Pilot Energy Limited · ASX:PGY
Pilot Energy — Rampart Energy — Investor Presentation (February 2015)
19 slides from Pilot Energy's investor presentation, February 2015
Slide 1: Rampart Energy Limited Corporate Presentation February 2015
For personal use only Rampart(Energy(Limited( Corporate(Presenta,on( (February(2015(
Slide 2: Investment Rationale
Investment(Ra,onale( For personal use only • New Board since mid 2014 • Implementing a low cost E&P growth strategy • Disciplined and prudent approach to investment • Strong commercial focus • Significantly reducing corporate overheads • Recently secured an 80% interest in offshore exploration permi
Slide 3: Corporate Snapshot
Corporate(Snapshot( Capital(Structure( Share(Register( For personal use only ASX Code: RTD No. of shareholders 1,599 Shares on Issue: 528,492,277 Top 20 shareholders 29.3% Market Cap (@ 0.2 cents): A$1.1 mm Listed Options: 62,493,964 Financial(Posi,on(–(as(at(31/12/2014( Cash Balance A$1.0mm Debt (v
Slide 4: Board and Management
Board(and(Management( For personal use only • Complete Board overhaul during 2014 • Directors have spent the great majority of their careers in oil & gas • Senior management roles, with both small and large companies • Strong technical and commercial skills • A lean team – directors manage the compa
Slide 5: Board and Management
Board(and(Management( Gavin(Harper((Execu've)Chairman)) For personal use only Over(39(years(of(experience(in(the(energy(industry,(including(leadership(roles(with(Chevron(Corpora,on.( Par,cular(strengths(in(business(development,(and(corporateQgovernment(stakeholder(interac,on.(Gavin(has(been( a(direc
Slide 6: Alaska
Alaska( • In May 2013 Rampart farmed in to Royale Energy’s North Slope Alaska exploration project For personal use only • Significant funds were invested throughout 2013/14 • Board regards the farmin as ambitious in terms of schedule and work program • Farmin agreements provided Rampart with little
Slide 7: Strategy
Strategy( • Develop and mature a balanced portfolio of E&P assets For personal use only • Maintain “optionality” in order to minimise firm work commitments – De-risk before assuming the significant commitments • Operate wherever possible, to control project costs and schedule • Shift focus away from
Slide 8: Corporate Costs
Corporate(Costs( • Moving Adelaide office to serviced premises in Perth, saving For personal use only $125,000 p.a. • Exiting legacy third party contracts will save $300,000 p.a. by year- end • A lean team – directors work for the Company on a consulting basis • Employ full-time manager only when wa
Slide 9: High Impact Exploration: WA-507-P
High(Impact(Explora,on:(WAQ507QP( • 80% working interest For personal use only • Located over Exmouth Plateau WA)506)P&(Statoil)& • On trend with major gas fields • Large block - 1,622 km2 Block&WA)507)P& • Covered by existing 3D seismic Io/Jansz&LNG,& data, already licensed by Thebe&discovery,& 3&T
Slide 10: WA-507-P: Attractive Commercial Terms
WAQ507QP:(Abrac,ve(Commercial(Terms( For personal use only • Represents first asset acquisition; consistent with new strategy • Provides low cost “optionality” within a proven hydrocarbon province • Entry via assignment from an unrelated third party, pending approval of NOPTA • Primary 3 year term,
Slide 11: North Carnarvon Basin – An Excellent Address
North(Carnarvon(Basin(–(An(Excellent(Address( For personal use only Statoil(recently(awarded(adjacent(block,( WA 506-P with($50(million(seismic(commitment( (Statoil) WAQ507QP( Io/Jansz(20+(Tcf( Thebe(3Tcf( Onshore(LNG( FLNG( Scarborough(10(Tcf( FLNG( Gorgon(10(Tcf( Onshore(LNG( ©Geoscience(Australia
Slide 12: Prospective Zones
Prospec,ve(Zones( Outer(Exmouth(Plateau(Stra,graphy( For personal use only Primary(Reservoir(Targets(( – Triassic(Mungaroo(Sandstone( – 250m(thick(in(nearest(well( Primary(Source(Rocks( – Prolific(Triassic(Mungaroo(coal(&( carbonaceous(shales((Gas)( – 3,000+(metres(thick( – Triassic(marine(shales((Oi
Slide 13: Gas Play
Gas(Play( Well defined, high relief, large structures evident For personal use only Dalia(South01(( W( E( Muderong(Shale(( seal( 300(metres( offQstructure( Mungaroo( Sandstone( Reservoir( Jurassic(oil( source( Seismic(images(shown(with(permission(of(TGS( 13(
Slide 14: Proximal Wells
Proximal(Wells( Dalia(South(Q1( Woodside(2010( For personal use only • Two nearby wells drilled, neither of which properly tested the gas play in the vicinity of WA-507-P • 3D seismic data reveals that Dalia South-1 (2010) BelicosoQ1( was drilled off-structure Woodside(2007( • Data also reveals that
Slide 15: Gas Prospects
Gas(Prospects( For personal use only WAQ507QP( Prospect(Beta)) Area(220km2( Mul,QTcf(resource(range( Prospect(Gamma)Area( 45(km2( Prospec,ve(for(gas(with(oil( Tcf(resource(range( Prospect(Dalia)Updip) Area(280km2( Mul,QTcf(resource(range( 15(
Slide 16: WA-507-P Summary
WAQ507QP(Summary( • Excellent(address,(on(trend(with(major(gas(fields( For personal use only • Mul,(Tcf(gas(resource(poten,al,(with(emerging(liquids(play( • Minimal((and(manageable)(commitment( • Material(working(interest(provides(opportunity(to(farmout(in(order(to(fund( both(commibed(and(con,ngent(w
Slide 17: Corporate Summary
Corporate(Summary( Rampart(Energy(is(well(placed(to(recover(from(the(Alaskan( For personal use only venture(in(order(pursue(new(growth(opportuni,es( • Experienced and proven Board • High potential first asset for corporate rebuild, in WA-507-P – Delivering against strategy • Active new ventures prog
Slide 18: Disclaimer & Resource Reporting
Disclaimer(&(Resource(Repor,ng( This(presenta,on(may(contain(certain(statements(and(projec,ons(provided(by(or(on(behalf(of(Rampart(Energy(Ltd((RTD)(with(respect(to(the( For personal use only an,cipated( future( undertakings.( These( forwardQlooking( statements( reflect( various( assump,ons( by( or( o
Slide 19: Contact
For personal use only Contact( ( ( Gavin(Harper,(Execu,ve(Chairman( Tel:+61(416(427275( Email:([email protected]( Iain(Smith,(Execu,ve(Director( Tel:+61(412(638019( Email:([email protected]( 19(
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