Investor Update Augu013 AGM Presentation 26 November 2014 MD Kevin Wilson
Introduction WA energy developer Oil exploration in 2 key basins in WA Canning (Fitzroy Blocks) Perth (EP437) Coal Duchess Paradise: permitting and title regimes 3
Introduction Rey Resources Navarre Minerals Ltd AS:NML ASX CODE: REY Major shareholders Cash 1.5M (1) ASF 19.7% 659.9m fpo shares Wanyan Liu 12.7% Crystal Yield 10.7% 4.9m rights Market Capitalisation: Board 66m Min Yang…
Introduction 2014 Extended petroleum portfolio into Perth Basin Dunnart-2 drilled 20m oil show production test in 2015 + 2 exploration wells Canning basin seismic acquisition on Fitzroy Blocks preparation for 2 wells in 2015 in…
Canning Basin Fitzroy Blocks 25% interest in Fitzroy Blocks (EP547 & EP458) 10% interest free carried on key Ungani oil trend ownership Rey 25% MC 37.5% Buru 37.5% operator still maturing exploration 145kms 2D seismic in 2014…
Fitzroy Blocks 3 major trends Ungani conventional, proven oil key priority Laurel unconventional tight gas in sandstone massive potential Goldwyer unconventional oil to wet gas in shale untested 7
Fitzroy Blocks 3 trends 8
Ungani trend Senagi Prospect Ungani (1) 15km from Fitzroy Blocks +50m oil column 37 deg API- sweet 10-20mmbbls gross 10mmbbls min median Senagi up dip from 12m oil show in mineral core (Camelgooda-1) 800m to top of target…
Senagi Prospect Figure source: Buru Energy 10
Laurel trend world class accumulation independent regional assessment of Laurel for Buru (1) 56TCF gas, recoverable 1Bbbl oil, recoverable low CO2, no H2S extends into Fitzroy Blocks longer term asset (behind oil program) (1)…
Perth Basin EP437 north Perth Basin 55k SE of Geraldton 14km NNW of Dongara gas field ownership Rey 43.47% Key 43.47% (operator) Caracal 13.06% 12
Dunnart-2 target drilled 2014 Top Depth Map Play is combination of structural/stratigraphic with shale-shale juxtaposition across main bounding fault. Prospective resource (1): Low Estimate of 1.1MMBL; a Best Estimate of 2.1MMBL;…
Dunnart-2 live oil reported 2.87m live oil at top of Bookara Sandstone from 614m further 2m live oil from 625m 20m total oil show through sediments into basal granites drill stem tests suffered mechanical failure drilled to 654m-…
Wye Knot & Conder South Prospects Wye Knot(1) 3-way dip closed anticline down dip of Wye Knot-1 gas discovery Conder South 11km closure down dip of Conder-1 with shallow oil shows (199-211m) prospective resource under estimate…