Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Emerald Oil & Gas NL — Investor Presentation (August 2008)
21 slides from Emerald Resources Nl's investor presentation, Aug 12, 2008
Slide 1: Emerald Oil & Gas NL: Emerging Appalachian Basin Gas Producer
For personal use only Emerald Oil & Gas NL Emerging Appalachian Basin Gas Producer Aug 2008
Slide 2: Company Overview
Company Overview For personal use only • Perth based company, listed on ASX in June 2006 • Gas Development Project in Appalachian Basin, USA • Exploration Assets in Australia & USA • 115.48m shares on issue • 6.48m unlisted options ($0.25/$0.30; Dec 08/09) • $5.4 million cash • Market cap $23.1m (un
Slide 3: The New Emerald Oil & Gas
For personal use only The New Emerald Oil & Gas • Strategy - • Implementation - • Development of production and reserve / resource base via 50 well Appalachian basin drilling programme in 2008/09 • Proven undeveloped Reserve status (PUD) for undrilled locations (shallow and deep) surrounding each we
Slide 4: Appalachian Basin, USA
For personal use only Appalachian Basin, USA West Virginia Acreage • Oldest producing basin in U.S. • Long-life gas reserves • Huge potential • Renewed Interest • Increased infill and deeper drilling and horizontal wells • New fracing technologies Kentucky Acreage
Slide 5: P&J Resources – who are they?
For personal use only P&J Resources – who are they? • Agreement: • Access to 45,000 acres in Eastern Kentucky, 45,000 acres in western West Virginia under 10 year agreement (AMI) • Continuous drilling to earn 80% working interest • Turnkey well pricing • Each unit earned includes 4,000 foot radius s
Slide 6: Spacing unit
Spacing unit For personal use only Well Well • Each P & J well earns acreage within 4,000ft PUD radius spacing unit (8,000’ dia) • Includes 4x 4,000ft Well deep locations PUD PUD plus PUDs • PUD’s included PUD in reserve estimate Well Well
Slide 7: EMR Infrastructure (P&J)
For personal use only EMR Infrastructure (P&J) • 2 new amine plants installed (Ky. and W.V.) • 4 compressors • 2 new pipelines • Completion Q3 08 • No cost to Emerald • Transmission costs approx $0.60/Mcf • Links to major lines operated by El Paso, Colombia, Jefferson, Chesapeake, Equitable • All ga
Slide 8: Appalachian Pipeline Infrastructure
For personal use only Appalachian Pipeline Infrastructure • Interstate Pipeline options • Amine plants installed - Kentucky - W. Virginia • Pricing reference to TICO DTI price (Premium to H.Hub) W. Virginia Acreage • Gathering lines complete Kentucky Acreage - Expandable capacity - Fixed cost gather
Slide 9: Drilling program & Funding
Drilling program & Funding For personal use only • P&J providing 2 rigs for continuous drilling program • 5 wells on production, 2 awaiting hook up • Emerald to commit to 50 well program • Emerald to drill mix of – Shallow – Deep vertical – Deep horizontal – Shale (vertical & horizontal) – Re-works
Slide 10: Drilling Program
Drilling Program For personal use only Project Emerald Emerald Timing Interest attributable potential resource (unrisked) * Appalachian Development – 80% Approx 0.4 Bcf per First well (acquired) hooked up continuous drilling upon well Deep well May 08 funding Commence ~50 well program upon funding *
Slide 11: Conclusion
For personal use only Conclusion To develop cashflow and reserves / resources in producing on-shore US Appalachian basin and establish positions in low risk onshore exploration assets in WA and the US • High potential gas development play • Developing cashflow + resource/reserve • Project level fund
Slide 12: Contacts
For personal use only Contacts • Office Address: Level 2, 16 Altona Street, West Perth WA 6005 • Phone: (+61 8) 9482 0510 • Fax: (+61 8) 9482 0505 • Web: www.emeraldoilandgas.com • Email: Bob Berven - Executive Director, Technical bberven@emeraldoilandgas.com John Hannaford - Executive Director, Fin
Slide 13: Thank you / Disclaimer
For personal use only Thank you Disclaimer This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectation reflected in the statements are reasonable but they may be affected by a variety of variable
Slide 14: Appendix - Existing ongoing development projects
For personal use only Appendix - Existing ongoing development projects: • Greenbush Project – North Dakota • NW Alice Project - South Texas • Stokes Bay Prospect – EP 104 • Canning Basin - EPA 4/05-6
Slide 15: Greenbush Project North Dakota
Greenbush Project North Dakota For personal use only Location: Ward & Renville Counties North Dakota Objectives: Bakken Shale (fractured) at 6000 feet Well depth: 6200+ FT (MISS) 9000+ FT (DEV) Emerald interest: Earned 15% WI Royalties: 20.00% (approx +9,000 acres under lease) Hydrocarbon Potential:
Slide 16: Greenbush Project, North Dakota
Greenbush Project, North Dakota For personal use only • A fractured Bakken shale play exists caused by intersection of two major fault trends within a portion of the acreage block. • Regional exploration targeting horizontal development of Bakken oil potential. • Two wells drilled in Q3 2008 discove
Slide 17: NW Alice Project, South Texas
NW Alice Project, South Texas For personal use only • Jim Wells County, South Texas • Objectives: Yegua Sands • Emerald interest: 10% WI in project • Royalties: 23% NRI: 77% • Reserve potential: - 100 Bcf gas, 2.5 million bbls condensate • Operator: Noble Energy • First well drilled March 07, discov
Slide 18: NW Alice Project area
For personal use only NW Alice Project area showing location of RJ Hunter #1 well offsetting the Delta-Gulf 1954 well. Large anticline structure under lease with potential for several well locations following 3D seismic interpretation. RJ Hunter #1 well location Delta-Gulf well drill in 1954
Slide 19: EP104 - Stokes Bay Prospect
EP104 - Stokes Bay Prospect For personal use only • Location: EP104, Canning Basin, WA • Objectives: All sands within Anderson formation / Nullara Carbonates • Emerald interest: 12.75% WI Royalties: 10% Government • Hydrocarbon potential: Top Deltaic member: 4.3 Mmbo Unit ‘A' Sand: 33.5 Bcf gas Unit
Slide 20: Canning Basin - EPA 4/05-6
For personal use only Canning Basin - EPA 4/05-6 • Location: EPA 4/05-6, Canning Basin, WA • Objectives: All sands within Anderson formation / Nullara Carbonates • Emerald interest: 100% • Royalties: 10% Government, 2% other • Hydrocarbon potential (Eve Rose Prospect): Top Deltaic member: 20 Mmbo Un
Slide 21: Canning Basin acreage
Canning Basin acreage For personal use only
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