A New Approach to Asian Energy Company Update March 2015
Important notice and disclaimer (cont.) Reserves & Resources, 1 Jan 2015 Gas/Associated Gas (BCF) Oil/Condensate (MMbbl) Method (Recoverable, net to Lion)1 Reserves 1P 2P 3P 1P 2P 3P Total Reserves (Seram) 0.119 0.173 0.241 Deterministic…
Presentation Overview Lion Update Indonesian Unconventional Our Team Strategy Assets Milestones A New Approach to Asian Energy www.lionenergy.com.au March 2015 4
COMPANY SNAPSHOT Linked conventional/unconventional Indonesian strategy Restructuring complete Shares on issue: 96m Market cap 15c: A14.4 million Cash: A5.6mil (31/12/2014) Revenue: A2 million pa Major shareholders: Risco Energy…
DELIVERING ON OUR PROMISES Joint studies, Seram production, SBA portfolio upgraded Building significant unconventional acreage Lions Sumatran position position Two joint studies awarded (7,200 km2), others being progressed Early…
INDONESIAs INVESTMENT RATIONALE A unique opportunity in SE Asia Projected Indonesian oil and gas New President keen to improve/simplify supply/demand balance oil and gas bureaucracy Mboe/d 6,000 Demand: Worlds fourth-largest…
LIONs UNCONVENTIONAL ACREAGE BUILD Targeting 2 million plus net acres in prolific Sumatran basins Early days but assessments point to multi-tcf gas/multi-100s mmbbl oil upside Lions unconventional acreage growth staircase US…
INDONESIAs PROLIFIC ONSHORE BASIN 5 basins in top 15 in region by discovered onshore conventional HCs North & Central Sumatra highest hydrocarbon density (disc. HCs per km2) Asia-Pacific top 15 onshore basins, ranked by discovered…
INDONESIAN WORLD CLASS OIL/GAS BASINS Sumatra is Indonesias most established hydrocarbon province Discovered hydrocarbons in Indonesian onshore provinces Sumatra 17.4 bbo, 41 tcfg, 1.1 bbc Kalimantan 1.7 bbo, 18.4 tcfg, 0.2 bbc…
BOARD & MANAGEMENT Well rounded team, proven track records Russell Brimage Kim Morrison Chairman Managing Director and CEO 35+ years experience in oil and gas Exploration geologist, 28 years of Founder of Oilserv Australia Ltd,…
ADVISORY BOARD Pre-eminent panel of industry advisors, wide-ranging skill set Mr Roger Whyte Dr Andrew Cullen Principal Advisor Technical Advisor Geophysicist with extensive SE Asia exposure, Co-founder of KRX Petroleum geoscientist…
STRENGTHS The right mix of skills and expertise Technical Best-in-class team Big company expertise, small company agility Advisory panel (tapping US/international unconventional knowledge) Commercial Risco team involved in deals…
CLEAR STRATEGY Linked conventional/unconventional approach Focus on Sumatra: prospective geology, infrastructure and markets Using synergies in conventional exploration to understand our unconventional potential Cost efficiencies…
SOUTH BLOCK A PSC (35%) Heartland position in prolific basin Exciting, underexplored block (1894km2) 2013 Matang-1 discovery in adjacent PSC New pipeline through area: Recent Block A gas contract - US9.45 mmbtu 183 km seismic program…
SERAM (NON-BULA) PSC (2.5%) Lofin currently drilling, Oseil development drilling 2.5% interest - CITIC (operator), Kufpec and Gulf Petroleum as co-venturers Annual net revenue of circa A2 mil Attractive fiscal terms/large sunk cost…
NORTH SUMATRAN UNCONVENTIONAL February approval of 4684 km2 Joint Study Lion 55% with partners of overlapping conventional Bohorok PSC (Bukit, NZOG, SBL) 45% Adjacent to PERTAMINAs unconv. Sumbagut MNK PSC (first unconv. PSC…
CENTRAL SUMATRA UNCONVENTIONAL Unconventional JS in Bengkalis Graben area (2,478 km2) Lion 75% and operator of joint study, LNG import terminal with conventional PSC holder at 25% Bengkalis Graben located in the east of the prolific…
LION OPPORTUNITY FUNNEL NEW BUSINESS Active negotiation, near-mid term exploration & production in Sumatra New Venture Technical Negotiation / Exploration Screening Review Final DD activities Sign Submit Sign CA Bid/Offer Acreage…
MILESTONES Active program - good news flow, funded through 2015 Lion activity and key event timeline (4Q-2013 to end-2015) Lion Activity and Key Event Timeline (Q4 2013 to end 2015) 2013 2014 2015 Lion Interests/Activities Q4 Q1 Q2 Q3…
Thank you For more information please contact: Kim Morrison Stuart Smith Chief Executive Officer Executive Director kmorrisonlionenergy.com.au ssmithlionenergy.com.au Office: +61 8 9211 1500 Indonesia: +62 811 460 395 Mobile: +61 404 490…
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