NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Non-Deal Roadshow (June 2012)
24 slides from NGE Capital's roadshow presentation, Jun 25, 2012
Slide 1: Asia Roadshow
For personal use only Asia Roadshow JJune 2012
Slide 2: For personal use only
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. Investor Highlights 2. PNG – World Class E&P Destination 3. Capital Structure 4. Senior Management and Board 5. Strategy and Development Plan 6. Licence Overview 7. Licence Details 8. Milestones Achieved/Planned 9. Conclusion 3
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS Attractive Exploration Portfolio – value backed by external transactions For personal use only • 6 onshore licences 44800km2(11M acres), 50-100% interest • Balanced portfolio of both oil and gas prospects with >8,500mmboe unrisked PIIP • 1Q2012 transactions value NGE’s equity q y
Slide 5: PNG – World Class E&P Destination
PNG – WORLD CLASS E&P DESTINATION For personal use only PNG Oil and Gas Industry • 25Tcf gas discoveries to date • Global LNG demand growth of 6% p.a. for the rest of this decadeI • Asia is 60% of global LNG tradeII with regional demand forecast to continue to outstrip supply • Limited portfolio acr
Slide 6: PNG Oil & Gas Industry Participants
PNG OIL & GAS INDUSTRY PARTICIPANTS For personal use only Chinese Petroleum Co 6
Slide 7: Overview of PNG Plays
OVERVIEW OF PNG PLAYS For personal use only 3 Tf 3+Tcf 10+Tcf 9Tcf Gas/LNG Reserves discoveries Talisman led InterOil led Oil/Condensate E Exxon l d PNG LNG led NGE Licences 1Tcf 7
Slide 8: Western Province Export Routes
WESTERN PROVINCE EXPORT ROUTES For personal use only PNG LNG Potential PNG LNG Expansion Talisman Gas Aggregation Concept I Crude / Condensate via waterways NGE Licences Li 1 Talisman Energy “Western Province Exploration Update” 1 December, 2011. PNG Petroleum Seminar 8
Slide 9: Capital Structure
CAPITAL STRUCTURE ASX Code: NGE Trading Statistics For personal use only # of Shares Listed: 846,541,193 (ASX:OTCQX = 50:1) 12 Months Market Cap: A$40 million As at 8/5/12 $0.06 Latest Cash Position: A$7.5 million (as at 31 March 2012) High $0.18 Fully funded for 2012 Low $0.04 Highest Daily Options
Slide 10: NGE Corporate Directory
NGE CORPORATE DIRECTORY STRONG ENERGY & PNG EXPERIENCE For personal use only BOARD MANAGEMENT Michael Arnett - Executive Chairman Grant Worner - Chief Executive Officer A lawyer with over 20 years’ experience in capital raising and M&A in the mining, oil and gas sector. A director of NRW Holdings Li
Slide 11: Strategy and Development Plan
STRATEGY AND DEVELOPMENT PLAN Achievements to Date For personal use only • Acquired significant asset base in Papua New Guinea – 6 blocks covering 44,800Km2 (11,000 acres) • De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic • 340km of seismic under NGE Operators
Slide 12: Exploration Portfolio
EXPLORATION PORTFOLIO For personal use only • 6 onshore licences, 44800km2, 50-100% interest • Balanced portfolio of both oil and gas prospects • > 8500mmboe unrisked PIIPI 1Q 2012 transactions value NGE’s equity in just 3 licences at more than $120M Predominantly Oil Plays Predominantly Gas Plays L
Slide 13: PPL 277 – Sale and Royalty
PPL 277 – SALE AND ROYALTY For personal use only PPL 277 Context • Licence covering 8,022km2 in the mountainous PNG Highlands parallel to PNG LNG infrastructure • Highly g y prospective p p with potentially p y 10,000Bcf , PIIP1 but veryy expensive, p , even for PNG standards • Exploration involves
Slide 14: PPL 2012 Activity
PPL 277 2012 ACTIVITY • PRL11 Trapia exploration well in 1H12 by ExxonMobil and Oil Search For personal use only • Seismic acquisition • Gain government approvals for work obligation variation and licence extension 2012 Seismic PNG LNG infrastructure to Kutubu and Port Moresby 14
Slide 15: PPL Licence Highlights
Highlights PPL 269 LICENCE • 2000mmboe unrisked PIIP1 • 4 pprospects p and 30+ leads For personal use only A il 2012 – potential April t ti l 650 650m gas column l • Predominantly a gas play NGE Activity • Regional g seismic acquired q in 2011 • Siphon-1 Exploration well drilled as technical success
Slide 16: PPL Licence Highlights
Highlights PPL 268 LICENCE • >200mmboe unrisked PIIP1 • 9 leads For personal use only April 2012 – 50m gas column • Southern margin of Cecilia Trough gas Jan 2012 – 50m gas column kitchen • Predominantly a gas play NGE Activity • Regional seismic acquired in 2011 • Seismic in 1H12 to identify drill
Slide 17: PPL Licence Highlights
Highlights PPL 266 LICENCE • 550mmboe unrisked PIIP1 • 1 drillable prospect and 13 leads For personal use only • Predominantly a gas play NGE Activity • Regional aerogravity data suggests likely hydrocarbon migration pathways into PPL266 • Seismic in 1H12 to identify drill location PPL 235 • Planned
Slide 18: PPL Licence Highlights
PPL 265 LICENCE Highlights For personal use only • >2000mmboe unrisked PIIP1 • 14 leads • Predominantly an oil play NGE Activity • 2009 aerogravity and magnetics survey • 100km seismic to identifyy drill location • Planned drilling in 2012II Regional Activity • Proximityy to potential p LNG route Mo
Slide 19: PPL Licence Highlights
PPL 267 LICENCE Highlights • 1700mmboe unrisked PIIP1 For personal use only • 10 leads l d • 35 API oil from seep identifies oil play in foreland • Predominantly an oil play NGE Activity • 2006 and 2008 seismic acquired over P k Panakawa P Prospect withh surface f seep flowing fl at 5 bbls/day • Wel
Slide 20: Drilling Rig
DRILLING RIG For personal use only Drilling Rig Context • Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone • Few (< 5) suitable, suitable available drilling rigs in PNG • Constrained drilling activity and high costs Mitigation • NGE a 50% JV partner owning a f
Slide 21: Impending Growth Catalysts
IMPENDING GROWTH CATALYSTS 1st Half 2012 For personal use only • PPL265 seismic acquisition • PRL3 P’nyang Appraisal Well (Regional activity) • PPL266 seismic acquisition • PRL21 Elevala Appraisal Well (Regional activity) • New drilling rig in PNG • PRL21 Ketu Appraisal Wells (Regional activity) • P
Slide 22: Milestones Achieved / Planned
MILESTONES ACHIEVED / PLANNED For personal use only 22
Slide 23: Summary
Summary For personal use only W ll positioned Well iti d in i PNG • 44800km2 of land, surrounded by significant discoveries and Oil and Gas majors Potential Upside • Multiple drill targets and leads • 8500mmboe prospective resources • 4 wells planned over next 18 months • PPL277 sale to ExxonMobil a
Slide 24: 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