Sunda Energy PLC · LSE:SNDA
Sunda Energy — Baron Oil — Investor Presentation (June 2022)
12 slides from Sunda Energy's investor presentation, June 2022
Slide 1: Corporate Presentation June 2022
Corporate Presentation June 2022
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Baron Oil Plc (the “Company”). The Company is a UK company quoted on AIM, a market operated by the London Stock Exchange plc. This Presentation has not been fully verified and is subject to material updating,
Slide 3: Introduction
Introduction • Baron corporate strategy • high potential impact projects • significant equity interests • low-cost entry into proven hydrocarbon provinces • Focus on Timor-Leste TL-SO-19-16 “Chuditch” PSC (75% interest) • Operator of Chuditch-1 gas discovery, offset analogous prospects & lead • 591M
Slide 4: Gas (LNG) as the critical ingredient in Asia's energy transition
Gas (LNG) as the critical ingredient in Asia’s energy transition • COP 26: highlights gas as the net zero transition fuel - phasing out of coal is priority Princip al LNG • Lack of pipelines, domestic production and current renewable flows in alternatives means LNG will remain the preferred means of
Slide 5: Timor Sea: a hub of commercial activity
Timor Sea: a hub of commercial activity • TIMOR GAP acquired 56.56% of Greater Sunrise from Shell & ConocoPhillips (US$650m 2019) − Woodside retains Operatorship 33.44%; Osaka Gas 10% • Santos acquired ConocoPhillips portfolio/infrastructure (US$1.3bn 2020) − Bayu-Undan • extending field life via 3
Slide 6: Chuditch Gas and Condensate Resources
Chuditch Gas and Condensate Resources Gross hydrocarbons attributable to licence Pmea P90 P90 P50 P50 P10 P10 Pmea Prospect / Lead n POSg gas cond gas cond gas cond n gas cond Chuditch-1 457 1.1 713 3.3 1,077 8.4 729 3.9 100% Chuditch West 163 0.5 405 3.1 987 12.4 483 4.8 51% Chuditch SW 193 0.6 482
Slide 7: Preliminary design for a Chuditch appraisal well
Preliminary design for a Chuditch appraisal well • Appraisal drilling anticipated 2023 • subject to final technical results • Preliminary well design study completed • Notional deviated trajectory • Shell drilled vertically to avoid fault, but missed potential updip gas zone • surface location near
Slide 8: Multiple potential export options for Chuditch gas
Multiple potential export options for Chuditch gas • Pipeline to LNG 1) Beaço LNG via Greater Sunrise 2) Darwin LNG via multiple pathways • Standalone solutions 3) Floating LNG 4) Fixed Platform LNG • CO2 disposal • Bayu-Undan CCS hub • CCS or EGR local to Chuditch Source: Baron Slide 8
Slide 9: UK Existing Venture – Licence P2478 Dunrobin prospect
UK Existing Venture – Licence P2478 Dunrobin prospect • Changing backdrop to UK exploration & production − updated Policy Paper: British Energy Security Strategy, 7 April 2022 − August 2021 farm up to 32% − via carry of remaining Phase A commitment, capped at £160,000 − acceleration and direct techn
Slide 10: Activity To End 2022
Activity To End 2022 Chuditch P2478 Other G&A ACTIVITY: CHUDITCH 1. Reprocessing and interpretation of 3D seismic 2. Development scenario and other studies 3. Continued farm-out campaign • participation in oil & gas conferences 4. Set-up for potential 2 well drilling campaign in 2023 ACTIVITY: P2478
Slide 11: Summary
Summary • 2022 setting up 2023 • potential for 2 wells at Chuditch • drill or drop decision at Dunrobin • Chuditch, Timor-Leste • gas discovery plus on trend prospectivity in shallow water • 591MMboe gross Pmean prospective resource* • key stage of evaluating seismic Source: Operator • multiple pote
Slide 12: Glossary
Glossary ANPM Autoridade Nacional do Petróleo e Minerais, the national petroleum and minerals authority of Timor-Leste bcpd Barrels of condensate per day Bscf or Bcf Billion standard cubic feet of natural gas CCS Carbon capture & storage Chuditch or Chuditch PSC Production Sharing Contract for offsh