Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Investor Presentation (August 2011)
26 slides from Pancontinental Energy Nl's investor presentation, Aug 5, 2011
Slide 1: Investor Presentation August 2011
Investor Presentation August 2011 ASX : PCL For personal use only MALTA • AREA 5 • AREA 4 BLOCK 3 AUSTRALIA CANNING BASIN • EP 104 / R1 • L15 NAMIBIA WALVIS BASIN • EL 0037 KENYA • L6 • L8 • L10A • L10B AUSTRALIA CARNARVON BASIN • EP 424 • EP 110
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 pass on, directly or indirectly, to any other person or published, in whole or part, by any medium or for any purpose. Failure to
Slide 3: Introduction
Introduction • ASX listed E&P company focussed on Kenya (East Africa), Namibia (West Africa) and Malta For personal use only • Early mover advantage for African oil & gas ensuring PCL is well positioned relative to peers • Interests in four offshore Kenya licences as well as a large 17,000km2 licenc
Slide 4: Corporate Overview
Corporate Overview Price A$ Volume 7 For personal use only 3 4 5 2 6 1 Capital Structure Shareholders Company Progress 1. Origin Energy divestment of Block L8 to ASX Code: PCL Apache Share Price: A$0.10 2. Kenya Government offers new PSC on Blocks Mgmt & L10A & L10B Shares on Issue: c.661M Board 29%
Slide 5: Asset Overview
Asset Overview • Kenya, East Africa (PCL 15% - 40% interests) For personal use only • Interest in 4 permits, 2 of which are advanced and contain drill ready prospects • PCL is free carried for its first well on the billion barrel potential Mbawa prospect – targeting spud in H1 2012 • Namibia, West A
Slide 6: Significant long term holdings in prime exploration areas
Kenya • Significant long term holdings in prime exploration areas For personal use only • Major partners with successful East African track record • Very large prospect potential Somalia Ethiopia L6 - 3,100km2 Flow 60% Somalia Pancontinental 40% KENYA L8 – 5,115km2 Apache 50% KENYA Origin 25% Pate 1
Slide 7: L6 & L8 Slicks
Kenya L6 & L8 Slicks KENYA L6 & L8 For personal use only • L6 + L8 Total 8,200km2 • Water depths 0 to 1300m & onshore • Prospects associated with slicks in both areas L6 Slicks L8 http://www.pancon.com.au 7
Slide 8: L6 Kifaru Prospect
Kenya L6 Kifaru Prospect Kenya L6 For personal use only • 3,100 Km2 • Water depth 0 to 300m • Kifaru- main prospect adjacent to interpreted hydrocarbon kitchen / trough • 3D over 2 prospects 2011 • Drilling 2012 KIFARU PROSPECT http://www.pancon.com.au 8
Slide 9: L8
Kenya L8 L8- 5,100 Km2 For personal use only • Water depth 0 to 1,300m • Mbawa drilling 2011 / 2012 • Farmins by Apache and Tullow • New operator Apache looking at rig availability *NOTE-Potential volumes are Pancontinental projections and do not necessarily reflect those of other joint venture part
Slide 10: L8 – Mbawa
Kenya L8 – Mbawa 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 http://www.pancon.com.au 10
Slide 11: L8 – Mbawa
Kenya L8 – Mbawa For personal use only • One well to about 3,500m will test multiple targets Sea • Water depths of approximately 800m & Sea floor – 800m accessible with modern equipment Lamu Limestone 1,000m Simba Shale Tertiary EARLY PALAEOGENE BASIN FLOOR Kipini Shale TURBIDITE „FAN‟ SANDS (Kipini
Slide 12: 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 • Notable partners- BG Group, Premier Oil, Cove Energy • “Fast Track” exploration programme L6 L10A – 4,962km2 B
Slide 13: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only KENYA Mombasa L10A Korosi & Korosi E Leads Upper Cretaceous anticlines Likaiu & Likaiu E Leads Upper Cretaceous anticlines Namaruna Lead Miocene reefs Olkaria Lead Paka Lead U Jurassic Reef Marsabit & Marsabit E Leads Cretaceous anticline Cretaceous Me
Slide 14: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only Tertiary / Upper Lower Tertiary / Upper Cretaceous anticline Cretaceous anticlines Miocene Miocene reef reef Cretaceous Cretaceous Mega-channels Mega-channels http://www.pancon.com.au 14
Slide 15: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only Olkaria Lead Tertiary / Upper Cretaceous anticline Upper Jurassic reef http://www.pancon.com.au 15
Slide 16: Namibia EL 0037
Namibia EL 0037 NAMIBIA NEW LICENCE EL0037 • Petroleum Agreement & Exploration Licence signed 28/6/11 For personal use only • Pancontinental 85% & Operator • 17,295 km2 offshore • Water depth 0 - 1,500m • Turbidites, ponded fans, channels in graben and slope setting • Excellent regional source rock,
Slide 17: Namibia – Prospectivity
Namibia – Prospectivity Breakup Unconformity to Base For personal use only EL LOCATION Tertiary 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 & Incise
Slide 18: Namibia – Source Rock
Namibia – Source Rock For personal use only http://www.pancon.com.au 18
Slide 19: Malta: Area & Area – Block
Malta: Area 5 & Area 4 – Block 3 Malta: For personal use only • Libyan geology in Maltese waters • Several Prospects already identified- now requiring 3D • Very large volumetric potential in main prospects • Negotiating reinstatement of ESA http://www.pancon.com.au 19
Slide 20: Malta – Chianti Prospect
Malta – Chianti Prospect For personal use only • Libyan geology in Maltese waters • Chianti Prospect – interpreted large carbonate “reef” prospect http://www.pancon.com.au 20
Slide 21: Australia – EP & EP
Australia – EP 110 & EP 424 EP 110 & EP 424 For personal use only • PCL – 38% • Known oil province • Baniyas prospect on trend to producing oil fields • Water depth of 10m http://www.pancon.com.au 21
Slide 22: Australia – EP / R1 & L15
Australia – EP 104 / R1 & L15 EP 104 / R1 / L15 For personal use only • Looking for oil on-trend to Blina etc PCL • West Kora L15 oil redevelopment PCL 12% http://www.pancon.com.au 22
Slide 23: Investment Highlights
Investment Highlights East and West Africa expected to host some of the largest Growing Portfolio of East & West O&G exploration plays in the next decade For personal use only African Assets and more PCL to leverage its early mover advantage offshore Africa having secured highly prospective acre
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 instrumental in the For personal use only formation and/or development of a number of successful listed companies. These i
Slide 25: PCL – Hartleys Research
PCL – Hartleys Research • Hartleys provides active research coverage on For personal use only PCL • Coverage was initiated in August 2011 • Currently Hartleys rates PCL as a Speculative Buy • Hartleys has a 6 month share price target of $0.20 per share which represents a 100% premium to the current
Slide 26: 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 http://www.pancon.com.au http://www.pancon.com.au 26
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