ASX ANNOUNCEMENT 17 April 2015 UGAS 2015 Conference Presentation Please find attached a copy of a presentation to be delivered by Drillsearch Managing Director Brad Lingo at the UGAS 2015 Conference, to be held today in…
UGAS 2015 17 APRIL 2015 A Portfolio Approach to Unconventional Exploration
Introduction to Drillsearch The only ASX200 company focused solely on the Cooper Basin 3 DRILLSEARCH UGAS 2015 CONFERENCE
Drillsearch Strategy Three Growth Platforms Unconventional Longer-dated value opportunities Wet Gas Pathway to growth Oil Short-to-medium term cash generator Unconventional complements Conventional Oil and Wet…
Unconventional Value Milestones Completions Risk How to extract the resource and at what cost Reservoir Risk Do the rocks contain hydrocarbons Profitability Development Producability Commercial Prevalence Demonstration…
Unconventional How to Build a Commercial Project Key variables determining profitability of an unconventional project Observable Gas Price Changes over time Early indications Production Rate More wells, refined approach,…
Unconventional Stimulated Pay Model Plenty of gas but with rocks too tight to allow migration Mature coals and shales of Patchawarra Formation are self-sourcing Permian tight sandstones, siltstones, coals and shales provide major…
Unconventional Identifying Sweet Spots Depth Gas Content Pressure Gradient Liquids Content Temperature CO2 Coal/Sand Thickness EUR & Qi per Well Maturity & Rank Well Cost 8 DRILLSEARCH UGAS 2015 CONFERENCE
Gas Fairways Patchawarra Trough Vs Nappamerri Trough Shallower Cooler Wetter Deeper Hotter Drier Source: DMITRE Patchawarra Trough generally more liquids-rich with less CO2, and at lower pressure and temperature 9…
Unconventional A Portfolio Approach 10 DRILLSEARCH UGAS 2015 CONFERENCE
Northern Patchawarra Unconventional Plays and Work Program PEL 101 Conventional and unconventional pay at Ginko-1, Wimma-1 and Crocus South-1 Jute-1 to test tight sands early FY2016 Secondary target Deep Coal play PEL 570…
Northern Patchawarra Unconventional Tight Sands Score Card Element +VE -VE Details Depth Deep play (2,700 3,700 m) Pressure Gradient Potential for moderate overpressure Temperature Normal temperature gradient expected Regional…
Northern Patchawarra Unconventional Deep Coal Score Card Element +VE -VE Details Depth Deep play (2,700 3,700 m) Pressure Gradient Potential for moderate overpressure Temperature Normal temperature gradient expected Coal Thickness…
Western Patchawarra Unconventional Plays and Work Program Beach JV Shallow Tight Sands and Coals Proposed test of gassy coal zone in Baird-1 in shallow Patchawarra Trough (2,660 m) Shallow tight gas sands play potential at…
Western Patchawarra Unconventional Tight Sands Score Card Element +VE -VE Details Depth 2,200 to 3,000 m Pressure Gradient Normally pressured Temperature Normal temperature gradient Sand Thickness Well penetrations show good sand…
Western Patchawarra Unconventional Deep Coal Score Card Element +VE -VE Details Depth 2,200 to 3,000 m Pressure Gradient Normally pressured Temperature Normal temperature gradient Coal Thickness Multiple thick coals have been…
Nappamerri Trough ATP 940 Current drilling program completed - four wells drilled to target depth Production testing of Charal-1 and Anakin-1 completed and both wells now shut-in for pressure build up: Charal-1 peak flow rate of…
Conclusion Multiple plays shale, tight gas, deep coal Well understood fairways in mature region, complementing conventional exploration Favourable long-term outlook good rocks, access to market, stable regulatory framework…
HEAD OFFICE LEVEL 18 321 KENT STREET SYDNEY NSW 2000 PH: +61 2 9249 9600 FX: + 61 2 9249 9630 E: ADMINDRILLSEARCH.COM.AU W: WWW.DRILLSEARCH.COM.AU Please contact for further information DUDLEY WHITE GM CORPORATE COMMUNICATIONS
Loading...
