3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2015)
23 slides from 3d Energi's shareholder meeting presentation, Nov 24, 2015
Slide 1: 3D Oil Limited Annual General Meeting
3D Oil Limited Annual General For personal use only Meeting 24 November 2015 Baker & McKenzie William Street Melbourne
Slide 2: Important Disclaimer
Important Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achie
Slide 3: 1. 3D Oil Overview
For personal use only 1. 3D Oil Overview 3D Oil continues to punch above its weight in a difficult market environment and is well placed to benefit from supply constrained 3 Eastern States gas markets Page 3
Slide 4: Two Years of Significant Achievements
Two Years of Significant Achievements For personal use only TDO acquires T/49P permit with significant gas potential close to Eastern States gas market Secures strong partner, Beach Energy, with both a buy in and further farm down Secured substantial value from the West Seahorse Field when pro
Slide 5: 3D Oil Snapshot
3D Oil Snapshot An oil and gas company focussed on eastern Australia with an exciting program on the For personal use only horizon Key Assets • 24.9% of VIC/P57 offshore Victorian permit – Significant potential remaining eg. Felix • 70% of T/49P offshore Tasmanian permit – Contains highly prospectiv
Slide 6: 2. Exploration T/49P
For personal use only 2. Exploration T/49P 6 Page 6
Slide 7: T/49P Overview
T/49P Overview 3D Oil is currently 70% equity holder and A potentially significant Australian gas province For personal use only operator in T/49P with its partner Beach Energy Interpreted to contain all the geological elements required for sizeable accumulations of hydrocarbons – Adjacent Thylaci
Slide 8: T/49P Prospectivity
T/49P Prospectivity Permit has all the ingredients for a rich and active petroleum system For personal use only All leads have access to significant charge from anomalously thick Tertiary wedge which is interpreted as the Thylacine source kitchen Both Flanagan and Whalebone are interpreted to
Slide 9: Flanagan Prospect, T/49P
Flanagan Prospect, T/49P Flanagan Prospect Flanagan is now a ready to drill prospect For personal use only 3D seismic strongly indicative of good seal over the Sea Floor prospect Amplitude anomalies conformable with structure Analogous to nearby Thylacine Field albeit larger Base Seal / Top
Slide 10: T/49P Prospectivity
T/49P Prospectivity For personal use only Over two thirds of T/49P is lightly covered by vintage 2d seismic data The central and southern portion are structurally complex and therefore potentially ‘closure rich’ The petroleum system sourcing Thylacine is interpreted to operate throughout T/49P
Slide 11: T/49P - Seal Rocks Lead
T/49P - Seal Rocks Lead Regional Seismic Line through southern part T/49P For personal use only Seal Rocks The Seal Rocks Lead is an excellent example of the further potential within T/49P Optimally located for hydrocarbon charge from late Tertiary burial Displays bland zone indicative of seal
Slide 12: T/49P and East Coast Gas Demand
T/49P and East Coast Gas Demand LNG dominates Eastern Australia demand creating market opportunity for T/49P For personal use only Predicted East Coast Gas Consumption Eastern States Projected Gas Price 2012 - 2034 Source: AEMO • Gladstone LNG plants now in start-up phase • It is unlikely that CSG f
Slide 13: T/49P and East Coast Gas Pricing
T/49P and East Coast Gas Pricing Eastern States Projected Gas Price 2012 - 2034 For personal use only Source: Eastern Australia Domestic Gas Market Study, Bureau of Resource and Energy Economics • Wholesale gas prices projected to be in the range of $6.00 to $10.00 / GJ • Demand forecasts including
Slide 14: T/49P Indicative Economics
T/49P Indicative Economics For personal use only Indicative economics are strong: Robust project for field sizes greater than 400 BCF @ $6/GJ gas price Flanagan Best Estimate of Prospective Resource of 1,380 BCF would be clearly economic At $8/GJ gas price the analysis indicates NPVs of Munro app
Slide 15: 3. VIC/P57 Exploration
For personal use only 3. VIC/P57 Exploration 15 Page 15
Slide 16: VIC/P57 Overview
VIC/P57 Overview VIC/P57 is located on trend of a prolific ‘sweet spot’ in the Gippsland Basin, For personal use only - with an historical success rate in the region of better than 2 in 3. The permit covers approximately 449 km2 along the prospective Northern Margin The Felix structures remains
Slide 17: Sea Lion Review
Sea Lion Review Sea Lion was an attractive target as the last recognised 4 way dip closure in the prolific For personal use only Gippsland Basin The well was a commitment well • The well was the commitment for Year 3 Second Term of VIC/P57 and was highlighted in TDO’s prospectus in 2007 and always
Slide 18: VIC/P57 - Felix Prospect
VIC/P57 - Felix Prospect The Felix Prospect still has a great address and is independent of the Sea Lion result For personal use only Located between two oil fields (Wirrah and Moonfish) and appears larger at the sub-volcanic level which contains oil in both fields Contains potential deep gas pr
Slide 19: 5. Conclusion
For personal use only 5. Conclusion 19 Page 19
Slide 20: 3D Oil continues to punch above its weight
3D Oil continues to punch above its weight TDO continues to successfully navigate through a difficult financial climate For personal use only Commences further farm • TDO commences discussion with large east coast gas down of T/49P players • Timing of this transaction prior to the oil price crash Mo
Slide 21: Up Coming Activities
Up Coming Activities 3D Oil still has high ambitions For personal use only TDO’s main focus on moving T/49P along ultimately to gas production Undertake Farmout of T/49P Talking to other operators in region to form rig club to mobilise a semi sub for drilling in summer of 2016/17 Results of 20
Slide 22: 3D Oil Ready for Action
3D Oil Ready for Action For personal use only Page 22
Slide 23: Contacts
Contacts For personal use only Noel Newell Managing Director 3D Oil Limited Level 5, 164 Flinders Lane Melbourne, Victoria 3000 Phone: +61 3 9650 9866 Fax: +61 3 9639 1960 Email: nnewell@3doil.com.au Page 23