Australian Worldwide Exploration Presentation to PESA June 2009
what is AWE doing in GFC
AWEs 2009-10 Exploration Programme large exploration program started 200 million over 15 to 18 months risked potential to replace existing 2P reserves up to 15 wells 5 countries 6 basins
AWE is focused in three regions Gas and oil Oil exploration Oil and gas
Taranaki Basin Drilling Programme 4 to 5 wells planned 1. Hoki-1 (AWE 50%) Cretaceous North Cape Fm play with follow up prospects at Tikati, Vesta
Bathymetry Extent of mapped closure 9 8 -0 i0 k Ho
Hoki
HOKI07-09_R08, Fulls SW NE Base Tikorangi Hoki Near Top Tane North Cape Wainui Lower Nth Cape Sand Rakopi Basement
Hoki: 70 km2 with 100 m relief large potential Hoki surface location Hoki target intersection Lower North Cape Sand Depth Structure Map CGGV Processing 20 m contours Edited Vrms 5 layer May 08
Taranaki Basin Drilling Programme 4 to 5 wells planned 1. Hoki-1 North Cape play follow up prospects at Tikati, Vesta 2. & 3. Tui NE and Tui SW (AWE 42.5%) Extensions to Tui pool
Depth Structure Map F10 Sand Hand edited contours to close Tui to the east Closure consistent with OWC is poorly defined 5 m contours
Base Tikorangi Top D Sand F10 Sand Closure to OWC is Closure to east is poorly defined Basement clearly undefined defined
Kahu Channel Tui Field Possible trapping against channel incision
Taranaki Basin Drilling Programme 4 to 5 wells planned 1. Hoki-1 North Cape play follow up prospects at Tikati, Vesta 2. & 3. Tui NE and Tui SW Extensions to Tui pool 4. Tuatara (AWE 100%) Moki play similar to Maari
Tuatara Tuatara: 10 km2 with 90 m relief 2 km TOP MOKI INSTANTANEOUS AMPLITUDE EXTRACTION WITH TWT CONTOURS
Tuatara 1.5 km Moki sands Pushdown Moki Tuatara Comparison with Maari
Taranaki Basin Drilling Programme 4 to 5 wells planned 1. Hoki-1 North Cape play follow up prospects at Tikati, Vesta 2. & 3. Tui NE and Tui SW Extensions to Tui pool 4. Tuatara Moki play similar to Maari 5. Bahamas (AWE…
SW NE PEP38483 Fan remnants Stacked channels Gas sag Slope fan Strike line DTB08-131 5 km Large upside
Bass basin Trefoil-2 appraisal and Rockhopper-1 exploration well to be drilled from July 2009 (AWE 42.5%) Potential tie back to Yolla Other exploration prospects near Yolla and at Gentoo
TL60 (Palaeocene) Gas Pay Instantaneous Amplitude Map with Lowest Closing Contour (white line) Gentoo-1 Rockhopper-1 Aroo-1 Trefoil and Rockhopper prospects are supported by strong seismic anomalies with structural…
3D Seismic Traverse over Trefoil field and Exploration prospects showing the gas pay response and exploration targets S N SW NE SE NW Trefoil Gas Field Rockhopper Gentoo TL40-60 Gas Pay Other Pay TF 80 Gas Pay…
Indonesia strategic acreage position accumulated (AWE 42.5-100%) oil and biogenic gas plays in Miocene pinnacle reefs At least 1 well in late 2009
Lisah 3D Horizon Slice Kujung Pinnacle Reef and Coalesced Reef Trend in Bulu and Termubu Blocks Kujung Coalesced Reefs Kujung Pinnacle Reefs 5 km
Lisah 3D E-W Seismic Traverse Pinnacle Reefs and Coalesced Reef in Bulu and Termubu Blocks w Bulu Block Terumbu Block E Coalesced Reefs Pinnacle Reefs 5km
HA LONG BAY Vietnam Block 06/94 PSC 06/94 farmed into Block 06/94 in Nam Con Son Basin in March 2009 to earn EAST JAVA SEA 23.33% Tuong Vi-1 to be drilled in modest water depths in June 09 to test large fault block in…
REGIONAL SEISMIC TIE FROM DUA TO 06-A-1X TUONG VI PROSPECT 06-A-1X DUA OIL DISCOVERY Dua Field Chim Sao Field 45 km Tuong Vi
TUONG VI (TV) PROSPECT OBJECTIVES SE NW SE 06-94-TV- 1X SecondaryObjective GAS/OIL Nam Con Son Fm Carbonates 1500 mss Primary Objective Miocene reef Carbonate reservoir target OIL Dua Fm marginal marine sst 60 mmstb…
Yemen 1 exploration well scheduled late 2009 fractured basement play in Block7
exploration 2009 assets: Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2 wells Bass Basin Trefoil/Rockhopper Perth Basin 4 wells Taranaki Basin Hoki + 3wells 1 Indonesia well 1 Yemen well Vietnam Tuong Vi-1 the planned…
the outlook
summary strong cash position strong cash generation no debt 15 well exploration program taking advantage of financial environment holding the course