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CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp.

Zodiac Exploration Corp. · Oct 12, 2011 · 37 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. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 1
    Speaker: Murray Rodgers, President & CEO Canaccord Genuity Global Energy Conference Miami Beach October 12 & 13, 2011 0
  2. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 2
    Executive Summary Proof Of Concept Identify large scale resource opportunities, acquire right acreage and apply proven Strategy technologies to create exceptional value for shareholders Major Oil Play with Significant Focused on San…
  3. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 3
    Zodiac Milestones September 2010 Gas Plant Site Lease December 2010 Spud 4-9 test well August 2008 July 2010 February 2011 Initial Funding 18.1 mm 1-10 Permit Filed Acquire Panther 3D September/October 2011 May 2009 April 2010…
  4. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 4
    Why The San Joaquin Basin Great Geology World class source rocks Stacked resource plays Data indicates excellent rock properties Legacy Vertical Wells have produced Data Delineation De-risking Resource Potential Large…
  5. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 5
    Zodiac Focus Area Resource Play Check List Well data indicates excellent source rocks and reservoir rock properties Stacked Resource Plays & Conventional Targets Not a binary play (more than one target) Generating Source…
  6. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 6
    Existing Infrastructure Californias crude pipelines originate principally from Kern County 21 refineries in California with a total input capacity of 2.1 MMBbl/d Pipelines in Kings County flow north to SF Bay area to refineries…
  7. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 7
    World Class Source Rocks 3 Billion Bbls produced in immediate project area Oil Window Zodiac 4-9 Test Well Wet Gas Gas Oxys Kern Field Potential discovery of 200 MMBoe. Largest discover in California in 35 years…
  8. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 8
    Oil Charged Fractured System Outcrop Bouguer Gravity Data 3D seismic Mud log shows Photomicrographs Ongoing Outcrop Sandstone showing micro- fractures on grains Studies New Gravity Interpretation 50 sq. miles new…
  9. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 9
    Stacked Resource Targets + Conventional Plays Zodiac 4-9 Zodiac 1-10 9
  10. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 10
    Resource Potential - Vaqueros TPIIP Equal to or greater than any one of several ENTIRE light oil PLAYS in Western Canada 10,000 25% 9,000 19% 8,000 20% 7,000 Recovery factor - % 6,000 15% 13% 12% 12% mmbbl 5,000…
  11. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 11
    Resource Potential Large Target Size 2010 Resource Assesment (Sproule) Mean TPIIP 4.2 Billion Bbls Whepley / Vaqueros Formation net 80% to ZEX Kreyenhagen / Monterey / Conventional = large unrecognized upside Zodiac Target…
  12. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 12
    4-9 Wellbore Completion Program Tested 4 segregated intervals in the well with the goal of: Obtaining reservoir parameters (perm, pressure, etc) Collecting frac data (frac gradient, closure stress, etc) On each zone: DFIT to…
  13. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 13
    Outcrop Model for the Play 500 bpd 100 bpd 1,000 bpd Fractures Connect Source and Reservoir Rock and Enhance Productivity 13
  14. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 14
    Organic Rich Shales Feed Oil into Silty Units Bakken-like model Confirmed the Model using a systematic step-wise approach Petrophysical Log and Core Analysis enhance targeting precision (4-9 log suite) Calibration of log…
  15. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 15
    The Whepley-Allison Model Zodiac 4-9 Test rates of 13 to 30 bopd primarily from shale Best part (silts) 50 not fully tested due to wellbore limitations Upper Whepley Allison Shaly siltstone between laminated organic-rich…
  16. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 16
    Fractures at the Microscopic Level Plate 1: 13586 Core Depth [13598 Log Depth] Perf Interval: 13590-13620 Log Depth 16
  17. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 17
    Kreyenhagen Model: Bakken analogue with greater vertical thickness Testing + Core Original Model: Source Core + New Model: Source shales Petrophysical shales act as reservoir Log Evaluation + charge adjacent silty reservoir rocks…
  18. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 18
    Upper Kreyenhagen One of Several Targets 30 thick First horizontal target; tested 24 bopd to 120 bopd without damage in 4-9 60 thick Eagle Ford Comparison Early Development (12 wells) Vertical Well Hz Well 100 thick EUR Range…
  19. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 19
    Regional Kreyenhagen Potential 30 30 Kreyenhagen 60 16 Formation thickness is increasing to south 120 100 Silt content increases south and west Maturity increasing southwest 40+ 80 70 19
  20. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 20
    Sources & Reservoir Targets Whepley and Kreyenhagen are self-sourcing reservoir targets Vaqueros is a reservoir target sourced from Kreyenhagen or Whepley WHEPLEY UPPER VAQUEROS LOWER VAQUEROS UPPER KREYENHAGEN LOWER…
  21. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 21
    Possible Explanation for Water in Lower Vaqueros in Zodiac 4-9 4-9 1-9 STEPS (FAULTS) Bitumen staining in core 5,000 bbls kill fluid injected 21
  22. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 22
    Significant Potential in the Vaqueros 4-9 1-10 Vaqueros Formation 100 feet untested oil bearing section in U. & L. Vaqueros; good oil shows in 650 core & mudlogs TEST Domengine 22
  23. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 23
    Additional Testing Opportunities in the Kreyenhagen Kreyenhagen Formation 800 Domengine 23
  24. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 24
    Zodiac 1-10 Well Deepened to 16,950 feet Deeper Targets 24
  25. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 25
    Zodiac Acreage Domengine Moreno 25
  26. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 26
    Base Kreyenhagen to TD (1,750 feet total section) Hydrocarbon shows over several intervals Base Kreyenhagen / Top Domengine Oil shows Oil Shows from Mudlogs Gatchell Sand Characteristics 400 feet Gas/oil Thick Porous…
  27. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 27
    Moreno Formation-High Mud Gas and C1-C5 readings Indicator Resistivity Total Gas Porosity Source Gamma Shale Sonic SAN JOAQUIN BASIN GR NPSS DT Log 0 150 0.6 0 120 20 Log Depth(ft) 16680 0 GR 150 0.6…
  28. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 28
    Next Steps: 1-10 Horizontal Well Drill first horizontal target in the Upper Kreyenhagen silt Run packer/sleeve system in horizontal lateral Multi-Stage Fracture Stimulation 4-9 Minimum 8 stages 1-10 1-10 Trajectory on UK…
  29. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 29
    Moving Ahead Proof of Concept Phase 4-9 Vertical Test Well Far exceeded expectations Data Quality/Quantity Prospective Targets 1-10 Horizontal Well Identified additional deeper targets below Kreyenhagen Drilling first horizontal…
  30. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 30
    Board and Management 30
  31. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 31
    Senior Management Team 30 years worldwide E&P experience and most recently President & CEO of Trident Exploration where he led the companys technical team from start-up to 200 MMcfe/d of gross operated production Murray Rodgers Held…
  32. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 32
    Board of Directors 32 years worldwide exploration experience 20 years of experience in senior technical and management roles with ExxonMobil and direct Clay Robinson Chairman involvement in the discovery of over one billion barrels…
  33. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 33
    Shares and Shareholders 33
  34. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 34
    Shares Outstanding and Ownership Zodiac Exploration Inc. Zodiac Exploration Inc. (millions) (millions) (1) Total Basic Shares Outstanding 359.2 Principals' shares in Escrow 60% 18.4 Dilutive Securities: 2008 Warrants 14.5 Principal…
  35. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 35
    4-9 Completion Summary 35
  36. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 36
    4-9 Completion Summary 4-9 Wellbore Whepley (13,590 13,620) 5 bbl DFIT 135,000 lbm hydraulic fracture treatment Lower Vaqueros (14,045 14,075) 20 bbl DFIT 90,000 lbm hydraulic fracture treatment Upper Kreyenhagen (14,360…
  37. CANACCORD GENUITY GLOBAL ENERGY CONFERENCE – Zodiac Exploration Corp. – slide 37
    Contact Information Randy Neely CFO Direct: 403.444.7848 Email: randyzodiacexploration.ca Murray Rodgers President and CEO Direct: 403.444.7844 Email: murrayzodiacexploration.ca Louisa DeCarlo EVP and COO Direct: 403.444.7841 Email:…

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