NuEnergy Gas Limited · ASX:NGY
NuEnergy Gas — Shareholder Meeting (November 2015)
19 slides from NuEnergy Gas's shareholder meeting presentation, Nov 25, 2015
Slide 1: 2015 Annual General Meeting
For personal use only 2015 Annual General Meeting 25 November 2015 1
Slide 2: Discussion Agenda
Discussion Agenda 1. Company Profile For personal use only a. Indonesian Assets Sumatra Basin East Kalimantan 2. Current Indonesian Operations a. South Sumatra Activities b. Central Sumatra Activities 3. Strategy to POD Approval a. Pre-POD Gas Commercialization 4. Latest CBM Regulation a. Minist
Slide 3: Key Highlights
Key Highlights • Strategically Positioned CBM Acreage with 3 Production Sharing Contract (PSC) adjacent to major domestic and For personal use only export gas pipelines, power infrastructure and under supplied gas markets in the prospective Indonesian South Sumatra coal basin. By integrating Dart’s
Slide 4: Indonesian Assets – Sumatra Basin
Indonesian Assets – Sumatra Basin NuEnergy has significant CBM gas interests in Sumatra: For personal use only 1. Muara Enim PSC - (partner - Pertamina) - NuEnergy as Operator, 40% revenue share – Current Acreage 587 km² 2. Muara Enim II PSC - (partner - Pertamina and Sugico) - NuEnergy as Operator,
Slide 5: Activities
For personal use only Activities & 5
Slide 6: South Sumatra PSCs in Strategic Infrastructures
South Sumatra PSCs in Strategic Infrastructures 3500 For personal use only Total Central and So. Sumatera Supply-Demand 3000 2500 MMSCFD 2000 1500 1000 500 0 2010 2013 2016 2019 2022 2025 Contracted Demand Committed Demand Potential demand Supply (Conventional only) Source: National Gas Balance 2010
Slide 7: Indonesia Operations – South Sumatra Status
Indonesia Operations – South Sumatra Status Results to date: • RPS Group Plc independent resource estimate shows For personal use only 97.5 Billion Cubic Feet (BCF) of 3C Contingent gas resources. • Muara Enim PSC gas analysis confirmed an average sales gas content of ~ 98% CH4. This result is expec
Slide 8: South Sumatra Activities - Tanjung Enim PSC
South Sumatra Activities - Tanjung Enim PSC Production Test Commences in Tanjung Enim For personal use only • 3 Core Wells have been successfully drilled to the Target Depth. • Coals have been logged and a cumulative 49 metres of net coal seams have been identified - Muara Enim Formation. • Logs of
Slide 9: Indonesia Operations – Central Sumatra Status
Indonesia Operations – Central Sumatra Status Extensive Geological and Geophysics Studies For personal use only Prior to Drilling Coal Analysis & Resource Estimation • 3 main coal seams targets of Zone A to Zone C in the Korinci Formation are analyzed based on stratigraphy and well lithology. Minas
Slide 10: Central Sumatra – Rengat PSC
Central Sumatra – Rengat PSC For personal use only Well Site at RE-CBM-01CE Drilling of exploratory wells has been successfully completed to the Target Depth. Gas Pipelines Both mud logging and wireline logging have Gas & Oil Fields confirmed prognosis of identifiable coal seams to their depth.
Slide 11: Unlocking
For personal use only UNLOCKING 11
Slide 12: Forward Strategy To POD Approval
Forward Strategy To POD Approval The key focus for management over the next 12 months is to attain 1P/2P reserves migration. Management For personal use only have a proven track record and significant CBM and unconventional expertise to achieve this significant milestone for NuEnergy. 2015 2016 2017
Slide 13: Major Milestones
Major Milestones For personal use only Stage 1: Reserves certification & Resources/Reserves Migration Execute drilling campaigns in the NuEnergy assets which will provide representative information for reserves booking. Utilize geological and reservoir similarities method for resources progressi
Slide 14: Latest CBM Regulation Resolves Outstanding Issues
Latest CBM Regulation Resolves Outstanding Issues For personal use only GOVERNMENT AND REGULATORY ISSUES Drilling De-Watering Pre-POD Exploration Completion Service Regulatory Subsurface Land Issues Procurement Contractors Framework As of 2015, unconventional oil and gas contractors have been awarde
Slide 15: Minister Decree for Non Conventional Oil and Gas
Minister Decree for Non Conventional Oil and Gas The Decree has been issued with its main objective to help the development of Indonesia Non Conventional Oil For personal use only and Gas which includes coal bed methane, shale oil, shale gas, tight sand gas, and methane-hydrate. Regulation of Mini
Slide 16: Three Cooperation Contract Options
Three Cooperation Contract Options Current PSC Sliding PSC Gross PSC For personal use only GROSS REVENUE GROSS REVENUE GROSS REVENUE FTP FTP FTP COST RECOVERY Based on Sliding COST RECOVERY COST RECOVERY Scale EQUITY TO BE SPLIT EQUITY TO BE SPLIT EQUITY TO BE SPLIT GOI SHARE CONTRACTOR SHARE GOI SH
Slide 17: Natural Gas Allocation Policy
Natural Gas Allocation Policy • The Government issued the Minister of EMR’s Regulation Number 37 Year 2015 regarding Requirements For personal use only and Procedures on Natural Gas Allocation, Utilization, and Price. The regulation is the amendment of the Minister of EMR’s Regulation Number 03 Year
Slide 18: Thank You
For personal use only THANK-YOU 18
Slide 19: Disclaimer
Disclaimer • This presentation has been prepared by NuEnergy Capital Limited (“NuEnergy” or the “Company”) and is being provided for For personal use only the sole purpose of providing preliminary background financial, operational and other information to enable shareholders and/or prospective inves