3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2010)
15 slides from 3d Energi's shareholder meeting presentation, Nov 30, 2010
Slide 1: 3D Oil Limited Annual General Meeting
3D Oil Limited For personal use only Annual General Meeting 30 November 2010 At Baker & McKenzie William Street Melbourne
Slide 2: Presentation Disclaimer
Presentation Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performan
Slide 3: Overview
Overview For personal use only 3D Oil is a small but highly focused oil and gas exploration and development company with an enviable reserve base and significant prospective resources within a proven and prolific fairway. ¾Sizeable increase in 2P and 3P reserves expected for West Seahorse from Indep
Slide 4: Corporate Status
Corporate Status For personal use only 3D Oil has significant short to medium term upside as it is poised to become a mid tier E&P company Management alignment - The 3D Oil management hold over 20% of issued shares ensuring an strong alignment with shareholder interest. Funding - The company has con
Slide 5: Peers Comparison
Peers Comparison Producers and developers For personal use only 0.25 2P Reserves (MMboe) 0.20 2P Reserves / Market Cap 3D Oil Increasing Value AED Oil Limited 0.15 Nido Petroleum Beach Energy 0.10 Carnarvon Petroleum AWE limited Drillsearch Roc Oil 0.05 Tap Oil Ltd - Market capitalisation relative t
Slide 6: Assets and Potential
Assets and Potential For personal use only Vic/P57 ¾ West Seahorse – Currently 5.3 MMbbl (2P reserves) with first oil 2012/13 ¾ Sea Lion – Ready to drill, 20 MMbbl prospective resource with deep gas target ¾ Felix – low risk, high impact oil prospect with 100 MMbbl potential ¾ Currently 9 prospects
Slide 7: West Seahorse resource
West Seahorse resource For personal use only The 2P and 3P reserves of West Seahorse are expected to increase following an extensive WSH-1 evaluation by Gaffney Cline and Associates. Wardie-1 The certification also provides a bankable document. Gurnard Fm Current Reserves – 1P 4.1 MMbbl 2P 5.3 MMbbl
Slide 8: West Seahorse development
West Seahorse development For personal use only 3D Oil is progressing with the FEED study 10 km Option F2 – –SS SS Tree with Pipeline to New Crude Stabilisation Plant (WorleyParsons) for subsea tie back to shore. Following extensive review the company believes this option the most o pe e Pi ifltin s
Slide 9: West Seahorse economics
West Seahorse economics For personal use only Net Present Value (NPV) A$ Value Waterfall (A$m) 250 The West Seahorse project has an 15 NPV of over A$140m based on; 200 72 2P reserves 150 US$80 WTI (Gippsland oil based on Tapis) One well development 100 97 Stand alone development First oil late 2012
Slide 10: Exploration Vic/P57, Victoria
Exploration Vic/P57, Victoria For personal use only Gas Field Oil Field Prospects & Leads Latrobe Group Golden Beach or Emperor Group SE Remora-1 Rosedale Fault System Vic/P57 is located on trend with a prolific sweet-spot, in the Gippsland Basin, which by virtue of historic reasons has been left vi
Slide 11: Felix Prospect
Felix Prospect For personal use only Felix is arguably the best oil prospect in Australia Sub volcanic depth Felix: Felix ¾ is a large inversion feature along the West Moonfish Moonfish Rosedale Fault System. ¾ has increasing closure with depth as it inverted on an older deeper fault. ¾ is located b
Slide 12: Sea Lion Prospect
Sea Lion Prospect Prospect, Vic/P57 For personal use only Sea Lion is the ‘next cab on the rank’ along trend from West Seahorse and Seahorse ¾ Prospective Resource best estimate of 20 MMbbl recoverable (Independent expert’s assessment). ¾ Interpreted to contain same reservoir units as West Seahorse
Slide 13: Exploration T41-P, Tasmania
Exploration T41-P, Tasmania For personal use only The Bass Basin slowly emerges as an exciting petroleum province. Trefoil/Rockhopper Yolla ¾ In the last year an oil discovery was made in the Rockhopper-1 well and Trefoil-2 successfully confirmed the southern extension of the Trefoil Gas Field. ¾ A
Slide 14: The Challenges and Initiatives
The Challenges and Initiatives For personal use only Funding solution for West Seahorse ¾ Ultimately a combination of partnering, and debt finance. The company is in advanced discussions with international companies and debt providers. Finalisation of certification by GCA will contribute significant
Slide 15: Focused strategy to deliver value and growth to shareholders
3D Oil Limited For personal use only Focused strategy to deliver value and growth to shareholders Annual General Meeting 30 November 2010