Clontarf Energy Plc · LSE:CLON
Clontarf Energy — Investor Presentation (May 2022)
18 slides from Clontarf Energy's investor presentation, May 2022
Slide 1: Clontarf Energy May 2022
CLONTARF ENERGY May 2022 1
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation (“Presentation”) has been prepared by Clontarf Energy (the “Company”) and has been prepared for the purpose of providing general information about, and an overview of, the Company and its operations. It is not meant to be a complete review of
Slide 3: Clontarf has exploration assets in Australia, Ghana, and Bolivia
Clontarf has exploration assets in Australia, Ghana, and Bolivia. Clontarf holds a 10% interest in the Sasanof-1 well in Australia’s NW Shelf during May/June 2022 Clontarf holds a 60% interest (Petrel 30%, Local 10%) in a Tano Basin Agreement Block 2A offshore Ghana. Following litigation due to
Slide 4: The Sasanof-1 well addresses 2022 LNG gas shortages
The Sasanof-1 well addresses 2022 LNG gas shortages • Sasanof is a world-class prospect in the heart of the Australian North West Shelf • Targeting up to 17.8 Tcf and 449 million barrels • Drilling success will place Sasanof at the forefront of the NW Shelf’s 52 MTPA LNG industry • Low CO2 and high
Slide 5: 10% of 7.2 tcf well in safe jurisdiction
10% of 7.2 tcf well in safe jurisdiction – Carnarvon Basin location • Australia’s gas production hub – 47 Mtpa of LNG capacity • 4300 km2 acreage position surrounded by Giant Gas Fields – Equus Gas Project • Certified resource of 2 Tcf and 42 Million bbl (2C) • US$1.8 billion invested since 2007 on
Slide 6: Giant Gas Target - 32% Geological success likelihood
Giant Gas Target - 32% Geological success likelihood • Sasanof an amplitude backed prospect in the Cretaceous • On trend and up-dip from the liquids-rich Mentorc Field • Mentorc is “filled to spill” up-dip into Sasanof Independent assessment by ERC Equipoise estimates: • Trap area of up to 400 km2
Slide 7: Independent Export ERCE of 7 to 17 Tcf
Independent Export ERCE of 7 to 17 Tcf 7
Slide 8: Sasanof Drilling Program – May/June 2022
Sasanof Drilling Program – May/June 2022 • Valaris MS-1 semi-sub rig mobilising to drill in May 2022 • Rig completed ENI work on NW Shelf and now in Port of Dampier • Regulatory approvals have been completed • Drilling specialist AGR appointed to manage drilling program • Vertical well to total dept
Slide 9: NW Shelf Opportunity - Production in Decline
NW Shelf Opportunity - Production in Decline NW Shelf Venture – Gas Shortage • NWS gas fields are declining, 7 MTPA of new gas is needed by 2027 (1050 TJ/day) • Limited gas supply options available to the NWS • Waitsia (Mitsui-Beach) and Pluto (WPL) first ever tolling agreement for third-party gas
Slide 10: GHANA: New Oil Province
GHANA: New Oil Province 2 billion barrels discovered to date. Production began from Jubilee in 2010. competitive conditions and large exploration potential: – Royalty – 12.5% on oil – GNPC Carry – 10% – Income Tax – 35% Clontarf holds a 60% interest in a signed agreement on Tano 2A. Discussi
Slide 11: Ghana: new official realism
Ghana: new official realism Clontarf awaits ratification of a signed Petroleum Agreement on Tano 2A since 2010. In March 2014 the Ghanaian parliament approved the award of part of Tano 2A acreage to a US/Nigerian company under dubious circumstances. Clontarf obtained a High Court injunction ag
Slide 12: BOLIVIA requires exploration
BOLIVIA requires exploration Nationalisation of Hydrocarbons Decree passed in 2006, so ownership status uncertain. Clontarf maintains and interest in El Dorado (10% Clontarf, 90% YPFB) a producing gas field near Santa Cruz, and in Monteagudo oil & gas field (30% Clontarf, 30% Repsol-YPF, 20% Pet
Slide 13: Memorandum on Chad basin
Memorandum on Chad basin The interior African basins offer geological potential. There is an export pipeline from Chad with available capacity. Many majors operate in Chad, including Exxon, Chevron, CNPC, and Glencore. In 2020 Clontarf negotiated a MoU on the Sedimentary basin. Issues incl
Slide 14: Bolivian authorities invited Li proposal
Bolivian authorities invited Li proposal Bolivia holds circa 50% of the world’s economic lithium resources (in accessible salt-lake evaporites) Clontarf is discussing a 49% JV to explore and develop several new salt-lakes. Policy and the Lithium Law are being updated, so that Bolivia can produ
Slide 15: Battery-grade Lithium demand exceeds supply
Battery-grade Lithium demand exceeds supply Demand forecasts for Li batteries, including in EVs, greatly exceeds planned capacity (about 60x current supply). Early hard rock projects face environmental and cost challenges. A legal framework exists for international operators to JV with the Bol
Slide 16: Financial
FINANCIAL Listed on AIM: 2011 Shares in issue: 2.4 billion Price: 0.44p Market Cap: £10 million Cash: c. £300,000 Mgmt./Board control: c.10% Institutional Investors: c.20% Nomad/Broker: Strand Hanson 16
Slide 17: Experienced Board
EXPERIENCED BOARD David Horgan – Executive Chairman John Teeling – Director Director of AIM listed Middle East Oil explorer Petrel Established and managed a number of Stock Resources plc as well as Clontarf Energy. Holds Exchange listed resource companies in the past 35 directorships in a number of
Slide 18: Contact Details
CONTACT DETAILS Clontarf Energy Plc 162 Clontarf Road Dublin 3 Ireland Phone: +353 1 833 2833 Fax: +353 1 833 3505 Email: [email protected] www.clontarfenergy.com 18