NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Shareholder Meeting (May 2013)
20 slides from NGE Capital's shareholder meeting presentation, May 21, 2013
Slide 1: Annual General Meeting, May 2013
For personal use only Annual General Meeting, May 2013
Slide 2: Disclaimer
The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of New Guinea Energy Ltd and or its various business activities. While management has taken every effort to ensure the accuracy of the material in the presentation, the pre
Slide 3: Contents
Contents For personal use only 1. PNG Oil and Gas Industry Highlights 2. NGE Snapshot 3. NGE Licences 4. NGE Exploration Potential 5. Kaisy Lead 6. Drillingg Rigg 7. Investing in the Community 8. Summary 3
Slide 4: PNG Oil and Gas Industry Highlights
PNG OIL and GAS INDUSTRY HIGHLIGHTS Significant Infrastructure Developments in PNG For personal use only • $19Bn PNG LNG project 80% complete • Stanley Condensate Stripping Plant FID Significant Drilling Results in PNG • P’nyang South: potential vertical gas column of over 650 metres • Ketu-2: gas/c
Slide 5: NGE's Current Position
NGE’s CURRENT POSITION Licence Tenure For personal use only • Received 5 year Licence Extensions, awaiting approval for one remaining NGE licence. Strong Balance Sheet • C h att end Cash d off 1Q 2013 off more than th $9M. $9M Near-term Exploration Potential • Target of potentially more than 50 mill
Slide 6: NGE Licences
NGE LICENCES For personal use only PNG LNG Exxon/Oil Search Potential PNG LNG expansion Talisman/Mitsubishi Royalty Talisman Gas JVs, 50% NGE Aggregation Concept1 Crude/Condensate via waterways NGE Licences NGE Royalty y y Interest 100% NGE 1 Talisman Energy “Western Province Exploration Update” 1 D
Slide 7: Exploration Potential
EXPLORATION POTENTIAL • 5 onshore licences, 29,500km2, 50-100% interest For personal use only • Balanced portfolio of both oil and gas prospects • > 6200MMboe unrisked PIIPI Predominantlyy Oil Plays y Predominantlyy Gas Plays y Licence Unrisked PIIP Prospects / NGE Equity Licence Unrisked PIIP Prosp
Slide 8: PPL 267-1 Kaisy Overview
PPL 267 LICENCE 267-1: 267 1: “KAISY” KAISY OVERVIEW For personal use only • Product, Position, Potential • Product • Nearby 5bpd seep of light sweet crude oil • 35 API • Readily flowable • Little to no pprocessingg required q • Position • Bank of Bamu River • Southern coast of PNG • Potential • > 5
Slide 9: Kaisy Lead
KAISY LEAD KAISY OVERVIEW For personal use only • Scout trip completed week of May 13th • Potential > 50 mmbls unrisked oil in-place, circa one-third recoverable • Lead accessible by barge • Imaged by 6 seismic lines • >11 km2 closure at the Alene and Toro horizons • >65m of reservoir quality sands
Slide 10: Kaisy Lead: Rollover Anticline Target
KAISY LEAD: ROLLOVER ANTICLINE TARGET SOUTH NORTH For personal use only Top Darai Limestone Base Darai Limestone Alene Sandstone Toro Sandstone Basement 10
Slide 11: Kaisy: Swampy Terrain
KAISY: SWAMPY TERRAIN For personal use only 11
Slide 12: Kaisy: Seismic Challenges
KAISY: SEISMIC CHALLENGES For personal use only 2km wide tidal river crossing 12
Slide 13: Kaisy: Drilling Challenges
KAISY: DRILLING CHALLENGES For personal use only Limited high ground for rig pads 13
Slide 14: Kaisy: Drilling Challenges
KAISY: DRILLING CHALLENGES For personal use only Village locations suggest high ground 14
Slide 15: Kaisy: Logistic Challenges
KAISY: LOGISTIC CHALLENGES For personal use only Nearest airstrip 35km west at Emeti 15
Slide 16: Kaisy Forward Plan
KAISY FORWARD PLAN Subject to seismic results and financing For personal use only 16
Slide 17: Drilling Rig
DRILLING RIG For personal use only Drilling Rig Context • Significant drilling activity in PNG • Few suitable, available drilling rigs in the region • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a fit-for-purpose drilling rig optimised to move with a medium-
Slide 18: Investing in the Community
INVESTING IN THE COMMUNITY For personal use only Context • 7 million people • 80% rural population • About 30 rural doctors NGE, QRME, and Hope4Health helping PNG with • Rural health education • Clinical placements • Clinical literature • Teaching literature • Clinical equipment 18
Slide 19: Summary
SUMMARY For personal use only W ll positioned Well iti d in i PNG • 5 onshore licences 29,500km2, 50-100% interest – 1 royalty licence • Balanced portfolio of both oil and gas prospects with >6,200MMboe unrisked PIIP • 4 out of 5 licences recently extended for a further 5 years • Solid balance sheet
Slide 20: New Guinea Energy Contact Details
NEW GUINEA ENERGY CONTACT DETAILS For personal use only Sydney S d Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Suite 401 Level 5 Level 4 Pacific MMI Building 2-10 Loftus St Champion Parade Sydney NSW 2000 Port Moresby PNG T: +61 (0) 2 9252 0010 T: +675 321 1785 F: +61 ((0)) 2 9252 0039