Central Petroleum Limited · ASX:CTP
Central Petroleum — RBS Morgans Presentation (May 2013)
45 slides from Central Petroleum's conference presentation, May 30, 2013
Slide 1: Central Petroleum RBS Morgans Presentation
For personal use only CENTRAL PETROLEUM RBS Morgans Presentation 30th May 2013
Slide 2: Disclaimer
Disclaimer For personal use only 1.This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc
Slide 3: Central Petroleum Today
Central Petroleum Today For personal use only Central is positioned to become the leader among Australia’s emerging oil & gas plays, both conventional and unconventional. The next 12 months will see intensive, funded exploration over highly prospective ground transitioning Central from explorer to p
Slide 4: Asset Details – Underexplored and Highly Prospective
Asset Details – Underexplored and Highly Prospective For personal use only 3
Slide 5: Progress Report
Progress Report For personal use only VWAP from 6.1 for calendar year ending 2012 to over 12cents in last 12 months Exploration commitments fully covered Focus of company clarified as Oil & Gas Company – unconventionally conventional Management strengthened with the appoint of: Mike Herrin
Slide 6: Contact Details
Contact Details For personal use only Central Petroleum Limited 56‐58 Jephson St.,Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 5
Slide 7: Appendix - Stage Farm-Out Details
Appendix 1 ‐ Stage 1 Farm‐Out Details For personal use only Two Major Farm‐out Transactions Announced – Exploration Set to Commence The scale and pricing of these transactions validate the prospectivity of Central’s leases. These transactions cover around 30% of the company’s acreage and bring subst
Slide 8: Conventional and Unconventional Plays at Central Petroleum
Conventional and For personal use only Unconventional Plays at Central Petroleum May 2013
Slide 9: Disclaimer
DISCLAIMER For personal use only This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum. This presentation does not attempt to produce profit forecasts
Slide 10: Company Snapshot
Company Snapshot For personal use only Trading Symbol ASX: CTP Activity & Permit Map Current Ordinary Shares 1.4B Current Listed Options 302 million Debt Nil Number of Shareholders Approx. 8,000 Top 20 Shareholders 27% Recent Share Price $0.10 ‐ $0.08 Market Capitalization ~$140‐120 m 52 Week High/L
Slide 11: Infrastructure and Activity
Infrastructure and Activity For personal use only Infrastructure - Key to Oil and Gas Delivery Pipeline Infrastructure in Australia Infrastructure is present and expanding enabling economic delivery of product to market. Established production is economically delivered from • Mereenie oil field
Slide 12: Prospective Basin Deeps
Prospective Basin deeps For personal use only CENTRAL has captured the most prospective regions of basins in the Centralian super basin 0 kms 200
Slide 13: Prospective Basin Permits
Prospective Basin Permits For personal use only Successful farm outs to TOTAL and SANTOS will bring up to $340 mil of expenditure over the next 4 years 0 kms 200
Slide 14: Company Transforming Farm-outs
Company Transforming Farm-outs For personal use only Commitment of ~$300m by Santos and Total Significant carry of Central highlights the prospectivity of Central’s permits. + Australia’s leading on‐shore oil and gas One of the six Super Major oil exploration and production company companies in the
Slide 15: Staged Farm-Out Details
Staged Farm-Out Details For personal use only Two Major Farm‐out Transactions Agreed – Exploration Set to Commence The scale and pricing of these transactions validate the prospectivity of Central’s leases. These transactions cover around 30% of the company’s acreage and bring substantial exploratio
Slide 16: Diverse Projects, Enormous Potential
Diverse Projects, Central holds some of the largest prospective exploration acreage in the developed world. Recent farm‐ out deals cover 17.4 m acres. Central Enormous potential retains an interest in a further 41 mil For personal use only acres granted and under application. Immediate focus is upon
Slide 17: Shale Gas/Oil Summary Parameters
Shale Gas/Oil Summary Parameters 2 Formations 2 Basins For personal use only Shale Properties Horn Valley Siltstone Amadeus Arthur Creek Formation Sthn Basin Georgina Basin (Cambrian-calc/dol) (Ordovician- calc/dol) Thickness Range (gross) 30-120 m 100-300 m Net shale/ Gross 0.1 – 0.3 0.1- 0.3 Thick
Slide 18: Amadeus Basin Unconventional Probabilistic Prospective Recoverable Resources
Amadeus Basin Unconventional Probabilistic Prospective Recoverable Resources (DSWPET, 2010) For personal use only Assessment Unit P90 “Low” Mean P10 “high” Resource Stairway Sandstone Continuous Gas AU 1.1 5.1 10.5 TCFG (3,440 km2- 0.85 million acres) Horn Valley Siltstone Continuous Gas AU 2.6 11.3
Slide 19: Operated Project Details
OPERATED PROJECT DETAILS For personal use only • South Georgina Basin • Surprise Field Development • EP 115 unconventional • North-West Mereenie extension 12
Slide 20: Southern Georgina Basin
Southern Georgina Basin For personal use only Middle Cambrian Arthur Creek Formation
Slide 21: Arthur Creek Shale, South Georgina
Arthur Creek Shale, South Georgina Unconventional-in house For personal use only BKP, PFC, Texalta Characteristics Ryder Scott 27 Bn bbls P50 prospective •Mature shale source rocks, up to 300 m thick recoverable •Black shales, dolomitic, tight sands, siltstones •Rich source rocks with total organic
Slide 22: Cross-Section
Cross-Section West Georgina Basin to Toko Syncline For personal use only THICKER ARTHUR CK BLACK SHALE PELAGIC BLACK SHALE West East
Slide 23: Shale of Arthur Creek Shale Parameters
Shale of Arthur Creek Shale Parameters For personal use only Thickness Range (gross) 100-300 m Net shale/ Gross 0.1- 0.3 Thickness Total Organic Carbon 1.7 - 16% TOC Adsorbed Scf / ton Range 20-140 Permeability Up to 12-94 md in fine silts/sst Porosity Up to 10-15% in fine silts/sst Shale Density 2.
Slide 24: South Georgina Activity
South Georgina Activity For personal use only • 2D seismic, 990 kms – commence August 2013 – Land access agreements substantially complete – Terrex seismic contract being finalised • Processing and Interpretation – due Q1 2014 • 4 to 6 wells - commencement ~March 2014 – Drill to ~2000 metres, substa
Slide 25: For personal use only
For personal use only
Slide 26: Surprise Discovery
Surprise Discovery Key Milestones to Date For personal use only Surprise-1 Horizontal Drilled Reservoir 3D Seismic Modelling Dec/Jan July Dec/Jan June - Oct Jan 2012 Jan 2013 Surprise-1 EPT Reserves Report (March 2013)
Slide 27: Surprise-1 – resource estimate
Surprise-1– resource estimate For personal use only Reserve/resource OOIP Recoverable category MMBBLS MMBBLS 1P 2.6 0.600 Recoverable Volumes 2P 6.4 1.100 Certified by independent 3P 7.5 2.125 expert Strategy Central 2C 17.7 5.850 Follow up locations Deterministic Volumes •1P, 3.3 Mmbbl OOIP •2P, 6.
Slide 28: Opportunity to Participate in the Growth Potential
Opportunity to Participate in the Growth Potential For personal use only Farm-In opportunity with multiple activities; Surprise field development and appraisal Proven hydrocarbon system Near term operating cash flow Upgrades prospectivity in the surrounding largely underexplored area Highly
Slide 29: EP-115 Surprise/Mereenie Area
EP-115 Surprise/Mereenie Area For personal use only Gardner Range Anticline Mereenie Wells Anticline Anticline Surprise Oil Discovery Mereenie Pool 0.5 tcf Watson Range 300 mmbbls in Anticline place
Slide 30: Salt
For personal use only SALT SALT
Slide 31: Surprise East
Surprise East For personal use only Surprise horizontal 24
Slide 32: 11.7mmcf/d Gas Recovery from HVS at Palm Valley
11.7mmcf/d Gas Recovery from HVS at Palm Valley For personal use only 11.7 mmcf/d and 5.86 mmcf/d gas test from what appears to be carbonate rich zone at base of Horn Valley in Palm Valley-1 Well
Slide 33: Unconventional Hydrocarbons Amadeus Basin Horn Valley Siltstone
Unconventional Hydrocarbons For personal use only Amadeus Basin Horn Valley Siltstone
Slide 34: Resource Play - Introduction
Resource Play - Introduction For personal use only Horn Valley Siltstone (HVS) - comprising two members •Description • The HVS is defined as: • a thin basal dolomite, overlain by several metres of organic rich (hot) marine shale (medial shale). • This medial shale is the most important source rock i
Slide 35: Areal Extent, Key Well Penetrations
Areal Extent, Key Well Penetrations For personal use only Tempe Vale-1 Elog and TOC plot Medial Shale SURPRISE 1 RE Dolomite MOUNT WINTER 2A TEMPE VALE 1 TENT HILL 1 Mount Winter 2A- Elog and TOC plot • Basal dolomite which produced up to 11.7 mmcfd on test in Palm Valley - 1, largely from fractures
Slide 36: Distribution and Volume
Distribution and Volume In-House Estimate For personal use only Base Horn Valley Siltstone Structure Map EP 115 East EP 115 East EP 115 West EP 115 West EP 115 South EP 115 South Case A Case B Estimated Hydrocarbon Volumes in Place *** HVS Carbonate Total BOE Distribution West South East (Bbls)** (o
Slide 37: Amadeus Basin Tectonic Elements
Amadeus Basin Tectonic Elements For personal use only
Slide 38: Ooraminna Gas Potential
Ooraminna Gas Potential For personal use only 630 640 Huge anticlinal structure visible from surface. Two wells both tested gas vertically, well 2 at ~ 152 mcf/d. Needs horizontal test and possibly frac. 650
Slide 39: Pedirka Basin
Pedirka Basin For personal use only (Conventional Structural Targets and Possible Devonian Reef Play?)
Slide 40: Area Summary Pedirka Basin
Area Summary Pedirka Basin For personal use only • Land position of 8 million acres of petroleum and mineral rights (100% working interest) • - Extension of Cooper Basin – Six wells drilled to-date have oil shows • Prospective reservoirs are Devonian to Jurassic – Extensive organic-rich shale and co
Slide 41: Shallow Gas Play Behind Surface Casing in Simpson Well?
Shallow Gas Play Behind Surface Casing in Simpson Well? For personal use only From: Soil-Gas Microseepage Surveys Help Locate New Oil and Gas Accumulations By Conolly, Moffit, and Adams
Slide 42: Lander Trough of the Wiso Basin
Lander Trough of the Wiso Basin For personal use only (an extension of the Southern Georgina Basin?)
Slide 43: Area Summary Wiso Basin (Lander Trough)
Area Summary Wiso Basin (Lander Trough) For personal use only • Land position of 11 million acres at 100% working Lander Trough Location interest – All acreage in the early oil to very early gas window (focused in the oil window) • Similar geology to Southern Georgina Basin – Significant unconventio
Slide 44: Lander Trough- Wiso Basin
Lander Trough- Wiso Basin For personal use only
Slide 45: Central Petroleum Limited
Central Petroleum Limited Developing Australia’s ENERGY Centre For personal use only Central Petroleum Limited Phone: +61 8 9474 1444 Website: www.centralpetroleum.com.au
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