LINC ENERGY ANNUAL GENERAL MEETING 28 NOVEMBER 2014
Company snapshot Operational, financial and market snapshot Directors Market capitalisation(1) S626.9m Peter Bond Executive Chairman 2014 EBITDAX (Oil & Gas only) US78.6m (S100.8m) Craig Ricato CEO & Managing Director Oil & Gas…
Business segments Oil & Gas Underground Coal Gasification Shale Oil & Gas (SAPEX) Coal 3,910 boepd (gross) for Leader in underground coal Teresa thermal / PCI coal Petroleum exploration leases quarter ended 30 September gasification…
Strategy Focus to grow shareholder value Maximise shareholder value through improved operational performance, a strengthened balance sheet and sharper focus on fewer assets (focus to grow) Focus on core assets that add medium to…
Converting reserves into production Oil & Gas reserve base(1)(2)(3) Reserves to production (boepd) Near term Intermediate Future Umiat P3 14.4% 50,000 Wyoming P1 0.3% Umiat P2 272.3 56.5% mmboe 15,000 25,000 Wyoming P3…
Value drivers with longer term and further value upside from unlocked from Conventional oil valuation unconventional O&G assets Coal Total oil & gas reserves valuation of US4.4b(5) US1,127m US13m US380m US2,465m…
Focus on core assets to facilitate growth Asset Commodity Type Size Status SOLD FOR A500 Carmichael Coal Resource 7.8Bt MILLION SOLD FOR A155 Carmichael Coal Royalty A2/t MILLION Conventional Coal Coal Resource 760mt FOR…
Short term objectives and activities CY2014 CY2015 Gulf Coast Gulf Coast Maintain focus on operating efficiency, productivity Pursue acquisitions to expand oil production and and reserve replacement reserves Umiat Spud sub-salt…
BUSINESS OVERVIEW
Oil & Gas
Overview Conventional oil & gas assets in the U.S. located in the Gulf Coast, Wyoming and Alaska Key highlights Conventional Oil & Gas reserve base(1)(2)(3) Alaska Operating in the US since Umiat P3 2011 14.4% Wyoming P1 High…
Gulf Coast Location of oil & gas fields 12
Gulf Coast - Overview Asset overview Summary statistics Primary Gulf Coast oil fields are associated with salt domes or Total 1P Reserves(1) 9.9 mmboe salt related structures Production from stacked reservoirs primarily in Miocene and…
Umiat - Location of oil & gas fields Trans-Alaska Pipeline System (TAPS) Linc Energy UMIAT Snow Road 14
Umiat - Overview Asset outline Summary statistics OOIP: 1,200 mmbbl(1) Total 3P Reserves(1): 194 mmbbl Located within the National Petroleum Reserve of Percent Oil: 100% Alaska PV-10: US2,845.5 million Potential peak production of…
Umiat - Drilling and Flow Testing Horizontal Well 23H 16 16
Wyoming - Location of oil & gas fields 17
Wyoming - Overview Asset overview Summary statistics Estimated 80 mmbbl of recoverable oil reserves using Total 3P reserves(1): 67.7 mmbbl CO2 EOR strategy from Big Muddy and South Glenrock Percent Oil: 100% fields(1) PV-10: US1,140…
Conventional Oil & Gas summary High quality, oil levered reserves with potential for significant production upside from assets with an independent valuation of more than US4.4b(1)(2)(3) Gulf Coast High quality, onshore oil…
Shale Oil & Gas
Shale Oil & Gas - Overview Linc Energys lease holding covers 16 million contiguous acres, representing 80% of the Arckaringa Basin Linc Energy holds 8 long-term petroleum exploration licenses in the basin Flat terrain ideal for…
Arckaringa Basin Opportunity summary The Arckaringa Basin covers 20 million acres (c.80,000 km2) across the state of South Australia Large acreage play Linc Energy holds petroleum exploration rights covering c.80% of the underexplored…
Shale Oil & Gas - Comparison to U.S. Shale oil & gas plays Technical data compares favorably to prolific US unconventional liquids plays Shale Property Eagle Ford Bakken Arckaringa Basin (Organic-rich Shale) Age Mesozoic Paleozoic…
Shale Oil & Gas - Drilling plan Stage One (Q4 2014) Three vertical wells will provide a substantial level of information across the three target formations within the Arckaringa Basin Drilling Program will begin with three wells in the…
Underground Coal Gasification
UCG Overview UCG process Entering commercialisation stage Underground Coal Gasification involves the gasification of Proprietary UCG technology underground coal to produce synthesis gas (syngas) made of carbon A210m invested over past 9…
UCG Ready for commercialisation Linc Energys business model consists of commercialising UCG technology through strategic partnerships Linc Energy holds a global portfolio of coal resources, facilitating opportunities for development…
UCG Asias abundant stranded coal resources China Korea Japan 755 64 52 Mongolia 11 24 Coal reserves Potential total 2014E 2018E 2014E 2018E 2014E 2018E for UCG(1) SNG from UCG total gas demand(4) Korea total gas demand (4)…
Summary - Benefits of Linc Energys UCG technology Exploits stranded uneconomic coal resources 1 UCG targets deep coal deposits which are uneconomic using traditional coal mining techniques; UCG converts this coal into high value gas…
Heavy Oil Recovery - Invention to inject air to produce oil Key differentiators of Linc Energys technology Simple: Advantages: Air injected into top horizontal well Less water and NG use than conventional steam based Oil produced from…
Coal Queensland assets
Coal Queensland assets Development asset summary Selected Queensland coal assets JORC JORC Gross Development Production Asset Coal type compliant compliant DCF-10 area stage potential reserve resource km2 Teresa Thermal / PFS 6Mtpa…
FINANCIAL OVERVIEW
Financial snapshot Total revenue increased from A124.4m in FY2013 to A148.4m in FY2014 Revenue Clean energy revenue rose to A6.8m in FY2014 EBITDAX underpinned by producing fields EBITDAX Increased marginally from US78.4m in…
Key investment highlights High quality, oil rich production from US assets with significant potential for 1 production upside A strategically positioned leader in UCG technology equipped to capitalise 2 on increasing demand in…
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