Production Forecast Two existing fields providing long term cash flows 1.200 1.000 (millions of barrels of oil equivalent) 0.800 Production 0.600 Kupe Gas Kupe LPG Kupe Oil 0.400 Tui Oil 0.200 - FY2012…
FY2011 Investment, Cash and Debt Investment excluding Pike River Coal (NZ) Approx 13 million (FY2011: 8 million) Exploration & Evaluation expenditure 10 million Oil & Gas capex 1 million Cash Position at 30 June 2012 (NZ) 209…
Dividend Strong performance in FY2012 Fully imputed dividend of 6 cents per share Record date 14 September Payment date 28 September Dividend Reinvestment Plan available New Zealand Oil & Gas Limited 7
Operational Highlights New Zealand Oil & Gas Limited 8
Kupe NZOGs largest revenue source FY12 Revenue: 74.3m FY12 Production (NZOGs 15% share) 2.86 PJ sales gas 12,500 tonnes 269,500 barrels of oil FY13 Production Forecast (NZOGs 15% share) 2.75 PJ sales gas 12,250 tonnes 216,500…
Tui FY12 Revenue: 42.0m FY12 Production (NZOGs 12.5% share): 276,000 barrels of oil Reduction in estimated initial developed proved and probable (2P) reserves to 41 mmbbls Work well advanced on accessing additional volumes of…
Portfolio expanded, refocused Objective to build a suite of opportunities with varying degrees of risk, cost exposure, reward New Zealand exploration remains core focus Taking more active role as permit operator Foreign…
NZ Exploration Permit NZOG Stake Taranaki Basin PMP 38158 Tui 12.5% PML 38146 Kupe 15% PEP 51311 Kakapo 90% (Operator) PEP 52181 Kaheru 60% (Operator) PEP 51558 Kanuka 50% New Zealand Oil & Gas Limited 12
Kakapo PEP 51311 NZOG 90% Kakapo prospect a stacked series of Miocene coastal sands Estimated mean prospective resources over 200 mmbbls NZOG seeking suitable drilling rig and additional partner New Zealand Oil & Gas…
Indonesia Strong progress in building a Sumatra focussed portfolio of interests Strategic relationship with Bukit Energy Kisaran drilling imminent Bohorok permit won / 2D seismic to be acquired Other prospects being considered…
Kisaran and Bohorok Kisaran: 22.5% stake 2 wells drilled in next 8 months Conventional targets and unconventional possibilities Bohorok: 45% stake 3 year initial work programme seismic acquisition and evaluation New Zealand…
Tunisia Good prospectivity alongside established exploration and production Reasonable fiscal terms and ease of doing business Work progressing well in Diodore 40% of Cosmos concession New Zealand Oil & Gas Limited 16
Cosmos & Diodore Cosmos: Cosmos Existing oil discovery with NZOG 40% upside US3m payment made to fund development study, US19m contribution to partners costs if development proceeds Decision by years end Diodore: 2 year…
Returns for Shareholders Strong balance sheet can fund capital investment in growth: Dividend of 6 cents per ordinary share declared Dividend Reinvestment Plan available NZOG remains focussed on growing shareholder wealth by:…
Disclaimer New Zealand Oil & Gas Limited has prepared this presentation to provide information about the company. The information presented here does not, in any way, constitute investment advice. It is of a general nature and…