FOUNDATIONS FOR VALUE AND GROWTH Oilex has a diversified oil and gas portfolio, focused on Indian ocean rim countries with proven onshore hydrocarbon provinces. Strategy Leading onshore tight oil and gas producer in India Tight…
INDIA: COMPELLING INVESTMENT PROPOSITION India is the worlds fifth largest energy consumer with a significant unsatisfied gas demand and associated high sustainable gas prices Gas demand remains strong, Gujarat State with gas fired…
OILEX IN INDIA: INVESTMENT HIGHLIGHTS Strong Domestic Highly conducive energy market fundamentals in Gujarat, strong gas demand for power generation and P Economy industrial uses, competing with predominantly imported LNG, with a middle…
GUJARAT: GAS PIPELINE NETWORK TO THE NATION Cambay Field Page 5
CAMBAY GOING FORWARD Page 6
PROVEN OIL AND GAS 45% interest and operator Acreage Cambay Basin: large oil province Cambay Field: 161 km (40,000 acres) Multiple productive reservoirs Geology proven to deliver 2,800m of prospective section 38 wells penetrated…
RESERVES & CONTINGENT RESOURCES Reserves and Resources estimate prepared by RISC as at 1 April 2015 Refer to ASX announcement dated 16 April 2015 Estimated Cambay Field Reserves 1P* 2P 3P Gas C5+ Gas C5+ Gas C5+ Y Zone Bcf MMbbls…
2015-16 WORK PROGRAM* 2 Firm wells C-78H (core + 1400m Hz/18 fracs) C-80H (core + 700m Hz/8 fracs) Frac number & design, finalised after core analysis 2 Contingent Wells C-79H (core + 1400m Hz/18 fracs) C-81 (deep pilot hole +…
ILLUSTRATIVE GAS PRODUCTION OUTLOOK 10,000 4,500.0 3 well production profile justifies C-80H C-78H C77H Cum production 5MMscfd gas plant 9,000 4,000.0 Likely C-78H and C-80H will have 8,000 3,500.0 to be constrained Cumulative gas…
PLANS 2016 & BEYOND 2P Reserves support estimated 50MMscfd production plateau rate Estimated well count 34 Engineering studies to optimise production plan Planning and preparation for multi well drilling campaign Long lead items…
UPSIDE IN FOUR DEEPER ZONES Independently assessed Undiscovered P50 gross in-place volumes Gas 12.6 Tcf Unrisked P50 gross prospective resources Gas: 934 Bcf The estimated quantities of petroleum that may potentially be recovered…
CAMBAY-73 FACILITIES PRODUCTION START-UP MAY 2015 Page 13
BHANDUT FIELD: HARVESTING CONVENTIONAL GAS Bhandut Field 40% interest & operator 6km2 19,385bbls oil produced since acquisition in 2007 Flowed 6.5MMscfd of dry gas 2015 Bhandut activities Gas sales agreement approved Facilities…
AUSTRALIA CANNING BASIN Page 15
CANNING BASIN: BACKGROUND Strategic rationale: Canning Basin Adjacent to global resource centre Significant energy demand Infrastructure within acreage Proven geological petroleum province Low-cost entry, concentrated prospectivity…
WESTERN AUSTRALIA: A GLOBAL RESOURCE CENTRE Page 17
WALLAL GRABEN REVEALED BY SEISMIC Regional seismic data infer A near-complete Ordovician sequence is preserved Possible thick Goldwyer Formation - primary source rock Potential for additional organic-rich formations Page 18
NEW GRAVITY SURVEY CONFIRMS THE STORY Conducive to efficient exploration 15km wide 200km long within Oilex areas Prospectivity Conventional and unconventional Leads and prospects portfolio being compiled Drilling planned for 2017…
INVESTMENT OPPORTUNITY OILEX
INVESTMENT THESIS India Strategic focus Production, cash flow and reserves Markets + Infrastructure + Geology Targeting cash positive operations in India in 20151 Compelling investment thesis Cambay operations Multi-well drilling…
MARKET VALUATION 2P Reserve (USD/Boe) as at 16/4/15 35.00 30.00 25.00 20.00 Oilex 2P Reserves 15.00 valued at USD1.96/Boe 10.00 5.00 - Page 22
COMPANY PROFILE: ASX / AIM: OEX Oilex is listed on ASX and AIM ASX AIM 70 Geographic Dispersion 60 As at 31-Mar-15 Share price (as at 17/04/15) 7.5c 3.75p 50 40 % IC Market capitalisation 51m 25m 30 20 Ordinary shares 678m 10…
COMPANY PROFILE: BOARD AND MANAGEMENT TEAM Max Cozijn Chris Bath Non-Executive Chairman Chief Financial Officer & Over 32 years experience Company Secretary in administration of listed Over 20 years experience in companies. resources…
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