Maverick Minerals Australia Ltd · ASX:M96
Maverick Minerals Australia — Exoma Energy — Shareholder Meeting (November 2012)
14 slides from Maverick Minerals Australia's shareholder meeting presentation, Nov 29, 2012
Slide 1: CEO Presentation AGM 29 November 2012
C E O P R E S E N TAT I O N AGM 29 NOVEMBER 2012
Slide 2: Exoma Energy Limited - ASX listed petroleum exploration company
EXOMA ENERGY LIMITED AN ASX LISTED PETROLEUM EXPLORATION COMPANY PRINCIPAL ACTIVITIES Conduct of exploration operations in petroleum tenements over the Galilee and Eromanga Basins in Central Queensland in search of commercially producible hydrocarbons in coals, shales and sandstones ISSUED CAPITAL 4
Slide 3: 2012 Program
2012 PROGRAM Exoma operated a large-scale exploration program targeting three independent resource plays across 5 large permits, covering 27,000 sq kms of the Galilee and Eromanga Basins: Twelve exploration wells drilled in a safe, efficient 2-rig program – fully funded by the CNOOC Gas & Power farm
Slide 4: Map of 2011 and 2012 Well Locations
MAP OF 2011 AND 2012 WELL LOCATIONS The 2011 and 2012 exploration strategy has been to explore the potential of the Galilee and Eromanga Basin acreage as a whole. The exploration objective is to understand and characterise the three independent resource plays – CSG, shale oil / gas and conventional
Slide 5: HSE Performance
HSE PERFORMANCE Integrated Management System implemented to ensure safe work performance and good environmental outcomes 110,482 hours worked in 12 months to 31 October 2012 » »77,524 hours field operations (staff and contractors) » »32,958 hours office Excellent safety and environmental outcomes »
Slide 6: Community and Landholders
COMMUNITY AND LANDHOLDERS Exoma is proactive in the communities in which it operates » »Co-ordinating its activities with local government » »Supporting local businesses and providing employment • •In 2012 $2 million was spent in the local communities » »Attending community functions to listen to lo
Slide 7: CSG
CSG The 2012 CSG exploration program consisted of 6 core wells testing the Permian Betts Creek and Aramac coal measures. The exploration objective is to test the CSG potential of the Betts Creek and Aramac coal measures across the central part of the Galilee Basin. Wells were located to test a range
Slide 8: CSG - Results to Date
CSG - RESULTS TO DATE The results of the 2011 and 2012 exploration show consistently low raw gas contents of between 1 and 4 m 3/tonne - 2012 wells record between 1 and 2 m 3/tonne. The coal analysis data to date shows very low gas saturation. Analysis of the cores and logs indicates that the coal m
Slide 9: Shale Oil & Gas Exploration
SHALE OIL & GAS EXPLORATION 2012 Toolebuc Formation exploration wells: » »4 shale core wells » »8 shale chip wells (5 twin target with CSG wells) Exploration objective is to obtain data across 20,000 sq kms of permit area to characterise the organic rich Toolebuc shale as an oil and gas resource and
Slide 10: Conventional Sandstones
CONVENTIONAL SANDSTONES Katherine West-1 drilled in ATP 999P as a follow-up of Katherine-1. The well cored and tested the target reservoirs, the Adori and Hutton sandstones. The core contained residual oil in a tight reservoir band at the top of the Adori sandstone. Elsewhere the core showed ‘spotty
Slide 11: Conventional Oil Prospect Map
CONVENTIONAL OIL PROSPECT MAP Prospect / Lead P50: OIP Katherine East 41 mmbbls Corona North 19 mmbbls Harmony 53 mmbbls Hatrick 25 mmbbls Ffestiniog 12 mmbbls 11
Slide 12: New Ventures
NEW VENTURES Exoma continually evaluates new business opportunities that leverage off the Company’s exploration experience, operating capability and broad technical knowledge base. The Company has a senior geosciences team with experience across all the producing Australian basins and a proven capac
Slide 13: 2013 Program
2013 PROGRAM Galilee and Eromanga Basins Subject to confirmation of the 2013 JV Program and Budget: » »Conventional Oil Drill and test two oil prospects: • Harmony ATP 999P [P50: 53 mmbbls OOIP] • Katherine East ATP 999P [P50: 41 mmbbls OOIP] » »Shale Oil Drill and test up to four shale appraisal we
Slide 14: CNOOC Farmout & Placement
CNOOC FARMOUT & PLACEMENT Announced on 10 September: » »CNOOC to increase stake in Exoma’s Australian ATP’s from 50% to 60% under a supplemental farmin with CNOOC carrying $12.7 million of Exoma’s share of joint venture expenditure; » »CNOOC to subscribe for up to 19.9% of Exoma’s issued capital, be