Geo Exploration Limited · LSE:GEO
Geo Exploration — Global Petroleum — Africa Oil Week 2022
21 slides from Geo Exploration's conference presentation, Oct 6, 2022
Slide 1: Africa Independents Forum – Global Petroleum Limited
AFRICA INDEPENDENTS FORUM GLOBAL PETROLEUM LIMITED
Slide 2: Global Petroleum – a snapshot
SESSION Global HEADLINE – a snapshot Petroleum • Global Petroleum Limited is an Australian- registered public company quoted on the AIM market of the London Stock Exchange • The management team is based in London • 4 successful capital raises totalling £4.2 million (c.US$5.5 million) in last 2 years
Slide 3: Oil and Gas in Namibia
SESSION Oil HEADLINE and Gas in Namibia • Stable jurisdiction, excellent fiscal terms • Offshore there are significant players: Shell, TotalEnergies, ExxonMobil, GALP, Maurel & Prom • To the north of Global’s licence, ExxonMobil has a large licence position, similar in area to its Starbroek block in
Slide 4: Venus Discovery
SESSION Venus HEADLINE Discovery • Multi-billion barrel discovery, being appraised in Q4 2022 • Sourced from the Aptian- Barremian Kudu Shale • Amplitude and AVO conformance to structure • Has dip closure to south-east towards sand entry point • In Global’s licence, the Marula prospect similarly has
Slide 5: Graff Discovery
SESSION Graff HEADLINE Discovery Santonian secondary target discovery? • Graff (+ La Rona): c.1 billion BBOE light oil in Up-dip seal against two Upper Cretaceous frontal toe-thrust? deep water sandstones • 3 more wells late 2022 • Truncated to SE against frontal thrust and stratigraphically trapped
Slide 6: Global in Namibia
SESSION Global HEADLINE in Namibia Petroleum • Global’s licence PEL94, 5798 sq. km, 78% and operator • Commitment is to acquire 2,000 sq. km of 3D seismic data • Previously held adjacent PEL29 licence for 10 years from 2010 • Main prospects are Welwitschia Deep and Marula with 881 and 218 MMbbl gros
Slide 7: PEL94: Prospects and Leads
SESSIONProspects PEL94: HEADLINEand Leads • Large portfolio: over 3 billion barrels Gross Mean Prospective Resources (within PEL94) across 9 prospects & leads 7
Slide 8: Kudu Shale Source Rock
SESSION Kudu HEADLINE Shale Source Rock Not deposited • World-class source rock that has (Albian-Aptian carbonates on charged multi-billion barrel traps at volcanics) at Venus and Graff in the Orange Basin 1911/10-1, 1911/15-1 & • Source rock present, excellent quality DSDP 363 and generating oil in
Slide 9: Kudu Shale Source Rock
SESSION Kudu HEADLINE Shale Source Rock 1911/10-1 & 1911/15-1: no source rocks in Lower Cretaceous (Albian Dolphin Basin Moderate chance of effective Kudu Shale source rock presence • Inverted, de-tuned carbonates on Barremian volcanics) PEL94 Good chance of effective Kudu and blocked Shale source r
Slide 10: Maturity and Expulsion
SESSION HEADLINE Maturity and Expulsion Transformation Ratio Present Day (0 Ma) • On the left is the source rock maturity map (Transformation Ratio) for the Kudu Shale: the eastern half of PEL94 is mature • On the right is the oil expulsion map since 33 Ma (Eocene) for the most likely of the petrole
Slide 11: Migration & Oil Seeps
SESSION HEADLINE Migration & Oil Seeps • The inset (centre) shows interpreted oil seeps (green) around the Marula prospect (orange) • Some seeps are spatially associated with seabed cores in which gas has been sampled and which themselves are above shallow seismic (gas) anomalies and a major fault z
Slide 12: Reservoirs
SESSION HEADLINE Reservoirs • Upper Cretaceous and Lower Paleocene deep water sandstones (Marula prospect and other leads) • Albian shallow water, oolitic carbonates (Welwitschia Deep prospect) 12
Slide 13: Welwitschia Deep prospect
SESSION HEADLINE Welwitschia Deep prospect • Very large tilted fault block • Albian carbonate reservoir analogous to production in Angola, Congo and Brazil • Regional migration focus: petroleum systems model predicts >11 billion barrels migrates to the structure • Gross Prospective Resources on PEL9
Slide 14: Marula prospect
Marula SESSIONprospect HEADLINE • Upper Cretaceous deep water sandstone reservoir • Dip-closed towards sand input direction, pinchout distally (proven by Welwitschia-1A well) • Migration via fault to reservoir and up-dip into trap: amplitude and AVO anomalies conform to structure • Gross Prospective
Slide 15: Eastern Leads & New 3D
SESSIONLeads Eastern HEADLINE & New 3D • Existing 3D seismic data over Welwitschia Deep and Marula prospects • >2 billion bbls prospective resources in the leads in the eastern PEL94 • Planning best options for new 3D seismic data coverage over these • Global has sponsored Searcher Seismic’s 3D offs
Slide 16: PEL94 Licence & Work Programme
SESSION PEL94 HEADLINE Licence & Work Programme • Global Petroleum 78% and operator • NAMCOR 17% (state oil company) • Aloe 5% (local partner) 16
Slide 17: Fiscal Regime and Economics
SESSION Fiscal HEADLINE Regime and Economics • Namibian fiscal terms are highly competitive on a global scale and the key terms are summarised below: • Carry is repayable through production • Economics for both the Marula and Welwitschia Deep prospects are robust 17
Slide 18: Exciting Opportunity in a New Oil Province
Exciting SESSIONOpportunity HEADLINE in a New Oil Province • Venus & Graff: a new Kudu Shale source rock petroleum province proven, extending to PEL 94 • >3 BBO Gross Mean Prospective Resources in 9 prospects & leads • Drill-ready, 3D prospects: Welwitschia Deep (881 MMbbl Gross Mean); Marula (218 M
Slide 19: For more information please contact
For more information please contact Paul Howlett Peter Elliott Exploration Manager Director Global Petroleum Limited PVE Consulting Limited paul@glo-pet.com Peter.elliott@pveconsulting.co.uk +44 (0)7876 058857 +44 (0)7971 073198
Slide 20: See you there at Africa Oil Week
SEE YOU THERE AOW” Y AFRICA OIL WEEK f OIL WEEK 3-7 OCTOBER 2022 | CTICC2, CAPE TOW a Hyve event
Slide 21: Africa Oil Week
AFRICA OIL WEI a Hyve event