Central Petroleum Limited · ASX:CTP

Central Petroleum — Investor Presentation (July 2014)

17 slides from Central Petroleum's investor presentation, Jul 3, 2014

  1. Slide 1: Producing Results – Investor Presentation Sydney

    For personal use only Central Petroleum Limited (ASX:CTP) Producing Results Investor Presentation ‐ Sydney Thursday, 3rd July 2014 0

  2. Slide 2: Disclaimer

    Disclaimer For personal use only 1.This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc

  3. Slide 3: Overview

    Overview For personal use only  Oil & Gas Producer with Oil at Surprise and Gas at Palm Valley  Gas Sales in June earnt over $0.5 Million in revenue  Crude Sales in June will earn around $0.8 Million in revenue  Southern Georgina JV Phase 1 Drilling Programme commenced  Mt Kitty drilled but fur

  4. Slide 4: Palm Valley & Dingo – A Strategic Play

    Palm Valley & Dingo – A Strategic Play For personal use only DINGO DEVELOPMENT  50km pipeline to Alice Springs through the MacDonnell Ranges  Development of Dingo (including pipeline) costs around $24 Million financed through $30 Million Macquarie Facility  Retention Licences 3 & 4 offer incremen

  5. Slide 5: Palm Valley & Dingo – A Strategic Play (Continued…)

    Palm Valley & Dingo – A Strategic Play (Continued…) For personal use only DINGO  Sales contract with Power & Water Corporation (PWC)  From 2nd Calendar Quarter 2015, 1.2 PJ pa commences  Flow test was nearly double prognosis  Seeking near term incremental sales FINANCING  Obligation to repay 50

  6. Slide 6: Palm Valley & Dingo - Transaction Overview

    Palm Valley & Dingo ‐ Transaction Overview For personal use only PURCHASE PRICE ($35M)  $20 Million Cash  39 Million CTP Shares (11.4% interest) TRANSACTION FUNDING  Cash requirement of transaction is fully funded through a $50 Million Macquarie debt Facility:  $20 Million Acquisition Finance 

  7. Slide 7: Asset Overview

    Asset Overview For personal use only Key Assets Palm Valley Field  Reserves*: 53 BCF (~10 MMBOE) Depth map, Pacoota sst  After completion of Dingo, CTP will own a 50km pipeline giving it access to Alice Springs & NT Markets  CTP will have 100% interest in all reserves & field infrastructure Estim

  8. Slide 8: Asset Description Table

    Asset Description Table For personal use only Palm Valley Dingo History  Discovered in 1965  Discovered in 1981  Producing gas since 1983  Gas production is currently scheduled to begin in early CY2015 Location  120km WSW of Alice Springs  65km South of Alice Springs Area  638km2  470km2 Wel

  9. Slide 9: Location Map – CTP assets with Palm Valley, Dingo

    Location Map – CTP assets with Palm Valley, Dingo For personal use only 8

  10. Slide 10: Amadeus Joint Venture (excl. NW Mereenie)

    Amadeus Joint Venture (excl. NW Mereenie) For personal use only  Stage 1 completion earns Santos 25% interest in Southern Amadeus Exploration Permits 82, 105, 106, 107, 112, EPA147 and RLs 3 & 4  Mt Kitty 1 completion will earn Santos 70% of EP125  Results of ~1500km 2D seismic are encouraging, w

  11. Slide 11: Mt Kitty

    Mt Kitty For personal use only  Free – carried under Santos farm‐in  Flowed at ~500,000 cf/d rate – see earlier releases  Fractured Basement Play is inferred from initial logs  Analogues might be production from fractured basement reservoirs in Vietnam, China, Japan, Indonesia, Egypt, Libya, UK,

  12. Slide 12: About Helium

    About Helium For personal use only  Liquefied to a temperature of ‐268 Celsius ‐ Critical in many medical (e.g. MRIs) and other scientific applications (and party balloons)  Second most abundant element in the observable universe, but relatively rare on Earth  Global shortage of Helium: “crude” h

  13. Slide 13: Helium Processing

    Helium Processing For personal use only  Often done through tail gas on an LNG Plant (micro or otherwise)  Membrane technology could be utilised where LNG is not feasible 12

  14. Slide 14: Southern Georgina Joint Venture

    Southern Georgina Joint Venture For personal use only  Joint Venture with Total  Acquired 974km of seismic  Analysing pre‐existing core hole data, mostly in shallower areas  3 well firm programme will test deeper targets, collect core and hydrocarbon samples  1st well to be spudded in the secon

  15. Slide 15: Surprise

    Surprise For personal use only  Production around 220 BOPD  Tapis quality crude  Earnt revenue of $800,000 in June 14

  16. Slide 16: Summary

    Summary For personal use only  Palm Valley and Dingo – secured infrastructure and production  Amadeus Basin Santos JV ‐ Mt Kitty initial flow at ~500,000 cf/d rate with 9% helium but well/testing incomplete  Southern Georgina Total JV – 3 well program to commence in the second half of July  Surp

  17. Slide 17: Contact Details

    Contact Details For personal use only Central Petroleum Limited 56‐58 Jephson St., Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 16

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