RIU GOOD OIL CONFERENCE Andrew Knight, CEO 4-5 September 2012 Perth, Western Australia
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…
NZOG (New Zealand Oil & Gas Ltd) Issued Capital: 393 million shares Listed: ASX and NZX (since 1981) Shareholding: 1/3rd held by institutions 15,500 shareholders Market cap: A279 (NZ350) million* Head Office: Wellington, New…
Our Key Assets Production 15% of Kupe gas & oil field, offshore Taranaki NZ 12.5% of Tui area oil fields, offshore Taranaki NZ Remaining 2P (proved and probable) NZ reserves of over 10 mmboe (million barrels of oil equivalent)…
FY2012 Financial Results FY 2012 Solid cash flows from two Production mmboe 1.1 profitable fields Ave Sales Price (oil & light oil) US/bbl 114.8 cash reserves for In NZ million new investments Revenue 116.4 EBITDAX * 70.5 Able to…
Delivering on a growth promise Exploration activities Higher value achieved when successful Portfolio of different types of activity Within a targeted activity set (Three regions, mostly conventional, gas or oil, onshore and…
New Zealand Good prospectivity alongside established exploration and production Frontier Basin options Firm but fair regulatory regime Stable economy Stable Government supportive of sector New Zealand Oil & Gas Limited 7
Production solid base Two existing fields Kupe and Tui - 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…
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…
Taranaki Exploration Kakapo: 200 million barrel prospect NZOG seeking suitable drilling rig and additional partner Kaheru: 45 million barrel prospect Conditional agreement to take 60% stake if drilling commitment made Seeking…
Indonesia Working with partner focused on conventional and non-conventional resources in Indonesia Indonesian Government encouraging investment Current focus on Sumatra highly productive basins Kisaran permit with drilling…
Kisaran and Bohorok Kisaran: 22.5% stake At least 2 wells drilled in next few months Conventional targets and unconventional possibilities Bohorok: 45% stake 3 year initial work programme seismic acquisition and evaluation…
Tunisia Attracted to Tunisia due to its combination of good prospectivity, established exploration and production activity, reasonable fiscal terms, and relative ease of doing business Move towards more open democracy enhances…
Tunisia Cosmos: Cosmos NZOG 40% Existing oil discovery with upside US3m payment made to fund development study, US19m contribution to partners costs if development proceeds Decision by years end Diodore: 2 year prospecting…
Summary NZOG a different investment proposition to the typical mid-cap Australian E&P company: Long term revenue from two producing fields ca. A80m pa Strong cash reserves Able to fund new investments from balance sheet Regular…
Long term growth in shareholder value NZOG has: strong balance sheet, good cash flows technical know-how and commercial skills: Deliver growth by: Maximising value from our existing assets Developing opportunities…
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