Lakes Blue Energy Nl · ASX:LKO

Lakes Blue Energy Nl — Lakes Oil NL — Investor Presentation (February 2017)

17 slides from Lakes Blue Energy Nl's investor presentation, Feb 14, 2017

  1. Slide 1: Investor Presentation: Entitlement Offer of Shares and Bonus Performance Rights

    For personal use only Investor Presentation Lakes Oil NL Entitlement Offer of Shares and Bonus Performance Rights 14 February 2017

  2. Slide 2: Disclaimer

    Disclaimer For personal use only This document is not a recommendation, offer or invitation by any person to any person to sell or apply for securities in the Company and does not constitute financial product advice. The document is not a prospectus under Australian law or under any other law. It is

  3. Slide 3: Investment Highlights

    Investment Highlights For personal use only  Attractive Offer of Shares and Bonus Performance Rights.  Performance Rights give VWAP-linked upside.  Important drivers of Share Price: o Near-term exploration opportunities:  Multiple, low-cost, highly-prospective conventional targets.  Capable of

  4. Slide 4: Lakes Oil - History

    Lakes Oil - History For personal use only  Australia’s oldest operating petroleum exploration company.  Formed in 1946 with Victorian focus.  Taken over by Woodside in 1959, and delisted.  Relisted 1985, again with Victorian focus.  Has spent ~$100m on exploration activities across Victoria. 

  5. Slide 5: Reinvention

    Reinvention…... For personal use only  New, Non-Victorian Focus: o Acquisition of Navgas complete. o Near-term, highly-prospective exploration opportunities.  Protection of Shareholders’ Rights and Interests: o Victorian Government sued for damages. o Victorian Exploration Acreage retained for fut

  6. Slide 6: The Offer

    The Offer For personal use only  1 for 4 Entitlement Offer, priced at 0.2 cent per Share.  Bonus Performance Right for each new Share issued.  Offer partially Underwritten ($1.5m) by DGR Global Limited.  Features of Offer: o Up to 6,300,605,519 Shares and Performance Rights issued. o Up to $12,6

  7. Slide 7: Performance Rights

    Performance Rights For personal use only  Provide generous uplift potential linked to Company performance  Each Performance Right can automatically convert to 1.25 shares: o Conversion is free – no cost to right holder. o Trigger for conversion is 60-day VWAP being above 0.8 cent.  Important Driv

  8. Slide 8: Use of Funds

    Use of Funds For personal use only For 12 month period ending 31 January 2018 Activity Minimum Low-range Target Exploration ATP 1183 $0.1m $1.5m $5.3m Exploration SA - - $1.0m Legal Proceeding $0.5m $0.5m $0.5m Capital Raising Costs $0.2m $0.2m $0.5m Mortgage Repayment - - $0.6m Corporate Costs $0.7

  9. Slide 9: Legal Proceedings

    Legal Proceedings For personal use only  Government has prevented LKO from using its Exploration Permits: o Company has suffered material losses.  Legal Proceedings against Victorian Government: o Claim for damages arising from ‘Derogation from Grant’. o $2.7 billion damages claim. o Final claim a

  10. Slide 10: Near-term Exploration

    Near-term Exploration For personal use only  ATP 1183 offers exploration potential: o Existing gas and oil infrastructure in close proximity. o East Coast gas market undersupplied and high priced.  Focus on largest, most prospective ATP 1183 opportunities: o Bendee-1: recompletion to monetise bypa

  11. Slide 11: ATP 1183 - Queensland

    ATP 1183 - Queensland For personal use only WELLESLEY 41 BCF MAJOR EAST 13.8 BCF

  12. Slide 12: ATP 1183 - Queensland

    ATP 1183 - Queensland For personal use only Permian coal and shale is source of oil and gas that is trapped in the Showgrounds reservoir, under the Snake Creek Mudstone (blue), and also in the shallower Evergreen sands

  13. Slide 13: South Australia

    South Australia For personal use only PROPOSED STRATIGRAPHIC COREHOLE

  14. Slide 14: Appendix: Reference Information Regarding Victorian Acreage

    For personal use only Appendix: Reference Information Regarding Victorian Acreage (as provided at 2016 Annual General Meeting)

  15. Slide 15: Lakes Oil's Victorian Permits

    Lakes Oil’s Victorian Permits For personal use only Highly Prospective - Gas resources already demonstrated

  16. Slide 16: Lakes Oil's Victorian Potential

    Lakes Oil’s Victorian Potential For personal use only Estimated Prospect Recoverable Gas2 Wombat 329 Bcf (2C) Trifon-Gangell 390 Bcf (2C) PEL 175 Focus Area 11,469 Bcf (P50)

  17. Slide 17: Sources of Estimates

    Sources of Estimates For personal use only 1. Lakes Oil NL Quarterly Report for 3 months ended 31 December 2016. 2. Independent Specialist Report on the petroleum assets of Navgas Pty Ltd and Lakes Oil NL, SRK Consulting (Australasia) Pty Ltd, December 2016. The Company is not aware of any new infor

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