Company Overview and Strategy International oil and gas company focused on the acquisition, exploration and development of unconventional oil and gas properties Corporate strategy is to: Acquire large acreage positions in…
Board of Directors John Craven, Chairman Appointed Sept 2011 Petroleum Geologist with 35+ years E&P experience Formerly Cove Energy, Petroceltic and Dana Petroleum Philip OQuigley, Director & Chief Executive Officer Daryl H…
Management Team Philip OQuigley, Director & Chief Executive Officer Appointed CEO in May 2012 and to Board in Sept 2012 20+ years E&P experience across London & Dublin Previously Finance Director of Providence Resources Dr. Gbor…
Beetaloo Basin, Northern Territory, Australia Falcon Oil & Gas Australia Ltd* (FOGA) - Asset Overview Summary FOGA holds 30% interest in 3 exploration permits EP98 Covers c. 4.5 million gross acres of Beetaloo Basin, NT, 10,257 km2…
Terms of the Beetaloo Farm Out Farm-Out Deal with Origin and Sasol Executed May 2014 Total value of the deal is estimated at A200m which includes an upfront payment of A20m in cash. Origin and Sasol each earn 35% with Origin as…
Beetaloo Basin, Australia Beetaloo Basin - Timeline Farm-in agreement announced - May 2014 Drilling 2 fracced Drilling 3 horizontal wells & vertical wells production testing Yr 1 - 2014 Yr 2 - 2015 Yr 3 - 2016 Yr 4 - 2017 Yr 5…
New JV Partners: Origin and Sasol About Origin Origin is the Operator for the upstream APLNG Project This is a Coal Seam Gas unconventional project in a joint venture with ConocoPhillips in Queensland, Australia The Project extends…
Beetaloo Source Rocks new permit outline colour shading indicates depth of target shale (mid-Velkerri) old permit boundaries 11
Unconventional Hydrocarbons in the Beetaloo Basin 14
Shenandoah-1A Well Testing, November 2011 Shenandoah-1A Shenandoah well was drilled into the Tindall Lm. Antrim Vol. deepest part of the basin in the gas window Bukalara Ss. to test unconventional shale Hayfield Mdst. Upper Kyalla…
Northern Territory, Australia Northern Territory Investment and Applications and Granted Licences 2009 vs. 2012 Fiscal Conditions Vast majority of Northern Territory land granted or under application for petroleum exploration Major…
Unconventional M&A Australia Total to invest US190m in Georgina Basin with Central Petroleum Santos to invest Chevron to Nov 2012 US150m in invest US349 M Amadeus and in Cooper Basin Pedrika Basins with Beach with Central…
Karoo Basin, South Africa Asset Overview & Location Summary Technical Cooperation Permit (TCP) granted 2009 Covers c. 7.5 million acres onshore Karoo Basin Falcons TCP adjacent to Shell TCP Potential Resource (EIA June 2013)* Karoo…
Karoo Basin, South Africa cont. Karoo Basin - Timeline Environmental Technical Cooperation Management Programme Chevron Agreement Permit granted submitted announced October 2009 January 2011 December 2012 2009 2010 2011 2012…
Mak Trough, Hungary Summary Hold 100% interest in a production licence granted 2007 Covers 245,775 acres within the Mak Trough, Central Pannonian Basin Hungary The Deep Unconventional Play Significant contingent resources in…
Mak Trough, Hungary Asset Overview & Location AVO amplitude First Algy well (Ktvlgy-1) Potential Resource (RPS Energy Jan 2013) Shallow Algy play contains gross recoverable prospective resources of 568 BCF (P50) Algy Formation main…
Potential Value Drivers Estimated Q2 2014 Q3 Q4 2014 2015 Timeline Completed farm-out Prepare for drilling Drill and frac 1 vertical Beetaloo Basin, deal with Origin and program. Drill first 3 well. Sasol vertical wells…
Estimated Capex Program 2014/2015++ Potential Estimated Estimated No. of Wells Gross Cost Net Cost Beetaloo Basin, Northern Territory, Australia USD USD Hess estimated Capex to Date 80 M 0 New farm out deal to include the drilling of…
Value proposition of early entry in unconvential shale plays Production Recent transactions demonstrate Production History 100s of wells drilled increasing market value of acreage Monetise 18,489 / acre1 positions as they progress…
Corporate Information Share Capital Major Shareholders Common shares in issue 921,537,517 Burlingame Asset Management 13.67 % Share options outstanding 34,952,000 Soliter Holdings Corp 12.32 % Warrants outstanding 10,000,000…
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