Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Investor Presentation (October 2023)
14 slides from Omega Oil & Gas's investor presentation, Oct 25, 2023
Slide 1: Bringing New Energy to East Coast Australia
BRINGING NEW ENERGY TO EAST COAST AUSTRALIA Webinar | October 2023 For personal use only THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this document has been prepared for information purposes only and does not constitute a prospectus, or an offer, invitation, solicitation or recommendation with respect to the
Slide 3: Key Risks
KEY RISKS We recommend investors to read and consider the risks associated with Omega, its assets and the industry it is in as set out in Omega’s prospectus that was lodged with the Australian Securities and Investments Commission on 22 August 2022 (Prospectus) which is available from Omega’s websit
Slide 4: Bringing New Energy to East Coast Australia
BRINGING NEW ENERGY TO EAST COAST AUSTRALIA ➢ Gas and liquids portfolio in Queensland’s Taroom Trough ➢ Innovative, high-impact appraisal of the Canyon discoveries in 2024 ➢ Strong technical and leadership team with Australian and international For personal use only deep/tight gas experience ➢ Fully
Slide 5: Board and Management
BOARD AND MANAGEMENT MANAGEMENT For personal use only Executive Chairman Strategic Advisor Non-Executive Director Non-Executive Director Non-Executive Director STEPHEN HARRISON TREVOR BROWN MICHAEL SANDY QUENTIN FLANNERY ANDREW HACKWOOD Stephen brings to the Board Trevor is a geologist and Michael i
Slide 6: Taroom Trough - Next Generation East Coast Gas Supply
TAROOM TROUGH - NEXT GENERATION EAST COAST GAS SUPPLY ➢ Proven, large-scale tight-gas play with multi-TCF potential ➢ Several operators (including Majors) are actively de-risking the play ➢ Gas supply deficit forecast from 20301 For personal use only ➢ Near-term production potential with low cost ac
Slide 7: Omega's Opportunity
OMEGA’S OPPORTUNITY ➢ Two successful discovery wells in the last 12 months: ❖ High gas readings throughout the Permian Kianga/Tinowon ❖ Canyon- 1 intersected high gas readings within a 394m interval ❖ Canyon- 2 intersected high gas readings within a 360m interval For personal use only ❖ Oil shows we
Slide 8: Omega's Taroom Trough Deep Permian Gas Play
OMEGA’S TAROOM TROUGH DEEP PERMIAN GAS PLAY ➢ Canyon wells prove the deep Permian play Taroom Trough – activity on the rise Large Continuous ➢ Multiple, thick packages of gas saturated rock Unconventional Resource ➢ Omega’s Prospective Resources - 3,000 PJs of gas/233mbbls (2U) of associated liquids
Slide 9: Omega's Maiden Resource - Canyon Gas Project
OMEGA’S MAIDEN RESOURCE – CANYON GAS PROJECT ➢ Omega commissioned Netherland, Sewell & Associates, Inc. (NSAI) to conduct the independent assessment of resources ➢ As of 23 October 2023, their assessment of gross and net contingent resources for the ATP 2037 and ATP 2038 permit areas is: For persona
Slide 10: Omega's Maiden Resource - Canyon Gas Project
OMEGA’S MAIDEN RESOURCE – CANYON GAS PROJECT ➢ Netherland, Sewell & Associates, Inc. included only the zones of the Kianga formation depicted in bright yellow on the diagram below in their resource assessment. ➢ Cumulatively these zones averaged 27m For personal use only across the ATP 2037 and ATP
Slide 11: Canyon-1 Horizontal Section Drill and Fracture Program
CANYON-1 HORIZONTAL SECTION DRILL AND FRACTURE PROGRAM ➢ In 2024 Omega will re-enter the existing Canyon-1 vertical well: ❖ Drill a horizontal section ❖ Multi-stage stimulation For personal use only ➢ Deep Permian play appears to meet all the major requirements for a multi-well, horizontal Opportuni
Slide 12: Forward Plan - Can Commercial Flow Rates Be Achieved?
FORWARD PLAN - CAN COMMERCIAL FLOW RATES BE ACHIEVED? Next 6 Months 6 – 12 months 12 months + For personal use only Design and Planning Phase Execution Phase Long Term Strategy • Finalise landing zone for Canyon- • Drill Canyon-1H horizontal • Multi-well appraisal drilling. 1H horizontal section. se
Slide 13: Listing Rule 5.43 Disclosure
LISTING RULE 5.43 DISCLOSURE SLIDE 8 The estimates of Reserves and Contingent Resources reported in this ASX Announcement have been independently reviewed and verified by Fluid Energy Consultants and were first reported in the Independent Expert Report prepared by Mr Doug Barrenger in Omega’s Prospe
Slide 14: For All Enquiries Please Contact Omega Oil and Gas
For personal use only FOR ALL ENQUIRIES PLEASE CONTACT OMEGA OIL AND GAS +61 2 9199 9625 | INFO@OMEGAOILANDGAS.COM.AU THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
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