PNG Company Number 1-63551 COMPANY PRESENTATION ASX Spotlight Conference London, 6 March 2014 Slide 1
Kinas Objective, Strategy & Implementation Objective: Creation of value through organic growth across multiple play types. Strategy: Development of existing resources. Farmout exploration assets. Implementation: Development…
Kina Financial and Operational Summary Commercial Quantity of Resources PRL 21 has 2C contingent resources (Elevala and Ketu) of 173 mmboe of which 26* mmboe is net to KPL: 6 mmbbls of condensate 120 bcf of gas Tingu discovery yet…
Kina Value Matrix KPL Share Price 1.50 PRL 38 PRL 21 Expl'n Exploration 1.00 0.50 Current PRL 21 PRL 21 Risked value of Valuation* Western Prov. Forelands Eastern Gulf of Papua Price Liquids Gas PRL 38 Oil / Wet…
Value Accretive Activity - Development Development Licences PRL 21 & PRL 38 PRL 21 activity: Tingu well discovery announced on 2 October 2013 Tingu and Ketu 2 production tested. Liquid to gas ratios of 65 and 50-60 bbls/mmcf…
Value Accretive Activity - Exploration Exploration Licences Farmout deals announced for PPLs 337 and 437. KPL carried through seismic and wells. PPL 337 focused on local and international energy markets expressions of interest…
Kinas Assets & Prospect and Lead Inventory 1 Further evaluation is required to determine the existence of hydrocarbons Slide 8 with recovery dependent on future development.
Share Price Performance KPL has outperformed all key ASX indices 300 107.5% KPL 250 27.2% Small cap conventional KPL 200 Brent Rebased to 100 26.4% 150 Small cap conventional Brent 23.2% Large cap Large cap (+23%)…
Value Proposition KPL is undervalued relative to ASX listed peers Drillsearch 18.5 Buru 9.5 Valuation is based on inclusion of pre-drill estimates from Mid cap Horizon 6.8 AWE 4.3 Tingu discovery in PRL 21. Beach 3.2 Senex…
Why Invest in PNG A stable democracy with a Westminster System of government An economy enjoying excellent growth primarily through resources A world class petroleum province with 2 proven and active hydrocarbon systems…
PNG Deals, LNG & Kinas Drilling Success Exxon Mobil PNG LNG project is on time first production in 2014 Total entry into Antelope Elk/Antelope and Triceratops opening up new plays in East Papuan basin. Santos farm in PPLs 261 and…
Western Province Gas Commercialisation Liquids stripping to commence 2017 with barge export of liquids from Kiunga down Fly River Liquids stripping infrastructure is a pre-investment in potential future Mid scale LNG Project ( 2-4…
ASSET REVIEW AND FURTHER GROWTH Slide 14
Kina has material upside through presence in multiple play types KPL Acreage covers: Multiple geological play types PNG hydrocarbon spectrum Wet gas upside in PPL 437, adjacent to PRL 21 discoveries. Very large gas upside,…
Kinas assets & Prospect and Lead Inventory Slide 16
Kinas Future Production Asset - PRL 21 Papuan Basin Contains the commercial wet gas discoveries of Elevala, Ketu and Tingu at depth of 3000m. 2C liquids of 43.9 mbbls. 2C gas of 866 bcf. Tingu discovery drilled Sept/Oct 2013.…
Potential Resource Addition Next to PRL 21 Papuan Basin - PPL 437 Next to PRL 21. Licence area is twice that of PRL 21. South of PPL 269 50% of which recently sold for up to 40m. Commercially attractive proximity to PRL 21…
Future Production Asset PRL 38- Pandora Discovery Joint Venture Cott (40%), Talisman (25%), Kina (25%) & Santos (10%) 2 gas discoveries at 1,500m TVD in 110m water offshore Gulf of Papua Estimated gross 2C Contingent Resource of…
Kina Growth Asset PPL 337 Located in northern PNG targetting dry gas. Reef and clastic targets 2 wells during 2014 3 possible well locations Banam, Kwila or Raintree locations identified for drilling. Access by road, and close…
PPL 337 Possible Drill Location Raintree Location Road transportable rig being considered for drilling PPL 337 Slide 21
PPL 337 Drilling Progress Front end well design underway and with preparations for formal tendering process for rig and services started Raintree: A suitable well location providing rig access has been identified and initial well…
Growth Asset PPL 338 Eastern Papuan Basin Located at basin margin with wet gas potential. Adjacent to Elk/Antelope and Triceratops discoveries Extension of proven reef play. Existing farmout with Oil Search. Gradiometry and seismic…
PPL 338 Triceratops Updip & Triceratops North B A Slide 24
Growth Asset PPL 339 Eastern Papuan Basin Located at basin margin with wet gas and possibly oil potential. South East of Elk/Antelope discoveries Outcrop evidence supports extension of Miocene Pliocene reef play. Existing farmout…
PPL 339 Oil Prospectivity Bowerbird,Cassowary Geochemical screening analyses of two seep oils from Upoia1 and Upoia2 undertaken by CSIRO show biodegradation but the hopane biomarkers tentatively indicate that the Upoia1 and Upoia2…
Growth Asset PPL 340 Eastern Papuan Basin Located in the east of PNG, close to Port Moresby. Mid Miocene to late Pliocene reefs evident from well and seismic data. 3 Leads: Port Moresby, Lizard , Rorona Updip Target is dry gas…
Growth Asset PPL 435 Southern Papuan Basin Margin Located in the Western Province updip of the PRL 21 licence (approx 50kms to the north east) Targeting wet gas in multiple leads Wet gas confirmed in nearby Lake Murray 1 well.…
Growth Asset PPL 436 Southern Papuan Basin Margin Located in the southern part of the Western Province. Targeting basin margin wet gas and oil in multiple targets South and updip of active Panakawa oil seep. Aerogravity…
phone +61 2 8247 2500 mobile +61 407 747 657 Richard Schroder, CEO +61 422 444 140 Alex Mitchell, CFO email richard.schroderkinapetroleum.com alex.mitchellkinapetroleum.com address Suite 6.03, 9-13 Young Street, Sydney NSW, 2000…