RELATÓRIO SOBRE PARTICIPAÇÃO DO SECOM NA … · Michael Thorpe, Head of Oil & Gas ... Kay Gardiner Peter Strachan Gas Commissioner Mines and Energy QUEENSLAND DEPT. OF EMPLOYMENT,

B R A Z I L I A N G O V E R N M E N T

RELATÓRIO SOBRE PARTICIPAÇÃO DO SECOM NA FEIRA

“Excellence in Oil and Gas - Sydney - Março de 2011”

March 2011

por AT Luis Henrique Aroeira Nevesautorizado por Conselheiro Cesar de Paula Cidade

CONSULADO-GERAL DO BRASIL - SYDNEY - AUSTRÁLIASETOR DE PROMOÇÃO COMERCIAL

Durante os dias 1 e 2 de março de 2011, o SECOM participou com estande institucional no evento de investimentos na indústria de petróleo e gás natural “Excellence in Oil and Gas2011”:

http://www.beaconevents.com/2011/ExcellenceOilGas/en/Home/index.jsp.

O evento foi realizado pelas empresas Resourceful Events e Beacon Events, no Centro de Convenções de Sydney. Em sua sexta edição anual, congregou empresas médias e juniores de petróleo e gás natural na Austrália, Nova Zelândia e países limítrofes. O público–alvo foi !"#$%&'!(!')*+),-..,&*/)0+&($#)0,&*0+&+12&$*!&0,),"#&/!($03,4!*2$0,(),&*/)0+&')*+$,),5#'!0,(),consultoria.

Seguindo formato similar a evento anterior, o SECOM Sydney perseguiu a estratégia de "#$'$/)#,$,6#!0&7,2$'$,()0+&*$,(),&*/)0+&')*+$03,4)*)52&!*($80),(!,+#!(&9:$,),(&/17;!9:$,(!(!,!$,)/)*+$,*!,&*(<0+#&!,),2$'1*&(!(),5*!*2)&#!,7$2!7=,

>$*?$#'),#)7!+!($,*!,0@#&),(),A)7!+B#&$0,(),C*/)0+&')*+$,6#!0&78D10+#E7&!,)*/&!($0,F,GHAH,()0(),I..J3,!,D10+#!7&!,/)',2$*+&*1!')*+),"$0&2&$*!*($80),()*+#),$0,K.,$1,KI,"#&*2&"!&0,"!L0)08?$*+),(),&*/)0+&')*+$,)0+#!*;)&#$,(&#)+$,MCHNO*$,6#!0&7=,

N),!2$#($,2$',$,A)7!+B#&$,(),C*/)0+&')*+$,6#!0&78D10+#E7&!,I..P,$,2#)02&')*+$,($,&*+)#)00),australiano pelo Brasil seria crescente também no que se refere ao setor de petróleo e gás *!+1#!7=H0+!,!5#'!9:$,)*2$*+#!#&!,)'4!0!')*+$,*!0,)0+!+L0+&2!0,($,6D>HQR,$,CHN,!10+#!7&!*$,*!,)%+#!9:$,(),")+#B7)$,),;E0,*!+1#!7,4#!0&7)&#$0,"!00$1,(),-3S,'&7TU)0,(),(B7!#)0,*$#+)8!')#&2!*$0,)',I..V,"!#!,WGXKY3V,'&7TU)0,)',I..J3,!+&*;&*($,"&2$,(),YP3V,'&7TU)0,(B7!#)0,*$#+)8!')#&2!*$0,)',I..Z,),WGXKJ3V,'&7TU)0,)',I..P=,

>$',!,!7+!,*$,"#)9$,")+#B7)$,*$,")#L$($3,$40)#/$180),2$*2$'&+!*+),!1')*+$,*$,/$71'),),número de empresas australianas dispostas a investir na exploração de gás e petróleo no Brasil. D7@',(!,;&;!*+),!*;7$8!10+#!7&!*!,6[\,6&77&+$*3,$1+#!0,)'"#)0!0,"!#+&2&"!#!',($,&*/)0+&')*+$,),!(]1&#&#!',(&#)&+$0,)%"7$#!+B#&$0,*$,6#!0&73,2$'$,!,!10+#!7&!*!,^$$(0&(),\)+#$7)1'3,!,_!#$$*3,(),"$#+),'@(&$3,),!,")]1)*!,H#$'!*;!=,D,#)7!+&/!,]1)(!,*$,CHN,)*+#),I..Z,),I..P,)0+)/),"#$/!/)7')*+),#)7!2&$*!(!,F,(&'&*1&9:$,(!,!+&/&(!(),)2$*`'&2!,*$,")#L$($3,!00&',2$'$,!$0,2&27$0,(),7)&7U)0,"#$'$/&($0,")7!,DQ\=,

A título ilustrativo, do potencial de investimentos no setor de empresas médias e juniores !10+#!7&!*!0,*$,6#!0&73,"$()#80)8&!,2&+!#,!,)'"#)0!,H#$'!*;!,[a(#$2!#4$*0,b+(=,,http://www.erohydro.com/ , a qual participou com estande na edição anterior do evento “Excellence in Oil &Gas” em 2010.

D,)'"#)0!,"!#+&2&"$1,(),#$(!(!0,(),2$*2)00U)0,(!,DQ\,!(]1&#&*($,,"!#+&2&"!9:$,)',2!'"$0,marginais em diversos estados do nordeste.

SECOM SYDNEY - CONSULADO-GERAL DO BRASIL – SYDNEY- AUSTRÁLIA 1

c,GH>cd,2$*+$1,2$',!,2$7!4$#!9:$,&*0+&+12&$*!7,(!,D;e*2&!,Q!2&$*!7,($,\)+#B7)$,MDQ\O,),(!,\HfAc6AgG3,!+#!/@0,(),)*/&$,'!+)#&!7,"#$'$2&$*!7,)',7L*;1!,&*;7)0!=,N$&0,4!**)#0,(),1.2 m de comprimento por 2 m de altura colaboraram para realçar a apresentação do estande. c,4!**)#,(!,DQ\,()0+!2$1,!,#);&:$,($,"#@80!7=,c,4!**)#,(!,\)+#$4#E03,!"#)0)*+$1,'!"!,(!,atuação da empresa no mundo, incluindo na Austrália. No estande foram distribuídos ainda centenas de folhetos incluindo: “Guia Legal para o Investidor Estrangeiroh,MdAHO,3,?$7T)+$0,"#$'$2&$*!&0,($,N\A,3,(!,6#!i&7f#!()*)+3,)%)'"7!#)0,(!,#)/&0+!,jBrazil- Brand of Excellence”. H0")2&52!')*+),,($,0)+$#3,?$#!',(&0+#&41L($0,(&/)#0$0,?$7T)+$0,,)',7L*;1!,&*;7)0!,(!,DQ\,),(!,\)+#$4#E03,2$',!0,<7+&'!0,&*?$#'!9U)0,(&0"$*L/)&0,!$0,&*/)0+&($#)0,)0+#!*;)&#$0=,,D(&2&$*!7')*+),?$#!',(&0+#&41L($0,-..,2B"&!0,(),?$7T)+$,($,GH>cd,)0")2L52$,"!#!,$,)/)*+$3,2$',2T!'!(!0,"!#!,$0,"#&*2&"!&0,0&+)0,),!+!7T$0,)7)+#`*&2$0,(!,6fQ3,DQ\3,\)+#$4#E03,!00&',2$'$,($,ddH3,C6\,MC*0+&+1+$,6#!0&7)&#$,($,\)+#B7)$,),kE0O3,),(!0,$#;!*&i!9U)0,0)+$#&!&0,(!,&*(<0+#&!,*$,6#!0&7,cQC\3,D\\cd,,),D6\C\=,,

N)*+#),$0,)%"$0&+$#)0,"!7)0+#!*+)0,),/&0&+!*+)0,&*271L#!'80)R,G)2#)+E#&$,"!#!,d&*)#!9:$,),\)+#B7)$,($,H0+!($,(!,D10+#E7&!,c2&()*+!7,),N)"1+!($,H0+!(1!7,G#=Q$#'!*,d$$#)l,G#!=,_!a,k!#(*)#3,>$'&00E#&!,H0+!(1!7,"!#!,kE03,\)+#B7)$,),d&*)#!9:$,($,H0+!($,(),m1))*07!*(l,4!*2$0,!10+#!7&!*$0,>$''$*n)!7+T,M'!&$#,($,"!L03,,]1),"!+#$2&*$1,n$#o0T$"0,!,"$#+!0,?)2T!(!0,,"!#!,&*/)0+&($#)0O,),DQpl,)'"#)0!0,(),2$*017+$#&!,k$7('!*,G!2T0,),H#*0+,q,r$1*;3,)'"#)0!0,(&/)#0!0,!+1!*($,*!,)%"7$#!9:$,(),;E0,),")+#B7)$,(!,D10+#E7&!3,Q$/!,p)7s*(&!3,\!"1!,Q$/!,k1&*@3,H0+!($0,W*&($03,A)&*$,W*&($3,t!":$3,C*($*@0&!3,,>&*;!"1#!,),[$*;,_$*;,!00&',2$'$,4!*2$0,(),&*/)0+&')*+$03,5#'!0,),(&/)#0!0,)'"#)0!0,(),2$*017+$#&!,"!#!,,?1*($0,(),")*0:$,privados australianos.

c,)0+!*(),($,GH>cd,!+#!&1,,&*+)#)00),($,"<47&2$,),)'"#)0!0,)%"$0&+$#!0=,\$#,"!#+),(),&*/)0+&($#)0,"#&/!($03,4!*2$0,$1,"$#,5#'!0,(),2$*017+$#&!,$,&*+)#)00),2$*2)*+#$180),"#&*2&"!7')*+),*$,k1&!,"!#!,$,C*/)0+&($#)0,H0+#!*;)&#$,MdAHO,),*$0,?$7T)+$0,)0")2L52$0,)*/&!($0,")7!,\)+#$4#E0=,tE,!0,)'"#)0!0,u1*&$#)0,),')(&!0,($,0)+$#,&*+)#)00!#!'80)3,0$4#)+1($,")7$,'!+)#&!7,#)7!+&/$,!,DQ\,),k1&!,"!#!,$,C*/)0+&($#)0,H0+#!*;)&#$,MdAHO,=,d1&+$0,()'$*0+#!#!',01#"#)0!,2$',!,)%&0+e*2&!,(!,D;)*2&!,Q!2&$*!7,($,\)+#B7)$,),&*+)#)00),)',!*!7&0!#,&*/)0+&')*+$,"$#,"!#+),(),)'"#)0!0,u1*&$#)0,)',?1+1#!0,#$(!(!0,(),2$*2)00:$,(!,DQ\=,v&0&+!#!',$,)0+!*(),diretores de empresas australianas diversas do setor, assim como pelo menos três acionistas (!0,)'"#)0!0,H#$'!*;!,),^$$(0&(),M!'4!0,2$',&*/)0+&')*+$,*$,6#!0&7O=

W',($0,(&#)+$#)0,(!,)'"#)0!,(),2$*017+$#&!,(),&*/)0+&')*+$0,d!#+&*,\7!2),G)21#&+&)0,3,)',/&0&+!,!$,)0+!*()3,,!5#'$1,]1)3,()/&($,!$,&*+)#)00),7)/!*+!($,")7$,'!+)#&!7,(&0"$*L/)73,)0+!/!,sendo requisitado por clientes executivos presentes no evento a compilar maiores informações sobre o Brasil. Na ocasião levou consigo um exemplar de cada folheto disponível no estande. A d!#+&*,\7!2),G)21#&+&)0,3,http://www.mpsecurities.com.au além de patrocinadora do evento seria formadora de opinião neste segmento do investimento australiano.

Outros bancos e empresas de investimento já contataram o SECOM após o evento procurando maiores informações sobre investimento no Brasil, incluindo nas próximas rodadas de 2$*2)00U)0,(!,DQ\,),&*/)0+&')*+$,*!,\HfAc6ADG=


O evento recebeu alusão durante reportagem sobre petróleo no principal programa de notícias corporativas da televisão australiana, “Lateline Business”, da rede ABC. Entrevistas realizadas com palestrantes durante o evento incluem como pano de fundo, apesar da limitada visibilidade, os estandes dos expositores, incluindo o do SECOM. O programa pode ser visualizado no 0);1&*+),!+!7T$,)7)+#`*&2$R,

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As palestras e slides das apresentações efetuadas durante o evento podem ser visualizadas ou 4!&%!(!0,3!+@,$,(&!,Y.,(),u1*T$,($,2$##)*+)3,*$,0);1&*+),!+!7T$,)7)+#`*&2$R

http://www.beaconevents.com/2011/ExcellenceOilGas/en/ppdl/6theogc.html

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y$+$,-R,G#,\)+)#,d1*!2T)*,M>Hc,QcA^HGf,O,),!2&$*&0+!0,(!0,)'"#)0!0,Woodside , Norwest e Eromanga em visita ao estande do Brasil.

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y$+$,ZR,Df,b1&0,[)*#&]1),D#$)&#!,Q)/)03,G#=,\)+)#,d1*!2T)*,),!2&$*&0+!0,(!0,empresas Eromanga e Woodside.

y$+$,JR,v&0:$,2$',i$$',(!0,"147&2!9U)0,(&0"$*&4&7&i!(!0,!$,"<47&2$,&*/)0+&($#=


Jack Rutherford Consultant

WOOD MACKENZIE

Mark McCallumDeputy Chief Executive

- Policy & External RelationsTHE AUSTRALIAN

PETROLEUM & PRODUCTION

ASSOCIATION (APPEA)

Pearce Bowman!"#$%&'($)*+#,$&-%.)$/

QER

Bruce RobinsonConvenor

ASPO AUSTRALIA – THE AUSTRALIAN

ASSOCIATION FOR THE STUDY OF PEAK OIL

AND GAS

Barry Dawes Managing Director MARTINPLACE

SECURITIES

Paul Balfe, !" Executive Director, ACIL TASMANSimon Klimt, !" Director, BARCLAYS CAPITALDaniel White,!" Group General Counsel CENTRAL PETROLEUMMichael Thorpe, !" Head of Oil & Gas - Natural Resource Solutions, Institutional Banking and Markets, COMMONWEALTH BANKPeter Bond, !" !"#$%&'($)*+#,$&-%.)$/&0&12324#34&5#/$)+6/7 LINC ENERGYStephanie Rowland, !" Senior Associate, MINTER ELLISONDavid Salisbury, !" Managing Director and Chief Executive, NEW ZEALAND OIL & GASPeter Munachen, !" !"#$%&'($)*+#,$&-%.)$/7 NORWEST ENERGYDon McMillan, !" Principal Engineer, OIL GAS CBM SERVICES

Peter Botten, !" Managing Director, OILSEARCHTerry Fern, !" Chairman and Managing Director, PETSEC ENERGYJoost Herweijer, !" Principal Reservoir Geologist, RESERVOIR TEAM & Director, ARGOS-SIBINGA PETROLEUMWill Souter, !" Executive Director, RFC CORPORATE FINANCEGerry Spanninga, !" Exploration Manager, RIALTO ENERGYSimon Weller, !" Executive Director, Energy & Resources, Australia UBS INVESTMENT BANKAndrew McIIwain, !" Chairman, VERUS INVESTMENTSIan Davies, !" Managing Director, VICTORIA PETROLEUM

Jack Rutherford Mark McCallum Peter Strachan Editor

STOCK ANALYSIS

Peter StrachanBruce Robinson Pearce Bowman Kay GardinerGas Commissioner Mines and Energy

QUEENSLAND DEPT. OF EMPLOYMENT, ECONOMIC

DEVELOPMENT AND INNOVATION

Kay Gardiner Barry Dawes

Don’t miss the pre-conference workshops, Monday 28th February 2011For oil & gas executives (a) Joint Ventures: Frameworks for reducing liability and risk, whilst improving operator transparency (b) Your Capital Compass in 2011-2012

!"#$%&'$()*)+',$-).'/%0')%,$*)1$*1.-/"#2$+"003)-%2 (c) Conventional oil & gas in a morning: from upstream to downstream (d) Unconventional gas in an afternoon: an introduction to new gas markets

Key Speakers

Organised By

Gold Sponsors

Supporting Organisation

Platinum Sponsor

400 delegates, 50+ exhib it ion booths, leading industry insight

Sydney Confe rence and Exh ib i t ion Cent re , 28 th Feb – 2 nd March 2011

6th Annual

SYDNEY’S PREMIER EVENT STIMULATING INVESTMENT IN OIL & GAS

I N O I L & G A S

To register call: +61 2 9279 2222, fax: +61 2 9279 2477, email: [email protected], or visit www.ExcellenceOilGas.com

SECOM SYDNEY - CONSULADO-GERAL DO BRASIL – SYDNEY- AUSTRÁLIA Z

8.30 Opening remarks & welcome from the ChairpersonBarry Dawes, Managing Director, MARTIN PLACE SECURITIES

8.40 Macro markets analysis for oil & gas Barry Dawes, Managing Director, MARTIN PLACE SECURITIES

Investment spotlights by junior & emerging midcaps 9.05 Company presentation

9.20 David Salisbury, Managing Director and Chief Executive, NEW ZEALAND OIL & GAS

9.35 Company presentation

9.50 Dan Kendrick, Technical Consultant, NEW GUINEA ENERGY

To capitalise on time available for presentations there will be no formal morning or afternoon tea breaks. Morning and afternoon refreshments will be provided for extended periods.

Australian exploration & production

10.05 KEYNOTE: Achieving economic potential, international competitiveness and investment return for the oil and gas sector

Achieving investment certainty for the oil and gas sector !"Reducing regulatory uncertainty and burden for upstream oil and gas !"Improving industry frameworks to ensure international !"competitiveness and economic performance of the oil and gas sector

Mark McCallum, Deputy Chief Executive - Policy & External Relations,THE AUSTRALIAN PETROLEUM & PRODUCTION ASSOCIATION (APPEA)

10.35 KEYNOTE: Developing Queensland’s gas marketsReviewing key outcomes of QLD’s inaugural ‘Gas Market Review’, !"and implementation of the short term trading market for gas in Queensland Understanding initiatives to increase investment in gas exploration !"Developing the LNG industry and managing the impact of a rapid !"increase in gas production Identifying growth areas in the domestic east coast gas market and !"the growing role of unconventional gas

Kay Gardiner, Gas Commissioner, Mines and Energy, QUEENSLAND DEPARTMENT OF EMPLOYMENT, ECONOMIC DEVELOPMENT AND INNOVATION



11.35 David Johnson, Managing Director, METGASCO


12.05 Lunch

1.00 Taxes and the effect on investment in oil and gasGaining an up to the minute analysis on the changing Petroleum !"Resource Rent Taxes (PRRT) landscape Investigating"the"future"#$%"&'($)*'"shares"scheme,"and"likely"effect"!"+$("investment"in"*(,,-.,/0",12/$(3&4$-Evaluating the impact of a future ETS on oil and gas !"

1.25 Western & Northern Australia oil & gas developments, and the effect on markets

Understanding the scale of new gas developments and !"production timeframes: - North West & Central West WA: including Carnarvon Basin; Browse Basin; Canning Basin - Northern Territory & the Timor Sea: including Bonaparte Basin, & Darwin as a hub for access to markets Reviewing development drivers for export and domestic use !"Analysing domestic pricing mechanisms: !"- how current developments in WA are affecting pricing - how pricing is affecting opportunities and innovations - sustainability of long term oil prices in light of less conventional market developments

Paul Balfe, Executive Director, ACIL TASMAN





To capitalise on time available for presentations there will be no formal morning or afternoon tea breaks. Afternoon refreshments will be provided for extended periods.

Afternoon Chairperson: Peter Strachan, Editor, STOCK ANALYSIS

Commodities outlooks

2.55 Shale oil as an alternative energy sourceAssessing commercial viability of shale oil against price and future !"availability of conventional oil Understanding economic and production outlooks !"Reviewing environmental and technical initiatives aimed at improving !"market viability

Pearce Bowman, !"#$%&'($)*+#,$&-%.)$/0 QER

3.15 Peak Oil: What it is, what it means for investors, and the market outlook

Assessing forecasts regarding global oil production and decline, and !"the impacts of peak oil Reviewing availability and volume of oil available on the open market, !"and the effect of the rise of domestic use in oil producing countriesAdopting oil vulnerability assessment and risk management !"– for investors, planners and governments Reviewing pricing and market outlooks to the future !"

Bruce Robinson, Convenor, ASPO AUSTRALIA – THE AUSTRALIAN ASSOCIATION FOR THE STUDY OF PEAK OIL AND GAS





Commodity review sessions: 4-53'('1$6*%3#*7$8*/$9468:;$<"*7$='*0$8*/$9<=8:

Analysing domestic and international demand !"Understanding recent price and production trends!"Reviewing pricing and market outlooks to the future !"

4.45 (a) LNG: Peter Strachan, Editor, STOCK ANALYSIS 5.05 (b) CSG: Jack Rutherford, Consultant, WOOD MACKENZIE

5.25 >.*73*%-)?$%&'$@)1'#?#"3)1$<"*7$8*/-(+*%-")$9@<8:$ outlook

Investigating exploration activity, market drivers and potential for !")-0,(*($)-0"5$3/"*364.53&4$-"(UCG)Addressing environmental concerns, reviewing progress of trials, and !"working with government bodies on regulatory mattersAssessing market and demand outlooks for the future!"

Peter Bond, !"#$%&'($)*+#,$&-%.)$/&1&23435#45&6#/$)+7/0 LINC ENERGY

5.50 Chairperson’s closing remarks & close of conference

6.00 Networking drinks

J o i n O v e r 4 0 0 O f Y o u r I n d u s t r y P e e r s

Conference Day OneTuesday, 1st March 2011


SECOM SYDNEY - CONSULADO-GERAL DO BRASIL – SYDNEY- AUSTRÁLIA P

8.30 Opening remarks & welcome from the Chairperson





Upstream oil & gas: international outlooks and exploration activity

Regional exploration, production outlooks and the investment environment

Reviewing major opportunities and motivations for !"operating in the region Understanding local access to services and skills !"Assessing proximity to major markets !"Understanding sovereign risk issues!"

9.40 (a) WEST AFRICA: Gerry Spanninga, Exploration Manager, RIALTO ENERGY 10.00 (b) PAPUA NEW GUINEA: Peter Botten, Managing Director, OILSEARCH 10.20 (c) NEW ZEALAND: David Salisbury, Managing Director and Chief Executive, NEW ZEALAND OIL & GAS 10.40 (d) NORTH AMERICA: Terry Fern, Chairman and Managing Director, PETSEC ENERGY


Investment spotlights by junior & emerging midcaps11.00 Company presentation




12.00 Lunch

Afternoon Chairperson: Will Souter, Executive Director, RFC CORPORATE FINANCE

<"#A"#*%'$()*)+'$*)1$+*A-%*7$#*-/-)?

1.00 CASE STUDY: Obtaining foreign investment & partnership

Positioning yourself for foreign direct investment !"Understanding Norwest’s ongoing relationship with !"Indian upstream company Bharat PetroResources – from Timor Sea and North Sea projects to a recent farm-out agreement for the Perth Basin Reviewing core commercial arrangements, motivations !"and equity holding agreements by the companies, plus shareholder offersGaining an outlook for Indian investment in Australian !"producers and explorers

Peter Munachen,&!"#$%&'($)*+#,$&-%.)$/0 NORWEST ENERGY September 2010: Norwest Energy NL (“Norwest” and ASX: NWE) is pleased to announce that major Indian energy explorer, Bharat PetroResources Ltd ( “BPRL”), a wholly owned subsidiary of Bharat Petroleum Corporation Limited (“BPCL”), has formally executed documents with the Company for a farm-in to two of Norwest’s Perth Basin permits – EP413 and TP/15 – by providing up to $15m in exploration and drilling funding.






2.30 PANEL DISCUSSION: Capital markets & investment banking review

Identifying current accessible sources of funding for junior !"and mid-cap oil and gas companies - investment vehicles -"projects"receiving".-3-54-*"5$-640,(3&4$-"*"Debt"or"equity".-3-54-*7Assessing the hybrid capital and bond market for 2011-2012 !"Reviewing the trend for corporate actions’ and !"consolidation in the industry

Moderator:Michael Thorpe, Head of Oil & Gas - Natural Resource Solutions, Institutional Banking and Markets, COMMONWEALTH BANKPanelists: Simon Klimt, Director, BARCLAYS CAPITALSimon Weller, Executive Director, Energy & Resources, Australia, UBS INVESTMENT BANK

3.10 CASE STUDY: Capital Raising in the current environment

Considering the options available in the current economic !"environment Structuring capital raising, and managing share !"placements and offersAnalysing cost comparisons of raisings via different methods !"Understanding key considerations for choice of brokers !"and lead capital raising partner Reviewing ongoing exploration and appraisal programs !"following the raising

Daniel White, Group General Counsel, CENTRAL PETROLEUM





Corporate actions

4.40 CASE STUDY: Joint ventures & strategic alliances

83/3-54-*"9,-,.&"vs."risk,"short"term"3-0"/$-*"term"!"outcomes Gaining from Victoria Petroleum’s experience in operator !"and non-operator JV rolesDiversifying the risk, choosing your partner and evaluating !"their objectives Reviewing exploration gains & utilising the partnership to !"secure new opportunities

Ian Davies, Managing Director, VICTORIA PETROLEUM

5.05 CASE STUDY: Considerations for successful M&A outcomes

Understanding commercial drivers leading to the merger !"between Verus Investments and Pass PetroleumReducing M&A risk through key aspects of due diligence!"Structuring"bids",++,5&4:,/;"3-0"reviewing"64*-4.53-&"!"milestones and hurdles during the transactionUnderstand the upside for shareholders on both sides, !"and outlook for project assets

Andrew McIIwain, Chairman, VERUS INVESTMENTS

5.30 Closing remarks from the Chairperson, and close of conference

S y d n e y ’ s P r e m i e r I n v e s t m e n t i n O i l & G a s E v e n t

Conference Day TwoWednesday, 2nd March 2011



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