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INVESTOR PRESENTATION – 88 Energy Limited

88 Energy Limited · Dec 11, 2012 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PRESENTATION – 88 Energy Limited – slide 1
    Investor Presentation December 2012
  2. INVESTOR PRESENTATION – 88 Energy Limited – slide 2
    Overview Experienced Board and Management Highly prospective acreage in Morocco with 25% equity in four drillable prospects with total unrisked recoverable oil of 867 MMbbl (P50) exploration program (including drilling) fully…
  3. INVESTOR PRESENTATION – 88 Energy Limited – slide 3
    Board and Management Ms Eve Howell Executive Chairman Mr Max de Vietri Non Executive Director Ms Howell is an experienced explorationist, executive Max is a graduate geologist with 38 years of international and company director having…
  4. INVESTOR PRESENTATION – 88 Energy Limited – slide 4
    Company Overview KEY STATISTICS AS AT 5 DECEMBER 2012 ASX TPT, TPTOA, TPET AIM Total Ordinary Shares: 132,554,576 Total Listed Options: 44,149,645 Total Unlisted Options: 22,775,087 Number of Shareholders: 1,455 Top 20…
  5. INVESTOR PRESENTATION – 88 Energy Limited – slide 5
    Company Acreage 7
  6. INVESTOR PRESENTATION – 88 Energy Limited – slide 6
    Morocco 8
  7. INVESTOR PRESENTATION – 88 Energy Limited – slide 7
    Investment Highlights Location: East Atlantic Margin offshore NW Morocco 8 permits, 11,282 km, with water depth generally < 200 m Under-explored location with only 4 wells drilled 1 well per 3,750 km 3 wells 1960s, 1 commitment well…
  8. INVESTOR PRESENTATION – 88 Energy Limited – slide 8
    Tarfaya Regional Stratigraphy and Play Types Contains all elements necessary for successful exploration (source, trap, seal, migration, reservoir) Working petroleum system seen throughout permit, oil seeps and onshore oil shale mine…
  9. INVESTOR PRESENTATION – 88 Energy Limited – slide 9
    Tarfaya Multiple Hydrocarbon Indicators Onshore Cretaceous oil shale mine Prolific Upper Cretaceous oil shale present in entire block Oil stains and gas kicks in historical wells. Jurassic oil stain in MO-8 well, (38.5 degree…
  10. INVESTOR PRESENTATION – 88 Energy Limited – slide 10
    Tarfaya Extensive Seismic Database Extensive seismic data coverage to mature prospects and leads 19,494 km of existing 2D seismic data (2,828 km reprocessed in 2011) 580 km2 of 2006 vintage 3D seismic (reprocessed in 2011)…
  11. INVESTOR PRESENTATION – 88 Energy Limited – slide 11
    Tarfaya Jurassic Prospects Prospects In Place and Prospective Resources (MMbbls) * Unrisked Unrisked STOIIP Recoverable Oil (MMbbls) (MMbbls) Prospect P50 P10 P50 P10 Trident 2,115 5,273 423 2,109 TMA 956 3,262 191 1,305…
  12. INVESTOR PRESENTATION – 88 Energy Limited – slide 12
    Tarfaya Upper Jurassic - Assaka Upper Jurassic Kimmeridgian-5 Horizon Fore reef and reef core underneath Assaka 4-way dip closure with areal extent of 132 -302 km2 Target Depth 2700-2800m No wells penetrate prospect 14
  13. INVESTOR PRESENTATION – 88 Energy Limited – slide 13
    Tarfaya Middle Jurassic Trident Prospect Middle Jurassic Bathonian-5 Horizon Reef or grainstone shoals 4-way dip closure, areal extent of 293 -704 km2 Target Depth 3000-3600m MO-4 outside of P50 closure area 15
  14. INVESTOR PRESENTATION – 88 Energy Limited – slide 14
    Tarfaya Lower Jurassic - TMA Prospect Lower Jurassic Toarcian-7 Horizon Reef Core directly underneath Assaka 4-way dip closure with areal extent of 135 - 794 km2 Target Depth 3900 - 4600m No wells penetrate prospect 16
  15. INVESTOR PRESENTATION – 88 Energy Limited – slide 15
    Tarfaya Jurassic La Dam Prospect 3 Reservoirs, Upper, Middle and Lower Jurassic Structural and stratigraphic traps, areal extent of 8-69 km2 Target Depth 3000-5500m No wells penetrate prospect 17
  16. INVESTOR PRESENTATION – 88 Energy Limited – slide 16
    Australia: Assets WA 442 P and NT/P81 Exploration Permits TPT 90% WI (Operator) Ansbachall 10% 250 km southwest of Darwin LNG hub - multiple drill ready prospects HOA signed with CWH Resources. Funding A35 million to earn 70%…
  17. INVESTOR PRESENTATION – 88 Energy Limited – slide 17
    Australia WA-442-P, NT/P81 Strategically located in the Southern Bonaparte Basin offshore Australia, 250 km southwest of Darwin -the Northern Australian gas and LNG hub. TPT currently operates 90% Post farm down: CWH 70%…
  18. INVESTOR PRESENTATION – 88 Energy Limited – slide 18
    Australia WA-442-P, NT/P81 Turtle-Barnett Turtle and Barnett oil fields discovered in 1984/85 and appraised in 1989 Multiple oil bearing reservoirs intersected on the Turtle Barnett structures Produced 750-920 BOPD (38 API) on…
  19. INVESTOR PRESENTATION – 88 Energy Limited – slide 19
    Australia WA-442-P, NT/P81 Milligans Fan Oil Play Competent Persons Report completed on Milligans Fan oil by ISIS Petroleum Consultants. 14 identified leads, 8 structural traps and 6 combination structural/stratigraphic in nature.…
  20. INVESTOR PRESENTATION – 88 Energy Limited – slide 20
    Australia WA-442-P NT/P81 Nova Prospect Mean gross undiscovered unrisked gas initially in place of 6.93 TCF with an mean unrisked gross prospective gas resource of 3.46 TCF. Reservoir: Late Devonian - Early Carboniferous Bonaparte…
  21. INVESTOR PRESENTATION – 88 Energy Limited – slide 21
    Australia WA-442-P and NT/P81 Seismic Program Comprehensive regional and detailed 2D seismic coverage across WA-442-P and NT/81 9,200 km of 2D and 600 km2 of 3D both in and adjacent to WA- 442-P & NT/P81 Tangiers has…
  22. INVESTOR PRESENTATION – 88 Energy Limited – slide 22
    Australia NT/P83 Tangiers won NT/P 83 Exploration Permit in August 2012 Prospectivity is in Palaeozoic to Mesozoic sediments Water depth is less than 200 m Acreage is surrounded by wells with oil and gas shows Large Evans…
  23. INVESTOR PRESENTATION – 88 Energy Limited – slide 23
    Proposed Activities Future Planned Activities Morocco Finalise: Transfer of operatorship to Galp Energia Assaka 3D Seismic Interpretation Assaka 3D Seismic processing Plan drilling campaign Drill well Australia Finalise:…
  24. INVESTOR PRESENTATION – 88 Energy Limited – slide 24
    Current Status Two recent transactions result in the Company being fully carried through exploration programs over next 18 months 3D seismic acquisition and three wells Repayment of Morocco past costs (7.5million) and refund of…
  25. INVESTOR PRESENTATION – 88 Energy Limited – slide 25
    Corporate Information Registered Office Share Registry Joint AIM Broker Level 2, 5 Ord Street, Perth WA 6005 ASX: Computershare Old Park Lane Capital Plc Investor Services Pty Ltd Shore Capital Stockbrokers Limited Postal Address ASX:…
  26. INVESTOR PRESENTATION – 88 Energy Limited – slide 26

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