Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Investor Presentation (October 2016)
10 slides from Cue Energy Resources's investor presentation, Oct 13, 2016
Slide 1: Cue Energy Resources Limited Corporate Presentation
CUE ENERGY RESOURCES LIMITED Corporate Presentation Bormindo rig 3 contracted for Naga Selatan-2 13th October 2016
Slide 2: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other important factors that could c
Slide 3: Investor Highlights
Investor Highlights • Oil and gas production generating positive cashflows – 500bpd (Cue share) oil from offshore NZ – 10mmcf/d (1,500 boepd Cue share) gas from offshore Indonesia – A$45M revenue in FY2016 • Near-term organic growth opportunities – Multi-year field life extension in Indonesia • 15Tc
Slide 4: Ironbark Prospect, North West Shelf
Ironbark Prospect, North West Shelf • Cue estimates Ironbark has 15Tcf prospective recoverable gas resource • Drilling required by first half 2018 • Significant size and preferential location for LNG backfill Ironbark 15Tcf prospective ~300m water depth 400km2 structure 50km to NWS LNG pipeline Plut
Slide 5: Cue / BP Transaction October 2016
Cue / BP Transaction October 2016 WA-409-P • BP acquires 80% equity and will be Operator • Cue’s 20% equity interests will be funded by BP for the next 3 years WA-359-P • BP has an option to acquire 42.5% equity • Funding for 50% of the cost of drilling a well is secured if the option is exercised •
Slide 6: Asia Focused Portfolio, Strong Operating Partners
Asia Focused Portfolio, Strong Operating Partners Indonesia USA (Texas) Exploration Production Mahakam Hilir PSC (Op) Pine Mills* (Op) Mahato PSC * Selling Jakarta office Indonesia Production Sampang PSC New Zealand Production PMP 38160 (Maari) Australia Exploration WA-359-P (Op) WA-409-P Melbourne
Slide 7: Strategy Progress Since June 2016
Strategy Progress Since June 2016 • Sustainable business operating within its means – A$45M revenue and A$15M gross profit from production in FY16. – 40% reduction in overheads and administration costs from A$7.2M to A$4.4M p.a. • Disciplined growth – Sampang operations extended to beyond 2020 with
Slide 8: Strategy Implementation in 2016/17
Strategy Implementation in 2016/17 • Sustainable business operating within its means – In low oil price environment two thirds of Cue’s revenues emanate from the high, fixed price USD gas sales in Indonesia. – Long life oil production continues in New Zealand. – Further reduction in overheads and ad
Slide 9: At a Glance
At a Glance Company Snapshot Share Price Performance Ytd (A$) Market Capitalisation* A$53M Ordinary Shares 698M Ytd Trading Range* 4.5c-8.2c Cash (end June) A$20.5M Debt Nil * Close 12th October, 2016 @ 7.6c per share Top Shareholders Board NZOG 48.4% Grant Worner Executive Chairman BNP Paribas Noms
Slide 10: Contact details
Level 19, 357 Collins Street, Melbourne VICTORIA – AUSTRALIA 3000 P. (+61) 3 8610 4000 F. (+61) 3 9614 2142 E. [email protected] W. www.cuenrg.com.au
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