CEOs AGM Presentation David Salisbury New Zealand Oil & Gas Limited
A Rewarding Year Solid financial performance 5 cents per share dividend Dividend Reinvestment Plan Significant growth in share price NZ 40% increase in share price since 2008 AGM New Zealand Oil & Gas Limited
Tui area oil fields NZ139m in revenue for NZOG 9.1mmbbls of oil in FY09 NZOG share 1.14mmbbls 5.1mmbbls forecast for FY10 NZOG share 0.63mmbbls Highly regarded product Forward sales contract signed with Shell Upside potential…
Kupe Mechanical completion achieved First gas introduced to plant next week Development costs have risen NZOGs final share likely to be NZ195-NZ200m Expected revenues have also increased Solid income stream for next 15 years…
Pike River Coal NZOG retains stake of 29.6% First coal October 2008 Ventilation shaft collapse and production delays First coal shipment scheduled for 1stQ 2010 Pike exploring options to meet short- term funding requirements…
Exploration Portfolio Significantly expanded 8 permits plus 1 under application New Zealand Oil & Gas Limited
Summer Drilling Programme: Albacore 60kms north of New Plymouth NZOG has 40% interest Albacore-1 to be drilled by jack-up rig Ensco-107 Scheduled for November Approx. 20 day drill Three target zones Plicoene Fan Two Mangaa…
Summer Drilling Programme: Hoki NZOG has 10% interest To be drilled by semi-submersible rig Kan Tan IV Likely spud date January 2010 Approx. 30 day drill Large potentially oil-bearing prospect Hoki-1 well will test structure…
Summer Drilling Programme: Tui At least two appraisal wells To be drilled by Kan Tan IV after Hoki Current planning: Tui North East Tui South East or South West Potential for rapid commercial development New Zealand Oil &…
Romania Low cost investment in study group Slovakia A significant oil and gas Note: Carpathian Nappes and Ukraine Foredeep along with the Moesian Platform are sometimes collectively referred to as the Carpathian- Balkanian Basin…
Investment Criteria Value creating opportunities with near term payback Proven hydrocarbon basins Existing open access infrastructure Ready access to markets Scope for growth Healthy financial return Manageable risks Fiscal and…
Investment Opportunities FY09 invested NZ120m in new and existing ventures Actively screened value-adding investments Ready to drill prospects at Hoki and Albacore secured 15% stake in under-valued Pan Pacific Petroleum Global…
Capabilities Strength of our team allows us to pursue growth G&G team with combined experience of over 200 years Independently evaluate new projects and existing assets Legal, commercial and accounting professionals Managing…
Financial Strength Cash balance of NZ178m Most held in US denomination A/Cs with NZ banks Revised debt facility of NZ75m Favourable terms, secured against Kupe 50m drawn down to meet NZ dollar expenses US dollar primary currency…
Emission Trading Scheme Amended legislation proposed by NZ Government NZOG engaging with officials and closely monitoring progress on ETS Looking to comply with our obligations with the minimum cost impact for the company New…
Conclusion Solid existing portfolio Three revenue streams from Kupe about to supplement Tui oil Strong financial position Highly capable team Pike River and PanPac investments value-creating Pursuing new opportunities…
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