NuEnergy Gas Limited · ASX:NGY
NuEnergy Gas — NuEnergy Capital — Investor Presentation (March 2010)
31 slides from NuEnergy Gas's investor presentation, Apr 1, 2010
Slide 1: NuEnergy Capital Limited Investor Presentation
NuEnergy Capital Limited For personal use only ABN 50 009 126 238 www.nuenergycorp.net An Australian emerging energy company, with an immediate focus on coal bed methane in Indonesia INVESTOR PRESENTATION 31 March 2010 Images depict new generation CBM multi-lateral directional drilling technology –
Slide 2: Disclaimer
Disclaimer For personal use only • This presentation has been prepared by NuEnergy Capital Limited (“NuEnergy” or the “Company”) and is being provided for the sole purpose of providing preliminary background financial, operational and other information to enable shareholders to review the business a
Slide 3: Company Overview
Company Overview For personal use only Snapshot of Business Model Summary Market Information • NuEnergy Capital Limited (“NuEnergy”) is an CURRENT SHARE PRICE A$ 12c Australian-based company with coal bed methane 52 WEEK HIGH – SEPT 2009 A$ 18c investments in Indonesia 52 WEEK LOW – MARCH 2009 A$ 2c
Slide 4: Group Structure
Group Structure For personal use only NuEnergy Capital Limited Listed parent company (ASX – “NGY”, Frankfurt – “NUB”) 100% CBM Indon Subsidiary of NuEnergy Capital Ltd Limited Owner of Rengat CBM Production Sharing Contract, Central Sumatra 95% Subsidiary of CBM Indon Limited PT Trisula Owner of Sou
Slide 5: Progress So Far
Progress So Far For personal use only • NGY has established itself as one of the largest (independent) holders of CBM acreage in Indonesia • Has raised just A$7m to date to fund this position – Company is the old New Holland Mining Ltd – restructured in 2008 • 2 high quality PSC’s acquired covering
Slide 6: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Domenic Martino (Proposed Non-Executive Chairman) Mr Martino was the Chief Executive Officer of Deloitte Touche Tohmatsu in Australia from 2001 to 2003. During that time he was also a member of the Global Executive Committee of Deloitte Touch
Slide 7: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Mr Alan Fraser (Non Executive Chairman) He has been a Director of NuEnergy Capital Ltd an ASX listed company since 1992. He has 30 years of experience in Australian and overseas on green fields mineral exploration, mine project management and
Slide 8: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Mr Gavin Harper (Non Executive Director) Gavin has 35 years of experience in the energy industry – both in conventional Oil and Gas and latterly in renewable biomass energy developments. Most of this experience has been with Chevron, where he
Slide 9: NuEnergy CBM Interests in Indonesia
NuEnergy CBM Interests in Indonesia For personal use only N CBM PSC RENGAT BLOCK CENTRAL SUMATRA BUNYU TARAKAN APPLICATION BLOCK EAST KALIMANTAN Singapore Pekanbaru Palembang INDONESIA Jakarta CBM SOUTH SUMATRA PSC & SOUTH SUMATRA II INFILL APPLICATION 0 200 400 Kilometers AUSTRALIA 0 200 400 Miles
Slide 10: Location - Coal Basins, NGY's CBM Blocks
Location - Coal Basins, NGY’s CBM Blocks For personal use only Nu Energy Rengat block Central Sumatra Nu Energy Application block Tarakan - Kalimantan Nu Energy South Sumatra blocks = Coal Basins NuEnergy acreage interests are in the major coal basins of Indonesia 10
Slide 11: NuEnergy PSC Interests in Indonesia
NuEnergy PSC Interests in Indonesia For personal use only NUENERGY GROUP PSC LOCATION Gross OF PSC PSC TERM WORKING JV PARTNER GAS REVENUE INTEREST % (Km2) to NGY (post acqn) South Sumatra II 6 Yrs exploration term 40% Pertamina 640 45% Existing CBM PSC (Total Contract 30 years) Option for 67% Renga
Slide 12: Indonesian CBM Potential Estimates
Indonesian CBM Potential Estimates For personal use only 454 TCF - This is larger than the potential for “conventional gas” in Indonesia! (Petrominer Magazine Feb 2010”) 12
Slide 13: The Indonesian Gas Market
The Indonesian Gas Market The Indonesian gas market is under supplied – so any gas found will not be stranded For personal use only Indonesia’s population is 240 million!- lot’s of reticulation infrastructure and proximate gas customers to NuEnergy block interests 13
Slide 14: Other Countries CBM Potential Estimates?
Other Countries CBM Potential Estimates? For personal use only • China 1000 TCF (Trillion Cubic Feet) • India 300 TCF • North America 800 TCF • Australia 350 TCF • Indonesia 454 TCF • The Australian CBM market was underway over 15 years ago and has recently matured with “majors” now acquiring early
Slide 15: What is NuEnergy's Acreage Like?
What is NuEnergy’s Acreage Like? For personal use only Ingredients for CBM production NuEnergy Acreage Known, thick, abundant, and laterally continuous coal beds Coal-bearing areas with coals of appropriate rank Indications of favourable reservoir for accumulation and preservation of coal bed me
Slide 16: Current Status
Current Status For personal use only • NGY already has excellent CBM acreage in Indonesia – Because it was an “early starter” in this emerging sector • It now intends to invest around $12m to progress its current PSC’s and capture other high potential acreage • It is extremely well positioned to gro
Slide 17: Proposed Work Programme - 2010
Proposed Work Programme - 2010 For personal use only Muara Enim - South Sumatra PSC (NGY 40%) • 2 core holes + 2 wells • Approximate spend ~ A$3m Rengat, Central Sumatra PSC (NGY 100%) • 4 core holes + 2 wells • Approximate spend ~A$3m Tarakan Joint Evaluation Application • Joint technical study pri
Slide 18: South Sumatra PSC (Muara Enim)
For personal use only 1) SOUTH SUMATRA PSC (Muara Enim) PARTICIPANTS OPERATOR % GROSS KM2 NGY GAS REV % NuEnergy NuEnergy 40 640 km2 45 % Pertamina 60
Slide 19: South Sumatra – Sought After CBM Acreage
South Sumatra – Sought After CBM Acreage NuEnergy is sourrounded by “majors” also seeking CBM For personal use only BP Blocks Arrow NuEnergy Energy PSC and Blocks Application Areas (dark Blue) 19
Slide 20: South Sumatra Overlapping Acreage Application
South Sumatra Overlapping Acreage Application NuEnergy application for overlapping (light blue) acreage @ 30% equity For personal use only NGY Existing PSC – 40% NGY Application acreage – 30% 20
Slide 21: Existing Seismic Data has Identified Coal Seams
Existing Seismic Data has Identified Coal Seams For personal use only Coal seams up to 30m thick and continuous at 400-700 m sub surface 614 kms of 2D seismic, 19 wells analysed in this area for CBM potential 21
Slide 22: Rengat PSC, Central Sumatra
For personal use only 2) RENGAT PSC, CENTRAL SUMATRA PARTICIPANTS OPERATOR % GROSS KM2 NGY GAS REV % NuEnergy NuEnergy 100 2,995 km2 45 %
Slide 23: Rengat CBM PSC – Central Sumatra - NuEnergy 100%
Rengat CBM PSC – Central Sumatra - NuEnergy 100% Large CBM Acreage adjacent an existing coal mine and huge Chevron steam flood oil field For personal use only Bukit Asam operating coal mine This is an oil and gas prone area adjacent existing coal mining activities 23
Slide 24: Rengat Seismic, Well Data
Rengat Seismic, Well Data For personal use only Significant well and seismic data demonstrates coal seams in this area 24
Slide 25: Tarakan Joint Evaluation Area
For personal use only 3) TARAKAN JOINT EVALUATION AREA PARTICIPANTS OPERATOR % GROSS KM2 NGY GAS REV % NuEnergy NuEnergy 40 500 km2 45 % Pertamina 60
Slide 26: Tarakan Joint Study /Evaluation Area (NuEnergy 40%)
Tarakan Joint Study /Evaluation Area (NuEnergy 40%) Process = Joint Evalaution with Pertamina, followed by PSC application For personal use only NuEnergy Joint Study Area This block (island) has significant existing oil and gas operations – evidence of coal beds 26
Slide 27: Tarakan Coal Bed Potential
Tarakan Coal Bed Potential For personal use only Well Logs –coal beds between 150-900 metres, 5-15 metres thick per seam 27
Slide 28: Fiscal Terms in Indonesian CBM
Fiscal Terms in Indonesian CBM For personal use only • Government share of gas sales revenues 55% • Contractor (NuEnergy) share of gas sales revenues 45% • Cost Recovery as a deduction before paying tax 100% • Contractor corporate tax 44% Gas Revenues Split % Government 55% NuEnergy 45% 28
Slide 29: The PSC "Evaluation" Process (Indicative)
The PSC “Evaluation” Process (Indicative) For personal use only • Identify area of Interest • Make application for Joint Evaluation Study Area – register intention to subsequently 1 apply for PSC • If study approved, submit (refundable) joint study bond for work programme • Conduct Joint Evaluation
Slide 30: NuEnergy's CBM Potential
NuEnergy’s CBM Potential For personal use only Quality Acreage - Activity Participation Level • NGY has 40%- 100% interests in its Excellent Locations in Indonesia 2 existing PSC’s, 45% revenue share • Situated in known coal basins • NGY has pending new ventures for • Surrounding coal mines, oil and
Slide 31: A Low Risk, High Reward Investment Proposition
A Low Risk, High Reward Investment Proposition For personal use only Minimise Risk • Stable political and regulatory regime • Onshore RISK • Prolific hydrocarbon addresses Maximise Returns • Shallow drilling depths • Good starting acreage REWARD • Known coal beds • Low drilling cost • Attractive fis
NuEnergy Capital — Investor Presentation (March 2010) on 6ix