NGE Capital Ltd · ASX:NGE
NGE Capital — New Guinea Energy — Investor Presentation (November 2009)
33 slides from NGE Capital's investor presentation, Nov 5, 2009
Slide 1: November 2009 Corporate Presentation
For personal use only NOVEMBER 2009 OCTOBER 2009 1
Slide 2: Important Notice
For personal use only IMPORTANT NOTICE The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluation New Guinea Energy Ltd. While management has taken every effort to
Slide 3: PNG General Overview
For personal use only PNG GENERAL OVERVIEW PNG is a stable, pro-development, low tax country offering excellent fiscal returns PNG fiscal terms ranked 8th in the world, 3rd in region Limited portfolio acreage available in Asia Southeast Asia Multi-Nationals and National Oil Companies in ‘land grab’
Slide 4: Capital Structure at October '09
For personal use only CAPITAL STRUCTURE at 30 OCTOBER ‘09 ASX Code: NGE No of Shares: 557,422,778 Market Cap: A$111million (at $0.20) Options: 7,500,000 exercisable @ $0.275 cents before 28 August 2011 12,000,000 exercisable @ $0.30 cents before 1 March 2012 2,000,000 exercisable @ $0.25 cents befor
Slide 5: Overview of Players
For personal use only OVERVIEW OF PLAYERS PNG Oil & Gas Value Curve (at current oil price) Market Capitalisation $5bn $1bn $200m $100m Prospects Discoveries Production Profits Superior profits & reserves 5
Slide 6: Overview of Players
For personal use only OVERVIEW OF PLAYERS 6
Slide 7: Mapped Overview of Region
For personal use only MAPPED OVERVIEW OF REGION 7
Slide 8: Overview of Region
For personal use only OVERVIEW OF REGION April 2009 – Oil Search (OSL) farmed into Eaglewood Energy’s PPL 260 including approximately 55km of seismic. May 2009 – Rift Oil farmed out to Sasol to fund four wells and 100km of 2D seismic in PPL 235. – Horizon Oil farmed out 50% of PRL 4 and 24.82% of PR
Slide 9: Commercial Map of Papua New Guinea
iE Guinea “eneray COMMERCIAL MAP OF PAPUA NEW GUINEA www.ngenergy.com.au
Slide 10: Excellent Assets
For personal use only EXCELLENT ASSETS NGE possesses one of the last available highly prospective, onshore, non-aligned acreage positions in SEA Six onshore licences, 13 million net acres (52,000 km2) , 100% interest 1 Billion bbls oil and 15 TCF of gas discovered in adjacent licences Farm in agreem
Slide 11: NGE Is a Major Licence Holder in PNG
For personal use only NGE IS A MAJOR LICENCE HOLDER IN PNG Very large, controlled acreage position NGE acreage encompasses several petroleum play types NGE Drill ready oil & gas prospects Upcoming two year program includes up to 6 wells and significant seismic acquisition 11
Slide 12: Prospects
For personal use only PROSPECTS Prospective Resource PPL 7 Prospects Pmean MMBOE 266 Lake Murray West 199 267 Panakawa 187 269 Tarim - Alene Oil and Deep Gas Case, OR 66 - Alene Gas and Deep Gas Case 41 269 Sepalosiphon (65% within PPL269) 46 269 Thelasis 44 269 Thelymitra 49 269 Ridlegella 50 TOTAL
Slide 13: Leads
For personal use only LEADS Prospective Resource PPL 10 Top Leads Pmean MMBOE 266 Aiambak 184 269 Amdi 466 269 Burnet 174 268 Eulophia 474 269 Gu River 80 269 Muir 141 267 Paradise 62 269 Schoenorchis 104 269 Stanley North 21 269 Surprise North 84 TOTAL 1790 13
Slide 14: 2009-2010 Work Program
For personal use only 2009-2010 WORK PROGRAM 2009 Program 1 well in PPL 267 4 seismic programs in PPLs 265, 266, 268, 269 G&G work all licences 2010 Program 1 well in PPL 269 and 1 well in PPL 268 2 seismic programs in PPLs 267, 277 G&G work all licences 14
Slide 15: Current Position
For personal use only CURRENT POSITION Refreshed Board and Management AUD$7M has been raised since March 2009 AUD$4.6M in cash reserves at 30 September 2009 Market cap increased significantly since early 2009 to AUD$137.5M (at $0.25) Share price range of $0.026 in February 2009 to $0.295 in Septembe
Slide 16: Corporate Directory
For personal use only CORPORATE DIRECTORY Directors Michael Arnett Executive Chairman Archipelago Resources PLC, NRW Holdings Limited, Nexus Energy Limited, Anzon Energy Limited (Past), Anzon Australia Ltd (Past). Sir Michael Bromley Non-Executive Director Heli Niugini Limited, Chemica Limited, Stea
Slide 17: Roadshow Timetable
For personal use only ROADSHOW TIMETABLE 5th November 2009 - Brisbane 6th November 2009 - Sydney 9th November 2009 - Melbourne 11th November 2009 - General Meeting (Sydney) 17
Slide 18: PNG Licences
For personal use only PNG LICENCES 18
Slide 19: PPL Prospects and Leads
For personal use only PPL 269 PROSPECTS AND LEADS 5 prospects mapped and 34 leads identified Major discoveries on trend Oil potential in west and wet gas potential throughout Stanley Gas Development may extend into PPL 269 Seismic in 2009 and well in 2010 Commercial farmout terms with Talisman Energ
Slide 20: Terms of Farm In for PPL
For personal use only TERMS OF FARM IN FOR PPL 269 Reimbursement of 75% of past sunk costs of A$6.24 million Conduct a seismic program to the value of US$6 million and pay 100% of agreed costs of one well up to a maximum cost of US$15 million to earn a 50% interest. NGE has the option to assign up t
Slide 21: PPL Leads
For personal use only PPL 268 LEADS Sparse seismic control Southern margin of Cecilia Trough gas kitchen Reservoir potential upgraded by recent Puk Puk-1 and Douglas-1 gas discoveries on trend Planned seismic program to detail structure 2009, well in 2010 Commercial farmout terms with Talisman Energ
Slide 22: Terms of Farm In for PPL
For personal use only TERMS OF FARM IN FOR PPL 268 Reimbursement of 50% of past sunk costs of A$2.48 million Conduct seismic program to the value US$5 million to earn a 15% interest. Talisman has the option to drill a well to a maximum cost of US$15 million to earn a further 35% interest. Talisman h
Slide 23: PPL Location Map
For personal use only PPL 267 LOCATION MAP 100km trend of oil seeps identified Panakawa Prospect, surface seep flowing at 5 bbls/day 35 API oil from seep identifies new oil play in Panakawa foreland Prospect 2008 seismic acquired and seep over Panakawa Prospect confirmed a drilling target for 2009 R
Slide 24: PPL Leads
For personal use only PPL 265 LEADS 8 leads identified Foreland gas and oil play in Morehead Graben Gas shows in Mata-1 2009 aero-gravity and magnetics survey delineates likely source areas Late 2009 seismic program to firm drilling target for 2010 24
Slide 25: PPL Prospects and Leads
For personal use only PPL 266 PROSPECTS AND LEADS 1 drillable prospect 16 leads defined by seismic Northeast corner of block high graded due to recent gas discoveries on trend Previous wells drilled by Conoco intersected hydrocarbons in top zone & in second down dip well intersected 30m of water sat
Slide 26: PPL Leads
For personal use only PPL 277 LEADS 13 leads identified Oil and gas condensate potential Test distal Toro reservoir 2008 fieldwork identified new seeps at SE Wage Lead Excellent access in central area along Kutubu Road 26
Slide 27: Strategy for Appraisal, Development & Exploration
STRATEGY FOR APPRAISAL, For personal use only DEVELOPMENT & EXPLORATION Finalise work program and budget arrangements with Talisman Energy Inc on farmout of PPL 268 and PPL 269 Continue to seek joint venture partners in the Company’s other 100% licence interests to expand the planned drilling and se
Slide 28: Strategy for Appraisal, Development & Exploration
STRATEGY FOR APPRAISAL, For personal use only DEVELOPMENT & EXPLORATION Evaluate potential to fast track production by participating in the Stanley Gas Development with new seismic and drilling at Sepalosiphon in PPL 269. Focus own field operations on moderate risk / high reward petroleum prospects
Slide 29: Summary
For personal use only SUMMARY A revitalised New Guinea Energy, with over 52,000 sq kms of oil and gas acreage. PNG is ideally positioned to offer large company partners highly attractive opportunities for diversification and expansion in the booming, yet energy deficient Asia-Pacific. For more infor
Slide 30: Contact Us
For personal use only CONTACT US Sydney Port Moresby New Guinea Energy Ltd New Guinea Energy Ltd Level 22, Gold Fields House PO Box 592 1 Alfred Street Port Moresby Sydney NSW 2000 National Capital District, PNG T: +61 (0) 2 9250 1800 F: +61 (0) 2 9250 1838 T: +675 321 1785 W: www.ngenergy.com.au F:
Slide 31: Appendix A: Fiscal Terms of Major Asian Oil Producers
For personal use only APPENDIX A Fiscal terms of major Asian oil producers 31
Slide 32: Appendix A cont'd: Development Costs
APPENDIX A cont’d For personal use only DEVELOPMENT COSTS PNG estimated development costs allow attractive returns @US$80 Oil Discovery size 11 26 53 million barrels Cost per barrel $36 $22 $16 /bbl Gas Condensate Discovery size 15 29 44 million barrels equiv. Cost per barrel $25 $18 $16 /bbl 32
Slide 33: Appendix A cont'd: PNG Fiscal Terms
For personal use only APPENDIX A cont’d PNG government encourages resource development through attractive fiscal terms: 2% royalty 22.5% Government back-in at cost 30% Profit Tax 100% Tax Deduction on Exploration 33
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