Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Lakes Oil N.L. — The Promised Land: The Future of Coal Seam Gas in Victoria Conference 2013
24 slides from Lakes Blue Energy Nl's conference presentation, Nov 7, 2013
Slide 1: Chairman's Presentation: The Promised Land conference
LAKES OIL N.L. A.C.N. 004 247 214 Lakes Oil N.L. CHAIRMAN’S PRESENTATION ASX Announcement “THE PROMISED LAND: THE And Media Release FUTURE OF COAL SEAM GAS IN 7 November 2013 VICTORIA” CONFERENCE Please find below the presentation by Lakes Oil N.L.’s Chairman, Mr. Robert Annells, made at the “The Pr
Slide 2: Lakes Oil NL
Lakes Oil NL The oldest oil and gas exploration company in Australia， getting to produce from Victoria’s new gas province – onshore Gippsland Basin
Slide 3: Disclaimer
Disclaimer This document is not a recommendation, offer or invitation by any person to any person to sell or apply for securities in the Company and does not constitute financial product advice. The document is not a prospectus under Australian law or under any other law. It is for information purpo
Slide 4: The Hard Road to Commercialisation
The Hard Road to Commercialisation
Slide 5: Previous Seismic Surveys
Previous Seismic Surveys Offshore has been extensively surveyed over a 30 year period. Onshore seismic coverage is sparse and old. • Last seismic onshore in 1984. • Major technological advances since 1984 not yet applied onshore. • Planning to acquire 3D seismic over the Wombat/Trifon fields to unde
Slide 6: Simplified Diagrammatic Cross-Section
@LAKES OIL NLL. SE Eastern Highlands Offshore Oil & Gas Production ae Ik > Longtom parracouta Marlin Mackerel (Projected) GasField Oil & Gas Field Oil Field La Quaternary sediments =< Sm] Tertiary aquifers an ss ++! coal seams Tertiary seal la Late Cretaceous rocks Early Cretaceous rocks i Basement
Slide 7: Yallourn North - Site of original shale oil core hole HOLDGATE1
Yallourn North - Site of original shale oil core hole HOLDGATE1
Slide 8: A Reservoir is a Reservoir
A Reservoir is a Reservoir Commonlycalled Source Rocks H . Tight Hybrid Shale or : s Conventional > Reservoirs > Reservoirs > Coalbed Methane : CSUG, 20
Slide 9: Technology Changes Solved with Access to US Input
Technology Changes Solved with Access to US Input
Slide 10: Hydraulic Fracture Stimulation
Hydraulic Fracture Stimulation TECHNOLOGY CHANGES OVER THE LAST 10 YEARS • Sequential multiple zone stimulation. • Increased fracture propagation length. • Dramatic improvements in synchronised breaker technology. • Improved computer modelling to allow accurate pre-frac predictions. • Improved frac
Slide 11: Radial vs Linear Flow Path in Fractured Reservoir
Radial Flow Path in Non-Fractured Reservoir Wellbore Hydrocarbon Flow Paths Overhead view of reservoir Linear Flow Path in a Hydraulically Fractured Reservoir Hydraulic Fracture Hydrocarbon Flow Paths Overhead view of reservoir
Slide 12: What is in a Typical Frac Fluid
Whatis ina Typical Frac Fluid Typical Shale Fracturing Mixture Makeup —_—Typical Chemical Additives Used In Frac Water Purpose Common application Helps dissolve minerals and initiate fissure in rock Swimming pool cleaner (pre-fracture) Allows a delayed breakdown Table salt of the gel polymer chains
Slide 13: What is in a Typical Frac Fluid
WHAT IS IN A TYPICAL FRAC FLUID 11/7/2013 All Rights Reserved SPC LLC 12
Slide 14: Slide 14
Slide 15: Lack of Understanding of the Resource from Government Bodies
Lack of Understanding of the Resource from Government Bodies
Slide 16: Yallourn North - Site of original shale oil core hole HOLDGATE1
Yallourn North - Site of original shale oil core hole HOLDGATE1
Slide 17: Wombat Tight Gas Field
My PUG ikl le All I es 5 i ih all al ren : : i al r | | \ re 1 ll ll FTE wn Were ET 1) ! 4 A 4 4 iy pr ell ESE he i) 1 fae "| AP) = ie) - fy op) ie] ro) ~ o A fH ~ ise] a) = =
Slide 18: The Current Confusion of Coal Bed Methane and Tight Gas and the Way Forward
The Current Confusion of Coal Bed Methane and Tight Gas and the Way Forward
Slide 19: Mud Island
Mud Island
Slide 20: Simplified Diagrammatic Cross-Section
LAKES OIL N.L. NW Lakes SE Seaspray Depression Eastern Highlands Lakes Latrobe Valley Wells Wells Offshore Oil & Gas Production I< >| |< >| \« > Boundary Ck2 —Trifon Wombat Longtom parracouta Marlin Mackerel Holdgate 1 i i Field Field py aquifers sealed (Projected) Gas Field Oil.& Gas Field Oil Fiel
Slide 21: Wombat-5 Schematic
Wombat Wombat-5 Schematic Gippsland Limestone Lakes Entrance Formation Latrobe Group (Sands & Coals) Volcanics Weathered Strzelecki Formation Unweathered Strzelecki Formation we Weathered Strzelecki Unweathered Strzelecki
Slide 22: Wombat 5: Similar Lithologies between fields
Wombat 5 Similar Lithologies between fields Longtom-2 core Wombat-2 core
Slide 23: Well head
Well head (3 safety valves) Gifford aquifer is protected by three cemented casing strings. Aquifers are protected by at least No groundwater connectivity} 2 cemented casing strings. Top Strzelecki Group
Slide 24: Commerciality through New Technology
Commerciality through New Technology Lakes Oil has learned a tremendous amount about the onshore Gippsland Basin following the investment of over $50m in drilling, stimulating and testing activities: • Unique position to market • Next to one of Australia’s major gas hubs • Service entire eastern sea
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