40 prospects and leads over multiple play levels AC11-1 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…
Northern Browse Basin Assets driven by 3D AC11-1 AC/P 55 100%* 100%* Cash/ Maple AC/P 44 Puffin 100%* Skua AC/P 52 55%* AC/P 45 Crux 100%* Argus Poseidon Concerto/ Prelude Cornea Torosa Ichthys New 3D…
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…
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…
Omega Prospect (Triassic/Jurassic) AC/P 55 Cash/ Shallow Amplitude Shallow Amplitude North Maple 0 50 hard Bonza km Cracker Greater Zeta Velocity Push 1 sec Down Gamma Zeta Gamma Swan Omega Prospect Iota Omega soft…
Omega Prospect (Triassic/Jurassic) AC/P 55 Cash/ North Maple 0 50 hard Bonza km Cracker Greater Zeta Gamma Zeta Swan Omega Iota Puffin soft Kappa Eta Skua flatspot Lambda Omicron Alpha Theta Epsilon Chiron Cronus…
Omega Prospect 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 4,000 Montara…
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
AC/P 45 Summary Permit Overview Cash/ Awarded on 15 April 2008 Permit Year Six Maple 100% Operated by Finder Puffin Skua Large Permit (2,590 km2) in shallow to mod. water depth Potential for stand alone LNG (Permian &…
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…
Zeta Prospect (Permian) 3D = 864 km2 Cash/ Maple Puffin JO Skua Zeta Permian Gas Triassic Crux AC/P 45 TR Argus 100%* Permian Poseidon Concerto/ Prelude Carboniferous & older Cornea parallel substrate W E Torosa…
Zeta Prospect (Permian) AC/P 55 Cash/ North Maple 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 Chiron Cronus Mu…
Alpha Prospect Delta-1 Cartier 3D extraction - Full stack 3D = 864 km2 Cash/ 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…
AC/P 55 Summary Permit Overview AC/P 55 Cash/ Awarded 4 May 2012 Permit Year Two North 100%* Maple 0 50 Bonza km Cracker 100% Operated by Finder Greater Zeta Zeta Swan Large Permit (2,675 km2) in shallow to mod. water depth…
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…
Bonza Prospect AC/P 55 JO TWT North AC/P 55 Cash/ Maple 0 km 50 100%* Cracker Greater Zeta Bonza Cartier Trough JO TWT (sec) Gamma Zeta Swan Omega S Iota Puffin Kappa Skua Eta Lambda Omicron Alpha Theta Epsilon…
Current 2D and 3D database Onnia TR89A Cartier MC3D AC/P 55 Year 1 Cartier MC3D commitment Finder licensed Page 24
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 25
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 26
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 27
AC11-1 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 0 1…
North Browse Farm-Out 4 Permits 10,600 sq km across 4 Permits AC/P 44, AC/ P45, AC/P 55 and AC11-1 Low forward work program commitments across the Permits with no drill commitments: Geochemical seabed sampling and 400 km2 new 3D data…
AC/P 52 Summary Permit Overview Cash/ Maple Awarded on 26 May 2009 Permit Year Five 55% Operated by Finder, Sasol farmed in for 45% (Dec 09) Puffin AC/P 52 Skua Large Permit (2,170 km2) in 450 to 1,330 m water depth Drill…
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…
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…
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…
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…
Cronus Prospect Summary 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 Mu Sigma Nth Keeling AC/P…