Emperor Energy Ltd · ASX:EMP
Emperor Energy — PESA Deal Day Presentation (Petroleum Exploration Society of Australia) (May 2023)
20 slides from Emperor Energy's conference presentation, May 15, 2023
Slide 1: Judith Gas Field Appraisal & Exploration Opportunity
For personal use only Judith Gas Field Appraisal & Exploration Opportunity 2.2 Tcf P50 Prospective Recoverable Gas Resource 198 Bcf 2C Contingent Resource PESA Deal Day Presentation (Petroleum Exploration Society of Australia) 1 15th May 2023
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER • This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Emperor Energy Limited ABN 56 006 024 764 (ASX: EMP). The material provided to you does not constitute an invitation, solicitation
Slide 3: Introducing Emperor Energy Team
Introducing Emperor Energy Team A team of experienced E&P and corporate professionals For personal use only Phil McNamara Carl Dumbrell Nigel Harvey Malcolm King Geoff Geary Director Director Director Project & BD Geological Consultant Consultant • 37 years in the • Chartered • Former investment • ~
Slide 4: Gippsland Basin, 40km offshore
Gippsland Basin, 40km offshore New pipeline to shore at Orbost would provide access to East Coast domestic gas market For personal use only 4
Slide 5: Judith-1 discovered multiple stacked reservoirs
Judith-1 discovered multiple stacked reservoirs • Judith & Longtom Gas Sands: For personal use only – 1.627 TCF (P50) Prospective Recoverable Resource (unrisked) – Plus additional 2C Contingent Resource of 198 BCF (P50) Recoverable • Kipper and Golden Beach Sands – Additional 622 BCF (P50) Prospecti
Slide 6: Emperor owns 100% of VIC/P47
Emperor owns 100% of VIC/P47 Permit is in good standing. Judith appraisal well due August 2023. Permit Suspension/Extension to be requested with NOPTA based on the now extended EP Stakeholder Consultation process For personal use only • Ownership: Emperor owns 100% of 203 km2 VIC/P47, which covers t
Slide 7: Gippsland Basin Stratigraphy
Gippsland Basin Stratigraphy • Judith and Longtom gas reservoirs – early rift fluvio-lacustrine Cenomanian sediments of the Emperor Subgroup • Kipper and Golden Beach Subgroup reservoirs – a secondary, developing play extending from Kipper Gas Field For personal use only Golden Beach Subgroup (Kippe
Slide 8: VIC/P47 Structural Configuration
VIC/P47 Structural Configuration The shallowest Judith reservoir (JGS1) was interpreted to Longtom where it correlated with the Longtom 500 Gas Sand For personal use only 8
Slide 9: Longtom-1 Well to Judith-1 Well
Longtom-1 Well to Judith-1 Well Cross-section of Longtom and Judith reservoir sequences Longtom-1 Longtom-2 Longtom-4 SE Longtom-1 Judith-1 For personal use only Flattened Top Ltom 500/ Top Judith 1 Ltom 500 sands thin or poorly developed across Longtom gas Ltom 500 Judith 1 field compared to JGS 1
Slide 10: Judith-1 to Judith-2 Appraisal Well Location
Judith-1 to Judith-2 Appraisal Well Location Judith-2 NW (proposed) Judith-1 ESE For personal use only Base Campanian Volcanics Base Golden Beach Sand -1778 m -2077 m Top JGS 1 -2542 m Strzelecki Base JGS 2 Base JGS 4 Longtom Sands TD -3300 m Longtom Sands Top Turonian Volcanics
Slide 11: AVO Class III Judith Gas Sand
AVO Class III Judith Gas Sand 2 Vic/P47 For personal use only Depth Map Judith Gas Sand 2
Slide 12: Shuey Fluid Factor Judith Gas Sand
Shuey Fluid Factor Judith Gas Sand 2 Vic/P47 For personal use only Depth Map Judith Gas Sand 2
Slide 13: AVO Class III Judith Gas Sand
AVO Class III Judith Gas Sand 4 Vic/P47 For personal use only Depth Map Judith Gas Sand 2
Slide 14: Development Case (2022): Five wells produce for 12.3 years
Development Case 7 (2022): Five wells produce at 125 MMSCFD for 12.3 years Five well 125 MMSCFD case produces 561 BCF over 12.3 years at 10.6% RF of GIP 5.312 Tcf (Isolated Block Model - 450m) 5 well 2022 3D-GEO dynamic model update: • Model production 561 Bscf in 12.3 years (FR 10.6%) • Reflects co
Slide 15: Longtom demonstrates high flow rates from Emperor sands
Longtom demonstrates high flow rates from Emperor sands Increases positive likelihood of high flow rates from Judith-2 For personal use only Longtom-H3 (2006) flow tested – L’tom 400 @ 30 MMscfd – L’tom 300, 200 & 100 @ 77 MMscfd Peak Longtom production flow rates of 56-77 MMscfd achieved from two h
Slide 16: Judith-2 Appraisal Well
Judith-2 Appraisal Well Judith-2 appraisal well objectives: P90 dry hole well cost (including well test For personal use only planning), from rig EOIs, of U$25m (semi-sub) 1. Prove up more contingent resource a) Drilling of Judith-2 in the Central Block is expected to • Semi-sub or jack-up rig (70m
Slide 17: Judith-2 Appraisal Well Seismic Cross-Section
Judith-2 Appraisal Well Seismic Cross-Section SW Judith South Block Judith-2 (proposed) NE For personal use only Base Campanian Volcanics Top JGS 1 Rosedale Fault Base JGS 2 Base JGS 4 Judith-2 Longtom Sands (proposed) Ltom 200
Slide 18: Judith Gas Field Subsea Gas Gathering System
Judith Gas Field Subsea Gas Gathering System • 6 slot gathering manifold For personal use only with fly leads to well heads • Pre-FEED based on initial 4 well development subsea gas gathering system • Connecting to dedicated 40km subsea pipeline to Orbost Gas Processing site
Slide 19: Project Economics: Gas Pricing
Project Economics: Gas Pricing Sales Gas Price (Victoria ex-plant) AEMO Step Change For personal use only forecast (A$/GJ) South East Supply Demand 400 Flow from North and Moomba 14 LNG imports Anticipated Developed and Committed 12 Demand Sales gas price A$/GJ (2023, Real) Supply / Demand (PJ/a) 30
Slide 20: Contact Details
For personal use only Contact Details: Phil McNamara 0428409584 philmcnamara@outlook.com.au Carl Dumbrell 0402 277 282 carl@emperorenergy.com.au