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AGM Presentation – Petsec Energy Ltd.

Petsec Energy Ltd. · May 22, 2014 · 45 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. AGM Presentation – Petsec Energy Ltd. – slide 1
    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…
  2. AGM Presentation – Petsec Energy Ltd. – slide 2
    For personal use only Petsec Energy Ltd Annual General Meeting 2014
  3. AGM Presentation – Petsec Energy Ltd. – slide 3
    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…
  4. AGM Presentation – Petsec Energy Ltd. – slide 4
    Petsec Energy Ltd Annual General Meeting 2014 For personal use only Petsec Energy Corporate Profile
  5. AGM Presentation – Petsec Energy Ltd. – slide 5
    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…
  6. AGM Presentation – Petsec Energy Ltd. – slide 6
    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…
  7. AGM Presentation – Petsec Energy Ltd. – slide 7
    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…
  8. AGM Presentation – Petsec Energy Ltd. – slide 8
    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…
  9. AGM Presentation – Petsec Energy Ltd. – slide 9
    Petsec Energy Ltd Annual General Meeting 2014 For personal use only Petsec Energy Oil & Gas Assets
  10. AGM Presentation – Petsec Energy Ltd. – slide 10
    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…
  11. AGM Presentation – Petsec Energy Ltd. – slide 11
    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…
  12. AGM Presentation – Petsec Energy Ltd. – slide 12
    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.…
  13. AGM Presentation – Petsec Energy Ltd. – slide 13
    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…
  14. AGM Presentation – Petsec Energy Ltd. – slide 14
    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…
  15. AGM Presentation – Petsec Energy Ltd. – slide 15
    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 -…
  16. AGM Presentation – Petsec Energy Ltd. – slide 16
    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.…
  17. AGM Presentation – Petsec Energy Ltd. – slide 17
    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%…
  18. AGM Presentation – Petsec Energy Ltd. – slide 18
    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%…
  19. AGM Presentation – Petsec Energy Ltd. – slide 19
    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…
  20. AGM Presentation – Petsec Energy Ltd. – slide 20
    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.…
  21. AGM Presentation – Petsec Energy Ltd. – slide 21
    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…
  22. AGM Presentation – Petsec Energy Ltd. – slide 22
    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…
  23. AGM Presentation – Petsec Energy Ltd. – slide 23
    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…
  24. AGM Presentation – Petsec Energy Ltd. – slide 24
    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…
  25. AGM Presentation – Petsec Energy Ltd. – slide 25
    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…
  26. AGM Presentation – Petsec Energy Ltd. – slide 26
    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…
  27. AGM Presentation – Petsec Energy Ltd. – slide 27
    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…
  28. AGM Presentation – Petsec Energy Ltd. – slide 28
    Petsec Energy Ltd Annual General Meeting 2014 For personal use only 2013 Key Achievements
  29. AGM Presentation – Petsec Energy Ltd. – slide 29
    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…
  30. AGM Presentation – Petsec Energy Ltd. – slide 30
    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…
  31. AGM Presentation – Petsec Energy Ltd. – slide 31
    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…
  32. AGM Presentation – Petsec Energy Ltd. – slide 32
    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…
  33. AGM Presentation – Petsec Energy Ltd. – slide 33
    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…
  34. AGM Presentation – Petsec Energy Ltd. – slide 34
    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…
  35. AGM Presentation – Petsec Energy Ltd. – slide 35
    Petsec Energy Ltd Annual General Meeting 2014 For personal use only Reassessing Our Strategy for Growth
  36. AGM Presentation – Petsec Energy Ltd. – slide 36
    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…
  37. AGM Presentation – Petsec Energy Ltd. – slide 37
    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…
  38. AGM Presentation – Petsec Energy Ltd. – slide 38
    Petsec Energy Ltd Annual General Meeting 2014 For personal use only 2014 Exploration and Development
  39. AGM Presentation – Petsec Energy Ltd. – slide 39
    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…
  40. AGM Presentation – Petsec Energy Ltd. – slide 40
    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…
  41. AGM Presentation – Petsec Energy Ltd. – slide 41
    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:…
  42. AGM Presentation – Petsec Energy Ltd. – slide 42
    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
  43. AGM Presentation – Petsec Energy Ltd. – slide 43
    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…
  44. AGM Presentation – Petsec Energy Ltd. – slide 44
    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…
  45. AGM Presentation – Petsec Energy Ltd. – slide 45
    For personal use only Petsec Energy Ltd Annual General Meeting 2014

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