3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Investor Presentation (August 2007)
22 slides from 3d Energi's investor presentation, Aug 24, 2007
Slide 1: 3D Oil Investor Update August 2007
For personal use only 3D Oil Investor Update August 2007 Noel Newell
Slide 2: Presentation disclaimer
Presentation disclaimer For personal use only Important notice This presentation contains certain statements which may constitute constitute "forward- "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual value
Slide 3: Agenda
Agenda For personal use only Corporate Summary West Seahorse Exploration
Slide 4: Corporate Summary
Corporate Summary 3D Oil was formed in 2003 and listed For personal use only on the ASX 22 May 2007 Current 3D Oil 193.1 shares on issue of which 110 are shareholding partly paid issued to 25c at IPO Retail Foundation Final call of 15c on 6 December 2007 28% (2 year escrow) Institutions 42% Market c
Slide 5: Corporate Summary: Strategy
Corporate Summary For personal use only Strategy Early acquisition of quality assets in areas of competitive advantage Early production from expected increasing reserve and resource base Mitigate risk via farmout when appropriate Use of state of the art technology and world class practitioners Devel
Slide 6: Corporate Summary: Assets
Corporate Summary 3D Oil For personal use only Assets Vic/P57 T41- T41-P 100% 100% West Seahorse 10.3 MMstb 5 Leads identified VIC/P57 (reserves+contingent) with in under explored development strategy eastern Bass Basin Production anticipated in Dalrymple Lead has T41-P early 2010 significant seismi
Slide 7: Corporate Summary: Board and Management
Corporate Summary For personal use only Board Management Ian Gorman – Non- Non-Exec Chairman Noel Newell – Managing Director 25 years international oil and gas 25 years international experience experience with BHP and Shell primarily with BHP and Fina Currently Global Leader CBM with BHP Technical a
Slide 8: Corporate Summary: Current Team
Corporate Summary For personal use only Current Team “……..world “……..world class practitioners” practitioners” Ian Ward - Interpreter 30 years international oil and gas experience mainly with BHP Five years as a consultant specialising in depth conversion Rodney Halyburton - Geoscientist 34 years wi
Slide 9: West Seahorse
For personal use only Corporate Summary West Seahorse Exploration
Slide 10: West Seahorse is close to shore and Esso facilities
West Seahorse For personal use only West Seahorse is both close to shore and Esso facilities
Slide 11: West Seahorse Activity Schedule
West Seahorse For personal use only Activity Schedule 2007 2008 2009 2010 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Preliminary onshore evaluation Desktop engineering study Drill West Seahorse-3 Drill Sea Lion-1 Post well subsurface study FEED for Development Reserves certification Field devel
Slide 12: West Seahorse Current Activities
West Seahorse For personal use only SH-1 Current activities SH-2 WSH-1 Technical WSH-3 Proposed Top Latrobe WSH-2 TWT • Detailed extended field mapping • Comprehensive depth conversion • Subsurface evaluation Engineering Core Area • High level onshore evaluation of potential sites and approval issue
Slide 13: West Seahorse Current volumes
West Seahorse For personal use only Current volumes West Seahorse Oil Field Reserves 1P 2P 3P N1 Reservoir 2.9 5.8 9.2 Contingent Resources P90 P50 P10 N2.3, N2.6, P1 Reservoir 2.8 4.5 6.6 Total West Seahorse 5.7 10.3 15.8
Slide 14: West Seahorse development concept
West Seahorse Development and drilling options are currently under review For personal use only Development concept – currently estimated at 6000 bopd • Unmanned well- well-head platform • Multiphase and gas lift lines • Small onshore stabilisation plant
Slide 15: Exploration
For personal use only Corporate Summary West Seahorse Exploration
Slide 16: Exploration: Vic/P57 and T41P
Exploration For personal use only Vic/P57 Gippsland Basin Vic/P57 70% 3D seismic coverage At least 7 leads and prospects identified to date Sea Lion Prospect ready to drill T41P Lubiana Iron Pot T41P Bass Basin At least 4 leads identified from 2D seismic Crosswinds Dalrymple has significant seismic
Slide 17: Exploration: Sea Lion
Exploration Sea Lion For personal use only •Inversion Inversion feature identical and on trend with West Seahorse Sea Lion • Covered by 3D seismic •Located Located between the shore and West Seahorse Seahorse West Seahore Sea Lion West Seahorse- Seahorse- 1 Low Mid High Prospective Resources Case Ca
Slide 18: Vic/57 Prospects and Leads
Exploration For personal use only Vic/57 Prospects and Leads Scooter Salsa Lead ~7mm OIP ~40 mm OIP Top Latrobe Top Latrobe Updip from oil fields Dexter Felix ~44 mm OIP ~40 mm OIP Intra Latrobe Top and intra Latrobe Between Wirrah and Moonfish New detailed mapping of prospects underway
Slide 19: Exploration: T41P
Exploration For personal use only T41P At least 4 leads identified Darymple has strong HC signature Recent bid levels in the Bass significantly higher than 3D Oil’ Oil’s Currently in discrete farmout campaign Consortium awarded seismic contract Fault does Amplitude dim at crest not breach - HC in ha
Slide 20: Exploration: Bass Basin activity
Exploration Tap (Op) 2006 Two wells (yr 2&3) For personal use only Rawson (Op) Cue & Exoil (Op) 3D and two wells (yr 300 sq km 3D seismic 2&3) 2005 Bass Strait (100% & Op) 2D, 3D and one well Origin (Op) 2D, 3D and one well AWE Trefoil & White Ibis gas discoveries. Cue & Exoil (Op) 200 sq km 3D seis
Slide 21: Comparison with peers
Comparison with peers Market cap/bbl – mid cap sector For personal use only 45 .0 40.2 40 .0 35.6 35 .0 Average $21.8/bbl 31 .6 30 .0 2 6.5 MCap/A$bbl 2 4.2 25 .0 22.4 21.7 22.1 20 .0 15.3 15 .0 12.6 10.2 9.7 10 .0 7.5 5 .0 0 .0 AED AWE Nido Petroleum Beach Petroleum Tap Oil Horizon Oil Roc Oil Pets
Slide 22: 3D Oil Summary
3D Oil Investor Update Summary For personal use only • Planning for West Seahorse development underway • Technical evaluation of West Seahorse encouraging • Assembling world class team • Portfolio of quality prospects provides further leverage to upside • Recent Bass Basin round significantly increa