Maverick Minerals Australia Ltd · ASX:M96
Maverick Minerals Australia — Exoma Energy — J.P. Morgan Shale Corporate Access Day 2012
13 slides from Maverick Minerals Australia's conference presentation, May 10, 2012
Slide 1: Toolebuc Shale: Unconventional Frontier Exploration
Toolebuc Shale Unconventional Frontier Exploration J.P. Morgan Shale Corporate Access Day 10 May 2012
Slide 2: Exoma Energy Limited
Exoma Energy Limited • An ASX Listed petroleum exploration company • Principal Activities: – Exploration in the Galilee Basin for hydrocarbons contained in coal, shale and conventional sandstone reservoirs • Issued Capital: – 417 million ordinary shares (EXE) – 173 million listed 10 cent options (EX
Slide 3: Company Overview
Company Overview • Very large acreage position in Galilee Basin, Queensland - 27,000 km sq over 5 contiguous permits • Prospective for CSG, shale oil/gas and conventional oil - Katherine-1 conventional oil discovery in 2011 • Brisbane-based: 20 professional and support staff • Operates to high stand
Slide 4: Location Map
as Location Map TA mm Cf Major Town Gas Pipeline ———— _ Road | Exoma Energy permits kilometres exoma ENERGY
Slide 5: Shale – General Principles
Shale – General Principles Basic requirements for a petroleum shale system • High organic content >2% • Sufficient thermal maturity for – Generation – Expulsion • Connecting fracture system to offset low rock permeability – Natural – Induced • Sufficient rock thickness • Environmental separation fro
Slide 6: Toolebuc Shale – Conventional Industry View
Toolebuc Shale – Conventional Industry View • Toolebuc shale is well described and extensive • Very high TOC across the basin >5% • Uniform thickness – around 35m in permit areas • Gas shows whenever intersected by drilling BUT, viewed as immature for oil and gas – apparently low vitrinite reflectan
Slide 7: Toolebuc Shale – Exoma's Pre-drill Perspective
Toolebuc Shale – Exoma’s Pre-drill Perspective • Permit areas favourably located in high-TOC ‘sweet spot’ • Very large permit area, 20,000 sqkm covering Toolebuc shale - wide range of geological settings • Mud logging analysis shows C2-C5 hydrocarbons – evidence for thermal maturity • Anecdotal evid
Slide 8: 2011 Shale Exploration Program
2011 Shale Exploration Program Exploration Objectives: Confirm presence of productive shale system Start to quantify potential resource Provide basis of design for appraisal • Sampling over wide area • 3 shale core wells – Variety of geological locations – Comprehensive laboratory testing suite • 3
Slide 9: 2011 Exploration Results
2011 Exploration Results • Free oil recovered 35m above Toolebuc Shale at Bessies-1 – Evidence of maturity – Evidence of expulsion – Evidence that the productive system may extend beyond the Toolebuc • Oil samples extracted from all three cores – Sample Range: 0.6 kg/tonne to 7.9 kg/tonne (ave. 2.2
Slide 10: 2011 Conclusions
2011 Conclusions • Toolebuc Shale has excellent potential as a shale oil/gas system • Apparently low maturity compared to many US shales • BUT, empirical evidence shows the Toolebuc actually is: – Thermally mature for conversion – Sufficiently mature for expulsion • A potentially vast oil/gas system
Slide 11: Questions for 2012 Appraisal Program
Questions for 2012 Appraisal Program • What is the internal structure of the Toolebuc shale system? • What is the geochemistry of the oil system? • Where are the ‘sweet spots’ for production testing? • How should production testing be designed? Exoma’s approach: 1. Evidence-based; don’t just rely on
Slide 12: 2012 Shale Exploration Program
2012 Shale Exploration Program • Gather further data: – 7 shale core wells – Shale chip samples from 11 CSG wells • Map distribution of key shale properties – Hydrocarbon content and characteristics – Source/reservoir thickness – Maturity – Lithology and rock mechanics – Geochemistry • Studies – Pal
Slide 13: 2013 and Beyond
2013 and Beyond Leverage off the 2011 and 2012 data and technical knowledge: • Locate ‘sweet spots’ • Well and completion design • Production testing • Reserves build Objectives: 1. Demonstrate deliverability 2. Systematically accumulate data to convert billions of BOE of potential resource into ind
Exoma Energy — J.P. Morgan Shale Corporate Access Day 2012 on 6ix