Odyssey Gold Limited · ASX:ODY
Odyssey Gold — Odyssey Energy — Investor Presentation (November 2006)
30 slides from Odyssey Gold's investor presentation, Nov 20, 2006
Slide 1: North Helper Gas Project, Utah / Jester-Bloomington Project, Oklahoma
North Helper Gas Project, Utah - oie Jester-Bloomington Project, Oklahoma id
Slide 2: Odyssey Overview
Vv Vv Vv Vv Vv ODY SSEY Overview Odyssey Energy is an ASX listed US-focused E&P company. 2 significant Projects, both low risk, material interests and large upside potential: « Extension of existing field in Utah, with accelerated 15-well drilling program, " Re-development of gas fields in Oklahoma,
Slide 3: Slide 3
Slide 4: Regional Setting
ODYSSEY North Helper Gas Project ENERGY LIMITED Regional Setting soto >» Located in the Uinta Basin in Central Utah. > Project area initially comprised 5,023 acres on the north edge of the Helper Field, which lies immediately NE of the "ag Ow Gentes Drunkards Wash Field ae Seb ig — now expanded to ‘
Slide 5: Kenilworth & Appraisal Wells
ODYSSEY North Helper Gas Project ENERGY LIMITED Kenilworth # 1 & 2 “Appraisal” Wells > Odyssey acquired its initial 15% WI after the drilling of the KRR #1 & #2 wells. — Corporate opportunity > The wells were completed & tested in early 2006: KRR#1 flowed > 1.3MMCFGD KRR#2 flowed 1.1MMCFGD — 3to 4X
Slide 6: Accelerated Drilling Program
ODYSSEY North Helper Gas Project ENERGY LIMITED Accelerated Drilling Program The success of the project has led to an accelerated 15-well drilling program. Three new wells drilled to date (total 8 now in the project): - 6X Ferron (Tied-in & de-watering) - 2X Mancos Shale (New Play — ready for fractu
Slide 7: Accelerated De-Watering Trial
North Helper Gas Project Accelerated De-Watering Trial > All of the Ferron wells (6 drilled & completed) are tied into production infrastructure & undergoing a conventional clean-up & de-watering process. >» Implementation of ‘Cavitation’ process pioneered for highly permeable coals in San Juan Basi
Slide 8: Multiple Well-Heads per Drill Pad
North Helper Gas Project Multiple Well-Heads per Drill Pad Wr | Cordingly Canyon#10- 1 Directional ances wt ciuzane Page 8
Slide 9: 29,798 Acre Expansion of Project Area
ODYSSEY North Helper Gas Project ENERGY LIMITED 29,798 Acre Expansion of Project Area | \ 7 ae " ahs * abe ‘some ia am cc ~~ Castlegate Fie! ES < ‘e" Yeap Existing NHGP Leases {Biue & Green Outlines) |. jae asi + 1 “ erage nes < ee 1. ff-|-New North Helper Leases Highlighted in Yellow > Acquisition
Slide 10: Secondary Objectives
ODYSSEY North Helper Gas Project ENERGY LIMITED ‘Secondary’ Objectives Paradox Basin Uncompahgre Uinta Basin Douglas Creek Piceance Basin uplift arch Curtis, including Moab Tongue cee Stump Fm and related rocks 5 a as Entrada Se Leen ~ Carmal Kayenta Ss Carmel Fm : / TF LOB pt TTD TT mith oe ELLE LY
Slide 11: Mancos Shale - Douglas Creek Arch
ODYSSEY North Helper Gas Project ENERGY LIMITED Mlancos Shale — Douglas Creek Arch North Helper Gas Project Expanded Area
Slide 12: Mancos Shale
ODYSSEY North Helper Gas Project ENERGY LIMITED Mancos Shale Existing NHGP Leases “| (Biue & Green Outlines) 5. Current Test Wells on (Cordingly Canyon 15-5 & 10-1). > Currently being tested in NHGP Cordingly Canyon # 15-5 and 10-1 wells after shows & pressure in adjacent wells — over 4,000ft thick
Slide 13: Travis#1 Location
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Slide 14: Jester-Bloomington Gas Field
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Re-Development Project SPE TAS a Seo AND GAS PLD iho Es at >» Located in south-western Oklahoma, on-trend with the giant East & West Panhandle Fields. > Largest gas province in North America, with total gas-in-place in trend 117TCF and estimated re
Slide 15: Jester-Bloomington Gas Field Location
ODYSSEY ENERGY LIMITED Erick Field - 40,300 Acres Brown Dolomite (Developed on partial 160AC/Spacing 7206 BCF / 60 MBO - 2,700 MCFD Jester-Bloomington Fld. 24.400 ‘Acres Granite Wash Developed on partial 160AC/Spacing Brown Dolomite Never fully developed 7.9 BCF / 49 MBO - + 10 MCFD 4 eae > + Virgo,
Slide 16: Drilling & Re-Completion Results
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Drilling & Re-Completion Results oe 33 2a } 38 7 6 3t | 32 if 33 | 34 38 38 | i wenden ‘Weadén 2.4 - i Travis#1: 280mcfd |— | & | “e: T je “8 1 2 4 : : i i z &N Farms 18 : Hoe . ~— —— of oh | McAlexander#1: 411mcfd | — oo a : z | Be 10 | 4 2 pe ey
Slide 17: Jester-Bloomington Project Expansion
ENERGY LIMITED ODYSSEY Jester-Bloomington Project Expansion Harlow Acquisition oe se ws] 2S. ERICK FIELD . 255 BCA : CIMAREX & GURY ENERG HARLOW PIPELINE ACQUISITION (7 A tL ‘ ir 53 Wells in North Bloomington & Willow. Fields — current production 200mcfd fs * 4 * Additional 16,000 acres -_ — Origina
Slide 18: Travis#1
ester-Bloomington Gas Field _ Travis#1 > Travis#1 well-head, located % mile north-west of McAlexander#1, prior to formal test. > Drilled in 1959 and shut-in in 1998, flowed 280mcfd after water removed from well-bore. > Strong evidence in conjunction with McAlexander#1 and Houck#1 tests that field wa
Slide 19: Houck#1
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Houck#1 Houck#1 well-head, located 5 miles west- south-west of McAlexander#1, prior to formal test. > Flowed 750mcfd after water removed from well-bore. Video Down-Loads available through Company Web-Site Page 19
Slide 20: Summary
ODYSSEY Summary ENERGY LIMITED Odyssey has a material (30%+) interest in two low risk field extension / re- development plays in prolific onshore US basins. UTAH (ODY 30.0%): > Flow rates from the first 4 wells demonstrate the extension of the Drunkard’s Wash complex into North Helper. > Focus on in
Slide 21: Summary
ODYSSEY North Helper Gas Project ENERGY LIMITED Summary corse | . maieenwi S — Existing NHGP Leases {Biue & Green Outlines) WW Ferron Play Fairwa gee - Mancos Play Fairway W Blackhawk Play >» 5,023 acres / 30+ Locations in NHGP >» 7,000 acres / 44 Locations » Additional 6,000 acres on-trend » Resour
Slide 22: Jester-Bloomington Project Expansion
ODYSSEY Jester-Bloomington Project Expansion ENERGY LIMITED Leases, Wells & Pipeline Infrastructure +. BRICK FIELD - 255 BC] CIMAREX & GURY ENERG , 53 Wells in North Bloomington & Willow Fields — current production 200mcfd 4 Additional 16,0 00 acres Te my ra ae % y a fe. I Original Project 7,700 ac
Slide 23: Objectives for the Next Months
HY ODYSSEY Objectives for the Next 12 Months > Complete 20-well drilling program in North Helper. > Ramp-up Ferron production (target 1.0+MMCFGD average / well) and fully evaluate potential of Mancos Shale play. > Certify Proved and Probable Reserves at North Helper. > Commence aggressive appraisal
Slide 24: Board & Management
ODYSSEY Board & Management Vv lan Middlemas (Chairman): Over 20 years experience in the development and growth of resource based companies; ex-Normandy executive, extensive corporate & management expertise; Chairman of OmegaCorp, Mantra Resources and several other listed companies. > Mark O’Clery (M
Slide 25: Important Information
ODYSSEY Important ENERGY LIMITED Information This document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s
Slide 26: Additional Information
BY ODYSSEY ENERGY LIMITED Additional Information
Slide 27: NHGP Summary
OPTS EN NHGP Summary > North Helper Gas Project - Uinta Basin, Central Utah (ODY 30.0%) - Extension of existing Helper Gas Field & greater Drunkards Wash complex — CBM & tight gas play — §-fold increase in land position to capture large upside potential in primary and secondary objectives — Now ~28,
Slide 28: Mesaverde Formation
ODYSSEY North Helper Gas Project ENERGY LIMITED Mesaverde Formation Paneer NT he ee al gs =“ Castlegate Field Soldier Field f cease’) Existing Pf josie ie fou Pool Existing NHGP Leases “| {Blue & Green Outlines) >» Huge basin-centered gas play in the adjacent Piceance Basin. > Currently being exploi
Slide 29: Mesaverde - Central Piceance Analogue
ODYSSEY North Helper Gas Project ENERGY LIMITEOMegaverde — Central Piceance Analogue Mamm Creek Field Mesa Verde Formation vent sewn 7 0.200000 26.3 MMCFD san ed 13 MBWD ‘eon 100 Welis 8 Feit vi seron yh
Slide 30: J-B Summary
OPTS EN J-B Summary > Jester-Bloomington - Anadarko Basin, Oklahoma (ODY 33.3%) - Field Re-development Project - Tight gas play in two productive reservoirs - Recent acquisition of pipeline infrastructure, production and substantial increase in acreage holding. — Now ~24,000 gross acres. ~ McAlexand
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