Red Sky Energy Limited · ASX:ROG
Red Sky Energy — 2010 Good Oil Conference
12 slides from Red Sky Energy's conference presentation, Sep 8, 2010
Slide 1: Presentation to 2010 Good Oil Conference
For personal use only Red Sky Energy Presentation to 2010 Good Oil Conference Rohan Gillespie, Managing Director 8th September 2010
Slide 2: Core projects
Core projects For personal use only • Yaraka • Taroom Trough • Sandy Camp • Clarence Moreton
Slide 3: Focus on east coast gas markets
Focus on east coast gas markets For personal use only • Positive news for LNG in Gladstone – Significant pre spend by BG – Major buyer joining Santos/Petronas project – Continued strength of oil price • LNG in Newcastle now mooted – Major push by Eastern Star Gas • SSubstantial b t ti l gas tto powe
Slide 4: Yaraka Project
Yaraka Project For personal use only • ATP946 is located near the Gilmore Gas Field in the Eromanga Basin. • The main coal bearing formation in the area is the Winton Formation, with depths of 800m and with a likely thickness of 400‐ 600m. • Net coal accumulations are estimated to be up to 25m in th
Slide 5: Proposed Work Program
Proposed Work Program For personal use only Farm‐in agreed with i h Resolve l Geo, to earn up to 100%. Two core hole work program proposed in 2011 once permit is granted.
Slide 6: Taroom Trough Project
Taroom Trough Project For personal use only • A number of wells around ATP840 have tested gas in the Early Triassic and Late Permian sands • These have been relatively tight tight, but still flowed gas with little water • Gas flows include Kinkabilla, Cabawin and Overston wells up to 205,000cfd • Dr
Slide 7: Basin centred gas potential
Basin centred gas potential For personal use only • The Piceance Basin in Colorado Piceance Basin – production now exceeds 300PJ pa • Number of similarities to the Surat Basin – Coaly source rock – Fluvial sand reservoir system – 2500 – 3000m depth – Gas flows from sands close to the source rock • 8
Slide 8: Sandy Camp Project
Sandy Camp Project For personal use only Kurrabooma #1 well drilled by ESG Red Sky’s proposed Carinda #1 Well Baradine Creek #1 well drilled by ESG Coonamble Embayment
Slide 9: Clarence Moreton Project
Clarence Moreton Project For personal use only Multi Play Opportunity • Walloon coals • Ipswich coals • Conventional oil and gas • Shale gas Escalation of activity • Metgasco g multi $$m p program g including seismic, pilots and core holes • Arrow (Shell/PetroChina) five core hole program • Red Sky
Slide 10: Shale Gas Potential
Shale Gas Potential For personal use only MBA 2010 Shale Gas Atlas • Multi client study across 16 basins • Shale gas defined as fine grained rocks where gas is stored by adsorption d i onto organic i rich i h components and d subject bj to temperatures above 150degC • Identified two formations in th
Slide 11: Drilling program this year
Drilling program this year For personal use only • PEL 467 in Surat Basin, northern NSW • PEL 457 and 479 in Clarence Moreton Basin, • One core hole in Cretaceous coals north east NSW • In October • Two core holes in Walloon coals • In October/early Nov period
Slide 12: Disclaimer
Disclaimer For personal use only The information presented herein contains predictions, estimates and other forward looking statements that are subject to risk factors that are associated with the oil and gas business. Certain information in this presentation has been derived from third parties and,