Investment Highlights One of the largest African acreage positions of any junior oil company globally (Kenya, Namibia) Working oil and gas systems proven offshore Kenya in 2012, offshore Namibia in 2013 Introduced major global…
Pancontinental Oil & Gas (ASX: PCL) Hydrocarbon discoveries in Africa will change the global energy dynamic PCL is positioning to significantly benefit from this rare event Large Offshore African Acreage Position one of the…
Corporate Snapshot Capital Structure Capital Structure Shareholder Overview Shares on Issue 1,151 m Others Board & Mgmt Options on Issue1 5m 15% Market Cap. (at 0.068) 78m 58% Cash (December 2013) see Example Use of Funds slide…
Early Mover, Track Record, Turning Point Woodside farms Gippsland into Licenses L6 Petroleum (now and L8 FAR) farms into for over 10 years Pancontinental has: License L6 Secured African acreage before it becomes highly prized…
In Perspective Alongside Heavyweights Pancontinental Joint Venture Partners Partner Market Capitalisation Project with Pancontinental Notes (Approx) US BG Group 80 Billion Kenya L10A & L10B Seventh largest company on the London Stock…
OFFSHORE KENYA..... 7
Offshore Kenya Factors for Success THE THEORY Favourable Depositional Environment The Tana River delta developed inboard from the Davie Walu Ridge into the Tembo and Maridadi Troughs Schematic of Cretaceous and Jurassic to…
Offshore Kenya Factors for Success THE SETTING Recent Discoveries and Building on Success Onshore Northern Kenya Major Oil Discoveries by PCLs Only 3 wells in the last five years offshore Kenya - Tullow Oil and Africa Oil Four…
Kenya Block L10A Prime Acreage, World-Class Joint Venture Offshore Kenya - Pancontinental 18.75% BG (Operator) 50%, PTTEP 31.25% 4,962 sq km (1,226,136 acres) Water depth 200m to 1,800m & close to Mombasa Port Significant Oil…
Kenya L10A Exploration Multiple Play Types Miocene Reefs Oil interpreted from two Source Kitchen Troughs Tertiary & Cretaceous Drilling Sunbird Miocene Reef mid January 2014 Channels Cretaceous anticlines Channel and turbidite…
Kenya L10A/L10B Sunbird Prospect Sunbird Prospect Reef Fore-reef Large Miocene Reef build-up Core Talus Prospect covers 73 sq km, with vertical relief of approximately 700m. The well will be drilled to at least 3,000m subsea.…
Kenya Block L10B Prime Acreage & Joint Venture Offshore Kenya Pancontinental 15% BG (Operator) 45%, PTTEP 15%, Premier Oil 25% 5,585 sq km (1,380,082 acres) Water depth 200m to 1,800m and close to Mombasa Port Significant Oil…
Kenya L10B Exploration Multiple Play Types Two interpreted Oil Kitchen Troughs Miocene Reefs Aggressive Programme led by BG Group Tertiary & Cretaceous Drilling Sunbird Miocene Reef mid January 2014 in L10A Channels Drilling…
Kenya L10A & L10B Prospects & Leads Miocene Reef Prospects Stacked reefs developed over Sunbird Prospect Turaco Prospect carbonate platform Babbler Prospect Multiple follow ups Highly productive global analogues Various drill…
Kenya L10A & L10B Prospects & Leads Stratified Cretaceous drape Francolin Prospect Rafted Albian blocks Multiple large Cretaceous fault blocks Indications of channel sands Extensive follow-up Successful Angolan analogue Full 3D…
Kenya Block L8 Large Block, Respected Partners Offshore Kenya 5,115 sq km (1,263,944 acres) Pancontinental 30%* Origin 40%*, Tullow Oil 30%* Mbawa Gas Discovery, Follow-up Oil Target 2012 - Mbawa 1 gas discovery 1st discovery…
Kenya L8 Kipungu Prospect Kipungu Prospect Kipungu (formerly Tai) Prospect- one of a number of potential drilling targets in L8 Targets deeper than Mbawa gas discovery thought to have OIL potential Updip extremity of large…
Kenya Block L6 Large Block, Multiple Opportunities Offshore Kenya 5,010 sq km (1,237,998 acres) Pancontinental 40% , FAR Limited (Operator) 60% Estimated 3.7 billion barrels of oil or 10.2 trillion cubic feet of gas Prospective…
Kenya L6 Kifaru Prospect Kifaru Prospect Large Size Areal Closure approx 30 sq km Oligo- Miocene Reef Stack Vertical 2,000+ m Kipini Sands second target Follow- Up Oil-mature Eocene source rocks Reef swarm in L6 predicted at c.…
OFFSHORE NAMIBIA..... www.pancon.com.au 21
Offshore Namibia Factors for Success DEAL FLOW [x]THE THEORY Basin Development THE THEORY [x] Tectonic conjugate of Offshore Brazil Africa Channel sands and turbidites identified on Slope South America and Basin Floor 1 Source…
Offshore Namibia Factors for Success DEAL FLOW [x] THE THEORY [x] RECENT OIL RECOVERY AND THE FUTURE Building on Success Wingat 1 Oil Recovery- March 2013, good thick mature source rocks reported Farmout to Tullow - September…
Namibia Block EL 0037 Large Block, Proven Regional Oil System Offshore Namibia-- 17,295 sq km (4,273,687 acres) Pancontinental 30% free carried Tullow Oil (Operator) 65%, Paragon (local partner) 5% Oil Mature Fairway mapped by…
Block EL 0037 Tullow Farm In Tullow Oil Farmed in - Sep 13 Tullow Oil becomes partner and Operator after farmin in September 2013 Tullow is one of the most successful explorers in Africa and globally, opening new oil basins in…
Offshore Namibia Concepts 1 Model of Slope and Basin-Floor Deposition Sediment input from HYDROCARBON ENVIRONMENT coastal Shelf Area Oil Recovery from Wingat 1 well - May 2013 Numerous large Leads in EL 0037 Basin Floor Fans EL 0037…
Offshore Namibia Concepts 2 Basin Floor Axis (Transition Zone) Slope / Shelf EL 0037 Boundary OIL SYSTEM OIL MATURE Good Oil Prone Source Rocks seen regionally FAIRWAY - Top Transition Oil-mature Fairway Kitchen in Inner Graben…
Fan Anomalies are Main Targets Operator Tullow Oil is a leading expert of hydrocarbon systems along the West African margin Tullow has mapped four key Leads for 3D seismic in early 2014 The four main EL 0037 Leads- Albatross,…
Proposed 3D Seismic Survey Albatross Seagull Petrel Gannet An extensive 3D seismic survey of 3,000 sq km and a 2D seismic survey of 2,000 km are planned in EL 0037 The 3D Seismic Survey is planned over the four key Leads KEY…
SUMMARY..... 30
Pancontinental Activity Timeline* KENYA L8 JV reforming and Gas marketing and other studies Drill planning (30%*) Farmout KENYA Drilling L10A & L10B 2D & 3D Drilling Sunbird Drilling Drill planning Prospect Contingent…
Namibia Example of Management of Funds EL 0037 FARMOUT Shareholder Equity used to- 120 US Millions Fund entry & early costs 1 million Purchase additional 10% - 4 million 100 Pancontinental Investment 5 million 80 Farmout to…
Pancontinental Summary One of the largest African offshore acreage positions of any junior company Track record of working with African governments to secure new acreage introducing high quality major partners for accelerated…
Pancontinental Oil & Gas NL Ground Floor 288 Stirling Street Perth, WA 6000, Australia Tel: +61 (8) 9227 3220 Fax: +61 (8) 9227 3211 www.pancon.com.au 34
Board & Management Mr Henry David Kennedy, Chairman Mr Kennedy has had a long association with Australian and New Zealand resource companies. As a technical director he has been instrumental in the formation and/or development of a…
Understanding How Prolific Basins Develop For basins that are young in their exploration history, the last two years of exploration offshore Kenya and Namibia have been tremendously encouraging to industry and persons who understand the…
Appendix 1 Block EL 0037 D&M Report 38
Appendix 2 - Kenya Block L6 FAR Resource Report 39
Appendix 3 - Australian Projects EP 104 / R1 ONSHORE CANNING BASIN Pancontinental Oil & Gas NL 11.11% The RL1 area has been excised from the EP 104 exploration area to allow retention of the Point Torment gas discovery and the Stokes…
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