Lion Energy Limited · ASX:LIO
Lion Energy — Investor Presentation (September 2014)
16 slides from Lion Energy's investor presentation, Sep 9, 2014
Slide 1: A New Approach to Asian Energy
A New Approach to Asian Energy For personal use only Key success factors of emerging Indonesian unconventional plays Kim Morrison 9 September 2014
Slide 2: Important notice and disclaimer
Important notice and disclaimer Forward-looking statements Certain statements contained in this presentation, including information as to the future financial or operating performance of Lion and its projects are For personal use only forward-looking statements. Such forward-looking statements: • sh
Slide 3: Presentation Overview
PRESENTATION OVERVIEW For personal use only Why Indonesia? US, Australian lessons Unconventional plays Focus basins Way forward Lion’s position A New Approach to Asian Energy www.lionenergy.com.au September 2014 3
Slide 4: Why Indonesia?
WHY INDONESIA? Many elements in-place for successful unconventional industry For personal use only Projected Indonesian Oil and Gas Supply and Demand Balance • Worlds 4th largest population (~250mm) Mboe/d 6,000 Demand: • Fast-growing economy (GDP ~ 6%pa) with High-case 5,000 oil and gas demand grow
Slide 5: Indonesia Unconventional Status
INDONESIA UNCONVENTIONAL STATUS Early days, however Government keen to foster business Application Process For personal use only • Regulation and fiscal terms specific for unconventionals Companies select areas with • 2012 regulation: ”Non-conventional oil unconventional potential (up to and natural
Slide 6: US Unconventional/Conventional Comparison
US UNCONVENTIONAL/CONVENTIONAL COMPARISON Unconventional reserves/resource assessment of similar order of magnitude to produced conventional in mature basins For personal use only Williston Basin Appalachian Basin Conv.1: 3.8 bbo & 0.47 tcfg Conv.1: 3 bbo & 42 tcfg Bakken2: 3.2 bbo (EIA proved reser
Slide 7: Go to Where the Oil Is
“GO TO WHERE THE OIL IS” Areas of significant shale gas and oil potential tend to have existing significant conventional production For personal use only • USGS mean estimate plotted for unconventional potential (2013), larger than EIA proven reserves shown on previous slide • Clearly varying estima
Slide 8: Indonesian, Australian Comparison
INDONESIAN, AUSTRALIAN COMPARISON Indonesia has 9x more onshore discovered reserves than Australia despite only a ¼ of the land mass. For personal use only Indonesian and Australian Onshore Productive Basins Source: IHSE, various 18000 Australia onshore 360 16000 • 4.2 bboe conventional (75% gas) Oi
Slide 9: Elements for Unconventional Play
ELEMENTS FOR UNCONVENTIONAL PLAY Work to be done but Indonesian plays meet some key criteria from US experience For personal use only Geological setting for unconventional hydrocarbons • Proven, active petroleum system Source: US Energy and Information Administration 2010 • Mature, good quality sour
Slide 10: Sumatran/Java/Kalimantan Unconventional Plays
Sumatran/Java/Kalimantan Unconventional plays Basins have a range of plays at a variety of maturity windows For personal use only Late post-rift L.Mio - Recent 5 3 Key Early post-rift Marine shales 3 4 Early – mid Miocene Fluvio-Deltaic sst High stand shales/carb Carbonate Synrift Mid Eocene 2 to Ea
Slide 11: Indonesian Key Onshore Basins
INDONESIAN KEY ONSHORE BASINS Sumatra basins standout for unconventional focus in terms of discovered HC’s, multiple plays, market access & infrastructure For personal use only Sumatra 18.8 bbo, 60 tcfg, 1.2 bbc + Market, infrastructure Onshore volumes only shown + Accessible terrain Kalimantan 1.7
Slide 12: Sumatran Shale Targets
SUMATRAN SHALE TARGETS Challenge will be defining “sweet spots” of potential plays North Sumatra Central Sumatra South Sumatra For personal use only Properties Belumai Brown Lehat/Lemat/ Lower Baong Bampo Shale Telisa Formation Talang Akar Fm Formation Shale/Kelesa Benakat Shale Restricted marine La
Slide 13: North Sumatra Basin Well Correlation
NORTH SUMATRA BASIN WELL CORRELATION Multiple potential unconventional plays For personal use only High High High gas gas gas High gas High gas Middle Miocene Baong Fm tight sandstone/ siltstone play Gas pay Eocene- Oligocene Bampo Fm syn-rift shales with interbedded tight sst and carbonates Gas pay
Slide 14: Indonesian Way Forward
INDONESIAN WAY FORWARD “Cracking the code” has a way to go - earliest success expected in hybrid (tight oil and gas) plays For personal use only Phase II – Leverage Phase I – Study conventional Phase III – Concept Phase exploration Proof • Compile/access data • Detailed seismic analysis, • Hydraulic
Slide 15: Lion Unconventional Claims Staked
LION UNCONVENTIONAL CLAIMS “STAKED” Four Joint Study Applications (JSAs) submitted For personal use only • Lion has over 17,000km2 under LNG import terminal application North Sumatra Basin • 2 in North Sumatra, 2 in Central Sumatra • Potential world-class shale and tight gas/oil opportunities • USGS
Slide 16: Thank you
For personal use only Thank you For more information please contact: Kim Morrison Chief Executive Officer kmorrison@lionenergy.com.au Office: +61 8 9211 1500 Mobile: +61 404 490 964 16