Central Petroleum Limited · ASX:CTP
Central Petroleum — Good Oil Conference 2011
23 slides from Central Petroleum's conference presentation, 2011
Slide 1: Corporate Presentation Good Oil Conference 2011
Corporate Presentation Good Oil Conference 2011
Slide 2: Disclaimer
Disclaimer 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 for Central Petroleum
Slide 3: Company Snapshot
Company Snapshot Trading Symbol ASX: CTP Central Petroleum Assets Ordinary Shares 982 million Listed Options 274 million Debt Nil Number of Shareholders Approx. 8,000 Top 20 Shareholders 28% Cash at 30 June 2011* $9.7 million Recent Share Price $0.070 Market Capitalization $70 million 52 Week High/L
Slide 4: Focus
Focus • Crude oil/condensate discovery and sales for early cash flow • Gas/helium/condensate discovery for medium term cash • Longer term value adding to gas via GTL (gas to liquids) and/or LNG for domestic and export markets • Long term monetisation of coal via mining, beneficiation and export, UCG
Slide 5: Investment Highlights
Investment Highlights Dramatically undervalued - Recent Bakers Group independent valuations $2 Bn. lowside UCG/GTL, $0.48/share target short term Unmatched scale – Early mover on Australia’s unconventional potential-2007 – One of the biggest underexplored holdings under single operatorship in the wo
Slide 6: Attractive Comparative Valuations
Attractive Comparative Valuations Comparative Regional Transactions Date Transaction $/Acre Implied Value to CTP’s Amadeus & S.Georgina Acreage 13 July 2011 ConocoPhillips & New Standard Energy – Canning Basin $12.50 $0.67 p/s 21 Mar 2011 PetroFrontier acquires Texalta for US$95 million. – South Geo
Slide 7: Strategy & Strategy Execution
Strategy & Strategy Execution Stage 1 - Acquire Exploration Ground in Central Australia – Counter Cyclical Strategy (Late 90’s whilst oil traded between US$10 to US$12 per bbl) Stage 2 - Explore Large Ground Position Broadly – 1997 onwards – List on the ASX 2006 – Verified prospectivity for conventi
Slide 8: Capital Program
Capital Program • Immediate program of $30 million over the next 12 months – Three well drilling program planned for 2011 – Amadeus Basin • Surprise-1 re-entry targeting a 10 million barrel P50 UOIIP opportunity • Mt. Kitty-1 condensate and gas targeting 2.0 TCF P50 UGIIP, (100 BCFG Helium) – Pedirk
Slide 9: Existing Infrastructure
Existing Infrastructure • Current production from the Infrastructure in Australia Amadeus Basin being delivered to market (Santos/Magellan) Mereenie oil field (300 MMbbls OOIP&, 0.5 TCFG OGIP) Palm Valley gas field (0.5 TCFG) • Existing road, rail and pipeline infrastructure to deliver oil to Port D
Slide 10: Asset Overview
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Slide 11: Summary of Land Holdings
Summary of Land Holdings Basin Nett Holdings Unrisked P50 UOIIP/UGIIP P50 Recoverable Resources Oil Gas Total Oil Gas Total (MM acres) Bn. bbls TCFG Bn. BOE Bn. bbls TCFG Bn.BOE Amadeus Conventional 47 3.5 10.5 5.3 1.0 6.7 2.1 Amadeus Unconventional 15.1 3.4 48 8.0 0.8 18.1 3.8 Amadeus Total 62 6.9
Slide 12: Board of Directors
Board of Directors • Highly experienced Board of Directors Dr. Henry Askin • Over 40 years of experience in the oil exploration industry Geophysicist, BSc (Hons), PhD • Previously Australian Exploration Manager at Shell Chairman • Previously, Henry held a number of senior executive positions with Sh
Slide 13: Management Team
Management Team • Internationally experienced management team with TSX/Unconventional experience Al Thorsen • 30+ years experience. BEng. • Previously Vice President Operations of Zargon Oil & Gas (TSX:ZAR) Chief Operating Officer • Specialist in drilling, operations, production and marketing, horiz
Slide 14: Amadeus Basin
Amadeus Basin • Land position of 47 million acres at 100% working interest * Amadeus Location – Virtually covers the entire Amadeus Basin – * c.0.7 million acres JV 75% CTP • Enormous resource potential – Conventional UOIIP of 6 billion bbls per Gov’t Geological Survey 2005 – Independent mean prospe
Slide 15: Amadeus Basin: Surprise and Mount Kitty
Area Summary Amadeus Basin: Surprise and Mount Kitty Surprise-1 Re-Entry Surprise • 2011 Surprise-1 re-entry drilling and testing Q3 2011 • Core analysis revealed excellent live oil shows in both conventional and unconventional reservoirs at 2,500 meters – Oil saturation is not known until full logs
Slide 16: Pedirka Basin
Area Summary Pedirka Basin • Land position of 13 million acres of petroleum and mineral rights (100% working interest) Pedirka Basin Oil Prospectivity – Prospective 6 billion bbls of oil UOIIP P50 – 2.0 billion barrels of conventional P50 recoverable resource – Six wells drilled to-date have good oi
Slide 17: Pedirka Basin: Madigan
Area Summary Pedirka Basin: Madigan Madigan Madigan-1 New Well • New well planned for Q3 2011 • Min one well 2012 • Targeting 4.0 billion bbls P50 UOIIP • 1.3 billion bbls P50 prospective recoverable resource • Encouraging oil shows nearby at Blamore-1 and Simpson-1 • Close proximity to Madigan Trou
Slide 18: Southern Georgina Basin
Area Summary Southern Georgina Basin Southern Georgina Location • Land position of over 6 million acres at 100% working interest – Independent mean prospective recoverable resource of 5 Billion bbls and 33 TCFG in Arthur Creek Shale/Thorntonia – Additional conventional potential unquantified as yet
Slide 19: Southern Georgina – In Greater Detail
Southern Georgina – In Greater Detail
Slide 20: Wiso Basin (Lander Trough)
Area Summary Wiso Basin (Lander Trough) Lander Trough Location • Land position of 11 million acres at 100% working interest – All acreage in the early oil to very early gas window (focused in the oil window) • Similar geology to Southern Georgina Basin – Significant unconventional oil potential – Mo
Slide 21: Pedirka Basin – Potential Coal Farmouts
Area Summary Pedirka Basin – Potential Coal Farmouts Coal: JORC Exploration Target • Pedirka licenses also prospective for coal – 100% acreage position – Company controls both petroleum and mineral permits over the coal package • Enormous coal potential (Exploration Target *) – Over 300 billion tonn
Slide 22: UCG/GTL Process
Syngas Cleanup & Ultra Clean GTL/ 4 Syngas Out Air / Oxygen In Methanol / Power Production | = <4 Production Well Injection Well > High Grade Water Table
Slide 23: Contact Details
Contact Details Central Petroleum Limited Phone: +61 8 9474 1444 Website: www.centralpetroleum.com.au • John Heugh, Managing Director – +61 427 107 690 – [email protected] • Stephen Tomsic, Corporate Advisor – +61 8 9263 1111 – [email protected] • David Shearwood, Allied Resource Pa