3D Oil Limited Australias next Oil Producer Good Oil Conference - Fremantle 4 September 2013
Agenda 1. 3D Oil Overview 2. West Seahorse Development 3. VIC/P57 Exploration 4. New Field Exploration (T/49P) 5. Conclusion Page 3
1. 3D Oil Overview 4 Page 4
3D Oil Snapshot An oil and gas company with exciting development plans and strong growth potential. Key Assets Key asset is 49.9% of VIC/P57 offshore permit Planned development: West Seahorse oil field (9.2mmbbl, 2C) Leading…
2. West Seahorse Development 6 Page 6
West Seahorse Field Estimated to contain 2C contingent resources of 9.2 mmbbl. Overview Resource mmbbl Located 14km offshore from the coast 35m of water 1,400m drilling depth Reserves contained within two high quality…
Development Plan is now locked in Offshore production is planned using a MOPU, FSO and Calm Buoy. Two production wells Drilled and completed by a Modular Drilling Rig Wells be completed on the Mobile Offshore Production Unit…
West Seahorse Development has a rig West Seahorse JV purchases jack-up The Britannia is a large 4 leg jack-up rig that will be converted to a MOPU Suited to the harsh operating conditions of the Bass Strait Previously working long…
West Seahorse Indicative Economics West Seahorse has high early production…
3D Oil remains on target for drilling within 12 months Key next steps are FID and financing prior to commencing drilling in late 2014. Significant progress has been made in 2013 2012 1H 2013 Current Hibiscus farmin (December)…
3. VIC/P57 Exploration 12 Page 12
Exploration targets VIC/P57 is located on trend of a prolific sweet spot in the Gippsland Basin, - with an historical success rate in the region of better than 2 in 3. The permit was renewed in August 2011, and covers approximately…
Sea Lion Prospect Sea Lion has a best estimate prospective resources of 11 mmbbl. Sea Lion targets the Upper Latrobe group On trend with the oil discoveries in region reservoirs, similar to the West Seahorse field An independent…
Felix Prospect Felix has the best oil address in Australia. Large inversion feature along the Rosedale Fault Lakes Entrance Felix System with potential for large oil reserves Lakes Entrance Felix Located between two oil fields…
Near Field Exploration Hippo Hippo is feature within the greater West HIPPO Seahorse closure Potential for sand development in N-0 sand (mistakenly termed the Gurnard Formation) which was poorly developed in Wardie-1 but contained…
4. New Field Exploration (T/49P) 17 Page 17
T/49P Overview 3D Oil is currently 100% equity holder in T/49P Interpreted to contain all the geological A potentially significant Australian gas province elements required for sizeable accumulations of hydrocarbons Adjacent…
T/49P Prospectivity Permit has all the ingredients for an rich and active petroleum system Numerous large leads identified on regional 2D seismic of similar size to Thylacine Sequence stratigraphic analysis indicates most of the…
5. Conclusion 20 Page 20
3D Oils time has arrived After 10 years of preparation, first oil is anticipated within 18 months (early 2015). Final Investment Decision for West Seahorse First oil is on the horizon development is targeted within 6 months…
Contacts Noel Newell Managing Director 3D Oil Limited Level 5, 164 Flinders Lane Melbourne, Victoria 3000 Phone: +61 3 9650 9866 Fax: +61 3 9639 1960 Email: nnewell3doil.com.au Page 22