3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Investor Presentation (August 2023)
30 slides from 3d Energi's investor presentation, Aug 3, 2023
Slide 1: Investor Presentation August 2023
For personal use only Junior explorer, world-class prospects INVESTOR PRESENTATION AUGUST 2023 Mr Noel Newell Executive Chairman 3D Oil Limited (ASX: TDO) 1
Slide 2: Disclaimer
Junior explorer, world-class prospects DISCLAIMER This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and For personal use only uncertainties which could cause actual values, results, performa
Slide 3: 3D Oil - Investment Summary
Junior explorer, world-class prospects 3D OIL - INVESTMENT SUMMARY World-Scale Prospects, Super-Major Joint Venturer, Two funded wells, Attractive Valuation and Pipeline of Catalysts Multi-TCF Gas Prospects identified1 For personal use only • Gross Prospective Gas Resource exceeding 12Tcf across 4 l
Slide 4: Company Overview
Junior explorer, world-class prospects COMPANY OVERVIEW A highly experienced operator with a large high-impact portfolio of offshore Australian exploration permits. Shares on Issue 265.4m For personal use only LEGEND Gas Storage Exploration Licence Offshore exploration permits Petroleum Exploration
Slide 5: Pathway Towards Commercialisation
Junior explorer, world-class prospects PATHWAY TOWARDS COMMERCIALISATION The Joint Venture is rapidly progressing towards drilling in 2025. 2023 2024 2025 2026 - 2028 For personal use only Final prospect inventory Sequoia 3D survey Sequoia 3D survey and selection of final La Bella 3D survey La Bella
Slide 6: 3D Oil Is Climbing the Value Chain
Junior explorer, world-class prospects 3D OIL IS CLIMBING THE VALUE CHAIN 3D Oil is progressing its work programs by attracting key joint venturers to realise value for shareholders. use only Traditional value lift pyramid for oil and gas companies Value realisation Development & production Increasi
Slide 7: Victoria Is Rapidly Depleting Its Natural Gas Reserves
For personal use only Junior explorer, world-class prospects VICTORIA IS RAPIDLY DEPLETING ITS NATURAL GAS RESERVES… Victoria’s demand for gas is higher than any other state Some applications of natural gas ✓ Electricity generation (supporting emissions reduction) ✓ Heating / Cooling (hospitals etc.
Slide 8: Victoria forecast to become a net importer of gas from winter 2027
Junior explorer, world-class prospects The projected shortfall for Victoria in 2027 cannot be supplied by other jurisdictions because there is a projected shortfall of For personal use only gas across all of Australia’s southern states in 2027. UNLESS NEW SUPPLY IS DEVELOPED, VICTORIA IS FORECAST TO
Slide 9: The Opportunity - East Coast Gas Demand Is Strong
Junior explorer, world-class prospects THE OPPORTUNITY – EAST COAST GAS DEMAND IS STRONG All evidence points to strong future demand for east coast gas. ▪ AEMO forecasts a supply gap of 100PJ from the mid-2030s even with a significant diversion from For personal use only LNG in the north. ▪ Coincide
Slide 10: 3D Oil Proximal to East Coast Gas Market / Infrastructure
Junior explorer, world-class prospects 3D OIL PROXIMAL TO EAST COAST GAS MARKET / INFRASTRUCTURE 3D Oil is a significant player in Australian offshore east coast gas exploration. For personal use only Caroline 57% Project TDO 43% Bass Strait Other exploration permits by area1 VIC/P79 VIC/P74 22% T/4
Slide 11: 3D Oil Has a Strong Portfolio of Gas Prospects
For personal use only Junior explorer, world-class prospects 3D OIL HAS A STRONG PORTFOLIO OF GAS PROSPECTS 11
Slide 12: Significant Prospective Resources
Junior explorer, world-class prospects SIGNIFICANT PROSPECTIVE RESOURCES 12 Tcf gross prospective resource have been identified in 3D Oil exploration permits across Bass Strait. VIC/P791 VIC/P742 For personal use only 533 1.8 3D seismic 3D seismic Bcf Caroline Project Tcf Best Estimate Best Estimate
Slide 13: 3D Oil Prospective Resources in Context
Junior explorer, world-class prospects 3D OIL PROSPECTIVE RESOURCES IN CONTEXT 12 Tcf gross prospective resource have been identified in 3D Oil exploration permits across Bass Strait. For personal use only Annual consumption of gas in Victoria – 2022 214.5 PJ2 Source: AEMO Victorian Gas Planning Rep
Slide 14: High Success Rate Drilling Seismic Amplitudes in the Otway Basin
Junior explorer, world-class prospects HIGH SUCCESS RATE DRILLING SEISMIC AMPLITUDES IN THE OTWAY BASIN Otway Basin has an outstanding success rate drilling amplitude supported prospects. For personal use only 88% success rate drilling amplitude supported prospects 10 6% ▪ Many early exploration fai
Slide 15: Right Location - Low Risk Drill Targets
Junior explorer, world-class prospects RIGHT LOCATION – LOW RISK DRILL TARGETS VIC/P79 permit map showing leads and prospects ✓ Proximal to La Bella gas For personal use only discovery. ▪ Strong amplitude support ✓ Low risk drill targets with direct hydrocarbon indicators La Bella ▪ Strong amplitude
Slide 16: Right Location - Seismic Amplitude Supported Prospect Inventory
Junior explorer, world-class prospects RIGHT LOCATION – SEISMIC AMPLITUDE SUPPORTED PROSPECT INVENTORY Cross section A-A’ through the La Bella Complex LA BELLA 1 VIC/P79 A’ VIC/P73 ✓ Proximal to La Bella gas A LA BELLA COMPLEX For personal use only discovery. Monarch ▪ Strong amplitude support Belfa
Slide 17: Right Location - Proximal to Infrastructure
Junior explorer, world-class prospects RIGHT LOCATION – PROXIMAL TO INFRASTRUCTURE ✓ High value drill targets are proximal to existing infrastructure For personal use only ✓ Otway Gas Plant ▪ Operated by Beach Energy ▪ Connects Thylacine/Geographe and Halladale/Speculant gas fields ▪ Daily capacity:
Slide 18: Partnered for Success
For personal use only Junior explorer, world-class prospects PARTNERED FOR SUCCESS 3D OIL HAS ESTABLISHED JOINT VENTURES WITH CONOCOPHILLIPS AUSTRALIA IN THE OTWAY 18
Slide 19: Deliverability - Strong East Coast JV Established
Junior explorer, world-class prospects DELIVERABILITY – STRONG EAST COAST JV ESTABLISHED 3D Oil has developed a strong Joint Venture with one of the world’s leading oil and gas exploration, development and production companies. For personal use only Who is ConocoPhillips (NYSE: COP)? ▪ One of the wo
Slide 20: JV with ConocoPhillips Australia benefits
Our JV with ConocoPhillips Australia has many benefits for 3D Oil. For personal use only Farmout deals: cash, seismic, wells Operational synergies between Otway permits Risk management World class operator Experience delivering commercial projects Access to world class expertise, systems, processes
Slide 21: Transocean Equinox Rig Has Been Contracted
For personal use only Junior explorer, world-class prospects TRANSOCEAN EQUINOX RIG HAS BEEN CONTRACTED OTWAY EXPLORATION DRILLING PROGRAM 21 Photo credit: Ola Moen (marinetraffic.com)
Slide 22: Otway Exploration Drilling Program
Junior explorer, world-class prospects OTWAY EXPLORATION DRILLING PROGRAM 2025 exploration drilling program largely funded by Joint Venture partner ConocoPhillips Australia1. For personal use only PHASE 1 PHASE 2 Exploration wells Exploration wells 2 ▪ Permitting for up to 6 exploration wells across
Slide 23: Forward Milestones
Junior explorer, world-class prospects FORWARD MILESTONES 3D Oil is progressing its work programs to realise value for shareholders. 2024 For personal use only 2023 PROJECT MILESTONES Q3 Q4 Q1 Q2 3D seismic reprocessing VIC/P79 3D seismic interpretation Sequoia 3D processing Complete T/49P Otway Seq
Slide 24: Northwest Shelf: WA-527-P - Bedout Sub-Basin
Junior explorer, world-class prospects NORTHWEST SHELF: WA-527-P – BEDOUT SUB-BASIN WA-527-P (100% 3D Oil) For personal use only ❑ 3D seismic commitment of 510km2 (primary term). ❑ Sauropod MC3D – planning for 2024/2025 acquisition. Rowley Sub-Basin ❑ Aims to define prospectivity in the western half
Slide 25: High quality exploration portfolio
High quality exploration portfolio For personal use only Proximal to undersupplied gas market Outstanding portfolio of potential drill targets with significant prospective resources (12 Tcf gross) Lower risk near-field exploration Strong Joint Venture relationship with ConocoPhillips Australia ~A$10
Slide 26: Experienced Team in Delivering Oil & Gas Projects
Junior explorer, world-class prospects EXPERIENCED TEAM IN DELIVERING OIL & GAS PROJECTS A diverse and highly experienced management team with a proven track record developing and operating significant oil and gas projects. For personal use only Mr Noel Newell Mr Ian Tchacos Executive Chairman Non-E
Slide 27: Notes on Petroleum Resource Estimates
Junior explorer, world-class prospects NOTES ON PETROLEUM RESOURCE ESTIMATES Prospective Resources Under the SPE PRMS 2018, Prospective Resources are “those quantities of petroleum that are estimated, as of a given date, to be potentially recoverable from undiscovered For personal use only accumulat
Slide 28: Portfolio Summary T/49P (20%) - Gross
Junior explorer, world-class prospects PORTFOLIO SUMMARY T/49P (20%) Otway Basin Oil & Condensate (MMbbls) Gas (Bcf) Barrels of Oil Equivalent (MMBOE) Low Best High Low Best High Low Best High Gross Prospective Resources (Recoverable) Flanagan 6.4 16.1 32.8 530 1340 2740 102.1 258.1 527.7 Seal Rocks
Slide 29: Portfolio Summary T/49P (20%) - Net
Junior explorer, world-class prospects PORTFOLIO SUMMARY T/49P (20%) Otway Basin Oil & Condensate (MMbbls) Gas (Bcf) Barrels of Oil Equivalent (MMBOE) Low Best High Low Best High Low Best High Net Prospective Resources (Recoverable) Flanagan 1.3 3.2 6.6 106 268 548 20.4 51.6 105.5 Seal Rocks 2.3 11.
Slide 30: Contact Us
For personal use only Junior explorer, world-class prospects CONTACT US Noel Newell Executive Chairman info@3doil.com.au +61 3 9650 9866 3D Oil Limited │ Melbourne, VIC 3000 3doil.com.au │ ASX: 30 TDO