Vintage Energy Ltd. · ASX:VEN

Vintage Energy — Taylor Collison 2019 East Coast Gas Day

20 slides from Vintage Energy's conference presentation, April 2019

  1. Slide 1: 2019 East Coast Gas Day

    Taylor Collison 2019 East Coast Gas Day

  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. This presentation contains certain statements which may constitute “forward- looking statements”. Such statements are only predict

  3. Slide 3: Vintage Energy overview

    Vintage Energy overview  Current energy crisis in Australia − Foundation for the formation of Vintage Energy  Successful IPO − Strong weighting of institutional investors (domestic and international)  Quality acreage position acquired expeditiously − Drill ready prospects with a clear pathway to

  4. Slide 4: Growth focused energy company

    Growth focused energy company East coast Gas focus Lean, Market energy with oil innovative accessibility market potential and agile Gas and energy Onshore basins with shortage on the east marketable gas Permits close to Small, quality team coast potential industrial, provides rigour commercial and r

  5. Slide 5: Achievements

    Achievements To date…. To come…. Galilee ✓ Albany-1 drilled and flowed gas • Two well drilling program to Basin at 230 Mscfd commence in May 2019 ✓ 2C contingent resource of 23 PJ • Fracture stimulation program (net) booked • Potential for two more wells ✓ Koburra 2D seismic completed Otway ✓ PACE G

  6. Slide 6: Assets

    Assets Galilee Basin Otway Basin Bonaparte Basin - 15% equity, moving to 30% PEL 155 - 100% equity - Albany-1 drilled, flowed gas - 50% equity - Proven petroleum system at 230 Mscfd - Nangwarry-1 to be drilled - Multiple play types - Koburra 2D completed - Net prospective resource of - Hydrocarbon s

  7. Slide 7: Galilee Basin – Market opportunities

    Galilee Basin – Market opportunities  Adjacent to proposed mines and coal seam gas projects Power to nearby mines  Accessible to Gladstone and hubs powering local industry and cities  Recent approaches regarding a Appraise in Industrial gas potential pipeline connections to quick time supply exis

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

    Galilee Basin – ATPs 743, 744, 1015 (“Deeps”)  Vintage 15% (earning up to 30%), Comet Ridge 85% and operator  Stage 2 underway – Vintage to fund 50% of $10 million program to earn additional 15% − Revert to equity interest post initial JV spend of $10 million  Koburra seismic program completed −

  9. Slide 9: Galilee Basin – potential four well campaign

    Galilee Basin – potential four well campaign  Ensign 932 rig estimated arrival early May − Slight delay due to localised rain − Fit for purpose rig with increased horsepower  Drilling pad build commenced  Targeting the large 61 km2 conventional Albany gas structure − Successful gas flow at Albany

  10. Slide 10: Otway Basin – PEL 155 and PEP 171

    Otway Basin – PEL 155 and PEP 171 PEL 155 (SA)  Vintage 50%, Otway Energy 50% (subsidiary of Rawson Oil & Gas1) and operator  $4.95 million SA Govt PACE Gas Grant  Nangwarry-1 rig negotiations ongoing − Adjacent to Haselgrove discovery  Site preparation commenced  Nangwarry-1 Prospective Resour

  11. Slide 11: Otway Basin – PEL 155

    Otway Basin – PEL 155  Ready to drill prospect at Nangwarry-1 − Well location covered by 3D seismic and within pine plantation − On trend with Otway Basin, Penola Trough fields Haselgrove Field − 3-way dip, fault sealed closure, high chance of gas charge − Analogous to Haselgrove-3/ST-1, Katnook, L

  12. Slide 12: Bonaparte Basin – EP 126

    Bonaparte Basin – EP 126  Vintage 100%  Low cost entry  Large 6,700 km2 permit  Gas flows from onshore Bonaparte wells − Onshore is an underexplored frontier region − Four petroleum exploration wells drilled in EP 126  Potential to supply gas locally to industrial users  Optionality in terms o

  13. Slide 13: Bonaparte Basin – EP 126

    Bonaparte Basin – EP 126  Multiple play types − Conventional carbonate and clastic reservoirs  Good hydrocarbon shows in Cullen-1 (2014) − Fractured carbonate gas play defined (Ningbing Limestone/Langfield Group) − Oil shows in shallower Weaber Group Gas flow Gas show Oil show 1Reference: Petroleu

  14. Slide 14: Strategy for sustainable growth

    Strategy for sustainable growth 1. 2. 3. 4. 5. Operational, Asset Corporate Balanced Portfolio commercial acquisitions opportunities portfolio optimisation focus and farm-ins 1. In-house operational and commercial expertise with a highly successful track record 2. Evaluation of multiple asset acquis

  15. Slide 15: Timeline – FY19

    Timeline – FY19 2018 2019 Q1 Q2 Q3 Q4 Albany-1 Airborne Albany-1 geophysical flow test survey Successful IPO Galilee 2D seismic Albany-2, Albany-1/ST1 Nangwarry-1 Completed JV approved Timing subject to rig contract An active and productive start; Galilee Basin drilling imminent with further leads a

  16. Slide 16: Sources and uses of funds - 2019

    Sources and uses of funds - 2019 2019 28.6 $ million Actual 2H FY19 1H FY20+ Estimate ++  Galilee Basin – Stage 2 − Vintage to fund 50% of first $10 million to earn a further 15% equity − Expenditure beyond $10 million pro rated at JV equity share (Vintage 30%, Comet Ridge 70%) − Estimated cost (ne

  17. Slide 17: Summary

    9. Summary  The time is right to take advantage of energy market dynamics  Quality acreage position acquired expeditiously − Drill ready prospects with a clear pathway to development if successful  Continue to acquire, explore and develop gas focused assets, with oil potential, principally within

  18. Slide 18: Explanatory notes

    Explanatory notes Prospective and Contingent Resources: With respect to Prospective Resource estimates contained in this report, estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumulations. These estimates

  19. Slide 19: Explanatory notes

    Explanatory notes The preparation of the assessment was supervised by Mr. Ian Cockerill, RISC Head of Geoscience. Mr. Cockerill has 20 years’ experience in the upstream hydrocarbon industry with Hunt Oil, Apache Energy and RISC. He is a member of the American Association of Petroleum Geologists, the

  20. Slide 20: For information

    For information info@vintageenergy.com.au www.vintageenergy.com.au 20

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