3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2022)
31 slides from 3d Energi's shareholder meeting presentation, Nov 10, 2022
Slide 1: Annual General Meeting
Small explorer, big solutions 3D OIL LIMITED For personal use only ANNUAL GENERAL MEETING Noel Newell Executive Chairman/Managing Director 3D Oil Limited (ASX: TDO) Geo Coral 1
Slide 2: Why, What, How, When
For personal use only Small explorer, big solutions WHY, WHAT, HOW, WHEN AUSTRALIAN ENERGY MARKET OPERATOR (AEMO) FORECASTS CONTINUED GAS DEMAND UNTIL AT LEAST 2050. 3D OIL OFFER ENERGY SOLUTIONS INTO THE FUTURE ENERGY MIX. 2 2
Slide 3: Why, What, How, When
For personal use only Small explorer, big solutions WHY, WHAT, HOW, WHEN WE WILL INCREASE SHAREHOLDER VALUE THROUGH THE PROVISION OF ENERGY SOLUTIONS INTO A RAPIDLY CHANGING AND DYNAMIC ENERGY MARKET. NO OTHER SMALL ENERGY COMPANY PROVIDES AS MUCH UPSIDE POTENTIAL AS 3D OIL. 3 3
Slide 4: Why, What, How, When
For personal use only Small explorer, big solutions WHY, WHAT, HOW, WHEN CONTINUE TO ACQUIRE, EXPLORE AND DEVELOP QUALITY ENERGY ASSETS BY ENGAGING IN STRONG PARTNERSHIPS, LEADING TO THE POTENTIAL DEVELOPMENT AND PROVISION OF ENERGY SOLUTIONS 4 4
Slide 5: Why, What, How, When
For personal use only Small explorer, big solutions WHY, WHAT, HOW, WHEN CONTINUED AND ACTIVE EXPLORATION COMBINED WITH JOINT VENTURE PARTNERSHIPS TO LEAD TO AN IMMINENT DRILLING PROGRAM 5 5
Slide 6: Our Place in the Energy Transition
Small explorer, big solutions OUR PLACE IN THE ENERGY TRANSITION The energy transition is rapidly evolving but gas is forecast to have a continuing role in the integrated energy system. For personal use only 3D Oil aims to become an east coast gas producer, leveraging strong farmout deals for potent
Slide 7: East Coast Energy Crisis
Small explorer, big solutions EAST COAST ENERGY CRISIS Historical and forward short-term LNG netback prices (ACCC) Demand and prices building across a tight east coast gas market. For personal use only LNG netback price at Wallumbilla Gas Supply Hub is emerging as the benchmark of domestic gas pri
Slide 8: Key Metrics
Small explorer, big solutions KEY METRICS A highly experienced operator with a very large strategic portfolio of offshore Australian exploration permits, with potential high impact For personal use only Offshore exploration permits Gas storage exploration permits Shares on Issue 4 14,852km2 area 1 C
Slide 9: Exploration Strategy
Small explorer, big solutions EXPLORATION STRATEGY Focused on identifying and acquiring high potential offshore exploration acreage, organically enhancing value, then funding exploration and For personal use only appraisal by farming out to larger companies Identification and acquisition of Enhance
Slide 10: Forging Growth Opportunities
Small explorer, big solutions FORGING GROWTH OPPORTUNTIES 3D Oil have completed a second farmout agreement with ConocoPhillips Australia2 providing a pathway to the potential drilling of 2 high impact gas For personal use only prospects in the Otway Basin. Upfront cash payment enables 3D Oil to Full
Slide 11: Building Shareholder Value
Small explorer, big solutions BUILDING SHAREHOLDER VALUE 3D Oil has developed and progressed a quality portfolio of assets through several major industry downturns For personal use only EXPERIENCED RAPID NEW EFFICIENT COMMERCIAL TEAM EXECUTION TECHNOLOGY OPERATOR DISCOVERY? Experienced board and Ski
Slide 12: Project Overview
Small explorer, big solutions PROJECT OVERVIEW 3D Oil has developed a quality portfolio across Australia’s most prospective offshore exploration basins and is focused on becoming an east For personal use only coast gas producer. Exploration Overview Otway Basin, VIC/TAS Joint Venture with ConocoPh
Slide 13: Progressing Towards Otway Drilling
Small explorer, big solutions PROGRESSING TOWARDS OTWAY DRILLING Well placed to deliver gas to the East Coast market with near-term exploration well(s) largely funded by Joint Venture partner ConocoPhillips Australia. For personal use only VIC/P79 (Victoria): TDO 20% 2576km2 T/49P (Tasmania): TDO 20
Slide 14: Hunting for Elephants in T/49P
Small explorer, big solutions HUNTING FOR ELEPHANTS IN T/49P 10 TCF gross (2 TCF net 3D Oil) prospective resources has been identified across T/49P. For personal use only La Bella Thylacine Leads and Prospects of T/49P Munro Seal Rocks Flanagan Whistler British Point Admiral Cross-section through ba
Slide 15: Hunting for Elephants in T/49P – Sequoia 3D MSS Processing
Small explorer, big solutions HUNTING FOR ELEPHANTS IN T/49P – SEQUOIA 3D MSS PROCESSING Sequoia Phase 1 processing Sequoia Phase 2 processing For personal use only Sequoia Phase 2 delivered October 2022 Significant uplift in data quality from fast-tracked Phase 1 product to Phase 2, including imp
Slide 16: Near-Field Exploration Opportunities: Vanguard
Small explorer, big solutions NEAR-FIELD EXPLORATION OPPORTUNITIES: VANGUARD Below: Lower Waarre depth map over Vanguard Fault bound three-way closure with Direct Hydrocarbon Indicators (DHIs) adjacent to major discovery. For personal use only Above: Vanguard Prospect consists of three reservoir hor
Slide 17: VIC/P79 'Running Room'
Small explorer, big solutions VIC/P79 ‘RUNNING ROOM’ Inboard to the west lies directly adjacent to low-risk amplitude supported prospects. For personal use only VIC/L30 Essington Shipwreck Trough VIC/L24 VIC/P44 Prawn Platform Top Waarre depth structure map with amplitude supported prospects1 Amplit
Slide 18: New Technologies, New Opportunities: Gippsland Basin
Small explorer, big solutions NEW TECHNOLOGIES, NEW OPPORTUNITIES: GIPPSLAND BASIN Significant potential to serve the SE Australian gas market with 1.8Tcf combined Prospective Resources For personal use only VIC/P74 (Victoria): TDO 100% (Transfer of Title approved) Playing in the right space Gas p
Slide 19: Basin Margin Prospectivity
Small explorer, big solutions BASIN MARGIN PROSPECTIVITY WA-527-Pleads portfolio includes one of the largest undrilled traps in the Bedout Sub-Basin with 191 MMbbls recoverable oil (best estimate). For personal use only WA-527-P (Western Australia): TDO 100% Highly prospective and under explored a
Slide 20: Sauropod MC3D: Northern Extension of the Dorado Play?
Small explorer, big solutions SAUROPOD MC3D: NORTHERN EXTENSION OF THE DORADO PLAY? 3D Oil has mapped a potential erosional channel system within the western side of WA-527-P, similar to the Dorado trapping mechanism. For personal use only High amplitude erosional remnant Relinquished 6580km2 Potent
Slide 21: Emerging & Diversified Energy Solutions
Small explorer, big solutions EMERGING & DIVERSIFIED ENERGY SOLUTIONS The diversification of energy solutions is consistent with future domestic energy demands and the Company developing an approach to For personal use only participate in a range of energy solutions Awarded GSEL 759 in July 2022 E
Slide 22: Investment Highlights
Small explorer, big solutions INVESTMENT HIGHLIGHTS For personal use only Second Milestone transaction with ConocoPhillips: VIC/P79 farm-out agreement with ConocoPhillips Australia includes A$4.84m cash payment and up to A$56.5m costs for an exploration well High quality East Coast gas portfolio: La
Slide 23: Appendix
For personal use only Small explorer, big solutions APPENDIX 23
Slide 24: Board & Management
Small explorer, big solutions BOARD & MANAGEMENT A diverse and highly experienced management team with a proven track record developing and operating significant oil and gas projects. For personal use only Mr Noel Newell Mr Ian Tchacos Mr Trevor Slater Mr Leo DeMaria Executive Chairman/Managing Dire
Slide 25: Portfolio Summary (Gross Prospective Resources)
Small explorer, big solutions PORTFOLIO SUMMARY T/49P (20%) Otway Basin Oil & Condensate (MMbbls) Gas (Bcf) Barrels of Oil Equivalent (MMBOE) Low Best High Low Best High Low Best High Gross Prospective Resources (Recoverable) For personal use only Flanagan 6.4 16.1 32.8 530 1340 2740 102.1 258.1 527
Slide 26: Portfolio Summary (Net Prospective Resources)
Small explorer, big solutions PORTFOLIO SUMMARY T/49P (20%) Otway Basin Oil & Condensate (MMbbls) Gas (Bcf) Barrels of Oil Equivalent (MMBOE) Low Best High Low Best High Low Best High Net Prospective Resources (Recoverable) For personal use only Flanagan 1.3 3.2 6.6 106 268 548 20.4 51.6 105.5 Seal
Slide 27: Notes on Petroleum Resource Estimates
Small explorer, big solutions NOTES ON PETROLEUM RESOURCE ESTIMATES For personal use only Prospective Resources Under the SPE PRMS 2018, Prospective Resources are “those quantities of petroleum that are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations”. Vo
Slide 28: Near-Field Exploration Opportunities
Small explorer, big solutions NEAR-FIELD EXPLORATION OPPORTUNITIES Tilt blocks down-dip from La Bella gas discovery show strong amplitude conformance with structure. For personal use only Below: VIC/P79 permit map showing leads and prospects W E E W Prospective resource1 Low Best High (Recoverable B
Slide 29: Early Entry into an Emerging Hydrocarbon Province
Small explorer, big solutions EARLY ENTRY INTO AN EMERGING HYDROCARBON PROVINCE 3D Oil recognised the potential of the Bedout Sub-Basin prior to Dorado-1 and gained early entry into Australia’s newest petroleum province. For personal use only 1Creaming curve courtesy of Rystad Energy ECube June 2020
Slide 30: Disclaimer
Small explorer, big solutions DISCLAIMER For personal use only 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 ac
Slide 31: Contact
For personal use only Small explorer, big ideas CONTACT Noel Newell Executive Chairman/Managing Director E: info@3doil.com.au P: +61 3 9650 9866