Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Good Oil Conference 2019
20 slides from Vintage Energy's conference presentation, Sep 11, 2019
Slide 1: Good Oil Conference September 2019
For personal use only Good Oil Conference| September 2019
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Vintage Energy Limited (Vintage or the “Company”), with the purpose of providing general information about the Company. This presentation contains certain statements which may constitute “forward- looking statements”. Such state
Slide 3: Vintage Energy overview
Vintage Energy overview For personal use only Fully funded active drilling campaign in the Galilee Basin − Albany-2 and Albany-1 ST1 appraising the 61km2 Albany Field Recent farm-in to Cooper / Eromanga Basins Upcoming drilling planned for the onshore Otway Basin Management and technical sta
Slide 4: Growth focused energy company
Growth focused energy company For personal use only East coast Gas focus Lean, Market energy with oil innovative accessibility market potential and agile Gas and energy Onshore basins with shortage on the east marketable gas Permits close to Small, quality team coast potential industrial, provides r
Slide 5: 2018 Good Oil vs 2019 Good Oil
2018 Good Oil vs 2019 Good Oil For personal use only Good Oil Conference 2018 Good Oil Conference 2019 Strategy set Delivering on strategy Expanded internal capability - Initial team in place strengthened, proven, lean, fully functional team now operational Portfolio addition in Cooper / Portfolio o
Slide 6: Operating achievements
Operating achievements For personal use only To date…. To come…. Galilee ✓ Albany-1 drilled and flowed gas • Two well drilling program Basin at 230 Mscfd underway ✓ 2C contingent resource of 46 PJ • Option for further drilling (net) booked • Fracture stimulation program ✓ Koburra 2D seismic complete
Slide 7: Assets
Assets For personal use only Galilee Basin Otway Basin Cooper / Bonaparte Basin - 30% equity PEL 155 Eromanga Basin - 100% equity - Albany-1 drilled, flowed - 50% equity - Earning 50% equity - Proven petroleum gas at 230 Mscfd - Nangwarry-1 to be and operatorship system - Koburra 2D completed drille
Slide 8: Galilee Basin – Albany Field
Galilee Basin – Albany Field For personal use only Conventional field over a large 61 km2 Robust anticlinal structure Defined by 1980’s 2D seismic grid (2.5 x 2.5km) Lake Galilee sandstone is the target reservoir Albany-2 Gross Contingent Resource booked: − 1C of 56 PJ, 2C of 153 PJ, 3C of
Slide 9: Galilee Basin – ATPs 743, 744, 1015 (Deeps)
Galilee Basin – ATPs 743, 744, 1015 (“Deeps”) For personal use only Vintage 30%, Comet Ridge 70% and operator Koburra seismic program completed − 336 km 2D seismic survey − 619 km of existing 2D being reprocessed Albany-2 at TD of 2,702 metres, evaluation program underway − Coring over 62 metr
Slide 10: Otway Basin – PEL and PEP
Otway Basin – PEL 155 and PEP 171 For personal use only PEL 155 (SA) Vintage 50%, Otway Energy 50% (subsidiary of Rawson Oil & Gas1) and operator $4.95 million SA Govt PACE Gas Grant Nangwarry-1 on Easternwell rig 106 schedule for late 2019 − Adjacent to Haselgrove discovery Lease build comp
Slide 11: Otway Basin – Nangwarry-1
Otway Basin – Nangwarry-1 For personal use only Ready to drill prospect − Covered by 3D seismic and within pine plantation − On trend with Otway Basin, Penola Trough fields Haselgrove − 3-way dip, fault sealed closure, high chance of gas charge Field − Analogous to Haselgrove-3/ST-1, Katnook, Ladb
Slide 12: Cooper / Eromanga Basins – ATP 2021
Cooper / Eromanga Basins – ATP 2021 For personal use only Vintage earning 50% and operatorship Highly prospective permit with drill ready prospects identified on 3D Permit size of 370 km2 permit Planning underway to drill the Vali prospect (Vali-1) in 2019 Seismic interpretation and mappin
Slide 13: Cooper / Eromanga Basins – ATP 2021
Cooper / Eromanga Basins – ATP 2021 For personal use only Kinta-1 Partial Vali prospect Patchawarra Section Test structure identified on Snowball 3D Close to Kinta-1 − Gas charged sands in Patchawarra (primary target) and Toolachee (secondary target) Oil potential above Jurassic volcanics − No
Slide 14: Bonaparte Basin – EP
Bonaparte Basin – EP 126 For personal use only Vintage 100% Low cost entry into large 6,700 km2 permit Gas flows from onshore Bonaparte wells − Onshore is an underexplored frontier region − Four petroleum exploration wells drilled in EP 126 Potential to supply gas to local industrial users
Slide 15: Bonaparte Basin – EP
Bonaparte Basin – EP 126 For personal use only Multiple play types − Conventional carbonate and clastic reservoirs Good hydrocarbon shows in Cullen-1 (2014) − Fractured carbonate gas play defined (Ningbing Limestone/Langfield Group) − Oil shows in shallower Weaber Group Gas flow Gas show Oil sho
Slide 16: Strategy for sustainable growth
Strategy for sustainable growth For personal use only 1. 2. 3. 4. 5. Operational, Asset Corporate Balanced Portfolio commercial acquisitions opportunities portfolio optimisation focus and farm-ins 1. In-house operational and commercial expertise with a highly successful track record 2. Evaluation of
Slide 17: Summary
Summary For personal use only One year since listing: Strategy still sound The right team in place to deliver on strategy Values-based culture with a clear focus on benefitting all stakeholders Next sixth months to deliver a step up in activity and news flow Long-term vision for sustainabl
Slide 18: Explanatory notes
Explanatory notes For personal use only Prospective and Contingent Resources: With respect to Prospective Resource estimates contained in this report, estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumula
Slide 19: Explanatory notes
Explanatory notes For personal use only The preparation of the assessment was supervised by Mr. Ian Cockerill, RISC Head of Geoscience. Mr. Cockerill has 20 years’ experience in the upstream hydrocarbon industry with Hunt Oil, Apache Energy and RISC. He is a member of the American Association of Pet
Slide 20: For information
For information For personal use only info@vintageenergy.com.au www.vintageenergy.com.au 20