Unlocking our energy future: the potential value of the Canning Basin Phil Thick, Managing Director August 2013
Contents 1. New Standard Energy company overview 2. Global shale gas position 3. Onshore Australia 4. Canning Basin 5. WA energy market 6. The opportunity, the challenges and the road to market 2
Company overview Positioned for growth in the emerging shale sector Corporate overview NSE share performance over past two years New Standard Energy ASX:NSE Ordinary shares 305.3m Unlisted rights 2.12m Market capitalisation…
Company overview Strategically positioned for WA energy market Large Acreage Position in Strong, Growing Market Merlinleigh Project, onshore Carnarvon Basin 100% equity & operator 5,800km2 (1.4m acres) with conventional and…
Planned drilling program Data acquisition focus New Standard recently secured Enerdrill Rig 3 for a multi well program over the next 18 months Contract is for two firm wells plus two options One firm well in late 2013 (Merlinleigh…
Global shale gas Huge global potential for shale gas 95 major shale basins in 41 countries Source: US Energy Information Administration 6
Global shale gas Comparison of 2011 EIA/ARI Study and Current EIA/ARI Study of Assessed World Shale Gas Resources 2011 2013 Technically Technically Continent Recoverable (Tcf) Recoverable (Tcf) North America (Ex. 1,069 1,118…
The rise of US shale Game Changing Results + Global Impact US Energy Information Agency predictions: US to overtake Saudi Arabia as worlds largest oil producer by 2020 North America to become net oil exporter around 2030 US…
Onshore Australia: a rapidly emerging sector International majors continue to increase their presence in the Australian unconventional sector 21 Feb 2013 22 February 2011: 30 Sep 2011: PetroChina Hess - 55m 20 June 2012: Corporate…
Putting the Canning Basin into perspective Independent assessments of Goldwyer shale formation in the Canning Basin provide strong support for Industry players focus: Canning Basin: Canning Basin Risked Gas In Place: 1,227Tcf…
Acreage grab in the Canning Basin Most prospective acreage already locked up 11
WA energy market Attractive exploration environment Favourable Onshore Outlook WA Onshore Gas Demand-Supply Equation Sustained upward pressure on WA gas TJ/day prices 1600 1400 Limited existing supply side alternatives 1200 Shale…
IMOs Gas Statement of Opportunities The rise of shale & tight gas There are several medium to long-term challenges confronting the WA LNG industry, these include: potential changes to international LNG supply; the potential end of…
Balancing the expectations Domestic Gas vs. Robust Export Market Western Australia is already supported by a healthy domestic gas market coming from the North West Shelf Domestic gas prices are high relative to the east coast due to…
Domestic gas price outlook Prices likely to remain high until forecasted 2022 15
The road to development Challenges of exploring in the Canning Basin Remoteness Most prospective shale gas prospects are in remote, frontier locations Challenges include Lack of infrastructure Limited geological understanding…
How do we unlock the potential value De-risk the project Opening the frontier Invest now in infrastructure Building the crew Partner with experience global operators Building the knowledge base Understand your acreage Informing…
For more information contact: Phil Thick, Managing Director +61 8 9481 7477 infonewstandard.com.au
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