Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Investor Presentation (October 2011)
29 slides from Pancontinental Energy Nl's investor presentation, Oct 20, 2011
Slide 1: Investor Presentation October 2011
Investor Presentation October 2011 ASX : PCL For personal use only MALTA • AREA 5 • AREA 4 BLOCK 3 AUSTRALIA CANNING BASIN • EP 104 / R1 • L15 NAMIBIA WALVIS BASIN • EL 0037 KENYA • L6 • L8 • L10A • L10B AUSTRALIA CARNARVON BASIN • EP 424 • EP 110
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, redistributed or pass on, directly or indirectly, to any other person or published, in whole or part, by any medium or for any purpose. Failure to
Slide 3: Introduction
Introduction • ASX listed E&P company focussed on Kenya (East Africa), Namibia (West Africa) and Malta For personal use only • Early mover advantage for African oil & gas ensuring PCL is well positioned relative to peers • Interests in four offshore Kenya licences as well as a large 17,000km2 licenc
Slide 4: Corporate Overview
Corporate Overview Share Price A$ Volume 7 For personal use only 8 3 4 5 6 2 1 Capital Structure Shareholders Company Progress 1. Origin Energy divestment of Block L8 to ASX Code: PCL Apache Share Price: A$0.105 2. Kenya Government offers new PSC on Blocks Mgmt & L10A & L10B Shares on Issue: c.661M
Slide 5: Asset Overview
Asset Overview For personal use only Block Area (km2) PCL Interest (%) Operator (%) Partners (%) Kenya L6 3,100 40.0% Flow Energy (60%) Flow Energy (60%) Kenya L8 5,115 15.0% Apache (50%) Apache (50%) Origin Energy (20%), Tullow (15%) Kenya L10A 4,962 15.0% BG (40%) BG (40%) Cove (25%), Premier (20%
Slide 6: Kenya – 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 become one of the largest oil and gas exploration plays over the next decade • Recent farm-i
Slide 7: Significant long term holdings in prime exploration areas
Kenya • Significant long term holdings in prime exploration areas For personal use only • Major partners with successful East African track record • Very large prospect potential Somalia Ethiopia L6 - 3,100km2 Flow 60% Somalia Pancontinental 40% KENYA L8 – 5,115km2 Apache 50% KENYA Origin 20% Pate 1
Slide 8: L6 & L8 Slicks
Kenya L6 & L8 Slicks KENYA L6 & L8 For personal use only • L6 + L8 Total 8,200km2 • Water depths 0 to 1300m & onshore • Prospects associated with slicks in both areas L6 Slicks L8 http://www.pancon.com.au 8
Slide 9: L6 Kifaru Prospect
Kenya L6 Kifaru Prospect Kenya L6 For personal use only • 3,100 Km2 • Water depth 0 to 300m • Kifaru- main prospect adjacent to interpreted hydrocarbon kitchen / trough • 3D over 2 prospects 2011 • Drilling 2012 KIFARU PROSPECT http://www.pancon.com.au 9
Slide 10: L8
Kenya L8 L8- 5,100 Km2 For personal use only • Water depth 0 to 1,300m • Mbawa drilling planned 2012 • Farmins by Apache and Tullow • New operator Apache looking at rig availability *NOTE-Potential volumes are Pancontinental projections and do not necessarily reflect those of other joint venture par
Slide 11: L8 – Mbawa
Kenya L8 – Mbawa MBAWA PROSPECT 800m WATER DEPTH For personal use only TURBIDITE AND CHANNEL SANDS ? TOE THRUST PLAY POSSIBLE TERTIARY “FLAT SPOTS” TERTIARY / CRETACEOUS “FLAT SPOT” POSSIBLE LOWER “FLAT SPOT” TILTED JURASSIC FAULT BLOCKS 0 Km(approx) 2 http://www.pancon.com.au 11
Slide 12: L8 – Mbawa
Kenya L8 – Mbawa For personal use only • One well to about 3,500m will test multiple targets Sea • Water depths of approximately 800m & Sea floor – 800m accessible with modern equipment Lamu Limestone 1,000m Simba Shale Tertiary EARLY PALAEOGENE BASIN FLOOR Kipini Shale TURBIDITE ‘FAN’ SANDS (Kipini
Slide 13: L10A & L10B
Kenya L10A & L10B Two new blocks awarded on 17 May 2011 For personal use only • Effective Date 17 August 2011 • 10,000 km2 • Water depth 200m to 1,800m • Interpreted oil “kitchen” troughs • Notable partners- BG Group, Premier Oil, Cove Energy • “Fast Track” exploration programme L6 L10A – 4,962km2 B
Slide 14: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only L10A & L10B KENYA Pancontinental 15% • 5 Play Types • > 10 Leads • 3D & 2D late 2011 Mombasa • 2 wells 2013 -2014 L10A • Awarded May 2011 • 10,000 km2 • Water depth 200m to 1,800m • Interpreted oil “kitchen” troughs • Notable partners- BG Group, Premie
Slide 15: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only Upper Jurassic Reef Tertiary / Upper Cretaceous anticline Miocene reef Cretaceous Miocene reef Mega-channel Cretaceous Mega-channel http://www.pancon.com.au 15
Slide 16: L10A & L10B – Leads
Kenya L10A & L10B – Leads For personal use only Olkaria Lead Tertiary / Upper Cretaceous anticline Upper Jurassic reef http://www.pancon.com.au 16
Slide 17: Namibia – Interest is Heating Up!
Namibia – Interest is Heating Up! • PCL has been active in Namibia for over 5 years and has an early mover advantage For personal use only • Namibia has recently experienced an upsurge in industry interest due to the geological similarities between it and that of offshore Brazil • Recent farm-in dea
Slide 18: Namibia EL 0037
Namibia EL 0037 NAMIBIA NEW LICENCE EL0037 For personal use only • Petroleum Agreement & Exploration Licence signed 28/6/11 • Pancontinental 85% & Operator • 17,295 km2 offshore • Water depth 0 - 1,500m • Turbidites, ponded fans, channels in graben and slope setting • Excellent regional source rock,
Slide 19: Namibia EL 0037
Namibia EL 0037 For personal use only NAMIBIA EL 0037 • Pancontinental 85% & Operator • 17,295 km2 offshore • Awarded June 2011 Fully Oil-Mature Source Rocks in “Inner Graben” • Water depth 0 - 1,500m • Turbidites, ponded fans, channels in graben and slope setting • Excellent regional source rock, o
Slide 20: Namibia – Prospectivity
Namibia – Prospectivity Breakup Unconformity to Base For personal use only EL LOCATION Tertiary Interpretation – A package of rich oil source rocks, reservoirs and seals 3 Oil Source Rocks Onlapping Turbidites SLOPE ENVIRONMENT 4 Ponded Turbidites & Basin Floor Fans Early Cretaceous Aeolian & Incise
Slide 21: Namibia – Source Rock
Namibia – Source Rock For personal use only http://www.pancon.com.au 21
Slide 22: Investment Highlights
Investment Highlights East and West Africa expected to host some of the largest Growing Portfolio of East & West O&G exploration plays in the next decade For personal use only African Assets and more PCL to leverage its early mover advantage offshore Africa having secured highly prospective acre
Slide 23: Board & Management
Board & Management Mr Henry David Kennedy, Chairman Mr Kennedy has had a long association with Australian and New Zealand resource companies. As a technical director he has been instrumental in the For personal use only formation and/or development of a number of successful listed companies. These i
Slide 24: Contact Information
Contact Information For personal use only Pancontinental Oil & Gas NL Ground Floor, 288 Stirling Street Perth, WA 6000 Australia Tel: +61 (8) 9227 3220 Fax: +61 (8) 9227 3211 http://www.pancon.com.au http://www.pancon.com.au 24
Slide 25: Appendices
For personal use only Appendices http://www.pancon.com.au 25
Slide 26: Malta: Area 5 & Area 4 – Block 3
Malta: Area 5 & Area 4 – Block 3 Malta: For personal use only • Libyan geology in Maltese waters • Several Prospects already identified- now requiring 3D • Very large volumetric potential in main prospects • Negotiating reinstatement of ESA http://www.pancon.com.au 26
Slide 27: Malta – Chianti Prospect
Malta – Chianti Prospect For personal use only • Libyan geology in Maltese waters • Chianti Prospect – interpreted large carbonate “reef” prospect http://www.pancon.com.au 27
Slide 28: Australia – EP 424 & EP 110
Australia – EP 110 & EP 424 EP 110 & EP 424 For personal use only • PCL – 38% • Known oil province • Baniyas prospect on trend to producing oil fields • Water depth of 10m http://www.pancon.com.au 28
Slide 29: Australia – EP 104 / R1 & L15
Australia – EP 104 / R1 & L15 EP 104 / R1 / L15 For personal use only • Looking for oil on-trend to Blina etc PCL • West Kora L15 oil redevelopment PCL 12% http://www.pancon.com.au 29
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