Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Investor Presentation (August 2017)
19 slides from Synergia Energy's investor presentation, August 2017
Slide 1: Natural Gas in the World's Fastest Growing Economy
NATURAL GAS IN THE WORLD’S FASTEST AUGUST 2017 GROWING ECONOMY www.oilex.com.au twitter@oilexltd
Slide 2: Important Information
IMPORTANT INFORMATION Nature of the presentation This presentation has been prepared by Oilex Ltd (Oilex). It is current as at the date of this presentation. It contains information in a summary form and should be read in conjunction with Oilex’s other periodic and continuous disclosure announcement
Slide 3: Important Information
IMPORTANT INFORMATION Risks and forward looking statements An investment in Oilex shares is subject to known and unknown risks, many of which are beyond the control of Oilex. In considering an investment in Oilex shares, investors should have regard to (amongst other things) the risks outlined in th
Slide 4: Oil and Gas Focus in India
OIL AND GAS FOCUS IN INDIA 1) India fastest growing large country by GDP: World’s third largest petroleum consumer 2) Government recognises criticality of energy supply: Oil and gas a key contributor to MAKE IN INDIA 3) Government proactively promoting oil and gas opportunities and foreign investmen
Slide 5: Setting the Scene
SETTING THE SCENE Page 5
Slide 6: Oilex Background and Capital Structure
OILEX BACKGROUND Head office in Perth, Western Australia Project office in Gandhinagar, Gujarat, India Operating in India for approximately 10 years; nine wells drilled Gandhinagar One of very few foreign companies in the sector Cambay Indian Project Office Bhandut Dual listed ASX & AIM CAPITAL STRU
Slide 7: Company Profile: Board & Management
COMPANY PROFILE REVITALISED TEAM BOARD & MANAGEMENT Revitalised board and senior management in 2016 Brad Lingo Non-executive Chairman Over 30 years of oil and gas leadership roles, a recognised oil and gas Appointed UK domiciled NED in May 2017 industry leader. SMH/East Coles S&P/ASX 200 Energy Best
Slide 8: Why India
Page 8
Slide 9: Why India: Strong Energy Fundamentals
WHY INDIA STRONG ENERGY FUNDAMENTALS Indian energy consumption growth faster than all major economies BP Energy Outlook for India overtakes China as largest growth market for energy India to 2035 India remains import dependent with LNG doubling Demand for gas increase by 162% INDIA DOMESTIC NATURAL
Slide 10: Energy Outlook to 2035/2040 for India
ENERGY OUTLOOK TO 2035/2040 FOR INDIA India’s population to pass China in 2028 Per capita income increase by more than 3 times Projected 129% energy demand growth to 2035 (compare China 47%, Brazil 41%, Russia 2%) Share of global demand increase to 9% Gas demand increase by 162% (against renewables
Slide 11: Cambay Project
CAMBAY PROJECT Page 11
Slide 12: Oilex Main Project: Cambay Production Sharing Contract
OILEX MAIN PROJECT CAMBAY PRODUCTION SHARING CONTRACT 40,000 acres Close to national pipeline infrastructure In Gujarat State: one of India’s major industrial Cambay Project regions GujaratCambay State Tarapur Oilex – 45% Interest GSPC – 55% Interest Oilex is Operator India – Pipeline Map Cambay Bas
Slide 13: Cambay Project: Multi-TCF Tight Gas Play
CAMBAY PROJECT MULTI-TCF TIGHT GAS PLAY Gas in place confirmed in multiple horizons, producing since 1961 Main target is multi-TCF low permeability, wet gas zones Applying North American “shale” technology in India Secondary target in shallower oil and gas pools in areas unswept by historical produc
Slide 14: Resource Statement
RESOURCE STATEMENT PREPARED BY RISC* Total Contingent and Prospective In Place Resources Contingent Resource for EP-III / IV (X / Y Zone) – 100% Total resource Gas volume (bcf) Condensate Volume (million bbl) (gross) Gas in Place (bcf) Region P90 P50 P10 Mean 1C 2C 3C 1C 2C 3C Y Total 1716 2519 3503
Slide 15: Indian Affairs: Cambay & Bhandut Projects
INDIAN AFFAIRS CAMBAY & BHANDUT PROJECTS • Joint venture partner, GSPC, has not been paying bills part payment of historical cash calls re-commenced in June 2017. Further payments anticipated. • Potential for Oilex or a new party to buy out GSPC’s 55% interest through formal sale process. Oilex ho
Slide 16: EP-IV Core Analysis Fracture Modelling Examples
EP-IV CORE ANALYSIS FRACTURE MODELLING EXAMPLES CAMBAY CAN BE EFFECTIVELY STIMULATED Historical Vertical Well – fracture escaped vertically and mostly outside of reservoir target zone. • Schlumberger and Baker Hughes requested to: • advise on the optimal well and stimulation design for future develo
Slide 17: Path Forward
PATH FORWARD Page 17
Slide 18: Building Value in 2017/2018
BUILDING VALUE IN 2017/2018 LOW COST RISK MANAGED APPROACH • Lodge application for Cambay PSC extension • Potential sale of smaller asset (Bhandut) • Additional proceeds from outstanding cash calls • Outline plans for future field development addressing multi-TCF resource • Obtain extension of the C
Slide 19: An Oil and Gas Focused Company
An OIL and GAS Focused Company Large Gas Resource – Multi-TCF Accessing Booming Indian Energy Market ASX : OEX AIM: OEX www.oilex.com.au