Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — ASX Spotlight Investor Conference 2017
18 slides from Carnarvon Energy's conference presentation, May 30, 2017
Slide 1: ASX Spotlight Investor Conference
For personal use only ASX Spotlight Investor Conference 30 May 2017 in Singapore 1 June 2017 in Hong Kong
Slide 2: Disclaimer
Disclaimer For personal use only The Resource estimates outlined in this report have been prepared by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga has over 25 years’ experience in petroleum exploration and engineering. Mr Huizenga
Slide 3: Our business
Our business For personal use only Upstream E&P, offshore North West Australia (“NWS”) One of the most prolific oil and gas regions in the world 3
Slide 4: Snapshot
For personal use only 4 Snapshot
Slide 5: Portfolio construction
Portfolio construction For personal use only 5
Slide 6: Our portfolio
Our portfolio For personal use only Buffalo CVN 100% Labyrinth Maracas CVN 100% CVN 100% Outtrim CVN 28.5% Phoenix project CVN 20 – 30% Cerberus CVN 100% 6
Slide 7: Multiple basin unlocking discoveries
Phoenix project – historic flow test For personal use only Multiple basin unlocking discoveries With commercial flow rates achieved in recent testing activities Roc-2 well flowed at 53 mmscf and 2,943 barrels of condensate per day in 2016 7
Slide 8: Roc at commercial threshold
Phoenix project - Roc at commercial threshold For personal use only Roc 2C resource estimate 332 Bcf of gas and 20 mmbbls of condensate High quality gas and condensate 8 Refer to Carnarvon’s ASX announcement of 14 November 2016 for comprehensive details of these volume estimates. Resources are calcu
Slide 9: History
Phoenix project - history For personal use only 9
Slide 10: Future
Phoenix project – future* * Indicative activities For personal use only 10
Slide 11: Dorado-1 well
Phoenix project - Dorado-1 well For personal use only Roc discoveries in Caley interval Caley primary target in Dorado Large structure clear on 3D seismic Highly generative source rocks the same that charge Roc Gas / condensate Dorado-1 well rig tenders currently being sought 11
Slide 12: Phoenix South-3 well
Phoenix project – Phoenix South-3 well For personal use only 2014 Phoenix South-1 well recovered light oil at the Barret interval 2016 Phoenix South-2 well discovered gas and condensate in Caley interval High gas influx and pressures positive for porosity (higher volume) and permeability (higher flo
Slide 13: Multi Tcf potential around Roc + condensate
Multi Tcf potential around Roc + condensate For personal use only * Gross volumes, CVN 20%, resources comprise light black oil, gas and associated condensate, Pmean basis 13 Refer to Carnarvon’s ASX announcements of 14 November 2016 and 28 March 2017 for comprehensive details of these volume estimat
Slide 14: Infrastructure & markets
Phoenix project - infrastructure & markets For personal use only Phoenix project LNG export Gas for Gas for industrial / mining retail users 14
Slide 15: Commodity assumptions
Commodity assumptions For personal use only 15
Slide 16: Project metrics
Project metrics For personal use only Reindeer2 Roc3 Dorado1 Phoenix South1 (Caley 1 sand) Gas (Bcf) 468 332 545 489 Oil (million barrels) 2 20 32 74 Barrels of oil equivalent (million) 84 78 127 160 Revenue US$3.4 bn Development and abandonment (US$1.4 bn) Operating costs (US$0.5 bn) Petroleum reso
Slide 17: Wrap up
For personal use only 17 Wrap up
Slide 18: Think Different, Act Different
For personal use only Think Different Act Different 18
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