Investor update presentation Phil Thick, Managing Director June 2014
Company overview Corporate overview New Standard Energy ASX:NSE Ordinary shares 386.2m NSE share performance over past six months Options and performance shares 22.1m Market capitalisation 52m (at 0.135c per share) Cash position…
Experienced Board and Management NSE Board NSE Management Arthur Dixon AM Chairman Greg Carlsen Exploration Manager 40 years with Shell in LNG, gas marketing and project Geologist and geoscientist with extensive onshore development…
Business Strategy and Focus The recent acquisitions have restructured the business, created a unique portfolio and delivered a strong alliance with Magnum Hunter Resources Corporation, resulting in a new focus. Cooper Basin Seek…
Diversified Portfolio Recent transaction with Magnum Hunter Resources Corporation (NYSE: MHR) has diversified the asset portfolio and altered the risk associated with NSEs business and investment profile Growing production delivering…
Magnum Hunter Resources Corporation Magnum Hunter partnership is key to Eagle Ford success Magnum Hunter is an independent oil and gas company with experienced operating credentials Currently active in three shale resource plays in…
A unique operating model - Eagle Ford Building the foundations of a positive business alliance NSE retains Operator status and control of the program contracting Magnum Hunter (MHR) under a Services Agreement Eagle Ford wells managed…
Magnum Hunter - successful execution MHR execution provides repeatable and predictable business Prepare and plan for a successful Consistency execution Drilling Completion Pad Drilling Review and Longer Laterals and More Top…
Magnum Hunter alliance delivering Successful execution delivering on the objectives Secure debt funding for current and future drilling operations Debt facility negotiated with Credit Suisse for up to US45 million with first draw of…
Eagle Ford key economic drivers Key drivers well costs and effectiveness of completions Peeler Ranch-4H total cost approx. US8.5 million (drilled 2013) Peeler Ranch-5H and 6H approx. cost US6.8 million each, same lengths, same…
Well improvements over time Atascosa County Cumulative Production vs Days Produced Comparison to CG&A* Standard Type Curves 120000 * CG&A refers to Cawley, Gillespie & Associates who are independent reserves certifiers 100000…
Peeler Ranch-5H & 6H Comparison of IP24s for oil production across the last four Peeler Ranch wells All wells - 20 stages Peeler Ranch Area - 215' spacing - 200k sand/stage Production Analysis and IP 800 750 2014 Zipper Fracs…
Eagle Ford growth platform Continue drilling program and look for expansion opportunities Aim to fund future drilling program through combination of cashflow from production and additional debt drawdown New reserves report within…
Cooper Basin South Australia Planning for the exploration and development of PEL570 Cooper Basin snapshot Activity over the past six months has reconfirmed that NSE position in PEL570 is in the heart of the Patchawarra Trough and is…
Western Australian assets Manage capital and retain upside The WA assets remain highly prospective and offer substantial potential upside to NSE and our partners, however: Early stage, high risk and subject to infrastructure and…
For more information contact: Phil Thick, Managing Director +61 8 9481 7477 infonewstandard.com.au
Additional Information
Eagle Ford asset summary Acreage snapshot and valuation 5,182 net acres in the prime Eagle Ford play in Atascosa County, Texas, US Includes seven producing wells with existing cashflow Wells are predominantly oil and natural gas…
Eagle Ford reserves Proved * Net Proved Total 1 P Total 2 P Total 3 P Developed Probable Possible Reserves Undeveloped Reserves Reserves Reserves Producing Oil Mbbl** 282.8 798.4 1,081.1 798.4 1,879.5 7,850.0 9,729.4 Gas MMcf***…
Eagle Ford oil window in Atascosa New Standard acreage (5,182 net acres) EOG BHP -Petrohawk Chesapeake Goodrich Cabot Oil Window Chesapeake GOR < 750 Talisman Newfield Chesapeake Anadarko Talisman…
Eagle Ford acreage Peeler Ranch Lease is in secondary term and subject to continuous drilling clauses (one well every six months) 10 potential additional Eagle Ford well locations New Standard has just completed two wells…
Eagle Ford acreage Alright Prospect Lease is in primary term until 2015 Secondary term; retain all mineral rights through continuous drilling (one well each six months) 50+ potential Eagle Ford well locations on 650 spacing…
Cooper Basin PEL 570 summary NSE has secured a 52.5% operated equity stake in PEL570 (2,400km2) Farm-in spend of 42.5m by NSE (100%) over 5 years, any spend above this in line with equity Work program to be tailored and revised…
Cooper Basin asset overview PEL570 Cuttapirrie Napowie Pondrinnie Wimma Positive pressure cell whereby generation and expulsion of HC is greater than migration Over-pressured by definition 25
Cooper PEL570 adjacent positions Surrounded by major players with acreage in proven hydrocarbon bearing formations, with ability to access East Coast gas market using existing infrastructure already in place within the Cooper Basin…
Canning & Carnarvon asset summary Western Australian assets remain integral to the overall portfolio but now form part of a broader group of assets A diversified portfolio of attractive exploration assets in WA across three…
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