Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Investor Presentation (August 2023)
15 slides from Omega Oil & Gas's investor presentation, Aug 8, 2023
Slide 1: Canyon Gas Discovery Update
Canyon Gas Discovery Update Omega Oil and Gas Limited | August 2023 THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS CANYON-1 SITE | QUEENSLAND, AUSTRALIA
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this document has been prepared for information purposes only and does not constitute a prospectus, or an offer, invitation, solicitation or recommendation with respect to the
Slide 3: Key Risks
KEY RISKS We recommend investors to read and consider the risks associated with Omega, its assets and the industry it is in as set out in Omega’s prospectus that was lodged with the Australian Securities and Investments Commission on 22 August 2022 (Prospectus) which is available from Omega’s websit
Slide 4: Omega Oil & Gas Limited (ASX: OMA)
OMEGA OIL & GAS LIMITED (ASX: OMA) Omega Oil and Gas Limited (as at close 3 August 2023) Shares on Issue1 163,528,977 Share Price ($ per share) A$0.17 Market Capitalisation A$27.80m Net debt Nil Reserves & Resources2 Reserves 130,133 bbls Note 1 This figure does not include options or performance ri
Slide 5: Board and Management
BOARD AND MANAGEMENT MANAGEMENT Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Strategic Advisor STEPHEN HARRISON LAUREN BENNETT MICHAEL SANDY QUENTIN FLANNERY ANDREW HACKWOOD TREVOR BROWN Stephen brings to the Board Lauren is a management Michael is
Slide 6: Taroom Trough - Next Generation of East Coast Gas Supply
TAROOM TROUGH - NEXT GENERATION OF EAST COAST GAS SUPPLY ➢ Proven, large scale (multi-TCF potential), gas resource with associated liquids in the Southern Taroom Trough, SE Queensland ➢ Multiple intervals of interest within a large, mixed-lithology, basin-centred, tight-gas play ➢ Several operators
Slide 7: Omega Opportunity
OMEGA OPPORTUNITY Two large, 100% owned ATPs in favourable geologic and geographic setting – substantial acreage close to existing infrastructure Two successful discovery wells drilled by Omega in last 12 months: ➢ High gas readings throughout the Permian Kianga/Tinowon in both wells ➢ Canyon- 1 int
Slide 8: Large Scale, Continuous, Deep Permian Tight Gas Play – Mixed Lithologies
LARGE SCALE, CONTINUOUS, DEEP PERMIAN TIGHT GAS PLAY – MIXED LITHOLOGIES Canyon-2 Canyon-1 Total Gas recorded while drilling Tasmania-1 Rewan Formation Rewan Marker Kianga Formation 3365.5 m MD 3510 m MD 3646 m MD 360m Wallabella CM Muggleton Fm 394m Basement 0 5 10 km OMEGA OIL AND GAS LIMITED 8
Slide 9: Deep Permian Gas Play
Elixir Energy drilling and DEEP PERMIAN GAS PLAY completing Daydream-2 in 2023/24, appraising Shell QGC reportedly the 2012 Daydream-1 drilling and completing gas discovery made by ➢ Canyon wells proves the deep Permian play within Omega’s licence area several extended reach BG Group (now Shell) hor
Slide 10: Canyon Field – 100% Owned & Operated by Omega
CANYON FIELD – 100% OWNED & OPERATED BY OMEGA Time Depth Curve Canyon-1 & Canyon-2 discoveries Canyon 1 - Drilled 2023 drilled in early 2023 0 Canyon 2 - Drilled 2023 Tinowon 2 - Drilled 2015 Best in class execution with no HSE Magnetic 1 - Drilled 2015 incidents & negligible Non-Productive 500 Dunk
Slide 11: Omega Will Re-Enter Canyon-1, Drill & Fracture Stimulate a Horizontal Section
OMEGA WILL RE-ENTER CANYON-1, DRILL & FRACTURE STIMULATE A HORIZONTAL SECTION • Omega will re-enter the existing Canyon-1 vertical well to drill a horizontal section then perform a multi-stage stimulation to test the productive capability of the Permian reservoir interval • The Deep Permian play app
Slide 12: Omega's Forward Plan - Test the Key Issue Required to Demonstrate Commerciality
OMEGA’S FORWARD PLAN - TEST THE KEY ISSUE REQUIRED TO DEMONSTRATE COMMERCIALITY – CAN POTENTIALLY COMMERCIAL FLOW RATES BE ACHIEVED? Next 6 Months 6 – 18 months 18 months + Execution Phase Long Term Strategy Design and Planning Phase • Drill Canyon-1H horizontal • Multi-well appraisal drilling • Fin
Slide 13: Fundraising Overview
FUNDRAISING OVERVIEW Omega was seeking to raise A$20mm of new capital to re-enter, drill and fracture stimulate and complete a horizontal section, behind Shell’s planned campaign in Q1/2 2024, in the Southern Taroom Trough/Bowen Basin Permian Deep Gas play via a two-tranche placement. Fundraising is
Slide 14: Fundraising Overview
FUNDRAISING OVERVIEW Sources of Funds A$M Existing Cash¹ 2.15 New Cash & Equivalents 21.43 Note 2 Total 23.58 Research and Development (R&D) Tax Incentive Plus: R&D Rebate of up to 48.5% of eligible expenditure ² The Research and Development Tax Incentive is an Note 1 As at 30 June 2023 Australian G
Slide 15: For All Enquiries Please Contact
FOR ALL ENQUIRIES PLEASE CONTACT LAUREN BENNETT | CEO & MANAGING DIRECTOR JONATHON FEIL | CORPORATE ADVISOR 0439 911 912 | LAUREN.BENNETT@OMEGAOILANDGAS.COM.AU 0402 824 211 | JONATHON@PRENZLERGROUP.COM.AU THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
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