A Major Emerging Unconventional Oil & Gas Province Brad Lingo, Managing Director, Drillsearch Energy Limited Tuesday, 3rd May 2011
Financial Snapshot Key Data Share Price 0.62 Shares on Issue 207M Market Cap 128M 52 Week High 0.79 52 Week Low 0.50 Average Daily T/O 250K Cash (31/03/11) A8.5M FY 2010 Production Revenue A9.6M 2P/2C Oil Reserves &…
2011 Excellent Prospects and High Activity Oil Wet Gas Unconventional 5 well drilling program - Initial development of, Secured major position Targeting 3.5 to 7.5MMbbls Brownlow, Canunda, in Cooper Shale Gas recoverable (gross)…
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 &…
Significant Geographical Footprint Purely Cooper Basin focused High working interests Ownership and activity focused on proven play fairways A balanced portfolio which includes: Oil and gas with liquids Production Near term…
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…
Significant Geographical Footprint Unconventional Key Data Production Nil Reserves (2P) Nil Contingent Nil Resources (2C) Unrisked Prospective Deep CSG = 10-20 TCF Resources (Best) Shale Gas = under evaluation PEL 106A 100%…
Cooper Basin Unconventional The Sleeping Giant Known thick accumulations of Central Cooper coal and shale mature source Unconventional rocks Multiple unconventional play types tight gas, tight oil, shale gas & deep CSG Good gas…
Cooper Basin Shale Gas Condensate and Oil Fairway Extensive database on shale distribution Rich, thermally mature shale source packages throughout basin Potentially both wet & dry shale gas plays throughout basin Play fairway…
ATP 940 Top Permian Temperature Map A POTENTIALLY LARGE RESOURCE Area of ATP 940P: 2,546.4km2 or 629,229.1 acres A CHANCE OF OIL, GAS & CONDENSATE ATP 940 is on the southern margin of the Permian Nappamerri Half Graben the…
Nappamerri Trough Cooper-Eromanga Basin ATP 940 (DLS 100%) is 2,546.4km2 in extent, with the shale present through out the area. Drillsearch suggests in-place 20-100TCF, based on the Roseneath-Epsilon-Murteree (REM) sequence thought…
Tight Oil Major tight oil plays in deep Permian present across N/NW Basin Patchawarra Trough 80% of oil in Cooper Basin is in Early Permian meander-belt and braided stream sandstone reservoirs Largest oil fields developed to date…
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 /zones Historically…
Deep CSG Conventional exploration drilling has intersected multiple thick gassy coals and shales. Western Cooper Unconventional Deep Coal Seam Gas Mixed unconventional resource system containing deep Jurassic-Permian coal seams,…
Cooper Basin Unconventional Deep CSG Pilot Prospects Western Cooper Unconventional Deep CSG unrisked Prospective Resources estimated at 10-20TCF recoverable Next stage activity to core target shale & coal seams in top prospect…
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…
Unconventional Resources Pathways To Market Access to multiple market opportunities via CSG LNG existing and future infrastructure. Ramp Gas Develop key relationships to access development technologies and new Export LNG…
Drillsearch Unconventional Project Pipeline - Analogues Deep CSG Prospective Resources 10-20TCF (gross) Unita/Piceance Tight Oil TBD Cardium Shale Gas Prospective Resources TBD 20-200BCF/KM2 GIS Bakken/Barnett Tight Wet Gas TBD…
Investment Proposition Near-term Catalysts Oil drilling success Our 5 well program (PEL 91) Material Reserves upgrades Conversion of contingent Resources to Reserves Wet Gas Commercialisation Developing our existing discoveries…
A Balanced Portfolio Reservoir Eng Explore Appraise / 3D Seismic Production + G&G Work Wells Develop ATP 299P - Tintaburra ATP 299P - Tintaburra ATP 299P - Tintaburra ATP 539P ATP 539P ATP 539P Oil ATP 549P ATP 549P ATP 549P…
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