Mec Resources Ltd · ASX:MMR
Mec Resources — 2nd Australian Domestic Gas Outlook Conference 2014
83 slides from Mec Resources's conference presentation, Feb 28, 2014
Slide 1: Company Presentation cover letter to ASX
28 February 2014 For personal use only Companies Announcements Office Australian Securities Exchange Limited 10th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam Company Presentation 2nd Australian Domestic Gas Outlook Conference 2014 MEC Resources Ltd (ASX: MMR) is pleased to provide a copy
Slide 2: Sydney, February 2014
For personal use only Sydney, February 2014
Slide 3: ADVENT Gas Projects
ADVENT Gas Projects EP386 + RL1 RL1 (100% Advent) For personal use only (100% Advent) Onshore Bonaparte Basin Unconventional Resources Conventional Resources 9.8 TCF Prospective Recoverable Weaber Gas Field: Milligans (shale) Conventional 45.8 BCF 3C Contingent Resources Resources 356 BCF Prospectiv
Slide 4: Australia tipped to overtake China in shale boom
Australia tipped to overtake China in shale boom MATT CHAMBERS, THE AUSTRALIAN, JANUARY 20, 2014 For personal use only AUSTRALIA is being touted as the place most able to replicate the shale gas and oil success of the US, overtaking China, where exploration is struggling to gain traction, and other
Slide 5: News Wrap
News Wrap For personal use only Tuesday, 25 February 2014 NSW gas prices could double Leading supplier AGL aims to hike household gas prices in NSW by 20% in July but StockAnalysis analyst Peter Strachan believes they will double in two or three years. According to the ABC, Santos NSW general manage
Slide 6: MEC Resources Limited
MEC Resources Limited For personal use only MEC Resources offers investment into exploration companies seeking large energy & mineral discoveries The Company is registered as a Pooled Development Fund enabling most MEC shareholders (ASX: MMR) to receive tax free capital gains on their shares & tax f
Slide 7: Advent Growth Strategy
use only Advent Growth Strategy PEP11 Field Development: Domestic Gas Offshore Sydney Basin Exploration / 5.7 Tcf Prospective Sales / Appraisal; Conventional Gas Resources Export Gas (LNG) personal to Value EP386 & RL1 Onshore Bonaparte Basin Exploration / Field Development 9.8 Tcf Prospective Appra
Slide 8: Advent Energy Shareholding and Assets Structure
Advent Energy Shareholding and Assets Structure BPH Energy Ltd For personal use only ASX: BPH Other shareholders including MEC Resources Ltd Grandbridge Ltd (ASX: GBA), & ASX: MMR Talbot Group Investments 155.8 million shares 27.0% Mkt Cap $6.4 million 44.3% 28.7% (27th Feb 2014) Advent Energy Ltd 1
Slide 9: Advent Note on ACOLA shale thickness
For personal use only Advent Note: The reservoir thickness from which the estimated 6 Tcf in the ACOLA report was based was 36m (120ft) of average net shale thickness in the Bonaparte Basin. Advent’s well logs show shale sequences with elevated gas levels from between 300m and 1700m indicating subst
Slide 10: ACOLA Shale Gas Report
ACOLA Shale Gas Report Beach: $36 HESS: $65 M Shale Gas Mitsubishi Corp: EP386 M JV with JV with Falcon Australia $40m of work under Territory Oil in Beetaloo Basin & RL/1 Buru’s 2012 For personal use only unconventional gas Statoil: Contributing $25M Advent Energy’s 100% Owned exploration program J
Slide 11: Bonaparte Milligans shale gas data
For personal use only Bonaparte Milligans Dry 2,752 6 1090 0.40 2.18 10 Source: Cook, P, Beck, V, Brereton, D, Clark, R, Fisher, B, Kentish, S, Toomey, J and Williams J (2013). Engineering energy: unconventional gas production. Report for the Australian Council of Learned Academies, www.acola.org.au
Slide 12: EP386 + RL1 Summary
EP386 + RL1 Summary The Bonaparte Basin is a proven hydrocarbon producing basin representing 19% of Australian liquids and 17% of gas (2005 GA report). EP 386 and RL 1 are located on the southern, onshore part of the Bonaparte Basin. EP386 covers 2568km 2 in Western Australia and RL1 covers 166km2
Slide 13: Company Overview: Key Assets
Key Asset –Offshore Sydney Basin Company Overview Background Newcastle For personal use only Formed in 2004 as an independent E&P company – Headquartered in Perth, WA – Portfolio of assets both onshore & offshore Australia with an estimated AUD 156m invested historically on exploration Sydney Co
Slide 14: State of Western Australia
State of Onshore Bonaparte Western Basin Advent gas Australia project area For personal use only Economy of Western Australia is equal to 50th Resource projects biggest country globally underpinned by proximal to Advent resources including gas project area LNG, Iron Ore, Diamonds, Coal, Argyle Dia
Slide 15: Australia Emerging Global Energy Giant
For personal use only Australia Emerging Global Energy Giant Estimated potential shale gas resources of 1,000 TCF (ACOLA) LNG production expected to grow through frontier offshore exploration, onshore coal seam gas and rapidly expanding shale gas exploration sector Annual gas production (domes
Slide 16: Demand vs. Supply
Demand vs. Supply 145 MTPA Shortfall Demand Supply For personal use only India China MTPA Taiwan Korea Japan Source: CERA Global Redesign, Fall 2011, GDF SUEZ LNG Source: Australian Bureau of Agricultural & Resource Economics 2010, Wood Mackenzie, Deutsche Bank Japan, Korea, China and India repr
Slide 17: Current Market Landscape
For personal use only Current Market Landscape Strong demand of Natural Gas has driven LNG spot prices in Japan to reached $18 per MMBtu Long term sales contracts from Australia to Japan and Taiwan are at prices of $10 MMBtu Domestic prices of Natural Gas in West Australia have reached maximum
Slide 18: Gas Transaction Value Analysis
Gas Transaction Value Analysis For personal use only Set out below is a summary of three recent transactions involving strategic investments from Asian oil and gas majors into large Australian gas projects. These transactions highlight valuations of between US$790m (coal seam gas) and US$5bn (natu
Slide 19: ADVENT Oil and Gas Properties
ADVENT Oil and Gas Properties For personal use only Basin (location) Property/Date Km2 Size Deposit(1)(2)(3) Type of Resources ADVENT 356 (1) BCF Conventional Gas 100% EP386 2017 2,568 Bonaparte (onshore ) 9.8 (1) TCF Shale Gas 100% RL1 2017 166 45.8 (2) BCF Conventional Gas 100% Sydney (offshore) P
Slide 20: EP386+RL1
For personal use only EP386+RL1 500km 1,000km 19
Slide 21: EP386+RL1 New Market Opportunity
For personal use only EP386+RL1 New Market Opportunity Potential Gas Supply Potential Gas Supply 20
Slide 22: EP386+RL1 New Market Opportunity: Project Sea Dragon
EP386+RL1 New Market Opportunity For personal use only Project Sea Dragon [ASX listed CO2 Group subsidiary Western Australian Resources Limited (WARL)] is a large- scale integrated land-based aquatic operation which will produce up to 100,000 metric tonnes of prawns for international markets.
Slide 23: EP386+RL1 Local CNG Customers
EP386+RL1 Local CNG Customers Excluding Project Sea Dragon For personal use only Low risk CNG conventional prospective recoverable from EP386 & RL1 could be available for production in 2015 Federal and State Government investment into the Kununurra/East Kimberley region exceeds $500 million and
Slide 24: EP386+RL1 Local CNG/LNG Customers
EP386+RL1 Local CNG/LNG Customers Excluding Project Sea Dragon $ million Indicative annual revenue @ $18 / GJ For personal use only Key assumptions: 100% substitution 76 100% conversion rate to LNG/CNG TJ/day Natural Gas Sufficient gas available Non risk weighted 54 CNG market is capable o
Slide 25: Bonaparte Basin - A Proven Hydrocarbon Producing Basin
For personal use only Bonaparte Basin- A Proven Hydrocarbon Producing Basin EP386 & RL1 Gas Reservoirs 24
Slide 26: This is an active hydrocarbon system
This is an active hydrocarbon system EP 386 & RL/1: 7 conventional gas discovery wells – Onshore High Technical Success Rate Well Well Classification Flow Rates Observed (unstimulated) For personal use only Bonaparte-1 Oil & gas shows Bonaparte-2 Gas Discovery 1.5 MMscf/d Keep River-1 Gas Discovery
Slide 27: Conventional / unconventional gas area and existing wells
Advent’s conventional / unconventional gas area / existing wells in EP386 / RL1 and U.S.G.S. inset showing “pod of Active Source Rocks Boundary”- U.S.G.S. onshore mean 56 MMBO (oil) and 460 B.C.F Gas Undiscovered Resource – Conventional Resource Assessment For personal use only 26
Slide 28: Waggon Creek-1 and Vienta-1
For personal use only Waggon Creek-1 Waggon Creek-1 workover and production test gas flow Nov 2011 (from 390mKB). Conventional s/stone reservoir-Stabilised flow of 1.1 MMscf/d through 32/64th” choke Pressure monitoring demonstrated slowly increasing pressure at the end of the flow test. Contin
Slide 29: Bonaparte Basin: Key Information
Bonaparte Basin: Key Information Carboniferous Milligans Formation: Tight Gas, Shale Gas For personal use only & Liquid Hydrocarbon Potential Key gas-prone source rocks Over 500m marine shale/mudstone TOC up to 4.3% Mature for oil and gas generation Elevated gas shows while drilling throug
Slide 30: Vienta-1: Elevated Gas Shows
Bonaparte Basin (WA/NT) EP 386 / RL-1 Shale and tight gas exploration Vienta-1: Elevated Gas Shows over mid-Upper & Lower Milligans Section Multiple petroleum targets are present in EP 386 & RL1 area: For personal use only Proven conventional gas charged sandstone reservoirs in nearshore marine
Slide 31: Ningbing-2: Elevated Gas Shows
Bonaparte Basin (WA/NT) EP 386 / RL-1 Shale and tight gas exploration Ningbing-2: Elevated Gas Shows over Lower Milligans-Langfield Section For personal use only Bonaparte Basin, Australia Wide distribution of oil and gas shows and tests throughout basin Advent Energy has 100% of EP 386 & RL 1 inclu
Slide 32: EP 386: Key Deposition Centres
EP 386: Key Deposition Centres in EP386 Moogarooga Deep Waggon Creek Deep Vienta Deep For personal use only Tanmurra Fm Upper Milligans Fm Lower Milligans Fm Langfield Group Ningbing Group+
Slide 33: EP 386: Well-Well Correlation
Tanmurra Fm For personal use only Upper Milligans Fm Lower Milligans Fm 1.5 MMscf/d Langfield Group 0.75 MMscf/d EP 386: Well-Well Correlation in EP386
Slide 34: EP 386: Well-Well Correlation
Tanmurra Fm For personal use only Upper Milligans Fm Lower Milligans Fm 2.1 MMscf/d 1.5 MMscf/d Langfield Group EP 386: Well-Well Correlation in EP386
Slide 35: Weaber-4 (RL1): Elevated Gas Shows
Weaber-4 (RL1): Elevated Gas Shows over Upper & Lower Milligans Section For personal use only Elevated gas shows over 600m in shale/siltstone section. TOC from Lab matched well with computed value from logs and maximum TOC value can be up to 5% (right column). 34
Slide 36: Garimala-1: Elevated Gas Shows
For personal use only Garimala-1: Elevated Gas Shows over Milligans-Langfield Section Elevated gas shows over 1700m in shale/siltstone section. TOC from Lab matched well with computed value from logs and maximum TOC value can be up to 5% (right column). 35
Slide 37: Waggon Creek-1A: Elevated Gas Shows
For personal use only Waggon Creek-1A: Elevated Gas Shows over Milligans Section Elevated gas shows over 800m in shale/siltstone section. TOC from Lab matched well with computed value from logs and maximum TOC value can be up to 5% (right column). 36
Slide 38: Summary of Attributes of Australian and North American Plays
Table 4: Summary of Attributes of Australian and North American Plays ‘place iuuide Sn vierinite cone place conc reflectance (ect?) (unbbim) amadeus Hom valley Normal tow 100 1 1650-11000 Beetalco walla 37-20 2 Moderate over-pressure Low 130 oz 13300-6000 vetkerrt 30-42 2 Moderate over-pressure tow
Slide 39: Shale gas TOC ranges
For personal use only For shale gas, TOCs should ideally be between 2.0% by weight (wt%) and 7.0wt%. A value of approximately 0.5wt% is considered the minimum for an effective conventional source rock.
Slide 40: TOC values of North American and Australian plays
For personal use only Many of the North American plays have TOC values that exceed the ideal range, whilst most Australian plays fall comfortably within the optimum range. There are a few that have relatively low average TOC (Laurel, Milligans and Eumeralla), but we believe these plays are tight gas
Slide 41: Vitrinite reflectance of plays
The graph below shows that the average vitrinite reflectance values for most of the plays fall into the optimum range of 1.0-3.0%. For personal use only
Slide 42: For personal use only
For personal use only
Slide 43: Bonaparte Basin: Near term field development opportunity
Bonaparte Basin (WA/NT) EP 386 / RL-1 Near term field development opportunity The Bonaparte Basin: Summary of Previous Drilling Results For personal use only – A proven and producing hydrocarbon bearing sedimentary basin – Onshore Basin straddles the Northern Territory & Western Australia Border
Slide 44: EP 386 Shale Gas Unrisked Prospective Resource Estimates
Bonaparte Basin (WA/NT) EP 386 / RL-1 Shale and tight gas exploration For personal use only EP 386 Shale Gas Unrisked Prospective Resource Estimates Lower Milligans Fm EP 386 & RL 1 Parameters Unit Low Best High Area - A Acres 197,683 296,525 345,946 Shale resource extent Pay Thickness -h Ft 1310 16
Slide 45: EP & RL/1: Prospects/Lead Summary
EP 386 & RL/1: Prospects/Lead Summary (showing Seismic lines) - mean conventional prospective recoverable 556 BCF For personal use only Prospect on Top Ningbing Grp Unrisked OGIP & Prospective Prospect on Top Langfield Grp Recoverable Conventional Hydrocarbon Resources in EP386 Prospect on Top Lower
Slide 46: EP386 / RL1 Gas Composition compared with industry standard
EP386 / RL1 Gas Composition compared with industry standard Industry Bonaparte- Garimala-1 Average Ningbing-2 Ningbing-2 Weaber- Weaber- 2 (DST No6: (DST No2: Waggon Name Unit Natural Gas (DST No3: (DST No5: Vienta-1 EP 386 Average For personal use only 1 4 4712- 2381- Creek-1 Composition 535-598m)
Slide 47: Advent in mineral resource rich developing area
Advent in mineral resource rich developing area Sorby Hills is the For personal use only largest undeveloped silver-lead deposit at open cut depth in Australia and is jointly owned by Kimberley Metals (75%) and China’s largest lead and silver smelter, Henan Yuguang Gold and Lead Company Ltd (25%). P
Slide 48: Proximity To Infrastructure
For personal use only Proximity To Infrastructure Stage Two of the Ord River scheme has significantly enhanced road access to the Vienta Gas Field Stage Two Ord roads capable of road train access are to be constructed during 2012/2013 - allows for construction CNG /MINI LNG WA Govt. has alread
Slide 49: Onshore Bonaparte Basin, Northern Australia
Onshore Bonaparte Basin, Northern Australia Blacktip Pipeline 75km use only Ichthys Pipeline 260km WA Resources Ltd Sea Dragon Project & RL1personal Darwin-Amadeus Pipeline 300km – Wyndham Port: Planned future Import/Export Northern EP386For Facilities Sorby Hills Pb/Zn/Ag Mine Territory Stage Ord S
Slide 50: LNG Production, Storage, Distribution & Use
LNG Production, Storage, For personal use only Distribution & Use
Slide 51: CNG Production, Storage, Distribution & Use
For personal use only CNG Production, Storage, Distribution & Use
Slide 52: TREZEN First LNG-FPSO
TREZEN™ First LNG-FPSO 1959 — 2] Thyssenkrupp | Calcasieu River, Lake Charles hyssenkrupp Uhde Energy & Power Reka lag > Sen 6 Sasa date ie a ted Sew Ss ee
Slide 53: Floating Liquefaction Advancements
FLOATING LIQUEFACTION ADVANCEMENTS
Slide 54: CAPEX & OPEX
eeee @ CAPEX & OPEX CAPEX Metrics — care not all LNG-FPSOs are created equal! OPEX Production Cost $/MMBTU Neale iin goneess ~-, inpex PuwG s > + (-33,s00/Tonne: Options to Improve economics 2000 4 | ae aie 1200 4 1600 a. Shell Prelude “s Petrob $5bn/3.5AGTBA > +400 4 precip yd * 2012) . $4bn/2.7 MT
Slide 55: TRI-ZEN projects under construction
Hy TRI-ZEN™ Leedterste ard lreestrmect on hhees Projects under construction ThyssenKrupp Thyssenkrupp Uhde Energy & Power Liquefac Technip (Samsung) Shell DMR Petronas Technip/Linde (DSME) MR Exmar Black & Veatch (Wison) SMR 1.2 0.5 Contai Barge Membrane Barge Membrane Barge 220,000 + 90,000 LPG + 1
Slide 56: Proposed Floating LNG projects
TRI- ZEN” Proposed Floating LNG projects € = FLNG, Dmtpa as FLNG 3 wa RR INDONESIA i Greater Sunrise, die... ca a — a Abadi, 2.5 mtpa L riterOu, 2 mtpe ESTE Others: _ evens Shoal, Hoteh/DSaNe, Saitpe traq; Shell, Mitsubishi 2 mtpa Bonaparte, 2 mtpa israel; Nobel, Delek, DSME 3 mtpa PTT Cash Maple, 2
Slide 57: Adjacent Port of Wyndham
For personal use only Adjacent Port of Wyndham: Wyndham Port is the only deep-water port between Broome and Darwin. Exports include oil, iron ore, live cattle and nickel. Imports include fuel oil, ammonium nitrate for the mining industry (in particular Argyle Diamond Mine) and general cargo. The por
Slide 58: Small scale LNG production facility, Norway
For personal use only Our LNG production facility in Snurrevarden, Norway, fully fitted with remote monitoring and control capabilities, was the first free-standing small scale LNG plant in Northern Europe. http://www.wartsila.com/en/oil-gas/onshore/applications/lng-terminals 57
Slide 59: Gas Pipeline - EP & RL1
For personal use only Gas Pipeline – EP 386 & RL1 Gas Pipeline study Engineering Study Low CO2 analysis – Advent Energy assets EP386 + RL1 4” production supply pipeline considered to CNG Distance – approx 15-25 km to CNG plant Diesel cost A$1.00/L – equivalent to A$26/GJ Significant bene
Slide 60: Lake Argyle: Ord Irrigation Area Phase II
For personal use only Lake Argyle Ord Irrigation Area Phase II Lake Argyle: Ord Irrigation Area Stage Two of the Ord River scheme has Surface area of 1,000 significantly enhanced road access to the square km (18 times the Vienta Gas Field size of Sydney Harbour) Stage Two Ord roads capable of ro
Slide 61: PEP11 - 85% Interest
For personal use only PEP11 – 85% Interest Offshore Sydney Basin contains all the elements seen in other producing, world class petroleum basins, including prospective recoverable resources of 5.7 TCF (P50) in structural targets Permit covers 4,649 km2 on the doorstep of NSW energy market & exte
Slide 62: PEP11 Permit History & Progress
PEP11 Permit History Progress through involvement of Advent Advent farmed into a 25% interest in 2006 through & Progress acquisition of 2004 seismic, and increased interest to 85% following drilling of New Seaclem-1 in 2010 Significant geological & geophysical work completed For personal use onl
Slide 63: Significant Hydrocarbon Potential proven by Industry Standards
Significant Hydrocarbon Potential proven by Industry Standards Features Observed Across Permit For personal use only The permit’s potential is evident in the significant and complimentary hydrocarbon & migration features observed Direct hydrocarbon indicators identified in seismic data Pockmark
Slide 64: Analogues to Major Discoveries
Analogues to Major Discoveries Similarities in shelf surface features, including For personal use only pockmarks and slope failure events, between the Offshore Sydney Basin, the giant Gorgon 16 Tcf field off North-western Australia and the 14 Tcf Ormen Lange field off Norway ~16 Tcf Ormen Lange Ga
Slide 65: Heggland - Fluid Migration - Gulf of Mexico
Heggland -Fluid Migration-Gulf of Mexico (Statoil Model) Chimneys and pock marks indicating focus areas of fluid flow above the top reservoir For personal use only •“seismic chimneys are visible in 90% of all Mesozoic and Tertiary basins.” •Gas chimneys have been observed to tie in to features assoc
Slide 66: Geophysical Gas Indications
Geophysical Gas Indications For personal use only TOPAS Sub bottom profiles from SS10 / 2006 2011 PEP11 Permit Boundary Shown
Slide 67: Thermogenic hydrocarbon seepage offshore NSW
Thermogenic hydrocarbon seepage offshore NSW For personal use only Gas seep seafloor Offshore Sydney Basin, NSW Gas Chimney? Mound on 81-05 B4-15 (Reprocessed)
Slide 68: Three Significant Deep Prospects with Multi-TCF potential
Three Significant Deep Prospects with Multi-TCF potential Permian/Triassic Prospect Locations For personal use only Contains all the elements for success needed in world class sized structure in Gas Pipeline Infrastructure PEP11 Relatively shallow water depth 50- 120 m The prospects lie betwee
Slide 69: B4-16 Preliminary Final PSTM
B4-16 Preliminary Final PSTM (Zoom) Data reprocessing from phase 2, 2009 indicates a For personal use only flat spot on the time processing within structure on line B4-16 which may warrant further investigation. Area of interest is cmp 900 to 1060 (2 km) at a time of 1500ms and 1700ms. Note polarity
Slide 70: Offshore Sydney Basin - Direct Hydrocarbon Indicators PEP11
For personal use only Offshore Sydney Basin – Direct Hydrocarbon Indicators PEP11 Figure 74: RMS of seismic amplitude over the Figure 72: Instantaneous frequency plot for the high amplitude reflector. It is showing low frequency anomaly. area of Line B4-15, where high amplitude reflector is mapped.
Slide 71: Offshore Sydney Basin - Direct Hydrocarbon Indicators PEP11
For personal use only Offshore Sydney Basin – Direct Hydrocarbon Indicators PEP11 Figure 69: Display of Line B4-15. Figure 70: The continuity of high amplitude reflector has been mapped. Reflection Strength plot of the high amplitude reflector “Strong energy reflections present on seismic section “G
Slide 72: Significant AVO Leads Surrounding Major Prospects
Significant AVO Leads Surrounding Major Prospects Paleozoic Trap Summary Map For personal use only AVO is a recognized methodology employed by major oil companies to identify exploration potential Great White & Marlin Independent analysis of extracted AVO attributes from recently reprocessed 200
Slide 73: Fish - Drilling Target in the Deep Horizon PEP11
For personal use only Fish –Drilling Target in the Deep Horizon PEP11 Proposed South Fish Exploration Well A large north-south elongated anticline with three separate structural culminations, adjacent to the Offshore Syncline (the hydrocarbon source) – 2 Tcf (P50) with 21% Probability of Success (
Slide 74: Conventional Prospects in Advent Portfolio
Conventional Prospects in Advent Portfolio Excluding unconventional resources Advent Gross Prospective Recoverable Gas Resources Gross Prospective Recoverable Condensate Probablility of Block Asset GIP Bcfg interest Bcfg Resources MMbo Success For personal use only Swansons Swansons Swansons % P90 P
Slide 75: ADVENT Management Team
ADVENT Management Team Board, Management/Technical Team & Engineers For personal use only Board Management and Technical Advisors Mr. Goh Hock: Chairman Mr. Ding Gui Ming: Advisory Panel Chairman Previous President of Schlumberger Asia. Managed all Asian Formerly Head of Exploration, China Natio
Slide 76: ADVENT Management Team
ADVENT Management Team Industry Leading Geological & Geophysical Experts For personal use only Geological & Geophysical Engineers Mr Timothy Berge Mr. Lan Nguyen BSc (University of Wisconsin, Madison) BSc (Baku, Azerbaijan) MA - Geology (University of Texas at Austin) MSc - Geology (New England Univ
Slide 77: Gas Demand Drivers
Gas Demand Drivers For personal use only Chinese demand for natural gas is set to double over the next seven years China aims to source 12 % to 15 % of its energy from gas by 2020 up from just 5 % today with gas consumption to rise from 150 million cubic m to 400 million cubic metres Japan is
Slide 78: ADVENT Energy Ltd. - Summary
ADVENT Energy Ltd. – Summary For personal use only ADVENT four key petroleum titles contain all the elements seen in other Late stage Exploration with early producing, world class petroleum basins, and have an aggregate stage Production wells prospective recoverable resources of up to 15 TCF (P50)
Slide 79: Public Disclaimer
Public Disclaimer This company presentation (the “Company Presentation”) of Advent Energy Limited (the “Company”) has been prepared by the Company solely for information purposes and for the sole use of the person to whom it is delivered. The Presentation is prepared for discussion purposes only. Th
Slide 80: Risk Factors
Risk Factors For personal use only A number of risk factors may adversely effect Advent Energy Limited (the “Company”). Below is a brief summary of some of the general risk factors prospective investors should consider when determining whether an investment in the Company is suitable, and to which
Slide 81: Risk Factors continued
Risk Factors continued For personal use only The Company is subject to environmental and HSE risks. All phases of the oil business present environmental risks and hazards, and the oil and gas business is subject to environmental regulation pursuant to a variety of international conventions, as wel
Slide 82: Risk Factors continued
Risk Factors continued For personal use only Risk of damaged equipment and insurance policies. It is not certain that all potential incidents will be covered by existing insurance policies or that the sums insured under such coverage will be sufficient to hold the Company harmless from the loss oc
Slide 83: David Breeze, Advent Energy Limited
For personal use only David Breeze Advent Energy Limited Ph +61 8 9328 8711 david@adventenergy.com.au Director 14 View Street Fax +61 8 9328 8733 www.adventenergy.com.au North Perth WA 6006 Australia
MEC Resources — 2nd Australian Domestic Gas Outlook Conference 2014 on 6ix