Project Icewine Roadshow February 2015 ABN 80 072 964 179
Location Map & Explorers Alaskan Proven, prolific and Operators: productive petroleum province January 2014 Lease Map Kuparuk River Prudhoe Bay Oil Field 3.4 BN REC RESOURCES 15 BN REC RESOURCES Largest in USA Tarn 100 MMBBL…
Essentials Located in North Americas premier petroleum province which hosts the largest oil field complex in North America Tangiers and partner, Burgundy Xploration, advantaged by a Early Mover Advantage specialised and…
Corporate Information KEY STATISTICS AS AT 23 JANUARY 2015 Registered Office: Level 2, 5 Ord Street, Perth WA 6005 Total Ordinary Shares: 452,026,723 Options: 34,525,087 Postal Address: Number of Shareholders: 2,715 PO Box 1674,…
Case Study: Aurora (ASX:AUT) 2009 2014, 95 fold growth Key Aurora Tangiers 2005: Average Crude Oil Price US50/ Bbl Statistics Sugarkane, Icewine, Maiden 2P Marathon buys Ryder Scott A4.10 A4.20 Asset, Play, Reserves Hilcorp for 3.5b…
Common DNA Tier 1 US Shale Plays Unique Differential Characteristics Common DNA includes Eagle Ford, TX Marcellus, PA Overpressure Passive margin; calcite-rich Forearc conventional High effective permeability Exceptional overpressure…
Shale Metrics & IP30 Degolyer-MacNaughton & BEX HRZ Assessment Comparative North American Shale Play Characteristics * 20.9 * Gas converted to oil equivalent on an energy basis at 6:1 ratio HRZ vs Eagle Ford…
HRZ Continuity & Petrophysics * *Located on Icewine acreage Keys Keys toto HRZ play: Keys shale play to play: Keys to well Solid play:control Keys towell play:control History Solid Solid well control & diagenesis…
Unconventional Resource Potential ESTIMATED PROSPECTIVE OIL RESOURCE * PROSPECT ICEWINE (HRZ, HUE, KINGAK, & SHUBLIK SHALES) NORTH SLOPE, ALASKA RISKED UNRISKED (41% Probability) CASE LOW AVERAGE HIGH MEAN RISKED MEAN GROSS…
Conventional Oil Potential Alaska ranked 1 in North America Central North Slope ranked 1 in the USA for Mean Assessment of Technically Recoverable Conventional Resources (USGS 2013) remaining conventional oil potential: Rank Top Ten…
Conventional Plays & Shows Brookian Clinoform Play * 2.1 BBO potential (USGS, 2013) Delta Topset: B R O O K I A N Shallow marine to non-marine sands Umiat Field DELTA Brookian Turbidites - Icewine Focus TOPSET Slope & deep…
Brookian Clinoform Play 1.6 BBO potential (USGS, 2013) Clinoform-related, high porosity Brookian Seismic Schematic: reservoirs represented by shallow- marine topsets through distal, deep- Prograding Clinoforms and Slope Play Types…
Exploration Activity & Discoveries Great Bear 2015 (1H): Three Well Program* Large Brookian prospects, based on new 3D, reportedly targeted Talitha-1 is 2.5 miles north of Icewine 2012: Alcor 1 and/or Merak 1 Hue / HRZ, Kingak, and…
Single Well Economics Unconventional Well Assumptions Fiscal Assumptions NPV10: 3.6m Economics for unconventional become NPV10: 3.6m very attractive around 65 per bbl NPV10: 1.6m likely decrease in full cycle costs will NPV10:…
Compelling Immediate Investment Investment Thesis Oil-rich, dual conventional and unconventional super-giant opportunity, secured by U.S. Rule of Law, with immediate global marketability, and worlds premier exploration incentives…
New Board and Management Mr David Wall Managing Director Mr Michael Evans Non-Executive Chairman 4 years experience in strategy and planning at Extensive executive and Board level experience Woodside Petroleum. with publicly listed…
Project Icewine: HRZ Resource Potential Prospect Icewine: HRZ Shale Primary Objective (Source: DeGolyer & MacNaughton as of December 31, 2014) Monte Carlo: Probability Distribution Parameter P90 P50 P10 Mean Productive area (acres)…
Land Overview Strategic Acreage on Highway 99,360 contiguous gross acres comprising: 90,720 acres subject to formal award by the State of Alaska (1H 2015) and payment of US2.98M 8,640 acres previously acquired by Joint Venture partner…
First Mover Explosive Growth Potential Analogy Eagle Ford Shale History In 2005, Conoco Philips/Burlington Resources began their Eagle Ford exploration program. It was an early mover to test the play and finished leasing before most…
Unconventional Play Exploration Methodology Project Icewine originated utilizing the same prospect methodology that instigated ConocoPhilips early mover position in the Eagle Ford. Respectively, both the EagleFord and the HRZ shales are…
Tax Credit Overview The recently enacted tax reform Senate Bill 21, the More Alaska Production Act, transforms Snapshot of Incentive Program Alaska into one of the most compelling risk/reward ratios in the world for exploration…
Alaska North Slope (ANS) Crude Marketable for Global Export Background: Project Icewine will likely export oil to market via the Tanker Route Map Trans Alaska Pipeline, an 800 mile, 48-inch pipeline that starts in Prudhoe Bay and…
Corporate Transactions Implied Buyer Seller Trade Value/Acre Cost recoupment on 494,000 acres, 2,200 Repsol Armstrong ORRI, carried 30% WI through minimum of US 750MM of drilling Farmed in by drilling 2 wells and 1,600…
North Slope Conventional: Early Exploration Exploration drilling campaign North Slope, Colville High 1982 2000: Nine conventional oil accumulations discovered and/ or evaluated; the majority were secondary objectives with a combined…
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