IB IPB Petroleum ASX Code: IPB 17 July 2014 ASX ANNOUNCEMENT NOOSA MINING AND EXPLORATION CONFERENCE PRESENTATION Please find enclosed the following presentation given at the Noosa Mining and Exploration Conference today by…
B IPB Petroleum (ASX Code : IPB) www.ipbpet.com.au PRELUDE FLNG Under Development 2-3 TCF Gas 130 MMbbls Condensate BROWSE FLNG Proposed Development 15.5 TCF Gas 417 MMbbls Condensate ICHTHYS LNG Under Development 12.8…
Large Gas/Condensate Fields Deeper part of basins Browse Basin Carnarvon Basin Approx 1.6 billion bbls oil produced from oil fields along southern margin of Carnarvon Basin. Oil trapped in well Southern margin Browse Basin of…
IPB Petroleum Key Points: Attractive Economics Large Success Based Upside Strategic Browse Basin Position (14,000 sqkm) Offshore NW Australia Shallow water ( 80m) Shallow Target Reservoirs ( 700m) Potential new Oil Fairway Large…
Experienced Board Bruce G McKay 23 years experience in exploration, operation and executive management in Australia and overseas (AWE / ExxonMobil) BSc (Hons), FAICD, Fellow of the Australian Institute of Company Directors and Engineers…
3D Result Pryderi Prospect Pr (Oil discovery) : 45% (ISIS) Prospective resource : (78, 32, 12) MMbbls oil (P10, P50, P90) Spud date mid October 2014 (12 day well) Well Free carried - CalEnergy NPV10 100% (765m) IPB 40%…
Pryderi-1 Channel System 2D Seismic Pryderi-1 7
Pryderi-1 Channel System 3D Seismic Amplitude extraction at Top Gwydion gas reservoir level Shut offs Pryderi-1 8
2D Data - Amplitude Anomalies Gwydion-1, drilled 1995 Cornea Oil Field Oil discovery WA-485-P 5 MMBBL P50 Contingent Prospective Resource Resource in M.australis age (P10, P50, P90) reservoir (235,157, 108) MMbbls oil Cornea Oil Field…
Farmout to CalEnergy IPB has Farmout agreement with CalEnergy Resources (Australia) Ltd ( CE) CE is 100% owned by Berkshire Hathaway Energy CE has upstream hydrocarbon assets in Australia, UK, and Poland Key details of the…
Pryderi-1 Drill Rig Secured Recent Timeline Q4 2013 Environmental Approval received 16 Dec 2013 (NOPSEMA) Q1 2014 Completed Geophysical site survey Jan 2014 Long Lead Items ordered Appointed AGR as Well Service Operations…
Well Schematic, Time Depth Pryderi-1 Sea level (MSL) Water Depth 80m Sea bed 30x 20 Conductor 130m MSL 13-3/8 to 415m MSL Cement plug Drill open hole to target 12-1/4 660m MSL Target Zone Cement 603m MSL…
Pryderi (WA-424-P) Indicative Development Model & Economics MID CASE: 40 MMbbls Recoverable - 10 years Oil off-loaded to shuttle tanker Development drilling jack-up Dry Trees 2 well head platforms (Stag field concept) Power &…
Valuation Considerations Market Capitalisation A0.29 = 32 m, with The Value to IPB estimated (assuming 3.6m in cash (30 March) EV = 28.4 m residual 40% interest) = 306m, + 11 other M.australis leads at the same level in WA- Unrisked…
Indicative Work Program (current assets) 15
Summary and Strategy Very Large Oil Resource 619 MMbbls of oil Best Estimate Prospective Resource level Shallow Depths October 2014 drilling activity e.g. Pryderi-1 Potential NPV10 40 MMBBLS 765m (100%) (fully funded by CalEnergy…
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