Pancontinental Energy Nl · ASX:PCL
Pancontinental Energy Nl — Pancontinental Oil & Gas NL — Investor Presentation (October 2014)
36 slides from Pancontinental Energy Nl's investor presentation, Oct 31, 2014
Slide 1: Pancontinental Oil & Gas Investor Presentation
PANCONTINENTAL OIL & GAS INVESTOR PRESENTATION For personal use only October 2014 WORLD-CLASS TARGETS MAJOR PARTNERS HIGH LEVERAGE Targeting a new generation of oil & gas discoveries in Africa © Chris Schmid
Slide 2: Pancontinental Management Team
Pancontinental Management Team For personal use only David Kennedy Barry Rushworth Ernie Myers MA (Geology), BSc (Geology & CPA SEG Marine Sc) Executive Finance Non-Executive Executive Director, Director Chairman Chief Executive Officer Pancontinental Board & Management Anthony Maslin Vesna Petrovic
Slide 3: Corporate Snapshot
Corporate Snapshot First-mover advantage in two emerging offshore oil & gas provinces, For personal use only with >30,000 sq km of tenure Capital Structure PCL ASX Code PCL Kenya: Block Partner Operator % • Emerging Shares on 1,150,994,096 Oil & Gas Kenya 40% FAR FAR Issue province L6 60% Share pric
Slide 4: Investment Highlights
Investment Highlights For personal use only Kenya Offshore 3 Blocks totaling > 15,000 sq km Ground-breaking oil + gas discoveries- 2012 & 2014 Onshore seismic and drilling 2015- L6 Major Prospects being re- assessed after Sunbird discovery- 2014 Up to 3 offshore wells planned 2015 / 2016*
Slide 5: Investment Highlights
Investment Highlights For personal use only PANCONTINENTAL OIL & GAS Long-standing African focus A powerful technical story History of introducing and working with industry heavyweights ------- BG Group, PTTEP, Tullow, Origin and others Partner in the Mbawa Gas Discovery and- The Sunbird-1
Slide 6: Offshore Kenya
For personal use only Offshore Kenya 6
Slide 7: Numerous Prospects and Leads
Numerous NumerousProspects & Leads and Leads Prospects Lamu For personal use only L6 - 5,100 sq km Pancontinental 40% OFFSHORE KENYA KENYA L6 EXPLORATION AREAS Onshore farmed-out for PROSPECTS AND LEADS L6 seismic and drilling L6 Kifaru Reef Prospect Offshore seeking farminee -------------------
Slide 8: Drilling Success Offshore Kenya (1)
Drilling Success Offshore Kenya (1) For personal use only FIRST WELL- DRILLING SUCCESS! Mbawa-1 Gas Discovery September 2012 The First Ever Gas Discovery offshore Kenya! 8
Slide 9: Drilling Success Offshore Kenya (2)
Drilling Success Offshore Kenya (2) SECOND WELL- For personal use only DRILLING SUCCESS! Sunbird-1 OIL Discovery March 2014 The First Ever OIL Discovery offshore Kenya- In fact the first ever Oil Column discovered offshore East Africa! New Oil Play opened offshore Kenya! 9
Slide 10: Kenya L10A & L10B
Kenya L10A & L10B Kenya L10A & L10B Play-opening Sunbird-1 oil discovery For personal use only Numerous large Prospects not yet drilled LOCATION: Lamu Basin, Offshore Kenya Extensive 3D coverage World-class operator – BG Group PROJECT SIZE: 4,962 & 5,585 square kilometres 2 wells possible
Slide 11: Sunbird-1 Discovery Summary
Sunbird-1 Discovery Summary Sunbird-1 has proven the presence of oil and gas systems in the Lamu Basin For personal use only Historic oil find Drilled 2014 off southern Kenyan coast First ever oil column discovered offshore East Africa Proves oil and gas systems in the Lamu Basin Gross oil
Slide 12: Sunbird-1 Discovery
Sunbird-1 Discovery Sunbird-1 found oil in the top of a complex carbonate reef system For personal use only The joint venture is now planning the optimal locations for seeking commercial oil reserves Sunbird- 1
Slide 13: L10A & L10B – the Future
L10A & L10B – the Future Future Exploration………. For personal use only Sunbird-1 discovered oil and gas early 2014 , possible follow-up drilling 2015* Commercial- sized oil targets are now under examination using 3D surveys totalling 4,800km2 Variety of carbonate (reef) and clastic (sandstone)
Slide 14: Kenya L6
Kenya L6 Kenya L6 On-trend to play-opening Sunbird-1 oil discovery For personal use only LOCATION: Onshore farmed- out for seismic and drilling, 2015 Lamu Basin, Onshore /Offshore Kenya 3D over offshore Miocene Reefs (Kifaru and Kifaru W) PROJECT SIZE: Seeking additional farminee for drillin
Slide 15: Kenya L6 Block L6 Hydrocarbon Potential
Kenya L6 Block L6 Kenya Hydrocarbon Potential For personal use only L6 centred over Maridadi Trough - Source-Kitchen Kudu Numerous Prospects and Leads - clastics and carbonates ONSHORE AREA Mamba 3D and 2D coverage Boundary Oligo- Miocene Reef “Stack” Anticline Kipini Sands second target
Slide 16: Kenya L6 Onshore
Kenya L6 Onshore Kenya L6 Onshore For personal use only Kudu ONSHORE AREA Mamba L6 Onshore Farmout Boundary Gas, condensate and oil shows Anticline Onshore farmed out 2013 to Milio International for 2D and drilling OFFSHORE AREA One onshore well planned Q4 2015 Kifaru Tembo 3D seismic 16
Slide 17: Kenya L6 Offshore Kifaru Prospect
Kenya KenyaL6 L6 Offshore – Kifaru– Prospect Offshore Kifaru Prospect Kifaru Prospect Kifaru- Large Size Areal Closure approx 30 sq km For personal use only Oligo- Miocene Reef “Stack” Vertical 2,000+ m Kipini Sands second target Significant Oil volume potential Oil-mature Eocene source
Slide 18: Offshore Kenya – Future Exploration
Offshore OffshoreKenya Kenya––Future FutureExploration For personal use only Exploration L6 Onshore: well under farm-out – Planned for Q4 2015 (PCL 16%) L6 Offshore: aiming to farm-out to drill Kifaru Prospect - Targeting Q3/Q4 2015 (PCL 40%) L8 – Discussions ongoing for renewal of licence L
Slide 19: Offshore Namibia
For personal use only Offshore Namibia 19
Slide 20: Offshore Namibia – Finding the Oil Sweet Spot
Offshore Offshore Namibia – Finding Namibia – Finding the the Oil Oil “Sweet “SweetSpot” Spot” Slope Incised Basin Floor Axis Slope Pinchouts- (Transition Zone) SW Channels- Primary Primary Objectives NE Objectives Objective For personal use only Slope / Shelf EL 0037 Boundary OIL SYSTEM Basin Floor
Slide 21: Namibia EL 0037
Namibia EL 0037 Namibia EL 0037 For personal use only LOCATION: Walvis Basin, Offshore Namibia Very large oil “sweet spot” exploration area PROJECT SIZE: Farmed out for extensive 3D, 2D and drilling to Tullow Oil 17,295 square kilometres Major Prospects identified on new 3D & 2D JOINT VENTURE
Slide 22: Namibia EL 0037
Namibia EL 0037 For personal use only 2008 - Pancontinental identified an Oil Mature Fairway 2011- Acreage acquired 2012- Wingat oil recovered and source rocks identified 2013- Farmout to Tullow for 3D & 2D seismic and drilling 2014- Major prospects mapped on new 3D & 2D 2015/2016- Possi
Slide 23: Namibia EL 0037 Prospects
Namibia EL 0037 Prospects NAMIBIA EL 0037 PROSPECTS For personal use only 2012- oil recovered from Wingat-1 and- Mature Source Rocks identified Farmed-out to Tullow for 3D seismic and drilling Major turbidite fan prospects identified Stacked prospects now being mapped on 3D Drilling poss
Slide 24: Albian fan systems offshore Namibia
Albian fan systems offshore Namibia For personal use only Submarine Canyon ALBATROSS GANNET Slide 24
Slide 25: Depositional Analogue to Marlim Oil Field, Brazil
Depositional Depositional Analogue Analogue to to Marlim Oil Field, Marlim Oil Field, Brazil Brazil Marlim Oil Field offshore Brazil ---------------------------------- > 9 Billion Bbls Oil in Place For personal use only 10 km Analogous system in EL 0037 SE Composite seismic line though EL 0037 ... .
Slide 26: EL 0037 Future Exploration
EL EL 0037 0037 Future Future Exploration Exploration Aggressive Current Exploration Programme For personal use only 3,000km2 3D seismic – completed under farmout to Tullow 1,000km 2D seismic – completed Mapping from 3D under way Future Program Pancontinental 30% free-carried Ongoing mapping
Slide 27: Exploration Timeline & Summary
For personal use only Exploration Timeline & Summary 27
Slide 28: Pancontinental Activities Timeline
Pancontinental Activities Timeline* Project For personal use only Kenya L6 Onshore seismic survey Onshore Onshore Drilling* Prospect Generation Well Planning Kenya L6 Farmout Activities Offshore Well Planning Kenya Prospect Generation L10A Well Planning Offshore Drilling* Kenya Prospect Generation L
Slide 29: Summary & Conclusions
Summaryand Summary & Conclusions Conclusions PANCONTINENTAL OIL & GAS For personal use only One of the largest African offshore acreage positions of any junior company Enviable track-record of – identifying world-class opportunities working with African governments to secure new acreage introdu
Slide 30: Pancontinental Oil & Gas NL
For personal use only Pancontinental Oil & Gas NL Ground Floor Pancontinental Oil &288Gas Stirling NL Street Tel: +61 (8) 9227 Perth, WA 3220: 6000, Australia Tel Ground Tel +61 (8) 9227 3220 Floor 288 Stirling Fax: Street +61 (8) 9227 3211 Perth, WA 6000, Australia www.pancon.com.au
Slide 31: Disclaimer
Disclaimer For personal use only 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 passed on, directly or indirectly, to any other person or published, in whole or part, by any medium or for
Slide 32: Appendix 1: Australian Projects
Appendix 1: Australian Projects In Australia, Pancontinental retains four onshore and offshore projects in the Canning and Carnarvon Basins For personal use only Australia L 15 Australia EP 104 /R1 Australia EP 110 & EP 424 LOCATION: LOCATION: LOCATION: Canning Basin, Western Australia Canning Bas
Slide 33: Appendix – Kenya Block L6 – FAR Limited Resource Report
Appendix 2 – Kenya Block L6 – FAR Limited Resource Report For personal use only 33
Slide 34: Appendix – Kenya Block L6 – FAR Limited Resource Report
Appendix 2 – Kenya Block L6 – FAR Limited Resource Report For personal use only 34
Slide 35: Appendix – Namibia EL 0037 DeGolyer & MacNaughton Report
Appendix 3 – Namibia EL 0037 DeGolyer & MacNaughton Report For personal use only 35
Slide 36: Appendix – Namibia EL 0037
Appendix 3 – Namibia EL 0037 For personal use only 36
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