Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Investor Presentation (September 2014)
25 slides from Carnarvon Energy's investor presentation, Sep 1, 2014
Slide 1: Investor update
Investor update 1 September 2014 Dear Shareholders, I am pleased to provide shareholders with the following presentation that we will be providing to investors in London, Hong Kong, Melbourne and Sydney over the coming two weeks. The significant new oil discovery made in the Phoenix South-1 well is
Slide 2: Shareholder and media enquiries
Shareholder Enquiries Media Enquires Mr Thomson Naude Mr Tony Dawe Company Secretary Professional Public Relations Phone: (08) 9321 2665 (08) 9388 0944 / 0405 989 743 Email: [email protected] [email protected] Yours faithfully Adrian Cook Managing Director Carnarvon Petroleum
Slide 3: Investor update September 2014
ASX: CVN Investor update September 2014
Slide 4: Creating Something Remarkable
Creating Something Remarkable
Slide 5: Experienced People Aligned With Shareholders
Experienced People Aligned With Shareholders
Slide 6: Robust Financial Position
Robust Financial Position 1 1. Comprises an undiscounted receivable of up to US$32m converted to AUD at A$0.90/US$.
Slide 7: Major Oil Discovery: Phoenix South-1 Well
Major Oil Discovery Phoenix South-1 Well Offshore Canning Basin, Western Australia
Slide 8: Strategic Location of Significant Scale
Strategic Location of Significant Scale Carnarvon’s Phoenix blocks Woodside’s blocks Carnarvon Basin (Prolific oil & gas province)
Slide 9: Major Oil Discovery in First Well
Major Oil Discovery in First Well
Slide 10: Phoenix South Light Oil Recovered
Phoenix South Light Oil Recovered
Slide 11: Emerging New Oil Province
Emerging New Oil Province Keraudren 1 Proposed Phoenix Phoenix 1 A (1974) : Roc 1 well South 1 oil discovery B quality reservoir (2015) discovery (1980) not in closure (2014) Bandy Lead Bottler Prospect Bewdy Prospect Oil Window Oil source Minilya Deep P2 1 2 3 4 5 Bottler Roc Bewdy 10 kilometers
Slide 12: Multi-field Potential in New Oil Province
Multi-field Potential in New Oil Province Bandy Minilya Deep Zeester 3D Outline WA 435P P2 1 2 3 4 5 Phoenix South 1 WA 436P Roc WA 438P Bottler Bewdy WA 437P Phoenix 3D Outline
Slide 13: Cerberus: The Next Wave
Cerberus: The Next Wave Carnarvon Basin, Western Australia
Slide 14: Strategic Location of Significant Scale
Strategic Location of Significant Scale Wandoo field Harriett field Stag field Existing oil fields or discoveries Existing gas fields or discoveries
Slide 15: Drill Ready Prospects Target Multiple Play Types
Drill Ready Prospects Target Multiple Play Types A A’ A Interpreted A’ Horizons Upper Jurassic turbidite fan traps Upper Permian Structural closures Locker submarine Canyon/fan traps
Slide 16: Production from Onshore Assets
Production from Onshore Assets Phetchabun Basin, Central Thailand
Slide 17: Thinking Differently in Thailand
Thinking Differently in Thailand 1 1 Optional caption lorem ipsum 1. Includes an undiscounted receivable of up to US$32m converted to AUD at A$0.90/US$.
Slide 18: Active Oil Production Asset With Upside
Active Oil Production Asset With Upside Producing ~4,000 bopd gross 30 million barrels in oil reserves gross (2P) (refer to reserve update announcement on 31 March 2014)
Slide 19: Includes an undiscounted receivable of up to US$32m converted to AUD at A$0.90/US$.
1 1 1. Includes an undiscounted receivable of up to US$32m converted to AUD at A$0.90/US$.
Slide 20: Disclaimer
Disclaimer The information in this document, that relates to oil exploration results and reserves, is based on information compiled by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the Company. Mr Huizenga consents to the inclusion of the reserves and reso
Slide 21: Think different, Act different: Addendum
Think different Act different Addendum
Slide 22: Addendum 1: Key Highlights
Addendum 1: Key Highlights • Major oil discovery at Phoenix South-1 well in Western Australia (CVN:20%); • Apache & JX Nippon commit to drilling Roc well in Western Australia, expected in 2015 (CVN:20%); • Apache acquire 40% interest and operatorship in WA-436-P and WA-438-P in Western Australia (CV
Slide 23: Addendum 2: Corporate Snapshot
Addendum 2: Corporate Snapshot • Issued shares 987m • Share price (ASX:CVN) 25c1 • Listed options (ex 10c) 49m • Option price (ASX:CVNO) 15c1 • Market Cap A$245m • Cash A$50m2 • Debt nil • Enterprise value A$195m • Receivable (up to) US$32m • 20% in Thai oil production • Phoenix oil discovery (NWS)
Slide 24: Addendum 3: Snapshot of Phoenix Blocks
Addendum 3: Snapshot of Phoenix Blocks • Carnarvon’s equity interests • 20% in WA-435-P & WA-437-P • 30% in WA-436-P & WA-438-P • 4 blocks cover ~21,820km2 • Water depth <200m • 3D seismic coverage • Phoenix 3D is ~1,100km2 • Zeester 3D is ~3,800km2 • Key prospects / leads1 (closure km2) • Roc prosp
Slide 25: Addendum 4: Phoenix South-1 Snapshot
Addendum 4: Phoenix South-1 Snapshot • Well drilled in exploration permit WA-435-P in ~138m of water • Carnarvon’s interest in the permit is 20% • At least four discrete oil columns were intersected • Six oil samples were recovered from three intervals • Oil columns occurred within an overall sand-r
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