Entek is US focused with a substantial acreage position in the Niobrara Oil Resource Play, including an area of enhanced potential due to embedded Igneous Intrusive Sills. Enteks US portfolio is balanced with non-operated production and…
EQUITY PROFILE & CASH POSITION Ordinary Shares 510,657,387 Unlisted Options 3,000,000 16% Fund Managers Market Cap 15m 3.0 cents High Wealth Individuals 8m 30 Sept 57% 21% Cash Board and Management 2014 Debt NIL Other 6% Current…
BOARD & MANAGEMENT Trent Spry Chief Executive Officer / Managing Director Exploration background with over 20 years international experience, ex BHP Petroleum and Woodside Energy. Kim Parsons US Country Manager Exploration background…
PROJECTS / ASSETS NIOBRARA OIL RESOURCE PROJECT 60,000 net acres in the Niobrara Oil Resource Play (Sandwash Basin) Adjacent Operated AOI (including Focus Ranch Unit) and Non-Operated AMI (Battle Mountain) Strong industry activity in…
HIGHLIGHTS PREVIOUS 12 MONTHS BATTLE MOUNTAIN AMI WORK HAS PROGRESSED TO DRILL READY STATUS: - Entek free carry in 3D seismic (completed) & 3 wells (ready to drill 2014/2015) Acquired an extensive (376 km2) 3D seismic survey in the…
Enteks Gulf of Mexico portfolio consisting of production and royalty interests are low risk and require little management time. Positive cash flow (US2.5 MM/YR) supports corporate overheads Trent Spry, CEO, Entek Energy Gulf of…
ENTEKS GULF OF MEXICO BLOCKS Yearly revenue expected to be 2.5m in 2014/2015 VR342 now has 4 wells capable of producing with revenue expected from all 4 in early 2015 GA A133 forecast to continue steady production into 2015…
Although the Niobrara has a long production history in the Sandwash Basin only recently have we seen the first 600 to 1,000+ BOPD IPs in the area from unstimulated & stimulated lateral completions respectively. Enteks acreage is located…
CURRENT NIOBRARA HOLDINGS Showing newly permitted wells in Battle Mountain AMI Oper Gross WI Net Acres Lease Area ator Acres % Entek Battle Mountain AMI GRMR 134,000 20% 19,350 Entek AOI (FRU Leases) Entek 42,750 89% 36,630 100…
NIOBRARA PLAY MAP Showing newly permitted wells in Battle Mountain AMI 3D Seismic interpretation is yielding significant drill targets and confirms the highly prospective structural trends into the Focus Ranch Unit 15-8 Seismic…
COBB & McKEE NIOBRARA TESTS SW < 7.33 miles < 4.6 miles < 2.18 miles < 3.45 miles NE SWEPI Ltd Partnership North Central Oil GRMR GRMR Vessels Oil & Gas Co. Dry Sage Sheehan SM Federal 1-23 1 Cobb McKee 5-19 (projected 3.6 miles…
SANDWASH BASIN MAJOR ACTIVITY Entek 12-1 IP 240 BOPD 2.75 MMcfgpd Recent industry flow rates as high as 620 SM 12-20 BOPD (Unstimulated) & over 1,000 BOPD IP 549 BOPD Cum. 430 MBOE (Stimulated) have been accomplished in the area…
2014/2015 BATTLE MOUNTAIN ACTIVITY BATTLE MOUNTAIN AMI Continuing interpretation of new 3D Seismic (376 km2) Currently waiting on permit approvals for drilling FREE-CARRIED in the first 3 wells targeting the Niobrara & additional…
FOCUS RANCH UNIT Current Access Status Court Ruling in Enteks favour to access mineral interests across the FRU Butter Lake Road Bonds submitted for crossing necessary surface Working with BLM on required regulatory approvals…
IGNEOUS INTRUSIVE (SILL) PLAY Focus Ranch is a key asset for Entek given its highly prospective geological setting Focus Ranch is considered a potential sweet spot of the Niobrara Oil Resource Play due to: existence of igneous sills…
IGNEOUS SILL PLAY Large vertical fractures seen on all scales Focus Ranch igneous intrusive sills have porosity & fracturing (Outcrop, FMI and Core (under Fluorescence) Shown Cored Section on FMI Core fluorescence showing…
DINEH-BI-KEYAH FIELD IGNEOUS SILL RESERVOIR ANALOGUE Vertical Scale (feet) ENTEK Focus Ranch 1800 FRU 12-1 Unit ANALOGUE TO THE Dineh-Bi-Keyah FOCUS RANCH UNIT : 1600 HUMBLE Geologic Similarities No. 1-138 Sec. 6, T35N, R30E…
FOCUS RANCH IGNEOUS SILL POTENTIAL (c.f. DINEH-BI-KEYAH Field Analogue) Dineh-Bi-Keyah Dineh-Bi-Keyah Oil Field (overlain size) 75 Average Sill Thickness 4 Sections 2560 Acres Recovered 18.5 MMBO Butter Lake Federal 32-10 Focus…
2014/2015 FOCUS RANCH UNIT ACTIVITY FOCUS RANCH UNIT Continue to capitalise on the recent success in regaining access to the Focus Ranch Unit (FRU) 12-1 well Continue to consolidate working interest partners in the Focus Ranch…
Entek is fully funded for its medium term activities, being free carried in 3 Niobrara wells in 2014/2015 and with revenue from the Gulf of Mexico supporting overheads. Upon a successful Niobrara drilling campaign the Company would expect…
STRATEGY & OBJECTIVES Validate geological model of Niobrara Oil Resource Play within Entek leases by way of drilling based on modern 3D seismic, including the first ever horizontal Establish commercial production from newly drilled…
HISTORIC PEER COMPARISON Aurora Oil & Gas Eagle Ford Shale Technology Relative Share Price Several failed optimization with vertical & horizontal wells / fracs new experienced Based on historical peer operator performance…
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