Emerald Resources Nl · ASX:EMR

Emerald Resources Nl — Emerald Oil & Gas NL — Corporate Update (May 2010)

14 slides from Emerald Resources Nl's corporate update, May 25, 2010

  1. Slide 1: Emerald Oil & Gas NL Operations Update

    For personal use only Emerald Oil & Gas NL Operations Update 25 May 2010

  2. Slide 2: Disclaimer

    For personal use only Disclaimer This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectation reflected in the statements are reasonable but they may be affected by a variety of variables and chan

  3. Slide 3: Operations Update Summary

    Operations Update Summary For personal use only NW Alice – increase from 14% to WI to 35% in 4500 lease acres • Acquisition of Noble lease interests in 4500 lease acres and 15 mi2 3D seismic data to close by end May • Planning to drill follow up to discovery well in August 2010 NOXXE LLC – final clo

  4. Slide 4: Emerald's Business Plan On Track

    Emerald’s Business Plan On Track For personal use only 1. Establish surplus operating cash flow – top priority in 2010 Appalachian Gas – gas production from multiple gas projects NOXXE – oil and gas production from 3 developed fields 2. Deliver step change Company value growth – 2010/2011 NW Alice (

  5. Slide 5: Emerald Asset Portfolio

    Emerald Asset Portfolio For personal use only R1, EP104, (12.75% WI) - 800 km² permits P & J JV (80% WI) - Stokes Bay gas discovery? - 8 wells Ky Canning Appalachian - 50% Amine Plant Basin Gas Projects KEP LLC (75% equity) TP24, EP463 - 14 gas wells WA-419-P (100% WI) - 2000 lease acres - 8600 km²

  6. Slide 6: Emerald Asset Portfolio

    Emerald Asset Portfolio For personal use only USA (Texas & Kentucky) NW Alice (35% WI) g Possible reserves(2.) of 100+ Bcf • 4500 lease acres over anticline structure holding gas and 2.5+ MMbbl condensate • 6.6 Bcf gas and 165,000 bbl oil Proved + Probable reserves(100%WI) (2.) from RJ Hunter #1 dis

  7. Slide 7: Emerald 'Indicative' Projects Schedule to June 2011

    Emerald ‘Indicative’ Projects j Schedule to June 2011 For personal use only 2010 2011 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Appalachian Gas 22 Mile Target 1 MMcfd by New KEP Project A LL Arnett end 2010 KEP (75% equity) New KEP Project B Beetree Salt Lick NW Alice Increase

  8. Slide 8: Indicative Emerald Cashflow Metrics

    Indicative Emerald Cashflow Metrics For personal use only EMR Net Revenue from 1 full year of gross wellhead production: Appalachian Gas @1MMcfd $A1,070,000 NW Alice Gas @1MMcfd * $A722,000 NOXXE @100bopd $A517,000 Note: These are not a production forecasts. Price Assumptions: The above Net Revenues

  9. Slide 9: NOXXE

    NOXXE For personal use only 31.5% EMR equity option in NOXXE LLC 3 oil & gas fields, within 30 miles of Houston, Texas: • Humble H bl ((approx 90% WI) - 22 existing i ti wells,ll attic oil drilling, Wilcox gas drilling location • North Dyersdale ( 37.3% WI) – 2 oil &1 gas wells • Dickinson c so ((10

  10. Slide 10: NW Alice (EMR 35% WI)

    NW Alice (EMR 35% WI) For personal use only  anticline structure containing 100+ Bcf Gas and 2.5+ MMbbl Oil 2007 gas/condensate discovery - RJ Hunter Well (EMR10% WI)  35% WI in 4500 lease acres on structure, full 3D seismic coverage  Several drilling locations from 3D targeting 2 Yegua sand int

  11. Slide 11: Appalachian Gas Projects (75% EMR Interest)

    Appalachian Gas Projects (75% EMR Interest) For personal use only Kentucky Energy Partners LLC 1 gas project producing, several in progress 14 gas wells, 2000 lease acres 1. Deliver Sweet Gas projects • underwrite gathering infrastructure investment • test shale gas potential with well recompletions

  12. Slide 12: Canning Basin

    For personal use only  awaiting Buru plans to test Stokes Bay-1  awaiting Buru plans to work over West Kora-1  interpreting newly acquired expl seismic data

  13. Slide 13: Competent Person Statements

    Competent Person Statements For personal use only 1. NOXXE reserves mentioned in this communication are summarised from Pearl Petroleum Engineering Consulting Services reports dated November and December 2008. These reports were prepared for DayStar Oil & Gas Corp by Nguyen B. Ngoc (B.S. and M.S. Pe

  14. Slide 14: Contacts

    For personal use only Contacts • Office Address: Level 2, 16 Altona Street, West Perth WA 6005 • Phone: (+61 8) 9482 0510 • Fax: (+61 8) 9482 0505 • Web: www.emeraldoilandgas.com • Email: Mik K Mike Krzus – Managing M i DiDirector t mkrzus@emeraldoilandgas.com

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