K Wilson, MD Investor Update Augu013 AGM November 2013 Fitzroy Blocks- the new story K Wilson Managing Director
Strategic transition- progressing Move from coal development to oil and gas exploration Canning Basin Increased investment in Fitzroy Blocks Duchess Paradise thermal project slowed coal exploration JVs sought Map shows…
2013 key event- Fitzroy Block deal March 2013- acquired Fitzroy Blocks additional 15% interest Buru 37.5% (operator) in EP457 & EP458 Mitsubishi 37.5% (Fitzroy Blocks) Rey 25% 2.5M contiguous acres 6M for 15% Reys 25% 10% free…
Fitzroy Blocks- oil and gas exploration 25% interest: meaningful position in potential extensions to Australias best new onshore oil discovery Ungani conventional oil discovery by Buru is play opener conventional dolomite…
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 5
Canning Basin- attracting majors 6
Ungani- play opener Ungani* 15km from EP457 +50m oil column 37 deg API- sweet 10-20mmbbls gross 10mmbbls min median Major focus 2013-14 235km 2D seismic + gravity in 2013 on Ungani trend more seismic 2014 1+ wells dependng…
Laurel- potential world class accumulation Independent regional assessment of Laurel for Buru* 56TCF gas, recoverable 1Bbbl oil, recoverable low CO2, no H2S Extends into Fitzroy Blocks production assessment in 2014 (not Fitzroy…
Activity- Ungani wells are drivers 2013 2014 Fitzroy Blocks Fitzroy Blocks 2D seismic (EP457) first well (depending on gravity survey results) Duchess Paradise more 2D seismic permitting Duchess Paradise Coal Exploration…
Corporate ASX code REY Shares on issue 631M Rights 7.5M Share Price 10c Market Cap 63M Cash 6M (29 Nov) Major Shareholders Ricky Holdings/Crystal Yield 19.9% ASF 18% W Liu 12% J Lee 7% Non-Executive Directors Min Yang…
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