Corporate Presentation 7 September 2011 ASX ANNOUNCEMENT Carnarvon Petroleum Limited (Carnarvon) (ASX:CVN) is pleased to provide shareholders with the attached Corporate Presentation given by Mr Philip Huizenga, Carnarvon Chief…
Good Oil Conference 6 & 7 September 2011 Presented by Mr Philip Huizenga Chief Operating Officer
Corporate Overview 3
Corporate Strategy & Overview Our strategy is to build a profitable company, from a diversified portfolio of exploration & production assets, which creates value for our shareholders over the long term Carnarvon currently has low cost,…
Thailand Assets 5
Thailand Overview Block L33/43 (40% & Non-Operator) Block L20/50 (50% & Operator ) Exploration, appraisal and production Mid phase exploration Reserves: 3.8 MM bbl 2P (Oil)1 Area: 3,962 km2 Area: 929 km2 (Note 50% to be relinquished 21…
Why is Carnarvon in Thailand Stable concessionary fiscal regime Thailand I Regime: 1971-1981 Thailand II Regime: 1981-1989 (outdated) Thailand Thailand III Regime: Post 1989 Overall contractor take about middle of the road…
Why expand in Thailand 2001 CVN farms in to SW1A producing field Wichian Buri Sandstones Operations Geology Core 2003 CVN (with SW1A JV) applies for Competency L33 and L44 exploration permits Onshore Thailand Commercial…
Why L20/50 Southeast and on trend of large, 200 million barrel Sirikit Oil Field (produced over 150 mmbbls and still producing 20,000bopd) 1,000km 80s vintage 2D seismic interpreted Sirikit Oil Field Nong Bua-1 drilled by Shell…
L20/50 Bid Thailand Based on available information, Carnarvon successfully bid for block Previous knowledge: Minor oil shows noted in sands in Nong Bua-1 well. Limited geochemical analysis suggested possible source rocks.…
Seismic acquisition and interpretation Acquisition Interpretation 2009 2010 20-30 leads identified from 2009 seismic at three stratigraphic levels; Nine locations highlighted for surface scouting; Three locations…
Rotary lie detector put into action in 2011 Tapao Kaew-1: Several thin, potentially reservoir quality sands were intersected Tapao Kaew Krai Thong analysis of wireline logs, Jan-Feb cutting samples, gas readings 2011 Mar 2011 and…
Encouraging results Trap... No commercial result yet, but.....we Wells drilled in the basin to date have likely have significantly de-risked other not been drilled on viable structures, due to elements required to prove a complex…
New Focus: Finding a valid Trap Complex faulting on basin margin: good potential for structural closures W Chalawan E Chalawan prospect defined on Unc A Horizon W E Migration from depocentre Complex faulting and…
Future Clearly defined path ahead for progressing exploration in L2050 Post well analysis and reprocessing seismic 2011 3D Data Acquisition 2012 Drilling 2013 16
Why L52/50 and L53/50 Onshore in area of focus for Carnarvon Tertiary basin Anticipate low cost exploration On trend with similar sized Chumphon Basin to the north which has proven oil kitchen with numerous wells encountering oil…
Initial work - encouraging Review of old wells show fair to excellent potential source rocks Khian Sa-1 (1988, TD 2438m) sidewall core containing interpreted dead oil PK-1 (2004, TD 1032m) Coal Bed methane tests reported gas…
Ongoing work Initial structural maps (based on old 2D scanned data) shows multiple leads Currently acquiring new 2D seismic to infill sparse 1988 vintage data concentrating on areas over known leads Drilling of two wells planned…
2006 L33/43 and L44/43 2000 Carnarvon Petroleum acquired a 40% working interest in SW1A via farm-in of 2 wells 2003 Carnarvon subsequently acquired 40% of two exploration concessions with the operator 2006 Net 2P Reserves of around…
2010 L33/43 and L44/43 Fast forward to end 2010 Over additional 100 wells drilled Over 10 additional oil fields discovered Significant reserves increase 4.7 mmbbls proved (1P); 20.4 mmbbls proved and probable (2P); and 51.9 mmbbls…
Future potential L33/43 and L44/43 Sandstone Reservoirs Historical data going back to initial production in 1995 Produced to date from sandstone reservoirs is around 400,000 bbls and 2P reserves as at end 2010 was in the order of 4…
Next 1-2 years in Thailand Exploration 1-2 wells Appraisal 1-2 wells Acquire 3D seismic Exploit resources Exploration 1-2 wells Develop reserves Exploration 3-6 wells Appraisal 3-6 wells Development Exploit resources Develop…
Long Term Thailand Commitment Carnarvon established a branch office in 2007 26
Strong Community Involvement Significant local employer Preference for purchase of local goods and services Sponsorship to local schools and other community projects Food donations to recent flooding victims Ongoing support for…
Conclusion Thailand priorities: Steadily improve the base production from sandstone reservoirs (L44/43 & L33/43 Concession). Continue drilling high flowing volcanic reservoirs (L44/43 & L33/43 Concession). Acquire 3D seismic to enhance…
Good Oil Conference 2011 Philip Huizenga Any questions come and join us for Key Points a free coffee 29
Ground Floor 1322 Hay Street West Perth WA 6005 Telephone: +61 (8) 9321 2665 Fax: +61 (8) 9321 8867 www.carnarvon.com.au
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