Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Investor Presentation (May 2024)
16 slides from Omega Oil & Gas's investor presentation, May 16, 2024
Slide 1: Bringing New Energy to East Coast Australia
BRINGING NEW ENERGY TO EAST COAST AUSTRALIA For personal use only May 2024 THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
Slide 2: Disclaimer
Disclaimer This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this document has been prepared for information purposes only and does not constitute a prospectus, or an offer, invitation, solicitation or recommendation with respect to the
Slide 3: Key Risks
Key Risks We recommend investors to read and consider the risks associated with Omega, its assets and the industry it is in as set out in Omega’s prospectus that was lodged with the Australian Securities and Investments Commission on 22 August 2022 (Prospectus) which is available from Omega’s websit
Slide 4: Omega's Opportunity
Omega’s Opportunity High-potential, low Two successful Favourable location For personal use only CO2, gas and liquids discovery wells in means lower portfolio in 2023 development costs Queensland’s Significant Taroom Trough appraisal tests in 2024 Strong technical and Experienced, Strong leadership
Slide 5: Board and Management
Board and Management For personal use only Stephen Harrison Trevor Brown Quentin Flannery Andrew Hackwood Michael Sandy Executive Chairman Interim CEO Non-Executive Director Non-Executive Director Non-Executive Director Stephen brings to the Board Trevor is a geologist and executive Quentin is the C
Slide 6: Taroom Trough – Next Generation East Coast Gas Supply
Taroom Trough – Next Generation East Coast Gas Supply 1 2 3 4 For personal use only Gas supply Taroom Trough - Proven, large- Near-term deficit forecast several operators scale tight-gas production from 20281. (including Majors) play with potential with low- are actively multi-TCF cost access to de-
Slide 7: Taroom Trough – Next Generation East Coast Gas Supply
Taroom Trough – Next Generation East Coast Gas Supply Bowen Basin - Beetaloo Basin – producing basin - vast potential future gas majority to LNG export producer – remote, For personal use only with costly, major new pipeline infrastructure required to reach Omega is perfectly positioned Eastern Aust
Slide 8: Numerous Operators currently exploring and appraising
Numerous Operators currently exploring and appraising Exploration and Appraisal Grandis Project • Maintains licences in the basin centred • Daydream 2 (vertical well) drilled to fairway 4,300m For personal use only • Have previously explored and appraised • Targeting tight sands and coals in Permian
Slide 9: Multiple Play Types being tested in the Southern Taroom Trough
Multiple Play Types being tested in the Southern Taroom Trough Dunk 1 Daydream 1 & 2 Fantome 1 Tasmania 1 Canyon 1 Cabawin 1 Basin Play Types For personal use only 1 Horizontal completion in channel 5 1 Sands within the Wallabella Coal Measures Vertical completion in Tight Sands & Rewan 2 Formation
Slide 10: Taroom Trough Permian Gas Play – Horizontal wells to test flow capacity
Taroom Trough Permian Gas Play – Horizontal wells to test flow capacity Taroom Trough – activity on the rise • Canyon wells prove the deep Permian play. Large Continuous • Multiple, thick packages of gas saturated rock. Unconventional • Gross 2C contingent resources of 1.73 TCF1 within the Kianga Fo
Slide 11: Canyon-1H Objective
Canyon-1H Objective For personal use only Opportunity to stack horizontal completions if successful given thickness of Permian sequence (well paths not to scale) • Zone selected based on superior reservoir and completion qualities • Objective is to drill a horizontal well in the lower Kianga and ass
Slide 12: Ensign Rig #965 contracted to drill Omega's Canyon 1H horizontal well
Ensign Rig #965 contracted to drill Omega’s Canyon 1H horizontal well Rig is warm, moving to site after being released from Shell QGC’s Tight Gas Sands For personal use only (TGS) project, where the same crew is drilling similar horizontal wells. Ensign #965 rig is an ADR-1500 model rig with a hook
Slide 13: Plan Update – What we've done the last months
Plan Update – What we’ve done the last 6 months 1 2 3 4 5 6 For personal use only Resource Finalise Canyon Secure rig, major Develop Basis of Progress Tenure Research & Assessment 1H Landing Zone services and Design and Well Retention Strategy Development Tax purchase long leads Program Incentive (R
Slide 14: Forward Plan – Can Commercial Flow Rates be Achieved?
Forward Plan – Can Commercial Flow Rates be Achieved? • Secure major fracture stimulation services and long-lead items. • Execute multi-stage fracture stimulation program and flow back For personal use only • Complete extended production testing and interpret results • Post stimulation performance a
Slide 15: Listing Rule 5.43 Disclosure
Listing Rule 5.43 Disclosure SLIDE: Omega's Taroom Trough Deep Permian Gas Play The estimates of Reserves and Contingent Resources reported in this ASX Announcement have been independently reviewed and verified by Netherland, Sewell & Associates, Inc., qualified resource evaluators and were first re
Slide 16: For All Enquiries Please Contact Omega Oil and Gas
z For personal use only FOR ALL ENQUIRIES PLEASE CONTACT OMEGA OIL AND GAS +61 7 3778 3861 | INFO@OMEGAOILANDGAS.COM.AU THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS