Mec Resources Ltd · ASX:MMR
Mec Resources — 20:20 Investor Series, Sydney 2010
21 slides from Mec Resources's conference presentation, Jun 17, 2010
Slide 1: MEC Resources: Advent Energy Presentation cover letter
17 June 2010 For personal use only Companies Announcements Office Australian Securities Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000 Dear Sir/Madam MEC Resources: Advent Energy Presentation 20:20 Investor Series, Sydney 17th June 2010 MEC Resources Ltd (ASX: MMR) advises that it is pr
Slide 2: 20:20 Investor Series, Sydney - Petroleum Exploration Permit PEP11
For personal use only 20:20 Investor Series, Sydney Petroleum Exploration Permit (PEP11) Off h Offshore Sydney S d Basin B i 17 June 2010 David Breeze– Executive Director MEC Resources is listed on the Australian Securities Exchange with stock code MMR
Slide 3: MEC Resources Limited
MEC Resources Limited For personal use only MEC Resources R offers ff investment i t t into i t exploration l ti companies i seeking ki large l energy & mineral discoveries The Company is registered as a Pooled Development Fund enabling most MEC shareholders to receive tax free capital gains on thei
Slide 4: MEC and Advent Energy Shareholding Structure
MEC and Advent Energy Shareholding Structure For personal use only MEC Resources Ltd ASX: MMR 118 million shares Mkt Cap $47.3 million BPH Corporate Ltd (16th June J 2010) ASX: BPH 19.5% post 46.1% post capital raising Talbot Group Investments capital raising 9.7% post capital raising Advent Energy
Slide 5: Drilling Rig Contracted to Drill the First Well Offshore NSW
Drilling Rig Contracted to Drill the First Well Offshore NSW For personal use only •MEC’s major investee Advent Energy is the Operator for PEP11. •Contract Contract with Apache Energy Ltd and Diamond Offshore Drilling (Australia) LLC for semi-submersible drilling rig Ocean Patriot •Will be the first
Slide 6: Offshore Sydney Basin: PEP11 Opportunity
Offshore Sydney Basin : PEP11 Opportunity • NSW/PEP 11 covers 8250 sq q km,, For personal use only 20 km from Australia’s largest energy market, excellent infrastructure • Multi Tcf targets • Excellent analogies with world class producing fields • Active hydrocarbon system demonstrated offshore • Po
Slide 7: Offshore Sydney Basin – Proven Petroleum Basin with Potential Huge Gas Reserve
Offshore Sydney Basin – Proven Petroleum Basin with Potential Huge Gas Reserve For personal use only Lord Howe Rise: •4.5 billion boe •98.5% methane PEP11 Offshore Sydney Basin “…sea floor spreading commenced at 65-70 million years before present resulting in the separation of the Lord Howe Rise fro
Slide 8: Australian LNG
Australian LNG For personal use only Operator Project Size $Export Life Value per year (ABARE 2008 data) Shell Prelude ~5.4 Tcf + $1.98 billion 25 years ((>$5 $ billion ((LNG only) y) capex) Advent PEP11 6.09 Tcf P50 Prospective OGIP * PEP11 exploration targets * Prospective exploration targets only
Slide 9: Fish Prospect
For personal use only Fish Prospect New additional target of 6.09 Tcf (P50) 2,000 km2
Slide 10: Fish Prospect
For personal use only Fish Prospect New additional target of 6.09 Tcf (P50) 2,000 km2
Slide 11: Offshore Sydney Basin: Swath Survey 2006
Offshore Sydney Basin: Swath Survey 2006 For personal use only D. Schumacher: “Hydrocarbons seep in large concentrations in basins actively yggenerating g hydrocarbons y or that contain excellent migration pathways” Pockmark over 282,000m3 Image courtesy Ron Boyd, University of Newcastle
Slide 12: For personal use only
© 2010 Europa Technologios Data SIO. NOAA. US. Navy, NGA, GEBCO
Slide 13: Offshore Sydney Basin: Petroleum Association and Reservoir Model
Offshore Sydney Basin : Petroleum Association and Reservoir Model Redox Anomaly For personal use only Gas Bubbles/Thermogenic Hydrocarbon Seepage Mound Amplitude Anomaly Gas Chimney Flat Spot? Pockmark B4-18 HRDZ AVO
Slide 14: PEP11: Current Operations
PEP11: Current Operations For personal use only Pre-drilling Pre drilling site survey recently completed: •Fugro performed survey and are currently processing the data •Onboard QC by RPS Group E i Environmental t l IImpactt Assessments A t by b RPS Group G Drilling design and project management by D
Slide 15: Offshore Sydney Basin – Drilling Operations
Offshore Sydney Basin – Drilling Operations Supply base established in Newcastle For personal use only Drilling 3rd Quarter 2010 Commenced receipt of long lead items including casing Other major services awarded include: -Mud logging -Remotely Operated Vehicles (ROV) -Fishing g and P&A -Liner Hangar
Slide 16: New South Wales: State of the Market
New South Wales : State of the Market (AGL, NSW Min. Exp. & Inv. Conf.) For personal use only NSW Government objective is for future baseload power generation to be gas fuelled – The Australian 19/11/2009
Slide 17: LNG Market
LNG Market “LNG supplies pp only y 2% of world energy” gy – BRW June 2009 For personal use only
Slide 18: Advent Energy Ltd Key Personnel
Advent Energy Ltd Key Personnel For personal use only Mr Goh Hock – Chairman: A former President of Schlumberger Asia and then a Global Divisional President of Schlumberger during a 25 year career in the oil and gas industry spanning over 10 countries through Asia (incl. Australia), the Middle East
Slide 19: Advent Energy Ltd – Summary
Advent Energy Ltd – Summary For personal use only • MEC Resources will hold 46.1% of unlisted oil and gas explorer Advent Energy Ltd •MEC MEC iis a pooled l dddevelopment l t ffund d offering ff i ttax advantages d t tto mostt shareholders gy is drilling •Advent Energy g the first well offshore from
Slide 20: Contributions Gratefully Acknowledged and References
Contributions Gratefully Acknowledged and References Data, advice, review and technical contributions gratefully Publications For personal use only acknowledged •Jim Dirstein - -Total Depth - Principal Geophysical Consultant PTEM •AAPG Memoirs ”Hydrocarbon migration and its Near surface Migration” s
Slide 21: Contact and Disclaimer
For personal use only David MEC Resources Ltd Ph +61 8 9328 8477 david@mecresources.com.au Breeze 14 View Street Fax +61 8 9328 8733 www.mecresources.com.au Director North Perth WA 6006 Australia DISCLAIMER MEC Resources Ltd (MEC) has prepared this Company Introduction Presentation. Whilst the infor