Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Shareholder Meeting (November 2019)
24 slides from Vintage Energy's shareholder meeting presentation, Nov 26, 2019
Slide 1: Vintage Energy Ltd AGM Presentation
26 NOVEMBER 2019 Vintage Energy Ltd AGM Presentation
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Vintage Energy Limited (“Vintage” or the “Company”), with the purpose of providing general information about the Company. This presentation contains certain statements which may constitute “forward-looking statements”. Such statements are only predic
Slide 3: Reg Nelson, Chairman
Reg Nelson Chairman Ww VINTAGE ENERGY
Slide 4: FY19 was Vintage Energy's foundation year
FY19 was Vintage Energy’s foundation year Expanding into key onshore Australian petroleum basins • $30 million Initial Public Offering (“IPO”) and listing on the Australian Securities Exchange (“ASX”) completed – IPO funds being used to complete existing and upcoming drilling and testing in the Gali
Slide 5: Share price and share register
Share price and share register Stable share register and increasing activity underpinning upward pressure on VEN share price • Share register supported by six stable institutional investors VEN vs ASX 300 Energy….since inception • Retail shareholder component increased over past six months • Share p
Slide 6: Growth focused energy company
Growth focused energy company Proven exploration success driven by outstanding technical capability East coast Gas focus Market Lean, innovative energy market with oil potential accessibility and agile Gas and energy shortage Onshore basins with on the east coast marketable gas potential Permits clo
Slide 7: Infrastructure and market proximity
Infrastructure and market proximity Multiple avenues to market for Galilee Basin gas once commercial flows are proven • MOU signed with APA – APA to undertake a work program to identify a pipeline route to connect the Galilee Basin to Australia’s east coast gas markets – APA’s proposed route to mark
Slide 8: Strategy for sustainable growth
Strategy for sustainable growth Constant watching brief on corporate, asset acquisition and farm-in opportunities 2. Asset 1. Operational, 3. Corporate 4. Balanced 5. Portfolio 6. Climate and acquisitions and commercial focus opportunities portfolio optimisation sustainability farm-ins 1. In-house o
Slide 9: Neil Gibbins, Managing Director
Neil Gibbins Managing Director
Slide 10: Operations to date
Operations to date The foundation now set for near-term game changing catalysts Galilee Basin • Albany-1 provides proof of concept and impetus for seismic acquisition and further appraisal drilling • 336 kilometre Koburra 2D seismic program completed • Ensign Rig 932 mobilised, Albany-2 and Albany-1
Slide 11: Indicative timeline - remainder FY20
Indicative timeline - remainder FY20 Potential game-changing catalysts in the near-term December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 Stimulate Albany-2 and Albany-1 ST1 Flow test Albany-2 and Albany-1 ST1 Drill Nangwarry-1 Flow test Nangwarry-1 (subject to succes
Slide 12: Galilee Basin – ATPs 743, 744, 1015 ("Deeps")
Galilee Basin – ATPs 743, 744, 1015 (“Deeps”) Active campaign to date appraising the 61 km2 conventional Albany Field; stimulation of Albany-1 ST1 and Albany-2 commencing in December 2019 followed by flow-testing • Vintage 30%, Comet Ridge 70% (operator) 1C, 2C and 3C contingent • June 2018 – Albany
Slide 13: Galilee Basin – Deeps
Galilee Basin – Deeps Potential for additional structures with large gas accumulations • Underexplored and areally extensive permits of more than 9,000 km2 • Albany Field is a large robust anticlinal structure over 61 km2 • Defined by 1980’s 2D seismic grid (2.5 km x 2.5 km) • Targeting Lake Galilee
Slide 14: Cooper / Eromanga Basins – ATP 2021
Cooper / Eromanga Basins – ATP 2021 Technical team with proven exploration success in the Cooper / Eromanga Basins • Vintage earning 50% and operatorship • Highly prospective 370 km2 permit, close to infrastructure and partially covered by 2D / 3D seismic, which has been reprocessed / merged and int
Slide 15: Cooper / Eromanga Basins – ATP 2021
Cooper / Eromanga Basins – ATP 2021 Vali prospect is a robust structure close to gas and oil production • Structure identified on Snowball 3D • Close to Kinta-1 which has gas charged sands in Patchawarra (primary target) and Toolachee (secondary target) • Oil potential above Jurassic volcanics, whic
Slide 16: Cooper / Eromanga Basins – PRL (New farm-in)
Cooper / Eromanga Basins – PRL 211 (New farm-in) Odin is a drill ready prospect that straddles PRL 211 and ATP 2021 • PRL 211 is a 98.49 km2 retention licence, close to infrastructure • The Odin structure, fully covered by recent 3D seismic, has gas potential in the Patchawarra and Toolachee Formati
Slide 17: Cooper / Eromanga Basins – PRL 211
Cooper / Eromanga Basins – PRL 211 Technical team experienced in Toolachee and Patchawarra formations in the Cooper / Eromanga Basins • Odin is a Permian four-way dip closure that is situated on a structural nose that plunges north-eastwards into the Nappamerri Trough – Prospective for gas in multip
Slide 18: Otway Basin
Otway Basin Nangwarry-1 is a drill ready prospect close to infrastructure in a proven commercial gas province; Technical team with Otway Basin expertise PEL 155 (SA) • Vintage 50%, Otway Energy Pty Ltd 50% and operator • $4.95 million SA Govt PACE Gas Grant • Nangwarry-1 on Easternwell rig 106’s sch
Slide 19: Otway Basin – PEL 155 (SA)
Otway Basin – PEL 155 (SA) Focused on the Penola Trough, which has produced ~70 PJ of gas to date • Nangwarry-1 covered by 3D seismic and within pine plantation • 3-way dip, fault sealed closure, high chance of gas charge • Analogous to Haselgrove-3/ST1 and Ladbroke Grove • Katnook gas plant ~10 km
Slide 20: Perth Basin (New farm-in)
Perth Basin (New farm-in) Equity in Cervantes oil prospect only and option to drill a second structure • L14, located within the Perth Basin, is a 39.8 km2 production licence granted over the Jingemia oilfield and surrounds Farm-in structure • Binding term sheet1 to farm-in for 30% of the Cervantes
Slide 21: Perth Basin (New farm-in)
Perth Basin (New farm-in) Adjacent to the 12 MMbbl oil in place Jingemia oil field (over 4.6 MMbbl produced to date) • Cervantes structure located in a gap between the oil discovery A A’ trend of the Hovea, Jingemia and Cliff Head oil fields – High-side fault trap of multiple reservoir units (simila
Slide 22: Bonaparte Basin – EP 126
Bonaparte Basin – EP 126 Higher risk and high reward permit in a proven petroleum system; originally identified and drilled by present Vintage technical team • Vintage 100% • Low cost entry into large 6,700 km2 permit • Gas flows from onshore Bonaparte wells – Onshore is an underexplored frontier re
Slide 23: Summary
Summary Intent on ensuring the best outcomes for all stakeholders One year since listing: • Strategy still sound • The right team in place to deliver on strategy • Values-based culture with a clear focus on benefitting all stakeholders • Long-term vision for sustainable growth • Next sixth months to
Slide 24: Contact information
Contact information For information info@vintageenergy.com.au www.vintageenergy.com.au