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Corporate Presentation – New Zealand Energy Corporation

New Zealand Energy Corporation · Jan 10, 2014 · 47 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Corporate Presentation – New Zealand Energy Corporation – slide 1
    TSX-V: NZ OTCQX: NZERF Waihapa Production Station Corporate Presentation January 10, 2014
  2. Corporate Presentation – New Zealand Energy Corporation – slide 2
    Fully Integrated Upstream/Midstream Company Strategic acquisition and private placement complete - Three Petroleum Mining Licenses with immediate production potential - 150% increase to NZECs reserves 1 - Full-cycle production…
  3. Corporate Presentation – New Zealand Energy Corporation – slide 3
    Asset Overview Permit Working Net Acres 2P boe Contingent Prospective Interest Reserves 1 Resource 1 Resource 1 Eltham 100% 93,166 708 M boe - 31.6 MM bbl Alton 65% 38,717 - - 45.0 MM bbl Conventional Manaia 60% 16,456 - - Early…
  4. Corporate Presentation – New Zealand Energy Corporation – slide 4
    Multiple Prospective Conventional Formations in Taranaki Basin Approximate Depth Mt Messenger 2,500 metres Moki 3,000 metres Tikorangi 3,500 metres Kapuni Group Kapuni 4,000 metres 5
  5. Corporate Presentation – New Zealand Energy Corporation – slide 5
    Immediate Value from Near-term Work Program 6
  6. Corporate Presentation – New Zealand Energy Corporation – slide 6
    Planned Work Program Taranaki Basin (Balance of 2013 and 2014) 1 NovemberDecember 2013 Existing Tikorangi Well Reactivations Reactivate oil production from six Tikorangi wells on TWN Licenses Mt. Messenger development Complete…
  7. Corporate Presentation – New Zealand Energy Corporation – slide 7
    Immediate Catalyst Existing Tikorangi Well Reactivations Drill-proven formation 23.6 million bbl historical production from 11 wells since 1992 1 Remaining 2P reserves estimated at 1,852,700 bbl oil, 1.45 Bcf gas, 50,700 bbl NGL (100%…
  8. Corporate Presentation – New Zealand Energy Corporation – slide 8
    Tikorangi Reactivations Forecast Production and Cash Flow Attributable to NZEC 780 bbl/d from Tikorangi Reactivations (exit 2014) C11.09 million additional cash flow from operations (exit 2014) 900 800 Tikorangi - High Volume…
  9. Corporate Presentation – New Zealand Energy Corporation – slide 9
    Mt. Messenger Work Program Two Uphole Completions, Four New Wells in 2013/2014 Drill-proven formation Significant discoveries to the west (TAG: Cheal), south (NZEC: Copper Moki, Waitapu) and east (Kea: Puka) Contingent resources:…
  10. Corporate Presentation – New Zealand Energy Corporation – slide 10
    Mt. Messenger Development Program Forecast Production and Cash Flow Attributable to NZEC 540 bbl/d from Mt. Messenger Development (exit 2014) C6.21 million additional cash flow from operations (exit 2014) 700 Mt. Messenger - Uphole…
  11. Corporate Presentation – New Zealand Energy Corporation – slide 11
    Tikorangi Two New Wells in 2014 1 Drill new wells to access oil reserves 410,300 bbl (100% Basis) 2P Undeveloped Reserves attributed to crestal well 2 - Crestal well planned for 2014 NZEC study indicates higher productivity within…
  12. Corporate Presentation – New Zealand Energy Corporation – slide 12
    New Tikorangi Wells Forecast Production and Cash Flow Attributable to NZEC 490 bbl/d from New Tikorangi Wells (exit 2014) 800 C8.46 million additional cash flow from operations (exit 2014) 700 600 Tikorangi New Wells Daily…
  13. Corporate Presentation – New Zealand Energy Corporation – slide 13
    Kapuni Group High Impact Deep Targets Two Kapuni Wells to be Drilled in 2014 Drill-proven formation Kapuni Gas Field onshore oil/gas discovery (Shell) producing since 1969, estimated ultimate recovery of 1,365 billion cf (Bcf) natural…
  14. Corporate Presentation – New Zealand Energy Corporation – slide 14
    Total Forecast Production and Cash Flow Attributable to NZEC 2,300 BOE/d (exit 2014) 3,000 C26.11 cumulative cash flow from operations (exit 2014) C 30 C 25 2,500 Kapuni New Wells Cumulative cash flows from operations (C…
  15. Corporate Presentation – New Zealand Energy Corporation – slide 15
    Full-cycle Production Station 16
  16. Corporate Presentation – New Zealand Energy Corporation – slide 16
    Waihapa Production Station Assets Full-cycle facility with gathering and sales pipeline infrastructure Oil facility 25,000 bbl/d oil handling facility 7,800 bbl oil storage capacity 49-km 15,500 bbl/d oil sales pipeline from Waihapa…
  17. Corporate Presentation – New Zealand Energy Corporation – slide 17
    Production Facility: Buy vs Build Waihapa Production Station Neighbouring Production Facility 3 Gas processing 45 MMcf/day Gas processing 15 MMcf/day Oil handling 25,000 bbl/day Oil handling 5,000 bbl/day Water handling 18,000 bbl/day…
  18. Corporate Presentation – New Zealand Energy Corporation – slide 18
    Waihapa Midstream Business Plan * Owned by TWN Limited, a 50/50 Limited Partnership of NZEC and L&M Energy. Operated by NZEC Ngaere Limited as the General Partner. Contact paying a monthly fee of C165,000 to NZEC Ngaere Limited to…
  19. Corporate Presentation – New Zealand Energy Corporation – slide 19
    NZECs TWN Management & Operational Experience NZEC Position Years Relevant Years Experience Previous TWN Associated Roles O&G Experience with TWN Assets Mike Oakes, NZ Asset Manager (Origin), Plant Super & 35+ 8 GM Operations…
  20. Corporate Presentation – New Zealand Energy Corporation – slide 20
    Drilling Inventory 21
  21. Corporate Presentation – New Zealand Energy Corporation – slide 21
    De-risking Drilling Inventory RPS Mt. Messenger reservoir study Merged 3D seismic provides better identification of targets New data from Mt. Messenger recompletions and new wells drilled on TWN and Horoi will provide additional…
  22. Corporate Presentation – New Zealand Energy Corporation – slide 22
    New Proprietary Merged 3D Seismic Database Reprocessed datasets Combined five 3D surveys Total area covered (full fold) 552 km2 Pre-stack merge and post-stack time migration complete, pre-stack time migration underway Greater…
  23. Corporate Presentation – New Zealand Energy Corporation – slide 23
    Individual 3D Surveys = Mismatched Data Kapuni 3D Rotokare 3D 1989 2012 24
  24. Corporate Presentation – New Zealand Energy Corporation – slide 24
    Proprietary Merged 3D Datasets Increase Chance of Success Kapuni 3D Rotokare 3D Reprocessed and merged 2013 25
  25. Corporate Presentation – New Zealand Energy Corporation – slide 25
    Inventory of Taranaki Drilling Leads NZECs Copper Moki area converting to long-term mining permit Copper Moki Waitapu Wairere Waipapa site Arakamu Horoi site 26
  26. Corporate Presentation – New Zealand Energy Corporation – slide 26
    Advancing Unconventional Oil Shales 27
  27. Corporate Presentation – New Zealand Energy Corporation – slide 27
    East Coast Basin Oil Shales Over 300 oil and gas seeps sourced back to two oil shale formations: Whangai and Waipawa - Whangai shale package estimated to be 300 600 metres thick - Characteristics similar to Bakken shales…
  28. Corporate Presentation – New Zealand Energy Corporation – slide 28
    East Coast Strategy Results from technical work providing greater insight into unlocking shale potential - Drilled three stratigraphic wells - Acquired 120 km of 2D seismic - Results pending from unconventional test on adjoining…
  29. Corporate Presentation – New Zealand Energy Corporation – slide 29
    Corporate Profile Common shares outstanding at September 2013 122.0 million Shares issued in Private Placement 48.9 million Options outstanding at September 2013 (Exercisable at average 1.35) 9.6 million Warrants issued in Private…
  30. Corporate Presentation – New Zealand Energy Corporation – slide 30
    Value Drivers Next 18 Months Value increase from Acquisition - Immediately booked 150% net increase in 2P reserves 1 - Reactivated oil production from six existing Tikorangi wells optimizing oil production - Recompleting existing…
  31. Corporate Presentation – New Zealand Energy Corporation – slide 31
    Appendix 32 32
  32. Corporate Presentation – New Zealand Energy Corporation – slide 32
    NZEC Production / Exploration Wells Drilling / Production Report Card Well Permit Target Total Notes Total Oil Prod Name Name Formation Depth (net, end Dec 2013) Copper Moki-1 Eltham Mt. M 2,220 m Producing since December 2011…
  33. Corporate Presentation – New Zealand Energy Corporation – slide 33
    Strategic Acquisition in Main Production Fairway 1 TWN Licenses bring: Significant oil and gas reserves and resources 2 - 2.14 million boe 2P reserves - 1.16 million boe contingent resources - 23.41 million boe prospective…
  34. Corporate Presentation – New Zealand Energy Corporation – slide 34
    TWN Reserve Estimate (NZECs 50% Interest) 1 Reserve Category Light & Natural Natural Gas Barrels of Oil NPV, Before Medium Oil Gas Liquids Equivalent Tax (10%) (Mbbl) (MMcf) (Mbbl) (Mboe) Proved Developed (Non-producing) 491.85 381.00…
  35. Corporate Presentation – New Zealand Energy Corporation – slide 35
    Eltham Reserve Estimate (NZEC 100%) 1 Marketable Oil and Gas Reserves As at December 31, 2012 Forecast Prices and Costs Light & Medium Natural Gas Natural Gas Barrels Oil NPV, Before Tax Reserves Category Oil (Mbbl) (MMcf) Liquids…
  36. Corporate Presentation – New Zealand Energy Corporation – slide 36
    TWN Resource Estimate (NZECs 50% Interest) 1 Formation Product Type Low Best High Contingent Resources Miocene Sands (Mt. Messenger) Oil (Mbbl) 17 44 101 Gas (MMcf sales) 1,257 2,518 5,168 Eocene Sands (Kapuni Group) NGL (Mbbl) 51 117…
  37. Corporate Presentation – New Zealand Energy Corporation – slide 37
    Taranaki and East Coast Resource Estimates Net Permit Net Permit Net Unrisked Undiscovered Petroleum Net Unrisked Prospective Recoverable (MM barrels of oil) (MM barrels of oil) Area Acreage Low Best High Low Best High TARANAKI BASIN…
  38. Corporate Presentation – New Zealand Energy Corporation – slide 38
    Historical Production Tikorangi Formation 23.6 million bbl of historical production 1 Well name 1 Max bbl/d Total bbl produced Ngaere-1 7,537 4,337,084 Ngaere-2 3,658 1,002,565 Ngaere-3 8,652 1,089,505 Toko-2B 298 126,286…
  39. Corporate Presentation – New Zealand Energy Corporation – slide 39
    Oil in Tikorangi Formation 23.6 million bbl produced to date Numerous independent estimates of original oil in place (OOIP) ranging from 25 mmbbl (P90) to 100 mmbbl (P10) 1 Fractured limestone oil recoveries can be as high as 65% of…
  40. Corporate Presentation – New Zealand Energy Corporation – slide 40
    Assumptions in NZECs Mid-case Financial Model (as at July 31, 2013) Development program includes the following: Other Assumptions Six Tikorangi reactivations - wells placed on gas lift, subsequently on high volume lift Oil sales price/bbl…
  41. Corporate Presentation – New Zealand Energy Corporation – slide 41
    Board of Directors Name Expertise Experience John A. Greig, Founder and financier of numerous mining Founder, Director & Officer Sutton Resources, Cumberland M.Sc, P.Geo and oil and gas companies. Specializing in Resources Ltd.,…
  42. Corporate Presentation – New Zealand Energy Corporation – slide 42
    Corporate Office Canada Name Expertise Experience Proven track record of building companies from grass Chairman, Director & CEO, Southern Arc Minerals Inc. John G. Proust, C.Dir roots to advanced development. Specializes in Chairman,…
  43. Corporate Presentation – New Zealand Energy Corporation – slide 43
    Operations Team New Zealand Name Expertise Experience Chartered Accountant and Chartered Corporate Secretary with more Commercial and Finance Manager, Origin Energy Derek Gardiner than 25 years of experience in the New Zealand oil…
  44. Corporate Presentation – New Zealand Energy Corporation – slide 44
    Technical Team New Zealand Name Qualifications Expertise B.Sc (Hons), M.Phil, Dr. Ian Brown Professional geological engineer, government and community relations D.Eng, MIPENZ, C.P.Eng B.Sc, June Cahill Acquisition, management, and…
  45. Corporate Presentation – New Zealand Energy Corporation – slide 45
    L&M Energy and Geoff Loudon Mr. Loudon is a New Zealand based international investor with family roots going back to the Hokitika, NZ gold fields in 1875. He was the former Chairman of L&M Energy (ASX, NZX), which he privatized in…
  46. Corporate Presentation – New Zealand Energy Corporation – slide 46
    Analyst Coverage Company Analyst Contact Canaccord Genuity Christopher Brown 403-508-3858 Credit Suisse David Phung 403-476-6023 Dundee Capital Markets David Dudlyke 44-203-440-6870 Haywood Securities Alan Knowles 403-509-1931 Mackie…
  47. Corporate Presentation – New Zealand Energy Corporation – slide 47
    Contact NZEC Corporate Head Office John Proust, Chief Executive Officer Bruce McIntyre, Director, GM Exploration Rhylin Bailie, VP Investor Relations North America Toll-free: 1-855-630-8997 infonewzealandenergy.com…

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