Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Emerald Oil & Gas NL — Shareholder Meeting (November 2006)
28 slides from Emerald Resources Nl's shareholder meeting presentation, Nov 28, 2006
Slide 1: Emerald Oil & Gas NL AGM Presentation
Emerald Oil & Gas NL AGM Presentation November 2006
Slide 2: Slide 2
Slide 3: Management and technical team
y. g ; y EXD corporale lawyer with extensive transactional and board level experience. Bob Berven — Executive Director - Technical; Geologist with 40 years experience in USA, Canada, Indonesia and Australia. John Hannaford — Executive Director - Finance; CA with 18 years finance and Corporate Financ
Slide 4: Drilling program and project summary
(Gross) (AUD$) Pandura (gas) S. Texas 13-20 Bef 16% 1-2 MMCE $553,000 Glamour Girl (gas | S. Texas 20 Bef 15% 25 MMCPF $250,000 and condensate) Greenbush #2 N. Dakota 40+ MMBO 15% 100 — 150 $145,000 (oll) BOPD Stokes Bay #1 Canning 10.3 MMBO 18.75% 4.0 MMCF $600,000 (gasicondensate) | Basin, WA 124
Slide 5: US Projects
AR Bi GL i & Emerald ey ions Ww c Q 2 wa ec US Proj
Slide 6: Pandura project details
Secondary: Navarro Formation (Upper Cretaceous) Well depth: 8,700 ft Emerald interest: Paying 22.5% interest in the first well to earn 15% Wi Royalties: 28% Hydrocarbon Potential: Lobo 1sand: /2Bcf Lobo3 Sand 2.7 Bci Navarro sand. 2.0 Bcf Timing: January 2007 Est. flow rate: 1-2 MMci per day Est. Pa
Slide 7: Pandura project map
i ica a el HEN ES ‘SULF CILCOR HL & GA Emerald ) yl c 5 Be, s 2 E See Shee z ft te 2 eons 8. $3. a , é FA Geis ba - §9 N ow = - Ne CHEVRON U: 16, e perm panduy apics
Slide 8: Webb County, flow rate estimate
Webb County, flow rate est @ 1-2 MMi per day. Emerald will earn a 15% interest held by Dayiona Energy. Lobo sands 1-6 and Navarro sands are recognised largels. Potential multi-well development program in event of a discovery. Minimal development costs. Emerald heads up after first well. Economics ve
Slide 9: Glamour Girl project details
Well Depth, 8,000 feet Control: 2-D Seismic/Wells Emerald interest: Pay 20% for 15% WI in first well Royalties: 25% NR 75% Reserve Potential: 20 BGF Gas, 1 million bbls oil (C’ sand) 20 BCF Gas, | million bbls oil (B’ & D’ sands) No. of wells: 6-10 Est. flow rate 2-—2.5mmcid Operator Anderson Oil Cu
Slide 10: Glamour Girl Project
Glamour Girl Project (=== OL &h GAS Ht a igh reserve potential play mapped from 2-D seismic and surrounding well control. Reduced drilling costs as target zones are not over- pressured’. First well will offset Arcos Elizabeth Taylor well which had strong gas shows in the Queen City “C) sand. 2000 ac
Slide 11: Gas prospect details
Well Depth: 8,500 / 13,000 feet Control: 2-D/3-D Seismic/Wells Emerald interest: 25% Royalties: 28% NRI 72% Reserve Potential. |QC — 30 BCF gas Wilcox 50 — 100 BCF gas No. of wells: 10-12 Est. flow rate 4-10 mmcfd gas Operator Teal Energy Current Status: Taking 12 month option over leases, to carry
Slide 12: Prospect description and 3-D seismic plan
at 8,500 feet and 13,000 feet, respectively. [he mapped structures have the potential to host 30 BCF gas and 50 — 100 BCF gas, respectively. [he prospect has been mapped on a workstation utilizing 2-D seismic data. Currently four (4) companies (including Emerald) have agreed to spend up to $100,000
Slide 13: Frio sands prospect details
Objectives: Middle — Lower Frio Sands Well Depth: 12,500 feet Emerald interest: Will take a 30% WI for a 45% paying interest in 1° well. Participation in pooled acreage could reduce WI to ~10% - 15% Royalties: Av. 25% Hydrocarbon Potential: 30 BCF (gross); 5-10 Bcf per well Timing: Q3 2007 Est. flow
Slide 14: Frio structure map
Emerald ik & GAS Mk Fio E structure map i
Slide 15: Slide 15
Slide 16: Greenbush & Hamlet projects location
Greenbush & Hamlet projects - location SASKATCHEWAN WILLISTON L.. Poplar Dome mie t [Anticline : MONTANA, Emerald HL bh GAS ML isi Ancine Little Knife BASIN “> ) \Heart River Faut Billings Anticline GOLDEN VALLEY tee man Py a DIysDE “f af . _ PLANS : “ » “=, aha’ . MiCHENRY Ward / Renville Counties
Slide 17: Greenbush project details
Location: Ward & Renville Counties North Dakota Objectives: Primary: Sherwood & Mohall Formation Carbonates Secondary: Kisbey sandstone & Reefal Carbonates Well depth: 6200+ FT Emerald interest: Earned 15% WI Royalties: 20.00% Hydrocarbon Potential: 2-3 MMBO Timing: 3-D Seismic completed Q4 2006: 2°
Slide 18: Greenbush Project Prospectivity Map
Greenbush Project ) cmeraid Prospectivity Map pabestey * POTENTIAL, AEC BEADS SREVILLE COUNTY, Posey SAR SHON: AI EG. BC i EVE OEY ES 61,269 BOL MICHAEL Cape GREENBUSH Asstt etter BOUNDARY i CARE) Oe ee GREENBUSH PROSPECTIMITY MAP. . Se Gunnell aie. Fepeamd locution. (MEO EMILE COUNTIES, ~ ee HE Rae
Slide 19: Greenbush Project
Greenbush Project Emerald North Dakota oi cas A number of structural higns have been mapped, from old 2-D seismic and well control all within the land position held by the operator. Structural closure varies from 20 to over 40 vertical feet on some closures. A prospective sand-filled Kisbey channel
Slide 20: Australian Projects - Canning Basin WA
Australian Projects - ‘Emerald Canning Basin WA i fereery KIMBERLEY BLOCK sgpotrart ‘sgeoseigensevutnicn ea eee ree oint Torment Prospect (Gas.& Gi ok p ‘Anvil Feet Prospiect CANNING BASIN™ WEST AUSTRALIAN FOCUS ‘oeatige EP Canmivg Base A (int TonmeNy EOS jeunes Al candaitin saee20n eatin Widdegehe
Slide 21: Stokes Bay project details
All sands within Anderson formation Well depth: 2,500m (Deviated) — Stokes Bay #1 Emerald interest: Acquiring 18.75% WI by paying 25% of costs in the first well to casing point Royalties: 10% Govt Hydrocarbon Potential: Top Deltaic member: 4.3 MMbo Unit “A” Sand: 33.5 Bcf gas Unit “B” Sand: 6.0 MMbo
Slide 22: EP104 - Stokes Bay
EP104 - Stokes Bay - 1 /Emerald LL & GAS Mi PROPOSED STORES Bay-T SEP ER feof CANNING BASIN » WA RETENTION LEASE Ri
Slide 23: Valentine #1 project details
(Emerald Location EP104, Canning Basin, WA Objectives: All sands within Anderson formation Well depth: 2,900m (Deviated) — Valentine #1 Emerald interest: | 18.75% WI Royalties: 10% Govt Hydrocarbon ~1 Icf Gas Potential: +/- oil? Timing: Q2 — 2007
Slide 24: Eve Rose Prospect objectives
Objective All sands within Anderson formation Well depth: 2,900 —- 3,000m Emerald interest: Emerald - 100% Royalties: 10% Govt, 2% other Hydrocarbon Potential (Eve Rose Prospect): Top Deltaic member: 20 MMbo Unit “A” Sand: 200 Bcf gas Unit “B” Sand: 25 MMbo Unit “C” Sand: 250 Bcf gas Q2 - 2008 subje
Slide 25: Drilling schedule and investment highlights
Drilling Pandura (S. [exas — gas) January 07 Drilling Glamour Girl (S, Texas — gas) O1-07 Drilling Greenbush #2 (N Dakota - oil) Q1- O07 Drilling EP104 2 wells (Canning Basin WA - oil & gas) Q2 - 07 New USA prospects under evaluation possible drilling Q2-07 Potential stock re-rating on drilling succ
Slide 26: Peer Analysis - Junior ASX Companies in US Gas sector
Peer Analysis - Junior ASX Companies in US Gas sector (Noverrber, '06) : AS$4.0m incl $2.7mcash
Slide 27: Contact details
1 (780) 716-2808 _fsilc@emeraldoilandgas.c
Slide 28: Forward looking statements disclaimer
This presentation contains forward looking statements that are subject to isk factors associated with the oil and gas Industry. It is believed that the expectation reflected in the statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions whic
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