Sta te of Pla y Uncontracted 2P & 3P Reserves ASX Code BUL 2P Reserves (NSAI) 55 Pj/Bcf Operatorship and majority equity 3P Reserves (NSAI) 200 Pj/Bcf Diverse portfolio oil and gas 3C Contingent Resource 3,744 Pj/Bcf (NSAI)…
Global Ene r gy Se tting Global Energy Supply(1972-2012) Mtoe IEA Nov 2014 Global Energy supply is dependent on fossil fuels (82%)
Changing dynamics of global demand Global Ene r gy Se tting Energy demand by region Global Energy Demand Mtoe 10 000 Rest of world 8 000 6 000 OECD OECD 4 000 China Rest of world 2 000 China 1990 2000 2010 2020 2030…
United States holds a strong position on energy costs Global Ene r gy Se tting Weighted average cost of energy paid by consumers /toe 2 000 1 500 2008 2013 1 000 2040 500 European Japan United China India IEA Nov 2014…
East Coas t A us tr a lia Ov e r la y QCLNG LNG Export Plants GLNG APLNG East Coast Gas demand set to take off
B l u e s G a s R e s e r v e s & R e s o u r c e s PJ Growth of Gas Resources
The Va lue Pr opos ition 100,000 10,000 US Shale acreage transaction range 10,000-50,000/Acre Value /Acre 1,000 Recent Cooper Acreage transaction range - 200-800/acre Net Blue Acres 100 Recent McArthur acreage…
Eas t C oa s t Ga s Uncontracted 2P and 3P Reserves (200 Pj) Existing and developing infrastructure Blue reserves enveloped by Arrow Project Arrow in FEED for Gas project and pipeline to Gladstone Large Contingent resource upside…
Eas t C oa s t Ga s Uncontracted 2P and 3P Reserves (200 Pj) Existing and developing infrastructure Blue reserves enveloped by Arrow Project Arrow in FEED for Gas project and pipeline to Gladstone Large Contingent resource upside…
Eas t C oa s t Ga s 3C Contingent Resource 100 Pj Jurassic and Permian CSG Plays Oil potential drilled Marburg Adjacent to GLNG and APLNG gas hubs Adjacent to recent acquisition on the Roma Shelf new entrant to east coast SENEX…
East Coast Gas Contingent Resource base increase to 838 Pj Gas Infrastructure currently lacking Coal developments moving forward creating potential gas demand and infrastructure Resource addition
East Coast Gas Large acreage position Multiple plays Under explored northern margin REAL Energys Basin Centred Gas play Adjacent activity identifies Basin Centred Gas Permits in early stages of exploration Basin Centred Gas…
Longer D a te d Liquids Options Greater McArthur and Georgina Basins
Old Basins but a r ipe s our c e Ideal oil source conditions Anoxic algal/bacterial rich oceans Relatively high CO2 levels No land plants or animals Shorelines dominated by Stromatolites Widespread carbon rich shale deposition…
Longer D a te d Liquids Options Greater McArthur and Georgina Basins
Longer D a te d Liquids Options Active region Statoil drilled 5 wells oil shows Central/Total drilled 2 wells Petroleum systems established Conventional and shale targets Native Title negotiations underway Georgina Basin
Corporate run rate Total Overhead Continual line item review 7,000 Running costs cut by 4 mill pa 6,000 5,000 '000 Nominal Office space reduced 4,000 Funds directed to value add 3,000 technical work 2,000 1,000 - 11/12…
Summary Blues uncontracted gas reserves are increasing in value There is a short, medium and long term shortage of gas on the east coast There is a disconnect between asset value and market value Australian energy prices begin to…
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