A Major Emerging Unconventional Oil & Gas Province Brad Lingo, Managing Director, Drillsearch Energy Limited Tuesday, 31st May 2011
Unconventional in the Cooper Basin A Road Map Snapshot of Drillsearch The Cooper Basin An emerging unconventional province Drillsearchs unconventional footprint & approach Central Cooper Shale Gas Project Western Cooper Deep CSG…
Our Cooper Basin Assets Materiality Largest net exploration permit holder in the Cooper-Eromanga Basin 16 permits covering 23,000km2 Control of own Destiny 50% or greater interest in 15 permits 12 permits operated by…
Financial Snapshot Key Data Share Price 0.50 Shares on Issue 237M Market Cap 119M 52 Week High 0.79 52 Week Low 0.46 Average Daily Trading Volumes 230K Projected Cash* 52M FY 2010 Production Revenue 9.6M 2P Reserves…
Reserves Growth Drillsearch Conventional Reserves A significant uplift of 887% in 2P gas and liquids Reserves to 8.49MMboe 887% 2P gas and liquids Reserves growth 2P liquids Reserves increased by 363% to 3.98MMboe All current…
Three Growth Platforms Unconventional Wet Gas Oil Short, medium and long-term growth opportunities 6
What Do We Mean by Unconventional Hydrocarbon accumulations that are pervasive throughout a large area, continuous type deposits not controlled by hydrodynamic influences. Cooper Basin unconventional: Shale gas and oil, tight gas and…
Drillsearch Acreage Holding in the Nappamerri & Patchawarra Trough Areas Cross Section Drillsearch Acreage 8
Drillsearch Unconventional Position by play Approx Top of Oil Window Moomba Gas Field Challum Gas Field Approx Top of Gas Window Deep Tirrawarra PEL 91 PEL 106 PEL 107 Tight Gas/Oil Play ATP 940P 9
The Cooper Basin - Australias Petroleum Heartland Cooper Basin in context Australias largest onshore oil and gas basin. Cooper Basin Production began from the first Reserves discovery in 1963. 44+ 12 Major oil & gas production &…
Cooper Basin Reserves and Resources Cooper Gross Reserves and Unrisked resource Potential Conventional Reserves/Resources Aspirational 75% 2P Recovery Factor Cooper Basin well 2,866 PJ understood but not mature Cooper infill 2P…
Cooper Basin The Unconventional Building Blocks Well-understood basin with readily available extensive dataset of digital well and seismic Known thick accumulations of coal and shale mature source rocks Multiple unconventional play…
Cooper Basin Unconventional The Sleeping Giant Western Cooper Central Cooper Known thick accumulations of Unconventional Unconventional coal and shale mature source rocks Multiple unconventional play types tight gas, tight oil,…
Technology opening new plays in Cooper Basin Multistage Horizontal Fraccing Recognised North American technologies horizontal drilling, multi-stage fraccing, pad drilling opening recognised but untapped plays in Cooper Basin…
Drillsearchs Unconventional Footprint Key Data Production Nil Reserves (2P) Nil Contingent Nil Resources (2C) Unrisked Deep CSG = 8-17 TCF Prospective Shale Gas = under evaluation Resources (Best) PEL 106A 100% PEL106B…
Our approach to Cooper Basin Unconventional Drillsearchs approach to unconventional resources is based on 5 key principles: Activity & investment targeted to EAD Life Cycle Exploration Appraisal Delineation Focus on activity to…
Cooper Basin Shale Gas Fairway The Nappamerri Trough Extensive database on shale distribution Rich, thermally mature shale source packages throughout basin Potentially both wet & dry shale gas plays throughout basin Play fairway…
REM - the Target Shale REM Shale Gas Play: Roseneath Shale Epsilon Fm Murteree Shale REM sequence 120-400m thick across the fairway Oreo Concept similar to Bakken Fm Sweet productive zone sandwiched between source rich SHALES…
Central Cooper Basin Shale Gas Project A Potentially Large Resource (100% DLS) Area of ATP940P: 2,500km2 (630,000 acres) All wells shown have REM Sequence Present 19
Central Cooper Basin Shale Gas (CCSG) Project - Key Facts Significant conventional oil & gas potential throughout project area Project area covered by 922km of vintage 2D seismic database 256 near offset well control demonstrates…
Central Cooper Shale Gas Seismic coverage & REM Arbitary Seismic Line E-W & Seismic Line E-W N-S 21
Central Cooper Shale Gas Seismic coverage & REM Arbitary Seismic Line E-W & N-S Seismic Line E-W 220m 220m REM Shale 22
Deep CSG Target saturated coals at depths greater than 1,500m Permeability may exist at depth in CSG reservoirs Permeability may also be maintained during production Focus on dry coals Ideal reservoir characteristics for Deep…
Deep CSG Conventional exploration drilling has intersected multiple Western Cooper Unconventional thick gassy coals and shales. Deep Coal Seam Gas Mixed unconventional resource system containing deep Jurassic-Permian coal seams,…
Cooper Basin Unconventional Deep CSG Pilot Prospects Western Cooper Unconventional Next stage activity to core target shale & coal seams in top prospect areas in combination with conventional exploration, appraisal & development…
Tight Gas Long recognised as major play throughout Cooper Basin Multiple tight gas zones & discoveries throughout basin Extensive through out basin in structural, stratigraphic & continuous accumulations Historically ignored…
Commercialisation - The Changing Market Landscape Large proportion of current gas reserves in Cooper & Eastern Australia Gas Supply-Demand Southern Basins already contracted FID of major CSG-to-LNG Projects takes the high-quality…
Unconventional 2011-2012 Forward Work Program Western Cooper Central Cooper Western Cooper Unconventional Unconventional Unconventional Core and analyse gassy coals in 8 conventional wet gas wells 12 pilot production areas to be high…
Key messages DLS holds extensive unconventional resource exploration portfolio in the Cooper Basin Our activity is focused on the EAD Life Cycle The DLS portfolio includes Shale Gas, Deep CSG & Tight Gas project areas DLS holds 100%…
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