Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Lakes Oil NL — Investor Presentation (December 2018)
13 slides from Lakes Blue Energy Nl's investor presentation, Dec 19, 2018
Slide 1: Lakes Oil NL Investor Presentation December 2018
For personal use only Lakes Oil NL Investor Presentation December 2018
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This Presentation has been prepared by Lakes Oil N.L ('Lakes Oil' or 'Company'). It does not constitute or form part of, and should not be considered to constitute or form part of, an offer for sale, or a solicitation of an offer to purchase or subscribe for, any secu
Slide 3: Company Overview
Company Overview Australia’s oldest operating petroleum For personal use only ASX Code LKO exploration company Shares on Issue 30,645,475,141 Recent takeover of Rawson Oil & Gas Limited, Market Cap. secured 89.82% interest $30m (at close 18 December 2018) Australia’s oldest Legal Appeal proceedings
Slide 4: Diversification Strategy Implemented
Diversification Strategy Implemented For personal use only Regulatory risks mitigated over last 12 months via diversification strategy 4
Slide 5: Diversified Portfolio
Diversified Portfolio For personal use only • Nangwarry Prospect, South Australia to be drilled second Quarter 2019 • Roma Shelf Project, Queensland Multiple prospects Wellesley-1 planning underway • Victorian prospects Wombat gas field Otway-1 well • Portland Energy Project, Victoria • Pa
Slide 6: Entitlement Offer
Entitlement Offer For personal use only • Non-renounceable 1 for 5 Entitlement Offer to existing Shareholders with a registered address in Australia, New Zealand or Papua New Guinea. • In addition to entitlement under the Offer, Shareholders may apply for Additional Shares under a Shortfall Facility
Slide 7: Offer Timetable
Offer Timetable For personal use only Event Date Announcement of Offer 19 December 2018 Lodgement of Documents with ASX 19 December 2018 Notice to Shareholders 21 December 2018 Share traded ex-entitlement 24 December 2018 Record Date for Entitlements 27 December 2018 Offer Document Dispatched 2 Janu
Slide 8: Use of Funds
Use of Funds For personal use only Budgeted Expenditure for Period ending 30 June 2019 Drill Nangwarry-1 Well, South Australia, second quarter 2019 $4.2m Testing of Nangwarry-1 Well $0.5m Appeal Victorian Legal Judgement, first half of 2019 $0.2m Capital Raising costs, Dec. 2018 to Feb 2019 $0.9m Wo
Slide 9: Nangwarry Prospect, South Australia
Nangwarry Prospect, South Australia For personal use only • 57 Bcf potential recoverable gas • Joint venture with Vintage Energy • Nangwarry-1 well: Drilling proposed for January 2019. Lakes Oil is Operator. 40% of well costs funded through $4.95m SA Government PACE grant. Adjacent to existi
Slide 10: Nangwarry Prospect Synergies
Nangwarry Prospect Synergies For personal use only Nangwarry-1 Well (approx. location) Portland Energy Project (proposed wells) Otway-1 Well (proposed) Astral-1 petroleum system, published by Geoscience Victoria, with areas of peak hydrocarbon generation shaded green. 10
Slide 11: Risks Inherent in Offer
Risks Inherent in Offer Following is a list of various risk factors in relation the Company. These risks are detailed in section 6 of the Offer For personal use only Document which has been released to ASX simultaneously with the release of this presentation. Section 6 of the Offer Document should b
Slide 12: Note
Note For personal use only The 57 Bcf is a best estimate unrisked of the recoverable gas resource of the Nangwarry prospect. See Rawson Oil and Gas Limited, Target’s Statement dated 13 September 2018, page 20. The estimate was determined using the probabilistic method with shrinkage applied to corre
Slide 13: Appendix
Appendix For personal use only Not for release or distribution in the United States of America This presentation may not be released or distributed in the United States. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States