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High Peak Royalties chairman to explain benefits of royalties to investors at CEO Sessions

The company generates value and revenue through royalties on oil and gas exploration, development and producing properties.

Worker climbing steps at gas production facility
Chairman Andy Carroll will present at the CEO Session in Sydney on October 22

High Peak Royalties Ltd’s (ASX:HPR) chairman Andy Carroll will outline the company’s strategy of securing high-value resource royalties at this month’s Proactive CEO Session.

The company is unique among ASX-listed companies, actively acquiring royalties on exploration, developing and producing properties.

These royalties mean investors benefit from receiving revenues from resource projects without the obligation to fund capital expenditure and no exposure to costs or operational problems.

Royalty investment model

Carroll will explain at the Sydney CEO Session on Monday, October 22, that High Peak’s royalty investment model is particularly attractive to investors.

The expanding and diversified portfolio of more than 20 oil and gas properties encompasses projects in key Australian and USA oil and gas basins.

Expanding portfolio

These are owned and operated by some of the world’s leading oil and gas companies, such as QGC/Shell, Santos Limited (ASX:STO), and Origin Energy Ltd (ASX:ORG).

The portfolio includes:

- Surat Basin CSG Project, 2.5% overriding royalty interest, operated by Queensland Gas/Shell;
- Peat Gas Field, 2.125% overriding royalty interest, operated by Origin Energy;
- Surprise Oil Field, 1.0% overriding royalty interest, operated by Central Petroleum;
- Longtom Gas Field, 0.3% overriding royalty interest, operated by Nexus Energy;
- Poseidon LNG, 0.103125% overriding royalty interest, operated by ConocoPhillips;
- Amadeus Basin, 1.0% overriding royalty interest in Southern Amadeus JV operated by Santos;
- North Carnarvon Basin, 0.2% overriding royalty interest, operated by Santos(Quadrant); and
- Multiple royalties in USA producing properties.

High Peak also holds five geothermal energy licences covering 21,681 square kilometres in South Australia and one geothermal tenement area under application in the Northern Territory.

Oil and gas industry experience

Carroll is well qualified to serve as company chairman as he has over 30 years of international oil and gas experience and is a member of the Society of Petroleum Engineers.

He originally trained with BP and has held a range of board, senior management and consultancy roles with oil and gas companies including BP, Dome Petroleum, Amoco Canada, Ampolex and InterOil.

As well as being High Peak’s chairman, Carroll is a director of Mosman Oil And Gas Limited and Australian Petroleum Portfolio and provides consultancy services through his company, Australasian Energy.

Register for the CEO Session today to find out more.

Sydney details, Monday, October 22, 2018

Also featuring will be Yandal Resources Limited (ASX:YRL), Minotaur Exploration Ltd (ASX:MEP), MMJ PhytoTech Ltd (ASX:MMJ) and The Hydroponics Company Ltd (ASX:THC).

Quick facts: High Peak Royalties Ltd

Price: 0.053 AUD

Market: ASX
Market Cap: $10.01 m

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