Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Non-Deal Roadshow (October 2019)
25 slides from Vintage Energy's roadshow presentation, Oct 1, 2019
Slide 1: Vintage Energy Ltd Non-deal roadshow
OCTOBER 2019 For personal use only Vintage Energy Ltd Non-deal roadshow
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 stat
Slide 3: Introduction
For personal use only Introduction OCTOBER 2019
Slide 4: Vintage Energy overview
Vintage Energy overview Active operational period underway with the potential for a number of share price re-ratings For personal use only • Fully funded active drilling campaign in the Galilee Basin – Albany-2 and Albany-1 ST1 appraising the 61km2 Albany Field – Flow testing wells expected late 201
Slide 5: Growth focused energy company
Growth focused energy company Proven exploration success driven by outstanding technical capability For personal use only East coast Gas focus Market Lean, innovative energy market with oil potential accessibility and agile Gas and energy shortage Onshore basins with on the east coast marketable gas
Slide 6: Achievements to date
Achievements to date Active first 12 months with an exciting drilling campaign underway For personal use only Basin To date… To come… Galilee • Albany-1 drilled and flowed gas at 230 Mscfd • Two well drilling program underway • 2C contingent resource of 46 PJ (net) booked • Fracture stimulation prog
Slide 7: Assets / permits
Assets / permits Quality acreage position acquired expeditiously For personal use only Galilee Basin Otway Basin Cooper / Eromanga Bonaparte Basin - 30% equity PEL 155 Basin - 100% equity - Albany-1 drilled, flowed gas at 230 - 50% equity - Earning 50% equity and - Proven petroleum system Mscfd - Na
Slide 8: Operations
For personal use only Operations OCTOBER 2019
Slide 9: Galilee Basin
Galilee Basin Active campaign to date appraising the 61 km2 conventional Albany Field; stimulation and flow testing of Albany-1 ST1 and Albany-2 expected in late 2019 For personal use only • ATPs 743, 744, 1015 (“Deeps”), Vintage 30%, 1C, 2C and 3C contingent Comet Ridge 70% (operator) resources (ne
Slide 10: Galilee Basin: potential for additional structures
Galilee Basin Potential for additional structures with large gas accumulations For personal use only • Underexplored and areally extensive permits covering more than 9,000 km2 • Albany Field is a large robust anticlinal structure over 61 km2 • Defined by 1980’s 2D seismic grid (2.5 km x 2.5 km) • Ta
Slide 11: Galilee Basin: multiple avenues to market
Galilee Basin Multiple avenues to market for Galilee Basin gas once commercial flows are proven For personal use only • MOU signed with APA – APA to undertake a work program to identify a pipeline route to connect the Galilee Basin to Australia’s east coast gas markets – APA’s proposed route to mark
Slide 12: Otway Basin
Otway Basin Nangwarry-1 is a drill ready prospect close to infrastructure in a proven commercial gas province For personal use only PEL 155 (SA) • Vintage 50%, Otway Energy 50% (subsidiary Lakes Oil) and operator • $4.95 million SA Govt PACE Gas Grant • Nangwarry-1 on Easternwell rig 106’s schedule
Slide 13: Otway Basin: Penola Trough focus
Otway Basin Focused on the Penola Trough, which has produced ~70 PJ of gas to date For personal use only Nangwarry-1 • Covered by 3D seismic and within pine plantation • On trend with Otway Basin, Penola Trough fields • 3-way dip, fault sealed closure, high chance of gas charge • Analogous to Haselg
Slide 14: Cooper / Eromanga Basins
Cooper / Eromanga Basins Technical team with proven exploration success in the Cooper / Eromanga Basins For personal use only • ATP 2021, Vintage earning 50% and operatorship • Highly prospective 370 km2 permit, close to infrastructure and partially covered by 2D / 3D seismic – Seismic interpretatio
Slide 15: Cooper / Eromanga Basins: Vali prospect
Cooper / Eromanga Basins Vali prospect is a robust structure close to gas and oil production For personal use only • Test structure identified on Snowball 3D • Close to Kinta-1 which had gas charged sands in Patchawarra (primary target) and Toolachee (secondary target) • Oil potential above Jurassic
Slide 16: Bonaparte Basin – EP
Bonaparte Basin – EP 126 Higher risk and high reward permit in a proven petroleum system 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
Slide 17: Strategy and summary
For personal use only Strategy and summary OCTOBER 2019
Slide 18: Strategy for sustainable growth
Strategy for sustainable growth Constant watching brief on corporate, asset acquisition and farm-in opportunities For personal use only 1. Operational, commercial 2. Asset acquisitions 3. Corporate 4. Balanced 5. Portfolio focus and farm-ins opportunities portfolio optimisation 1. In-house operation
Slide 19: Summary
Summary Intent on ensuring the best outcomes for all stakeholders 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 • Long-term vision for sustainable growth
Slide 20: Appendices
For personal use only Appendices OCTOBER 2019
Slide 21: Galilee Basin: Tomahawk-1 drill ready target
Galilee Basin Tomahawk-1 is a drill ready target For personal use only • Lake Galilee-1 originally drilled in 1964 to evaluate hydrocarbon potential • Recovered oil and gas- cut mud • Newly acquired seismic appears to show Lake Galilee-1 drilled outside of potential structural closure • Structure co
Slide 22: Bonaparte Basin
Bonaparte Basin Potential for both oil and gas production with industry and infrastructure nearby For personal use only • Multiple play types • Good hydrocarbon shows in Cullen-1 (2014) – Conventional carbonate and clastic reservoirs – Fractured carbonate gas play defined (Ningbing Limestone / Langf
Slide 23: 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 24: 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 25: Contact information
For personal use only Contact information For information info@vintageenergy.com.au www.vintageenergy.com.au