Neon Energy Limited An Emerging Explorer & Producer February 2013 NEON Energy Ltd. is an ASX Listed (NEN) oil and gas exploration and production company focused in selected countries in Southeast Asia and the US. Our primary…
Investment Rationale Leveraging Californian production to fund blue sky exploration in Southeast Asia Competitive advantage via: Unique geoscience data library covering Southeast Asia Proprietary 5000 man hour study in…
Building an Attractive Balanced Portfolio Southeast Asia Blue Sky exploration Vietnam 120 Moderate risk for high reward Southeast Asia Vietnam 105 Net NPVs US200MM to 1000MM+ New Ventures Focus California Indonesia Low risk…
Strategy Southeast Asia portfolio growth, favouring grass roots asset entry and high initial participating interests Mitigate risk and add value via efficient use of technology Farmout where appropriate to minimise capital…
Vietnam: Successful Strategy Case Study 2009 2010 2011 2012 2013 Signed Block 105 PSC Signed Farmout to Farmout to Eni Drill two full Block 120 KrisEnergy: funds drilling carried high- PSC Funds 2D commitments impact…
Board and Management Alan Stein Non Executive Chairman John Lander Ken Charsinsky Non Executive Vacant Managing Director Director Chief Financial Commercial Commercial Manager Manager G&G G&G Manager CFO US Country…
Capital Structure Market Cap 25 cents 138 million Shares on issue 550 million Options on issue 8.5 million Top 40 holding 48.2% Board & Management 5% Institutions 30% Cash position (MM) 28.3 No Debt Slide 8
Market Coverage Slide 9
Vietnam: High Impact Exploration Material exposure to significant upside Carried through 3D seismic & 2 exploration wells by Eni Large, underexplored blocks located within proven petroleum systems Block 105 gas prospects adjacent…
Vietnam Block 120 (Neon 25%) SW NE Large underexplored area: 8,469 km2 Mul1-level inverted an1cline. Oil prospects in very large structural Bright amplitudes conformable to closures the structure at mul1ple levels Proven…
Vietnam Block 105 (Neon 25%) SW NE Large undrilled, shallow water block: 7,192 km2 Proven petroleum system Multi-Tcf Chinese gas fields immediately to east Vietgazprom discoveries to southeast Cua Lo prospect exhibits AVO…
Farmout to Eni: Delivering on Strategy Corporate Strategy: To expose shareholders to large upside high quality opportunities with minimal capital dilution Endorsement by a highly successful Supermajor Eni are the ninth largest oil…
Vietnam: High Impact Exploration Vietnam Prospect Sizes Relative to Significant Global Discoveries of 2011 1 2 3 10 4 5 6 2 4 5 7 7 6 8 9 3 1 8 9 10 Neon 2013 Prospect Million Barrels of Oil Equivalent Best…
Indonesia: Exploring Margins of Prolific Basin 4,200km2 block located offshore Kalimantan, Papadayan in prolific Kutei Basin N. Papandayan Gas Discovery Lead Neon working interest 42% Gas discoveries on block Shallow and…
California: Niche Play for a Niche Player Mature industry well over 100 years old currently Huge unconventional potential produces ca. 630,000 bopd Monterey Formation estimated to contain more Much of the development completed…
California Production: North San Ardo Field Company cashflow generated by 100% owned North San Ardo oil field Heavy oil sold at premium to WTI Approx. 300 BOPD covers Neon operating overheads Reversing natural production decline…
Paloma Deep Discovery PD-1 & PD-2 well tests confirmed producible light oil and gas from unconventional reservoirs of the Monterey Formation Monterey estimated to host 15.4 billion barrels of technically recoverable, tight oil*…
Glau Nearfield Exploration Regional work indicates North San Ardo trend continues north in to Pancho Rico Glau lease Neon 100% Neon secured lease in late 2012 Seismic acquisition programme in progress Glau Neon 100% McCool…
Paris Valley Re-Development Project Produced in 1970s by Husky Oil but shut in due to low prevailing oil price Northern Central Paris Paris Valley Valley Husky development pumped at what would be commercial rates today (after…
Multiple Plays in California Production at North San Ardo Discovery at Paloma Deep Redevelopment at Paris Valley oil field Exploration at Glau, Taft & Edison projects Slide 21
Key Future Activity 1Q 2013 2Q 2013 3Q 2013 4Q 2013 North San Ardo Facility Upgrades Enhaced Recovery Operations Salinas Basin Exploration Glau Seismic Programme Glau Drilling East of NSA Drilling Paloma Resource Certification…
Substantial Resource Base Reserves Contingent Resources Prospective Resources Low Best High 1P 2P Low (1C) Mid (2C) High (3C) Estimate Estimate Estimate North San Ardo 3.5 Central Paris Valley 1.8 9.1 Paloma 11.3 29.6 54.3…
A Unique Investment Opportunity Diverse and Balanced Portfolio Exposure to high impact exploration in Southeast Asia Unconventional plays in California Competitive advantage in Southeast Asia and California Scale: Multiple needle…
Ground Floor, 88 Colin Street, West Perth, W.A. Australia 6005 Tel : +61 8 9481 1176 Fax : +61 8 9481 7720 www.neonenergy.com Contacts Ken Charsinsky - CEO Ben Newton - CFO
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