A New Approach to Asian Energy Lion Energy Company Overview Kim Morrison CEO September 2014
Important notice and disclaimer (cont.) Reserves & Resources, 1 Jan 2014 Gas/Associated Gas (BCF) Oil/Condensate (MMbbl) Method (Recoverable, net to Lion)1 Reserves 1P 2P 3P 1P 2P 3P Total Reserves (Seram) 0.153 0.234 0.372 Deterministic…
Presentation Overview Snapshot Our Team Why Indonesia Strategy Assets Milestones A New Approach to Asian Energy www.lionenergy.com.au September 2014 4
COMPANY SNAPSHOT Linked conventional/unconventional Indonesian strategy Restructuring complete Shares on issue: 95m Market cap 20c: A19 million Cash: A5.8mil (30/6/2014) Revenue: A2.2 million pa Major shareholders: Risco Energy…
BOARD & MANAGEMENT Well rounded board, proven track records Russell Brimage Kim Morrison Chairman Managing Director and CEO 35+ years experience in oil and gas Exploration geologist, 28 years of international Founder of Oilserv…
ADVISORY BOARD Pre-eminent panel of industry advisors, wide-ranging skill set Mr Roger Whyte Dr Andrew Cullen Principal Advisor Technical Advisor Geophysicist with extensive SE Asia Petroleum geoscientist (BSc, MSc and PhD) exposure,…
STRENGTHS The right mix of skills and expertise Technical Best-in-class team Big company expertise, small company agility Advisory panel (tapping US/international unconventional knowledge) Commercial Risco team involved in deals…
WHY INVEST IN INDONESIA A unique opportunity in SE Asia Projected Indonesian Oil and Gas Supply Worlds fourth-largest population Mboe/d and Demand Balance (250mm) 6,000 Demand: High-case Fast-growing economy (GDP 6%pa) with 5,000…
INDONESIAN, AUSTRALIAN COMPARISON Indonesia has 9x more onshore discovered oil and gas than Australia despite only a of the land mass. Indonesian and Australian Onshore Productive Basins Source: IHSE, various 18000 Australia onshore…
CLEAR STRATEGY Linked conventional/unconventional approach Focus on Sumatra: prospective geology, infrastructure and markets Use synergies in conventional exploration to de- risk our unconventional potential, advantages: Cost…
SOUTH BLOCK A PSC (35%) Heartland position in prolific North Sumatran Basin (1894 km2) New 183 km 2D seismic complete, targets 150bcfg & 16mmbbl oil/cond (Net, recoverable, P50, unrisked) 2013 Matang 1 discovery in adjacent PSC…
PAYA BILI PROSPECT New seismic promising, evaluation ongoing Shallow, pre-war field with untested deeper sands Pre- last relinquishment SBA PSC outline On productive oil trend Updip to well which tested oil and…
DJERNEH PROSPECT Large attractive prospect, on trend with major fields to north (i.e. Pase) Pre- last relinquishment Prominent anticline, four way dip (7 km2) with SBA PSC outline large sub-thrust closure (up to 40 km2) 2014 seismic…
SERAM (NON-BULA) PSC (2.5%) Production with exploration & development upside (1524 km2) Oseil facilities 3000 bopd (70 bopd net to Lion), revenue A2.2 mil pa Attractive fiscal terms, large sunk cost pool Successful 2014 Oseil…
LOFIN DISCOVERY Potentially large gas/oil accumulation in Manusela Limestone Lofin 2 Lofin-1 reached total depth (TD) of 4,427m Lofin structure with MD, 160m hydrocarbon (HC) column Lofin 2 location Tested 15.7 mmscfpd gas and 171…
LION UNCONVENTIONAL CLAIMS STAKED Four Joint Study Applications (JSAs) submitted, 17,000 km2 2 in North Sumatra, 2 in Central LNG import terminal Sumatra North Sumatra Basin Potential world-class shale and tight gas/oil…
LION OPPORTUNITY FUNNEL NEW BUSINESS Lion well placed to access Indonesias exciting deal flow New Venture Technical Negotiation / Exploration Screening Review Final DD activities Sign Submit Sign CA Bid/Offer Acreage Undeveloped…
MILESTONES Active program - good news flow, funded through Q1 2015 Remaining 2013 2014 2014 net cost Lion Interests/Activities forecast Q4 Q1 Q2 Q3 Q4 Amm Transaction approved 22 Jan 2014 relisting Corporate 0.7 Build…
WHY INVEST IN LION Early mover with linked conventional/unconventional strategy Management Existing attractive conventional assets in proven areas, near term drilling Unconventional Joint Study Applications (World-class potential)…
Thank you For more information please contact: Kim Morrison Chief Executive Officer kmorrisonlionenergy.com.au Office: +61 8 9211 1500 Mobile: +61 404 490 964 Twitter LionEnergyASX 21
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