3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Good Oil Conference 2013
22 slides from 3d Energi's conference presentation, Sep 5, 2013
Slide 1: 3D Oil Limited – Australia's next Oil Producer
3D Oil Limited For personal use only Australia’s next Oil Producer Good Oil Conference - Fremantle 4 September 2013
Slide 2: Important Disclaimer
Important Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achie
Slide 3: Agenda
Agenda For personal use only 1. 3D Oil Overview 2. West Seahorse Development 3. VIC/P57 Exploration 4. New Field Exploration (T/49P) 5. Conclusion Page 3
Slide 4: 1. 3D Oil Overview
For personal use only 1. 3D Oil Overview 4 Page 4
Slide 5: 3D Oil Snapshot
3D Oil Snapshot For personal use only An oil and gas company with exciting development plans and strong growth potential. Key Assets • Key asset is 49.9% of VIC/P57 offshore permit – Planned development: West Seahorse oil field (9.2mmbbl, 2C) – Leading prospects: Sea Lion and Felix • New gas explora
Slide 6: 2. West Seahorse Development
For personal use only 2. West Seahorse Development 6 Page 6
Slide 7: West Seahorse Field
West Seahorse Field For personal use only Estimated to contain 2C contingent resources of 9.2 mmbbl. Overview Resource mmbbl • Located 14km offshore from the coast • 35m of water • 1,400m drilling depth • Reserves contained within two high quality reservoirs • Neighbouring and near identical Seahors
Slide 8: Development Plan is now locked in
Development Plan is now locked in For personal use only Offshore production is planned using a MOPU, FSO and Calm Buoy. • Two production wells – Drilled and completed by a Modular Drilling Rig – Wells be completed on the Mobile Offshore Production Unit (MOPU) • Production will be via a MOPU (Leased)
Slide 9: West Seahorse Development has a rig
West Seahorse Development has a rig For personal use only West Seahorse JV purchases jack-up • The Britannia is a large 4 leg jack-up rig that will be converted to a MOPU ¾ Suited to the harsh operating conditions of the Bass Strait ¾ Previously working long term for Shell in the North Sea ¾ Purchas
Slide 10: West Seahorse – Indicative Economics
West Seahorse – Indicative Economics For personal use only West Seahorse has high early production with <1 year payback. • Production metrics Illustrative production profile ¾ 2 well production at 12,000 bopd 16000 ¾ Economic field life is expected to be 4 to 6 years 16 1 OPT Cumulative Oil Producti
Slide 11: 3D Oil remains on target for drilling within months
3D Oil remains on target for drilling within 12 months For personal use only Key next steps are FID and financing prior to commencing drilling in late 2014. Significant progress has been made in 2013 2012 1H 2013 Current • Hibiscus farmin (December) • Preliminary Field Development • Production Licen
Slide 12: 3. VIC/P57 Exploration
For personal use only 3. VIC/P57 Exploration 12 Page 12
Slide 13: Exploration targets
Exploration targets For personal use only VIC/P57 is located on trend of a prolific ‘sweet spot’ in the Gippsland Basin, - with an historical success rate in the region of better than 2 in 3. ¾ The permit was renewed in August 2011, and covers approximately 483km2 ¾ 2 significant prospects identifie
Slide 14: Sea Lion Prospect
Sea Lion Prospect For personal use only Sea Lion has a best estimate prospective resources of 11 mmbbl. • Sea Lion targets the Upper Latrobe group On trend with the oil discoveries in region reservoirs, similar to the West Seahorse field – An independent expert has reviewed the seismic Sea Lion inte
Slide 15: Felix Prospect
Felix Prospect For personal use only Felix has the best oil address in Australia. • Large inversion feature along the Rosedale Fault Lakes Entrance Felix System with potential for large oil reserves Lakes Entrance Felix • Located between two oil fields (Wirrah and Top Latrobe Top Latrobe P1 coal Moo
Slide 16: Near Field Exploration – Hippo
Near Field Exploration – Hippo For personal use only • Hippo is feature within the greater West HIPPO Seahorse closure • Potential for sand development in N-0 sand (mistakenly termed the Gurnard Formation) which was poorly developed in Wardie-1 but contained oil • Within the Hippo and Wardie lobes t
Slide 17: 4. New Field Exploration (T/49P)
For personal use only 4. New Field Exploration (T/49P) 17 Page 17
Slide 18: T/49P Overview
T/49P Overview For personal use only 3D Oil is currently 100% equity holder in T/49P • Interpreted to contain all the geological A potentially significant Australian gas province elements required for sizeable accumulations of hydrocarbons – Adjacent Thylacine (1.5 TCF GIP) and Geographe (0.5 TCF GI
Slide 19: T/49P Prospectivity
T/49P Prospectivity For personal use only ¾ Permit has all the ingredients for an rich and active petroleum system ¾ Numerous large leads identified on regional 2D seismic of similar size to Thylacine ¾ Sequence stratigraphic analysis indicates most of the leads have good quality overlying seal ¾ Al
Slide 20: 5. Conclusion
For personal use only 5. Conclusion 20 Page 20
Slide 21: 3D Oil's time has arrived
3D Oil’s time has arrived For personal use only After 10 years of preparation, first oil is anticipated within 18 months (early 2015). • Final Investment Decision for West Seahorse First oil is on the horizon development is targeted within 6 months • Hibiscus Petroleum, A$200m+ Malaysian company, Hi
Slide 22: Contacts
Contacts For personal use only Noel Newell Managing Director 3D Oil Limited Level 5, 164 Flinders Lane Melbourne, Victoria 3000 Phone: +61 3 9650 9866 Fax: +61 3 9639 1960 Email: nnewell@3doil.com.au Page 22