3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (August 2014)
10 slides from 3d Energi's shareholder meeting presentation, Aug 11, 2014
Slide 1: General Meeting: Hibiscus and Hi Rex Transaction
3D Oil Limited For personal use only General Meeting Hibiscus and Hi Rex Transaction At Baker & McKenzie William Street Melbourne 11 August 2014
Slide 2: Important Disclaimer
Important Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achie
Slide 3: The Transaction and 3D Oil's Strategy
The Transaction and 3D Oil’s Strategy • 3D Oil acknowledges the Transaction represents a change of direction from the focus on For personal use only West Seahorse • The Company’s prime objective is to deliver value to shareholders while minimising the issue of new equity at an undervalued price • Th
Slide 4: The Transaction – Context and Background
The Transaction – Context and Background For personal use only • While we have made significant progress on the development of West Seahorse in the last 18 months the challenging market conditions have made it impossible to achieve an appropriate financing solution for the project • At this stage it
Slide 5: The Transaction
The Transaction For personal use only • 3D Oil will be bought out of West Seahorse (production licence VIC/L31) for US$16 million. US$1.95 million of this will be used to pay off 3D Oil’s obligations to the joint venture, and it will have no further interest in the project. The Company will receive
Slide 6: West Seahorse Valuation
West Seahorse Valuation For personal use only • In 2013 the West Seahorse was valued at roughly A$100 mill for the entire field with 3D Oil’s equity at 49.9% • The A$50 mill implied value to 3D Oil assumed a financing scenario with the issue of significant equity resulting in effectively reducing th
Slide 7: Immediate Strategy: Sea Lion Prospect
Immediate Strategy The Sea Lion Prospect will be drilled in the first half of 2015 and 3D Oil will be fully funded For personal use only • Sea Lion has a best estimate prospective On trend with the oil discoveries in region resources of 11 mmbbl. Sea Lion • Sea Lion targets the Upper Latrobe group W
Slide 8: Immediate Strategy: T/49P
Immediate Strategy 3D Oil is the operator of T/49P with Beach as it’s JV partner For personal use only • Interpreted to contain all the geological elements required for sizeable accumulations of hydrocarbons A potentially significant Australian gas province o Adjacent Thylacine (1.5 TCF GIP) and Geo
Slide 9: Forward Strategy
Forward Strategy For personal use only • If the Transaction proceeds 3D Oil will be fully funded through the it’s committed work program • The Company will also have a strong cash position • The Company will continue to focus of Eastern Australia and take advantage of its strengths to identify and e
Slide 10: Contacts
Contacts For personal use only Noel Newell Managing Director 3D Oil Limited Level 5, 164 Flinders Lane Melbourne, Victoria 3000 Phone: +61 3 9650 9866 Fax: +61 3 9639 1960 Email: nnewell@3doil.com.au Page 10