Morgans Emerging Companies Conference Presentation April 2014
Company Snapshot Name: Byron Energy Limited ASX code: BYE Issued capital: 128m ordinary shares 37m options exercisable at 0.50 before 31/12/16 Market cap: 104m 0.81 Cash US12m (as at 31/12/13) First well: Byron Energy South Marsh Island…
Byrons Strategy Experienced Team Maintain a small, highly motivated and experienced staff with a proven track record of success in the Gulf of Mexico. Gulf of Mexico Specialists Focus on oil prospects in the shallow water of the highly…
Byrons Assets: Gulf of Mexico Lease Portfolio 4
Blocks Owned Properties Operator WI/NRI* (%) Properties Operator WI/NRI* (%) South Marsh Island Block 6 Byron 100.00/81.25 Eugene Island Block 191 Byron 100.00/81.25 South Marsh Island Block 70 Byron 100.00/81.25 Eugene Island Block 210…
Board of Directors Doug Battersby Non-Executive Chairman (MSc Petroleum Geology and Geochemistry) Petroleum geologist with over forty years technical and managerial oil and gas experience. Co-founded Eastern Star Gas, SAPEX and Darcy…
Operating Track Record Wells initiated by Byron executives Doug Battersby, Maynard Smith and Prent Kallenberger (prior to founding Byron) have produced 22 MMBbls of oil and 263 Bcf of gas since 1992. This equates to an average of over…
Corporate Track Record Petsec Energy Limited From 1990 to 1997, Maynard Smith and Doug Battersby (joined by Prent Kallenberger in 1992) were directly in charge of the exploration and development activities that resulted in the outstanding…
South Marsh Island 6 Salt Dome Project Operator: Byron Energy, Inc Working Interest 100% Net Revenue Interest 81.25% Acquired: OCS Sale 210 March 2010 321,696 Water Depth: 65 Block Production: 18.5 mmbo + 37 BCF 9
SM 6 Location Map (Total Field Production 40.0 mmbo + 253 BCF) SM 6 SM 7 SM 288 WD: 56 WD: 56 WD: 49 Production: 18.6mmbo + 36.4bcf Production: 159mbo +39.0bcf Production: 11.3mmbo +169.6bcf Operator: Byron Energy (100% WI) Operator:…
SM 6 - From Map to Rig Permitting Process Started March 2013 A 12 Month Journey Now Ready to Drill 11
Regulatory Approval Process 12
Navigating the Regulatory Approval Process The Gulf of Mexico is a complex regulatory environment however. Byron now has the expertise and experience to successfully permit wells in this environment Permitting is a barrier for…
South Marsh Island 6 - By the Numbers Geological & Geophysical Permitting & Operations 6 3D Surveys 444 Pages: Oil Spill Response Plan 125 Pages: EP - Confidential Version 71 3D Data Types 69 Pages EP Public Version 1562 Square…
72 Caisson - Section 3 Twin Brothers Marine Franklin, Louisiana January 2014 Louisiana Black Bear tracks at Twin Bros. Yard 15
72 Caisson - Installation South Marsh Island 6 Lease Offshore Louisiana February 2014 16
SM 6 Geology and Geophysics Why SM 6 RTM processing indicates the presence of a salt overhang and significant volume updip to old, previously productive wells drilled on the block. Old Wells on the block did not have sand control.…
Anisotropic Reverse Time Migration State of Play Full Wave Equation Migration A two way WEM migration (from both the source and the receiver) Handles complex velocity fields (like salt bodies), images steep dips ( 70 degrees), yields…
Imaging Evolution - SM 6 BYRON ENERGY INC. HAS LICENSED THIS DATA FROM FAIRFIELDNODAL. FAIRFIELDNODAL IS THE OWNER OF THIS DATA. FAIRFIELDNODAL MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND OR DESCRIPTION, EXPRESS OR IMPLIED, WITH…
BYRON ENERGY INC. HAS LICENSED THIS DATA FROM FAIRFIELDNODAL. FAIRFIELDNODAL IS THE OWNER OF THIS DATA. FAIRFIELDNODAL MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND OR DESCRIPTION, EXPRESS OR IMPLIED, WITH RESPECT TO THE DATA EXCEPT…
TD for SM6 1 Future Deep Targets Conventional Depth Migration - XLine 4385 Anisotropic Reverse Time Migration (ARTM) - XLine 4385 TD for SM6 1 Future Deep BYRON ENERGY INC. HAS LICENSED THIS DATA FROM FAIRFIELDNODAL.…
Byron Energy SM6 1 Well P Twin BYRON ENERGY INC. HAS LICENSED THIS DATA FROM FAIRFIELDNODAL. FAIRFIELDNODAL IS THE OWNER OF THIS DATA. FAIRFIELDNODAL MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND OR DESCRIPTION, EXPRESS OR IMPLIED,…
Primary Geologic Targets - SM6 1 Well Byron Energy SM6 1 B11 F Sands Multiple G20 Sand independent reservoir targets in H Sands first well I Sands TD for SM61 Well Deep targets for future well 23
SM6 1 Well - G20 Target 3/70 to 2/74 Perfs from 9412 to 9416 321,000 BO + 1.185 BCF + 0 BW 3/74 to 6/75 Perfs from 9496 to 9502 65,000 BO + 1.09 BCF + 47 BW G20 Sand sidewall core data: Average Perm: 450 millidarcies Average…
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SM 6 B52 ST2 G20 Oil not Perfd SM 6 B11 385 mbo + 2.2 bcf + 47 bw 26
Eugene Island 63/76 Salt Dome Project Operator: Byron Energy, Inc Working Interest 100% Net Revenue Interest 81.25% Acquired: OCS Sale 227 March 2013 172,200 Each Block Water Depth: 20 Combined Block 1.5 mmbo + 74 BCF Production:…
Location Map WD: 20 EI 63 WD: 20 EI 62 EI 63/76 Production: 378mbo +54.3bcf Production: 744mbo +102.9bcf Operator: Byron Energy (100% WI) Operator: Fieldwood Energy Acquired : 01/05/2013 Status: Producing Total Field…
EI 63/76 Salt Dome Project Why EI 63/76 The EI 63 Dome has been a prolific oil and gas producer beginning in 1957 6.4 mmbo + 360 bcf Preliminary 3D interpretation indicates at least four areas where future wells can be drilled for new…
EI77 Hunt 10 Type Log with Cumulative Sand Production from Dome 30
EI 76 1 EI 62 3 Nth-Sth Arb. Line BYRON ENERGY INC. HAS LICENSED THIS DATA FROM WESTERNGECO. THIS DATA IS OWNED BY AND IS A TRADE SECRET OF WESTERNGECO AND PRTECTED BY U.S. AND INTERNATINAL COPYRIGHTS. THE USE OF THIS DATA IS…
Previous U1 Sand Production Updip Attic Potential 32
South Marsh Island 70/71 Salt Dome Project Operator: Byron Energy, Inc Working Interest 100% Net Revenue Interest 81.25% Acquired: OCS Sale 222 March 2012 166,620 Each Block Water Depth: 131 Combined Block 3.9 mmbo + 10 BCF…
Location Map WD: 125 SMI 57 Production: 849mbo +14.5bcf SMI 58 SM 70/71 Operator: Castex Off WD: 125 Status: Primary Production: 35.2mmbo +265.2bcf Operator: Fieldwood En Lease Status: Producing Total Field Production 113 mmbo…
South Marsh Island 70/71 Salt Dome Project Why SM 70/71 SM 70 Dome has prolific oil production above 7500 TVD: 75 mmbo Preliminary RTM data has defined the structural setting for previously productive sands around the dome. RTM data…
SM 70/71 - Full Waveform Inversion Produce 3D Seismic attributes at the reservoir level: Acoustic and elastic impedance volumes Porosity and pore pressure analysis Various geophysical attributes Poissons Ratio AVO FWI uses the full…
SM70 Salt Dome Byron Areas of Interest SM 70: J Sand Productive in SM 57 C4 1.6 mmbo Area of interest SM 71: J Sand Productive in 4 horizontal wells on SM 71. Area of interest 37
SM71 J Sand 4 completions total 3.35 mmbo Best well: JC 3ST2 1.297 mmbo 5/1995 to 8/2001 In May 1966, Shell drilled DSTs the Shell 2 which tested 118 bopd of 37.5 API oil from a sand we have correlated to be the J Sand. 3D data…
SM71 J Sand 39
Strategy Recap Experienced Team Proven track record with over 30 years Gulf of Mexico experience for each staff member Gulf of Mexico Specialists Byron has the staff, contacts and experience to successfully permit and operate in the…
Contact Information For more information please contact: Maynard Smith Prent Kallenberger Chief Executive Chief Operating Officer Byron Energy Limited Byron Energy Limited Tel: +61 (0) 447 899 209 Tel: +1 337 769 0548 41
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