Solimar Energy Limited (ASX Code: SGY, TSXV Code : SXS) Presentation to : Kreyenhagen Project Suspended 2007 well with PCP pump installed that produced light oil and gas at Excellence in Oil and Gas approximately 2,500 feet from…
Solimars maturing California growth strategy Since adopting the strategy some two years ago to focus on building a Relative value creation portfolio of oil prone projects in the San Joaquin Basin, the Company has Chart of relative…
Solimars maturing California growth strategy key metrics Asset growth - net acres Acreage increased almost five fold to over 23,000 net acres Board and management has been significantly strengthened Asset recognition in North America…
Capital Structure Code: TSX: SXS ASX:SGY Ordinary Shares 445.8 million Options / Warrants 111.05 million Convertible Debentures 56 C50,000 (C2.8million) Market Capitalization (undiluted) C44.6 million A39.2 million Cash (as at…
Near term value creation accelerants Kreyenhagen Coalinga : Giant field steam development Solimar Operator and 84% -100% of +14 ,000 gross/net acres. analogue. 900 Multi faceted oil field redevelopment project (heavy and light MMBBLs…
Kreyenhagen an oil field with re development and exploration upside Schematic X section Temblor Sandstone Re-development of 11-18o API existing shallow oil field Analogous to giant (900 MMbbl) Coalinga field 12 miles NW 2 stage…
Kreyenhagen pay zones Cores show up to 32% oil saturation, porosities over 20%, TOCs up to 7% and HIs up to 700 Source : Sproule, October 31,2011 Thick oil pay zones, two with existing oil flow history from multiple…
Kreyenhagen - Independent resources assessment conventional reservoirs (1) Solimar plans to convert the PIIP estimates to Contingent Resources and Rerserves thru its Resources for main field area only net to upcoming testing…
Kreyenhagen development testing path A cold flow or unstimulated primary production testing program of up to four, 100% owned, Up to 3 months Up to 6 months suspended wells will start in April. The production tests will be through…
Kreyenhagen - modelled outcomes Oil rates and recoveries of oil in place have mainly been 150 estimated by: Production rates per shallow well Extrapolating the results of historic producing (BOPD) 100 wells in the field (cold flow…
Kreyenhagen highly favourable economic conditions Technologies Low cost drilling and completions Horizontal wells S&LD potential Commercial California heavy crude Low royalties ( 21%) achieving Highly favourable oil price strong…
California Oil Shales US shale plays comparison Porous, thick, rich source/reservoirs at moderate Source richness - TOC Porosity depth range ( from outcrop down to 11.000 feet) means high per acre volumes and potentially 30% 30%…
Kreyenhagen - Independent resources assessment oil shales (1) Solimars extended well database and USGS Professional publication 1731 show that the Kreyenhagen Shale Kreyenhagen shale is thick and with likely rich oil prone character…
Kreyenhagen oil shale the subject of escalating activity by Oil Majors Interest and activity in the Kreyenhagen oil shale fairway is accelerating Chevron and KMD Operating Co : Adjacent Kettleman Dome fields proven productive by…
Paloma discovery with Paloma Deep ST/2 and strategic land position Solimar s Paloma Deep ST/2 well has discovered : oil ( 36 API gravity) in a thick shale sequence ( 100s of feet) in the lower Monterey Shale and ; flowed gas and…
Paloma multiple targets still to test in current well Oil and gas shows seen over extensive intervals in all target Paloma Prospect - Multiple targets zones Lowermost test flowed at unstabilised rates up to 1.9 MMCFD gas and 226…
Paloma Multiple Conventional & Unconventional Targets Only a limited number of wells have been drilled to deeper The Paloma anticline is yet to be re-developed for its fractured levels in the prospect area in the NW Paloma Field. Each…
Paloma Lower Stevens sand targeted using 3D seismic Paloma deep ST/2 location chosen from 3D seismic Conceptual location PD ST/2 The seismic data was acquired after the original SW development of the field NE Sand bodies derive…
The Next 12 Months Converting resources to reserves and production Solimar Revised indicative 2011-12 work program (1) 2011 2012 Project /Activity N D J F M A M J J A S O N D Sproule Report Paloma Deep Well Zodiac 1-10 Testing…
Solimar - indicative risked valuation Portfolio approach provides Solimar 0.50 and its investors with multiple shots at value creation. The step chart is based on unrisked resource estimates per project 0.40 provided by management…
Appendix Resource Definitions This discussion has been excerpted from Sections 5.2 and 5.3 of the Canadian Oil and Gas Evaluation Handbook, Second Edition, September 1, 2007. The following definitions relate to the subdivisions in…
Contact Us For more information on Solimar Energy Limited visit our website: www.solimarenergy.com.au Registered Address: Solimar Energy Limited (ABN 42 112 256 649) 566 Elizabeth Street Melbourne Victoria 3000 Australia…
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