Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Investor Presentation (September 2020)
19 slides from Lakes Blue Energy Nl's investor presentation, Sep 16, 2020
Slide 1: Investor Information and Company Strategy
Lakes Oil NL Investor Information and Company Strategy September 2020
Slide 2: At a Glance - Today
At a Glance - Today ASX Code LKO Shares on Issue 33,668,753,141 Con. Notes on Issue 4,961,111,113 Share Price# ≈ 0.1 cent Market Cap. (fully diluted) A$38.5m Shareholders ≈ 12,200 Independent Valuation Midpoint 0.3 c/s Upside 0.6 c/s Lakes Oil N Further Potential # Trading of the Company’s shares is
Slide 3: Forward Vision
Forward Vision Lakes Oil aspires to become a gas producing company within 2-3 years with market capitalisation increased to >$500 million. • Company holds a diverse portfolio of highly-prospective acreage. • Portfolio includes independently certified contingent gas resource in Victoria. • Onshore ex
Slide 4: Strategy to Achieve Vision
Strategy to Achieve Vision Potential Initiative Net to Lakes Timeframe Size 50% Develop Nangwarry CO2 Project Rec.25.1 Bcf 1 2023 (50% VEN) 49% Drill / Complete Otway-1 P50 5Bcf 2 2022 (51% AJQ) Develop Wombat Gas Field 100% 2C 329Bcf 3 2022/3 57.2% (42.5% Develop Trifon-Gangell Gas Field2 2C 390Bcf
Slide 5: Supporting Information Project Portfolio
Supporting Information Project Portfolio
Slide 6: Nangwarry (PEL 155, Otway Basin, SA)
Nangwarry (PEL 155, Otway Basin, SA) • Nangwarry-1 well drilled December 2019 Joint venture with Vintage Energy High carbon dioxide content (>90%) • Best Estimate of Recoverable CO2 is 25.1 Bcf1 Lakes Oil net share of rec. CO2 is 12.6 Bcf Potential to supply 150 t/d CO2 for >15 years • Memor
Slide 7: Otway-1 Gas Well – Otway Basin, Victoria
Otway-1 Gas Well – Otway Basin, Victoria • Conventional vertical well (Lakes Oil 49%) • Drilling planned for mid-2021, as soon as exploration is allowed to resume • Well targets Waarre Sandstone and Eumeralla Formation • Waarre Sandstone is basis for adjacent, historic gas production • Eumeralla For
Slide 8: Wombat Gas Field – Gippsland Basin, Victoria
Wombat Gas Field – Gippsland Basin, Victoria • 329 Bcf contingent gas resource already demonstrated 3. • Wombat-5 well: Lateral well targeting conventional potential of Strzelecki Formation. 10 TJ/day gas flow rate independently predicted3 Government approval to be sought to allow drilling asa
Slide 9: Integrated Wombat – Trifon/Gangell Project
Integrated Wombat – Trifon/Gangell Project 9
Slide 10: Arrowie Basin, South Australia
Arrowie Basin, South Australia • Lakes Oil 100% • Historic oil shows at Wilkatana were outside of seal • Closure identified through more recent seismic program • Farm-out opportunities to be investigated 10
Slide 11: ATP1183, Queensland
ATP1183, Queensland • 100% Lakes Oil ownership • Proven hydrocarbon province • Multiple prospects identified5 Wellesley Dome - 41 Bcf. Emu Apple North - 3.4 MMBbl. WELLESLEY DOME Bendee Prospect – 1 MMBbl. ATP Major East Lead - 13.8 Bcf. • Exploration success can be quickly monetised: In c
Slide 12: Portland Energy Project – Otway Basin, Vic.
Portland Energy Project – Otway Basin, Vic. • Multi Tcf potential4 – scale comparable to the Bass Strait. • All historic wells intersecting Eumeralla Formation showed gas. • Focus area identified for conventional pursuit. • Up to 3TCF of recoverable conventional potential4. • Sites selected for 2 pr
Slide 13: Portland Energy Project – Clear Potential
Portland Energy Project – Clear Potential 13
Slide 14: Buna Prospect – PPL 560, Papua New Guinea
Buna Prospect – PPL 560, Papua New Guinea • 3.3 Tcf (P50 recoverable resource) 6 • AVO flat spots on seismic are reliable hydrocarbon indicators • Extension of term of PPL 560 imminent • Value-realising farm-out opportunity to then be implemented 14
Slide 15: Reference Information Eastern Australian Gas Market
Reference Information Eastern Australian Gas Market
Slide 16: East Coast Australia Gas Supply and Demand
East Coast Australia Gas Supply and Demand Source: Gas Statement of Opportunities, Australian Energy Market Operator, 2019 16
Slide 17: East Coast Australia Gas Pricing
East Coast Australia Gas Pricing Outlook is for sustained high gas prices Source: Gas Statement of Opportunities, Australian Energy Market Operator, 2019 17
Slide 18: Sources of Information
*Sources of Information All estimates have been prepared in accordance with the Petroleum Resources Management System (‘PRMS’) established by the Society of Petroleum Engineers (‘SPE’), 2007, and Guidelines for Application of the PRMS (SPE, 2011). All estimates are reported in accordance with the gu
Slide 19: 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
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