Barry Rushworth CONFERENCE PRESENTATION CEO & Executive Director Windhoek, Namibia - April 2014 1
Pancontinental Management Team David Kennedy Barry Rushworth Ernie Myers Non-Executive Chairman Executive Director Executive Finance Director Chief Executive Officer Anthony Maslin Vesna Petrovic Independent Non- Company…
Corporate Snapshot Pancontinental Oil & Gas is listed on the Australian Securities Exchange (ASX) under code PCL Pancontinental has a long-standing African focus Technically driven- projects must have sound country entries and a…
OFFSHORE KENYA..... 5
Offshore Kenya - Factors for Success - The Theory THE THEORY Favourable Depositional Environment Kenya The Tana River delta developed inboard from the Davie Walu Ridge into the Tembo and Maridadi Troughs Restricted Jurassic…
DRILLING SUCCESS Mbawa Gas Discovery and L10A Sunbird Discovery 0 Km 50 Sunbird Starling West Prospect Longclaw-Starling Prospect Pancontinental believes Discovery the Kenyan inboard area is Mombasa oily Miocene Reef L10A…
Kenya Block L6 Hydrocarbon Potential Tana River depocentre Kudu Numerous Prospects and Leads ONSHORE AREA Mamba Variety of play types- clastics and carbonates Boundary Anticline Deep central graben / kitchen- Maridadi Trough 3D…
Kenya L6 Kifaru Prospect Kifaru Prospect Large Size Areal Closure approx 30 sq km Oligo- Miocene Reef Stack Vertical 2,000+ m Kipini Sands second target Follow- Up Oil-mature Eocene source rocks predicted at c. 3,500m Reef swarm…
OFFSHORE NAMIBIA..... www.pancon.com.au 10
Offshore Namibia Factors for Success DEAL FLOW [x]THE THEORY Basin Development THE THEORY [x] Tectonic conjugate of Offshore Brazil Africa Channel sands and turbidites identified on Slope South America and Basin Floor 1 Source…
Offshore Namibia Factors for Success DEAL FLOW [x] THE THEORY [x] RECENT OIL RECOVERY AND THE FUTURE Building on Success Wingat 1 Oil Recovery- March 2013, good thick mature source rocks reported Farmout to Tullow - September…
Namibia EL 0037 Oily Sweet Spot EL 0037 offshore Namibia Natural Oil Seepage Bullseye over Inner Graben in EL 0037 (Data Source : HRT) EL 0037 EL 0037 Wingat 1 Light Oil Recovery 2012 Namibia EL 0037 covers blocks…
Offshore Namibia Concepts 1 Basin Floor Axis (Transition Zone) Slope / Shelf EL 0037 Boundary OIL SYSTEM OIL MATURE Good Oil Prone Source Rocks seen regionally FAIRWAY - Top Transition Oil-mature Fairway Kitchen in Inner Graben…
Offshore Namibia Concepts 2 Model of Slope and Basin-Floor Deposition Sediment input from HYDROCARBON ENVIRONMENT coastal Shelf Area Oil Recovery from Wingat 1 well - May 2013 Numerous large Leads in EL 0037 Basin Floor Fans EL 0037…
Source Rocks - 1 SOURCE DATA Mid Albian to Cenomanian (W3 Gp ) 1911/10-1 & 1911/15-1 Excellent Source Potential Excellent Source potential- W3 gp (Mid Albian to Cenomanian) TOC 0.3% to 2.0% within Gp from approx 3,500 to 3,700m…
Source Rocks - 2 SOURCE DATA Late Cenomanian, Turonian to Santonian (W4 Gp ) 1911/15-1 Excellent Source Potential Excellent Source potential late Cenomanian,Turonian to Santonian (W4 gp ) TOCs max 5 to 10%, very good Type II…
Source Rocks Summary 1. BARREMIAN / APTIAN SOURCE ROCKS - VERIFIED Main regional oil and gas source in southern Namibia. HIs indicate oil prone/mixed quality. 2. MID ALBIAN TO CENOMANIAN Excellent source potential seen offshore…
Representative Seismic Section- 2012/ 13-1 Top Late Oligocene Base Tertiary TERTIARY tTop Santonian tTop Turonian UPPER CRETACEOUS Top Late Albian TURONIAN CENOMANIAN- Base Late APTIAN Top Rift Drift Albian…
Lead Example A-B 1
Lead Example A-B 1 Lower Slope Turbidite Carbonate accumulation A B
Lead Example A-B 2
Lead Example A-B 2 Upper Cretaceous Turbidite Drilled by 2012/ 13-001 Lower Slope Lower Transition Zone Turbidite () Carbonate A B
Lead Example A-B 4 Lower Slope Turbidite Flat Event A B
Lead Example A-B 5 C3
Lead Example A-B 5 Transition Zone Turonian Lower Slope Flexure Transition Turbidite Zone Channel A B
Lead Example D5 Dalia Field Angola Basin-Floor Channel Volcanic Flat Event D
Leads Base Map 2.7 2.85 2.3 G 3.5 A 3.6 B 3.33 1.6 L 2.6 3.01 O 3.7 M O 3.7 3.4 3.9 J 3.7 3.1 3.9 3.9 3.9 M D 3.8 C 3.4 2.8 3.759 K H L 3.1 0.86 3.1 3.694 E 0.708 c4.0 3.8 3.17 F 3.76 0.86 3.1 3.04…
Block EL 0037 Tullow Farm In Tullow Oil Farmed in - Sep 13 Tullow Oil becomes partner and Operator after farmin in September 2013 Tullow is one of the most successful explorers in Africa and globally, opening new oil basins in…
Fan Anomalies are Main Targets Operator Tullow Oil is a leading expert of hydrocarbon systems along the West African margin Tullow has mapped four key Leads for 3D seismic in early 2014- Albatross, Petrel, Gannett and Seagull are…
3D Seismic Survey Albatross Seagull Petrel Gannet Tullow Farmin September 2013 3D Survey of 3,000 completed April 2014 over four key Leads KEY LEAD AREAS Sq Km 2D survey of 1,000km completion imminent Area Lead Pmean 2D…
Depositional Analogue Marlim Oil Field (Brazil) Four key Leads mapped by EL 0037 operator Tullow Oil The Marlim Oil Field in the Campos Basin offshore Brazil has an analogous depositional system Marlim covers an area of 137 sq km…
SUMMARY..... 36
Pancontinental Summary One of the largest African offshore acreage positions of any junior company Track record of working with African governments to secure new acreage introducing high quality major partners for accelerated…
Pancontinental Oil & Gas NL Ground Floor 288 Stirling Street Perth, WA 6000, Australia Tel: +61 (8) 9227 3220 Fax: +61 (8) 9227 3211 www.pancon.com.au 38
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