Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Carnarvon Petroleum — Corporate Update (February 2018)
12 slides from Carnarvon Energy's corporate update, Feb 13, 2018
Slide 1: Labyrinth Project – Marketing Presentation
Labyrinth Project – Marketing Presentation 13 Feb 2018 As a follow up to the Labyrinth Project Prospective Resource Update (available here), which was released to the market on 7th February 2018, Carnarvon Petroleum is pleased to provide the following presentation which contains some additional info
Slide 2: The Ivory Prospect – A Standout Oil Opportunity
The Ivory Prospect – A Standout Oil Opportunity WA-521-P Contact: Dr Jeff Goodall JGoodall@cvn.com.au
Slide 3: Opportunity Overview - Agenda
Opportunity Overview - Agenda • Introduction • Play concepts • Late Triassic source rocks • Ivory Prospect – standout oil opportunity • Follow-up exploration • Permit terms • 3D seismic option for farminee 2
Slide 4: Introduction
Introduction • Under-explored does not mean “non-prospective” • Recent regional insights re-evaluate hydrocarbon charge, particularly in relation to the Triassic • Ivory Prospect – standout dual target oil opportunity 420mmbbls mean recoverable) in 350 metres water depth – P90 recoverable volumes ar
Slide 5: Introduction
Introduction Prospectivity of the Rowley Sub-basin has been upgraded • A new Late Triassic source rock is identified from the recent Anhalt-1 and Hannover South-1 well results – Birds Head area of West Papua, Indonesia and Timor Island are working analogues • Three mature source rock intervals with
Slide 6: Play concepts
Play concepts 100 km WA-521-P Thick Mid-Jurassic to Cretaceous seals in place Ivory-1 prior to hydrocarbon charge in Rowley Sub-basin A A’ Top Lower Depuch A A’ 2680m Top Upper Bedout Lower Depuch M.Jurassic Murat Siltstone and Athol Formation seals 4300m U.Bedout L.Jurassic L. Bedout U.Triassic Upp
Slide 7: Late Triassic source rocks
Late Triassic source rocks New geochemical analysis Platform Platform carbonates carbonates • New proprietary geochemical analysis of Anhalt-1 and Hannover South-1 revealed high TOC and high HI source rocks related to algal and carbon-rich material • Visual kerogen analysis reveals algal rich (phyto
Slide 8: Late Triassic source rocks
Late Triassic source rocks Upper Keraudren and Lower Bedout Formations Cainozoic TIMOR U.Cretaceous Mixed carbonate-clastic source rock HANNOVER SOUTH-1 Forestier Muderong L.Cretaceous STEEL DRAGON-1 ANHALT-1 Hannover South-1 HUNTSMAN-1 Ivory U.Jurassic Dingo / Egret EAST_MERMAID-1B/ST1 Anhalt-1 Low
Slide 9: Ivory Prospect – standout oil opportunity
Ivory Prospect – standout oil opportunity Top Lower Depuch • Dual Targets: Two large structural traps that can be drilled with one well Ivory • New Source Rocks: Mixed clastic-carbonate Triassic source rocks identified, currently in the oil window. Comparable working analogues • Reservoir/Seal: Pala
Slide 10: Ivory Prospect – standout oil opportunity
Ivory Prospect – standout oil opportunity Top Lower Depuch WD 350m Ivory Top Muderong shale Ivory (crest at 2680m TVD) Ivory Top Lower Depuch Top Upper Bedout Ivory Deep Top Upper Bedout Ivory Deep (crest at 4300m TVD) Ivory Deep 3D visualisation of top reservoir N Reprocessed 2D seismic data courte
Slide 11: Ivory Prospect – standout oil opportunity
Ivory Prospect – standout oil opportunity With material follow up opportunities Prospective recoverable resources for key prospects and leads at Pmean Top Lower Depuch Formation Top Upper Bedout Formation 450 400 Lower Depuch Formation Upper Bedout Formation 350 300 250 200 Ivory 150 Deep Mouse Deep
Slide 12: Permit terms
Permit terms March 2016 March 2019 March 2020 March 2021 March 2022 Awarded 29 March 2016 (Currently in Permit Year 2) PY 1 - 3 PY4 PY5 PY6 Permit Year Minimum Work Requirements Estimated Expenditure Now Constant dollars ---No Commitment Wells !--- (indicative only) $AU Years 1-3 March 2016 to Licen
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