Prominence Energy Limited · ASX:PRM

Prominence Energy — Sun Resources NL — Investor Presentation (December 2010)

14 slides from Prominence Energy's investor presentation, Dec 3, 2010

  1. Slide 1: ASX lodgement letter for Investor Briefing Presentation

    110 ABN 69 009 196 810 (Incorporated in Western Australia) Unit 16 Subiaco Village 531 Hay Street, Subiaco WA 6008 PO Box 1786, West Perth WA 6872 T +61 8 9388 6501 F +61 8 9388 7991 3 December 2010 ASX Limited Company Announcements Level 4, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam LODGEMENT

  2. Slide 2: Investor Briefing

    INVESTOR BRIEFING Matthew Battrick Managing Director December 2010

  3. Slide 3: Investment Highlights

    Investment Highlights Drilling to commence next month at L20/50 onshore Thailand to test 90mmbo potential:  On trend and adjacent to Thailand’s two largest producing onshore oil fields  Program includes 2 firm wells plus 1 contingent well  Sun & Carnarvon currently at 50% working interest each. P

  4. Slide 4: Corporate Overview

    Corporate Overview Capital Structure 12 Month Share Price Performance Ordinary shares1 414.3 million Market capitalisation at 7 cents $29 million Options and partly paid shares (all 10.8 million out of the money) Convertible notes 2 $3.1 million Cash @ 30 November 20103 $6.7 million Top 20 ~38%, Dir

  5. Slide 5: L20/50, Thailand – Located Close to Production

    L20/50, Thailand – Located Close to Production  Carnarvon Petroleum Ltd is Operator & has excellent local expertise Sirikit Oil Field  Carnarvon has had multiple onshore 200+ mmbbl reserve discoveries in the last two years ~20,000 bopde  Sun & Carnarvon currently at 50% WI  On trend with largest

  6. Slide 6: L20/50 - Previous Wells Missed Source Kitchen & Traps

    L20/50 - Previous Wells Missed Source Kitchen &Traps NNW Nong Bua-1 SSE well Krai Thong Prospect Kitchen

  7. Slide 7: L20/50 - Three 'Drill-ready' Prospects Defined

    L20/50 - Three ‘Drill-ready’ Prospects Defined Drilling January 2011 – Targeting Up To 90 mmbo  Year-2 seismic investment delivered 23 Leads & Prospects, 5 play types  Sun will test up to 3 separate play types in this program  Targeting classic, stacked sandstone reservoirs with potential for fra

  8. Slide 8: L20/50, Well #1 – Tapao Kaew Prospect

    L20/50, Well #1 – Tapao Kaew Prospect  4-way anticlinal structure with stacked targets, immediately adjacent to source kitchen  The well will test oil at 3 prospective reservoir horizons above a total depth (T.D.) of 1,715 metres  Gross speculative potential, recoverable resources: 21 million bar

  9. Slide 9: L20/50, Well #2 – Krai Thong Prospect

    L20/50, Well #2 – Krai Thong Prospect Well location  Faulted anticlinal structure with multiple targets  Will test oil at 2 prospective reservoir targets above a T.D. of 1,450 metres  Gross speculative potential, recoverable resources: 37 million barrels  Expected to spud in February 2011 Krai T

  10. Slide 10: L20/50, Well #3 – Chalawan Prospect

    L20/50, Well #3 – Chalawan Prospect (contingent) Well location  Tilted fault block structure with multiple targets, similar to Sirikit-style structure that provides significant production  Directly up-dip from the source kitchen  Will test oil at two targets above a T.D. of 950 metres  Gross spe

  11. Slide 11: North-West European Farm-in Opportunity

    North-West European Farm-in Opportunity  Non-binding agreement to earn 15%WI in the concession* The Permo-  Testing prospective conventional gas Carboniferous to target of Triassic basins of NW • 720 BCF (Pmean) Europe are prolific • 1.4 TCF (P10 Upside ) producers of both oil  Net cost to Sun =

  12. Slide 12: Summary Highlights

    Summary Highlights Thailand drilling to commence next month!  Drilling up to 3 wells; 90 million barrel spec. oil potential  Testing potential value net to Sun of up to $689 million ($18/barrel NPV)  Located between Thailand’s two largest producing onshore oil fields  Proximity to infrastructure

  13. Slide 13: For more information and regular updates

    For more information and regular updates: Visit us @ www.sunres.com.au Call us on +61 8 9388 6501 12

  14. Slide 14: Important Information - Disclaimer

    Important Information - Disclaimer This document has been prepared by Sun Resources NL for the purpose of providing a comprehensive company and technical overview to interested analysts/ investors. Any statements, opinions, projections forecasts or other material contained in this document do not co

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