3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2012)
19 slides from 3d Energi's shareholder meeting presentation, Nov 21, 2012
Slide 1: 3D Oil Limited Annual General Meeting
3D Oil Limited Annual General Meeting For personal use only At Baker & McKenzie William Street 21 November 2012 Melbourne
Slide 2: Presentation Disclaimer
Presentation Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or ac
Slide 3: 3D Oil Snapshot
3D Oil Snapshot For personal use only An Australian oil and gas company with exciting short term development plans and strong medium term growth potential. Corporate Overview Location map ¾ Key asset is the VIC/P57 offshore permit ¾ Development of the West Seahorse oil field is our priority ¾ Sea Li
Slide 4: 3D Oil Vision - Revisited
3D Oil Vision - Revisited For personal use only The Vision & Mission of 3D OIL is to: ¾ Be a producer of energy to Eastern Australia, providing long term shareholder growth and value ¾ Grow an optimistic, commercially savvy and technically excellent team who share the vision of proactive and tenacio
Slide 5: The Vision is taking shape
The Vision is taking shape For personal use only The Vision & Mission of 3D OIL is to: The vision is taking shape: ¾ Be a producer of energy to Eastern Australia, ¾ Transitioning from an explorer into an oil providing long term shareholder growth and producer - targeting production from West value S
Slide 6: West Seahorse Field
West Seahorse Field For personal use only Estimated to contain 2C contingent resources of 9.2 mmbbl. Overview ¾ Located 14km offshore from the coast ¾ 35m water depth in brown field area ¾ 1,400m drilling depth ¾ 3 exploration wells 1981 West Seahorse-1 1982 West Seahorse-2 2008 West Seahorse-
Slide 7: West Seahorse Field – Additional Potential
West Seahorse Field – Additional Potential For personal use only The Gurnard Formation has an estimated 2C of 12.2 mmbbl OIP. ¾ The Gurnard Fm lies directly above the top ‘Coarse Clastics’ sequence which contains the main WSH reservoirs ¾ Although mineralogically complex this interval consistently c
Slide 8: VIC/P57
VIC/P57 For personal use only VIC/P57 is located on trend of a prolific ‘sweet spot’ in the Gippsland Basin, which generally contains oil in the shallow and gas in the deep sections. ¾ 2 prospects identified along the ‘oily’ southern edge of the Rosedale Fault System • Sea Lion • Felix ¾ 9 prospects
Slide 9: Sea Lion Prospect
Sea Lion Prospect For personal use only Sea Lion has a best estimate prospective resources of 11.0 mmbbl Sea Lion ¾ Sea Lion is on trend with the oil discoveries of West Seahorse, Seahorse, Wirrah, West Moonfish West Seahorse and Moonfish Seahorse ¾ Sea Lion targets the Upper Latrobe group reservoir
Slide 10: Felix Prospect, VIC/P57
Felix Prospect, VIC/P57 For personal use only Felix has the best oil address in Australia Felix Wirrah Moonfish West Moonfish Lakes Entrance Felix Lakes Entrance Felix Top Latrobe Top Latrobe P1 coal P1 coal L.Balmei Volcanics ¾ A large inversion feature along the Rosedale L.Balmei Volcanics Fault S
Slide 11: Overview of Hibiscus Strategic Relationship
Overview of Hibiscus Strategic Relationship For personal use only 3D Oil has a mutually advantageous commercial relationship with Hibiscus. ¾ 3D Oil and Hibiscus will jointly develop VIC/P57 ¾ Hibiscus will contribute up to A$29m to develop VIC/P57 • A$2m subscription monies have already been receiv
Slide 12: Strategic Rationale for 3D Oil
Strategic Rationale for 3D Oil For personal use only Hibiscus is an experienced oil and gas company with closely aligned interests. 9 A$2m received for working capital 1 Secures funding 9 A$27m to initiate the future development of West Seahorse 9 Hibiscus management provides 3D Oil with strong oper
Slide 13: Hibiscus Petroleum – Company Overview
Hibiscus Petroleum – Company Overview For personal use only The first Malaysian O&G exploration and production company listed on the Main Market of the Malaysian stock exchange Share price performance ¾ Hibiscus was listed on the Kuala Lumpur stock exchange (HIBISCS) as a Special Purpose Acquisition
Slide 14: Indicative Timeline
Indicative Timeline For personal use only 3D Oil and Hibiscus are targeting development of West Seahorse within 2 years. ¾ Strategic relationship commences September – ¾ 3D Oil and Hibiscus develop the work plan for West Seahorse November 2012 ¾ Progress application for the development of West Seaho
Slide 15: Indicative Timeline for West Seahorse Development
Indicative Timeline for West Seahorse Development For personal use only Design Phase Tender Phase Construction Phase Front-end Complete Engineering farmout and and Design formalise JVOA Conceptual Ongoing Regulatory Drilling First Engineering to Approvals confirm optimum Project Financing, Award of
Slide 16: Relative valuation
Relative valuation For personal use only TDO trades at a significant discount to other Australian and New Zealand oil- focused producers. EV/(2P+2C) ($/boe) Junior explorers Oil-focused producers Ave: $17.21/bbl ∆ $16.59 Notes: -TDO trading price based on share price of $0.09 per share, 238m shares
Slide 17: 3D Oil Valuation – Looking Forward
3D Oil Valuation – Looking Forward For personal use only Now Short Term Medium Term Other Prospects and Opportunities Increasing value Current West Seahorse Sea Lion Felix 17
Slide 18: 3D Oil is a reinvigorated company
3D Oil is a reinvigorated company For personal use only Together with Hibiscus, 3D Oil is well positioned to move its assets into production. ¾ Strategic relationship with Hibiscus is already adding value to 3D Oil ¾ Has secured funding to progress the development of West Seahorse oil field ¾ Develo
Slide 19: Focused strategy to deliver value and growth to shareholders
3D Oil Limited For personal use only Focused strategy to deliver value and growth to shareholders Annual General Meeting 21 November 2012