UNLOCKING THE VALUE OF AUSTRALIAS LARGEST UNDEVELOPED ONSHORE GAS FIELD Ian Cockerill Executive Director
TRANSERV ENERGY (ASX : TSV) WARRO GAS - PERTH BASIN Warro 5 drilling ahead at 1857mRT in a side track hole (Warro-5ST) to a prognosed TD of RL 6 / 7 4295mRT 67,000 net acres WARRO FIELD Warro 6 anticipated spud date late…
TRANSERV ENERGY (ASX : TSV) MONTNEY LIQUIDS - CANADA WARRO GAS - PERTH BASIN RL 6 / 7 ALBERTA 67,000 net acres MONTNEY LIQUIDS WARRO FIELD NE BRITISH COLUMBIA 35,000 net acres WESTERN AUSTRALIA BRITISH EP 321 COLUMBIA 100,500…
TRANSERV ENERGY (ASX : TSV) Share Price Capital Structure Price A/share Vol. (M) 9 Existing ordinary shares 807m 0.050 Management options ex 2.5c 28m 0.045 8 Implied Market Cap at 4.2c (undiluted) 33.9m 0.040 Current cash and liquid…
MONTNEY LIQUIDS PLAY - CANADA West Canadian Deep Basin Cross Section BRITISH COLUMBIA 500km Modified after Masters, 1984 Burnie et al, 2005 Zaitlin and Moslow, 2006
DISCIPLINED M NEW LANDAPPROACH VENTURE ONTNEY CAPTURE 3 Liquids-rich focus areas 35,000 net acres Caribou Liquids (2015) 7.3mmcfd + 130bbls/d Discovery (followed by Black Swan 200MM corporate acquisition) Inga Liquids…
MONTNEY COMMERCIAL ROBUSTNESS Montney Break-even US/bbl 46 25 (US1 = C1.3) (Oil prices: North American oil plays breakeven analysis. October 2014)
WESTERN AUSTRALIA GAS MARKET WA gas consumption has historically been ALCOA (TSV JV Partner at Warro) is the driven by the mining/mineral processing sector largest gas user (85 PJ per year) Current WA gas prices in the range of…
WARRO SUMMARY Giant gas accumulation with a Gas-In-Place estimate between 8-10 TCF (independently assessed) Warro 5 and 6 appraisal wells drilling in August/ September 2015 Fully funded by Alcoa under an existing 100MM farm-in…
WARRO NORTH PERTH BASIN KM GEOLOGICAL CROSS SECTION 0 1 2 YARRAGADEE FM 3 4 5 6 7 WARRO 8 9 FIELD 10 R6 / 7 11 Mory and Iasky, 1996, Stratigraphy and structure of the onshore northern Perth Basin, Western Australia
WARRO EXPLORATION HISTORY Warro Prospect Warro-2/1 Warro-2 (1977) mud log Top Yarragadee Intra-Yarragadee Top Reservoir Cadda Cattamara Warro 1 and 2 intersected a 500m gross gas bearing section of low…
WARRO EXPLORATION HISTORY Base Reservoir (Top Cadda) TWT Structure Map Warro asset acquired (2007) Emergence and success of North American technology Potential for significant gas price increases in Western Australia Warro-3 (2009)…
WARRO STRUCTURE AND FAULT IMAGE ANALYSIS Base Reservoir (Top Cadda) TWT Structure TWT (msec) Amplitude
WARRO STRUCTURE AND FAULT IMAGE ANALYSIS Base Reservoir (Top Cadda) 3D Amplitude TWT (msec) Amplitude
WARRO STRUCTURE AND FAULT IMAGE ANALYSIS WARRO-3 (2009) WARRO-4 (2011) Fracked in 4 casing with gel Fracked in 7 casing with Slick-water Limited frac capacity and poor frac penetration Excellent hole and frac placement WARRO 3D (2011)…
WARRO APPRAISAL TIMELINE AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY SPUDDED 15th AUGUST WARRO-5 DRILLING DFIT ENCOURAGE EXTENDED WELL TEST WARRO-6 DRILLING DFIT ENCOURAGE EXTENDED WELL TEST DANDARAGAN 3D LANDOWNER…
DANDARAGAN DEEP PROSPECT Dandaragan Deep Prospect W Dandaragan-1 (1995) E WARRO TD 1103m Otorowiri 819m-834m 10o API biodegraded Oil Otorowiri DANDARAGAN DEEP LEAD Upper Yarragadee 62km Closure 1.6 Tcf Mean EUR…
WARRO STAKEHOLDER SUPPORT All Government approvals in place Native Title completed Three years of environmental monitoring to date soil, air, and water CSIRO monitoring project in place Local Community support - The community…
CONCLUSIONS Robust commercial environments in the Montney Liquids and Warro Projects Aiming to unlock the immense value of Warro with a fully funded two well appraisal program Warro has the key ingredients for success Substantial…