Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Lakes Oil N.L. — Shareholder Meeting (November 2007)
28 slides from Lakes Blue Energy Nl's shareholder meeting presentation, Nov 30, 2007
Slide 1: Lakes Oil N.L. 2007 AGM
Lakes Oil N.L. 2007 AGM For personal use only Latrobe Valley Baragwanath Anticline Balook Block 1
Slide 2: Our Permits
For personal use only Our Permits 2
Slide 3: Onshore Gippsland Permits
Onshore Gippsland Permits For personal use only 3
Slide 4: PEP drilling: Lakes' 2007 Drilling
PEP 166 For personal use only Lakes’ 2007 Drilling: Hazelwood-1 Results: Boola Boola -2 Results: Basal Strzelecki Group very shaley at both locations Organic rich source rock Lakes Oil : Increased interest to 75% in PEP 166 4
Slide 5: PEP drilling programme
PEP 158 For personal use only Drilling : 2 wells programmed Alberton 1 , Napier High 1 Targeting: Latrobe Group black sands and tight gas potential of Strzelecki Group Est. total depth : 1000 metres Timing: Drill Napier High 1 now and then re- enter Alberton 1 in January, 2008 Strategy:
Slide 6: PEP drilling
For personal use only PEP 158 drilling 6
Slide 7: Results from Alberton 1
Results from Alberton 1: Indications of heavily degraded oil For personal use only Iridescent rings on Core# 1 7
Slide 8: Alberton black sands
Alberton 1 black sands For personal use only Core #2: fresh core : unconsolidated, coarse grained black sands with biodegraded oil residue Core #1 : Electron microscope close-up of quartz grains and black, oily residue between the grains 8
Slide 9: Retention Lease (PRL 2)
Retention Lease 2 (PRL 2) For personal use only Most advanced in our portfolio 9
Slide 10: PRL 2008 Seismic Program
PRL 2 For personal use only 2008 Seismic Program Conduct detailed 3D Seismic Survey over the Wombat Field Area: 30 square km Est. start : early January 2008 Est. total cost: $1.6 million Processing and Interpretation: Q 2 of ‘08 10
Slide 11: Location Map: Wombat D Seismic Survey
Location Map For personal use only Wombat 3 D Seismic Survey 11
Slide 12: PRL 2008 Plan
PRL 2 2008 Plan For personal use only Develop Wombat Field to Commerciality Interpret 3 D Seismic in Q1 of ‘08 Drill Wombat 4 post-seismic in Q2 of ‘08 Conduct 3 D Seismic over Steele Prospect in Q2 12
Slide 13: Steele Prospect
For personal use only Steele Prospect 13
Slide 14: Retention Lease (PRL 2)
Retention Lease 2 (PRL 2) For personal use only Most advanced in our portfolio 14
Slide 15: For personal use only
For personal use only 15
Slide 16: For personal use only
For personal use only 16
Slide 17: Tight Gas at Wombat to Surface
Tight Gas at Wombat to Surface For personal use only 17
Slide 18: Strategic Partnership
Lakes Oil Strategic Partnership For personal use only Greenearth Energy Ltd - synergy and benefits associated with geothermal energy areas that overlap Lakes Oil’s petroleum permits 18
Slide 19: Greenearth Energy Ltd. Prospectus
/~, Greenearth ww” Energy Lid. PROSPECTUS
Slide 20: Geothermal Energy
Geothermal Energy Trifon 2 well, PRL 2 For personal use only Geothermal Energy Trifon 2 well, PRL 2 20
Slide 21: Greenearth and Lakes Oil permits map
Latrobe Valley Bairnsdale J —_ i, di ~ Geelong Henry PEP 164 x PEP 163 ge Anglesea ) =< nt PEP 158 GM Greenearth Energy Ltd Geothermal Exploration Permits (GEP) [J Lakes Oil NL Permits Petroleum Exploration Permits (PEP) & Petroleum Retention Leases (PRL) 50 100 == 5 High Voltage Transmission Lines
Slide 22: Crustal Thickness and Heat Flow
Crustal Thickness Heat Flow | Heat Flow Woy (mWm’) Depth to Base of Crust oS @ Greenearth Energy Ltd.
Slide 23: Geothermal targets cross-section
Kilometres Basement Potential150°C+ zone A Potential 200°C+ zone \ w+ Potential — x Conventional Thick insulating Hydrothermal cover rocks 3 Targets Q Oo oo ° Lo) Potential granite Hot Dry Rock Target wr @ Greenearth Energy Ltd.
Slide 24: Rosedale depth profile
Rosedale 9,081 0} (w) yidag @ Greenearth Energy Ltd.
Slide 25: For personal use only
‘9,081 9) (wu) yidag @ Greenearth Energy Ltd.
Slide 26: Conventional Hydrothermal and Hot Dry Rock Systems
Conventional Hydrothermal (“Wet”) System Hot Dry Rock (“Dry”) System Hot spring or steam y vent Heat Power Exchanger plant 444 A4dd Thick 444d Insulating a; cover Magmatic intrusion Cold meteroic fluids Hot fluids Mantle + crustal Impermeable rock heat flow (thermal conduction) oS @ Greenearth Energ
Slide 27: Mantle contribution and crustal heat generation
MANTLE CONTRIBUTION + CRUSTAL HEAT GENERATION (Sedimentary Basin - Otway Style) Conductivity vs Depth Temperature vs Depth Geothermal Gradient vs Depth po i234 5 6 99 2 4 6 8 0 4 | 2 2 £ & = z 3 e° g s 4 “4 4 4 4 4 6 Thermal Conductivity W/m/°C Temperature °C Geothermal Gradient °¢/100m Thickness He
Slide 28: For personal use only
For personal use only 28