Corporate Presentation November 2018 TSXV FO.V AIM FOG.L ESM FAC.ID
Company Overview and Strategy International oil and gas company focused on the acquisition, exploration and appraisal of unconventional oil and gas properties Corporate strategy is to: Focus on large underexplored unconventional…
Beetaloo Sub-basin Australia
Beetaloo Sub-basin - Asset Overview Falcon Australia* owns 30% of three exploration permits in the Beetaloo Sub-basin (EP76, EP98, EP117) Total gross acres 4.6 million, net 1.4 million acres to Falcon Falcon sold 70% of the…
Beetaloo Sub-basin - Petroleum Geology Identified plays in the Beetaloo Sub-basin include: Velkerri shale dry gas Kyalla shale and hybrid liquids rich gas plays Velkerri shale liquids rich gas play 85km 85km Source: Close et…
Beetaloo JV Work Program Strategy & Timeline From Exploration - Discovery - Commerciality Stage 1 Prove the presence, quality and continuity of the Velkerri shale play Stage 2 Evaluate the potential of liquids fairways in the Kyalla and…
Stage 1 Work Program Objectives & Details Determine Velkerri reservoir and completion quality Top Velkerri B shale depth map (meters) Presence and thickness of reservoir Total organic carbon (TOC) Porosity and permeability Rock…
Stage 1 Summary Detail of Wells Drilled to Date Kalala S-1 Amungee NW-1 TD 2,622 mMD TD 2,609 mMD Confirmed the presence Confirmed the of 3 organic rich intervals presence and in the Middle Velkerri continuity of A, B & C target (A,…
Stage 1 Results of the Three Vertical Wells Middle-Velkerri Shale Correlation 30km 87km Kalala S-1 Amungee NW-1 Beetaloo W-1 GR Res Gas show GR Res Gas show GR Res Gas show Middle Velkerri shales as pervasive, 2,000m 2,500m…
Stage 1 Amungee NW-1H Horizontal Well Favourable shale properties qualified the area as a prospective and laterally extensive sweet spot Successfully landed in B shale, drilled through excellent quality and laterally consistent…
Stage 1 Amungee NW-1H Test Results Extended well test duration: 57 days, with cumulative production of 63 MMscf Early stage gas flow rates through 4-1/2 production casing regularly reached over 1-1.5 MMscf/d Extended flow test rates…
Stage 1 Work Program Achievements Key achievements for the Middle Velkerri shale gas play: Thickness of reservoir Total organic carbon (TOC) Porosity and permeability Rock geomechanics Reservoir pressure Gas saturation Gas flow…
Stage 1 Middle Velkerri B Shale Gas Volumetrics Middle Velkerri B Shale P50 Volumetric Estimates 1 Gross Net Attributable Best Estimate Best Estimate Area km 2 16,145 4,751 Original Gas In Place (OGIP) (TCF) 496 146 Combined Recovery…
Stage 1 Shale Characterisation and Comparision 7 key Velkerri shale parameters for economic success Maturity: mostly in dry gas window Average TOC 3-4% Thickness: 500m Average depth: 2-3,000 m Areal extent: 4M acres In-place…
Potential Additional Plays Further Work Required Kyalla shale and hybrid liquids rich gas plays Two source rock and two hybrid target intervals in Kyalla Fm. Estimated CGR at 15-60 bbl/MMscf Kyalla Fm. prospective areas confined to…
Moving Forward Stage 2 & 3 Stage 2 Exploration and Appraisal Drilling Program Evaluate the potential of the liquids-rich gas fairways in both the Kyalla and Velkerri plays to determine the most commercially prospective play to be…
Chinese and Japanese LNG Demand Chinese and Japanese Actual and Estimate LNG Imports 2014- 2023 180 160 140 120 100 MTPA 80 60 40 20 - 2014A 2015A 2016A 2017A 2018E 2019E 2020E 2021E 2022E 2023E Year (A…
Australian LNG Net Back Price Data Australian Average LNG Net Back Pricing Data 8.5 8 7.5 7 US/MMbtu 6.5 6 5.5 5 4.5 4 2016 A 2017 A 2018 YTD A Year (A - actual, YTD - year to date Sept 2018) Source:…
Australian & US Gas Price Comparison Australia & US Gas Price Comparision 9 8 7 6 5 4 3 2 1 0 Whole Sale Spot Victoria US/MMBTU Henry Hub US/MMBTU Source: EIA & Australian Energy Regulator 22
Domestic and International Gas Infrastructure Darwin a major LNG hub Darwin Ichthys LNG Darwin LNG Ichthys LNG Darwin LNG Major partners: Inpex, Total Major partners: ConocoPhilips, Santos, Inpex, ENI Start date: 2018…
Karoo Basin South Africa
Karoo Basin Asset Highlights Summary Exclusive Technical Cooperation Permit granted in 2009 Covers 30,000km2 7.5M acres Petroleum System and Potential Resource Target is the organically rich and thermally mature Whitehill…
Corporate Information
Corporate Information Share Capital & Cash Major Shareholders Common shares in issue 931,304,183 Lamesa Holdings S.A. 16.87 % Share options outstanding 41,033,334 Sweetpea / Petrohunter 8.66 % Warrants outstanding 10,000,000 Nicolas…