88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (March 2015)
15 slides from 88 Energy's investor presentation, Mar 24, 2015
Slide 1: Mines and Money March 2015 Presentation
For personal use only MINES AND MONEY MARCH 2015 PRESENTATION 1 ABN 80 072 964 179
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in these slides has been prepared by 88 Energy Limited (the “Company”). The information contained in these slides, the presentation made to you verbally and any other information provided to you (in writing or otherwise) in connection with t
Slide 3: Disclaimer (cont.)
Disclaimer (cont.) For personal use only Any failure to comply with this restriction may constitute a violation of securities laws. No action has been or will be taken by the Company that would permit a public offer of its securities in any jurisdiction in which action for that purpose is required.
Slide 4: Corporate Information
Corporate Information For personal use only KEY STATISTICS AS AT 17 MARCH 2015 Registered Office: Total Ordinary Shares: 1,139,846,023 Level 2, 5 Ord Street, Perth WA 6005 Listed Options ($0.02, 2/3/2018): 403,659,650 Unlisted Options: 99,525,087 Postal Address: PO Box 1674, West Perth WA 6872 Numbe
Slide 5: Overview and Why Energy NOW?
Overview and Why 88 Energy NOW? Compelling oil plays with unique logistics, market access, & fiscal incentives For personal use only • 99,360 acres onshore North Slope, Alaska with long 10 year lease term & low 16.5% royalty • Settlement of Icewine acquisition expected 2Q 2015 • Two world class obje
Slide 6: Case Study: Aurora
Case Study: Aurora (ASX:AUT) 2009 – 2014, 95 fold growth For personal use only Key Aurora 88Energy Statistics Asset Sugarkane, Icewine, Play Eagle Ford, multiple, Location Texas Alaska SEPT 2009 MAY 2014 Q2 2015 Leasehold 20,286 22,000 86,940 (Net acres) Resources 2C: 1P: 431MMbbl* (Net) 137MMBOE 12
Slide 7: Icewine, North Slope, Alaska Location Map & Explorers
Icewine, North Slope, Alaska Location Map & Explorers For personal use only Alaskan Explorers: 7
Slide 8: Icewine Essentials
Icewine Essentials For personal use only Located in North America’s premier petroleum province which hosts the largest oil field complex in North America • 88 Energy and partner, Burgundy Xploration, advantaged by a specialised and Early Mover Advantage technically-targeted low-cost strategic entry
Slide 9: Potential Fast Track Program
Potential Fast Track Program Utilising 75 – 85% Cash Rebates Phase I: For personal use only Icewine #1 : Vertical pilot well with core • De-risk HRZ shale oil play with a coring program • Optimise Phase II horizontal test • Proposed Total Depth: 11,500’ 3D Seismic Acquisition • Optimisation of shale
Slide 10: Common 'DNA' Tier US Shale Plays
Common ‘DNA’ Tier 1 US Shale Plays Unique Differential Characteristics For personal use only Common “DNA” includes Eagle Ford, TX Marcellus, PA • Overpressure Passive margin; calcite-rich Forearc ‘conventional’ • High effective permeability Exceptional overpressure shale Tier 1 “fracability” • Low v
Slide 11: Icewine, North Slope Unconventional Shale Oil Plays
Icewine, North Slope Unconventional Shale Oil Plays For personal use only Clinoform • Three prolific shales/ source rocks Hue/ HRZ Source Rocks • Unconventional • Hue Shale: • Hue / HRZ • includes HRZ primary target Clinoform • Kingak Shale • Kingak Shales • Shublik Shales Hue/ HRZ Hue/HRZ HRZ • Shu
Slide 12: Icewine Unconventional Resource Potential
Icewine Unconventional Resource Potential For personal use only ESTIMATED PROSPECTIVE OIL RESOURCE * PROSPECT ICEWINE (HRZ, HUE, KINGAK, & SHUBLIK SHALES) NORTH SLOPE, ALASKA RISKED UNRISKED (41% Probability) CASE LOW AVERAGE HIGH MEAN RISKED MEAN GROSS (MMBO) 244.3 446.4 813.2 492.5 200.3 88 Energy
Slide 13: Conventional Oil Potential
Conventional Oil Potential Alaska ranked #1 in North America For personal use only • Central North Slope ranked #1 in the USA for remaining conventional oil potential: • 4.0 BN barrels mean undiscovered recoverable resources, (excluding ANWR), USGS 2013 • 50+% of conventional prize is within the gre
Slide 14: Icewine High Impact Peer Exploration
Icewine High Impact Peer Exploration For personal use only 2012 Drilling: Encouraging results for Icewine • Alcor #1 and Merak #1 (Great Bear) • Hue/ HRZ, Kingak, and Shublik shales reported as in oil window • HRZ shale maturity supportive of desirable vapour phase sweetspot modelled in Icewine acre
Slide 15: Outstanding Investment Opportunity
Outstanding Investment Opportunity For personal use only Investment Thesis Oil-rich, dual conventional and unconventional super-giant opportunity, excellent US fiscal regime, with immediate global marketability, and world’s premier exploration incentives Strategic asset calibre for a National Oil Co