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March 2013 Corporate Presentation – Solimar Energy Limited

Solimar Energy Limited · Mar 29, 2013 · 33 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. March 2013 Corporate Presentation – Solimar Energy Limited – slide 1
    Solimar Energy Limited ASX Code: SGY TSX Code: SXS March 2013 Corporate Presentation
  2. March 2013 Corporate Presentation – Solimar Energy Limited – slide 2
    Solimar Energy Oil & gas explorer focused exclusively onshore in the prolific San Joaquin Basin, California Dual-listed SXS SGY Market cap: 25 million Proven team led by California O&G veteran players Pure-play on large,…
  3. March 2013 Corporate Presentation – Solimar Energy Limited – slide 3
    Proven Experienced Team Frank Petruzzelli (Chairman) William Satterfield (CEO) Chris Bowyer (Secretary & CFO) John Begg (Director) Mark Elliott (Director) Charle Gamba (Director) Jason Bednar (Director) Ryan Dunfield…
  4. March 2013 Corporate Presentation – Solimar Energy Limited – slide 4
    Why California Increasing Realization of Vast Resource in Californias shale oil deposits US EIA estimate of 15.4 billion bbl technically recoverable oil in the Monterey alone 60% of USAs shale oil resource References: Wall Street…
  5. March 2013 Corporate Presentation – Solimar Energy Limited – slide 5
    Why San Joaquin Basin PLEIS. Alluvium World class source rocks PLIO. Monterey Shale Proven reserves of 20 billion bbls Produced 13 billion bbls and 5 tcf of MIOCENE Temblor California gas Crude 100/bbl OLIGOCENE Vaqueros…
  6. March 2013 Corporate Presentation – Solimar Energy Limited – slide 6
    Solimars San Joaquin Basin Strategy Exploit the current high California heavy oil price vs. natural gas price disparity Break the old development mold, introduction of proven technology on overlooked assets, e.g. Kreyenhagen Field:…
  7. March 2013 Corporate Presentation – Solimar Energy Limited – slide 7
    Kreyenhagen Project Solimar Operator at 84% - 100% WI 100% WI owner of prime 10,000 acre lease, 15,000 acres total 800 acre DOGGR gazetted Kreyenhagen field acreage, a shallow (13-18 API) oil accumulation analogous to nearby…
  8. March 2013 Corporate Presentation – Solimar Energy Limited – slide 8
    Breaking the Mold: K-Ranch Heavy Oil: Then Thick but limited extent oil in place in single layer shallow (200-800 ft) zone Fair reservoir quality; oil saturation uncertainty Fair oil quality, 13-15 API Poor primary recoveries via…
  9. March 2013 Corporate Presentation – Solimar Energy Limited – slide 9
    Breaking the Mold: K-Ranch Heavy Oil: Now Large oil in place in a thick, multiple layer shallow (200-1,100 ft) zone California heavy crude & natural gas disparity: Feb. 2013 Kreyenhagen Ranch crude sold for 101/bbl Fair-excellent…
  10. March 2013 Corporate Presentation – Solimar Energy Limited – slide 10
    Primary to CSS to Full Field Development Primary development via vertical / horizontal wells with mini fracs. 10000 Pre-production & appraisal phase 1000 Cyclic steam pilot & transition from pre-produced wells 20 acre first phase…
  11. March 2013 Corporate Presentation – Solimar Energy Limited – slide 11
    Kreyenhagen Field Area JV Activity Farmout Letter of Intent signed March 14th with a Solimar Kreyenhagen Ranch Acreage Canadian company to further appraise and develop Solimar Bayswater Pooled Acreage Bayswater Pooling Boundary the…
  12. March 2013 Corporate Presentation – Solimar Energy Limited – slide 12
    Kreyenhagen Shale Oil Play Activity 13 AERA Energy Kreyenhagen & Monterey Shale Exploration well drilling; spud Feb. 5th on Eastern Flank. 1st of four commitment well bores. Hangtown Oil re-entry and deepening to Kreyenhagen…
  13. March 2013 Corporate Presentation – Solimar Energy Limited – slide 13
    Kreyenhagen Resource PLEIS. Alluvium Coalinga 900 MMBO PLIO. Monterey Shale MIOCENE Temblor Kettleman Dome 500 MMBO, 2 TCF OLIGOCENE Vaqueros * KREYENHAGEN Kreyenhagen Shale EOCENE SHALE OIL Best Case: 36…
  14. March 2013 Corporate Presentation – Solimar Energy Limited – slide 14
    Kreyenhagen Conventional Resource 15 Independent Assessed (Net) Oil Resources* Conventional Reservoirs (Solimar Working Interest) Temblor Sandstone (heavy oil) Low Best High Discovered resources (PIIP) (mmbbls) 19.0 23.8 29.0…
  15. March 2013 Corporate Presentation – Solimar Energy Limited – slide 15
    Kreyenhagen Field Temblor Oil Zone 16 16
  16. March 2013 Corporate Presentation – Solimar Energy Limited – slide 16
    Kreyenhagen Field Cross Section 17 17
  17. March 2013 Corporate Presentation – Solimar Energy Limited – slide 17
    2012 Production Testing Implications 18 Lighter gravity (17.3 API), lower viscosity oil pool confirmed down-dip at 4-33 with multiple development locations on trend 94-101 per bbl sales of crude in last 4 months Lighter oil wedge…
  18. March 2013 Corporate Presentation – Solimar Energy Limited – slide 18
    Infield and On Trend Resource Growth 19 4.2 mmbo (best estimate) recoverable resource from 115 acre area out of total discovered area of 225 acres Additional 480 acres upside of prospective resource (50 mmboip -P10) in the immediate…
  19. March 2013 Corporate Presentation – Solimar Energy Limited – slide 19
    California Steam Approximately 20 2/3rds of California 600,000 bopd is heavy crude Steam enhanced recovery of heavy oil is common in the San Joaquin Basin fields including the adjacent giant Coalinga field which has the same…
  20. March 2013 Corporate Presentation – Solimar Energy Limited – slide 20
    Modeled Steam Enhanced Rates and Recoveries 21 Oil rates & recoveries were estimated by: -Extrapolating the historic field producing wells (cold flow IPs of 1-10 bopd, mean 4 bopd) -Comparison with Coalinga Field which produces…
  21. March 2013 Corporate Presentation – Solimar Energy Limited – slide 21
    Cretaceous Gas Upside 22 Pre-existing gas discovery drilled by Getty (1970) located mile from field area Over 175 ft of gas shows; DSTd 96 mcfgpd in tight sandstone Moderate depth (5,500 ft) Scope to use Cretaceous gas for…
  22. March 2013 Corporate Presentation – Solimar Energy Limited – slide 22
    Kreyenhagen Heavy Oil Timing 23 Indicative Timeline Activity 1H 2013 2H 2013 1H 2014 2H 2014 Cold Flow Primary Currently on long term production testing Production Farmout Appraisal Drilling Mini Fracs Steam Flood…
  23. March 2013 Corporate Presentation – Solimar Energy Limited – slide 23
    California Shales & Kreyenhagen Area 24 Monterey & Kreyenhagen Shale Oil Fields Location in one of the richest oil generation areas for the Kreyenhagen Shale Kreyenhagen Shale geochemically tied to 3 billion bbls discovered oil in…
  24. March 2013 Corporate Presentation – Solimar Energy Limited – slide 24
    Kreyenhagen Shale Oil Play Fairway 25 Hess 3D Permitting Unconventional Reservoirs (Solimar Working Interest) Kreyenhagen Shale Light Oil Play * Sproule (October 2011) Low Best High Undiscovered resources (MMbbl/section)…
  25. March 2013 Corporate Presentation – Solimar Energy Limited – slide 25
    Kreyenhagen Area Play Fairway 26 Kreyenhagen shale show wells Monterey shale show wells Oxy permitted wells Shale Play Fairway 2 1 26
  26. March 2013 Corporate Presentation – Solimar Energy Limited – slide 26
    Kreyenhagen Shale Oil Production Kettleman Hills Field Recompletions in old, vertical wells targeting 1 Kreyenhagen Shale show zones, resistivity SW Mean IP: 174 bopd SW Mean Cum: 56 MBO Cum: 814 mbo (11 wells) IPs: 6-363…
  27. March 2013 Corporate Presentation – Solimar Energy Limited – slide 27
    Kreyenhagen Shale McCullough Well 2 Drilled 1960 CORE Fractured shale: free oil in fractures 10,500 Good oil stains, bled oil, bright flour. RESERVOIR FACIES 11,000 CORE Brown oil sands/vry active brnsh-ylw cut flour.…
  28. March 2013 Corporate Presentation – Solimar Energy Limited – slide 28
    Kreyenhagen Shale Play Cross Section K: 6-33 Uplifted Basin Margin 10,000+ ft projects mature source to relatively shallow depths WEST Oxy: K-24 EAST SEAL McCullough-1 FACIES RESERVOIR FACIES Shallow wells with oil & gas…
  29. March 2013 Corporate Presentation – Solimar Energy Limited – slide 29
    Kreyenhagen Area Shale Oil Play Timing Indicative Timeline Activity 1H 2013 2H 2013 1H 2014 2H 2014 Farmout 25 sqm 3D seismic Permitting for 3D 3D Acquisition & Processing Exploration well Permitting for wells (K-shale & conv.…
  30. March 2013 Corporate Presentation – Solimar Energy Limited – slide 30
    Southern San Joaquin Basin Activity PALOMA LEASES TEJON LEASES 31
  31. March 2013 Corporate Presentation – Solimar Energy Limited – slide 31
    Tejon Near Field Exploration Solimar 57.5% WI & Operator of Deep Horizons 2,400 acre leasehold located between two fields with cumulative production of 110 MMBOE in prolific Southern San Joaquin Basin Defined by 3D seismic In…
  32. March 2013 Corporate Presentation – Solimar Energy Limited – slide 32
    Tejon Near Field Exploration Three plays: all light oil targets that produce in surrounding Tejon & N. Tejon fields Olcese Shallow targeting Mean Case prospective resource of 1.5 MMBOE Vedder / JV Footwall targeting Mean Case…
  33. March 2013 Corporate Presentation – Solimar Energy Limited – slide 33
    2013-2014 Outlook Indicative Timeline Activity 1H 2013 2H 2013 1H 2014 2H 2014 Kreyenhagen Heavy Farmout ongoing in parallel with steam EOR Cold Flow Primary Appraisal Wells Steam Flood Pilot pilot until full field steam flood…

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