Mec Resources Ltd · ASX:MMR
Mec Resources — Australian Microcap Investment Conference 2010
26 slides from Mec Resources's conference presentation, Aug 3, 2010
Slide 1: ASX cover letter: Company Presentation
3 August 2010 Companies Announcement Office For personal use only Australian Securities Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000 Dear Sir, COMPANY PRESENTATION MEC Resources (ASX:MMR) is presenting today at the Australian Microcap Investment Conference in Melbourne. A copy of the
Slide 2: Australian Microcap Investment Conference, Melbourne – PEP11 Offshore Sydney Basin
For personal use only Australian Microcap Investment Conference, Melbourne Petroleum Exploration Permit (PEP11) Offshore Sydney Basin 3 August 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 $64 million BPH Corporate Ltd (29th July J l 2010) ASX: BPH 51.14% 19.06% Talbot Group Investments 10.42% Advent Energy Ltd unlisted Others residual 85% PEP11
Slide 5: Company Overview
For personal use only Company Overview Background Key Asset –Offshore Sydney Basin ` Formed in 2004 as an independent E&P company Newcastle – Headquartered in Perth, WA – Portfolio of assets both onshore & offshore Australia with an estimated AUD 126m invested historically on exploration ` Cornersto
Slide 6: Management, Technical Team & Advisors
For personal use only Management, Technical Team & Advisors Experienced Management Team Technical Team & Advisors Mr. David Breeze: Executive Director Mr. Ding Gui Ming: Advisory Panel Chairman ` Executive desks, Daiwa Securities, Eyres Reed McIntosh, BNZ North's ` Formerly Head of Exploration, Chin
Slide 7: Permit History & Progress
For personal use only Permit History & Progress Historical Ownership of Permit Progress through involvement of Advent ` During the 1980s, Santos Ltd. shot extensive 2D seismic ` Advent farmed into a 25% interest in 2006 through over PEP11 acquisition of 2004 seismic ` At the time, the prospect was n
Slide 8: Significant Hydrocarbon Potential proven by Industry Standards
For personal use only Significant Hydrocarbon Potential proven by Industry Standards Features Observed Across Permit ` The permit’s potential is evident in the significant and complimentary hydrocarbon & migration features observed Mound ` Direct hydrocarbon indicators identified in seismic data – h
Slide 9: Hydrocarbon seepage and pockmarks quote
For personal use only D. Schumacher: “Hydrocarbons seep in large concentrations in yg basins actively g hydrocarbons generating y or that contain excellent migration pathways” Pockmark over 282,000m3 Image courtesy Ron Boyd, University of Newcastle
Slide 10: Pockmarks: Evidence for Out Gassing at Gorgon Gas Field
ADVENT ENERGY LIMITED Total Depth Pockmarks: Evidence for Out Gassing at Gorgon Gas Field Amplitude & TWT While some pockmarks can be small and below the imaging resolution of conventional exploration 3D surveys, many (like those shown here) are much larger and can measure 100s of meters in diameter
Slide 11: Sea-Floor TWT over Gorgon Field
ADVENT ENERGY LIMITED Total Depth taj Sea-Floor TWT over Gorgon Field LSS Zone of Slumping Slump zone edge Continental Shelf Boundary Sub-Marine Canyons Pockmarks on the seafloor surface are geomorphologic features which are indicative of upward fluid flow and the venting of gas. The Gorgon field al
Slide 12: Significant AVO Leads Surrounding Major Prospects
For personal use only Significant AVO Leads Surrounding Major Prospects Paleozoic Trap Summary Map ` AVO is a recognized methodology employed by major oil companies to identify exploration potential ` Independent analysis of extracted AVO attributes Great White & Marlin from recently reprocessed 200
Slide 13: Three Major Deep Prospects with Multi-Tcf potential
For personal use only Three Major Deep Prospects with Multi‐Tcf potential ` Contains all the elements for success needed in Permian/Triassic Prospect Locations world class sized structure ` Relatively shallow water depth 50-120 m ` The prospects lie between depths of 1,200 Gas Pipeline Infrastructur
Slide 14: Shallow Horizon Prospects with +7 Tcf potential
For personal use only Shallow Horizon Prospects with +7 Tcf potential ` Vast, gently eastward dipping prospects with Prospect Locations main reservoir targets interpreted as Tertiary sandstone ` significant potential for good reservoir development ` Excellent migration pathways ` Regional unconformi
Slide 15: Fish - Drilling Target in the Deep Horizon
For personal use only Fish ‐ Drilling Target in the Deep Horizon ` A large north-south elongated anticline with three Seismic Cross Section separate structural culminations, adjacent to the Proposed South Fish Exploration Well Offshore Syncline (the hydrocarbon source) Offshore Uplift Newcastle Sync
Slide 16: Great White and Marlin - Drilling Candidate Shallow Horizon
For personal use only Great White and Marlin ‐ Drilling Candidate Shallow Horizon ` A vast, gently eastward dipping stratigraphic Seismic Cross Section prospect – 2.5 Tcf gas and 62 MMbbl condensate WD:140m with 19% PoS ` The main reservoir targets are interpreted Tertiary sandstones ` Excellent mig
Slide 17: Prospects in Advent Portfolio
For personal use only Prospects in Advent Portfolio Advent Probablility Block Asset Prospective Recoverable Gas Resources Bcfg Prospective Recoverable Condensate Resources MMbo interest of Success P90 P50 P10 Swansons Mean P90 P50 P10 Swansons Mean % PEP 11 Abalone 85% 483.5 1,810.1 7,554.9 3,135.6
Slide 18: Carnarvon Basin (Western Australia) EP
For personal use only Carnarvon Basin (Western Australia) EP 325 ` Advent holds an 8.3% interest in EP 325, in the Prospect Location Exmouth E th sub-Basin b B i off the th Carnarvon C Basin B i ` Joint Venture Operator is Strike Oil ` Gas Field contingent resources of 9.5 Bcf (P (Pmean)) ` Seven we
Slide 19: Bonaparte Basin (WA/NT) EP / RL-1
For personal use only Bonaparte Basin (WA/NT) EP 386 / RL‐1 ` The Bonaparte Basin: Prospect Location – A proven hydrocarbon bearing sedimentary basin – Onshore Basin straddles the Northern Territory & Western Australia Border ` Advent holds 100% onshore permits EP 386 (WA) & RL-1 RL 1 (NT) (circa 20
Slide 20: Board & Advisory Panel
For personal use only Board & Advisory Panel Board Members Mr. Goh Hock: Chairman ` Previous President of Schlumberger Asia. Managed all Asian operations including oil field services & outsourcing ` 25 years with Schlumberger, held several field & management positions in the oil & gas industry acros
Slide 21: Industry Leading Geological Expertise
For personal use only Industry Leading Geological Expertise Mr Timothy Berge Mr. Lan Nguyen BSc (University of Wisconsin, Madison) BSc (Baku, Azerbaijan) MA - Geology (University of Texas at Austin) MSc - Geology (New England University, Aus.) ` 25 Years Corporate experience, an Industry expert in A
Slide 22: Gas Market in NSW
For personal use only Gas Market in NSW ` New South Wales is heavily reliant on coal fired energy generation ti ` Pressure mounting to switch to environmentally cleaner production – 34% of all Australian CO2 emissions originate from 12 current coal fired power stations – Natural gas now has greater
Slide 23: Australian Domestic Gas Market
For personal use only Australian Domestic Gas Market Domestic Gas Market Forecasts Australia’s Primary Energy Consumption, 2007–08 & 2029–30 ` To feed domestic demand and exports, gas output is expected to quadruple over 20 years, growing at 6.7% annually ` Gas fired stations are expected to generat
Slide 24: Australia's LNG Potential
For personal use only Australia’s LNG Potential LNG Market Forecasts Pacific Basin Supply Forecast ` Ongoing demand for Australian LNG from Korea & Japan is likely due to heavy investment in gas-fired power generation facilities with no domestic gas sources – LNG accounted for one quarter of world g
Slide 25: 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 26: Contact and Disclaimer
For personal use only David Breeze MEC Resources Ltd Ph +61 8 9328 8477 david@mecresources.com.au E Executive ti 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. W
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