3 Oilex Snapshot - Capital Structure Raised 6 million with UK ASX and AIM-listed codes: OEX institutions December 2010 253 million shares issued Cash at 31 March A22.4 million, no debt 42.9 million unlisted options/rights 35%…
4 Strategy Portfolio rationalized Cambay tight reservoirs focus Oilex core strength is India CAMBAY Perth Gujarat Growth Engine of India *
5 Cambay Overview Acreage Cambay Basin large producing province Substantial dataset Proven reserves Large resource potential Accessible flat delta plain Environment High sustainable gas prices Large unsatisfied gas demand…
6 Cambay Tight Reservoir Project Work Program Tested Cambay-73 Q1 2011 fluid composition confirmed Cambay 76H well in progress NSAI Independent Reserves Certification - in progress Cambay-76H Early Production System (with…
7 Cambay-76H drilling under way Evaluating commerciality of extensive Eocene tight reservoirs Horizontal well Multi-stage fracture stimulation Extended production testing for decline rate Results to be used for ongoing…
8 Tight Gas Technology in India Surface Drill vertical well Fluid + proppant pumped into well bore at high pressure Kickoff US frac stimulation 1,100m MD example. Build angle Extensive artificial Drill 600m fractures…
9 Unaudited Reserve & Resource Base Cambay Eocene Reserves - Justified for Development Probability P90 P50 P10 Natural gas (BCF) 248 384 591 Condensate (MMbbls) 11 17 27 Contingent Resources - Development Pending Natural Gas…
10 Gujarat Growth engine of India One of Indias fastest growing and most industrialised states GDP growth rate 10.4% p.a. (av. 02-07) Largest producer of petroleum products, chemicals and others Major gateway for international…
11 Gas Market Gas contribution to total Estimate of gas demand power generation by industry India India India gas demand is rising fast with increasing gas fired power generation capacity Indian gas consumption growing from…
12 PSC and Fiscal Terms OEX 45% and Operator Cambay 73: Joint Venture with Gujarat State Petroleum Conventional vertical gas Corporation (GSPC) condensate Good commercial terms well - shutin 9 yrs remaining + 10 yr extension…
13 North West Shelf Gas Province WA388P Oilex 8.4% Farmout to Apache Operator OEX fully funded for La Rocca-1 well La Rocca1 No gas, excellent reservoir, 4,875m TD approx location Work program under review Seven prospects…
14 Timor Sea - JPDA JPDA 06103 Oilex 10%, Operator Significant potential in Northern part of contract area higher risk Tutuala primary lead Infill 3D seismic survey acquisition completed May Processing and interpretation in…
15 IN SUMMARY.. SUCCESS AT CAMBAY WILL TRANSFORM OILEX Oilex core strength is India Cambay Field reserves & resources are significant Cambay 76H well to de-risk project Independent certification ongoing Indian market…
16 Personnel Board & Executive Management MAX COZIJN (Non-Executive Chairman) - 31 years in listed resource companies. Director of Carbon Energy, Magma Metals, Malagasy Minerals and Energia Minerals Ltd. BRUCE McCARTHY (Managing…
17 Thick tight pay zones proven 140 - 400m gross interval across contract area Proven reserves in X+Y pay zones CAMBAY 76H Contingent Resources in Z pay zone WELLBORE PATH PROJECTED Further possible pay zones below Z zone X Zone…
Loading...
