A.B.N. 45 066 383 971 8 October 2013 PAGES (including this page):30 CUE ENERGY OVERVIEW Cue is an Australian based oil & Company Announcements Office gas company with activities in 10th Floor Australia, New Zealand, Indonesia 20…
CUE ENERGY RESOURCES LIMITED (ASX: CUE) New Focus and an Exciting Future Investor Roadshow, Oct 2013
DISCLAIMER & IMPORTANT NOTICE Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks,…
Board and Management Geoffrey King David Biggs Non-Executive Chairman Chief Executive Officer 35+ years experience in oil & gas 30+ years experience in oil & gas Appointed Chairman Nov 2012 Joined CUE April 2013 Tim Dibb Andrew…
Strong Existing Production and Cashflow FY13 Operating Cash Flow Cue Net Production (2011-2016f) 70 A Million 1.2 Million boe Implement Growth Strategy 60 1 50 0.8 40 0.6 30 0.4 20 0.2 10 0 0 Sales Production Exploration…
FY13 Financials FY13 Revenue of 49.8m, up 21% Net Profit after Tax up 12.5% to 6.4m 58.8M cash on hand, up 74% Zero debt 6
FY13 Production Total production up 22% to 930,000 boe Maari Oil: Reduced production being Sampang Gas: Increased production addressed by growth projects due to Wortel startup Thousand bbl Billion Cubic Feet 300 FY12 5 250 FY13 FY13…
Clear Growth Strategy Current Position Future position High activity level for 2014 but 5mmboe reserve adds by end only one 2015 well planned 2018 (140% reserve replacement) Exploration portfolio largely Growth drilled out by…
Growth Strategy Participate in areas of high prospectivity Focus on proven petroleum basins Develop exposure to higher risk strategic test areas Take meaningful equity positions Invest in material positions for Cue Target 20-40%…
Growth Strategy Geographic Focus Maintain core regional focus and develop interests in strategic test areas with longer term, higher risk/reward opportunities Growth Focus Areas Strategic Test Areas Higher subsurface risk Areas with…
Near Term Activity Eight well minimum and 11 well potential over the next 12 months in Indonesia and NZ Fully funded 2013/2014 drilling program Whio -1 carried by OMV 2013 2014 Q3 Q4 Q1 Q2 Q3 Q4 New Zealand Maari growth…
Regionally Diversified Assets INDONESIA Kutei Basin PAPUA NEW GUINEA INDONESIA Offshore Madura Island NEW ZEALAND AUSTRALIA Taranaki Basin Carnarvon Basin PRODUCTION DEVELOPMENT APPRAISAL EXPLORATION 12
New Zealand: Maari Production and Growth Maari/Manaia gross production of 8000 bbl/d H1 2013 Growth projects program expected to add 15mmbbl (gross) incremental reserves and increased production from 2014/2015 Kan Tan IV in field…
Maari Facilities Upgrade FPSO Raroa to be disconnected and towed to Port Nelson, NZ for swivel replacement and process equipment upgrade Planned swivel replacement has been brought forward from 2014 Opportunity will also be taken to…
New Zealand: Taranaki Exploration offshore Whio Whio-1 exploration well to be drilled (PEP 51313) early 2014 by the Kan Tan IV Cue 14% OMV(Op) 30% Potential to deliver material new Todd 35% discovery in Eocene and Paleocene…
New Zealand: Taranaki Exploration Onshore PEP 51149 Cue 20% 438km2 onshore Taranaki Basin Todd (Op) 80% Principal targets are Eocene (gas) and Miocene (oil) formations updip of Te Kiri -1 hydrocarbon shows Permit reached end of…
Indonesia: Sampang Production and Appraisal Oyong & Wortel first production 2012, Oyong Wortel 2007 Cue 15% Santos (Op) 45% Combined gross production of SPC 40% 85MMcfd and 2200bbl/d Oyong FSO to be replaced in October 2013,…
Indonesia:Mahakam Hilir Appraisal and Exploration Mahakam Naga Utara-1 (2012) showed good Hilir PSC indications but was unable to be Cue 40% conclusively evaluated SPC (Op) 60% Naga Utara-2 drilling underway. Spud 5th October…
PNG: Production, Appraisal and Exploration PDL 3 Contains part of SE Gobe Unit (Cue Cue 5.6% 3.286%) Santos 15.9% (Op) Oil Search 36.4% Mature field that has produced over 42 SHP 40.1% million bbl (gross) since 1998 PRG 2% Gas…
Australia: Carnarvon Exploration WA-409-P Currently in year 6, renewal H1 2014 Cue 30% Apache 40% Major lead Brigadier Updip late Jurassic (Op) play with 40-50mmbbl prospect size Exoil 30% Cue carried through all permit…
Investment Case Strong Fundamentals Existing oil and gas production and stable positive cashflow Strong balance sheet no debt Clear and focussed strategy Significant Near Term Upside High impact Indonesia and New Zealand…
Level 21, 114 William Street, Melbourne VICTORIA AUSTRALIA 3000 P. (61) 3 9670 8668 F. (61) 3 9670 8661 E. mailcuenrg.com.au W. www.cuenrg.com.au
Appendices 23
FY13 Profit 2013 2012 000s 000s Production revenue 49,798 41,222 Production costs (19,131) (13,778) Gross profit from production 30,667 27,444 Other revenue 160 274 Amortisation expense (17,520) (10,500) Interest expense (3) (84) Net…
Sound Financial Position 2013 2012 000s 000s Current Assets Cash and cash equivalents 58,828 33,733 Trade and other receivables 5,096 11,746 Inventories 1,157 1,500 Total Current Assets 65,081 46,979 Non-Current Assets Property,…
Summary Consolidated Cash Flow 2013 2012 000s 000s Net Cash Provided by Operating activities 32,729 11,729 Net Cash Used in Investing Activities (10,855) (27,994) Net Cash Used in Financing Activities 0 (4,438) Net…
Profit by Area 2013 Total Australia NZ Indonesia PNG 000 000 000 000 000 Production Revenue - 19,590 27,926 2,282 49,798 Production Expenses - (8,450) (9,201) (1,480) (19,131) Gross Profit - 11,140 18,725 802 30,667 2012 Total…
Reserves and resources PROVED (1P) PROVED & PROBABLE (2P) FIELD (LICENCE) OIL OIL CUE LIQUIDS GAS EQUIVALENT(4) LIQUIDS GAS EQUIVALENT(4) INTEREST MMBBL BSCF MMBOE MMBBL BSCF MMBOE Reserves Oyong(1)(2) (Sampang 15% 0.039 2.259 0.415…
Joint Venture Interests PERMIT OPERATOR CUE INTEREST (%) Petroleum Properties New Zealand PMP 38160 OMV New Zealand Limited 5.00 (ii) PEP 51313 OMV New Zealand Limited 14.00 PEP 51149 Todd Exploration Limited 20.00 PEP 54865 Todd…
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