Strategic Joint Venture with QGC for Cooper Basin Shale Gas July 2011
Agenda Transaction Overview ATP 940P - the emerging Shale Gas Fairway Why QGC Implications for Drillsearch
Drillsearch Unconventional Acreage
Transaction Overview Terms of the Joint Venture ATP 940P in the Central Cooper Basin Nappamerri Trough Shale Gas Focus Fairway in Queensland QGC commits to a five year 130 million three stage exploration and pilot production…
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…
Joint Venture Funding Mechanics QGC to fund 90m / Farm-in carry phase DLS to fund 10m of first 100m of agreed work program 37.8m DLS contributes 10% of each stage to spending cap 29.7m 18.0m 22.5m Thereafter QGC and DLS…
Agenda Transaction Overview ATP 940P the emerging Shale Gas Fairway Why QGC Implications for Drillsearch
Cooper Basin Shale Gas Fairway Focus on ATP 940P Significant prime acreage position with potential world class resource size Cooper Basin holds huge unconventional opportunity with access to existing infrastructure Holdfast 1…
Agenda Transaction Overview ATP 940P the emerging Shale Gas Fairway Why QGC Implications for Drillsearch
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…
Agenda Transaction Overview ATP 940P the emerging Shale Gas Fairway Why QGC Implications for Drillsearch
Key implications Validates the potential of Cooper Basin shale gas by a global leader in gas commercialisation Provides DLS with access to multiple gas commercialisation channels - domestic and export Access to expertise and…
Delivering on strategy Unconventional Wet Gas Oil Short, medium and long-term growth opportunities 13
Loading...
