B IPB Petroleum (ASX Code : IPB) www.ipbpet.com.au PRELUDE FLNG Under Development 2-3 TCF Gas 130 MMbbls Condensate BROWSE FLNG Proposed Development 15.5 TCF Gas 417 MMbbls Condensate ICHTHYS LNG Under Development 12.8…
IPB Petroleum : Snapshot Capitalisation 113.7 million shares 1.5 c = A1.71 million (2 Sep.) Cash as at 30 June 2015 = A1.73 million Historical Pryderi well WA-424-P drilled Nov 2014 100% funded by previous JV partner Channelised…
Snapshot :Experienced Board Bruce G McKay Over 40 years experience in exploration, operation and executive management in Australia and overseas (AWE / ExxonMobil) BSc (Hons), FAICD, Fellow of the Australian Institute of Company Directors…
Gwydion well (BHP 1995) Idris Prospect Structural spill point - confidently mapped (IPB 3D seismic) GOC 809.5mRT OWC 818.9mRT Oil leg interpreted to be below spill point on new 3D - stratigraphic trap substantial…
Gwydion well (Idris) (BHP 1995) Original RFT Pressure Plot Pressure log supports gas and oil in pressure communication Oil water contact on regional aquifer gradient 6
IPB Idris Resources Public Disclosed Estimates (WA-424-P ) Gwydion - 1 (discovery well) Low Estimate Gilfaethwy Idris -1 (proposed) Mathonwy Best Estimate High Estimate 3D boundary 0 km 2 km Indicative outline…
Idris Potential Value if successful Assuming a successful Idris-1 well indicative economics (100% Project) based on publicly disclosed resources ranges : C1+ Low C2+ Best C3 +High Idris Prospect Estimate Estimate Estimate Total of…
Farmout Key Points: Farmin for appraisal of the upside of an existing oil discovery (Gwydion) WA-424-P Offshore Western Australia - Browse Basin Shallow water (80m) & Shallow reservoir Depth (800m ss) If successful high probability…
Summary and Strategy Company Strategy Early entry with high equity strategic position IPB equity 100% all permits Potential Oil Fairway IPB capable team - able to operate Aim to partner with Value Add partners WA-424-P entered…