CBM Asia Development Corp Indonesian Coalbed Methane 15 Tcf Net Targeted 1 Tcf Net Resource Audited 2013 Production Focus ExxonMobil Barito JV Low Exploration Costs Large Land Position Strong Gas Prices Good Fiscal…
CBM ASIA CBM Asia Executive Summary DEVELOPMENTCORP 2013 Focus: Production and First Revenue Sole Focus on Indonesia. Worlds best untapped CBM resource (453 Tcf)1, good geology, strong prices & demand, and commercial CBM-to LNG…
CBM ASIA Indonesian CBM Industry & CBM Asia DEVELOPMENTCORP Progress To date and Outlook for 2013-2015 CBM Industry Development 2007. Indonesia 2009. First CBM core Total 54 CBM PSCs 4 CBM production 2014-2015 announces CBM contract…
CBM ASIA Indonesian CBM DEVELOPMENTCORP Activity Ramping Up BP, partner in VICO, is a major CBM producer (San Juan Basin, USA) 2011 - VICO reported producing 1.3 million ft3/day of CBM in East Kalimantan 2011 - Exported to Japan…
CBM ASIA CBM Asia Strategy DEVELOPMENTCORP Material Positions in Key Basins - Partner With Majors Strategy Targeted Basins Prove concept: Sekayu (gas-to-surface), Kutai-West 1. Central Sumatra: 53 Tcf1 GIP -pipelines and Duri steam…
CBM ASIA CBM Asia 2013 Work Program DEVELOPMENTCORP Production and Revenues KUTAI WEST PSC CBM-KW-01: dewatering well to test completion techniques 2013 WORK PROGRAM HIGHLIGHTS Exploration Well: drill in the Western section of the…
CBM ASIA CBM Asia Snapshot DEVELOPMENTCORP Share Information, Financial and Operational SHARE INFORMATION (as of 2 May 2013) Share Price: CAD0.16 Market Cap: CAD26.9 mn 52 wk high / low CAD0.24 / CAD0.12 SHARE CAPITAL (as of 30…
CBM ASIA CBM Asia Board and Senior Management Team DEVELOPMENTCORP Highly Technical With Indonesian Experience Scott H. Stevens, Chairman: SVP and Director of Advanced Alan Charuk, President & CEO, Director: over 20 years of…
CBM ASIA CBM Asia Operations Team DEVELOPMENTCORP 12 Professionals Supported By Advanced Resources International CBM Asias operations office is located in south Jakarta and currently employees 12 operations staff members in the…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Indonesian CBM Development Likely to Mirror Australia & USA USA China Australia Indonesia CBM Gas In Place 500 Tcf 500 Tcf 500 Tcf 453 Tcf Excellent: Challenging: Excellent:…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Low Geological Risk: Abundant Conventional and Coal Control Data Depth Mud Gas Units Unknown (Feet) 0 100 200 300 400 Sekayu PSC: 8 conventional wells inside and 6 outside 0 Fm 1…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Low Capital At Risk: USD7.5-10.0 mn per PSC to Plan of Development8 LOW CAPEX EXPLORATION PHASE HIGH CAPEX 100% Acquisition Exploration Phase DIVESTITURE USD2.5-3.0 mn Four slim wells &…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Value Potential: 1.0 Tcf NPV10 Model = USD400-700 mn 1.0 Tcf Recoverable CBM Project Value Sensitivity (NPV10) Model Assumptions 1,000 1.20 USDmn USD/Mcf Indonesia CBM PSC terms dictate…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Natural Gas: Strong Price Structure & Underutilized Infrastructure North Asia LNG Bontang LNG Exports Capacity: 22.3 MMtpa USD15/Mcf Linked to Singapore Market oil price Chevron Duri…
CBM ASIA CBM Asia Assets DEVELOPMENTCORP Current Portfolio: 9 PSCs & 1 Joint Study -------------------- Sumatra ---------------------- ------------------------------------------------------------------- Kalimantan…
CBM ASIA CBM Asia Assets DEVELOPMENTCORP Evaluation: 3 Joint Studies Applications & 6 Options Sumatra ----------------------------------------------------------- Kalimantan…
CBM ASIA CBM Asia Assets DEVELOPMENTCORP Exploration & Development Time Line NOTE: schedule may change due to regulatory, equipment, technical and capital developments Prospective to Contingent 1P, 2P & Contingent Resource 3P…
CBM ASIA CBM Asia ExxonMobil Farm-in Joint Venture DEVELOPMENTCORP Deal Structure and Coal Characteristics JOINT VENTURE STRUCTURE THICK GAS CHARGED COALS AT OPTIMAL DEPTH Barito Basin Farm into four PSCs: Banjar I, Banjar II,…
CBM ASIA Barito Basin, South Kalimantan DEVELOPMENTCORP 102 Tcf1 of GIP, Largest CBM Exploration Play Worldwide BARITO BASIN KUALA KAPUAS I PSC Gross Area 1,501 km2 1a Geological Derisk: Extensive seismic 80% WI, Operator…
CBM ASIA Barito Basin Control Data DEVELOPMENTCORP Seismic and Conventional Wells & CBM Wells Barito Coal Mine Mining Equipment Well Log Barito Basin Coal Seam Data* Avg Single Seam Thickness = 23 ft Avg Net Coal / Well =…
CBM ASIA Barito Basin Warukin Coal DEVELOPMENTCORP Sweet Spot Thick Coals at Right Depth Warukin Coal Seam - Thickness Warukin Coal Seam - Depth Optimum Coal Thickness Depth Range
CBM ASIA Barito Basin Commercialization DEVELOPMENTCORP Options at Different Development Stages PILOT FULL DEVELOPMENT Pilot Gas to Power: sponsored by Migas (MEMR Decree Brownfield LNG: current capacity and/or new dedicated…
CBM ASIA Central Sumatra: Hulu PSC & Two Joint Studies DEVELOPMENTCORP 53 Tcf1 Of OGIP, High Price Market at Duri Steam Flood CENTRAL SUMATRA USD11/Mcf Geological Derisk: Significant seismic coverage over sweet spots…
CBM ASIA Kutai Basin: Kutai West, Besar & EM JV Options DEVELOPMENTCORP Adjacent to BPs Sanga-Sanga PSC and Bontang LNG KUTAI BASIN Geological Derisk: Significant seismic coverage, conventional wells, CBM exploration and…
CBM ASIA South Sumatra Basin: Sekayu PSC DEVELOPMENTCORP 2 Wells Flow Gas - Dewatering Test Show Excellent Results SOUTH SUMATRA BASIN SEKAYU PSC CBM-SE-02 Dewater Geological Derisk: significant seismic Gross Area: 580 km2 Test…
CBM ASIA CBM Asia DEVELOPMENTCORP Expected Event Time Line Kutai West & Sekayu: Financing: possible production pilot close drilling and commercial Market Kutai West: production private dewater and placement exploration…
CBM ASIA CBM Asia DEVELOPMENTCORP Conclusion Sole Focus on Indonesia. Worlds best untapped CBM resource (453 Tcf) 1 . 2013 Target Production and Revenue. 5-well production pilot planned for 2nd half 2013. ExxonMobil Joint…
CBM ASIA CBM Asia DEVELOPMENTCORP Corporate Information and Corporate Governance Listings: Canada: TSX Venture Exchange symbol TCF Corporate Governance Policies Germany: Frankfurt Stock Exchange symbol IY2 USA: OTC CBMDF 1. Code of…
CBM ASIA DEVELOPMENTCORP CBM Asia Development Corp. Appendix 29
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Indonesia CBM is Geologically Superior to China CBM China Indonesia Coal Seam Thickness 20-50 feet 100-400 feet Complex: numerous faults, steep dips, Simple: few faults, flat…
CBM ASIA CBM Monetization Opportunities DEVELOPMENTCORP Power, Pipeline, CBM to Small & Large Scale LNG CBM to Pipeline Indonesia has an extensive gas transmission infrastructure through Sumatra to Java and to Singapore, which is…
CBM ASIA CBM Asia Shale Option DEVELOPMENTCORP Strategy Farm-Out Rights to Earn Carried Interest Indonesian Shale Indonesia recently awarded its first shale joint study areas. Central Sumatra is Indonesias best shale…
CBM ASIA Indonesian CBM PSC Terms DEVELOPMENTCORP Fiscal Flow = 40-45% After Tax; Best Terms In Country Revenue Flow * Royalty split with Indonesia GROSS PRODUCTION Contractor government in some PSCs. Revenue FTP 5-10% FTP…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Sekayu & Kutai West Results Superior to USA Analog Depth Mud Gas Units Unknown (Feet) 0 100 200 300 400 0 South Sumatra geology compares favorably with the Powder Fm 1 500…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Inexpensive: Shallow Wells and Available Control Data Low Drilling Costs: current drilling costs run at approximately USD1.0 mn per well based on the use of 500-750 HP rigs. Drilling costs…
CBM ASIA Why Indonesian CBM DEVELOPMENTCORP Natural Gas: Conventional Production & Reserves: Declining 1,400 N. & C. Sumatra North & Central Sumatra Kutai /Makassar 2P Reserves 4,000 Kutai 1,200 2P Reserves 2P Recoverable: 39.5 Tcf…
CBM ASIA Indonesian Natural Gas DEVELOPMENTCORP Strong Domestic and Export Demand Trends 2010 & 2011 gas production fell - likely decline in 2012 Review of over 374 gas fields forecast slight decline in production through to 2020…
CBM ASIA Indonesian Natural Gas DEVELOPMENTCORP Market Prices Legacy Contract Prices Adjusted Continued economic growth: Sets New Floor at USD5.50-6.00/MMbtu 1) support higher prices 2) increase demand ----- Price USD/MMbtu…
CBM ASIA Indonesian CBM DEVELOPMENTCORP Value Potential: Australia Transaction Comparison Queensland Indonesia Australias coalbed methane industry has consolidated in recent years. These transactions Gas Price (USD/Mcf) provide an…
CBM ASIA CBM Asia DEVELOPMENTCORP Operating Partners and Service Companies Operating Partners Service Companies ExxonMobil: Global oil & gas company. Has significant onshore and Technical Advisors offshore oil & gas operations in…
CBM ASIA Glossary DEVELOPMENTCORP Certain Terms and Abbreviations Used In the Presentation Bcf mean billion cubic feet. Mcf mean 1,000 cubic feet , MMcf mean million cubic feet, Tcf mean trillion cubic feet. COGE Handbook means the…
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