Emperor Energy Ltd · ASX:EMP
Emperor Energy — RIU Good Oil Conference 2023
22 slides from Emperor Energy's conference presentation, Sep 7, 2023
Slide 1: Judith Gas Field Appraisal & Exploration Opportunity
Judith Gas Field Appraisal & Exploration Opportunity 2.2 Tcf P50 Prospective Recoverable Gas Resource 198 Bcf 2C Contingent Resource RIU Good Oil Conference 7th September 2023 1
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER • This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Emperor Energy Limited ABN 56 006 024 764 (ASX: EMP). The material provided to you does not constitute an invitation, solicitation
Slide 3: Introducing Emperor Energy Team
Introducing Emperor Energy Team A team of experienced E&P and corporate professionals Phil McNamara Carl Dumbrell Nigel Harvey Malcolm King Geoff Geary Director Director Director Project & BD Geological Consultant Consultant • 37 years in the • Chartered • Former investment • ~30 years’ experience •
Slide 4: Gippsland Basin, 40km offshore
Gippsland Basin, 40km offshore New pipeline to shore at Orbost would provide access to East Coast domestic gas market 4
Slide 5: Judith-1 discovered multiple stacked reservoirs
Judith-1 discovered multiple stacked reservoirs • Judith & Longtom Gas Sands: – 1.627 TCF (P50) Prospective Recoverable Resource (unrisked) – Plus additional 2C Contingent Resource of 198 BCF (P50) Recoverable • Kipper and Golden Beach Sands – Additional 622 BCF (P50) Prospective Recoverable Resourc
Slide 6: Emperor owns 100% of VIC/P47
Emperor owns 100% of VIC/P47 Judith appraisal well was due in August 2023. An application for Permit Extension has been submitted to NOPTA based on the Force Majeure event that has now resulted in a significantly more complex and extended Environmental Plan (EP) Stakeholder Consultation process acro
Slide 7: Gippsland Basin Stratigraphy
Gippsland Basin Stratigraphy • Judith and Longtom gas reservoirs – early rift fluvio-lacustrine Cenomanian sediments of the Emperor Subgroup • Kipper and Golden Beach Subgroup reservoirs – a secondary, developing play extending from Kipper Gas Field Golden Beach Subgroup (Kipper) Secondary Developin
Slide 8: VIC/P47 Structural Configuration
VIC/P47 Structural Configuration The shallowest Judith reservoir (JGS1) was interpreted to Longtom where it correlated with the Longtom 500 Gas Sand 8
Slide 9: Longtom-1 Well to Judith-1 Well Cross-section
Longtom-1 Well to Judith-1 Well Cross-section of Longtom and Judith reservoir sequences Longtom-1 Longtom-2 Longtom-4 SE Longtom-1 Judith-1 Flattened Top Ltom 500/ Top Judith 1 Ltom 500 sands thin or poorly developed across Longtom gas Ltom 500 Judith 1 field compared to JGS 1 & 2 section at Judith-
Slide 10: Recent Petrophysics Evaluation
Recent Petrophysics Evaluation • Evaluation recently completed by Steve Adams at TPL (The Petrophysicist Limited) • New methodology used for reservoir evaluation • Has been successfully applied by TPL at other gas field locations in the Gippsland Basin. • Quantitatively evaluated Judith-1 over the o
Slide 11: Order of Magnitude Increase in Average Permeabilities
Order of Magnitude Increase in Average Permeabilities Zone Depth Interpretation Net Porosity % Av. Permeability Av.Gas Saturation Thickness mD % Gas Sand 2370m to Mobile Gas 40.5 14.1 12.3 52.2 1 2441m Gas Sand 2489m to Mobile Gas 38.8 15.0 24.2 63.8 2 2543m Gas Sand 2626m to Mobile Gas 63.1 13.6 5.
Slide 12: Judith-1 to Judith-2 Appraisal Well Location
Judith-1 to Judith-2 Appraisal Well Location Judith-2 NW (proposed) Judith-1 ESE Base Campanian Volcanics -1778 m Base Golden Beach Sand -2077 m Top JGS 1 -2542 m Strzelecki Base JGS 2 Base JGS 4 Longtom Sands TD -3300 m Longtom Sands Top Turonian Volcanics
Slide 13: Vic/P47 Depth Map Judith Gas Sand 2 (AVO Class III)
AVO Class III Judith Gas Sand 2 Vic/P47 Depth Map Judith Gas Sand 2
Slide 14: Vic/P47 Depth Map Judith Gas Sand 2 (Shuey Fluid Factor)
Shuey Fluid Factor Judith Gas Sand 2 Vic/P47 Depth Map Judith Gas Sand 2
Slide 15: Vic/P47 Depth Map Judith Gas Sand 2 (AVO Class III)
AVO Class III Judith Gas Sand 4 Vic/P47 Depth Map Judith Gas Sand 2
Slide 16: Longtom demonstrates high flow rates from Emperor sands
Longtom demonstrates high flow rates from Emperor sands Increases positive likelihood of high flow rates from Judith-2 Longtom-H3 (2006) flow tested – L’tom 400 @ 30 MMscfd – L’tom 300, 200 & 100 @ 77 MMscfd Peak Longtom production flow rates of 56-77 MMscfd achieved from two horizontal wells: Longt
Slide 17: Judith-2 Appraisal Well
Judith-2 Appraisal Well Judith-2 appraisal well objectives: P90 dry hole well cost (including well test planning), from rig EOIs, of U$25m (semi-sub) 1. Prove up more contingent resource a) Drilling of Judith-2 in the Central Block is expected to • Semi-sub or jack-up rig (70m water depth) access an
Slide 18: Judith-2 Appraisal Well Seismic Cross-Section
Judith-2 Appraisal Well Seismic Cross-Section SW Judith South Block Judith-2 (proposed) NE Base Campanian Volcanics Top JGS 1 Rosedale Fault Base JGS 2 Base JGS 4 Judith-2 Longtom Sands (proposed) Ltom 200
Slide 19: Project Economics: Gas Pricing
Project Economics: Gas Pricing Sales Gas Price (Victoria ex-plant) AEMO Step Change forecast (A$/GJ) South East Supply Demand 400 Flow from North an d Moo mba 14 LNG i mports An tici pated Devel oped and Committed 12 Demand Supply / Demand (PJ/a) 300 Seasonal supp ly gap Sales gas price A$/GJ (2023,
Slide 20: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER • Competent Persons Statement. Consents • The Resources information in this ASX release is based on, and fairly represents, data and supporting documentation supplied in an Independent Technical Specialist’s Report (ITSR) prepared by 3D-GEO Pty Ltd. The preparation of t
Slide 21: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER • Under PRMS “Reserves” are those quantities of petroleum which are anticipated to be commercially recoverable from known accumulations from a given date forward. All reserve estimates involve some degree of uncertainty. The uncertainty depends chiefly on the amount of
Slide 22: Contact Details
Contact Details: Phil McNamara 0428409584 philmcnamara@outlook.com.au Carl Dumbrell 0402 277 282 carl@emperorenergy.com.au