Disclaimer This presentation has been prepared by Calima Energy Limited (Company), based This presentation is presented for informational purposes only. It is not intended on information available as at the date of this presentation. The…
Introduction C A P I TA L S T R U C T U R E Listed on the ASX (CE1 AU), Calima Ordinary Shares 1,444 M Management Perf. Equity(1) 55.5 M Energy is a Canadian energy junior Market Capitalisation(2) 40 M with 72,000 acres of Montney…
Company Snapshot Predicted a northern extension to the liquids rich Montney fairway in NE BC in 2014 Built a 72,000-acre land position and drilled three wells in 2019 to validate the prediction Assembling the building blocks for future…
Western Canada POISED FOR GROWTH THROUGH LNG Strong demand for condensate in Western Canada - pricing close to WTI International Energy Agency predicts global natural gas consumption to grow by 45% over the next 25 years Montney gas…
Calima B U I L D I N G B L O C K S T O VA L U E On going discussions to connect to nearby infrastructure in an Assembling the building blocks of a world-class existing field via a 20 km pipeline. development project with minimal…
Well Performance A D J A C E N T O P E R AT O R P R O V I D E S A N A L O G U E F O R C A L I M A Saguaro Resources has drilled more than 60 wells in the acreage immediately adjacent to Calima (1) (2) Saguaro results provide a direct…
Drilling Operations Calima-1 - Vertical pilot hole, logged and cored (230m entire Montney) Calima-2 - 2,500 m horizontal future producer Calima-3 2,500 m horizontal future producer 92 stage frac, 30m spacing, 1.5t/m proppant…
Drilling Results PROVED EXTENSION OF THE LIQUIDS RICH MONTNEY Objective CALIMA 1. Stratigraphy 2. Reservoir Quality 3. Condensate 4. Hydrocarbon Sat. 5. Illus. Gas-In-Place 6. Production Rate (1) 7. Cond/Gas Ratio (2) 8. Type…
Reserves Report 2018 McDANIEL & ASSOCIATES BEST ESTIMATE U P D AT E A N D U P G R A D E S D U E J U N E 2 0 1 9 GROSS UNRISKED PROSPECTIVE RESOURCES (1) McDaniel & Associates have been commissioned to update the March 2018 reserves…
Economics SINGLE WELL KEY ASSUMPTIONS Estimated Ultimate Recovery(1) (per well) Natural Gas 7.19 bcf Condensate 280,000 bbl Natural Gas Liquids 120,000 bbl TOTAL 1,598,400 boe Well Cost (2) CAD Drilling 2,000,000 Completion…
Development concept Conceptual Tie into adjacent field infrastructure(2020) Development Tie into Brookfield NorthRiver (2020) Condensate A tie-in pipeline to adjacent field infrastructure could Calima Pad-4 (2037) Delivery to…
Create Built a 72,000 acre Montney land position in NE BC 1 Drilled 3 wells to prove extension of liquids rich Montney fairway Well performance matches or exceeds adjacent Operators Initial rate 1,600 boepd Build ROADMAP Well results…
Conclusion Drilling programme met or exceeded expectation and will result in an updated reserve report June 2019. The building blocks for an 10,000 boepd development plan can be put in place with limited additional investment…
I N V E S TO R P R E S E N TAT I O N APPENDICES M AY 2 0 1 9
Disclaimer This presentation has been prepared by Calima Energy Limited (Company), based This presentation is presented for informational purposes only. It is not intended on information available as at the date of this presentation. The…
A PPE N DIX O N E - D R ILLING R ES ULTS
2019 Drilling Horizontal NW Upper Horizontal SE Upper Core Interval Calima-3 Calima-2 Calima-1 Drilled 1 x vertical well and 2 x horizontal well Collected core and wireline logs over the whole Montney section…
Calima-1 Vertical Well Demonstrated that the Montney geology across the Calima Lands is very similar to Saguaros Presence of gas and condensate confirmed by laboratory analysis of core samples Porosity and hydrocarbon saturation…
Drilling Performance Time vs Depth Relationship with CWL Energy provides operations support CWL has experience with most other Operators in the region Permitting Stakeholder relationships. Site construction Calima-2…
Production Testing Calima - 2 Results Maximum gas rate 10.2 mmcf/d Maximum liquid rate 151 bbl/d at gas rate of 8.4 mmcf/d In analysing the results Michael Morgan, Director of Analytics at GLJ Petroleum Consultants in Calgary…
Log Analysis Peer Group Comparison Log analysis of peer group wells highlights the superior reservoir parameters encountered at Calima-1 at all Montney intervals specifically Porosity and Hydrocarbon Saturation Porosity is a…
Condensate Gas Ratio Calima - 2 Calima-2 Variation In Condensate Gas Ratio(1) While Testing After the initial clean out period the condensate gas ratio (CGR) climbed steadily This is in-line with other wells in the area where…
Oil Saturation Core Analysis Calima-1 Core analysis shows that the Calima-1 well has higher oil saturations than cores collected from adjacent wells (1) Oil saturations of up to 59% (Upper Montney) and 64% (Middle Montney) were…
Calima2: Peer IP 30 and CGR Results IP30 Gas vs Condensate Gas Ratio Calima-2 Test Results Wells within 50 km of Calima sourced from IHS Accumap Public domain data from wells within a 50 km radius of Calima show variation in…
Calima3: Off To A Strong Start Cumulative Production Calima-2 & 3 Test Results Calima-3 started flowing at a faster rate than Calima-2 Sand blockages were cleared using coiled tubing in the normal manner Warm weather resulted…
Gas Analysis The adjacent Operator report that liquids recovered at the well-head account for approximately half of the total recovered liquids. These well-head liquids are dominated by Condensate/light oil (C5+) A comparable amount…
Original Mapping Liquids Yield Regional Mapping (2014) Calimas original sweet spot mapping in 2014 predicted liquids potential in the north, beyond the known limits of the Montney play Calima built a land position in the north…
Gas Analysis (1) (2) (3) Matches offset operator Exceeds offset operator Calimas 2019 drilling (1 x vertical, 2x horizontal) demonstrated that the prospectivity encountered by Saguaro extends into the Calima Lands…
A PPE N DI X TWO - 2 0 1 8 R ES E RV E AUD ITO RS R E PO RT
Resource Audit B Y M C D A N I E L & A S S O C I AT E S ( 1 ) Calima Lands Calima Lands McDaniel estimates based on 400 locations Gross Net using 70% of available drainage area Natural Gas (Tcf) 2.16 1.69 Assumes a two layer…
A PPE N DI X TH R E E CO N CEPTUA L D E V ELOPMENT M O D EL
Development concept Tie into adjacent field Conceptual infrastructure (2020) Tie into Brookfield Development NorthRiver (2020) Condensate Calima Pad-4 (2037) Delivery to A tie-in pipeline to adjacent field Jedney Calima…
Conceptual Development Assumptions 1 Production Inputs Operating Inputs 1 Production Profile 8 BCF curve max flow of 5700 Mcfd per well T-North Transportation toll 0.24/GJ Condensate ratio 25 bbl/MMcfd Processing costs to Station 2…
Conceptual Development Assumptions 2 Assumptions. Forward looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be…
Conceptual Development Assumptions 3 Definitions Certain oil and gas metrics. Finding, development and acquisition costs, finding and development costs, and netbacks do not have standardized meanings or standard methods of…
A PPE N DI X FO UR HISTO RY, B OA R D & M A N AGEM ENT
Calima Board Alan Stein Jonathan Taylor Managing Director Technical Director Dr Stein has more than 30 years experience in the international oil and Mr Taylor has more than 30 years experience in the international oil gas industry.…
Calima Management Mike Dobovich Justin Norris Country Manager (Canada) Montney Sub-Surface Project Leader Mr Norris is a geophysicist with over 20 years of experience in the Mr Dobovich has over 20 years of experience in the oil and…
Calima Historical Pathway 2014-2016 2017 2018 2019 (Q1) Remapping the liquids Fold the farmin deal into Construction of drilling pad Drill one vertical and two potential of the Montney by Azonto Petroleum horizontal wells TMK…
A PPE N DIX F IV E - BACKGROUND
The Montney Today Biggest oil and gas play in Canada which ranks alongside the best of the US plays 4 C5 billion per year upstream investment and active M&A market 2 Estimated remaining reserves as at 2014 - 449 tcf of gas and…
Montney Gas C U R R E N T LY S O L D I N A M E R I C A B U T Montney gas currently sold in North American markets Production at 7bcf/d has outgrown pipeline capacity Montney gas has been priced at a steep discount to Henry Hub…
Shell - LNG Canada C40 billion to be invested by LNG Canada, a LNG Canada, Kitimat BC consortium operated by Shell, in an LNG terminal at Kitimat on the west coast of Canada Biggest ever infrastructure project in Canada 13 mtpa…
Chevron & Woodside - Kitimat LNG Kitimat LNG, Canada, BC The proposed Kitimat LNG project, is a Chevron operated join venture with Woodside Energy to be constructed at Bish Cove, near the town of Kitimat on Canadas West Coast Woodside…
Canadian LNG Projects Summary 145.5mpta (19bcf/d) 37.5mpta (4.9bcf/d) When Shell and Partners announced an FID for their LNG Canada project in October 2018, it was the first greenfield liquefaction project to be sanctioned in…
Canadian LNG Projects Location 47
Next Wave Of LNG Global natural gas consumption is set to grow by 45% over the next 25 years (CERI, 2019) To meet this demand, the Liquified Natural Gas (LNG) narrative is set to garner significantly more attention through 2019 with…
Canadas LNG Opportunity - Shipping Shipping Distances to Asian Markets (Right) Source: sea-distances.org, and Haywood Securities LNG Value Chain Costs as % of Total Costs (Left) and LNG Value LNG Ship Charter Rate Chain Variance…
Loading...
