New Life in the Perth Basin Conventional Gas Success with Unconventional Upside Neil Tupper General Manager 1 Exploration & Geoscience Good Oil Conference 2-3 September 2015
Agenda 1. AWE Asset Overview 2. Perth Basin Prospectivity 3. Waitsia Discovery 4. Other WA Basins 5. Waitsia Significance
Diverse Portfolio 4 4
Strong WA Acreage Position Exmouth Sub-Basin Offshore Perth Basin Onshore Perth Basin Gas production from Dongara & Beharra Springs Oil production from Cliff Head 14 production & exploration licenses 9 operated Conventional +…
Growing WA Resources Position AWE 2P Reserves and 2C Resources (as at 30 June 2015) 140 114 mmboe 121 mmboe 120 Waitsia Waitsia Beharra Springs/Dongara 100 Senecio 19 mmboe Synaphea million BOE Irwin 50 mmboe 80 60…
Perth Basin Fundamentals Dongara Production Facility AWE has basin-dominant position Multi-TCF potential: Conventional + Tight Sand + Shale Strategy to build a material domestic gas business Early & low cost development via…
Agenda 1. AWE Overview 2. Perth Basin Prospectivity 3. Waitsia Discovery 4. Other WA Basins 5. Waitsia Significance
High Perm. vs Low Perm. Sandstone Comparison Waitsia Field Senecio/Synaphea/Irwin Fields Kingia/High Cliff Reservoir Dongara/Wagina Reservoir Clay Rims prevent Quartz Cementation Pervasive Quartz Cement with & preserve abundant…
Agenda 1. AWE Overview 2. Perth Basin Prospectivity 3. Waitsia Discovery 4. Other WA Basins 5. Waitsia Significance
Waitsia, Senecio, Synaphea/Irwin Fields Senecio Field Dongara/Wagina Synaphea/Irwin Field Dongara/Wagina Waitsia Field Kingia/High Cliff Senecio-3 Waitsia-1 Irwin-1 line of section 2500 m GWC GWC Kingia/HC GWC 3500…
Perth Basin 2P and 2C estimates Perth Basin gross 2P Reserves and 2C Contingent Resources over 700 bcf: Waitsia Field gross 2P+2C - 484 bcf (242 bcf or 43 mmboe net to AWE) Senecio/Synaphea/Irwin gross 2C - 237 bcf (117 bcf or 23 mmboe…
Waitsia Field Kingia/High Cliff low-side fault closure Senecio-3 (2014) Kingia DST: 12.3 mmscf/d (unstimulated) S-3 W-1 Synaphea Fault High Cliff DST: 0.3 mmscf/d (unstimulated) Irwin-1 Irwin River Coal Measures gas shows…
Waitsia Field Kingia/High Cliff 3D Model Depth Top Kingia with GWC Senecio-3 Gross gas column of 350m 3348 m SSTVD Area 50 km2 Waitsia-1 Status: Further Appraisal & Development Planning Waitsia-2 Irwin-1 Conceptual Development…
Agenda 1. AWE Overview 2. Perth Basin Prospectivity 3. Waitsia Discovery 4. Other WA Basins 5. Waitsia Significance
WA-512P (Inner) Permian High & Low-side Fault Blocks seal breach Waitsia Analog 17
WA-497-P Cabot Prospect - Jurassic BFF downdip structural conformance updip pinch out J40 Top Fan Amplitude Map re-processed 3D full stack display 19
WA-511-P Freycinet Prospect - Triassic Fault Blocks A Freycinet Prospect A Barrow Delta Jurassic Top Triassic Unconformity Mungaroo A 20 A 20
Agenda 1. AWE Overview 2. Perth Basin Prospectivity 3. Waitsia Discovery 4. Other WA Basins 5. Waitsia Significance
Waitsia Significance Largest onshore Australian discovery for over 30 years Likely to be one of the largest onshore fields by remaining reserves New play has re-invigorated Perth Basin exploration & development Positive for Mid…