PETSEC ENERGY LTD ACN 000 602 700 A 22 May 2014 N For personal use only N Petsec Energy Ltd 2014 AGM Presentation O Petsec Energy Ltd (ASX: PSA / OTC ADR: PSJEY) U Attached is a copy of the presentation to be delivered today…
For personal use only Petsec Energy Ltd Annual General Meeting 2014
Petsec Energy Ltd Annual General Meeting 2014 Contents For personal use only Petsec Energy Corporate Profile o Operations o Capital Structure o Board / Management Petsec Energy Oil & Gas Assets o USA Conventional: Production…
Petsec Energy Ltd Annual General Meeting 2014 For personal use only Petsec Energy Corporate Profile
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Corporate Profile For personal use only Petsec Energy is an independent oil and gas exploration and production company listed on the Australian Stock Exchange with…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Corporate Profile For personal use only Capital Structure at 19 May 2014 Capital Structure Market Listing ASX: PSA / OTC ADR: PSJEY Shares / Options on issue 231.2…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Corporate Profile Board of Directors For personal use only Strengthening the Board of Directors Appointed two U.S. based non-executive directors to the Board in May…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Corporate Profile U.S. Management Team For personal use only Strengthening the North American Business The Company sought and added a local experienced and successful…
Petsec Energy Ltd Annual General Meeting 2014 For personal use only Petsec Energy Oil & Gas Assets
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets For personal use only Conventional: USA : Gulf of Mexico and Gulf Coast, Louisiana Four producing oil and gas fields and 2P reserves of 7.2 Bcfe as…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets Production For personal use only Conventional: USA : Gulf of Mexico and Gulf Coast, Louisiana Main Pass 270 Main Pass 18/19 Chandeleur 31/32…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets: Production For personal use only Marathon Gas/Condensate Field Atchafalaya Bay, Louisiana 8 ft. water depth Petsec share: 8% W.I. / 5.84% N.R.I.…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets: Production For personal use only Main Pass Block 270 Gulf of Mexico, USA 215 ft. water depth Petsec share: 22.5% W.I. / 18.75% N.R.I. Discovered…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets: Production For personal use only Jeanerette Field Adeline Sugar Factory (ASF) No. 4 Discovery Well May 2014 Petsec share: 12.5% W.I. / 9% N.R.I…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets: Exploration For personal use only Prospect Inventory USA: Prospect mapped gross target sizes: 20 200 Bcfe 8 identified prospects Onshore -…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets: Exploration For personal use only Conventional Farm-in Opportunity USA: Onshore Louisiana English Bayou Deep Prospect Petsec share: 25% W.I.…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets Exploration For personal use only Gulf of Mexico, USA Internally Generated Exploration Prospects Hummer Prospect Main Pass 270 Petsec share: 22.5%…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets Exploration For personal use only Gulf of Mexico, USA Internally Generated Exploration Prospects Gazelle Prospect Main Pass 132 Petsec share: 75%…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets Exploration For personal use only Gulf of Mexico, USA Internally Generated Exploration Prospects Bonanza Prospects Breton Sound Blocks 39 & 42…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets Exploration For personal use only Gulf of Mexico, USA Internally Generated Exploration Prospects Ship Shoal Block 74 Petsec share: 75% W.I.…
Petsec Energy Ltd Annual General Meeting 2014 Unconventional: Shale Oil Exploration For personal use only North American Shale Plays Areas Studied by Petsec Western Canada Sedimentary Basin San Joaquin Basin…
Petsec Energy Ltd Annual General Meeting 2014 Unconventional: Shale Oil Exploration For personal use only Western Canada Sedimentary Basin Alberta, Canada Strategy early mover in a new shale play in JV with a recognised expert…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets For personal use only Republic of Yemen: Block 7 (Al Barqa) Onshore In addition to strengthening our North American business, the Company has sought…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets For personal use only Republic of Yemen: Block 7 (Al Barqa) Onshore On completion of transaction the Participating Interests (P.I.) in Block 7 will…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets For personal use only Republic of Yemen: Block 7 (Al Barqa) Onshore 1 Source: Oil Search Limited Block 7 includes the Al Meashar Oil…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets For personal use only Republic of Yemen: Block 7 (Al Barqa), Al Meashar Oilfield Development In 2010 the Al Meashar-1 and 2 wells successfully…
Petsec Energy Ltd Annual General Meeting 2014 Petsec Energy Oil and Gas Assets For personal use only Republic of Yemen: Block 7 (Al Barqa) Prospectivity To date 8 seismically (3D and 2D) defined prospects and leads have been…
Petsec Energy Ltd Annual General Meeting 2014 For personal use only 2013 Key Achievements
Petsec Energy Ltd Annual General Meeting 2014 U.S. Natural Gas Price / Natural Gas in Storage For personal use only 2008 Current Henry Hub Gas Price / WTI Oil Price Declining gas price 2008-2012: US8/Mcf in 2008 to low of…
Petsec Energy Ltd Annual General Meeting 2014 2013 Key Achievements For personal use only 2013 Exploration & Development Programme Scorecard Conventional Drill 5th Marathon well Spud May 2013 & brought into production Sep…
Petsec Energy Ltd Annual General Meeting 2014 2013 Key Achievements For personal use only Corporate Appointments to strengthen the Board and North American business o Appointed two U.S. based non-executive directors to the…
Petsec Energy Ltd Annual General Meeting 2014 2013 Key Achievements For personal use only Operations 2013 Net Production o 3.6 Bcfe, up 49% o Average daily net production: 10 MMcfepd Marathon Field o Completed drilling and…
Petsec Energy Ltd Annual General Meeting 2014 2013 Key Achievements For personal use only Financials Cash at 31/12/13: US25.4 million No Debt Net 2P Oil & Gas Reserves as of 1/1/14: 7.2 Bcfe; PV10 US16.5 million Net…
Petsec Energy Ltd Annual General Meeting 2014 2013 Financials For personal use only Key Factors Impacting Results Positives Higher production: 3.6 Bcfe, up 24% on forecast, up 49% on 2012 o Marathon field additional 2 wells…
Petsec Energy Ltd Annual General Meeting 2014 For personal use only Reassessing Our Strategy for Growth
Petsec Energy Ltd Annual General Meeting 2014 Reassessing our Strategy for Growth For personal use only 2011 2013 Business Plan Implemented in response to the: o Substantial reduction in U.S. natural gas prices: US8/Mcf to…
Petsec Energy Ltd Annual General Meeting 2014 Reassessing our Strategy for Growth For personal use only Change in strategy mid 2013: Back to what we know and do best conventional exploration Change in Strategy Suspension of…
Petsec Energy Ltd Annual General Meeting 2014 For personal use only 2014 Exploration and Development
Petsec Energy Ltd Annual General Meeting 2014 2014 Exploration and Development For personal use only Strategy USA Conventional exploration USA Focus on Gulf Coast onshore and shallow Gulf of Mexico high impact target…
Petsec Energy Ltd Annual General Meeting 2014 2014 Exploration and Development For personal use only USA Exploration o ASF No. 4 onshore gas/condensate discovery well May 2014 o English Bayou Deep prospect high potential…
Petsec Energy Ltd Annual General Meeting 2014 2014 Exploration and Development For personal use only Republic of Yemen: Block 7 (Al Barqa) Airborne Gravity/Magnetics Principle flight line spacing: 1000 m Flight line direction:…
Petsec Energy Ltd Annual General Meeting 2014 2014 Exploration and Development For personal use only Republic of Yemen: Block 7 (Al Barqa) 2D Seismic Programme 250 km 1 Source: Oil Search Limited
Petsec Energy Ltd Annual General Meeting 2014 2014 Exploration and Development For personal use only Republic of Yemen: Block 7 (Al Barqa), Al Meashar oilfield Development In 2010 the Al Meashar-1 and 2 wells successfully…
Petsec Energy Ltd Annual General Meeting 2014 Glossary of Certain Industry Terms For personal use only 1P Proved Reserves 2P Proved and Probable Reserves Bcfe Billion cubic feet of gas equivalent (conversion ratio: 1 barrel of…
For personal use only Petsec Energy Ltd Annual General Meeting 2014
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