CUE ENERGY RESOURCES LIMITED Good Oil Conference 2nd September Ironbark TR17 structure
Strong Production with Exploration upside Unique small cap with diverse production assets and strong cashflow 38 million FY15 production revenue Approx. half revenue from fixed price gas sales High impact near term exploration…
Diverse Operated and non-Operated Assets Indonesia USA (Texas) Exploration Production Mahakam Hilir PSC (Op) Pine Mills (Op) Mahato PSC Jakarta office Indonesia Production Sampang PSC New Zealand Production PMP 38160…
An exciting FY16: Multiple value drivers Near term activities with potential to add significant value to Cue Australia: WA-359-P/WA-409-P (Ironbark) farm-out Indonesia: Naga Selatan-2 exploration well New Zealand: Te Kiri North -1…
Carnarvon Basin WA-359-P/409-P Farm-out 100% equity in WA-359-P and WA- 409-P in Australias premiere hydrocarbon province Ironbark Prospect; a large, simple, untested structure straddling WA- 359-P and WA-409-P 15 trillion…
Ironbark:15 Tcf world class gas prospect Regional mapping demonstrates correlation with Gorgon reservoir sands Petrophysics of Mungaroo sands predict good porosity and permeability at Ironbark target depths Triassic source coals and…
Ironbark: 400km2 max. structural closure 300m thick sand packages with multiple horizons 140km2-400km2 simple horst block with symmetric rollover Ironbark-1 well estimated at US50-60m 15 tcf best technical estimate recoverable from…
Indonesia: Mahakam Hilir PSC Cue operated (100%) Naga Selatan-2 well due to spud Q4 2015 Acquisition of extra 60% equity in Mahakam Hilir PSC driven by Cue technical review Cue is targeting shallow oil structures; previously…
Naga Selatan-2 well Q4 2015 Mahakam Hilir PSC includes the Pelarang anticline, modelled as an analogue of the nearby Sanga Binangat Sanga anticline 6mmbbl Shallow (2000ft) reservoirs to be targeted by the Naga Selatan-2…
Indonesia: Mahato PSC 12.5% equity acquired late 2014 Underexplored PSC within SE Asias largest proven petroleum system, surrounded by Indonesias largest producing oilfields Initial drilling targets are an extension of Chevron…
Mahato: Exploration running room 4 Independent focus areas for Exploration and Development. All highly prospective with multiple prospects Balam Area Petapahan area is the focus of Q1 2016 drilling Gembala Area Seismic to be…
Production with near term exploration Strong production outlook from existing assets Maari workovers Sampang PSC longer life production with Oyong gas price increase Pine Mills acquisition in low oil price environment; low variable…
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