Geo Exploration Limited · LSE:GEO
Geo Exploration — Global Petroleum — Investor Presentation (May 2022)
20 slides from Geo Exploration's investor presentation, May 16, 2022
Slide 1: Global Petroleum Limited Corporate Presentation
Global Petroleum Limited Corporate Presentation May 2022 High-Impact Exploration in Namibia 1
Slide 2: Disclaimer
Disclaimer These materials are strictly confidential and are being supplied to you solely for your information and should not be reproduced in any form, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, by any medium or for any purpose. Failur
Slide 3: Overview
Overview Experienced Team • Experienced management team and Board • Team has experience in Namibia going back to 2003 and in Italy back to the 1980s Highly prospective acreage • Global has a 78% Participating Interest as operator in the highly prospective PEL94 exploration licence offshore Namibia,
Slide 4: Namibia
Namibia 4
Slide 5: Oil & Gas in Namibia
Oil & Gas in Namibia • Stable jurisdiction, excellent fiscal terms • Complete transformation in prospects for oil exploitation • Onshore NE Namibia ReconAfrica found oil shows in 2 stratigraphic wells • Shell’s Graff-1 well confirmed as a significant light oil discovery in February 2022 – press repo
Slide 6: Global Petroleum in Namibia
Global Petroleum in Namibia • Global’s licence PEL94 is 5798 sq. km in area • Global holds a 78% interest and is operator • State oil company Namcor and local company Aloe, have carried interests of 17% and 5% respectively • Remaining commitment to acquire 2,000 km² 3D seismic data • 1 year extensio
Slide 7: Aptian "Kudu Shale" Source Rock: Mapped into PEL94
Aptian “Kudu Shale” Source Rock: Mapped into PEL94 • Barremian-Aptian ‘Kudu Shale’ source rock regionally developed: likely source rock for the Venus and Graff oil discoveries and possibly the Kudu gas discovery in Namibia and the Brulpadda & Luiperd discoveries in South Africa • Proven in the Walvi
Slide 8: Aptian "Kudu Shale" Source Rock: More than Enough Oil to Fill Prospects
Aptian “Kudu Shale” Source Rock: More than Enough Oil to Fill Prospects Transformation Ratio @ 0 Ma • Petroleum system modelled by Global and IGI • Reference model calibrated to temperature data and assumes a quiescent post-rift margin • Source rock mature in and around PEL94 • Very large volumes of
Slide 9: Petroleum System in PEL94
Petroleum System in PEL94 • Source rock expelling oil and gas in the graben and hydrocarbons migrate either laterally into Welwitschia Deep or up the faults into the Upper Cretaceous reservoirs • The gas appears to carry on up into the shallow section (shallow gas anomalies on seismic) and to the se
Slide 10: Prospective resources report January 2021 PEL94 Prospects and Leads
Prospective resources report January 2021 PEL94 Prospects and Leads Welwitschia Monkeythorn Puzzlebush Acacia Plum Deep Deep West Plum Plum East West Quiver Tree North Quiver Sandcastle Tree Corkwood Marula Plum South Area of 3D Plum Quiver seismic data Tree Ana South Puzzlebush East Albian carbonat
Slide 11: Prospective resources report January 2021 PEL94 Prospects and Leads
Prospective resources report January 2021 PEL94 Prospects and Leads Gross Net Attributable Risk Risked Prospective Resources Prospective Resources (NAPR) Factor NAPR in within PEL0094 within PEL0094 PEL0094 Risked net 1U 2U 3U 1U 2U 3U 2U Prospects or Low Best High Mean Low Best High Mean Best Leads
Slide 12: Namibia PEL 94: Welwitschia Deep prospect
Namibia PEL 94: Welwitschia Deep prospect PEL 94: Top Albian carbonates depth map • Albian carbonates in a very large fault and dip-closed trap • Mapped on 3D seismic data PEL 94: 3D seismic line across the Welwitschia Deep Marula prospect • Best estimate (P50) unrisked prospective resource 671 MMbb
Slide 13: Namibia PEL 94: Marula prospect
Namibia PEL 94: Marula prospect • Upper Cretaceous sandstones mapped on 3D seismic data in a distal pinchout trap • Strong, soft amplitude and AVO anomaly conforming to structure down-dip, with Rp vs Rs work confirming that amplitude anomaly likely to be caused by a change in fluid fill (e.g. oil) •
Slide 14: Italy
Italy 14
Slide 15: Global Petroleum Italy
Global Petroleum Italy • Global submitted applications for 4 permits in the southern Adriatic in 2013 • Proven hydrocarbon basin: - In Italy there is the Aquila field plus the Giove, Medusa, Falco & Rovesti discoveries - In offshore Albania, Montenegro and Croatia there are also other discoveries or
Slide 16: Corporate Overview
Corporate Overview 16
Slide 17: Global Petroleum Limited: a snapshot
Global Petroleum Limited: a snapshot • Listed on London’s AIM: ticker code GBP • Market capitalisation US$5.5 million (£4.5 million)* • Successfully raised a total of US$4.6 million September 2020 - August 2021 to progress the PEL94 exploration licence and for general corporate purposes • Cash of US
Slide 18: Summary
Summary Experienced Team • Management team with experience in Namibia going back to 2003 and in Italy back to the 1980s Highly prospective acreage • Global has a 78% Participating Interest as operator in the highly prospective PEL94 exploration licence offshore Namibia, which has excellent fiscal te
Slide 19: Board of Directors
Board of Directors John van der Welle Mr van der Welle has 30 years oil industry experience, having previously qualified as a Chartered Accountant with Arthur Andersen in 1981. He is also a member of the Association of Corporate Non-Executive Chairman Treasurers and the Institute of Taxation. After
Slide 20: Board of Directors
Board of Directors Mr Draffin is a chartered accountant with over 17 years’ experience in financial reporting, Andrew Draffin, Company treasury management and corporate advisory services. He currently provides services as a Secretary & Non-Executive Director, Company Secretary and CFO to ASX listed,