Star Energy Group Plc · LSE:STAR
Star Energy — Dart Energy — Investor Presentation (September 2011)
17 slides from Star Energy's investor presentation, September 2011
Slide 1: The First Global Coal Bed Methane Company – Investor update
The First Global Coal Bed Methane Company Investor update United Kingdom, September 2011 ASX: DTE:AX www.dartenergy.com.au
Slide 2: Dart Energy – the leading global coal bed methane company
Dart Energy – the leading global coal bed methane company • Interest in 36 licences in 8 countries • Majority operating interest in 13 licences, 50% operating interest in a further 18 • 77.2 Tcf Gross GIP; 32.9 Tcf gross prospective resource; independently certified • Extensive work program underway
Slide 3: Focus on near-term monetisation and margin capture
Value growth Focus on near-term monetisation and margin capture based on .…. fundamentals Nuclear 12 Ups i de to PEDL 133 11 LNG export GSA $11/ MCF Upside pri ci ng 10 to gas import $8.00 - $12.00 Value chain parity pricing 9 pricing upside Value chain Supply constraint (eg CNG) pricing upside Impo
Slide 4: Dart's focus on rapid monetisation at "pace" projects
Clear path Dart’s focus on rapid monetisation at “pace” projects ….. to income growth Country Appraisa First Gas Dart Energy’s portfolio includes “pace” projects offering a clear path to near-term l Period Sales production and revenues / cash flows Reserves declarations and GSAs in place at Liulin a
Slide 5: Recent catalysts point to the value in Dart's global portfolio
Third party Recent catalysts point to the value in Dart’s global portfolio ….. value validation 1 DTE Value (US$m) Catalyst: Santos bid for ESG in NSW 200 400 600 800 1,000 1,200 1,400 1,600 Transaction “This [Santos-ESG] deal highlights the Comparables value potential in DTE’s NSW projects. If [Dar
Slide 6: Planned restructure to unlock shareholder value
Restructure to Planned restructure to unlock shareholder value ..... unlock value Dart’s global portfolio has been strategically assembled in markets with favourable dynamics Australian assets well placed to leverage on rising domestic prices and consolidation linked to LNG export market Internation
Slide 7: Portfolio Update
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Slide 8: Portfolio-wide exploration, appraisal and early development program
Portfolio-wide exploration, appraisal and early development program….. 2011 – 2012 work program Region Key items Exploration Appraisal Development Total well underway & Access & Pilots Europe • PEDL 133 work-over, pilot, development for early 7 wells gas sales • USCB pilot and development studies •
Slide 9: UK Work Program
UK Work Program 2011 – 2012 work program UK PEDL133 Exploration: Two additional core wells scheduled to program begin Q4 2011 summary Pilot: New pilot production well to be drilled in September Development: Field development planning and engineering work underway to allow the connection of PEDL133 t
Slide 10: Europe Work Program
Europe Work Program 2011 – 2012 work program Europe Europe Poland: program USCB: Drilling of pilot well Q4 2011 summary Milejow: Seismic program underway Belgium: LRM: Licence acquired and looking additional potential Shale: Significant shale potential estimated by NSAI in PEDL133 and Milejow. Addit
Slide 11: Australia Work Program
Australia Work Program 2011 – 2012 work program Australia PEL 458 (Newcastle) Exploration: 4 core wells drilled to confirm potential program Pilot: 2 well (SIS) pilot to expected to commence end 2011 summary Others: Environmental studies being completed; access agreements in place with strong and st
Slide 12: China Work Program
China Work Program 2011 – 2012 work program Liulin China Exploration: Geological and reservoir modeling being program conducted. summary Pilot: 2011 work program includes 3 vertical and 5 multilateral well. Program is on track and 3 rigs are currently operating in the field. Development: Final desig
Slide 13: South Asia Work Program
2011 – 2012 South Asia Work Program work program Indonesia South Asia Exploration: Second of three wells being drilled at program Tanjung Enim; Further seven planned across all three summary Indonesian permits Pilot: Four pilot wells drilled at Sangatta West with good early production results; Addit
Slide 14: Takeaways
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Slide 15: Takeaways
Takeaways Dart Energy is well placed to become a significant CBM / unconventional gas business Significant resource base - 48 TCF GIP; 20 TCF prospective (all net); ongoing process of resource maturation Well capitalised – US$150m of available cash; other funding sources Experience and skills – in-c
Slide 16: Important Disclaimer
Important Disclaimer Notices This presentation (Presentation) has been prepared by Dart Energy Limited (ABN 21 122 588 505) (Dart). This Presentation is not a prospectus or a product disclosure statement under the Corporations Act and has not been, nor is it required to be, lodged with the Australia
Slide 17: Contact Information
Contact Dart Energy Limited Information Singapore (Head Office) 152 Beach Road, #19-01/04 The Gateway East Singapore 189721 Tel: +65 6508 9840 Fax: +65 6294 6904 Australia (Registered Office) Level 11, Waterfront Place, 1 Eagle Street GPO Box 3120 Brisbane QLD 4001 Tel: +61 7 3149 2100 Fax: +61 7 31