CORPORATE UPDATE & EP487 Derby Block Update NWS Scale Potential Wet Laurel Basin Centred Gas (BCG) July 2015
Corporate Snapshot. Directors Kim McGrath Executive Chairman (Founder) Oil Basins has access via long-term arrangements to Neil Doyle Director & CEO (Founder) highly experienced corporate, geology & engineering Nigel Harvey Non-Executive…
OBL has an established portfolio in strategic locations with all reserves & resources under SPE PRMS (2011) Permit EP 487 100% Backreef Area (Derby Block) USO P50 391 MMbbls Gross USG P50 3D-GEO 18.7 Tcf & 462MMbls HIGH LEVERAGE…
Update Derby Block Ownership Resolved. Company advised that after close of market 29 May 2015 it reached Settlement on the ownership and way forward for Permit EP487 (Derby Block), whereby in summary: OBL holds 50% and is operator of…
Company is an experienced Canning Operator Backreef-1 (2010) Hunt Rig3 East Blina-1 (2012) Dynamic Rig17 1800 m TD 4.5m 1195 m TD 2.5m Oil Basins Limited (OBL) since mid-2010 has drilled two exploration wells: Backreef-1 (October…
Derby Block Location and Land Use EP 487 (the Derby Block) is situated in the Fitzroy Trough of the Canning Basin. Block is over 5000 sqkm (circa 1.25 million acres) no significant native vegetation or fauna issues have been…
Derby Block Great Address for Prospectivity & Infrastructure Thick Wet Marine Shale of right age: EP 487 (the Derby Block) is an excellent location for wet Laurel BCG in the Fitzroy Trough of the Canning Basin. Permit contains a…
Recent Exploration Success has focused on Shallow Conventional Oil and Deeper BCG Recent nearby successful exploration led by Buru since 2010 has delineated two predominate plays. Conventional Play Shallow Laurel age Dolomitic /…
Derby Block Update Current Operations Operations: Permit Granted on 14 March 2014. EP 487 Derby Block (OBL 50% and Operator) field operations concluded in late September 2014 (Settlement imminent with Rey Resources) EP 487 Derby…
Derby Block EP487 Current Year 1 Work Program 500km 2D Seismic Survey Click to edit Master subtitle style
Conventional Potential centred around the Yeeda Rise Click to edit Master subtitle style
Attributes Derby Block (EP 487) USG Derby Block Laurel BCG is in general deeper and thicker. eg: Line WS82-109 is an E-W vintage line through East Yeeda-1 (drilled to 3557m TD 1985) East Yeeda-1 Seismic Line WS82-109 Rosetta…
3D-GEO Laurel Facies Distribution: Derby Block has a significant mapped gross rock volume of potential wet Laurel BCG The static geological model has been used to indicate geological changes across the permit. The model shows the…
Unconventional Inputs for Monte Carlo Simulations Name Unit Shape Min P90 P50 P10 Max Mode Mean Gross Rock Volume (GRV) GRV km2.m Lognor 138,552 431,728 1,007,720 2,352,173 7,329,360 650,667 1,254,096 Deg. of fill % Single 100 100 100…
Derby Block is well positioned for Wet Laurel Basin Centred Gas (BCG) OBL 50% and 2% ORRI Click to edit Master subtitle style Bounded by oil discoveries in the north, Derby Blocks Wet Laurel BCG is potentially he Sweet Spot…
Derby Block Farmin & Operatorship Opportunity OBL seeking a Third Party Farmin for upto the entire 6 year work program (ie 2D seismic and drilling and testing of up to 6 wells) Under terms of the agreed Deed of Settlement, OBL has…
OBL has a Strategic Alliance Agreement with LNG Limited OBL has secured potential access to an Export LNG market in the event of large USG discoveries technology is based upon relatively low cost LNG Limiteds OSMR technology. OBL…
Investment Case exposure to Fitzroy Trough Wet Laurel BCG Company ASX Code Mar Cap Operator Wet Laurel Gross Ownership Net IER PRMS SPE (2011) Comments Share Price ps 3-Jun-15 BCG Area Net Area SPE PRMS (2011) P50 Resources to 4000m…
Investment Case Other Assets OBL has an attractive portfolio of highly prospective exploration and appraisal assets. Backreef Area Canning Basin (OBL 100% & Operator) 1 oil discovery Backreef production test Shallow Dolomites and…
Backreef Area Operations Tight Oil / USO OBL Group 100% beneficial rights to Backreef Area OBL finalised the rehabilitation of East Blina-1 sump in September/October and is fully compliant with DMP Environment. Final Environmental…
Backreef Area Deep Tight Oil / USO Shallow Oil Play With the second farmin obligation well at East Blina-1 completed by 31 October 2012. The Backreef Area beneficial ownership is OBL Group 100%. During 2012, OBL tested the…
Backreef Deep-1 Re-entry Planning & Infrastructure. Backreef Area Well site Tracks OBL owned water well Backreef Deep-1 Kimberley Well site Downs-1 3000m well Alternate Well site 3000m well Camp Click to edit…
Farmin / Acqusition opportunities Gippsland Basin Oil Basins Limited (OBL) owns 100% SHELF OIL which together with OBL each holds 50% Permit Vic/P47 (two gas discoveries Judith and Moby Location) and 17.5% Permit Vic/P41 both…
Gippsland Basin: Operated Assets 100% Vic/P47 Subject to NOPTA approval, OBL holds 100% interest in Vic/P47, split 50% direct by OBL and 50% held by its 100% owned subsidiary Shelf Oil. OBL / Shelf Oil on title (25%) in July 2014.…
Attributes Vic/P47 Judith Gasfield Near-Angle Stack and Well Synthetics new QI / AVO study New QI/AVO VIC/P47 Study will focus upon deeper Judith potential estimated by former operator at Judith gas sands circa 300 Bcf…
Attributes Vic/P47 large prospective potential OBL holds 35.465% held direct interest is 17.965% Vic/P41 and its wholly owned subsidiary Shelf Oil owns 17.5%. Combined interest 35.465% Net P50 Prospective Resources estimated…
Operated Assets Offshore Carnarvon 100% OBL 100% and 2% ORRI OBL Proposed Development Plan Series of EWTs Undeveloped Booked Reserves 3.0 MMbbls 2P Taunton Oil Field with potential for further future upsides Circa 2P 6.5 MMbbls…
Attributes Cyrano Oil Project Nearby to Airlie Island Jetty & 2 x 150,000 storage tanks, gas lift & gas/water separation facilities Field defined by 4 vintage wells and modern 3D seismic (est. over 50 million expenditure 2014).…
Glossary of Petroleum Terms M Thousand PSTM Pre-stack time migration reprocessing MM Million method used with seismic B Billion PSDM Pre-stack depth migration reprocessing method used with seismic converting stb Barrel of crude oil (ie…
Technically innovative State-of-the-art seismic analysis New play concepts High leverage Click to edit Master subtitle style ASX: OBL www.oilbasins.com.au