Maverick Minerals Australia Ltd · ASX:M96
Maverick Minerals Australia — Exoma Energy — Shale World Australia 2012
21 slides from Maverick Minerals Australia's conference presentation, Aug 1, 2012
Slide 1: Exoma Energy Presentation to Shale World Conference
1 August 2012 ASX Announcements Office Exoma Energy Presentation to Shale World Conference, 31 July 2012, Brisbane We attach for release a copy of Exoma Energy Limited’s Presentation to the Shale World Conference held in Brisbane on 31 July 2012. FURTHER INFORMATION Rob Crook Chief Executive Officer
Slide 2: Exoma Energy Limited - Shale World Australia 2012
ol sn ea JOSH WHITCOMBE XOMA ENERGY LIMITED SHALE WORLD AUSTRALIA 2012 q Brisbane 31% July 2012
Slide 3: Disclaimer
CX N@vcg rs ‘ ~%, Disclaimer This presentation may include forward looking statements that are subject to risk factors associated with the petroleum industry. It is believed that the expectations reflected in the statements contained within are reasonable, but they may be affected by a range of vari
Slide 4: Company Overview
COMPANY OVERVIEW Unconventional oil/gas and conventional oil focus » Very large, 46,000 sq km (11 million acre) tenement position in Galilee and Eromanga Basins, Queensland + Currently operating 27,000 sq km over 5 contiguous permits + Recently awarded 4 adjacent permits, covering a further 19,000 s
Slide 5: Exoma permit map, Galilee and Eromanga Basins
\ + Major Town \ } GasPipeline N Road go ; ] [EJ b:oma Energy permit ' Exoma Energy | PN. assorpaie| LO] pentpermie Ss b: Moranbah \, GALILEE BASIN / Fs Ghidstone EROMANGA BASIN Hervey Bay| } 200 400 aed kilometres
Slide 6: North American shale plays comparison map
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Slide 7: Participants
» Participants -Exoma (Operator): 50% interest; *CNOOC Gas & Power: 50% interest » CNOOC Gas & Power is a subsidiary of China National Offshore Oil Corporation - one of the Chinese state-owned energy companies and the major Chinese LNG importer. » CNOOC is earning its interest via a farmin and will
Slide 8: Geological Setting
GEOLOGICAL SETTING » Overlapping of Eromanga and Galilee Basins » Three geologically independent resource plays +Cretaceous Toolebuc Shale — oil and gas -Jurassic conventional oil +Permian coal measures - CSG » Very large acreage position gives Exoma access to a wide variety of geological environmen
Slide 9: Exoma Acreage - Structural Geology
; a EXOMA ACREAGE - _\ b Sette STRUCTURAL : me GEOLOGY seal mew Oerinw of predicted Shale Faby ConvensonstO# Prospect D semiensos ead a ee AL 4 arpnare e_ Dich ‘ GALILEE . BASIN = + block ’ if a ° 0 10 ? 7% ¢ i aGee EROMANGA BASIN ; . A ee aw a” ae TOOLEBUC SHALE = MANEROO PLATFORM (B Feriary [) cet
Slide 10: Shale Development
SHALE DEVELOPMENT EVALUATE POTENTIAL SHALE CHARACTERISATION SHALE EVALUATION SHALE EXPLOITATION Data Review to assess hydrocarbon potential Determine Shale properties Drilling and production tests Shale development EXOMA’S APPROACH » Scientific/Evidence-based approach to shale evaluation » Understan
Slide 11: Toolebuc Shale - Exoma's Pre-Drill Perspective
DRA.» TOOLEBUC SHALE - EXOMA’S PRE-DRILL PERSPECTIVE » Very large permit area, 20,000 sq km covering Toolebuc shale- wide range of geological settings » Mud logging analysis from wells drilled in 1970s and 1980s shows C.-C, hydrocarbons - evidence for thermal maturity » Anecdotal evidence of Toolebu
Slide 12: Typical Toolebuc Gas Response
TYPICAL TOOLEBUC GAS RESPONSE Gas includes C1, C2, C3, C4, C5 | Crossmore #2 Invetn miley Mit nee [Te Oreg kYe gots lor OST eygnasplty—sabley,fens— -¢ aleaie [1] msost, may, ace ton 4
Slide 13: Gather data and third party studies
CN a os Mind. KX » Gather data: + Full cores and cuttings across permits - Target deeper areas with higher thermogradients » Third Party Studies + Vitrinite reflectance studies + Paleoburial modelling - how deep/hot was the shale in the geological past? + Geochemistry — identify factors that enhance
Slide 14: 2011 Shale Exploration Results
PARA.» 2011 SHALE EXPLORATION RESULTS » 2011 Shale Program — broad area exploration «sets of shale chip samples from CSG wells © tom @ Core Well ie . @ Hotdnbickt * sew » Oil/bitumen samples extracted from all in Road three cores ATP opie ial | +Range: 0.2 litres/tonne to 8.3 litres/tonne swinrow »
Slide 15: Shale Results
SHALE RESULTS Toc: > 1,05 - 16.10 weight percent » Good to excellent generative potential » Thirteen of the sixteen analyzed samples between 884.1 and 924.2 meters exceed 4.0 weight percent indicating mostly excellent generative potential in the Bessies-1 core 20.00
Slide 16: Lithologies
LITHOLOGIES siltstone and sandstone coquina organic rich shale carbonaceous shale and siltstone Woerer c XPS OKA Allaru Mudstone? Wallumbilla Fm?
Slide 17: 2011 Conclusions
— SSN 2011 CONCLUSIONS » US specialist laboratories report that the Toolebuc Shale has excellent technical potential as a shale oil/gas system » Empirical evidence shows the Toolebuc is thermally mature for conversion of kerogen to hydrocarbons »A potentially vast oil and gas system is in place. Bas
Slide 18: 2012 Shale Exploration
2012 SHALE EXPLORATION @loro-2 — @ Novos to » 2012 Shale Program ATP 991P ATP fnesbit over +Obtain cuttings from northern CSG wells @Wardoo-1 —-@Ciilicden-1 @Hellowback-2 ; Stl jae -Obtain further cores from southern permits stolot * Winton @Alma-2 daimoa » Use results to refine models and identify
Slide 19: Objectives
» Build on the 2011 and 2012 data and technical knowledge: «Locate production ‘sweet spots’ «Well and completion design -Production testing -Reserves build OBJECTIVES » Leverage results to optimise and accelerate exploration in new permits » Systematically accumulate data to convert billions of BOE
Slide 20: Toolebuc Formation top depth map
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Slide 21: Exoma Energy
€xOma ENERGY