Pancontinental Energy Nl · ASX:PCL

Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Investor Presentation (March 2012)

30 slides from Pancontinental Energy Nl's investor presentation, Mar 20, 2012

  1. Slide 1: Investor Presentation March 2012

    For personal use only Highly leveraged into two of the most exciting oil and gas regions of the decade Investor Presentation March 2012 www.pancon.com.au

  2. 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 For personal use o

  3. Slide 3: Introduction

    Introduction For personal use only  Pancontinental Oil and Gas NL (PCL) is an ASX listed E&P company  Focussed on offshore Kenya (East Africa) and offshore Namibia (South West Africa)  First well on the drill-ready billion barrel Mbawa prospect in or before Q3 2012  PCL‟s early mover advantage h

  4. Slide 4: Corporate Overview

    Corporate Overview Capital Structure Shareholder Split For personal use only Shares on Issue 860.78 m Others Board 19% & Mgmt Options on Issue1 4.50 m Market Cap. (at $0.18) $155 m 52% Cash (29 February 2012) $14 m 29% Debt Nil Enterprise Value $141 m Institutional 1. Options exercisable at $0.059,

  5. Slide 5: Asset Overview

    Asset Overview  Total For personal use only  BP  Anadarko  Chariot  Apache  HRT  Origin  Petrobras  BG Group  Cove Energy  Premier Oil Block Area (km2) PCL Interest (%) Operator (%) Partners (%) Kenya L6 3,100 40.0% FAR Limited(60%) FAR Limited (60%) Kenya L8 5,115 15.0% Apache (50%) Apac

  6. Slide 6: East Africa – Main Offshore O&G Players

    East Africa – Main Offshore O&G Players For personal use only Offshore Tanzania • Ophir, BG ~5 TCF gas • Statoil, ExxonMobil 5+ TCF gas (oil potential) Offshore Mozambique • ENI 30+ TCF gas • BG, Anadarko, Cove 15 – 30+ TCF gas Map refers to main oil & gas players offshore East Africa as at February

  7. Slide 7: East Africa Hotspot - Offshore Kenya

    East Africa Hotspot - Offshore Kenya OFFSHORE KENYA: For personal use only  Similar depositional environment to Rovuma basin in Mozambique Somalia Ethiopia  PCL consider offshore Kenya to be an oil play, rather than gas  Evidence of petroleum Kenya system (flat spots, oil seeps), multiple play ty

  8. Slide 8: Kenya – Success in East Africa Driving Interest

    Kenya – Success in East Africa Driving Interest  PCL has been active in Kenya for over 10 years and has an early mover advantage For personal use only  Industry analysts continue to report East Africa has the potential to become one of the largest oil and gas exploration plays over the next decade

  9. Slide 9: Offshore Kenya – Interest in Blocks

    Offshore Kenya – Interest in 4 Blocks For personal use only L6 - 3,100km2 FAR Limited 60% Somalia Pancontinental 40% Somalia Ethiopia L8 – 5,115km2 Apache 50% Kenya Origin 20% Pancontinental 15% Tullow 15% L6 Kenya L10A – 4,962km2 BG 40% L8 Pate 1 Wet Gas Flow Cove 25% Premier 20% Pancontinental 15%

  10. Slide 10: Kenya L6 & L8 Slicks

    Kenya L6 & L8 Slicks For personal use only  L6 + L8 Total 8,200km2  Water depths 0 to 1300m & onshore  Prospects associated with L6 slicks in both areas Slicks L8 10

  11. Slide 11: Kenya L8 – Mbawa to be Drilled Q3 2012

    Kenya L8 – Mbawa to be Drilled Q3 2012 For personal use only  Mbawa drilling planned in or before Q3 2012  Apache looking at rig availability  PCL free carried for its first well to US$9m. One well to about 3,500m will test multiple targets  Mbawa Potential1: L8  Tertiary / Cretaceous (P10): 

  12. Slide 12: Kenya L8 – Mbawa Prospect

    Kenya L8 – Mbawa Prospect 800m WATER DEPTH For personal use only TURBIDITE AND CHANNEL SANDS ? TOE THRUST PLAY POSSIBLE TERTIARY “FLAT SPOTS” TERTIARY / CRETACEOUS “FLAT SPOT” POSSIBLE LOWER “FLAT SPOT” TILTED JURASSIC FAULT BLOCKS 0 Km(approx) 2 12

  13. Slide 13: Kenya L8 – Well to Test Multiple Targets

    Kenya L8 – Well to Test Multiple Targets  One well to about 3,500m will test For personal use only multiple targets Sea Sea floor – 800m  Water depths of approximately 800m & accessible with modern equipment 1,000m Lamu Limestone Simba Shale Tertiary EARLY PALAEOGENE BASIN FLOOR Kipini Shale TURBI

  14. Slide 14: Kenya L10A & L10B

    Kenya L10A & L10B  Two new blocks awarded on 17 May 2011 For personal use only  Effective Date 17 August 2011  10,000 km2  Water depth 200m to 1,800m  Interpreted oil “kitchen” troughs L6  Notable partners- BG Group, Premier Oil, Cove Energy L8  “Fast Track” exploration programme L10A – 4,962

  15. Slide 15: Kenya L10A & L10B – Leads

    Kenya L10A & L10B – Leads  The leads are in For personal use only diverse geological Channel Extension “play” types and KENYA Simba of Mbawa some of the leads Trend Trend Trend are on-trend and similar to the giant Mbawa Prospect to Mombasa the north in licence L10A L8  > 10 Leads  3D & 2D comple

  16. Slide 16: Kenya L6 - Kifaru Prospect

    Kenya L6 - Kifaru Prospect L6 is adjacent and geologically For personal use only  continuous to L8  3,100 Km2  Water depth 0 to 300m  Kifaru - main prospect adjacent to interpreted hydrocarbon kitchen / trough  Planning for the 3D survey 2012  3D seismic acquisition over the Kifaru Prospect an

  17. Slide 17: Namibia – Interest is Heating Up

    Namibia – Interest is Heating Up  PCL has been active in Namibia for over 5 years and has an early mover advantage For personal use only  Recent farm-in deals and acquisitions have been secured at considerable premiums with major oil and gas companies (BP plc, HRT Participacoes, Chariot)  Recent

  18. Slide 18: Offshore Namibia EL 0037 – Blocks

    Offshore Namibia EL 0037 – 3 Blocks Recent News (March 2012): Chariot to drill For personal use only one well in April 2012 in block 1811A  Namibia EL 0037 covers blocks 2012B, 2112A and PCL Acreage 2113B Recent News (March  Pancontinental 85% & 2012): Eco Atlantic reports blocks "2213A" Operator

  19. Slide 19: Namibia EL 0037 – Oily Sweet Spot

    Namibia EL 0037 – Oily Sweet Spot PCL Acreage: EL 0037 offshore Namibia Natural Oil Seepage “Bullseye” over Inner Fully Oil-Mature Source Rocks in “Inner Graben” For personal use only Graben in EL 0037 (Data Source : HRT) PCL Acreage PCL Acreage EL 0037 Predicted Present-Day Maturity for Early Aptia

  20. Slide 20: Namibia EL 0037 – Prospectivity

    Namibia EL 0037 – Prospectivity Breakup Unconformity to Base Tertiary EL LOCATION For personal use only Interpretation – A package of rich oil source rocks, reservoirs and seals 3 Oil Source Rocks Onlapping Turbidites SLOPE ENVIRONMENT 4 Ponded Turbidites & Basin Floor Fans Early Cretaceous Aeolian

  21. Slide 21: Namibia EL 0037 – Source Rock

    Namibia EL 0037 – Source Rock For personal use only 21

  22. Slide 22: Cove Energy Setting the Path in East Africa

    Cove Energy Setting the Path in East Africa For personal use only  Cove Energy has had tremendous success in East Africa, offshore Mozambique  The Cove story demonstrates the significant amount of leverage junior companies can offer to high reward oil & gas plays  PCL is highly leveraged into Eas

  23. Slide 23: Investment Highlights

    Investment Highlights For personal use only  Large East and South West African acreage position  Opportunity to gain leverage into two of the most exciting oil and gas regions of the decade – before it is consolidated by the majors  Whilst East and West Africa are proving to be major new gas prov

  24. Slide 24: Board & Management

    Board & Management Mr Henry David Kennedy, Chairman Mr Kennedy has had a long association with Australian and New Zealand resource companies. As a technical director he has been For personal use only instrumental in the formation and/or development of a number of successful listed companies. These i

  25. Slide 25: Contact Information

    Contact Information For personal use only Pancontinental Oil & Gas NL Ground Floor 288 Stirling Street Perth, WA 6000 Australia Tel: +61 (8) 9227 3220 Fax: +61 (8) 9227 3211 www.pancon.com.au 25

  26. Slide 26: Appendices

    For personal use only Appendices 26

  27. Slide 27: Kenya L10A & L10B – Leads

    Kenya L10A & L10B – Leads For personal use only Upper Jurassic Reef Tertiary / Upper Cretaceous anticline Miocene reef Cretaceous Miocene reef Mega-channel Cretaceous Mega-channel 27

  28. Slide 28: Kenya L10A & L10B – Leads

    Kenya L10A & L10B – Leads For personal use only Olkaria Lead Tertiary / Upper Cretaceous anticline Upper Jurassic reef 28

  29. Slide 29: Australia – EP & EP

    Australia – EP 110 & EP 424  PCL – 38% interest For personal use only  Known oil province  Baniyas prospect on trend to producing oil fields  Water depth of 10m 29

  30. Slide 30: Australia – EP / R1 & L15

    Australia – EP 104 / R1 & L15  Looking for oil on- For personal use only trend to Blina etc PCL  West Kora L15 oil redevelopment PCL 12% 30

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