Atwood Eagle the rig used for the 2014 Phoenix South-1 discovery A Portfolio of Possibility PESA Deal Day 5 June 2016
Finder a successful private oil & gas company whose people deliver opportunity through knowledge, data & technology 1. Why Finder 2. A proven track record of value creation results focussed 3. How we do it the Bedout Sub-basin…
Why Finder Commercially driven team with 140 years experience that has delivered: 17 transactions resulting in US213 million of value with recent transactions linked to success based payments & royalties 5 offshore exploration wells…
Finder a successful private oil & gas company whose people deliver opportunity through knowledge, data & technology 1. Why Finder 2. A proven track record of value creation results focussed 3. How we do it the Bedout Sub-basin…
Management - a team that delivers Senior staff are technically driven professionals with a diverse and complementary range of backgrounds, skills and experiences with 140 years of expertise in global oil and gas exploration SHANE…
Management - a team that delivers Senior staff are technically driven professionals with a diverse and complementary range of backgrounds, skills and experiences with 140 years of expertise in global oil and gas exploration SHANE…
Management - a team that delivers Senior staff are technically driven professionals with a diverse and complementary range of backgrounds, skills and experiences with 140 years of expertise in global oil and gas exploration SHANE…
Finder is a successful private oil and gas company focussed on capturing and de-risking prospective acreage through geoscience excellence is an opportunity company driven by data & deal flow has entered into agreements with major…
Northwestern Australia - 16 Permits - 4 with an ORRI Bayu/Undan Finder has: utilised its knowledge & database to bid and acquire acreage in gazettal rounds and farmins Argus Petrel since 2004 Poseidon Troughton Is. Torosa…
Northwestern Australia - 16 Permits - 4 with an ORRI AC/P 56 AC/P 55 Bayu/Undan 100%* 100%* AC/P 52 20% AC/P 45 Argus 100%* Petrel Poseidon Troughton Is. Torosa Ichthys Wadeye Brecknock/ Calliance WA-468-P 100%*…
Northwestern Australia - 3 discovered fields Bayu/Undan Finder discovered: Olympus in 2013 - gas Phoenix South in 2014 - oil Petrel Argus Roc in 2015 - wet gas Poseidon Troughton Is. Torosa Ichthys Wadeye Brecknock/…
Proven track record of value creation Since 2007 Finder has completed 17 transactions delivering carry in six wells of the five drilled so far four have encountered hydrocarbons delivering a total value of US213 million: sunks &…
Finder a successful private oil & gas company whose people deliver opportunity through knowledge, data & technology 1. Why Finder 2. A proven track record of value creation results focussed 3. How we do it the Bedout Sub-basin…
Demonstration of the model the Bedout Sub-basin Capture overlooked basins, corners of basins or play types + scale demonstrated hydrocarbon charge but data poor (ie no modern seismic data) Execute where we can leverage our regional…
1998 acreage release round after BPs 1980 tight gas discovery blank canvas - gazetted in 1998 7 permits awarded in the west in Aug 99 5 wells drilled 2 to the north 3 to the west Slide 15 Images after Department of Industry,…
From the 1998 acreage release (2) Huntsman-1 2006 Whitetail-1 2003 Wigmore-1 2002 Manaslu-1 2001 Phoenix Phoenix Sth Roc 2008 Huascaran-1 acreage release 2002 Bedout Sub-basin Slide 17 Image from Encoms…
2000 acreage release round getting closer 2008 acreage release Bedout Sub-basin Phoenix Phoenix Sth Roc residual of the 1998 round no bids received Slide 18 Image after Department of Industry, Sciences and Resources
2008 acreage release round hidden rewards Phoenix Phoenix Sth Roc Slide 19 Image after Department of Resources, Energy and Tourism
2008 acreage release round wheres the data Phoenix Phoenix Sth Roc Finders sweet spot to add value through data . Slide 20 Image after Department of Resources, Energy and Tourism
Finder acreage late 2009 where was everyone else Slide 21
Current acreage here comes the gang Slide 22
What we did what what we bid what we did aeromagnetics 12,950 km2 12,000 km2 Aeromagnetic depth to basement estimates Slide 23
What we did what what we bid what we did aeromagnetics 12,950 km2 12,000 km2 2D reprocessing 4,000 5,900 km Slide 24
What we did what what we bid what we did aeromagnetics 12,950 km2 12,000 km2 2D reprocessing 4,000 5,900 km 2D acquisition 750 km 9,600 km 3D acquisition 400 km2 9,700 km2 Slide 25 seismic data courtesy of Spectrum
What we did what what we bid what we did aeromagnetics 12,950 km2 12,000 km2 2D reprocessing 4,000 5,900 km 2D acquisition 750 km 9,600 km 3D acquisition 400 km2 9,700 km2 Slide 26 seismic data courtesy of Spectrum
What we did what what we bid what we did aeromagnetics 12,950 km2 12,000 km2 2D reprocessing 4,000 5,900 km 2D acquisition 750 km 9,600 km 3D acquisition 400 km2 9,700 km2 exploration drilling - two appraisal drilling - 2 plus…
What we found Phoenix South oil field (2014) and Roc gas field (2015) Phoenix-1 Phoenix-2 Barret Member WA-435-P WA-436-P Phoenix 4,160m ORRI ORRI Broome South-1 Phoenix Phoenix Sth Nebo Roc Caley Member Roc-1 4,380m WA-437-P…
Bedout Sub-basin - many commercialisation options Bedout Sub-basin offers a naturally hedged portfolio gas for the domestic market and/or oil depending on the economic cycle Roc-1 commercial viability - simple, low cost development…
Bedout Sub-basin significant upside and running room significant oil in the system, ie Phoenix South oil field Roc-1 has excellent oil shows: above the Phoenix South-1 pay levels; in the gas reservoir; and at the bottom 50 metres…
Demonstration of the model the Bedout Sub-basin Capture overlooked basins, corners of basins or play types + scale demonstrated hydrocarbon charge but data poor (ie no modern seismic data) Execute where we can leverage our…
Finder a successful private oil & gas company whose people deliver opportunity through knowledge, data & technology 1. Why Finder 2. A proven track record of value creation results focussed 3. How we do it the Bedout Sub-basin…
approximate limits of the oil and gas kitchens Bayu/Undan Petrel Argus Poseidon Troughton Is. Torosa Ichthys Wadeye Brecknock/ Calliance approximate limits of the oil and gas Derby Phoenix Broome kitchens…
Shallow water, high margin oil portfolio - exclusive of Bedout AC/P 55 Bayu/Undan 100%* 3D pSDM 3D pSDM 1,000 km2 440 km2 + 680 km2 AC/P 45 Argus 100%* Petrel Poseidon Troughton Is. Torosa Ichthys Wadeye Brecknock/…
Shallow water, high margin oil portfolio - exclusive of Bedout Exploration targeting four different, independent and proven oil provinces Inboard Barrow Sub-basin - EP 483 & TP/25; first 3D seismic data targeting low risk exploration…
Gas portfolio - exclusive of Bedout AC/P 56 Bayu/Undan 100%* AC/P 52 20% Petrel Argus Poseidon Troughton Is. Torosa Ichthys Wadeye Brecknock/ Calliance with brand new 3D seismic ++ to explore 3D pSDM: 2,700 km2…
Gas portfolio - exclusive of Bedout Finder has amassed a significant and strategic gas portfolio across two independent and proven provinces Olympus-1 2010 gas discovery - WA-59-R (was WA-450-P) all costs carried until the issue of a…
Finder a successful private oil & gas company whose people deliver opportunity through knowledge, data & technology 1. Why Finder 2. A proven track record of value creation results focussed 3. How we do it the Bedout Sub-basin…
With a sustainable forward business model Finder offers no/low risk & cost offshore exploration Finders offshore assets are located in a stable OECD fiscal regime with supportive state and federal governments all major Permit…
Conclusions Finder has a focussed team: with a demonstrated track record of value accretive transactions that has delivered exploration success with three oil and gas fields to date built a high quality oil and gas exploration…
Finder contact details For further information on this presentation please contact: Shane Westlake Craig M. Gumley Chief Executive Officer Manager Offshore Australia email: email: s.westlakefinderexp.com c.gumleyfinderexp.com…