3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2023)
31 slides from 3d Energi's shareholder meeting presentation, Nov 24, 2023
Slide 1: Annual General Meeting
For personal use only Junior explorer, world-class prospects ANNUAL GENERAL MEETING Mr Noel Newell Executive Chairman 3D Oil Limited (ASX: TDO) Midday 24 November 2023 RSM Australia Collins Street 1 Melbourne
Slide 2: Disclaimer
Junior explorer, world-class prospects DISCLAIMER This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and For personal use only uncertainties which could cause actual values, results, performa
Slide 3: 3D Oil - Investment Summary
Junior explorer, world-class prospects 3D OIL - INVESTMENT SUMMARY World-Scale Prospects, Super-Major Joint Venturer, Two funded wells, Attractive Valuation and Pipeline of Catalysts Multi-TCF Gas Prospects identified1 For personal use only • Gross Prospective Gas Resource exceeding 12Tcf across 4 l
Slide 4: Corporate Overview
Junior explorer, world-class prospects CORPORATE OVERVIEW An experienced operator with a high-impact portfolio of offshore Australian exploration permits. For personal use only Shares on Issue Share Price Market Cap 265.4m 5.6¢ 14.86m WA-527-P (100%) October 2023 Bedout Sub-Basin Cash Balance Capita
Slide 5: FY23 Exploration Highlights
Junior explorer, world-class prospects FY23 EXPLORATION HIGHLIGHTS The Joint Venture is rapidly progressing towards drilling in 2025. ’22-’23 Significant milestones have For personal use only been achieved over the course of FY23 as the Joint Venture progresses towards drilling in the Otway. Increas
Slide 6: Pathway Towards Commercialisation
Junior explorer, world-class prospects PATHWAY TOWARDS COMMERCIALISATION The Joint Venture is rapidly progressing towards drilling in 2025. 2023 2024 2025 2026 - 2028 For personal use only Final prospect inventory Sequoia 3D survey Sequoia 3D survey and selection of final La Bella 3D survey La Bella
Slide 7: 3D Oil Is Climbing the Value Chain
Junior explorer, world-class prospects 3D OIL IS CLIMBING THE VALUE CHAIN 3D Oil is progressing its work programs by attracting key joint venturers to realise value for shareholders. use only Traditional value lift pyramid for oil and gas companies Value realisation Development & production Increasi
Slide 8: Victoria Is Rapidly Depleting Its Natural Gas Reserves
For personal use only Junior explorer, world-class prospects VICTORIA IS RAPIDLY DEPLETING ITS NATURAL GAS RESERVES… Victoria’s demand for gas is higher than any other state Some applications of natural gas ✓ Electricity generation (supporting emissions reduction) ✓ Heating / Cooling (hospitals etc.
Slide 9: Victoria Forecast to Become a Net Importer of Gas from 2027
Junior explorer, world-class prospects The projected shortfall for Victoria in 2027 cannot be supplied by other jurisdictions because there is a projected shortfall of For personal use only gas across all of Australia’s southern states in 2027. UNLESS NEW SUPPLY IS DEVELOPED, VICTORIA IS FORECAST TO
Slide 10: The Opportunity – East Coast Gas Demand Is Strong
Junior explorer, world-class prospects THE OPPORTUNITY – EAST COAST GAS DEMAND IS STRONG All evidence points to strong future demand for east coast gas. ▪ AEMO forecasts a supply gap of 100PJ from the mid-2030s even with a significant diversion from For personal use only LNG in the north. ▪ Coincide
Slide 11: 3D Oil Proximal to East Coast Gas Market / Infrastructure
Junior explorer, world-class prospects 3D OIL PROXIMAL TO EAST COAST GAS MARKET / INFRASTRUCTURE 3D Oil is a significant player in Australian offshore east coast gas exploration. For personal use only Caroline 57% Project TDO 43% Bass Strait Other exploration permits by area1 VIC/P79 VIC/P74 22% T/4
Slide 12: 3D Oil Has a Strong Portfolio of Gas Prospects
For personal use only Junior explorer, world-class prospects 3D OIL HAS A STRONG PORTFOLIO OF GAS PROSPECTS 12
Slide 13: Significant Prospective Resources
Junior explorer, world-class prospects SIGNIFICANT PROSPECTIVE RESOURCES 12 Tcf gross prospective resource have been identified in 3D Oil exploration permits across Bass Strait. VIC/P791 VIC/P742 For personal use only 533 1.8 3D seismic 3D seismic Bcf Caroline Project Tcf Best Estimate Best Estimate
Slide 14: 3D Oil Prospective Resources in Context
Junior explorer, world-class prospects 3D OIL PROSPECTIVE RESOURCES IN CONTEXT 12 Tcf gross prospective resource have been identified in 3D Oil exploration permits across Bass Strait. For personal use only Annual consumption of gas in Victoria – 2022 214.5 PJ2 Source: AEMO Victorian Gas Planning Rep
Slide 15: High Success Rate Drilling Seismic Amplitudes in the Otway Basin
Junior explorer, world-class prospects HIGH SUCCESS RATE DRILLING SEISMIC AMPLITUDES IN THE OTWAY BASIN Otway Basin has an outstanding success rate drilling amplitude supported prospects. For personal use only 88% success rate drilling amplitude supported prospects 10 6% ▪ Many early exploration fai
Slide 16: Right Location – Low Risk Drill Targets
Junior explorer, world-class prospects RIGHT LOCATION – LOW RISK DRILL TARGETS VIC/P79 permit map showing leads and prospects ✓ Proximal to La Bella gas For personal use only discovery. ▪ Strong amplitude support ✓ Low risk drill targets with direct hydrocarbon indicators La Bella ▪ Strong amplitude
Slide 17: Right Location – Seismic Amplitude Supported Prospect Inventory
Junior explorer, world-class prospects RIGHT LOCATION – SEISMIC AMPLITUDE SUPPORTED PROSPECT INVENTORY Cross section A-A’ through the La Bella Complex LA BELLA 1 VIC/P79 A’ VIC/P73 ✓ Proximal to La Bella gas A LA BELLA COMPLEX For personal use only discovery. Monarch ▪ Strong amplitude support Belfa
Slide 18: Right Location – Proximal to Infrastructure
Junior explorer, world-class prospects RIGHT LOCATION – PROXIMAL TO INFRASTRUCTURE ✓ High value drill targets are proximal to existing infrastructure For personal use only ✓ Otway Gas Plant ▪ Operated by Beach Energy ▪ Connects Thylacine/Geographe and Halladale/Speculant gas fields ▪ Daily capacity:
Slide 19: Partnered for Success
For personal use only Junior explorer, world-class prospects PARTNERED FOR SUCCESS 3D OIL HAS ESTABLISHED JOINT VENTURES WITH CONOCOPHILLIPS AUSTRALIA IN THE OTWAY 19
Slide 20: Benefits of the JV with ConocoPhillips Australia
Our JV with ConocoPhillips Australia has many benefits for 3D Oil. For personal use only Farmout deals: cash, seismic, wells Operational synergies between Otway permits Risk management World class operator Experience delivering commercial projects Access to world class expertise, systems, processes
Slide 21: Otway Exploration Drilling Program
Junior explorer, world-class prospects OTWAY EXPLORATION DRILLING PROGRAM 2025 exploration drilling program largely funded by Joint Venture partner ConocoPhillips Australia1. Planning is advanced towards For personal use only the proposed drilling of up to PHASE 1 PHASE 2 6 exploration wells in the
Slide 22: Unlocking Hidden Prospectivity on the NW Shelf: Sauropod MC3D Seismic Survey
For personal use only Junior explorer, world-class prospects UNLOCKING HIDDEN PROSPECTIVITY ON THE NW SHELF: SAUROPOD MC3D SEISMIC SURVEY 22 Ramform Titan, image courtesy of PGS
Slide 23: WA-527-P – Bedout Sub-Basin, Northwest Shelf
Junior explorer, world-class prospects WA-527-P – BEDOUT SUB-BASIN, NORTHWEST SHELF For personal use only 3D Oil has identified significant oil prospectivity Project equity Rowley across an area adjacent to Sub-Basin Dorado, the largest Australian oil discovery on the NW shelf 100% Broome in 30 year
Slide 24: Sauropod MC3D Seismic Survey Planning
Junior explorer, world-class prospects SAUROPOD MC3D SEISMIC SURVEY PLANNING A A’ For personal use only Planning of the Sauropod 3D Dorado analogy seismic survey is advanced, and the Environmental Plan will allow for acquisition in 2024 or 2025. Canyon system at Dorado Field1 3447km2 Sauropod 3D sei
Slide 25: Forward Catalysts
Junior explorer, world-class prospects FORWARD CATALYSTS 3D Oil is progressing its work programs to realise value for shareholders. 2024 For personal use only 2023 PROJECT MILESTONES Q3 Q4 Q1 Q2 3D seismic reprocessing VIC/P79 3D seismic interpretation Sequoia 3D processing T/49P Otway Sequoia 3D in
Slide 26: High Quality Exploration Portfolio
High quality exploration portfolio For personal use only Proximal to undersupplied gas market Outstanding portfolio of potential drill targets with significant prospective resources (12 Tcf gross) Lower risk near-field exploration Strong Joint Venture relationship with ConocoPhillips Australia ~A$10
Slide 27: Contact Us
For personal use only Junior explorer, world-class prospects CONTACT US ANNUAL GENERAL MEETING Noel Newell Executive Chairman info@3doil.com.au +61 3 9650 9866 3D Oil Limited │ Melbourne, VIC 3000 3doil.com.au │ ASX: 27 TDO
Slide 28: Notes on Petroleum Resource Estimates
Junior explorer, world-class prospects NOTES ON PETROLEUM RESOURCE ESTIMATES Prospective Resources Under the SPE PRMS 2018, Prospective Resources are “those quantities of petroleum that are estimated, as of a given date, to be potentially recoverable from undiscovered For personal use only accumulat
Slide 29: Portfolio Summary T/49P (20%)
Junior explorer, world-class prospects PORTFOLIO SUMMARY T/49P (20%) Otway Basin Oil & Condensate (MMbbls) Gas (Bcf) Barrels of Oil Equivalent (MMBOE) Low Best High Low Best High Low Best High Gross Prospective Resources (Recoverable) Flanagan 6.4 16.1 32.8 530 1340 2740 102.1 258.1 527.7 Seal Rocks
Slide 30: Portfolio Summary T/49P (20%) – Net Prospective Resources
Junior explorer, world-class prospects PORTFOLIO SUMMARY T/49P (20%) Otway Basin Oil & Condensate (MMbbls) Gas (Bcf) Barrels of Oil Equivalent (MMBOE) Low Best High Low Best High Low Best High Net Prospective Resources (Recoverable) Flanagan 1.3 3.2 6.6 106 268 548 20.4 51.6 105.5 Seal Rocks 2.3 11.
Slide 31: Experienced Team in Delivering Oil & Gas Projects
Junior explorer, world-class prospects EXPERIENCED TEAM IN DELIVERING OIL & GAS PROJECTS A diverse and highly experienced management team with a proven track record developing and operating significant oil and gas projects. For personal use only Mr Noel Newell Mr Ian Tchacos Executive Chairman Non-E