FINDER EXPLORATION Opportunity Technology Knowledge People L11-5 (STP-EPA-0055) Overview May 2013
L11-5 (STP-EPA-0055) Executive Summary Permit Overview Permit award to Finder Shale after Native Title negotiation Agreed to enter into good faith negotiations on 3 Aug. 12 Permit is 4,610 km2 in the onshore Canning Basin Shale play…
L11-5 location & offset activity 1. Finder preferred applicant for L11-5 on 26 June 2012 2. No significant remaining vacant acreage with majors taking positions Yulleroo Appraisal Valhalla Appraisal 3. Buru with Mitsubishi…
Metrics from recent Buru Energy acquisitions Gross Net Consideration / sq km / acre area area (km2) (km2) Backreef Oil - 5/07-8 EP 5,062 2,531 A3.5 million 1,383 5.6 Gujarat - EP457 5,038 4,534 A36.0 million 3,704 15.0 Gujarat -…
Finder Shale - valuation NEW AUST BASINS Buru November 2012 Slide 5
Canning Basin & US shale basins size comparison United States Western Australia Onshore Canning Basin 764 tcf Resource estimate from USGS, 2011 Maps to approximately the same scale Page 6
Canning Basin - depth to basement & main tectonic elements Argo Abyssal Plain (Oxfordian & Younger Oceanic Crust) Outline of Canning Basin Depth to Basement from FROG Tech, 2005 (m) Kimberly Block L11-5 Pilbara Block…
Comparison of L11-5 to Australian & US Oil/Gas Shale Basin Parameter Bakken Barnett Eagle Ford Cooper Basin Perth Basin Canning Basin L11-5 Area (mi2) 6,522 5,000 3,323 46,000 12,560 181,000 1,780 sq mi (4,610 km2) Roseneath-…
Maturity within the oil window High geothermal gradient (high basement) - Target Depths Shallower Maturity confirmed by Buru & NSE L11-5 L11-5 From Buru Energy Corporate presentation From Ghori, 2011 14 Nov 2011 Page 9
Core analysis 1. Conventional well and mineral borehole cores located in Core Library in Carlisle, WA 2. Purpose: assist in L11-5 evaluation and evaluate core for future geochemical and geomechanical analyses 3. From first pass…
Ordovician Hydrocarbon Occurrences superimposed on Top Nita Depth Map (derived from wells) Thangoo-1A Depth in Metres (ss) Goldwyer: oil bled from cores, Goldwyer-1 fluor, tr gas Goldwyer: tr oil in Willara: minor oil stain…
Conventional targets expressed as surface anticlines The Release Area leads based on high resolution topographic grid data. 1. Five conventional play levels identified: DD86SS4 (Mineral Hole) Carina 1 (Petroleum Hole) Seismic Line…
Well design based on 2012 Schlumberger engineering study 9.625 in Csg 47.00 lbm/ft 300 m 8.500 in 0% Excess 1400 m Section OH Casing Depth Surface 12 9 5/8 300 m 1,600-1,800m Production 8 - 1,400 1,760 m in 16-18…
Technical Summary Summary Ordovician Maturity -(Bongabinni, GoldwyerNita III & Goldwyer) 1. World class mature source rocks with significant Oil Window potential for shale liquids (oil). Analogue is the Ordovician Isochron TWT…
Contact Details For further information on this presentation please contact: Don Pyke Commercial Manager email: d.pykefinderexp.com Phone: +61 8 9327 0155 Fax: +61 8 9327 0101 Website: www.finderexp.com Visit: 9 Richardson…