Acreage portfolio scale and location, proven petroleum systems, 100% owned, 40 TCF prospective resource* * 18.5 TCF in EP171/EP176, 2012 22.5 TCF in ATP1087, 2012
Current cash position is sound with preference to fund next stage capex by partnering Key statistics Share price performance last 12 months 40 2 ASX ticker AJQ 35 1.8 1.6 30 1.4 Share price (c) Volume (m) 25 Issued…
Northern Australia - scarcely populated, low impact, supportive native title groups
Heads of Agreement with APA provides for connection to east coast markets via Mt Isa
Granted footprint has grown from 11,500 to 63,000 km2 since IPO Queensland and NT tenements Majors moving into northern Australia Victoria tenements
Contingent and Prospective Resources in NT and Qld Unrisked, Mean Prospective Resources (Sources: SRK, November 2013; MBA, April 2012) Gas (Bcf) Liquids (MMbbls) MMboe Northern Territory Conventional 2,870 81 559 Unconventional…
Tenure covers multiple sedimentary basins across QLD and NT 22,500 BCF in ATP1087* * 22.5 TCF ATP1087 2012
Conventional and multiple large unconventional plays in NT 21 TCF * * 2,043 MMbbl * * : conventional plays along Emu fault : potential unconventional gas depocenters * * 18.5 TCF EP171/176 2012, 2.87 TCF EP171/176/190…
NT Glyde 1 discovery 3 million scf* per day from 600m depth * Up to 3.3 mmscf/d on 64/64 choke 125 psi (Source: Armour, August 2013)
Queensland - first horizontal hydraulically fractured well in Australia to produce gas from shale Egilabria 2 / 2DW 1 well designs Results to date and forward plan Vertical well completed July 2013 Lateral section completed August…
Thick, organic, marine shale packages with gas that is low in CO2
Liquid potential in NT - oil and gas shows in Lamont Pass 3 well Oil bearing core 696m Streaming cuts from oil bearing source rock 434m Organic rich source rock 710m Golden yellow oil fluorescence 643m
Queensland exploration strategy QLD tenement map Further play evaluation via vertical wells and 1 seismic. Drilling to target stacked plays. 58 prospects and leads identified to date. Targeted laterals to prove shale gas play…
NT exploration strategy Glyde targets and Barney Creek Formation Drill low-cost conventional targets 83 1 prospects and leads identified to date 2 Drill vertical wells to test Barney Creek Shale First production from…
Victorian exploration strategy Drill Otway-1 in 1 PEP169 If drilling success, 2 early gas sales 3 Review options over PRL2 technical review for horizontal well potential (no hydraulic stimulation)
Staged approach to cash flow generation Major GSAs and gas Pipeline export connected to Mt Isa NT/QLD : regional gas demand micro LNG or CNG billion+ pa hundreds of millions pa Otway-1 tens of millions pa gas plant…
2014 potential catalysts and work program (1) 1 Pursuing partnering deals across northern Australian portfolio 2 Continue clean-up and production test Egilabria 2 horizontal well (Lawn Shale ATP1087) 3 Drill Otway 1 in…
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