INDIAN PRODUCTION AND WEST AUSTRALIAN POTENTIAL ONSHORE CAMBAY AND CANNING BASINS Pete Bekkers September 2015
OILEX WHO WE ARE Offices in Australia (Perth) and India (Gandhinagar) Gandhinagar Cambay Basin Key Projects India - Onshore Cambay Basin (40,000 acres) INDIA Australia Onshore Canning Basin (3,000,000 acres) Markets,…
OILEX IN INDIA WELL ESTABLISHED CAMBAY-73 FACILITIES PRODUCTION START-UP JUNE 2015
OILEX IN INDIA INVESTMENT HIGHLIGHTS Strong energy market fundamentals in Gujarat, strong gas demand for power generation and industrial uses P Strong Domestic Economy Predominant competition is imported LNG A forecast middle class of…
PROVEN OIL AND GAS NUMEROUS HC FLOWS TO SURFACE 45% interest and operator Acreage Cambay Basin: large oil province Cambay Field: 161 km (40,000 acres) Multiple productive reservoirs Geology proven to deliver Interpreted 2,800m of…
RESERVES & CONTINGENT RESOURCES PREPARED BY RISC AS AT 1 APRIL 2015 2P 20MMBoe Estimated Cambay Field Reserves (net) 1P* 2P 3P Gas C5+ Gas C5+ Gas C5+ Y Zone Bcf MMbbls Bcf MMbbls Bcf MMbbls Total Gross Nil Nil 206 8.0 377 17.3…
2015-16 WORK PROGRAM Firm program 2 wells & workovers C-78H (core + 1400m Hz/18 fracs) Cambay-79H C-80H (core + 700m Hz/8 fracs) Frac number & design finalised after core analysis Cambay-78H Cambay-76H 5 workovers Cambay-77H…
OILEX IN AUSTRALIA LOW COST ENTRY HIGH VALUE PLAY CANNING BASIN
CANNING BASIN MULTIPLE HYDROCARBON SYSTEMS ARE PROVEN - UNDEREXPLORED Numerous discoveries in the past Older wells discovered small, conventional oil pools Blina Oil Field (1981) IP 1,000 bopd Recent discoveries Buru Energy…
OPPORTUNITY IDENTIFICATION STP-EPA-0106 STP-EPA-0107 CAPTURE OF 3 MILLION ACRES STP-EPA-0131 2D seismic data clearly images deep half-graben and large structures Conventional and unconventional plays identified Stacked objectives able…
UNIQUE CANNING BASIN LOCATION ADJACENT TO GLOBAL RESOURCE CENTRE Adjacent to significant activity Access to infrastructure Roads Pipelines Airstrips Rail Numerous paths to commercialisation Access to potential markets Surrounded…
WALLAL GRABEN SEISMIC DATA SHOWS TEXT-BOOK HALF-GRABEN 5km 20km 200km Jump correlations with regional seismic infer: A near complete Ordovician sequence is preserved Possible organic-rich Goldwyer and Bongabinni Formations present…
GRAVITY GRADIOMETRY/MAGNETIC SURVEY RESULTS AND INTERPRETATION 4060 line-km of high resolution data acquired by CGG in 2014 Confirmed Wallal Graben extends into SPA area 200km long Only 20% of the graben is covered by 2D seismic…
SOURCE ROCKS/RESOURCE PLAY ORDOVICIAN - BONGABINNI FM. Black shales Areas of local subsidence during deposition (e.g. the Admiral Bay Fault Zone and possibly the Wallal Graben) Facilitated a local system of restricted lagoons in which…
SOURCE ROCKS/RESOURCE PLAY DEPOSITIONAL MODEL Subsidence along the Wallal Fault enabled a localised marine incursion during the Ordovician Restricted lacustrine/lagoon system extends along the length of this half graben facilitating the…
SOURCE ROCK MATURITY BASIN MODELLING PROJECT Multiple source rocks modelled Bongabinni and Goldwyer Formations Seismic line Seismic line location Sensitivity analysis conducted Potentially significant petroleum system Low,…
LARGE STRUCTURAL TRAPS CLOSURES AT MULTIPLE LEVELS Prospect 104km2 Structural closure Seismic line location S S Page 18
SE NW EXTENSIVE FAN SYSTEMS CLEARLY-DEFINED & 400M THICK Fan Located along rift-bounding fault system Basal incision, differential compaction and internal channel bodies Fan 3 way dip-closure against basin margin fault (20 km…
EAST AFRICA RIFTS VS WALLAL GRABEN ANALOGOUS PLAYTYPES Tullow Oil significant success in East African rifts Lake Albert Rift Basin Uganda 1.1 Bbls discovered South Lokichar Basin Kenya 7 wells = 600 MMbbls 10km South Lokichar…
CANNING BASIN MYTHOLOGIES SOUTHWEST CANNING HAS IT ALL Myth Reality No roads need to build own access routes Great Northern Hwy passes through STP-EPA-0106 1500 km of sealed and unsealed roads within the acreage Need to build pipelines…
SUMMARY FOUNDATIONS FOR VALUE AND GROWTH Strategic Focus Assets with deep markets, existing infrastructure & good geology Production, cash flow and reserves Low cost entry high value plays Portfolio India Cambay asset in Gujarat…
INDIAN PRODUCTION AND WEST AUSTRALIAN POTENTIAL ONSHORE CAMBAY AND CANNING BASINS www.oilex.com.au twitter:oilexltd
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