Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Shareholder Meeting (November 2011)
25 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 29, 2011
Slide 1: Annual General Meeting Presentation
ASX: PCL For personal use only MALTA PELAGIAN SHELF PANCONTINENTAL OIL & GAS NL • AREA 5 • AREA 4 BLOCK 3 ANNUAL GENERAL MEETING PRESENTATION 29 November 2011 AUSTRALIA CANNING BASIN • EP 104 / R1 NAMIBIA • L15 WALVIS BASIN • EL 0037 KENYA LAMU BASIN • L6 AUSTRALIA • L8 CARNARVON BASIN • L10A • EP 4
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, For personal use only redistributed or pass on, directly or indirectly, to any other person or published, in whole or part, by any medium or for an
Slide 3: Pancontinental Summary
Pancontinental Summary Pancontinental Oil & Gas is an ASX listed E&P company focussed on Kenya For personal use only • (East Africa) and Namibia (Southwest Africa). ASX code: PCL Growing Portfolio of East & West African • Pancontinental has an “early mover” advantage in Africa ensuring it is well po
Slide 4: Corporate Overview
Corporate Overview 7 Price A$ For personal use only 8 4 3 5 2 6 1 Volume e Capital p Structure Shareholders Company Progress 1. Origin Energy divestment of Block L8 to ASX Code: PCL Apache Share Price: c.A$0.10 2. Kenya Government offers new PSC on Blocks Mgmt & L10A & L10B Shares on Issue: c.661M B
Slide 5: Pancontinental Asset Overview
Pancontinental Asset Overview For personal use only PANCONTINENTAL HAS ESTABLISHED SIGNIFICANT POSITIONS IN AFRICA'S TWO OIL AND GAS HOT SPOTS NAMIBIA EAST AFRICA- KENYA Block Area (km2) PCL Interest (%) Operator (%) Partners (%) Kenya L6 3,100 40.0% Flow Energy (60%) Flow Energy (60%) Kenya L8 5,11
Slide 6: East Africa – Interest is Heating Up!
Kenya – Interest is Heating Up! • PCL has been active in Kenya for over 10 years and has an early mover advantage For personal use only • Industry analysts continue to report East Africa has the potential to be one of the largest oil and gas exploration plays over the next decade. Multiple gas disco
Slide 7: Pancontinental Offshore Kenya
Pancontinental Offshore Kenya PANCONTINENTAL OFFSHORE KENYA For personal use only • Four blocks totalling >18,000 sq km • Significant long term holdings in prime areas • Major partners with successful East African track record Somalia • Very large prospect potential (> 1 Billion Bbls) Ethiopia L6 -
Slide 8: L6 & L8 Slicks
Kenya L6 & L8 Slicks For personal use only KENYA L6 & L8 • L6 + L8 Total 8,200km2 • Water depths 0 to 1300m & onshore • Major Cretaceous / Tertiary geological trough thought to be oil generating • Prospects associated with slicks in L6 both areas –supporting concept of oil generation Slicks L8 http:
Slide 9: L8
Kenya L8 For personal use only KENYA L8 • PCL 15% • 5,100 Km2 • Water depth 0 to 1,300m • Mbawa drilling planned mid 2012 – PCL free carried by Tullow SLICKS • Farmins a s by Apache pac e a and d Tullow u o 2011 0 • New operator Apache looking at rig availability • Slicks coincide with sea floor exp
Slide 10: L8 – Mbawa
Kenya L8 – Mbawa KENYA L8 MBAWA PROSPECT For personal use only 800m WATER DEPTH •Mbawa potential >4.9 billion barrels oil •Dual superposed “flat spots” consistent with c. 100m gas column over c. 150m oil column •Mbawa Mb ffully ll mapped d on 3D •Deeper Jurassic play has extra potential •Drilling pl
Slide 11: L8 – Mbawa Drilling
Kenya L8 – Mbawa For personal use only MBAWA DRILLING • One Mbawa well to about 3,500m will test multiple targets Sea • Water depths of approximately 800m & Sea floor – 800m accessible with modern equipment 1,000m Lamu Limestone • Main target- Lower Tertiary / Upper Cretaceous • S Secondary d t targ
Slide 12: L6 Kifaru Prospect
Kenya L6 Kifaru Prospect For personal use only KENYA L6 • PCL 40% • 3,100 Km2 • Water depth 0 to 300m • Kifaru- main prospect adjacent to interpreted hydrocarbon kitchen / trough • Farming out 2011 / 2012 • 3D over 2+ prospects 2011 / 2012 • Drilling 2012 / 2013 KENYA L6 EXPLORATION PLAY •Lamu Basin
Slide 13: L10A & L10B
Kenya L10A & L10B For personal use only KENYA L10A & L10B • Two new blocks awarded 17 May 2011 • Effective Date 17 August 2011 • c. 10,000 km2 • Water depth 200m to 1,800m • Interpreted oil “kitchen” troughs • Notable p partners- BG Group, p, Premier Oil,, Cove Energy • “Fast Track” exploration prog
Slide 14: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only KENYA L10A & L10B Extension of Mbawa • Pancontinental 15% Simba Trend • 5 Play Types Trend • > 10 Leads KENYA • 3D & 2D late 2011 Channel Trend • 2 wells 2013 -2014 • Awarded Mayy 2011 • 10,000 km2 Mombasa “Fast Track” exploration L10A • programme • Wa
Slide 15: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only High Amplitudes + ?Phase Reversal Amplitude Shutoff Olkaria Lead Miocene Reefs f Miocene reef Miocene reef Rollover into Fault – Tertiary / Upper Amplitude C t Cretaceous anticline ti li Supported KENYA L10A & L10B • Pancontinental 15% Upper Jurassic U
Slide 16: Namibia – Interest is Heating Up!
Namibia – Interest is Heating Up! • Pancontinental has been active in Namibia for over 8 years and has an early mover advantage For personal use only • Upsurge in industry interest in Namibia due to geological similarities with offshore Brazil • Recent farm farm-in in deals and acquisitions at consi
Slide 17: Namibia EL 0037
Namibia EL 0037 NAMIBIA EL 0037 For personal use only • Petroleum Agreement & Exploration Licence signed 28 June 11 Fully Oil-Mature Source • 17,295 km2 offshore, Pancontinental 85% & Operator Rocks in “Inner Graben” • Water depth 0 - 1,500m • Turbidites, ponded fans, channels in graben and slope se
Slide 18: Namibia EL 0037
Namibia EL 0037 NAMIBIA EL 0037 NAMIBIA EL 0037 For personal use only • Pancontinental 85% & Operator • 17,295 km2 offshore •Excellent oil prone Source Rocks • Awarded June 2011 •Marginal to Early oil maturity proven • Water depth 0 - 1,500m • Turbidites, ponded fans, channels in graben and slope wi
Slide 19: Namibia – Prospectivity
Namibia – Prospectivity For personal use only Breakup Unconformity to Base EL LOCATION Tertiary Interpretation – A package of rich oil source rocks, reservoirs and seals 3 Oil Source Rocks Onlapping pp g Turbidites SLOPE ENVIRONMENT 4 Ponded Turbidites & Basin Floor Fans Early Cretaceous NAMIBIA EL
Slide 20: Namibia – Source Rock
Namibia – Source Rock For personal use only NAMIBIA EL 0037 Regional Source Rock Correlation and Organic Carbon Content (TOC) NAMIBIA EL 0037 •Excellent oil prone Source Rocks •Marginal to Early oil maturity proven within EL 0037, but- • Full Oil Maturity predicted in “Inner Graben” in central EL 00
Slide 21: Malta: Area 5 & Area 4 – Block 3
Malta: Area 5 & Area 4 – Block 3 For personal use only Malta Area 5 & Area 4- Block 3 • “Libyan geology in Maltese waters” • ESA suspended • Injunction being sought against Government of Malta http://www.pancon.com.au 21
Slide 22: Australia – EP 424 & EP 110
Australia – EP 110 & EP 424 For personal use only EP 110 & EP 424 • PCL – 38% • PCL considering divestiture of asset http://www.pancon.com.au 22
Slide 23: Australia – EP 104 / R1 & L15
Australia – EP 104 / R1 & L15 For personal use only EP 104 / R1 / L15 • PCL 10% /12% • Looking for oil on-trend to Blina etc PCL • West Kora L15 oil redevelopment http://www.pancon.com.au 23
Slide 24: Board & Management
Board & Management Mr Henry David Kennedy, Chairman For personal use only Mr Kennedy has had a long association with Australian and New Zealand resource companies. As a technical director he has been instrumental in the formation and/or development of a number of successful listed companies. These i
Slide 25: Contact Information
Contact Information For personal use only Pancontinental Oil & Gas NL G Ground d Fl Floor, 288 Sti Stirling li Street St t Perth, WA 6000 Australia Tel: +61 6 (8) 9227 3220 3 0 Fax: +61 (8) 9227 3211 http://www.pancon.com.au http://www.pancon.com.au 25
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