Jupiter Energy Limited · ASX:JPR
Jupiter Energy — Westcoast Mining — Shareholder Meeting (May 2005)
10 slides from Jupiter Energy's shareholder meeting presentation, Jun 2, 2005
Slide 1: Onshore Otway Basin (PEP 163 & PEP 164)
shore Otway Basin IEP 163 & PEP 164) resentation for Westcoast Mining Limited eneral Meeting of Shareholders _ May.27, 2005
Slide 2: Background
Background m Announced to the ASX on 26 April 2005 = WML (thru Jupiter Energy (Vic) P/L) to enter into agreement with Lakes Oil NL to acquire 50% interest in Petroleum Exploration Permit (PEP) 163 = Also option to acquire 33.3% of PEP 164 m Expected to start drilling at PEP 163 in mid July 2005 and
Slide 3: Funding
Funding Placement of 20m WML shares @ 6.5 cents to fund project ($1.3m before costs) Placement to occur within 3 months of this meeting mpact on structure: cl Present capital base of 50.3 m shares with $2m in cash (after recovery of Tuckabianna bond of $864k) cl] New structure expands to 70.3 m, cas
Slide 4: Potential
Potential PEP 163 located within the Otway Basin Situated close to a large proportion of Victoria’s oil refinery and chemical industry Well located in terms of gas pipeline infrastructure
Slide 5: Why are we investing
Why are we investing m™ Considered prospective for gas exploration m Large demand for natural gas in the region: <] Geelong <i Alumina smelter at Port Henry =i Cement works at Fyansford and Waurn Ponds m Limited history of other drilling (1962 and 1970) m Benefit from proven knowledge of exploiting
Slide 6: The Fracturing Process
The Fracturing Process = Prior to fracturing, each individual zone is computer calculated on possible NPV return to ensure expenditure is not wastefully spent.
Slide 7: The Fracturing Process
The Fracturing Process Fracture opened up Bu High Pressure Fraccing Pluk
Slide 8: The Bellarine JV Agreement
The Bellarine JV Agreement m Presently Lakes Oil owns 100% of PEP 163 & PEP 164 = Farm in agreement with Lakes Oil NL = Jupiter Energy (JPR) to earn 50% interest in PEP 163 based on expected expenditure approx capped $1.2m m To earn its 50% in PEP 163, JRP will drill Bellarine No. 1 well m Bellarine
Slide 9: Summary
Summary = Bellarine No. 1 well potential for Oil & Gas discovery. m= Hindhaugh Creek 1 encountered a number of gas zones/shows within the Eumeralla. = In the testing of Hindhaugh Creek it was considered the reservoir was damaged during drilling however it was concluded potential recovery from the zo
Slide 10: Location
Location of Bellarine No. 1 well Well site is located in non-environmental damaging location PEP 163 LAOH AGH GREEK STSCI Potential 45bcf gas yrs