Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Corporate Update (December 2024)
14 slides from Lakes Blue Energy Nl's corporate update, Dec 9, 2024
Slide 1: Lakes Blue Energy Status Update December 2024
1 For personal use only Lakes Blue Energy Status Update December 2024
Slide 2: Cautionary Statement
Cautionary Statement This presentation has been prepared by Lakes Blue Energy NL (‘Lakes Blue Energy’, ‘LKO’ or ‘Company’). By accessing this presentation you acknowledge that you have read and understood the following statement. For personal use only Cautionary Statement The Company is not aware of
Slide 3: 2023/24 in a Nutshell
2023/24 in a Nutshell For personal use only Attention Refocussed Sell Down of interest on Flagship Wombat in PEP 169 to Project minimise dilution and Issues Emerging: maximise Timing and Cost shareholder upside Year began with Funding intention to expedite Loss of Control drilling of Enterprise Nort
Slide 4: Market Considerations – EnergyQuest East Coast Gas Outlook
Market Considerations – 1 of 2 For personal use only EnergyQuest’s sixth annual ‘East Coast Gas Outlook’, Nov. 2024 ▪ East coast gas supply shortfalls expected as soon as 2026. ▪ Victorian offshore gas fields are running out – Longford down 33% since 2022. ▪ Victoria and NSW reliant upon LNG imports
Slide 5: Market Considerations – The Real Cost of Net Zero
Market Considerations – 2 of 2 ‘The Real cost of Net Zero’, Chris Uhlmann, Sky News, Nov. 2024 For personal use only ▪ “Oil & Gas are not just fuels, they are part of … everyday items.” ▪ “Gas is the ultimate backstop for reliability…” (Daniel Westerman, CEO, Australian Energy Market Operator. ▪ “Th
Slide 6: Essence of Company's Near-Term Strategy
Essence of Company’s Near-Term Strategy For personal use only Following the sale of its interest in PEP 169 (Vic.) to raise $6.5m plus future Royalty Income, Lakes Blue Energy intends to: Secure Approval for and Drill the highly-prospective, relatively low-risk Wombat-5 well Expedite Development of
Slide 7: What Makes Wombat Gas Field So Appealing?
What Makes Wombat Gas Field so Appealing? ▪ Relative Low Risk For personal use only o Existing vertical wells flow gas o Certified Contingent (2C) gas resources already in place - Wombat: 329 Bcf; Adjacent Trifon-Gangell: 390 Bcf o Gas is high-quality o Well design is conventional, using established
Slide 8: Wombat-5 Well and Wombat Gas Field Concept
Wombat-5 Well and Wombat Gas Field Concept ▪ Wombat-5 lateral well design specifically selected to For personal use only achieve commercial production of gas ▪ Independently forecast 10 TJ/d initial production ▪ Gas Field Development Concept o Minimal gas processing requirement, plus compression o L
Slide 9: Wombat-5 Gas Well
Wombat-5 Gas Well For personal use only Wombat-5: 1.5 km lateral targeting upper Strzelecki Formation
Slide 10: Cash Flow Outlook: Wombat & Trifon-Gangell
Cash Flow Outlook: Wombat & Trifon-Gangell Basis of Estimate: For personal use only 350 ▪ Central Forecast of lateral well production profile, prepared by Stimulation Petrophysics 300 Net Cash Flow, $m (indexed, pre-tax) Consulting LLC. 250 ▪ Project development 2025/26 to commence 200 production in
Slide 11: Post Wombat - Portland Energy Project
Post Wombat - Portland Energy Project • 100% Company owned, with 3 Tcf in 'Focus Area’ For personal use only Focus Area • All historic wells that have intersected the Eumeralla Formation have contained gas • Greenslopes-2 and Portland Energy-1 conventional wells proposed to confirm Eumeralla gas is
Slide 12: Post Wombat - ATP 1183, Queensland
Post Wombat - ATP 1183, Queensland For personal use only • 100% owned by Lakes • In close proximity to existing infrastructure • Multiple exploration targets Potential Prospect (Economic Ultimately Recoverable) Emu Apple 1.3 MMBbl oil Riverslea Updip 7.5 MMBbl oil across 17 targets Major East 8.5 Bc
Slide 13: The Lakes Blue Energy Opportunity
43 The Lakes Blue Energy Opportunity For personal use only • Eastern Australian Gas Market is Suffering Supply Shortfalls and Very High Prices • Exploration is Again Allowed Onshore in Victoria • Onshore Conventional Gas is Much Lower Cost than Offshore or Distant Resources • Lakes Intends to Drill
Slide 14: Sources of Resource Estimates
Sources of Resource Estimates Wombat and Trifon-Gangell Gas Fields Source of Contingent Resources estimate: “Technical GIIP and EUR Estimate Update Post Wombat #4: Wombat Field”, June 2010, For personal use only Gaffney, Cline and Associates. Source of Wombat-5 gas production potential: “Production
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