Emerald Oil & Gas NL Investor Presentation July, 2011
Emerald Oil and Gas - Summary Exchange /Ticker: EMR Recent Stock Price: 0.048 Issued Shares: 785m Market Cap: 38m Cash: 8.5m Debt: None Assets/Projects: j 1. Green River Basin Shale Oil & CBM (USA : Colorado/Wyoming) 45%…
EMR Green River Basin ((GRB)) Acquisition q Acquired 45% interest in GRBJV from New Frontier Energy Inc for 10m cash and 125m EMR shares: Approx 60,000 net acres mineral leases Niobrara shale oil play, CBM and conventional gas E i ti…
Niobrara Oil Shale Players Cretaceous Interior Seaway Green River Basin DJ Basin Eagleford Shale Modified from Roberts and Kirschbaum1995
Comparison of Shale Oil Pays Buck Peak Field Nolan 1 Slater Dome Field IP 480 BOPD Drilled with Green River Basin D J Basin, Blake 33-1 air completed open hole ENTEK GRB, LLC IP 47 BOPD Jake 2-01 Eagle Ford Shale Recovered 1 1.3 3…
Niobrara Shale Oil Play Evolution DJ Basin Green River Basin Vertical wells 10 to 50 Vertical wells 10 to 500 bopd bopd EOG horizontal well (Jake Target Niobrara oil 2 01H) late 2-01H) l t 2009 IP 1500 benches 2x to 5x bopd,…
Green River Basin Niobrara Shale Oil GRBJV 55% Entek Energy (Operator) 45% Emerald Green River Basin Outline 80,000 Gross acres, 60,000 Net Niobrara oil and gas CBM 500Mcfd + conventional gas 29 km gas gathering pipeline…
Development Potential and Key Uncertainties Prospectivity Summary CBM, Niobrara oil & gas, conventional oil & gas 3 Self sourcing hydrocarbon systems in oil window Multiple oil zones in 1100 ft thick Niobrara section Horizontal…
2011 Niobrara Activity Plans A Appraise i Niobrara Ni b resource, prepare for f development d l t drilling d illi & oilil production d ti Objectives: Gather technical data to design horizontal wells in 2012 Assess Niobrara…
GRB 2011 Niobrara Drilling g Activity y 2 vertical wells 3 vertical wells 3 tto 5 vertical ti l wells ll 6 vertical wells 15 vertical wells GRB drilling success highly likely to drive acreage value up in 2011
18 Month GRBJV Capital Requirement 2011 (July Dec) Total EMR GRBJV (45%) 3 Vertical Niobrara wells 6.5 2.9 Production infrastructure 2.0 1.0 New acreage acquisition 3.0 1.4 11.5 5.2 2012 (indicative only) New acreage acquisition 3.0…
Premium Shale Oil Acreage Valuations I US C In Capital it l Markets M k t Investors willing to assign strong valuations for undeveloped resource acreage in high profile shale oil plays (Niobrara, Bakken, Eagleford, Permian,…
ASX Listed US Shale Players Valuation 8 July 2011 EMR ETE SGY SSN SEA EKA TXN AUT Bakken/ Bakken/ Shale Play Niobrara Niobrara Kreyenhagen Eagleford Eagleford Eagleford Niobrara Niobrara Williston/ Williston/ Location GRB GRB…
Immediate Plans Work closely with ETE as partner in the GRBJV Agree strategy to deliver max value from current assets Consolidate and expand GRB position with additional acreage Develop & execute 2011 field activity program Plan…
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