Forte Energy Limited · ASX:FEL
Forte Energy — Shareholder Meeting (November 2020)
8 slides from Forte Energy's shareholder meeting presentation, Nov 30, 2020
Slide 1: Post 2020 AGM MD Presentation
Post 2020 AGM MD Presentation Acreage surrendered Pryderi-1 Gwydion / Idris location Core Permit Renewed Area Relinquished
Slide 2: Important Notice
Important Notice This presentation has been Except for statutory liability which achievements to differ materially from prepared by IPB Petroleum Limited cannot be excluded, each of IPB, its those expressed, implied or projected (IPB) and is provided on the directors, officers, employees and in any
Slide 3: Important Notice Resources
Important Notice Resources Resources For further information, including The resources figures quoted in assumptions, limitations and Idris Resources this document have been qualifications relating to the The subject resource estimates prepared in accordance with estimation of resources publicly rela
Slide 4: Idris Appraisal Well
Idris Appraisal Well IPB IPB PETROLEUM 1 \ NE i ied PIP = aw RY <a va Gas Oil Contact depth contour | Vell has oil 10m below Gwydion “| Ds a as measured in Gwydion-1 well . discovery well : structural closure. Gas fills all adjacent structures to spill => Larger stratigraphic oil trap ‘ ey 5 Mathonw
Slide 5: Farmout and Funding WA-424-P
Farmout and Funding WA-424-P • Farmout 50% interest in WA-424-P Permit to Quay Resources International (QUAY) for QUAY funding Idris well, backcosts and optional funding success based stage 1 field development • IPB retains 50% working Interest and remains Operator, QUAY 50% • Funding repayable out
Slide 6: Idris Resources
Idris Resources The resources estimates contained in Table 1 below have been prepared in accordance with SPE-PRMS and adherence to Chapter 5 of the ASX Listing Rules. Prospective Resources Million Barrels of Oil Low Estimate Best Estimate High Estimate Idris (100%) 19.8 68.6 159 Table 1: Prospective
Slide 7: Gwydion PSDM 3D Seismic
Gwydion PSDM 3D Seismic Amplitude Extraction Top Hard GQ Sand (good sand) Top High Quality Sand horizon Top Seal Further Updip seal Other success based further stage Success based development wells Stage 1 development Gwydion-1 oil development wells discovery Base Seal Idris-1 appraisal well
Slide 8: Post 2020 AGM Thankyou
Post 2020 AGM ……..Thankyou Acreage surrendered Pryderi-1 Gwydion / Idris location Core Permit Renewed Area Relinquished