Vintage Energy Ltd. · ASX:VEN

Vintage Energy — RIU Good Oil Conference 2018

17 slides from Vintage Energy's conference presentation, Sep 13, 2018

  1. Slide 1: Vintage Energy Ltd RIU Good Oil Conference

    Vintage Energy Ltd RIU Good Oil Conference September 2018 Mike Dodd| Executive - Operations For Information info@vintageenergy.com.au www.vintageenergy.com.au

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Vintage Energy Limited (Vintage or the “Company”), with the purpose of providing general information about the Company. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company, or as an inducem

  3. Slide 3: Contents

    Contents  Overview of Vintage  Investment Highlights and Thematic  Assets − Koburra Trough, Galilee Basin − Penola Trough, Otway Basin − PEL 155 − PEP 171 − EP 126, Bonaparte Basin  Work Program  Summary/Forward Plan  Glossary 3

  4. Slide 4: Overview of Vintage Energy Ltd

    Overview of Vintage Energy Ltd  Vision “to become a unique, dynamic, financially strong, growth-focussed energy company, respected by the industry, shareholders, employees and public”  Proven and well respected board and technical teams (Reg Nelson as Chairman)  Assets − East Coast gas focused −

  5. Slide 5: Investment Highlights

    Investment Highlights ✓ Completed $30million IPO at 20cents/share ✓ Listing on 17 September 2018, subject to ASX confirmation ✓ Proven Board and Management ✓ High Impact Exploration and Appraisal Program ✓ Assets with leverage to East Coast gas market dynamics ✓ Near term appraisal of Galilee Basin

  6. Slide 6: Investment Thematic

    Investment Thematic  Supply Crisis in East Coast Gas Market − Ramp-up of gas supply to export LNG markets − Adverse state government policies on exploration  Fraccing and exploration moratoria − Accelerated decline in traditional gas sources  Underinvestment during downturn − Crisis in Victorian

  7. Slide 7: Galilee Basin: ATPs 743, 744, 1015 ("Deeps")

    Galilee Basin: ATPs 743, 744, 1015 (“Deeps”)  Large (>9,000km2), cattle grazing area, central western QLD  Comet Ridge 100% and Operator  Earning 30% with potential to increase to 48.5% Koburra Trough  Working petroleum system with 3 historic wells  Gas recovered from all 4 wells, oil recovery

  8. Slide 8: Galilee Basin: ATPs 743, 744, 1015 ("Deeps")

    Galilee Basin: ATPs 743, 744, 1015 (“Deeps”) Albany (Carmichael) Structure  Large 61 km2 conventional gas discovery in robust anticline  Defined by 1980’s 2D seismic grid (2.5 x 2.5km)  Contingent Resource booked: 2C = 142 Bcf, 3C = 386 Bcf  Wasn’t pursued in low gas price environment  Albany-1

  9. Slide 9: Albany-1: Proof of Concept

    Albany-1: Proof of Concept Albany-1 Key Results  Stabilised gas flow of 230,000 scfd from top of ‘B’ sand  Flared for 23 hours with no decline or water production observed  13 metre interval of ‘B’ sand represents approximately 10% of targeted sandstone interval  Pre-Drill Objectives met: − Impr

  10. Slide 10: Penola Trough, Otway Basin

    Penola Trough, Otway Basin  Exploration began 1866  Modern day exploration began in 1961 − Katnook Gas Plant commissioned in 1991 − Approximately 70 PJ of sales gas has been produced − Depleted fields shut-in, plant mothballed (Beach awarded $6million Federal Govt Grant to upgrade)  Commercially

  11. Slide 11: PEL 155 - Otway Basin

    PEL 155 - Otway Basin  Vintage 50%, Otway Energy 50% (Subsidiary of Rawson Oil & Gas+)  Ready to drill prospect at Nangwarry-1 − Drilling planned for late 2018 − Well location covered by 3D seismic and within pine plantation Haselgrove Field − On trend with Otway Basin, Penola Trough fields − 3-wa

  12. Slide 12: PEP 171 - Onshore Otway Basin

    PEP 171 - Onshore Otway Basin  Initial equity Vintage 25%, Somerton Energy 75% − Cover all permit costs and studies during moratorium (Minimum $450k) − Binding HoA with Somerton (wholly owned subsidiary of Cooper Energy) − Counter-cyclical opportunity for low cost entry  Right to earn additional 2

  13. Slide 13: EP126 - Bonaparte Basin

    EP126 - Bonaparte Basin  Low cost entry at 100% equity − SPA with Beach Energy − Large 6,700km2 permit − Higher risk/higher reward exploration asset  Proven Petroleum System − Onshore Bonaparte wells have flowed gas  Onshore is underexplored frontier region − 4 petroleum exploration wells in EP 1

  14. Slide 14: Work program / timing (FY18-20)

    Work program / timing (FY18-20) ▪ Albany appraisal drilling, stimulation and flow testing Galilee Basin ▪ Regional and prospect 2D and 3D seismic ▪ Lead and prospect delineation plus 1 exploration well ▪ Nangwarry-1 drill and flow test Otway Basin - PEL 155 ▪ Further exploration well ▪ Geoscience st

  15. Slide 15: Summary / Forward Plan

    Summary / Forward Plan  Creating shareholder value a clear priority − Current assets − Future acquisitions/farm-ins − Portfolio optimisation − Corporate opportunities  Exciting near and long term growth potential − Good asset mix − Diverse, highly skilled, experienced and proven team  Drill ready

  16. Slide 16: Glossary

    AUD or $ Glossary Australian dollars 1C Contingent resource low estimate(1) 2C Contingent resource best estimate(1) 3C Contingent resource high estimate(1) 2D Two dimensional 3D Three dimensional 1P Proved reserve estimate(1) 2P Proved and probable reserve estimate(1) (1) Refer to “Guidelines for Ap

  17. Slide 17: Vintage Energy Ltd RIU Good Oil Conference

    Vintage Energy Ltd RIU Good Oil Conference September 2018 For Information info@vintageenergy.com.au www.vintageenergy.com.au Drilling and seismic photos courtesy of Ensign Drilling and Terrex Seismic 17

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