Dart Energy One2One Investor Presentation - Proactive Investors

TARGETTING “GAS HUNGRY” MARKETS.
DART ENERGY
MARKETS
Long-term Supply
Deficits 1
Large Resource
Potential 2
21.4
+
-15.6Tcf -5.3Tcf -4.3Tcf -2.4Tcf
12.3
5.8
7.0
7.1
4.3
2.8
1.9
~3,500Tcf ~2,500Tcf ~350Tcf ~1,450Tcf
Attractive Gas
Prices
Unconventional Gas
in Early Stages
Favourable Market
Considerations
Demand
Supply
US$8.0 - US$11.0/mcf US$6.0 - US$8.0/mcf US$5.0 - US$7.5/mcf US$5.0 - US$8.0/ mcf
Exploration / appraisal
• Domestic gas production in
decline
• Security of supply concerns
(reliance on Russian and
Norway imports)
• Large CBM and shale gas
resources
• Stringent “green”
regulations likely to
increase gas demand
Some production; early
stage exploration /
appraisal
• Largest gas market in Asia 3
• 2 nd largest energy
consumer globally 3
• Largest unconventional gas
resource globally 3
• Govt’s intention to fast
track development of
unconventional gas as part
of 12 th 5-Year Plan
Early stage exploration /
appraisal; some (small)
production
• 3 rd largest gas market in
Asia 3
• 4 th largest energy
consumer globally 3
• 5 th largest LNG importer
globally 3
• Large CBM resources
• Shale gas on the agenda
Early stage exploration /
appraisal
• Largest holder of proven
natural gas reserves in
Asia-Pacific 3
• 5 th largest CBM reserves
globally 3
• 2 nd largest LNG exporter
globally in 2010 3
• Govt seeking to fast track
CBM/shale development
9
Notes:
1 Projected demand less domestic supply in 2020; DataFusion Associates projections
2 Includes CBM and shale gas resources (where available). Source: DataFusion Associates
3 Based on BP Statistical Review of World Energy June 2011