Frontera Energy Corporation · TSX:FEC
Frontera Energy — Corporate Update (October 2021)
19 slides from Frontera Energy's corporate update, Oct 22, 2021
Slide 1: Informational Presentation on Guyana-Suriname Basin, Offshore Corentyne Block and Kawa-1 Objectives
INFORMATIONAL PRESENTATION ON GUYANA-SURINAME BASIN, OFFSHORE CORENTYNE BLOCK AND KAWA-1 OBJECTIVES OCTOBER 22, 2021 1
Slide 2: Advisories
Advisories This presentation contains forward-looking statements or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities legislation, which involve known and unknown risks, uncertainties, and other factors that may cause the actual resu
Slide 3: Presenters
Presenters Jennifer Budlong, Exploration Manager for CGX Energy 20+ years' experience in domestic and international basins worldwide including Shell, BHP, Maersk Oil and Venari Resources. Kevin Lacy, Exploration Project Manager /Drilling Director for CGX Energy 41 years' experience with Chevron, BP,
Slide 4: Opportunity – Overview
Opportunity – Overview • Over 1.4 million gross acres in one of the hottest offshore exploration basins in the world, de-risked with extensive 3D seismic survey data, basin modelling and biostratigraphic studies • Kawa-1 exploration well successfully spudded in Aug 2021 by the Maersk Discoverer, a s
Slide 5: Guyana Exploration Opportunities
Guyana Exploration Opportunities • Over 1.4 million gross acres in one of the hottest offshore exploration basins in the world. • The Joint Venture acquired, processed and interpreted a new 3D seismic survey over the most prospective Northern Region of the Corentyne Block in late 2019 - early 2020 C
Slide 6: Exploration Activity Adjacent to Corentyne
Exploration Activity Adjacent to Corentyne PLUMA (December 2018): CATABACK (October 2021): HAIMARA (February 2019): - TD 16,443 ft (WD 3,339 ft) - TD 16,443 ft (WD 5,928 ft) - TD 18,286 ft (WD 4,589 ft) - Maastrichtian/U. Campanian - 121 ft “hydrocarbon-bearing”(?) reservoir - Upper Cretaceous, dual
Slide 7: Depositional Systems And Play Types within Corentyne
Depositional Systems And Play Types within Corentyne • Play types in North Corentyne area include Tertiary Canyon fills, Maastrichtian to Santonian slope and basin floor fans, and Albian sands • Kawa-1 will target stacked, porous Campanian and Santonian sands • As in surrounding discoveries, light o
Slide 8: Corentyne Geologic Setting and Cretaceous Reservoir Development
Corentyne Geologic Setting and Cretaceous Reservoir Development Schematic Fan Lobe Deposition in the North Corentyne Region Turbot, STABROEK Longtail, etc BLOCK 58 BLOCK ? ? Haimara Pluma • North Corentyne is in a highly favorable location near the mouth of the Berbice Canyon, where large Santonian
Slide 9: Northern Corentyne Prospectivity
Northern Corentyne Prospectivity Two large channel/lobe complexes identified, which are in close proximity to the Western complex Complex Western recent Block 58 (Suriname) and the Stabroek Santonian and Campanian discoveries. • Eastern Complex: Eastern complex • Kawa Prospect identified - well spud
Slide 10: Kawa-1: Seismic Depth Section
Kawa-1: Seismic Depth Section NW KAWA-1 SE Secondary Target ● The eastern area - targeted by the Kawa-1 location - has the best, brightest Campanian amplitudes in the Santonian, and most 19 Kawa Primary definitive trap definition; giving it the highest COS and making it the best Target Santonian can
Slide 11: Kawa-1: Trap and Seal
Kawa-1: Trap and Seal • The primary target at the Kawa location lies in a combination Attribute Map structural-stratigraphic trap, which helps mitigate risk RMS Horizon 23 • Stacking of sands has resulted in counter regional dip CI = 50 meters • Stratigraphic trapping to the north and west is provid
Slide 12: Kawa-1: Campanian Structure and Stratigraphy (secondary target)
Kawa-1: Campanian Structure and Stratigraphy (secondary target) Depth Structure Map Attribute Map Horizon 19 RMS Horizon 19 CI = 25 meters CI = 25 meters Seismic Amplitude Analysis illustrates the potential at Kawa for reservoir quality rock and hydrocarbons in the channelized Campanian target. 12
Slide 13: Kawa-1: Santonian 23 Structure and Stratigraphy (primary target)
Kawa-1: Santonian 23 Structure and Stratigraphy (primary target) Top Horizon 23 Attribute AttributeMap Map Depth Structure 10,173 Acres Santonian Root Mean RMS HorizonSquare 23 Map Amplitude Outline (RMS)- Depth Structure Horizon 23 Map CI = 50Horizon meters23 C.I. 50 meters C.I. 50 meters CI = 50 m
Slide 14: Kawa-1: Santonian 25 Structure and Stratigraphy (secondary target)
Kawa-1: Santonian 25 Structure and Stratigraphy (secondary target) Depth Structure Top Horizon 23 Map Attribute Map Horizon 25 Santonian RMS Horizon 25 Amplitude Outline DepthCIStructure = 25 meters Map CI = 25 meters C.I. 50 meters Kawa-1 Kawa-1 Seismic Amplitude Analysis illustrates the potential
Slide 15: Kawa-1: Well Location
Kawa-1: Well Location Kawa #1: Spud 22-Aug-2021 Primary Target: Santonian Horizon 23 Secondary Targets: Campanian Horizon 19 and Santonian Horizon 25 15
Slide 16: Kawa-1: Rig Update / Assurance / Organization
Kawa-1: Rig Update / Assurance / Organization On April 22, 2021, CGX Energy Inc. entered into an agreement with Maersk Drilling Holdings Singapore Pte. Ltd., a subsidiary of The Drilling Company of 1972 A/S, for the provision of a semi-submersible drilling unit, the Maersk Discoverer, and associated
Slide 17: Kawa-1: Operations Update
Kawa-1: Operations Update Kawa #1 CGX Drilling Team Objectives Water Depth 1174’ 36” Safe Operations Full evaluation of the geologic Base Case Casing Design objectives 36” conductor, 22”casing, 18”liner, 22” Managing costs and schedule 13&5/8” casing and 9&5/8” liner Two contingency liners remaining
Slide 18: Summary
Summary • Over 1.4 million gross acres in one of the hottest offshore exploration basins in the world, de-risked with extensive 3D seismic survey data, basin modelling and biostratigraphic studies • Kawa-1 exploration well successfully spudded in Aug 2021 by Maersk Discoverer, sixth-generation semi-
Slide 19: Q&A Section
Q&A Section 19