3d Energi Limited · ASX:TDO
3d Energi — Investor Presentation (February 2024)
34 slides from 3d Energi's investor presentation, Feb 19, 2024
Slide 1: Investor Presentation: The Emerging Gas Supply Solution to East Coast Australia
For personal use only 3D – The Emerging Gas Supply Solution to East Coast Australia INVESTOR PRESENTATION Mr Noel Newell Executive Chairman 3D Energi Limited (ASX: TDO) THE EMERGING GAS SUPPLY SOLUTION TO EAST COAST AUSTRALIA 1
Slide 2: Disclaimer
3D – The Emerging Gas Supply Solution to East Coast Australia 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 va
Slide 3: 3D Energi - Investment Summary
3D – The Emerging Gas Supply Solution to East Coast Australia 3D ENERGI - 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
Slide 4: Corporate Overview
3D – The Emerging Gas Supply Solution to East Coast Australia CORPORATE OVERVIEW An experienced operator with a high-impact portfolio of offshore Australian exploration permits. For personal use only Shares on Issue Share Price Market Cap 265.4m 5.3¢ 14.06m WA-527-P (100%) 16 February 2024 Bedout Su
Slide 5: Timeline Towards Commercialisation
3D – The Emerging Gas Supply Solution to East Coast Australia TIMELINE TOWARDS COMMERCIALISATION The Joint Venture is rapidly progressing towards drilling in 2025. For personal use only Drill Planning 3D Seismic Evaluation Otway Portfolio 2 Exploration Wells +4 Exploration Wells Approvals, site surv
Slide 6: Otway FY23 Exploration Highlights
3D – The Emerging Gas Supply Solution to East Coast Australia OTWAY FY23 EXPLORATION HIGHLIGHTS The Joint Venture is rapidly progressing towards drilling in 2025. For personal use only Significant milestones have been achieved over the ’22-’23 course of FY23 as the Joint Venture progresses towards d
Slide 7: 3D Energi Is Climbing the Value Chain
3D – The Emerging Gas Supply Solution to East Coast Australia 3D ENERGI IS CLIMBING THE VALUE CHAIN 3D Energi 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 Deve
Slide 8: Victoria Is Rapidly Depleting Its Natural Gas Reserves
For personal use only 3D – The Emerging Gas Supply Solution to East Coast Australia 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 /
Slide 9: Victoria Forecast to Become a Net Importer of Gas from Winter 2027
3D – The Emerging Gas Supply Solution to East Coast Australia 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,
Slide 10: The Opportunity - East Coast Gas Demand Is Strong
3D – The Emerging Gas Supply Solution to East Coast Australia 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 i
Slide 11: 3D Energi Proximal to East Coast Gas Market / Infrastructure
3D – The Emerging Gas Supply Solution to East Coast Australia 3D ENERGI PROXIMAL TO EAST COAST GAS MARKET / INFRASTRUCTURE 3D Energi is a significant player in Australian offshore east coast gas exploration. For personal use only 57% Caroline Project TDO 43% Bass Strait Other exploration permits by
Slide 12: 3D Energi Has a Strong Portfolio of Gas Prospects
For personal use only 3D – The Emerging Gas Supply Solution to East Coast Australia 3D ENERGI HAS A STRONG PORTFOLIO OF GAS PROSPECTS 12
Slide 13: Significant Prospective Resources
3D – The Emerging Gas Supply Solution to East Coast Australia SIGNIFICANT PROSPECTIVE RESOURCES 12 Tcf gross prospective resource have been identified in 3D Energi exploration permits across Bass Strait. VIC/P791 VIC/P742 For personal use only 849 1.8 3D seismic 3D seismic Bcf Caroline Project Tcf B
Slide 14: 3D Energi Prospective Resources in Context
3D – The Emerging Gas Supply Solution to East Coast Australia 3D ENERGI PROSPECTIVE RESOURCES IN CONTEXT 12 Tcf gross prospective resource have been identified in 3D Energi exploration permits across Bass Strait. For personal use only 3D Energi net share Otway prospective resources 2180PJ 1 Based on
Slide 15: High Success Rate Drilling Seismic Amplitudes in the Otway Basin
3D – The Emerging Gas Supply Solution to East Coast Australia 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% ▪ Man
Slide 16: Right Location - Low Risk Drill Targets
3D – The Emerging Gas Supply Solution to East Coast Australia 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 B
Slide 17: Right Location - Seismic Amplitude Supported Prospect Inventory
3D – The Emerging Gas Supply Solution to East Coast Australia 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
Slide 18: La Bella MC3D Reprocessing Project
3D – The Emerging Gas Supply Solution to East Coast Australia LA BELLA MC3D REPROCESSING PROJECT For personal use only ✓ Extensive shallow channelling above key leads masks underlying seismic reflections at key traps. ▪ First clear and consistent image over Rosetta and Monarch leads. ▪ Supports pros
Slide 19: Monarch Prospect - Direct Hydrocarbon Indications
3D – The Emerging Gas Supply Solution to East Coast Australia MONARCH PROSPECT – DIRECT HYDROCARBON INDICATIONS ✓ Largest undrilled structure in the permit to date. For personal use only ▪ 316 Bcf1 prospective resource (best estimate). ▪ Increases prospective resource base of VIC/P79 to 849 Bcf (bes
Slide 20: Right Location - Proximal to Infrastructure
3D – The Emerging Gas Supply Solution to East Coast Australia 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 f
Slide 21: Partnered for Success: Joint Ventures with ConocoPhillips Australia
For personal use only 3D – The Emerging Gas Supply Solution to East Coast Australia PARTNERED FOR SUCCESS 3D ENERGI HAS ESTABLISHED JOINT VENTURES WITH CONOCOPHILLIPS AUSTRALIA IN THE OTWAY 21
Slide 22: Benefits of the JV with ConocoPhillips Australia
Our JV with ConocoPhillips Australia has many benefits for 3D Energi. 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, process
Slide 23: Otway Exploration Drilling Program
3D – The Emerging Gas Supply Solution to East Coast Australia OTWAY EXPLORATION DRILLING PROGRAM 2025 exploration drilling program largely funded by Joint Venture partner ConocoPhillips Australia1. For personal use only ENVIRONMENTAL PLANNING (EP) PHASE 1 PHASE 2 EP Submission Exploration Exploratio
Slide 24: Unlocking Hidden Prospectivity on the NW Shelf: Sauropod MC3D Seismic Survey
For personal use only 3D – The Emerging Gas Supply Solution to East Coast Australia UNLOCKING HIDDEN PROSPECTIVITY ON THE NW SHELF: SAUROPOD MC3D SEISMIC SURVEY 24 Ramform Titan, image courtesy of PGS
Slide 25: WA-527-P - Bedout Sub-Basin, Northwest Shelf
3D – The Emerging Gas Supply Solution to East Coast Australia WA-527-P – BEDOUT SUB-BASIN, NORTHWEST SHELF For personal use only 3D Energi has identified significant oil prospectivity Project equity Rowley across an area adjacent to Sub-Basin Dorado, the largest Australian oil discovery on the NW sh
Slide 26: Basin Activities - Development & Impending Exploration Bordering WA-527-P
3D – The Emerging Gas Supply Solution to East Coast Australia BASIN ACTIVITIES – DEVELOPMENT & IMPENDING EXPLORATION BORDERING WA-527-P For personal use only Planned exploration activities have the potential to upgrade WA-527-P. The Santos Joint Venture has identified a prospective drill target next
Slide 27: Sauropod MC3D Seismic Survey Planning
3D – The Emerging Gas Supply Solution to East Coast Australia SAUROPOD MC3D SEISMIC SURVEY PLANNING A A’ For personal use only Planning of the Sauropod 3D Dorado analogy seismic survey is advanced, and the Environmental Plan will allow for acquisition in 2024 or 2025. Canyon system at Dorado Field1
Slide 28: Forward Catalysts
3D – The Emerging Gas Supply Solution to East Coast Australia FORWARD CATALYSTS 3D Energi is progressing its work programs to realise value for shareholders. For personal use only 2023 2024 PROJECT MILESTONES Q3 Q4 Q1 Q2 3D seismic reprocessing VIC/P79 3D seismic interpretation Sequoia 3D processing
Slide 29: For personal use only
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)1 Lower risk near-field exploration Strong Joint Venture relationship with ConocoPhillips Australia ~A$1
Slide 30: Experienced Team in Delivering Oil & Gas Projects
3D – The Emerging Gas Supply Solution to East Coast Australia 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 E
Slide 31: Contact Us
For personal use only 3D – The Emerging Gas Supply Solution to East Coast Australia CONTACT US THE EMERGING GAS SUPPLY SOLUTION TO EAST COAST AUSTRALIA Noel Newell Executive Chairman info@3denergi.com.au +61 3 9650 9866 3D Energi Limited │ Melbourne, VIC 3000 │ 3denergi.com.au │ ASX: TDO │ ACN 31 10
Slide 32: Notes on Petroleum Resource Estimates
3D – The Emerging Gas Supply Solution to East Coast Australia 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 pers
Slide 33: Portfolio Summary - Gross Prospective Resources
3D – The Emerging Gas Supply Solution to East Coast Australia 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 Resources1 Flanagan 6.4 16.1 32.8 530 1340 2740 102.1 258.1 527.7
Slide 34: Portfolio Summary - Net Prospective Resources
3D – The Emerging Gas Supply Solution to East Coast Australia 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 Resources1 Flanagan 1.3 3.2 6.6 106 268 548 20.4 51.6 105.5 Seal Roc