urs in the working day tha n those hours that concer EMPIRE OIL & GAS NL ed excepts on those rar derson Lee prefers emplo s ABN 55 063 613 730 Ground Floor 229 Stirling Highway CLAREMONT 6010 11 February 2015 WESTERN…
Investor Presentation 11 February 2015 For personal use only Building a NEW Empire in the Perth Basin n tho se h o ur s that ed excepts o n th o d erso n L ee p r efers s
The New Empire Oil & Gas For personal use only OPERATIONAL Empire Oil and Gas Capital Structure as at 31 December 2014 Largest landholder in Perth Basin 12,000sqkm quality acreage (80-100%) Shares on issue 7,064m Strong production…
Strategy Refocusing on the Perth Basin Perth Basin Core Focus Area For personal use only 11 exploration tenements Proven petroleum systems with diversity of hydrocarbon plays Acreage covering approx. 12,000 sq km Four focus areas…
Investment Highlights For personal use only Strong, experienced board and Well rounded team focused on shareholder returns management team Significant Perth Basin exploration and production experience Profitable producer Red Gully…
Red Gully Production - Gas/Condensate + LPG For personal use only Potential to Gas Transported Via Condensate to BP increase production Red Gully DBP pipeline to Kwinana capacity and add Alcoa LPG stripping Production…
Red Gully production & profit performance For personal use only Over 15 months of Red Gully production Commissioning completed in September 2013 Initial production declines rectified with production now stable at 8 TJ/day Revenue…
Red Gully January 2015 Reserves Upgrade For personal use only RISC independent reserve study released in January 2015 after 6 months of steady B Sand production 2P gas reserves up 46% to 14.65 PJ(100% basis) at 1 January 2015 2P…
EP 389 - Near field exploration potential For personal use only Four high quality exploration prospects 3D seismic coverage Gingin Close proximity to existing facilities Low cost development potential Gingin Updip of existing…
Gingin Updip Low risk exploration For personal use only Gingin-1 1960 wet gas discovery Combined flow 16 mmcf/d plus condensate Combined total Flow Old well-Drilled 50 Years ago 16.6 mmcf/d Used Heavy Mud Old technology DST 19 -…
Gingin Updip For personal use only urs in t he working n tho se h o rust ha t ed ex cept s o nho d rso e nL e ep r e frse s 11 EMPIRE OIL & GAS NL
Red Gully Production Hub Potential Gas Rate (TJ/d) use only Red Gully Production Hub Potential 16 Jan17: Plant Upgrade to 15TJ/d and tie-in GG East Gingin East 14 Discovery Gingin-1 Updip 12 Jun16: Tie-in GG-1 Updip…
WA domestic gas market For personal use only NWSJV (Woodside operator) is moving towards the point where its gas reserves are depleted In the absence of successful exploration, ACIL Allen believes NWSJV domgas supply will be…
North Perth Basin permits adjacent to AWEs recent discovery For personal use only AWE Senecio/Waitsia* EP368 EP426 Reported to be the largest gas discovery in the Perth Basin since the 1960s Initial 2C Contingent Recoverable…
Building the prospect inventory For personal use only Outside of those areas with existing 3D seismic, there is insufficient sub-surface image data available to support risk covered drilling Urgent need to improve sub-surface…
Leads and prospects inventory funnel For personal use only Drill Ready Drill Ready Producing Acreage Leads Prospects Prospective Contingent Field Resources Resources Reserves EP 389 Wannamal Gingin Updip Red Gully Bootine Deep…
2015/2016 Planned Work Programme Subject to Fund Raising & Rig Contract For personal use only urs in t he working n tho se h o rust ha t ed ex cept s o nho d rso e nL e ep r e frse s 17 EMPIRE OIL & GAS NL
CY 2015 funding requirement For personal use only Source of funds (Am) Rights issue 10.0 Red Gully cash operating surplus 5.5 Other (reserve based lending/royalty stream funding/other) 5.0 Total source of funds 20.5 Use of funds…
Summary Why Invest in Empire For personal use only Profitable gas producer with reserves base at Red Gully (100%) Significant Red Gully tie-in exploration upside through EP389 Attractively priced CPI linked gas sales agreement with…
Appendices For personal use only urs in t he working n tho se h o rust ha t ed ex cept s o nho d rso e nL e ep r e frse s 20 EMPIRE OIL & GAS NL
EP389/L19 - Exploration Prospects Contingent and Prospective Resources For personal use only Gingin Drilling planned in Q3/Q4 2015; Gingin East Drilling planned for Q4 2016; RISC estimate a 50% chance of success for the RISC estimate…
Emerging unconventional potential in Empire acreage For personal use only Empire holds extensive acreage with unconventional resource potential AWE hold permits between Empires EP 432, 389 & 440 and EPs 368 & 426 Recent drilling…
EP 432 Contains the Southern Extension of the AWEs Kockatea, Carynginia, Irwin River and High Cliff Unconventional Plays in addition to Jurassic Potential. EP 368 & EP 426 Contain the Eastern Extensions of the Play. For personal use…
What the Analysts think For personal use only urs in t he working n tho se h o rust ha t ed ex cept s o nho d rso e nL e ep r e frse s 24 EMPIRE OIL & GAS NL
Australias three major onshore Petroleum Basins Prolific hydrocarbon basins located close to well developed infrastructure and markets For personal use only Majors BG, Total, PETRONAS, Conoco- Large Independents Phillips, Origin,…
Gingin East - LC1 Time Structure Map For personal use only urs in t he working n tho se h o rust ha t ed ex cept s o nho d rso e nL e ep r e frse s 26 EMPIRE OIL & GAS NL
Loading...
