DUG BRISBANE Cooper Basin Unconventional Opportunities and Challenges 28 August 2013
The Search for Hydrocarbons Wisdom from the past D U G B R I S B AN E We usually find oil in a new place with old ideas. Sometimes, we find oil in an old place with a new idea, but we seldom find much oil in an old place with an…
Company snapshot D U G B R I S B AN E Three business units: Oil Production, development & exploration Key Data Wet Gas Production, development & exploration Share Price (24 August 2013) (A/sh) 1.355 Unconventional Exploration…
2013 Business Highlights D U G B R I S B AN E Corporate Successfully completed two A50 million capital raises. Completed an all-cash takeover offer of Acer Energy Limited. Put in place a A100 million acquisition bridge facility…
Key Factors Driving Interest in the Cooper Basin D U G B R I S B AN E Three key factors are changing the Cooper Basin and driving investor interest: - Growth in Oil Production - Dramatic growth in Oil exploration success and the…
A Leap of Faith D U G B R I S B AN E 7
What do we mean by Unconventional D U G B R I S B AN E 8
Entire Permian section is prospective D U G B R I S B AN E Over 10 years of unconventional pay logging points to potential of entire Permian Concept of a continuous gas column over mixed lithology Emerging Unconventional Play…
A play fairway driven approach - Unconventional D U G B R I S B AN E Source: Geoscience Australia 10
A play fairway driven approach - Unconventional D U G B R I S B AN E Source: Geoscience Australia 11
Unconventional Plays Regional Distribution D U G B R I S B AN E 12
Unconventional wells drilled in the Cooper Basin D U G B R I S B AN E 13
Cooper Basin Unconventional Size of the Prize D U G B R I S B AN E Remaining Reserves and Resources Source: Core Energy Group, May 2013 14
Changing Landscape for the Cooper Basin D U G B R I S B AN E Market factors fostering a Cooper Basin renaissance. . . LNG demand has transformed markets Oil-linked pricing improves commerciality CSG ramp up complexity is real…
East Australian Gas Market Supply-Demand Changes D U G B R I S B AN E Majority of East Coast domestic gas supply contracts expire Eastern Australia Gas Supply-Demand over the 2012-2017 period. Demand View that domestic gas demand…
Cooper Basin Unconventional Challenges D U G B R I S B AN E Early stage unconventional programmes are facing expected challenges Limited service company options Equipment availability limitations Supply chain constraints…
Cooper Basin Unconventional - Challenges D U G B R I S B AN E What we know What we need to establish Multiple unconventional plays present Gas content & composition Conventional drilling shows these Production type curves plays are…
Our approach to Unconventional D U G B R I S B AN E Drillsearchs approach to unconventional resources based on: Activity & investment targeted to EAD Life Cycle Focus on activity to establish the 3 Ps for the resource The 3 Ls…
Conclusions D U G B R I S B AN E Multiple unconventional resource plays identified and are the target of existing exploration and appraisal programs Unconventional plays sit in the same footprint with proven conventional plays…
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