Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Corporate Update (March 2020)
24 slides from Vintage Energy's corporate update, Mar 2, 2020
Slide 1: Company update
Company update On a pathway to fast-tracked production MARCH 2020
Slide 2: Key statistics
Key statistics Two discoveries and the addition of quality assets from initial IPO funds • Prospectus program delivered with disciplined capital management Key statistics – Two discoveries made Market Capitalisation2 $32.0 million – Three highly prospective acquisitions in addition to original portf
Slide 3: Share price catalysts
Share price catalysts Discoveries to be further appraised and fast-tracked toward production Cooper / Eromanga Basins Otway Basin Galilee Basin Perth Basin • Vali discovery stimulation and • Flow testing Nangwarry-1 to • Stimulation of Albany-1 ST1 • Drill Cervantes oil prospect flow testing gauge c
Slide 4: Quality balanced portfolio
Quality balanced portfolio Geographically diverse and commodity balanced portfolio already delivering success Galilee Basin “Deeps JV” Bonaparte Basin EP 126 • Albany Field a 61 km2 robust structure • Multiple oil and gas play types • Numerous prospects and leads in frontier region • Gas flow from A
Slide 5: Near term production
Near term production Vali gas and Nangwarry CO2 discoveries close to markets Southern Flank Deeps JV ATP 2021 • Gas flow from Albany-1 • Vali-1: Gas discovery • Albany-2 stimulated • Independently certified • Stimulation of Albany-1 2C contingent resource ST1 and flow testing of of 18.9 Bcf (net) we
Slide 6: Indicative timeline for remainder of 2020
Indicative timeline for remainder of 2020 Potential upcoming ‘company-making’ catalysts Q2 2020 Q3 2020 Q4 2020 Stimulate and Market gas, negotiate Cooper / Eromanga Convert Connect to flow test Vali -1 access infrastructure Basins – ATP 2021 2C to 2P infrastructure gas discovery agreements Stimulat
Slide 7: Exploration to cash generation life cycle
Exploration to cash generation life cycle Exploration risk mitigated through management capability and ability to define prospective underexplored areas 1. Permit acquisition – assess and acquire underexplored permits in hydrocarbon basins 1. Permit 2. Exploration drilling – identify targets through
Slide 8: Operations
Operations ~w VINTAGE ENERGY
Slide 9: Cooper / Eromanga Basins – Southern Flank (ATP 2021)
Cooper / Eromanga Basins – Southern Flank (ATP 2021) 2C Contingent Resource booking with potential to be in production within 12 months1 • High calibre operator delivering new gas field in under-explored Southern Flank – Vintage 50% and operator; Highly prospective 370 km2 permit, close to infrastru
Slide 10: Cooper / Eromanga Basins – Southern Flank (ATP 2021)
Cooper / Eromanga Basins – Southern Flank (ATP 2021) Likely next steps to stimulate and flow test Vali-1 ST1 and tie-in to gathering line to Moomba • Gas discovery with pay and shows at multiple levels Vali-1 ST1 • Patchawarra Formation the primary target and successful • Pay calculated and gas reco
Slide 11: Cooper / Eromanga Basins – Southern Flank (PRL 211)
Cooper / Eromanga Basins – Southern Flank (PRL 211) Odin is a drill ready prospect that straddles PRL 211 and ATP 2021 • PRL 211 is a 98.49 km2 retention licence, close to infrastructure • The Odin structure, fully covered by recent 3D seismic, has gas potential in the Patchawarra and Toolachee Form
Slide 12: Cooper / Eromanga Basins – Southern Flank (PRL 211)
Cooper / Eromanga Basins – Southern Flank (PRL 211) Odin structure is a Vali ‘look-a-like’ • Odin is a Permian four-way dip closure plunging to the north-east into the Nappamerri Trough – Prospective for gas in multiple sands – Up-dip of Strathmount-1 which intersected interpreted Permian gas pay •
Slide 13: Otway Basin – Central Penola Trough (PEL 155)
Otway Basin – Central Penola Trough (PEL 155) Nangwarry-1 CO2 discovery potentially capable of commercial production over 30+ years • Vintage 50%, Otway Energy Pty Ltd 50% and operator • Nangwarry-1 drilled during December 2019 / January 2020 • High-quality CO2 discovery with near term commercial pr
Slide 14: Otway Basin – Central Penola Trough
Otway Basin – Central Penola Trough “The Caroline 1 [CO2] well is the single most profitable well in South Australia”1 • Caroline-1 was discovered by Alliance Oil Development Australia in 1967 – Located southeast of Mt Gambier – Eventually owned by Air Liquide Australia Ltd • The well produced CO2 f
Slide 15: Galilee Basin – ATPs 743, 744, 1015 ("Deeps")
Galilee Basin – ATPs 743, 744, 1015 (“Deeps”) Stimulation to assess commerciality • Vintage 30%, Comet Ridge 70% (operator) • Underexplored and areally extensive permits of more than 9,000 km2 • Albany Field is a large robust anticlinal structure over 61 km2 • Defined by 1980’s 2D seismic grid (2.5
Slide 16: Perth Basin – Oil potential
Perth Basin – Oil potential Equity in Cervantes oil prospect and option to drill a second structure • L14, located within the Perth Basin, is a 39.8 km2 production licence granted over the Jingemia oilfield and surrounds Farm-in structure • Binding farm-in agreement executed for 30% of the Cervantes
Slide 17: Perth Basin – Oil potential
Perth Basin – Oil potential Adjacent to the 12 MMbbl oil in place Jingemia oil field (over 4.6 MMbbl produced to date) • Cervantes structure located in a gap between the oil discovery A A’ trend of the Hovea, Jingemia and Cliff Head oil fields – High-side fault trap of multiple reservoir units (simi
Slide 18: Other permits
Other permits Longer-term projects with potentially high rewards Bonaparte Basin, Northern Territory – EP 126 • Vintage 100% • Low cost entry into large 6,700 km2 permit • Gas flows from onshore Bonaparte wells – Onshore is an underexplored frontier region – Four petroleum exploration wells drilled
Slide 19: Explanatory notes
Explanatory notes _ VINTAGE ENERGY
Slide 20: 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
Slide 21: 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
Slide 22: Glossary
Glossary $ Australian dollars GJ Gigajoule (1 GJ is equivalent to 1,000 joules) 1C Contingent resource low estimate1 Km2 Square kilometres 2C Contingent resource medium estimate1 Km Kilometre 3C Contingent resource high estimate1 LNG Liquefied Natural Gas 2D Two dimensional MD Measured Depth 3D Thre
Slide 23: 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 predic
Slide 24: Contact information
Contact information For information info@vintageenergy.com.au www.vintageenergy.com.au