Investor Presentation Currently Drilling High Impact Rend Lake Oil Prospect December 2013
Investment Highlights Rend Lake Oil Prospect Currently Drilling High Impact Oil Exploration Well Spudded late November, target to be reached mid December Experienced Industry Operator Anschutz Corporation Large Resource Target…
TMK Project Locations ASX Code: TMK - December 2013 3
Capital Structure Shares and Notes Ordinary Shares 6,396m Convertible Notes at 0.05c 1,200m Total Shares and Notes 7,596m Options 300m exercisable at 0.15c 3,200m exercisable at 0.5c ASX Code: TMK - December 2013 4
Rend Lake Prospect TMK holds a 20% WI in the Rend Lake Oil Prospect in Southern Illinois, 9,040 acres High Impact Oil Exploration Well, Success Case = Company Maker Asset Industry Credentialed Operator Anschutz Corporation Anschutz…
Illinois Basin The Illinois Basin is a prolific basin, which has produced over 4 billion bbls of oil and 4TCF of gas Over 140,000 wells have been drilled and 32,000 remain on production The Rend Lake Prospect sits clearly over the…
Rend Lake Prospect Evidence and Model A tightly controlled linear sag occurs in coal seams over the Rend Lake Fault Zone The timing of the sag is likely related to deep-seated basement structuring It is proposed that the sag is a…
Rend Lake Prospect Analogues Albion-Scipio Field in Michigan Discovered in 1957 Developed with 20 acre spacing using vertical wells delineated by dry hole drilling IP of 1000 bopd per well 130MMbbls EUR Albion-Scipio Other…
Rend Lake Success Case Impact Prospect target of 67.5MMbbls recoverable TMK Working Interest 20% = 13.5MMbbls In the ground value range is 25-50/bbl (as de-risked by appraisal and development drilling) Assuming initially 25/bbl in…
Duvernay Shale Acreage - Alberta Early mover secured strategic acreage position TMK holds 8% interest in 60,000 acres Initial acreage sale in Q1 2012 recovered the original entry costs (1.3m) Additional partial sale in September…
Fusselman, Texas (TMK 12.5%) Clayton Johnson 3F well drilled December 2012 to a TD of 9,883ft Discovered 12-14ft of oil in the high porosity Fusselman Dolomite Production commenced at 80bopd, however current production 30bopd &…
West Klondike, Louisiana (TMK 10.2%) Wilbert Sons LLC1 well drilled in Q4 2012 E-logs indicate a total of 45ft of oil/wet gas pay in Lario Sands and Upper & Lower Nod Blan formations Production facilities and export pipeline to…
TMK Value Proposition Success at Rend Lake at 25-50/barrel NPV in ground valuation would be a Company Making Asset Rend Lake Oil Prospect - Drilling Now A high impact oil exploration opportunity Potentially 13.5MM bbls recoverable net…
Rend Lake Well Location Rend Lake Fault Zone SAG Trend abandoned rail line Lawrence Farms Well 1 - Location Photo 2 Photo 1 Road Farm track Photo 1 Photo 2 ASX Code: TMK - December 2013 14
Loading...
