Capitalising on Unconventional Gas in the Cooper Basin Brad Lingo, Managing Director, Drillsearch Energy Limited Tuesday, 23 August 2011
Agenda Drillsearch an Overview Unconventional throughout the Cooper Basin Emerging Nappamerri Shale Gas Fairway Drillsearch-QGC Cooper Basin Shale Gas JV Commercialising Cooper Unconventional Gas Technology changing the…
Our Cooper Basin Assets Materiality 15 permits covering 23,000km2 Control of own Destiny 50% or greater interest in 13 permits 12 permits operated by Drillsearch Existing Production 13 oil fields in production New Production…
Financial Snapshot Key Data Share Price 0.495 Shares on Issue 305M Market Cap 151M 52 Week High 0.76 52 Week Low 0.37 Cash 50M FY 2011 Production Revenue* 14.4M 2P Reserves** 8.5MMboe 2P + 2C Reserves & Resources**…
Three Growth Platforms Unconventional Wet Gas Oil Short, medium and long-term growth opportunities 5
Cooper Basin Unconventional Resources Cooper Basin landscape is drastically changing with increasing focus on unconventional resource potential January 2009 Santos announces booking of 590MMboe of Cooper Basin Unconventional…
Cooper Basin Unconventional The Sleeping Giant Western Cooper Central Cooper Well-understood basin Unconventional Unconventional Extensive dataset of open file wells and seismic Known Mature Source Rock accumulations of thick…
Unconventional Plays Across the Basin Drillsearchs position Cross Section 8
Unconventional Plays Across the Basin Drillsearchs position Moomba Gas Field Approx. Top of Oil Window Approx. Top of Gas Window REM Shale Target Deep Tirrawarra PELs 91, 106 & 107 Tight Gas/Oil Play ATP 940 P 9
Cooper Basin Shale Gas Fairway The Nappamerri Trough Extensive database on shale distribution Rich, thermally mature shale source packages throughout fairway Potentially both wet & dry shale gas plays throughout fairway EIA…
REM - the Target Shale REM Shale Gas Play: Roseneath Shale Epsilon Fm Murteree Shale REM sequence 120-400m thick across the fairway Oreo Concept Sweet productive zone sandwiched SHALES between source rich shales Target REM Shale…
Cooper Basin Shale Gas Fairway Focus on ATP 940P ATP 940P Shale Play features: 2,000 km2 (500,000 acres) in the shale gas fairway Well & sequence stratigraphic correlation indicate REM package thickens into permit Little thinning…
Cooper Basin Shale Gas Fairway Focus on ATP 940P ATP 940P Shale Play features: 2,000 km2 (500,000 acres) in the shale gas fairway Well & sequence stratigraphic correlation indicate REM package thickens into permit Little thinning…
Our approach to Cooper Basin Unconventional Drillsearchs approach to unconventional resources is based on 5 key principles: 1. Activity & investment targeted to EAD Life Cycle Exploration Appraisal Delineation 2. Focus on activity to…
Shale Gas Exploration Program Stage 1* Stage 2 Stage 3 FDD 2011 Jun 2013 Aug 2014 June 2016 25m 33m 72m Seismic Exploration drilling Production pilot testing 1,000km 2D seismic reprocessing Two vertical exploration Four appraisal…
Why QGC A global gas major QGC as part of the BG Group, brings relationships that facilitate commercialisation of world class gas resources Multiple gas commercialisation channels Currently developing the QCLNG development in…
Commercialisation - The Changing Market Landscape Large proportion of current gas reserves in Cooper & Eastern Australia Gas Supply-Demand Southern Basins already contracted FID of CSG-to-LNG Projects takes low cost CSG out of the…
Commercialising Cooper Unconventional Gas What we know What we need to establish Multiple unconventional plays present Gas contents & composition Conventional drilling shows these Production type curves plays are gas & liquid charged…
Commercialisation Shale Well Cost Scenarios 19
Combining Conventional & Unconventional Increasing Opportunity Most successful unconventional plays were discovered through conventional activities Unconventional plays share same foot print as conventional fairways Many existing…
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…
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 The DLS-QGC…
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