Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Excellence in Oil and Gas Conference - Sydney (April 2010)
17 slides from Red Sky Energy's conference presentation, Apr 20, 2010
Slide 1: Red Sky Energy Limited - Excellence in Oil and Gas Conference
For personal use only Red Sky Energy Limited Presentation to: Excellence in Oil and Gas Conference - Sydney Murray Durham, Executive Director 20th April 2010
Slide 2: Topics
Topics For personal use only • Red Sky Energy • Why explore for CSG? • Northern NSW drilling • Central Queensland exploration potential • Summary
Slide 3: Red Sky Energy
Red Sky Energy For personal use only Key attributes: – Focus: CSG and unconventional gas – Materiality: target portfolio with potential for 50tcf gas-in-place – Diversity: portfolio of holdings across a number of basins – Acreage: major acreage position in several basins – Location: potential supply
Slide 4: Why is Red Sky investing in CSG?
Why is Red Sky investing in CSG? For personal use only Resource Potential • most coal basins have been proven to work for CSG Lower discovery risk • extent of coals well known from coal exploration Lower cost of exploration • targeted spend, cores <$1m, pilots < $5m Technology levers constantly emer
Slide 5: Planned (near term) exploration
Planned (near term) exploration For personal use only PEL 467 in Surat Basin ATP 946 in Eromanga Basin • Northern NSW • Central QLD
Slide 6: PEL (Northern NSW)
PEL 467 (Northern NSW) For personal use only • One core hole planned • Planned spud date June • Targeting Rolling Downs Cretaceous coals • Gas reported in water bores • Based on forecast average coal thickness of 4m – potential for 7tcf gas-in-place
Slide 7: ATP 946P (Central Qld)
ATP 946P (Central Qld) For personal use only • Eastern side of the Eromanga basin. • Permit subject to Native Title • Targeting Cretaceous Winton Formation • Winton Coal Measures are present from surface to depths of 800m and with a likely thickness of 400-600m • Net coal accumulations (based on ava
Slide 8: ATP 946P Exploration History
ATP 946P Exploration History For personal use only Exploration in the Eromanga Basin, proximal to ATP 946P, has primarily been completed by: – Sentry Petroleum Limited – Holds an interest in the four permits (ATP 863, 864, 865 and 866) surrounding the tenement; – Bow Energy Limited – Holds an intere
Slide 9: Talundilly-1
Talundilly-1 For personal use only Talundilly-1 (located in ATP862 – Sentry Petroleum Limited) intersected: • 25m of coal at depths ranging from 200 to 450m; • Vitrinite reflectance of the Winton Formation to be Romax 0.47 - 0.53%. Likely that CSG would be a product of biogenic processes. Using an i
Slide 10: Bow Energy Limited
Bow Energy Limited For personal use only Drilling of two CBM exploration wells in ATP560 and ATP794 completed in the first quarter of 2009. Both wells drilled to ~400m in depth and intersected 5.72m and 22.34m of net coal. Final gas desorption reports are currently unavailable but BOW have indicted
Slide 11: ATP 946P Structure
ATP 946P Structure • Within ATP946 there are three significant For personal use only structural elements: Powell Depression – trends NE-SW through the centre of the tenement, roughly from Grey Range 1 to Banmirra 1; Cothalow Anticline – trends NE-SW, through Milo 1 and down through the SW corner of
Slide 12: Grey Range Lithology Log
Grey Range 1 Lithology Log For personal use only Grey Range 1 is located just outside the north eastern corner of ATP 946 and is believed to lie within the Powell Depression. 11 seams were identified, with seams varying in thickness from 0.3 m to 4.57 m, totaling approximately 15.4m of net coal. The
Slide 13: Banmirra Lithology Log
Banmirra 1 Lithology Log For personal use only Banmirra 1 lies near the western edge of ATP 946 in the Powell Depression. 29 seams were identified, with seams varying in thickness from 0.3 m to 1.85 m, totaling approximately 27.5m of net coal. The seams span an interval of 460m from 228 m to 690 m,
Slide 14: Net Coal Thickness
Net Coal Thickness For personal use only Grey Range 1 and Banmirra 1 are believed to lie within the Powell Depression. NOTE: Red Sky believes that the thick coals also occur between Grey Range 1 and Banmirra 1 in the Powell Depression.
Slide 15: ATP946 Potential Gas Resource
ATP946 Potential Gas Resource For personal use only Based on available geological information and proximal boreholes in the surrounding tenements it is estimated that the net coal thickness may be up to 25m, with an ATP average of 8m. An estimate of potential Gas-In-Place can be inferred from the fo
Slide 16: Summary
Summary For personal use only Red Sky is focussed on defining a material CSG resource CSG - high resource potential to meet developing market Northern NSW • One core hole planned for June 2010 • Sample coals in the Cretaceous Rolling Downs Group • Estimated potential for 7 tcf GIP Central Queensland
Slide 17: Disclaimer
Disclaimer For personal use only The information presented herein contains predictions, estimates and other forward looking statements that are subject to risk factors that are associated with the oil and gas business. Certain information in this presentation has been derived from third parties and,
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