Snapshot Technically-driven North West Shelf focused business (Western Australia) Oil discovery in 2014; US70 million (gross) carried well drilling in Q4, CY2015; aggregate independent best estimate 104 mmbbl resource…
Focus: in the NWS Appeal of the NWS Prolific oil and gas region CVN technical knowledge Opportunities in underexplored areas and play types Cerberus Phoenix Phoenix & project project Phoenix Sth Value proposition with competitive…
Phoenix Project New oil province 8
Phoenix: first 3D data over 1980 discovery Image of the Phoenix MC3D seismic data covering 1,100km2, within the 22,000km2 total acreage held by CVN and partners 2009 - CVN and partner acquire interest in the acreage in Government bid…
Phoenix: 104 mmbbl aggregate best estimate resource* Independent assessment Resources* Phoenix-1 well Roc-1 well Q4, CY2015 (by DeGolyer & MacNaughton) (gross mmbbls) Phoenix South-1 well Low Best High Phoenix 3 9 28 Contingent…
Phoenix: CVN acreage covers the basin Roc-1 Phoenix Sth-1 Phoenix-1 A proposed oil discovery discovery Bandy A Keraudren-1 (2015) (2014) (1980) Lead E N (1974) good reservoir, no closure A A oil source Roc-1 well up dip…
Phoenix: additional data acquisition in progress The initial Phoenix MC3D WA-436-P CVN: 30% covered 5% of acreage WA-435-P CVN: 20% holding At end of CY 2015 the total 3D data set will cover 45% of CVNs acreage holding The new…
Phoenix: activities 2015 2016 2017 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Drilling Roc-1 well Contingent Roc test Contingent…
Cerberus Project New project 14
Cerberus: prolific hydrocarbon region Proven petroleum system Multiple play potential Large volume fields nearby Shallow water acreage with shallow target prospects Close to pipeline infrastructure and onshore Gas field…
Cerberus: prospects and petroleum systems Acquired in May 2014 Multiple play types Discretionary wells in 2017/18 significant volume targets Jack-up well costs 10-20 million to 2,000 metres A A A A 16
Cerberus: Early Triassic Park Phoenix Early Triassic World time Phoenix (CVN 20-30%) Early Triassic oil discovery Land Cerberus (CVN 100%) Similar Early Triassic potential Acquired in May 2014 pre Phoenix South Phoenix…
Conclusion NWS exploration specialist 18
Highlights Technically driven and NWS focused Play opening oil discovery in 2014 in Phoenix South-1 well High impact Roc-1 well drilling in Q4, CY2015 with CVN carried to US70 million gross New ventures team one of Australias…
Think different Act different 20
Board of Directors Peter Leonhardt Chairman Peter is an independent company director and adviser with extensive business, financial and corporate experience. He is a Chartered Accountant, former Senior Partner with…
Management Team Philip Huizenga Chief Operating Officer Philip is a petroleum Engineer with nearly 20 years in the oil and gas industry encompassing drilling, logging and production on offshore and remote locations throughout…
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