Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Emerald Oil & Gas NL — Shareholder Meeting (November 2008)
21 slides from Emerald Resources Nl's shareholder meeting presentation, Nov 28, 2008
Slide 1: Emerging Appalachian Basin Gas Producer
For personal use only Emerald Oil & Gas NL Emerging Appalachian Basin Gas Producer November 2008
Slide 2: Company Overview
Company Overview For personal use only • Perth based company, listed on ASX in June 2006 • Gas Development p Project j in Appalachian pp Basin,, USA • Exploration Assets in Australia & USA • 115.48m shares on issue • 6 48m unlisted options ($0 6.48m ($0.25/$0.30; 25/$0 30; Dec 08/09) • $5.0 million
Slide 3: The New Emerald Oil & Gas
For personal use only The New Emerald Oil & Gas • Strategy - • I l Implementation i - • Development of production and reserve / resource base via multi well Appalachian basin drilling programme in 2008/09 • Proven undeveloped Reserve status (PUD) for undrilled locations (shallow and deep) surroundin
Slide 4: Appalachian Basin, USA
For personal use only Appalachian Basin Basin, USA Westt Virginia W Vi i i Acreage • Oldest producing basin in U.S. • Long-life gas reserves • Huge potential • Renewed Interest • Increased infill and deeper drilling and horizontal wells • New fracing technologies Kentucky Acreage
Slide 5: P&J Resources – who are they?
For personal use only P&J Resources – who are they? • Agreement: • Access to 45,000 acres in Eastern Kentucky, 45,000 acres in western West Virginia under 10 year agreement (AMI) • Continuous drilling to earn 80% working interest • Turnkey well pricing • Each unit earned includes 4,000 foot radius s
Slide 6: EMR Infrastructure (P&J)
For personal use only EMR Infrastructure (P&J) • 2 new amine plants i installed ll d (K (Ky. and dWW.V.) V) • 4 compressors • 2 new pipelines • Completion Q4 08 • No cost to Emerald • Transmission costs $1 00/M f $1.00/Mcf • Links to major lines operated by El Paso, Colombia Jefferson, Colombia, Jef
Slide 7: Appalachian Pipeline Infrastructure
For personal use only Appalachian Pipeline Infrastructure f • Interstate Pipeline options • Amine plants installed - Kentucky - W. Virginia • Pricing reference to Appalachian price W. Virginia DTI (Premium to H.Hub) Kentucky Acreage • Gathering lines complete Acreage - Expandable p capacity p y - Fi
Slide 8: Drilling program & Funding
Drilling program & Funding For personal use only • P&J p providingg 2 rigs g for continuous drilling gpprogram g • 6 wells ready (KY), 2 wells (WV) • Emerald to commit to multi well program • Emerald to drill mix of – Shallow – Deep vertical – Deep horizontal – Shale (vertical & horizontal) – Re-wor
Slide 9: Drilling Program
Drilling Program For personal use only Project Emerald Emerald Timing I t Interest t attributable tt ib t bl potential resource (unrisked) * Appalachian Development – 80% Approx 0.4 Bcf per 8 wells completed & hooked up continuous drilling upon well Commence multi - well program funding upon funding
Slide 10: Conclusion
For personal use only Conclusion To develop cashflow and reserves / resources in producing on-shore US Appalachian basin and establish positions in low risk onshore exploration assets in WA and the US • High potential gas development play • Developing cashflow + resource/reserve base • j Project lev
Slide 11: 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: B bB Bob Berven - Executive E ti DiDirector, t T Technical h i l bberven@emeraldoilandgas.com John Hannaford - E
Slide 12: Thank you / Disclaimer
For personal use only Thank you Disclaimer This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. industry It is believed that the expectation reflected in the statements are reasonable but they may be affected by a variety of
Slide 13: Appendix - Existing ongoing development projects
For personal use only Appendix - Existing ongoing development projects: • Greenbush Project – North Dakota • NW Alice Project - South Texas • Stokes Bay y Prospect p – EP 104 • Canning Basin - EPA 4/05-6
Slide 14: Greenbush Project North Dakota
Greenbush Project North Dakota For personal use only Location: Ward & Renville Counties North Dakota Objectives: Bakken Shale (fractured) at 6000 feet Well depth: Horizontal @ 6000 feet Emerald interest: 3.75% (APO) ( ) Royalties: 20.00% (approx +9,000 acres under lease) Hydrocarbon Potential: Bakke
Slide 15: NW Alice Project, South Texas
NW Alice Project Project, South Texas For personal use only • Jim Wells County, South Texas • Objectives: j Yegua g Sands • Emerald interest: 10% WI in project • Royalties: 23% NRI: 77% • Reserve potential: - 100 Bcf gas, 2.5 million bbls condensate • Operator: Noble Energy • Fi t wellll drilled Fir
Slide 16: NW Alice Project area
For personal use only NW Alice Project area showing location of RJ Hunter #1 well offsetting the D lt G lf 1954 well. Delta-Gulf ll Large L anticline structure under lease with potential for several well locations following 3D seismic interpretation. RJ Hunter #1 well location Delta-Gulf Delta Gulf
Slide 17: EP104 - Stokes Bay Prospect
EP104 - Stokes Bay Prospect For personal use only • Location: EP104, Canning Basin, WA • Objectives: j All sands within Anderson formation / Nullara Carbonates • Emerald interest: 12.75% WI Royalties: 10% Government • Hydrocarbon potential: Top Deltaic member: 4.3 Mmbo Unit ‘A' Sand: 33.5 Bcf gas Un
Slide 18: Canning Basin - EPA 4/05-6
For personal use only Canning Basin - EPA 4/05-6 • Location: EPA 4/05 4/05-6, 6 Canning Basin Basin, WA • Objectives: All sands within Anderson formation / Nullara Carbonates • E Emeraldld iinterest: t t 100% • Royalties: 10% Government, 2% other • Hydrocarbon potential (Eve Rose Prospect): Top Delt
Slide 19: Canning Basin - Offshore
For personal use only C Canning i Basin B i - Offshore Off h EP6/07-8 IT 07-8 (Lacapede Islands) • Objectives: All sands within Anderson formation and Nullara Reefal Carbonates • Emerald interest: 100% • Royalties: 10% Government, Government 2% other Application 135L/07-8 (offshore) • Objectives: Al
Slide 20: Canning Basin – Onshore and Offshore
For personal use only C Canning i Basin B i – Onshore O h and d Offshore Off h Emeralds current tenement holdings in the Canning Basin are: Exploration E l ti Permit P it / Retention R t ti Emerald E ld Net N t Permit P it Size Si Licence / Applications Working Interest (approx sq km) EP 104 (R5) 12
Slide 21: Canning Basin acreage
Canning Basin acreage For personal use only
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