3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Investor Presentation (April 2010)
27 slides from 3d Energi's investor presentation, Apr 22, 2010
Slide 1: 3D Oil Limited: Set to Deliver
3D Oil Limited For personal use only Set to Deliver April 2010
Slide 2: Presentation Disclaimer
Presentation Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performan
Slide 3: Corporate Summary, Strategy Focus, Value Potential
For personal use only ¾ Corporate Summary ¾ Strategy Focus ¾ Value Potential 3
Slide 4: Corporate Summary
Corporate Summary For personal use only As at 14 April 2010 ¾ 3D Oil formed July 2003 ¾ Listed on the ASX 22 May 2007 ¾ Shares on issue 206.6 mill ¾ Unlisted options 10.5 mill ¾ Market Capitalisation $A40 mill ¾ Top 20 shareholders 130 mill shares (63%) ¾ Cash $A8.7 mill 4
Slide 5: Why 3D Oil is great investment
Why 3D Oil is great investment For personal use only ¾ FEED commenced for the West Seahorse development with FID in 2010 ¾ Low Capex and Opex provides a very robust project even at low oil prices ¾ Initial flow rates of up to 7000 bopd expected ¾ 2P reserves 5.3 MMBbl with sidetrack of West Seahorse
Slide 6: Assets and Potential
Assets and Potential For personal use only 3D Oil Assets Vic/P57 T41-P 100% 100% ¾ The recent Trefoil and ¾ West Seahorse 8.7MMstb Rockhopper wells have (2P+2C) illustrated the basin potential ¾ FEED commenced ¾ At least 15 leads identified ¾ Sea Lion oil prospect ready to to date some with drill an
Slide 7: Strategy Focus
For personal use only ¾ Corporate Summary ¾ Strategy Focus ¾ Value Potential 7
Slide 8: Strategy Focus
Strategy Focus For personal use only 1. Accelerate West Seahorse development 2. Comprehensive prospectivity analysis 3. Securing partner to drill high impact structure First oil 2012 Outcome Drill high impact structure within 12 months Potential increasing reserves base 8
Slide 9: Seahorse and West Seahorse Comparison
Seahorse and West Seahorse Comparison For personal use only Fields very similar Seahorse has been on production for almost 19 years 9Areal size similar 9Both have oil in N1 and N2.6 reservoirs – both excellent Vic/P57 9OWCs almost identical 9Same oils (Tapis quality) West Seahorse Seahorse N1 N2.6 P
Slide 10: Reserves and Resources
Reserves and Resources For personal use only NW Prospective World class resource NE Contingent Resource petroleum system • Reserves contained in two reservoirs; N1 and N2.6 • Sidetrack of West Seahorse-3 has potential to add 1.2 MMBbl in P1 reservoir • Reservoirs consist of stacked porous channel sa
Slide 11: Near-Field Potential: Hippo
Near-Field Potential: Hippo For personal use only •Structural high west of West Seahorse West Seahorse-1 •Same oil zones predicted Hippo • A total of 1.5 MB recoverable (P50 Prospective Resource) •Potential tie-back to the main field. N1 N2.6 B Hippo West Seahorse P1 11
Slide 12: Optimising West Seahorse Development
Optimising West Seahorse Development For personal use only Development options for West Seahorse have been impacted by the global financial crisis and low oil prices. During this time 3D Oil continued engineering studies on low CAPEX options and discovered an innovative solution Key components of th
Slide 13: Optimising West Seahorse Development
Optimising West Seahorse Development For personal use only Low Capex and Opex result in very robust project ¾ Initial flow rates 6000 to 7000 bopd 10 km ¾ First oil 2012 Proposed EGP Subsea Pi Pro ¾ Field life 10 years + Compressor Station pe po l s an i ne ed Completion d Fle Of 6 5 x fs m Ste ho m
Slide 14: Growth Potential
Growth Potential For personal use only Current activities and immediate plans Vic/P57 ¾ Full prospectivity review underway ¾ Attract leveraged partner to share forward risk ¾ New work on the Felix Prospect is very exciting ¾ Sea Lion has real potential to add significant value to Vic/P57 West Seahor
Slide 15: Why Bass Strait?
Why Bass Strait? For personal use only 10,000 Preferred Quadrant Well cost - low Deep Water Well cost - medium 1,000 Well cost - high Bass Browse (T/41P) Field size (boe) 100 Timor Sea Large Company Materiality Threshold Canning Gippsland 10 Bonaparte Carnarvon (Vic/P57) Perth Barrow Amadeus Eromang
Slide 16: A large prospect portfolio
A large prospect portfolio Risk Profileuse only Vic/P57 T/41P More likely oil Lower More likely gas Felix Sealion Scooter Felix Deep For personal Salsa Dalrymple Kangafish Nicholson Dexter Lucifer Glengarry Tamar Pembroke Humbug Hector Tolpuddle Higher 16
Slide 17: Gippsland; a prolific basin
Gippsland; a prolific basin For personal use only A great address ¾Historically Gippsland has highest exploration success rate in Australia. ¾Gippsland is the ‘oiliest’ basin in Australia while having world class reservoirs ¾Vic/P57 has been very lightly explored ¾Adjacent and on trend to numerous o
Slide 18: Exploration Vic/P57
Exploration Vic/P57 For personal use only At least eight prospects and leads defined by B 3D seismic A A B Sealion West Seahorse Wirrah Felix Moonfish Prospect Seahorse Prospect Oil & Gas Oil 18
Slide 19: Felix Prospect Analysis
Felix Prospect Analysis For personal use only Felix Prospect > 100 MMBbls Recoverable Potential ¾ The Felix prospect is located within Vic/P57 on the prolific Rosedale Fault oil trend, 7km from the producing Moonfish Oil Field ¾ Recent detailed mapping and an improved geological model have resulted
Slide 20: Completion of Prospect Analysis
Completion of Prospect Analysis For personal use only Felix Prospect; additional deeper prospectivity ¾ The Felix prospect is anticipated to contain the same productive horizons currently being exploited in the nearby Moonfish field. The same zones are oil-bearing in the Wirrah discovery on-trend wi
Slide 21: Sea Lion Prospect
Sea Lion Prospect Sealion For personal use only ¾ Adjacent and West Seahorse look-a-like except potentially larger and defined by 3D seismic Sea Lion West Seahorse ¾ Identical reservoirs with potential for additional coarse clastics reservoir at top Latrobe ¾ Tie-in to the West Seahorse development
Slide 22: Potential significant gas trend
Potential significant gas trend For personal use only Dexter Lead Lucifer A newly recognised Longtom play KangaFish Lucifer Lead Sperm Whale Patricia Lead Emperor Sweetlips Longtom • Gas play trend which includes Lucifer, Dexter Salsa Sunfish and Kangafish Lead Wirrah Tuna •On trend with newly devel
Slide 23: Exploration T41/P, Tasmania
Exploration T41/P, Tasmania For personal use only Bass Basin an exciting emerging petroleum province ¾ Shallow water (<80m) Trefoil Trefoil Rockhopper Rockhopper ¾ Shallow drilling targets ¾ Very lightly explored and large (2700 km2) ¾ The key ingredients for an active petroleum system ¾ Aggressive
Slide 24: T41/P; all the right ingredients
T41/P; all the right ingredients For personal use only New seismic has uncovered many new leads ¾ 15 leads currently identified from newly acquired 2200 km of seismic T/41P ¾ Seismic anomalies often indicative of hydrocarbons are associated with some leads ¾ Dalrymple anomaly on a number lines confo
Slide 25: Value Potential
For personal use only ¾ Corporate Summary ¾ Strategy Focus ¾ Value Potential 25
Slide 26: Value Potential
Value Potential For personal use only Vic/P57 Development and Tie In Potential with Sub Sea Development 600 Assumptions Previous Exploration Costs $A 51.49 million (1/7/09) Abandonment Costs for Sub-Sea Option $A 8 million 500 Oil Price WTI Price $US 80 bbl W Sh Premium 10% Road transport to refiner
Slide 27: Set to emerge as a Mid Cap Producer
3D Oil Limited For personal use only Set to emerge as a Mid Cap Producer April 2010