PNG Company Number 1-63551 US INVESTOR PRESENTATION July 2013 Slide 1
Vision, Strategy & Implementation To become a sustainable PNG Oil & Gas Company Strategy: Cash flow from PRL 21 Farmout Growth Assets Implementation: PRL 21 cash flow 2016 Farm outs: PPL 338, PPL 339, PPL 340 done PPL 337,…
Company Timeline 2008 December - Company incorporated. 2009 September awarded interests in PPLs 337, 338, 339 & 340 2010 October farmout of interest in PPLs 338 and 339 to Oil Search. February awarded interest in PRL 21. 2011…
Financial and Operational Summary Commercial Quantity of Reserves PRL 21 has 2C reserves of 188 mmboe of which 28.2* mmboe is net to KPL: 6.6 mmbbls of condensate 130 bcf of gas Large Acreage Footprint: 41,000 km2 Dominant…
Value Accretive Activity Development Licence PRL 21 Tingu well to spud during Q3. P50 reserve estimate of 15mmboe* net to KPL Development planning for Elevala and Ketu liquids in progress. Exploration Licences Farmout deal…
Share Price Performance KPL has outperformed all key ASX indices ies 250 82.5% KPL 200 KPL 21.1% Brent Rebased to 100 20.4% Small cap conventional 150 Brent Mid cap 17.8% Small cap conventional Mid cap (+18%)…
Value Proposition KPL is undervalued relative to ASX listed E&P peers 60.0 EV/2P Multiple (U/boe) 50.0 35.4 40.0 Valuation based on conversion of PRL 21 24.3 reserves to 2P 30.0 21.2 18.2 17.5 13.7 20.0…
Value Matrix Source: BBY Slide 9
Future Production Asset - PRL 21 Papuan Basin Proven play type located in Western Province. Contains the commercial wet gas discoveries of Elevala and Ketu at depth of 3000m Proceeding to PDL award and FID status in 2014 for…
Potential addition to nearby developments Papuan Basin - PPL 437 Located in the Western Province bordering PRL 21 to the north and east. Targeting proven Elevala and Toro wet gas play in multiple prospects at similar depths to…
KINA Growth Play Concepts Slide 12
KINA GROWTH PLAY CONCEPTS SOUTHERN PAPUAN BASIN Slide 13
KINA GROWTH PLAY CONCEPTS NORTH NEW GUINEA BASIN Slide 14
Growth Asset PPL 337 North New Guinea Basin Located in northern PNG targetting dry gas. Reef and clastic targets Farmout negotiations in progress. Kwila and Raintree locations identified for drilling. Access by road, and…
Growth Asset PPL 338 Eastern Papuan Basin Located at basin edge with wet gas potential. Adjacent to Elk/Antelope discoveries Extension of proven reef play. Existing farmout arrangements with Oil Search. Aeromag and Seismic…
Growth Asset PPL 339 Eastern Papuan Basin Located at basin edge with wet gas and possibly oil potential. Adjacent to Elk/Antelope discoveries Extension of proven reef play. Existing farmout arrangements with Oil Search. Initial…
Growth Asset PPL 340 Eastern Papuan Basin Located in the east of PNG, close to Port Moresby. Untested play type, but late Miocene to Pliocene reefs evident on nearby seismic Target is dry gas for power generation into Port…
Growth Asset PPL 435 Southern Papuan Basin Edge Located in the Western Province adjacent to the PRL 21 licence which contains the Elevala and Ketu discoveries. Targeting wet gas in multiple leads Wet gas confirmed in nearby Lake…
Growth Asset PPL 436 Southern Papuan Basin Edge Located in the southern part of the Western Province. Targeting basin edge wet gas in multiple targets Close to active Panakawa oil seep. Further reported oil seeps being sampled…
Operational Timeline Slide 21
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…
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