Challenger Energy Ltd Investor Presentation July 2013 1
Agenda Company Overview Cranemere Project South Africa context Summary & Conclusions 3
Company Overview Presently focused on world class shale play in the Karoo Basin, South Africa Discovered gas Potentially transformational to the SA economy, highly motivated government A company making opportunity - Challenger the…
Financial Overview Home Prices, Research & Announcements Charting Detailed search - prices, announcements and charts CEL, CHALLENGER ENERGY ORD %&'()%&'%*+,-)%&./01&2345& The chart of daily prices over 6 months for security CEL…
Board & Management Team Chairman Managing Director Adviser Technical Director Country Manager Michael Fry Robert Willes Bill Bloking Paul Bilston Peter Price Qualifications B.Com (UWA), F.Fin BA (Hons), MAICD BSc Mech Eng (Summa…
World Scale Opportunity Proven Gas to Surface Permit of 800,000 acres centred on only well within the basin to flow significant gas to surface (Cranemere) CEL first mover - Shell and Falcon/Chevron pursuing adjacent acreage Basin…
Investment Case 20000 18,489 / acre Korea National Oil / Anadarko US Mar 11 18000 Marathon / Hilcorp Resources US Jun 11 Mitsui / SM Energy (US) Jun 12 Osaka Gas / Cabot Oil (US) Jun 12 16000 Recent transactions demonstrate…
Building the Company 1 Growth Platform Cranmere World class exploration asset with high WI Re-rating anticipated on permit award Advanced farm-in discussions BEE partners in place Future Legacy Asset - leverage high value position…
Agenda Company Overview Cranemere Project South Africa context Summary & Conclusions 10
Prime Acreage Position Substantial foothold in some of best acreage, adjacent to Falcon/ Chevron permit area The application area contains the only well to flow substantial gas to surface (unstimulated, vertical well) Easier…
Discovered Gas Cranemere 1 23 24 25 26 23.5 24.5 25.5 26.5 Jura ssic Stormberg Group Merriman NOOPOORT Cranemere SP Section Through Offsetting Wells 500 Carboniferous Triassic…
Geological Setting Cr 1/68 Vr 1/66 SC 3/67 Cape Fold Belt S tormberg s Beaufort eas ure lM Coa Middle Pretoria Ecca S Ecca Shales Mmabatho ands Cape te Bloemfontein Durban Supergroup l li Ti Sketch Section…
Cranemere 1/68 Discovery Well The well entered a gas zone at approximately 8150 ft MDRT which threatened to blow out, it was controlled by closing BOP Zone interpreted as fractured Ecca Group shales DST 3B over the interval 8154…
Permit Summary Applicant Bundu Gas and Oil Exploration (Pty) Ltd 90% owned and controlled entity of Challenger Energy Ltd. (CEL), 10% BEE partners Area 1 million acres (4300 km2) applied for, expecting award 800,000 acres to allow…
Timeline & Status Regulatory Shell Technical Falcon Technical Shell application Moratorium Moratorium Framework Co-operation Co-operation for Exploration Introduced Lifted anticipated Permit granted Permit granted Rights Submitted…
Agenda Company Overview Cranemere Project South Africa context Summary & Conclusions 17
South Africa Economy under Pressure Largest economy in Africa; high levels of unemployment and inequality are the key economic problems facing the country. Official unemployment 25%, unofficial estimates 40%, youth unemployment 53%.…
series are plotted together in the chart below. and trains running on compressed natural gas, which could displace displace some of the demand for coal-coal based Although the two price indices do diverge from each other for short…
Growing International Upstream - Offshore Blocks Interest 20 Key points Increasing Offshore activity with significant global interest Recent events There is in SA increasing investor interest and offshore acreage. activity…
Shale Gas in South Africa Shale gas impact on US energy security and the economy widely acknowledged; decreasing reliance on imports, revitalizing existing and creating new industries, stimulating growth, increasing employment and…
Shale Gas: Core to the National Debate %&'(%)&*'+,-.+/+,0'1 %&'()*…
Agenda Company Overview Cranemere Project South Africa context Summary & Conclusions 23
Challenger has a Bright Future 1 Unique small cap access to a proven gas to surface shale play in a global Top Ten basin Company making base asset EIA inferred GIP 32tcf, 7 tcf risked recoverable with in Cranemere upside for Fort…
Contact Robert Willes MD Challenger Energy Limited Mobile: +61 410 479 032 Email: robert.willeschallengerenergy.com.au Web: www.challengerenergy.com.au 25
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