Australian Oil Company Limited · ASX:AOK
Australian Oil — Sacgasco — SEAPEX Philippines Forum December 2021
19 slides from Australian Oil's conference presentation, Dec 6, 2021
Slide 1: Sacgasco Presents to SEAPEX Philippines Forum (ASX announcement)
Sacgasco Limited ABN 83 114 061 433 Unit 14, 210 Bagot Road, Subiaco, WA, 6008. T +61 8 9388 2654 E info@sacgasco.com Announcement to ASX 6 December 2021 SACGASCO PRESENTS TO SEAPEX PHILIPPINES FORUM Sacgasco Limited (ASX: SGC) (“SGC”, “Sacgasco” or “the Company”) is pleased to provide a copy of the
Slide 2: About Sacgasco Limited
Sacgasco Limited For and on behalf of the Board of Sacgasco Limited. Gary Jeffery Ben Jarvis Managing Director Six Degrees Investor Relations +61 8 9388 2654 +61 (0) 413 150 448 About Sacgasco Limited (ASX: SGC) Sacgasco Limited (ASX: SGC) is an Australian-based energy company focused on under-explo
Slide 3: Sacgasco – Philippines, SEAPEX December 2021
Sacgasco – Philippines SEAPEX December 2021 www.sacgasco.com ASX listed: SGC Gary Jeffery- Managing Director 1
Slide 4: Sacgasco's Philippines Assets Overview
Sacgasco’s Philippines Assets Overview Material position in an under explored basin and attractive operating environment • Completed acquisition of Nido Petroleum from Bangchak Corporation in July 2021 • 4 Service Contracts – 2 operated Sizable & diversified exploration and near term • 6 oil discove
Slide 5: North West Palawan Basin; Company has material acreage position
North West Palawan Basin; Company has material acreage position Proven yet vastly under-explored suggests significant ‘running room’ The NW Palawan Basin Discovery History • NW Palawan basin currently has discovered resources of 897mmboe* Phase I Phase II Phase III Shallow water Miocene Deeper water
Slide 6: Service Contract 54A
9 ANido Petroleum Limited Service Contract 54A V SACGASCO |
Slide 7: Service Contract 54A – Contingent Resources
Service Contract 54A – Contingent Resources Near term production – high value barrels with attractive nearfield exploration targets History & Operations Top Nido Carbonate Depth Map SC 54 ‘String of Pearls’ Trend • 550km² Service Contract Area • Water Depths 50 – 110m Tindalo Clusters • Nido Operate
Slide 8: Production: Making These Small Fields Profitable
Making These Small Fields Profitable Leverage new technology, state of the art reservoir monitoring and innovative cost control measures 1. Reservoir Management Comes First; ‘Slow and Steady’ 2. Minimalist and ‘Daisy Chain’ Approach To Development Reservoirs need to be carefully managed and monito
Slide 9: Service Contract 54A – Nido 1X1 Discovery
Service Contract 54A – Nido 1X1 Discovery Upside identified in historical 1970s discovery History & Operations Historical • Nido 1X1 was discovered in 1979 – however later 3D seismic acquisition identified the well Pick was drilled off crest • DST flowed c. 2,000 bopd • Upside identified – attic oil
Slide 10: Nandino Prospect – Top Ranked Exploration Drill Candidate
Nandino Prospect – Top Ranked Exploration Drill Candidate Significant Upside Identified with Interpreted Oil within Mapped Structural Closure • Three-way dip closure against fault – Miocene-aged carbonate pinnacle reef with material volume upside • Oil interpreted in Nandino structure from logs in N
Slide 11: Service Contract 14C2
9 ANido Petroleum Limited Service Contract 14C2 V SACGASCO |
Slide 12: West Linapacan A
West Linapacan A Re-development Opportunity Summary History & Operations • Philodrill Operated; Nido 22.28% WI; Water depth 340m • Discovered in 1990, Produced 8.5 mmbls from vertical wells before being shut in in 1996 due to high water cut / low oil price • Peak production ~18,000 bopd; Producing 1
Slide 13: West Linapacan B
West Linapacan B Development Opportunity Summary History & Operations • Philodrill Operated; Nido 22.28% WI West Linapacan ‘A’ • Water Depth ~300m • Discovered in 1993, flowed 2,900 bopd on test • Located 7.6km east of the West Linapacan A field West Linapacan ‘B’ Subsurface Summary • Miocene aged f
Slide 14: Service Contract 6B
9 ANido Petroleum Limited Service Contract 6B V SACGASCO |
Slide 15: Service Contract 6B
Service Contract 6B Exploration and Development Opportunity Summary and Status Redevelopment of the Cadlao Field • 533 km² Service Contract in the NW Palawan Basin situated in water • Discovered in 1977 – prospect defined by 2D seismic; Miocene Pinnacle Reef depths between 20-80m reservoir; WD 20-80
Slide 16: Service Contract 58
9 ANido Petroleum Limited Service Contract 58 V SACGASCO |
Slide 17: Service Contract 58
Service Contract 58 High Impact Exploration Asset Summary • 13,440 km² contract area covering the highly prospective deepwater extension of the NW Palawan Basin • One of the last undrilled deepwater play fairways in SE Asia • Nido Petroleum (SGC) has a 50% participating interest and operatorship – S
Slide 18: Summary
9 ANido Petroleum Limited Summary V SACGASCO |
Slide 19: Summary
Summary Sacgasco is focused on fast tracking near term cashflow opportunities in the Philippines • Drilling targets being matured for 2022 drilling decisions Take drilling decisions in • Working with operator Philodrill to assess 2C resource base in West Linapacan complex H1 2022 • Monitor situation