Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Shareholder Meeting (November 2008)
16 slides from Pancontinental Energy Nl's shareholder meeting presentation, Nov 27, 2008
Slide 1: Annual General Meeting 2008 Operations Review
For personal use only PANCONTINENTAL OIL & GAS NL ANNUAL GENERAL MEETING 2008 OPERATIONS REVIEW NOVEMBER 2008 BR 4
Slide 2: Disclaimer & Confidentiality Notice
Disclaimer & Confidentiality Notice For personal use only The information contained in this Presentation or subsequently provided to the Recipient of this Presentation whether orally or in writing by or on behalf of Pancontinental Oil & Gas NL (“PCL”) or their respective employees, agents or consult
Slide 3: Project Areas: Namibia
PANCONTINENTAL OIL & GAS PROJECT AREAS For personal use only NAMIBIA
Slide 4: Exploration Potential
PANCONTINENTAL OIL & GAS EXPLORATION POTENTIAL For personal use only Un-risked Speculative Potential ? (Pmean Gross Oil Reserves) 2,500 PCL Kenya 2 Billion Barrels 2,000 Millions of Barrels 1,500 PCL Malta 1,000 1 Billion Barrels PCL Morocco PCL Australia 500 0 a ll5o e i t ay 1 3 7 9 11 13 15 17 19
Slide 5: Kenya L6, L8, L9
KENYA L6, L8, L9 L6 For personal use only •Gippsland (Op.) 60%, Pancontinental 40% •Significant onshore gas potential and offshore oil and gas potential •Offshore prospects associated with sea surface hydrocarbon slicks •Cost - effective exploration, with potential for ready commercialisation of any
Slide 6: Kenya L6
KENYA L6 For personal use only KENYA L6 •Pancontinental 40% •8 Prospects in 5 clusters •Individual Prospect Potential Range 100 Bcf to 1 Tcf gas or 40 to 500 MmBbls oil recoverable •Drill depths 2,000m to SLICKS 3,000m onshore & offshore •Excellent contractual terms •Sea surface slicks near main pro
Slide 7: Kenya L6 Commercial Potential and Planned Activities
KENYA L6 COMMERCIAL POTENTIAL AND PLANNED ACTIVITIES KENYA L6 For personal use only *Kenya 100% import reliant for oil and gas supplies *Potential for local / national gas development, including power generation locally and in Mombassa (existing diesel power plant) *EIGHT PROSPECTS - Five clusters,
Slide 8: Kenya L8 & L9
KENYA L8 & L9 For personal use only KENYA L8 & L9 •Pancontinental 50% reducing to 25% •Major prospects of world-class size •Individual Prospect Mean Potential up to 7.8 TCF gas or 5 + Billion Barrels oil in place •3 Main Prospects •Multiple follow-up in moderate water depths after discovery •Excelle
Slide 9: Kenya L8 & L9 Commercial Potential and Planned Activities
KENYA L8 & L9 COMMERCIAL POTENTAIL AND PLANNED ACTIVITIES For personal use only KENYA L8 & L9 *Kenya 100% import reliant for oil and gas supplies *Potential for local / national gas development, including power generation locally and in Mombassa (existing diesel power plant) *Large prospect size and
Slide 10: Namibia RL1/2007
NAMIBIA RL1 / 2007 •Pancontinental 100%; agreement with Key Petroleum to reduce to 50% For personal use only •Authorities notified of intention to seek a full production sharing licence over part of RL area •Finalising preliminaries prior to negotiating licence NAMIBIA RL1 / 2007 LOCATION MAP
Slide 11: Malta Area 4 Block 3
MALTA AREA 5 & BLOCK 3 of AREA 4 For personal use only MALTA AREA 5 & AREA 4 / BLOCK 3 •Pancontinental 80% •Farmed out to Anadarko- earn 65% through seismic and one well •Work currently suspended. Joint venture participants await advice from the Government of Malta allowing a resumption of explorati
Slide 12: Morocco Mediterranee Est Block
MOROCCO MEDITERRANEE EST BLOCK For personal use only MEDITERRANEE EST BLOCK •No progress on territorial boundary discussion MOROCCO LOCATION MAP
Slide 13: Australia EP 110 & EP 424
AUSTRALIA EP 110 & EP 424 For personal use only EP 110 & EP 424 •Pancontinental 25% •Mapping and economic studies during the year •Entire Baniyas Prospect has potential up to 44 million Bbls of oil and potential for gas up to 111 Bcf. In EP 424 the potential is up to 37 Bcf of gas and up to 15 milli
Slide 14: Australia EP / R1 Location & Top Nullara Depth Structure Map
For personal use only PANCONTINENTAL 10% AUSTRALIA EP 104 / R1 LOCATION & TOP NULLARA DEPTH STRUCTURE MAP
Slide 15: Stokes Bay Project Testing
STOKES BAY PROJECT STOKES BAY 1 TESTING 2007 For personal use only Stokes Bay 1 was drilled late 2007. The well penetrated a 40 to 45 metre intersection of cavernous Nullara limestone. Some 12,000 Bbls of drilling mud was lost to the formation and high gas readings were seen. Testing recovered only
Slide 16: New Ventures
NEW VENTURES •Pancontinental has outstanding applications lodged for new projects in Kenya and is progressing a full licence offshore Namibia For personal use only •The company maintains an active outlook for new high-value opportunities.
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