Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Shareholder Meeting (November 2009)
23 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 26, 2009
Slide 1: Annual General Meeting
PANCONTINENTAL OIL & GAS NL ANNUAL GENERAL MEETING 26 November 2009
Slide 2: Disclaimer & Confidentiality Notice
Disclaimer & Confidentiality Notice For personal use only The information contained in this Presentation or subsequently provided to the Recipient of this Presentation whether orally or in writing by or on behalf of Pancontinental Oil & Gas NL ((“PCL”) PCL ) or their respective employees, agents or
Slide 3: Directors & Officers and Corporate Details
PANCONTINENTAL OIL & GAS NL For personal use only DIRECTORS & OFFICERS CHAIRMAN - H D (DAVID) KENNEDY CEO - R B (BARRY) RUSHWORTH FINANCE & COMPANY SECRETARY - E A (ERNIE) MYERS INDEPENDENT - I R (INKY) CORNELIUS GROUP ACCOUNTANT - V (VESNA) PETROVIC CORPORATE DETAILS ASX Code PCL 518 MILLION SHARES
Slide 4: Funding
PANCONTINENTAL OIL & GAS NL For personal use only FUNDING •CASH RAISED $113,000 THROUGH SPP FEBRUARY 2009 PLUS $937,000 THROUGH SHARE PLACEMENTS BETWEEN MAY AND AUGUST ‘09 TOTALLING $1.05 MILLION ($813,000 FOR 2008 / 2009 YEAR) •EXPENDITURE FOR 2008 / 2009 YEAR $1.4 MILLION •CASH AT 2008 / 2009 YEAR
Slide 5: ASX up ~44% / PCL up ~275%
PANCONTINENTAL OIL & GAS NL For personal use only ASX 200 up ~ 44% / PCL up ~ 275% PCL 5.7 Cents Oct ‘09 PCL 5.7 Cents ~ 4.5 Cents Oct ‘09 Nov ‘09 ASX 200 PCL 1.2 Cents Mar ‘09 PCL
Slide 6: Project Areas
PANCONTINENTAL OIL & GAS NL For personal use only PROJECT AREAS NAMIBIA
Slide 7: Main Projects
PANCONTINENTAL OIL & GAS NL MAIN PROJECTS For personal use only BANIYAS - EP 424 - PCL 25% (Offshore Carnarvon Basin, WA) *34 MILLION BARRELS OIL / 100 + BCF GAS POTENTIAL * DRILLING 2010 STOKES BAY - EP 104 - PCL 10% (Onshore Canning Basin, WA) * GAS + OIL POTENTIAL *TESTING 2010 MBAWA - KENYA L8 O
Slide 8: Kenya Areas
PANCONTINENTAL KENYA AREAS For personal use only KUDU UPDIP KIPINI Prospects & Leads KENYA L6 Oil Slicks * ** ** L6 PCL 40% * * MBAWA * * * Multi-Million Barrel oil and TCF gas Multi- L8 potential onshore / offshore NYANGUMI L8 PCL 25% (Free Carried) Multi- Billion Barrels oil + multi -TCF gas Multi
Slide 9: Kenya L8 Mbawa Prospect Stratigraphic Column
DEPTHS STRATIGRAPHIC KENYA L8 L8-- MBAWA PROSPECT (Approx.) COLUMN STRATIGRAPHY Sea Surface 0 m - For personal use only CARBONATES • Sandstone Porosity expected to naturally decline from ~ 25% SHALE to ~10% between 2,000 & SEA Sea SANDSTONE 3,400m Bottom • Drill depth to Near Top xxx ? SALT / EVAPOR
Slide 10: L8 Mbawa Complex
L8 MBAWA COMPLEX Base Tertiary /Top Cretaceous Depth Map For personal use only Sea surface oil slicks MBAWA - *Oil Slicks 179 sq km @ 2,140m * AVO ‘flat spots’ *3.6 Billion Bbl Oil Potential *3D Seismic 2009 AVO anomalies *Drilling planned 2011 * PCL 25% (free carried) AVO anomalies – “Flat Spots” P
Slide 11: Mbawa Complex
MBAWA COMPLEX Jurassic ((?)) Clastic and /or Carbonate Depth Structure For personal use only MBAWA 307 sq km-k Jurassic @ 2,800m MBAWA SOUTHWEST 105 sq km MBAWA SOUTH 37 sq km * *
Slide 12: Kenya L8 Mbawa Prospect Sea-Surface Oil Slicks
KENYA L8 MBAWA PROSPECT SEA -SURFACE OIL SLICKS For personal use only Jurassic prospect outline ~ 300 SQ KM MBAWA PROSPECT L8 Cluster of ‘Priority Unassigned’ slicks Base Tertiary outline 179 SQ KM MBAWA PROSPECT Diffuse ‘Priority Unassigned’ slick •Interpreted sea-surface. slicks- possible evidence
Slide 13: Mbawa 3D Survey
MBAWA 3D SURVEY MBAWA 3D SURVEY OPERATIONS AREA ACQUISITION AREA For personal use only NYANGUMI AND TETERE LEADS MBAWA COMPLEX JURASSIC MBAWA COMPLEX RELINQUISHMENT AREA TERTIARY / CRETACEOUS 1879.9 SQ KM RETENTION AREA 5114.9 SQ KM MBAWA COMPLEX TERTIARY / CRETACEOUS KENYA L8 – MBAWA 3D SESIMIC SUR
Slide 14: Kenya Areas
PANCONTINENTAL KENYA AREAS For personal use only KUDU UPDIP KIPINI Prospects & Leads KENYA L6 Oil Slicks * ** ** L6 PCL 40% * * MBAWA * * * Multi-Million Barrel oil and TCF gas Multi- L8 potential onshore / offshore NYANGUMI L8 PCL 25% (Free Carried) Multi- Billion Barrels oil + multi -TCF gas Multi
Slide 15: Kenya L6
KENYA L6 For personal use only * L6 is now 3,134 sq km * Water depths range from onshore to 390m
Slide 16: Kenya L6
KENYA L6 Kudu For personal use only Updip Kipini *Oil Slicks offshore Kipini-1 Kipini 1 *Kipini 1 encountered good sands and gas Chui shows *Onshore potential >0.5 Tcf gas or 500 Million the Barrels Oil Nyati * The current plan is to q acquire 100+ Km seismic onshore then drill an onshore well Kibok
Slide 17: Kenya L6 Kudu and Kifaru Prospects
KENYA L6 For personal use only 5Km (Appr.) 5Km (Appr.) ---------- ---------- KUDU ONSHORE O S O PROSPECT OS C KIFARU OFFSHORE O S O PROSPECT OS C •Area 40 sq km •Fault independent closure •Potential for - •Water depth 50 to 250m 500 Bcf gas or 200 MmBbls •Area 26 sq km oil recoverable •Potential for
Slide 18: EP & EP
EP 110 & EP 424 For personal use only *Low risk drilling to ~ 1,000m *Known oil province *34 Million Barrel Oil or 100+ Bcf gas g potential *Acquiring adjacent g acreage *Drilling Q3 2010 *PCL 25%
Slide 19: Baniyas Prospect
EP 110 & EP 424 BANIYASS PROSPECT OS C For personal use only AMPLITUDE ANOMALY *Low Low risk drilling to ~ 1,000m *Known oil province **34 Million Barrel O Oil or 100+ Bcf gas potential *D illi *Drilling Q3 2010 *PCL 25%
Slide 20: Strike Oil
\ XY ; R \ \ f ' = 1 fo @StrikeOil
Slide 21: EP / R1 Location and Top Nullara Depth Structure
EP 104 / R1 For personal use only PCL 10% AUSTRALIA EP 104 / R1 LOCATION & TOP NULLARA DEPTH STRUCTURE
Slide 22: Stokes Bay
EP 104 / R1 STOKES BAY 1 For personal use only *Drilled 2007, not fully tested *Possible ~ 100m gas column, or oil column *Updip from Point Torment gas discovery *Renewed testing 2010 *PCL 10%
Slide 23: For personal use only
PANCONTINENTAL OIL & GAS NL
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