Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Investor Presentation (December 2021)
10 slides from Carnarvon Energy's investor presentation, December 2021
Slide 1: Generating Value Through the Energy Transition
GENERATING VALUE THROUGH THE ENERGY TRANSITION GENERATING VALUE THROUGH THE ENERGY TRANSITION 1
Slide 2: Bedout basin exploration
Bedout basin exploration
Slide 3: Highlights - Bedout basin
Highlights - Bedout basin 1. Play types in every direction Geological elements in place with ideal timing 10+ key play types with only two tested 2. Attractive risk profile Proven petroleum systems Significant seismic data quality improvement GENERATING VALUE THROUGH THE ENERGY TRANSITION 3
Slide 4: Bedout Basin Geological Elements
Bedout Basin Geological Elements Foundation for outstanding prospectivity D-1 R-2R-1 PS-1P-1 P-2 All geological elements are in place • Reservoir – clean quartzose reservoirs, preserved at depth • Source – widespread interbedded rich sources (liquids/gas) • Seal – four excellent regional, and many s
Slide 5: Bedout Basin Play Fairways
Bedout Basin Play Fairways Proven basin with multiple untested plays Carnarvon’s acreage covers the best part of the basin. Prospective for liquids and gas. Substantial discovered volumes & exploration upside: • Excellent discovery success rate • Only ~6% of area explored – Phoenix-Dorado Corridor •
Slide 6: Bedout Basin Seismic Data Quality
Bedout Basin Seismic Data Quality Substantial improvement from 2D, to initial 3D, to reprocessed 3D 2D (1987, repro.) 3D (2019) 3D (2021 repro.) C D C D C D Dorado Dorado canyon canyon C Dorado D GENERATING VALUE THROUGH THE ENERGY TRANSITION 6
Slide 7: Bedout Basin 3D Seismic Coverage
Bedout Basin 3D Seismic Coverage 3D seismic now covers most of the prospective basin area Two new 3D seismic surveys were acquired in 2021. These will mature and de-risk key groups of leads and prospects. • Archer 3D, 595 km2 – Dorado near-field prospects • Keraudren Ext. 3D, 2,534km2 – eastern lead
Slide 8: Pavo-1 well
Bedout Basin Pavo-1 well Dorado analogue; tieback or stand-alone potential Location, WD ▪ WA-438-P (Santos 70%, Carnarvon 30%) ▪ 42km east of Dorado, 88m water depth Rig ▪ Noble ‘Tom Prosser’ jack-up Trap ▪ Archer Fm. closure & channel truncation plays Target ▪ Caley Member sands under Hove Fm. seal
Slide 9: Apus-1 well
Bedout Basin Apus-1 well Potential for a very substantial resource Location, WD ▪ WA-437-P (Santos 80%, Carnarvon 20%) ▪ 31km southeast of Dorado, 84m water depth Rig ▪ Noble ‘Tom Prosser’ jack-up Trap ▪ Archer Fm. closure & channel truncation plays Targets ▪ Primary: Caley & Milne Member sands, Hov
Slide 10: Highlights - Bedout basin
Highlights - Bedout basin 1. Play types in every direction Geological elements in place with ideal timing 10+ key play types with only two tested 2. Attractive risk profile Proven petroleum systems Significant seismic data quality improvement GENERATING VALUE THROUGH THE ENERGY TRANSITION 10
Carnarvon Energy — Investor Presentation (December 2021) on 6ix