Star Energy Group PLC · LSE:STAR

Star Energy — Dart Energy — UBS Global Oil & Gas Conference 2010

20 slides from Star Energy's conference presentation, Sep 29, 2010

  1. Slide 1: UBS Global Oil & Gas Conference

    UBS GLOBAL OIL & GAS CONFERENCE EYTAN ULIEL CHIEF COMMERCIAL OFFICER Beijing, 29 September, 2010

  2. Slide 2: Dart Energy: A Global CBM Company

    DART ENERGY A GLOBAL CBM COMPANY • Focused business as leading global CBM company ü Demerged from Arrow Energy; newly listed on ASX ü Well funded; access to capital; listed shareholdings • Globally diversified portfolio of quality assets ü Australian, China, Indonesia, India and Vietnam projects

  3. Slide 3: Value Creation for Shareholders

    VALUE CREATION FOR SHAREHOLDERS DART MODEL TO REPRODUCE ARROW TRAJECTORY Low cost acreage access in multiple jurisdictions Early value growth on the back of initial commercial sales regardless of scale - via existing infrastructure Further leveraged by rapid reserves growth from pilot development Vo

  4. Slide 4: Board, Management and Shareholders

    DART ENERGY BOARD, MANAGEMENT AND SHAREHOLDERS BOARD MANAGEMENT •Nick Davies – Chairman •Eytan Uliel – Chief Commercial Officer •Simon Potter – CEO & MD •Shaun Scott – Director & CFO •Shi ZhenChun – China Country Manager •Stephen Bizzell – Director •Sudhansu Adhikari – India Country Manager •David W

  5. Slide 5: Markets Drive Opportunity - Pricing and Demand

    DART ENERGY - MARKETS DRIVE OPPORTUNITY - PRICING AND DEMAND 50% 50% 40% 40% Surplus % = projected gas deficit, 2025 10 TCF 10 TCF 7.5 TCF 1 TCF 1 TCF TCF= estimated gas demand, 2025 Potential Upside “Outliers” as to LNG / pipeline much as import parity $14.00 14 Potential Potential $14.00 $14.00 Up

  6. Slide 6: Cost, Efficiency, Technology

    DART ENERGY – COST, EFFICIENCY, TECHNOLOGY DRIVES PACE OF RESOURCE DEVELOPMENT AND MARGIN ACCESS ü CBM business is a margin business ü Experience derived from 600 CBM wells and 200 surface to in- seam wells Typical Dart wellhead Typical Dart CBM rig • Fully automated pump and • Conventional minera

  7. Slide 7: Delivering the Value Equation

    DART ENERGY DELIVERING THE VALUE EQUATION ACCESS MARGIN SCALE • Identify attractive markets • Access the reserves • Build capacity • Build footprint • Production and sales • Access unconstrained • Secure strong partners • Manage ramp-up - technical market demand and • Certify material resource excel

  8. Slide 8: Delivering on Strategy

    DART ENERGY DELIVERING ON STRATEGY • Dart and Apollo Gas Limited (Apollo, ASX: AZO) announced on 28/9/10 an agreed all-scrip takeover offer for Apollo by Dart (3:4 ratio) – values Apollo at AUD$145m • The agreed transaction is consistent with Dart’s strategy to become the world’s first global CBM co

  9. Slide 9: Dart Energy International Portfolio

    DART ASIA DART AUSTRALIA DART EUROPE PORTFOLIO CHINA INDONESIA INDIA VIETNAM APOLLO COMPOSITE DART ENERGY CURRENT DART BLOCKS 2 2 3 1 7 17 32 GEOGRAPHIES 1 1 1 1 1 2 (+4 pending) 7+ AN COAL INTERNATIONAL BASINS PORTFOLIO APPROACH 2 2 2 1 2 4 13 NEW TENEMENTS PROSPECTS þþ þþþ þþþ þ þþ þþ

  10. Slide 10: Australia Assets

    AUSTRALIA ASSETS GOING AGAIN – GROW FAST; GROW BIG RESOURCE (BCF, gross, per NSAI) ü PEL458: OGIP 1,324; 2C 542 ü Other PELs: Work in progress 1 Pipelines PARTNERS (takeover offer announced) PROGRAM ü PEL 458 - completed Phase 1 exploration; commencing Phase 2 2 ü PEL 464 - seismic and 2 strat w

  11. Slide 11: Indonesia Assets

    INDONESIA ASSETS POTENTIAL FOR EARLY PRODUCTION RESOURCE (BCF, gross, per NSAI) ü Sangatta West: OGIP 587; 2C 314 ü Tanjung Enim: OGIP 472; Prospective 307 PARTNERS 1 3 3 PROGRAM 2 1 2 ü Sangatta West, pilot tests commencing; reserves 3 certification; move to early production ü Tanjung Enim to c

  12. Slide 12: China Assets

    CHINA ASSETS ELEPHANT HUNTING RESOURCE (BCF, gross, per NSAI) ü Liulin: OGIP 808; 2C 241; 3P 85 ü Dajing: OGIP 6,589; Prospective 3,481 PARTNERS 1 PROGRAM ü Liulin pilot drilling ongoing; initial GSA signed; move to early production; reserves upgrade ü Dajing to commence exploration program PIPE

  13. Slide 13: India Assets

    INDIA ASSETS MULTIPLE OPPORTUNITIES RESOURCE (BCF, gross, per NSAI) ü Asam: OGIP 1,960; Prospective 750 ü Satpura: OGIP 1,798; Prospective 910 Delhi Ranchi PROGRAM Gurgaon 2 ü TR block dewatering Jharkhand ü CBM-IV blocks (x2) recently awarded 1 34 INDIA 2 PARTNERS Chhattisgarh Calcutta Pipeline

  14. Slide 14: Vietnam Asset

    VIETNAM ASSET NICHE PRODUCTION POTENTIAL RESOURCE (BCF, gross, per NSAI) ü OGIP 796; 2C 252 Ha Noi Hai Phong 1 PARTNER Hanoi Trough PSC 1 PROGRAM ü Licence extension leading to pilot evaluation PIPELINE ü Incremental PSC 1 Existing CBM PSC MARKET STRATEGY ü Local sales utilising existing gas inf

  15. Slide 15: Europe: Composite Acquisition Adds Optionality

    EUROPE COMPOSITE ACQUISITION ADDS OPTIONALITY ASSETS ü 15 UK blocks; 2 Poland blocks ü Multiple blocks across Europe under evaluation ü In-place team RESOURCE (TCF, gross, per NSAI) ü CBM OGIP 18.0; Prospective 4.3; 2C 0.7 ü Shale OGIP: 1.2 PROGRAMME ü PEDL 133 CBM pilot and shale evaluation ü

  16. Slide 16: Queensland's CBM Industry

    QUEENSLAND S CBM INDUSTRY A SUBSTANTIAL INDUSTRY IN TEN YEARS CBM NOW MEETS 30% OF QLD’S ENERGY NEED Building Acreage Building Reserves Building projects Building Margins Building Scale Source: Queensland Government 16

  17. Slide 17: The Evolution of an Industry

    QUEENSLAND S CBM INDUSTRY THE EVOLUTION OF AN INDUSTRY – TRENDS TO WATCH OUT FOR QUEENSLAND S CBM INDUSTRY EVOLUTION 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012… Building Acreage Building Reserves Building projects Building Margins Building Scale Industry Many smaller players Co

  18. Slide 18: Summary - Revised Targets

    DART SUMMARY – REVISED TARGETS COMPOSITE INVESTMENT, APOLLO ACQUISITION, GAS CONTRACTS Dart Energy is progressing a market-led, international expansion strategy underpinned by experienced leadership, a quality asset base and an extensive business development pipeline. •Current portfolio of 15 PSCs /

  19. Slide 19: Questions

    Questions 2010 2011 2012 19

  20. Slide 20: Disclaimer and Important Notice

    DISCLAIMER AND IMPORTANT NOTICE This presentation contains forward-looking statements that are subject to risk factors associated with the gas and energy industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables outs

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