Value focused Methodical delivery ASX / AIM: OEX November 2014
Highlights: Foundations for value and growth Oilex has a diversified oil and gas portfolio, is focused on countries adjacent to the Indian Ocean Rim having proven onshore hydrocarbon provinces. Strategy Becoming a leading onshore…
Highlights: Key value drivers India Australia Located in Indias industrial heartland Captured entire play fairway Multi zone development potential Long term potential Proven petroleum system Low cost entry High liquids content…
Transition: To sustainable production and cashflow Cambay, Bhandut, Indian Ocean Rim focus India 2005+ Onshore tight reservoir plays India Cambay 45% interest 75MMboe net 2C resource Bhandut 40% interest Production and…
Oilex in India: A compelling proposition Large, discovered, independently certified resource base Proven petroleum system - 38 wells penetrated the Eocene formation (X & Y) Directly applying US technology Premium gas market,…
India: Background Entered India 2005 Operator for Cambay and other PSCs Gujarat State Petroleum Corporation Ltd (GSPC) Major partner 55% to 60% equity From entry to 2010 3D seismic survey acquired 7 conventional wells drilled…
Cambay: Highlights Field resource 167MM Boe Commercial Environment Independently Certified 2C by NSAI Significant gas demand within 15km 50% liquids, 50% gas Infrastructure with capacity Oil price international benchmark Acreage…
Cambay: Proven oil and gas Geology proven to deliver Cambay-11 Y flowed trace oil and gas Cambay-76H Cambay-63 2,800m of prospective Cambay-05 X 0.20 MMscfgd + 157 bcpd Y produced little oil section Y 4.1 MMscfgd + 170 bcpd…
Cambay-77H: Operational performance Well Design 350m horizontal lateral 4 stages x 2 fractures per stage Plug and perf completion Schedule Spud to TD 19 days* Production completion 6 days Total rig days 49 days Fracture…
Cambay-77H: Proof of concept achieved Drilling operations Efficient drilling operations Repeatability of directional drilling capability Y zone reservoir Hydrocarbon saturated and no free water Properties are laterally consistent…
Cambay Comparison: Range Resources (NYSE: RRC) The experience of others helps shorten the learning curve at Cambay Field The progress at Cambay compares favourably to other experiences in a new basin. Range Resources Corporation…
Cambay: Substantial upside in four deeper zones Additional potential independently assessed by NSAI Undiscovered P50 gross in-place volumes Gas: 12.6 Tcf Liquids: 11,592 MMbbls Unrisked P50 gross prospective resources Gas:…
Cambay: Independent resource estimate (NSAI) Unrisked Contingent Resource Estimates (near term production and cash) Low (1C) Best (2C) High (3C) Oil MMstb Gas BCF Oil Gas Oil MMstb Gas BCF MMstb BCF Gross in place 831 672 1,633…
India: Cash neutral operations leading to profitability Current Cambay activities Delivery of Cambay-77H Cambay-73 Gas sales agreement approved Application to sell Cambay-77H gas submitted Future Cambay activities Enhance oil…
Australia: Canning Basin background Strategic rationale: Low-cost entry, concentrated prospectivity Canning Basin Long-term growth potential and diversity Canning Basin acreage (4.4 million acres) SPA 17 AO 2.8 million acres…
Western Australia: A global resource centre 17 oilexltd
Canning Basin: Wallal Graben revealed by seismic Jump correlations with regional seismic data infer A near-complete Ordovician sequence is preserved L12-08 STP-EPA-0106 Possible thick Goldwyer Formation - primary source rock…
Wallal Graben: New gravity survey proves the story Conducive to efficient exploration 15km wide 200km long within Oilex areas Prospectivity Conventional and unconventional Leads and prospects being compiled Drilling in 2017…
Oilex: Investment opportunity India Strategic focus Production, cash flow and reserves to increase Production up 257% from last quarter Targeting cash neutral operations in 2015 Cambay operations Multi-well drilling campaign in…
Company Profile: Board and Management Team Max Cozijn Appointed as Non- Executive Chairman in 2003. Over 32 years experience in administration of Pete Bekkers listed companies Appointed Chief Geoscientist in 2007 more than 17 years…
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