Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Emerald Oil & Gas NL — Investor Presentation (July 2011)
15 slides from Emerald Resources Nl's investor presentation, Jul 13, 2011
Slide 1: Emerald Oil & Gas NL Investor Presentation
For personal use only Emerald Oil & Gas NL Investor Presentation July, 2011
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectation reflected in the statements are reasonable but they may be affected a ected by a variety a ety o of va
Slide 3: Emerald Oil and Gas - Summary
Emerald Oil and Gas - Summary y Exchange /Ticker: EMR For personal use only Recent Stock Price: $0.048 Issued Shares: 785m Market Cap: $38m Cash: $8.5m Debt: None Assets/Projects: 1. Green River Basin Shale Oil & CBM (USA : Colorado/Wyoming) 45% interest in GRBJV - 60,000 net lease acres covering Ni
Slide 4: EMR (GRB) Acquisition
EMR Green River Basin (GRB) Acquisition Acquired 45% interest in GRBJV from New Frontier Energy Inc for For personal use only $10m cash and 125m EMR shares: • Approx 60,000 60 000 net acres mineral leases • Niobrara shale oil play, CBM and conventional gas • Existing gas production from partially de
Slide 5: Niobrara Oil Shale Players
Niobrara Oil Shale Players Cretaceous Interior Seaway For personal use only Green River Basin DJ Basin Eagleford g Shale Modified from Roberts and Kirschbaum1995
Slide 6: Comparison of Shale Oil Pays
Comparison of Shale Oil Pays Buck Peak Field Nolan #1 Slater Dome Field IP 480 BOPD Drilled with For personal use only Green River Basin D J Basin, Blake #33-1 air completed open hole ENTEK GRB, LLC IP 47 BOPD Jake 2-01 Eagle Ford Shale Recovered > 1.3 MMBO Robidoux 13-15T offset well DJ Basin 20-30
Slide 7: Niobrara Shale Oil Play Evolution
Niobrara Shale Oil Play Evolution DJ Basin Green River Basin For personal use only • Vertical wells 10 to 50 • Vertical wells 10 to 500 bopd bopd • EOG horizontal well (Jake • Target Niobrara oil 2-01H) late 2009 – IP 1500 benches 2x to 5x bopd 150,000 bopd, 150 000 bbl oil in 6 DJ Basin thi k th th
Slide 8: Niobrara Shale Oil GRBJV
Green River Basin Niobrara Shale Oil GRBJV For personal use only • 55% Entek Energy (Operator) • 45% Emerald Green River Basin Outline • 80 000 Gross 80,000 G acres, 60,000 60 000 Net N t • Niobrara oil and gas • CBM 500Mcfd + conventional gas • 29 km gas gathering pipeline • Production infrastruc
Slide 9: Development Potential and Key Uncertainties
Development Potential and Key Uncertainties P Prospectivity ti it Summary S For personal use only • CBM, Niobrara oil & gas, conventional oil & gas • 3 Self sourcing hydrocarbon systems in oil window • M lti l oilil zones iin 1100 ft thi Multiple thick k Niobrara Ni b section ti Horizontal Well • 4
Slide 10: 2011 Niobrara Activity Plans
2011 Niobrara Activity Plans Appraise Niobrara resource, resource prepare for development drilling & oil production For personal use only Objectives: • Gather technical data to design horizontal wells in 2012 • Assess Niobrara production potential • Acquire additional acreage Appraisal Wells: • 3 ve
Slide 11: GRB 2011 Niobrara Drilling Activity
GRB 2011 Niobrara Drilling Activity For personal use only 2 vertical wells 3 vertical wells 6 vertical wells 15 vertical wells GRB drilling g success highly g y likely y to drive acreage g value up p in 2011
Slide 12: GRBJV Capital Requirement
18 Month GRBJV Capital p Requirement q For personal use only 2011 (July – Dec) Total EMR GRBJV G J ((45%) 5%) 3 Vertical Niobrara wells $6.5 $2.9 Production infrastructure $2.0 $1.0 New acreage acquisition $3.0 $1.4 $11.5 $5.2 2012 (indicative only) New acreage acquisition $3.0 $3 0 $1.4 $1 4 Seismi
Slide 13: Premium Shale Oil Acreage Valuations In US Capital Markets
Premium Shale Oil Acreage Valuations In US Capital Markets For personal use only • Investors willing to assign strong valuations for undeveloped resource g in high acreage g pprofile shale oil p plays y ((Niobrara,, Bakken,, Eagleford, g , Permian, Utica) • Institutions willing to pay $/acre premium
Slide 14: ASX Listed US Shale Players Valuation
ASX Listed US Shale Players Valuation For personal use only 8 July 2011 EMR ETE SGY SSN SEA EKA TXN AUT Bakken/ Bakken/ Shale Play Niobrara Niobrara Kreyenhagen Eagleford Eagleford Eagleford Niobrara Niobrara Williston/ Williston/ Location GRB GRB San Joaquin Texas Texas Texas GRB & DJ DJ Net Acres
Slide 15: Immediate Plans
Immediate Plans For personal use only Work closely with ETE as partner in the GRBJV • Agree strategy to deliver max value from current assets • Consolidate and expand GRB position with additional acreage • Develop & execute 2011 field activity program • Plan 2012 horizontal/vertical development prog
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