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Northern Browse Asset Overview – Finder Exploration Corp

Finder Exploration Corp · Aug 10, 2013 · 48 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Northern Browse Asset Overview – Finder Exploration Corp – slide 1
    FINDER EXPLORATION Opportunity Technology Knowledge People Northern Browse Asset Overview August 2013
  2. Northern Browse Asset Overview – Finder Exploration Corp – slide 2
    Northern Browse Assets AC/P 56 Cash/ 100%* Maple AC/P 44 AC/P 55 100%* 100%* Puffin Skua AC/P 52 20% AC/P 45 100%* Crux Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys Burnside Brecknock/…
  3. Northern Browse Asset Overview – Finder Exploration Corp – slide 3
    Northern Browse Assets AC/P 56 Cash/ 100%* Maple AC/P 44 AC/P 55 100%* 100%* Puffin Skua AC/P 52 20% AC/P 45 100%* Crux Argus Dominant North Browse Basin acreage position - 5 contiguous Permits Poseidon…
  4. Northern Browse Asset Overview – Finder Exploration Corp – slide 4
    40 prospects and leads over multiple play levels AC/P 56 AC/P 55 0 North 50 km Cracker Fields Gas Greater Zeta Bonza Oil Gamma Swan Prospects & Leads Zeta Oliver Fm Omega Puffin Iota Puffin L. Cretaceous Eta Kappa Skua…
  5. Northern Browse Asset Overview – Finder Exploration Corp – slide 5
    Northern Browse Basin Assets driven by 3D AC/P 56 100%* Cash/ Maple AC/P 44 AC/P 55 100%* 100%* Puffin Skua AC/P 52 20% AC/P 45 100%* Crux Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys New 3D…
  6. Northern Browse Asset Overview – Finder Exploration Corp – slide 6
    Browse Basin regional context AC/P 56 Bonza AC/P 55 Omega Zeta Gamma Iota Puffin Eta Alpha Skua Epsilon AC/P 52 AC/P 44 Nu Mu Rho AC/P 45 Keeling Montara Hydra Cronus Sphinx Sth Crux Argus Poseidon Mimia…
  7. Northern Browse Asset Overview – Finder Exploration Corp – slide 7
    Northern Browse Basin Assets Cash/ Maple AC/P 44 Puffin 100%* Skua Crux Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys Burnside Brecknock/ Calliance Moving to drill ready Page 7
  8. Northern Browse Asset Overview – Finder Exploration Corp – slide 8
    AC/P 44 Summary Permit Overview Cash/ Awarded on 15 April 2008 Permit Year Six AC/P 44 Maple 100%* 100% Operated by Finder Puffin Skua Large Permit (2,505 km2) in shallow to mod. water depth Potential for stand alone LNG Crux…
  9. Northern Browse Asset Overview – Finder Exploration Corp – slide 9
    AC/P 44 Permit status Current work program: 2,505 km2, 30 graticular blocks (was AC07-4) Permit Permit Permit Minimum Work Requirements Estimated Year Year Year Expenditure Starts Ends (indicative only A) 1 15/4/08 14/4/09 G&G…
  10. Northern Browse Asset Overview – Finder Exploration Corp – slide 10
    Omega Prospect (Triassic/Jurassic) AC/P 44 & AC/P 56 AC/P 56 AC/P 55 Shallow Amplitude Shallow Amplitude 0 North 50 hard Bonza km Cracker Greater Zeta Velocity Push 1 sec Down Gamma Zeta Gamma Swan Omega Prospect Iota…
  11. Northern Browse Asset Overview – Finder Exploration Corp – slide 11
    Omega Prospect (Triassic/Jurassic) AC/P 44 & AC/P 56 AC/P 56 AC/P 55 0 North 50 hard Bonza km Cracker Greater Zeta Gamma Zeta Swan Omega Iota Puffin soft Kappa Skua flatspot Eta Lambda Omicron Alpha Theta Epsilon…
  12. Northern Browse Asset Overview – Finder Exploration Corp – slide 12
    Omega Prospect AC/P 44 & AC/P 56 W pSTM in time E pSDM in depth with velocity overlay velocity slow = gas 0.5 sec Miocene DHI 1,000m 2,000m 1.5 sec velocityvelocity slow = slow = gas hydrocarbons Lw Cret. / Brewster Fm KC…
  13. Northern Browse Asset Overview – Finder Exploration Corp – slide 13
    Why the geochemical survey Line V10-17C 16 notional points Survey goal, to: recover hydrocarbons and type for age Line BR98-144 demonstrate thermogenic charge Page 13
  14. Northern Browse Asset Overview – Finder Exploration Corp – slide 14
    Mt. Ashmore-1B HC Charge Implication (Glikson et al. 2010) JO Depth 1. Mt. Ashmore-1B dry, but should have received HC charge from the south Visualisation (Abalone Sub-Basin) Mt Ashmore-1B 2. Mt.Ashmore-1B is an impact structure…
  15. Northern Browse Asset Overview – Finder Exploration Corp – slide 15
    Other observational evidence of hydrocarbon charge Shallow seismic amplitudes Seeps / SAR anomalies Pockmarks HRDZ FIS DHI Page 15
  16. Northern Browse Asset Overview – Finder Exploration Corp – slide 16
    Integrated Approach: RMS amps (SB+100+300ms) + incoherency (SB+100ms) + slicks 0 5 km Tiffany 3D N Cartier 3D Slicks follow seabed fault Reef Edge Slick S Present Amplitudes related to SB fault - present leakage - charge…
  17. Northern Browse Asset Overview – Finder Exploration Corp – slide 17
    Cartier 3D Pockmarks at 39T (top Grebe Sst.) A B 39T RMS amplitude Alpha extraction +20-20ms 39.5T A D B Epsilon C 0 1 km C D 39.5T 0 1 km Page 17
  18. Northern Browse Asset Overview – Finder Exploration Corp – slide 18
    Anatomy of Hydrocarbon Related Diagenetic Zone HRDZ after OBrien Page 18
  19. Northern Browse Asset Overview – Finder Exploration Corp – slide 19
    HRDZ in Vulcan Sub-basin Skua-6 Incoherency Time NW SE NW slice at 0.928sec HRDZ HRDZ Skua/Swift Oil Fields SE Montara-3 SE Incoherency NW (56T) Fault NW HRDZ Montara 56T Oil Field SE Page 19
  20. Northern Browse Asset Overview – Finder Exploration Corp – slide 20
    HRDZ in within the Tiffany 3D over Eta HRDZ Indication of Oil charge similar to Vulcan Sub-basin NW SE TO Incoherency at TO (Base Oliver Sst.) Page 20
  21. Northern Browse Asset Overview – Finder Exploration Corp – slide 21
    Brown Gannet-1 Post Well Analysis FIS, May 2012 Prion sst equiv. Oil/cond. migration M. Triassic Eocene 56T Palaeocene T M. Triassic Cretaceous JO Dry Gas signal below JO M. Triassic Oil expulsion from…
  22. Northern Browse Asset Overview – Finder Exploration Corp – slide 22
    Northern Browse Basin Assets AC/P 56 100%* Cash/ Maple Puffin Skua Crux Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys Burnside Brecknock/ Calliance Moving to drill ready Page 22
  23. Northern Browse Asset Overview – Finder Exploration Corp – slide 23
    AC/P 56 Summary Permit Overview Cash/ Awarded on 11 July 2013 Permit Year One AC/P 56 Maple 100%* 100% Operated by Finder Puffin Skua Large Permit (2,845 km2) in shallow to mod. water depth Potential for stand alone LNG Crux…
  24. Northern Browse Asset Overview – Finder Exploration Corp – slide 24
    AC/P 56 Permit status Current work program: 2,845 km2, 34 graticular blocks (was AC11-1) Permit Permit Permit Minimum Work Requirements Estimated Year Year Year Expenditure Starts Ends (indicative only A) Currently in Yr 1 1…
  25. Northern Browse Asset Overview – Finder Exploration Corp – slide 25
    Northern Browse Basin Assets Cash/ Maple Puffin Skua AC/P 45 Crux 100%* Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys Burnside Brecknock/ Calliance Moving to drill ready Page 25
  26. Northern Browse Asset Overview – Finder Exploration Corp – slide 26
    AC/P 45 Summary Permit Overview Cash/ Maple Awarded on 15 April 2008 Permit Year Six 100% Operated by Finder Puffin Skua Large Permit (2,590 km2) in shallow to mod. water depth Potential for stand alone LNG (Permian &…
  27. Northern Browse Asset Overview – Finder Exploration Corp – slide 27
    AC/P 45 Permit status Current work program: 2,590 km2, 31 graticular blocks (was AC07-5) Permit Permit Permit Minimum Work Requirements Estimated Year Year Year Expenditure Starts Ends (indicative only A) 1 15/4/08 14/4/09 G&G…
  28. Northern Browse Asset Overview – Finder Exploration Corp – slide 28
    Zeta Prospect (Permian) AC/P 45 & AC/P 55 Cash/ 3D = 864 km2 Maple Puffin JO Skua Zeta Permian Gas Triassic Crux AC/P 45 TR Argus 100%* Permian Poseidon Concerto/ Prelude Carboniferous & Older Cornea parallel substrate…
  29. Northern Browse Asset Overview – Finder Exploration Corp – slide 29
    Zeta Prospect (Permian) AC/P 45 & AC/P 55 AC/P 56 AC/P 55 North 0 50 Bonza km Cracker Greater Zeta JO Gamma Zeta Swan Omega Zeta Iota Puffin Permian Gas Kappa Skua Eta Lambda Triassic Omicron Alpha Theta Epsilon…
  30. Northern Browse Asset Overview – Finder Exploration Corp – slide 30
    Alpha Prospect Delta-1 Cartier 3D extraction - Full stack Cash/ 3D = 864 km2 Maple Alpha prospect Puffin Skua Crux AC/P 45 Puffin targets 56T Argus 100%* T 67T Poseidon Concerto/ 68T Prelude KC Cornea JO Torosa Ichthys…
  31. Northern Browse Asset Overview – Finder Exploration Corp – slide 31
    JO Depth (m) A Leakage on 2D seismic east of AC/P 45 Line of Prion-1 section Delta-1 Projected NW 2kms Alpha Projected NW 1kms Prospect projected AC/P 45 A HRDZ KC KV JO TR A A Page 31
  32. Northern Browse Asset Overview – Finder Exploration Corp – slide 32
    Northern Browse Basin Assets AC/P 55 100%* Cash/ Maple Puffin Skua Crux Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys Burnside Brecknock/ Calliance Defining the portfolio Page 32
  33. Northern Browse Asset Overview – Finder Exploration Corp – slide 33
    AC/P 55 Summary Permit Overview Cash/ Maple Awarded 4 May 2012 Permit Year Two 100% Operated by Finder Puffin Skua Large Permit (2,675 km2) in shallow to mod. water depth AC/P 55 100%* Potential for stand alone LNG and/or oil…
  34. Northern Browse Asset Overview – Finder Exploration Corp – slide 34
    AC/P 55 Permit status Current work program: 2,675 km2, 32 graticular blocks (was AC11-2) Permit Permit Permit Minimum Work Requirements Estimated Year Year Year Expenditure Starts Ends (indicative only A) 1 4/5/12 3/5/13 License 80…
  35. Northern Browse Asset Overview – Finder Exploration Corp – slide 35
    Bonza Prospect AC/P 56 AC/P 55 JO TWT North 0 50 Bonza km Cracker Cartier Greater Zeta Trough JO TWT (sec) Gamma Zeta Swan Omega S Iota Puffin Kappa Skua Eta Lambda Omicron Alpha Theta Epsilon Chiron Cronus Mu…
  36. Northern Browse Asset Overview – Finder Exploration Corp – slide 36
    Current 2D and 3D database Onnia TR89A Cartier MC3D AC/P 55 Year 1 Cartier MC3D commitment Finder licensed Page 36
  37. Northern Browse Asset Overview – Finder Exploration Corp – slide 37
    1,052 km of 2D seismic reprocessing in house 87JB 607 km BR98 42 km 1,052 line km of 2D repro + data from tapes T90 92 km H283A 216 km HV7 95 km TOTAL 1,052 km Just north of Cracker Page 37
  38. Northern Browse Asset Overview – Finder Exploration Corp – slide 38
    Seismic reprocessing example line 87JB-58 W E Recent to Pliocene 5.2S Miocene- Oligocene TO Puffin T C Challis/ Cretaceous R Pollard C JO R Lwr Jurassic -Upr Triassic Original Reprocessed Page 38
  39. Northern Browse Asset Overview – Finder Exploration Corp – slide 39
    Potential new 3D acquisition Onnia TR89A Notional 400 km2 Year 3 commitment Cartier MC3D AC/P 55 Year 1 Cartier MC3D commitment Finder licensed Page 39
  40. Northern Browse Asset Overview – Finder Exploration Corp – slide 40
    North Browse Opportunity 4 Permits 10,600 sq km across 4 Permits AC/P 44, AC/ P45, AC/P 55 and AC/P 56 Low forward work program commitments across the Permits with no drill commitments: Geochemical seabed sampling and 400 km2 new 3D…
  41. Northern Browse Asset Overview – Finder Exploration Corp – slide 41
    Northern Browse Basin Assets Cash/ Maple Puffin Skua AC/P 52 20% Crux Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys Burnside Brecknock/ Calliance Moving to drill ready Page 41
  42. Northern Browse Asset Overview – Finder Exploration Corp – slide 42
    AC/P 52 Summary Permit Overview Cash/ Maple Awarded on 26 May 2009 Permit Year Five Puffin 20% Finder, Sasol 30%, Shell 50% and Operator AC/P 52 Skua Large Permit (2,170 km2) in 450 to 1,330 m water depth Drill location 740…
  43. Northern Browse Asset Overview – Finder Exploration Corp – slide 43
    AC/P 52 Permit status Current work program: 2,170 km2, 26 graticular blocks (was AC08-7) Permit Permit Permit Minimum Work Requirements Estimated Year Year Year Expenditure Starts Ends (indicative only A) 1 26/05/09 25/11/10…
  44. Northern Browse Asset Overview – Finder Exploration Corp – slide 44
    What is Cronus low risk Structural closure confirmed by NEW 3D 3D = 517 km2 pSDM seismic survey Cronus Cronus maximum areal extent 140 km2 AC/P 52 Argus Montara, Plover and Nome sandstone targets Poseidon Lower Plover Fm. 670…
  45. Northern Browse Asset Overview – Finder Exploration Corp – slide 45
    Cronus Prospect - large resource Cronus is BIG Structural closure confirmed by NEW 3D pSDM seismic survey top Lower Plover Formation reservoir at 4,360 metres sub-sea (3,620 metres below mudline) maximum areal extent 140 km2 350…
  46. Northern Browse Asset Overview – Finder Exploration Corp – slide 46
    Cronus Prospect - many commercialisation options Through: Ichthys LNG FLNG (eg Prelude/Concerto) Browse LNG/FLNG Poseidon Brownfield development will be cheaper & demand continues 72 mtpa existing & under construction…
  47. Northern Browse Asset Overview – Finder Exploration Corp – slide 47
    AC/P 52 - Finder 20% - Cronus drill in 2015 AC/P 56 AC/P 55 North 0 50 Bonza km Cracker Greater Zeta Gamma Zeta Swan Omega Iota Puffin 140 km2 Kappa Skua Eta Lambda Omicron Alpha Cronus Theta Epsilon Chiron Cronus…
  48. Northern Browse Asset Overview – Finder Exploration Corp – slide 48
    End Opportunity Technology Knowledge People

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