2020 Asset Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 • Upgrade/ Mereenie restart Mitigation of completion Mereenie Supply IPL at 20TJ/d until 31 December 2019 lateral • Start supply pipeline Complete through Palm Valley drilling PV13 constraint N
Slide 26: Strategic Priorities
For personal use only Strategic Priorities Strategic position and key priorities CENTRAL PETROLEUM LIMITED (ASX: CTP) 26
Slide 27: Strategic position
Strategic position For personal use only Highly experienced management team Proven capability in exploration, appraisal and operations Poised to almost triple gas sales in late 2018 with the commencement of the NGP Significant exploration permit acreage position in the NT Well placed to ta
Slide 28: Key priorities
Key priorities For personal use only Maintain our focus on safety first Continue to operate in an environmentally responsible manner Continue to make a positive contribution to the communities in which we operate Maximise gas supply for the NGP Drive exploration and appraisal of existing a
Slide 29: Positive Community Contribution
Positive Community Contribution For personal use only 3 key employment strategies to sustain our NT operations: Our current operations achieve: 1. Family Values for Working Families – maximise number 60% are local employees of employees who can commute daily from their homes in Alice Springs 30%
Slide 30: Contact and Further Information
For personal use only Level 7, 369 Ann Street Brisbane QLD 4000 Australia +61 (7) 3181 3800 Contact and Further Information Investor and media enquiries: info@centralpetroleum.com.au Joseph Morfea Company Secretary +61 (7) 3181 3866 www.centralpetroleum.com.au CENTRAL PETROLEUM LIMITED (ASX: CTP) 30