🕐03.12.13 - 02:54 Uhr

NEW GUINEA ENERGY LTD. [ASX:NGE] - CORPORATE PRESENTATION





Fortbridge Media Release

New Guinea Energy Ltd. [ASX:NGE] - Corporate Presentation

New Guinea Energy (ASX:NGE) has provided an update for shareholders and investors at the PNG Mining and Investment Conference, Sydney.

The Company will continue to focus on exploration in oil plays close to export routes.

New Guinea Energy is looking to replicate its strategy on 100% owned PPL 265, PPL 266 and PPL 267 to identify drillable targets and derisk exploration activities with others.

It intends to replicate success of acquisition, mapping and partnering with majors into Asia (ex-PNG).

The Company also aims to diversify its portfolio with the acquisition of near-term operational assets.

Highlights to date include:

� Acquired significant asset base in Papua New Guinea � 5 blocks covering 29,500Km2 (7.3M acres)
� De-risk exploration acreage through aerogravity, magnetics surveys, and > 600km seismic
� 340km of NGE-operated seismic at a cost < $35k/km, compared to benchmark costs of $90k/km
� Panakawa-1 Exploration well in PPL 267 � non- commercial gas, TD 2424m, cost US$13m
� Farm-out PPL 268 and 269 to Talisman/Mitsubishi
� Siphon-1 Exploration well in PPL 269 � tight sands
� Sale of PPL 277 to ExxonMobil and Oil Search: $15m up front, another $20m upon a Petroleum Development Licence, and ongoing royalty (total nominal value dependent on size of recoveries:100Bcf ~ $48m, 1Tcf ~ $174m, 2Tcf ~ $312m).

To view the full presentation please click on the link below:

For more information please contact:

Michael Arnett
Chairman
T: +61 (0) 2 9252 0010
F: +61 (0) 2 9252 0039
E:
W:

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