PNG Company Number 1-63551 TECHNICAL BRIEFING JULY 2012 Slide 1
CONTENTS INVESTMENT HIGHLIGHTS CORPORATE SNAPSHOT PNG ACTIVITIES KPL FOCUS ASSET OVERVIEW FOREWARD PROGRAM KINAS TRACK RECORD TO DATE BOARD AND MANAGEMENT Slide 2
INVESTMENT HIGHLIGHTS Good acreage position in PNG Company maker confirmed in PRL 21 Elevala Tingu & Ketu Fields Approaching gross resource of 1tcf gas & 60MMbbls condensate & 20MMbbls LPGs Net 150bcf, 9MMbbls condensate &…
CORPORATE SNAPSHOT Quick Facts Investor Update on Kina Petroleum Share price (23 July 2012) 0.36 ASX/PoMSoX on 19th December 2011 raising 12.3M at 0.20, significant increase in share price over 7 months; Shares on issue (97.4M…
PNG EXPERIENCING HIGH ACTIVITY LEVELS & SUCCESS Exxon Mobil Project on time Shell entry into PNG Interoil Project Triceratops discovery extends hydrocarbon bearing reef trend northwest of Elk Antelope Mitsubishi entry into PNG…
PRL 21 PRL 21 15% ownership interest with other JV partners Horizon (45% and operator) and Talisman (40%) Located in foreland area of Western Province in PNG 2 discoveries Elevala 1 & Ketu 1 & 2 successful appraisals Elevala 2 &…
PPL 337, 338, 339, 340 PPL 337 Operator and 100% ownership interest Covers an area of 5,508 km2 and is located in the Ramu Sub Basin close to Madang Proven anticline structure with gas seeps Potentially giant gas prospect close to…
KPL FOCUS: PRL 21 DEVELOPMENT & PROSPECTS CLOSE TO INFRASTRUCTURE
KIUNGA INFRASTRUCTURE PERFECT FOR LIQUIDS EXPORT Kiunga 70km west of PRL 21 PRL 21 ownership KPL 15% interest with other JV partners Horizon (45% and operator) & Talisman* (40%) PRL 21 is in the foreland area of Western Province…
EARLY LIQUIDS DEVELOPMENT IN AREA OF EXCEPTIONAL EXPLORATION SUCCESS Over 4.5 TCF & 100MMbbls liquids discovered to date 6 out of 9 exploration wells and 7 out of 7 appraisal wells have been successful All in close proximity to Kiunga…
ELEVALA 2 & 2ST1 RESULTS & RESOURCE NUMBERS Spud 14 Nov 2011 Elevala reservoir 40m high to prognosis 28m core 100% recovery Gas on rock with good quality reservoir P& A Elevala 2 31st Dec 2011 Sidetrack drilled to 3630mMD…
KETU 2 RESULTS & RESOURCE NUMBERS EXCEED EXPECTATIONS Well spudded at 1000hrs 6th March 2012 Core 2 confirms better and thicker reservoir Elevala Sst 20m deep to prog & 40m down-dip from Ketu-1ST. Elevala Sst gas bearing down to…
PPL 338 NIPPA PROSPECT & PROPOSED SEISMIC PROGRAM Kina Resource Estimate: P10 4.5tcf in place and 3tcf recoverable using 25% porosity and a N/G of 80%
PPL 338 FOLLOW UP POST NIPPA & TRICERATOPS Courtesy: Interoil
PPL 337 BANAM PROSPECT & PROPOSED SEISMIC SURVEY Banam Anticline In place resource estimate full trap volume 36 to 37.5 TCF. 55 Km seismic survey proposed for 2013 Logging tracks provide excellent access Slide 16
PPL 339 AEROGRAVITY PROPOSAL & SEISMIC REPROCESSING Seismic over Cassowary Prospect Analog to Mako Wahoo Trend 75 km SE from Cassowary Prospect
PPL 340 GAS PLAY AEROGRAVITY SURVEY Gas charged Oroi Anticline close to PPL 340 boundary PPL 340 coastal terrain good for seismic easy access Slide 18
WHAT WE HAVE ACHIEVED & WHERE WE ARE GOING
KINA HAS EXCEEDED ITS FORECAST 1st well in PRL 21 has confirmed a 50m (164 ft) gas column with likelihood Elevala Tingu Gas Field is filled to spill 2nd well in PRL 21 has confirmed greater than 50m hydrocarbon column at Ketu Gas…
KINA TEAM: STRONG PNG/INTERNATIONAL RESOURCE & COMMERCIAL SKILLS Mr. John Prendiville Non Executive Chairman 20 years providing corporate finance Macquarie Bank. Head of Macquaries Global Resources Group for the last 8 years. Extensive…
phone +61 299 770 084 mobile +61 407 747 657 Richard Schroder email richard.schroderkinapetroleum.com address PO Box 589 MANLY, 1655 NSW Australia PO Box 212 WAIGANI National Capital District Papua New Guinea website…