SEAAOC 2014 Robbert de Weijer Chief Executive Officer August 2014 ASX:AJQ
Presentation Overview 1 Overview of Northern Australia and Armour Energy 2 What will it take to realise the opportunities 3 Results to date / plans Egilabria-2 well site, Queensland
Northern Australia an emerging new oil and gas province with the majors moving in and activity levels increasing Armours NT and QLD tenements 4
Armour is an Oil and Gas Company aiming to become a large supplier of energy to domestic and overseas markets. Key statistics Share price performance last 12 months 40 2.5 ASX ticker AJQ 35 2 30 Issued shares 301.4m Share…
Tenure covers multiple sedimentary basins across QLD and NT; high quality and liquids potential Prospective resources: 21.4 TCF 2,043 MMbbl Contingent resources (Bcf): 1C 2C 3C 2.4 6.0 10.3 Prospective resources: 22.5 TCF…
Tenure covers multiple sedimentary basins across QLD and NT; high quality and liquids potential Prospective resources: 21.4 TCF 2,043 MMbbl Contingent resources (Bcf): 1C 2C 3C 2.4 6.0 10.3 Prospective resources: 22.5 TCF…
What is our exploration and funding strategy to create value Strategy: 1 Staged de-risking of large unconventional plays 2 Farmout selected tenements as acreage matures 3 Pursue early cash flow opportunities Armours NT and…
Presentation Overview 1 Overview of Northern Australia and Armour Energy 2 What will it take to realise the opportunities 3 Results to date / plans Egilabria-2 well site, Queensland
NT and Queensland governments support the industry and are striving to provide an effective regulatory regime Recent changes to the Petroleum and Gas in Queensland tenure reform has positively impacted the industry. Changes to…
Australian east coast market opportunity A rapid increase in LNG export demand means the market will require new sources of supply and investment in pipeline infrastructure. East coast annual potential shortfalls Source: AEMO 2013…
Good nearby infrastructure and Heads of Agreement with APA provides for connection to a multiple markets 13
Staged approach to cash flow generation current focus on de-risking large unconventional plays and early monetisation Major GSAs and gas export Pipeline connected to Mt Isa NT/QLD : regional gas 300PJ demand billion+ pa…
MOU with MMG Century for gas supply to MMGs QLD operations Highlights MMG Century Mine and Armours Queensland ATPs To evaluate potential for expanded existing or new build power generation Study to evaluate supply of 7 to 9 PJs…
Presentation Overview 1 Overview of Northern Australia and Armour Energy 2 What will it take to realise the opportunities 3 Results to date / plans Egilabria-2 well site, Queensland
Northern Territory Glyde 1 discovery 3 million scf* per day from 600m depth. Opportunity for early cash flow 17 * Up to 3.3 mmscf/d on 64/64 choke 125 psi (Source: Armour, August 2013)
NT - Conventional and multiple large unconventional plays with low work programme commitments Work commitments in the NT are low Significant investment to date has assisted long term licence retention Work to date has focussed…
Conventional and multiple large unconventional plays in NT with low work programme commitments Work commitments in the NT are low Proposed seismic program Significant investment to date has assisted long term licence retention…
Queensland - first horizontal well in Australia to produce gas from shale; maiden 1C/2C/3C contingent resources (360 Bcf 3C, 64km2) Egilabria 2 / 2DW 1 well designs Lawn shale fairway ( 1500 km2) 20
QLD ATP1087 results indicate very strong shale play potential Total organic carbon (TOC) content is world class Typical min. TOC for World class TOC eg. Armour Energy TOC viable shale play Marcellus Shale (USA) Lawn/Riversleigh…
Work done to date, exploration and appraisal time line To date Plan To date 2014 2015 2016 Wel l s Sei s mi c Gra vi ty Cos ts (m) Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Northern Territory Field work: Expl ora tion wel l s 5 24 2-4 2D s ei…
Summary Queensland and NT tenements Northern Australia: 1. Emerging major oil and gas province 2. Supportive governments 3. Low social impact 4. Close to hungry markets Armour Energy: 5. A strong board and management team 6. Great…
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