Disclaimer and Competent Persons statement Disclaimer This presentation has been prepared by Empire Oil and Gas NL [EGO] for general information purposes only. The presentation is not and should not be considered as an offer or…
COMPANY OUTLINE
MANAGEMENT AND CORPORATE STATISTICS Board of Directors Shares on Issue Managing Director Craig Marshall 6,294,307,442 Petroleum Geologist Director Dr Bevan Warris Share Price as 26 August Petroleum Geologist 2013 1.5 - 1.6 cent…
SHARES PRICE AND MARKET CAP Empire is an ASX listed independent oil and gas company that has been focused in the Perth Basin for over 15 years. Empire's aim in 2014 is to increase market capitalisation to 200 million Share price…
FINANCIAL OUTLOOK
FINANCE FUNDING ACROSS THE BASIN FARMOUT Macquarie Capital REVENUE RED GULLY FACILITY CONDENSATE SALES Condensate Sale Agreement with BP Priced off Brent crude oil price Daily deliveries circa 500 barrels per day RED GULLY FACILITY…
BASIN WIDE FARMOUT Macquarie Capital Australia Ltd has been engaged as Corporate Advisor to seek a basin-wide farm-out partner. Empire is searching for a strategic partnership to accelerate drilling and development of its…
HIGH EQUITY STANDING IN THE PERTH BASIN EMPIRE PERMIT INTEREST RED GULLY FACILITY & SURROUNDINGS EP389 76.39% EP440 87.50% NORTH PERTH BASIN EP368 80.00% EP426 46.91% EP437 65.00% EP454 50.00% EP454 (SHALLOW) 63.33% EP430 100.00%…
HIGH EQUITY STANDING IN THE CARNARVON BASIN EMPIRE PERMIT INTEREST EP435 & 90% PRODUCTION LICENCE L-16 100% (ROUGH RANGE OIL FIELD) EP359 86.6% EP444 100% EP466 (MARDIE OIL FIELD) 100% EP325 36.10% EP433 88.80% EP434 90.00%…
UNIQUE OPPORTUNITY TO GAIN ACCESS TO DOMINANT LAND POSITION, PROSPECTIVE CONVENTIONAL AND UNCONVENTIONAL TARGETS AND EXISTING PRODUCTION. Proven operator over 15 years experience in the Perth Basin. Production and cash flow from…
RED GULLY GAS AND CONDENSATE PROCESSING FACILITY Gingin, Western Australia
DISCOVERY WELLS Gingin West-1 Flowed at a stabilised rate of 7.5 MMCFGD and 375 BCPD. No depletion. Condensate yields are rich at 50 barrels of condensate for every 1 million feet of gas. Assay of both gas and condensate confirmed as…
Drilling the Red Gully-1 well
REVENUE FROM THE FACILITY Empire Oil & Gas NL (Empire Oil Company (WA) Limited) Operator 76.39% ERM Power Limited (ERM Gas Pty Ltd) 23.61% ALCOA OF AUSTRALIA Alcoa of Australia Limited are the largest consumer of gas in Western…
BP AUSTRALIA PTY LTD & BP REFINERY KWINANA PTY LTD Empire announced a Condensate Supply and Purchase Agreement on 9 August 2013 with BP. The Agreement includes strict new safety methods for the delivery of crude into the Kwinana…
B&J Catalanos pocket road train haulage truck taking condensate to the BP Refinery Kwinana
FACILITY DETAILS The Facility is the first dedicated gas and condensate processing facility in the Onshore Perth Basin. The design suits specification for both the DBNGP and the BP Refinery Kwinana: Compression was required for gas…
CONSTRUCTION Earthworks Civil Works Construction August 2012 October 2012 Pipeline Works Equipment Installation October 2012 October 2012 April 2013
COMPLETION AND COMMISSIONING OF RED GULLY FACILITY Gas and Condensate Deliveries to BP and Alcoa Begin (June-August 2013)
EXPLORATION
ONSHORE PERTH BASIN INFRASTRUCTURE 11 new commercial oil and gas fields discovered over past Two natural gas pipelines (the Dampier- 10 years. They include: Bunbury and Parmelia pipelines) Beharra Springs North (20 Bcf) Cliff Head…
ONSHORE PERTH BASIN Empire holds 11 Exploration Permits and is the operator in all permits. The permits cover an area of 3.6 million gross acres and offers: Access to at least six proven petroleum systems in the conventional plays…
ONSHORE CARNARVON BASIN Extensive land position with high working interest in over 3.4 million gross acres over 11 permits that are prospective for both conventional and unconventional exploration. Empire is the operator across all…
EXPLORATION PROGRAMME FOCUS ON THE PERTH BASIN Proven productive Basin with numerous producing oil and gas fields. Improved understanding of the Basin together with the acquisition of 3D Seismic Surveys led to improved commercial…
NORTH PERTH BASIN THREE WELL CAMPAIGN Empire has a three well oil conventional drilling campaign in the North Perth Basin, WA. Wells will be drilled when the DMP grants approvals for Drilling Programmes and Environmental Plans in…
Dunnart-2 EP437, North Perth Basin Fault dependent closure Shallow 670 metre well The primary reservoir objective is the Bookara Sandstone sealed by Kockatea Shale Up-dip from oil shows in Dunnart-1 Located immediately north of…
Black Arrow-1 EP432, North Perth Basin Large tilted fault block Shallow 1000 metre well The primary reservoir objective is the Arranoo Sandstone Reservoir within the Kockatea Shale Section The Arranoo Sandstone is interpreted to…
Charger-1 EP454, North Perth Basin Four way dip-closed anticline mapped from Garibaldi 2D Seismic Survey resulting in the Charger Structure Anticlinal structures like Charger are rare in the Perth Basin Shallow 1000 metre well The…
NORTH PERTH BASIN NORTH ERREGULLA EP426 and EP368 Located near Mingenew, WA. 100km2 3D North Erregulla Seismic Survey to be undertaken early 2014 upon wheat fields being harvested. Designed to provide conventional drilling…
EP389 DRILLING PROGRAMME GINGIN GASFIELD AND WANNAMAL AREA A two-three well drilling campaign planned in 2014 for the area adjacent to the Red Gully Facility. Area was subject to the Wannamal 3D Heliseismic Survey to define…
SEISMIC ACTIVITIES
WANNAMAL 3D HELISEISMIC SURVEY It is the first helicopter borne survey of its size in the Onshore Perth Basin, Western Australia. The 80km2 Wannamal 3D Heliseismic Survey commenced on 18 April 2013 and was completed on 5 June,…
NEW TECHNOLOGY Empire is dedicated to using new exploration technology whenever possible to obtain the best quality data for its exploration activities. Heliseismic method was adopted to reduce the environmental footprint on the…
UNCONVENTIONAL POTENTIAL
EMPIRES UNCONVENTIONAL POTENTIAL RPS Services Pty Ltd conducted an independent study on five of Empires 11 Perth Basin permits, which had existing seismic survey data available. EP440 and EP389 - Unconventional Gas - EP440 un-risked,…
Loading...
