Investor Presentaiton
30km
Kina
PETROLEUM LIMITED
Sogerum Prospect
Raintree -1
Banam Prospect
PPL 337 FOCUS AREA
Papua New Guinea
Ramu Nickel
Mine
PPL 337 - exploration drilling has commenced
KINA-90% Heritage-10%
2 wells to be drilled which
may be followed by appraisal
seismic
Kwila -1
access roads
Yandera Mine
& Plant
PPL 337
30%
Madang
* Across multiple targets in the licence. Further evaluation is required
to determine the existence of hydrocarbons, with recovery
dependent on potential future development.
-
• Covers 5500 km² (1.36M acres) in Ramu
Sub Basin.
• Numerous gas seeps confirm active biogenic
gas generation.
Heritage to earn 70% by carrying Kina through
2 wells.
Kwila & Raintree back to back wells.
Raintree-1 spudded 30th April 2015.
Intersected good gas shows in Plio-
Pleistocene Sandstones.
Kwila -1 expected to spud in June 2015,
targeting Plio-Pleistocene sandstones.
• Expressions of interest in gas from nearby
mines; demand about 20mmscf/d.
Target sizes* are sufficient to support large
scale independent development.
Access by road from Madang.
• Deep water ports suitable for LNG within 90km
of prospects.
Slide 11View entire presentation