Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Good Oil Conference 2015
23 slides from Synergia Energy's conference presentation, September 2015
Slide 1: Indian Production and West Australian Potential
For personal use only INDIAN PRODUCTION AND WEST AUSTRALIAN POTENTIAL ONSHORE CAMBAY AND CANNING BASINS Pete Bekkers September 2015
Slide 2: Important Information
IMPORTANT INFORMATION For personal use only Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis that none of the Company Directors nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, re
Slide 3: Who We Are
OILEX WHO WE ARE For personal use only Offices in Australia (Perth) and India (Gandhinagar) Gandhinagar Cambay Basin Key Projects • India - Onshore Cambay Basin (40,000 acres) INDIA • Australia – Onshore Canning Basin (3,000,000 acres) • Markets, infrastructure and good geology Canning Basin Drilled
Slide 4: Oilex in India: Well Established
OILEX IN INDIA WELL ESTABLISHED For personal use only CAMBAY-73 FACILITIES PRODUCTION START-UP JUNE 2015
Slide 5: Oilex in India: Investment Highlights
OILEX IN INDIA INVESTMENT HIGHLIGHTS For personal use only Strong energy market fundamentals in Gujarat, strong gas demand for power generation and industrial uses P Strong Domestic Economy Predominant competition is imported LNG A forecast middle class of ~475 million by 2030 P Supportive Governmen
Slide 6: Proven Oil and Gas
PROVEN OIL AND GAS NUMEROUS HC FLOWS TO SURFACE For personal use only 45% interest and operator Acreage • Cambay Basin: large oil province • Cambay Field: 161 km² (40,000 acres) • Multiple productive reservoirs Geology proven to deliver • Interpreted 2,800m of prospective section • 39 wells penetrat
Slide 7: Reserves & Contingent Resources
RESERVES & CONTINGENT RESOURCES PREPARED BY RISC AS AT 1 APRIL 2015 2P For personal use only ~20MMBoe Estimated Cambay Field Reserves (net) 1P* 2P 3P Gas C5+ Gas C5+ Gas C5+ Y Zone Bcf MMbbls Bcf MMbbls Bcf MMbbls Total – Gross Nil Nil 206 8.0 377 17.3 Oilex net working interest Nil Nil 93 3.6 170 7
Slide 8: 2015-16 Work Program
2015-16 WORK PROGRAM For personal use only Firm program – 2 wells & workovers • C-78H (core + 1400m Hz/18 fracs) Cambay-79H • C-80H (core + 700m Hz/8 fracs) • Frac number & design finalised after core analysis Cambay-78H Cambay-76H • 5 workovers Cambay-77H Contingent program – 2 wells & gas faciliti
Slide 9: Oilex in Australia: Low Cost Entry, High Value Play
OILEX IN AUSTRALIA LOW COST ENTRY – HIGH VALUE PLAY For personal use only CANNING BASIN
Slide 10: Canning Basin: Multiple Hydrocarbon Systems Proven, Underexplored
CANNING BASIN MULTIPLE HYDROCARBON SYSTEMS ARE PROVEN - UNDEREXPLORED For personal use only Numerous discoveries in the past • Older wells discovered small, conventional oil pools • Blina Oil Field (1981) IP ~1,000 bopd Recent discoveries • Buru Energy discovered Ungani Oil Field (2011) IP ~1,600 bo
Slide 11: Opportunity Identification: Capture of 3 Million Acres
OPPORTUNITY IDENTIFICATION STP-EPA-0106 STP-EPA-0107 CAPTURE OF 3 MILLION ACRES STP-EPA-0131 For personal use only 2D seismic data clearly images deep half-graben and large structures • Conventional and unconventional plays identified – Stacked objectives able to be tested with a vertical well Canni
Slide 12: Unique Canning Basin Location
UNIQUE CANNING BASIN LOCATION ADJACENT TO GLOBAL RESOURCE CENTRE For personal use only Adjacent to significant activity Access to infrastructure • Roads • Pipelines • Airstrips • Rail Numerous paths to commercialisation Access to potential markets • Surrounded by mining activity • “Gasification of t
Slide 13: Wallal Graben: Seismic Data Shows Text-book Half-Graben
WALLAL GRABEN SEISMIC DATA SHOWS TEXT-BOOK HALF-GRABEN ~5km ~20km ~200km For personal use only Jump correlations with regional seismic infer: • A near complete Ordovician sequence is preserved • Possible organic-rich Goldwyer and Bongabinni Formations present Depth to Basement Narrow half-graben Ext
Slide 14: Gravity Gradiometry/Magnetic Survey Results and Interpretation
GRAVITY GRADIOMETRY/MAGNETIC SURVEY RESULTS AND INTERPRETATION For personal use only 4060 line-km of high resolution data acquired by CGG in 2014 Confirmed Wallal Graben extends into SPA area • ~200km long • Only 20% of the graben is covered by 2D seismic data Series of grabens and half-grabens sepa
Slide 15: Source Rocks/Resource Play: Ordovician Bongabinni Fm.
SOURCE ROCKS/RESOURCE PLAY ORDOVICIAN - BONGABINNI FM. Black shales For personal use only Areas of local subsidence during deposition (e.g. the Admiral Bay Fault Zone and possibly the Wallal Graben) • Facilitated a local system of restricted lagoons in which chemically-reduced/organic-rich sediments
Slide 16: Source Rocks/Resource Play: Depositional Model
SOURCE ROCKS/RESOURCE PLAY DEPOSITIONAL MODEL For personal use only Subsidence along the Wallal Fault enabled a localised marine incursion during the Ordovician • Restricted lacustrine/lagoon system extends along the length of this half graben facilitating the deposition of high quality source rocks
Slide 17: Source Rock Maturity: Basin Modelling Project
SOURCE ROCK MATURITY BASIN MODELLING PROJECT For personal use only Multiple source rocks modelled • Bongabinni and Goldwyer Formations Seismic line Seismic line location Sensitivity analysis conducted Potentially significant petroleum system • Low, Most Likely and High cases simulated • Large areas
Slide 18: Large Structural Traps
LARGE STRUCTURAL TRAPS CLOSURES AT MULTIPLE LEVELS For personal use only Prospect 104km2 Structural closure Seismic line location S S Page 18
Slide 19: Extensive Fan Systems
SE NW EXTENSIVE FAN SYSTEMS CLEARLY-DEFINED & ~400M THICK Fan For personal use only Located along rift-bounding fault system • Basal incision, differential compaction and internal channel bodies Fan • 3 way dip-closure against basin margin fault (~20 km long) • Large stratigraphic upside Prospect 5k
Slide 20: East Africa Rifts vs Wallal Graben
EAST AFRICA RIFTS VS WALLAL GRABEN ANALOGOUS PLAYTYPES For personal use only Tullow Oil – significant success in East African rifts • Lake Albert Rift Basin – Uganda – > 1.1 Bbls discovered • South Lokichar Basin – Kenya – 7 wells = > 600 MMbbls ~10km South Lokichar Graben (Tullow) Comparable identi
Slide 21: Canning Basin Mythologies
CANNING BASIN MYTHOLOGIES SOUTHWEST CANNING HAS IT ALL! For personal use only Myth Reality “No roads – need to build own access routes” Great Northern Hwy passes through STP-EPA-0106 >1500 km of sealed and unsealed roads within the acreage “Need to build pipelines to handle gas” Telfer Gas Pipeline
Slide 22: Summary: Foundations for Value and Growth
SUMMARY FOUNDATIONS FOR VALUE AND GROWTH For personal use only Strategic Focus • Assets with deep markets, existing infrastructure & good geology • Production, cash flow and reserves • Low cost entry – high value plays Portfolio • India – Cambay asset in Gujarat State, a leading industrialised state
Slide 23: Indian Production and West Australian Potential
For personal use only INDIAN PRODUCTION AND WEST AUSTRALIAN POTENTIAL ONSHORE CAMBAY AND CANNING BASINS www.oilex.com.au twitter:@oilexltd