Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Investor Presentation (January 2014)
16 slides from Synergia Energy's investor presentation, January 2014
Slide 1: Focused on Value, Methodical in Delivery
Focused on Value Methodical in Delivery ASX / AIM: OEX January 2014
Slide 2: Important Information
Important Information Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis that none of the Company Directors nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advi
Slide 3: Company Profile: Oilex Ltd (ASX / AIM: OEX)
Company Profile: Oilex Ltd (ASX / AIM : OEX) Oilex Ltd has a diversified onshore oil and gas portfolio with a near- term drilling programme and potential production in India. ASX 12- 12-month share price performance and volume Oilex is listed on the ASX and AIM 10 18,000,000 ASX $ AIM £ 9 16,000,000
Slide 4: Board and Management Team
Board and Management Team Max Cozijn Pete Bekkers Appointed as Non- Non- Appointed Chief Executive Chairman Geoscientist in 2007 in 2003. Over 31 more than 17 years years experience in experience. administration of listed companies Sundeep Rob Ierace Bhandari Appointed as Chief Appointed as Vice Fin
Slide 5: Investment Highlights
Investment Highlights \ Asset portfolio, portfolio focused on onshore tight/unconventional petroleum \ Large discovered independently certified resource base \ Objective: grow production, generate cash flow and add reserves \ Cambay Project (INDIA – OEX Operator, 45% decreasing to 30%) • Sale of 15%
Slide 6: NSAI: Independent Resource Estimate for Cambay
NSAI: Independent Resource Estimate for Cambay Unrisked Contingent Resource Estimates (the near term production and cash) Low (1C) Best (2C) High (3C) Oil Gas Oil Gas Oil Gas MMstb BCF MMstb BCF MMstb BCF Gross in place 831 672 1,633 1,314 2,888 2,297 Gross recoverable 31 180 83 495 179 1,073 Net OE
Slide 7: Cambay Asset: Overview
Cambay Asset: Overview \ Acreage • Cambay Basin: large producing province • Cambay Field: 161 km² (~40,000 acres) • Oilex drilled first horizontal Sabarmati Field multi-stage frac well in India \ Commercial Environment • Gujarat industrial heartland Cambay Field • Significant gas demand • Infrastruc
Slide 8: Cambay-77H: Update
Cambay-77H: Update \ Critical Items • Premium 4 ½” casing delivered as planned • Drill Rig − Contract awarded for Essar Rig 4 (pictured) − Mobilised from Dubai, at site rigging up • Fracture stimulation service − Tender evaluation complete − Award imminent • Other services and materials – contracts
Slide 9: The Magna Deal: Update
The Magna Deal: Update \ The Deal • 10% equity for US$4million and option over additional 5% for US$2million • Subject to pre-emption under JOA and GoI approvals under PSC • If GoI approval is not obtained by 1 May 2014, Magna cash payment may be converted into OEX shares up to 19.9% of Oilex Issued
Slide 10: Bhandut-3: Gas Production Leads To Cash Flow
Bhandut–3: Gas Production Leads To Cash Flow \ Bhandut Contract Area • 6km2 (~1,482 acres) \ Isochronal test of 3.5m sand • Flowed 6.5MMscfd of dry gas \ Gas sales • Offtake via CNG bullet trucks • Offtake rate ~ 0.5 – 1MMscfd • Evaluating bids to buy gas Gas \ Contingent Resource* • 2C ~ 250MMscf (
Slide 11: Active forward work programme: India and Australia
Active forward work programme: India and Australia 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 JV and Government Approvals 3 Work-Over Wells Ongoing Bhandut–3 & Cambay-73 Preparation Production & Sales Drill, Frac, Ongoing Prepare Cambay–77H & Mobilise Clean-Up & Production & Test Sales Independent Assess C–7
Slide 12: Wallal Graben Play Fairway: Moving forward at steady pace
Wallal Graben Play Fairway: Moving forward at steady pace \ Strategic rationale: • Low-cost, low-risk entry • Concentrated prospectivity • Long-term growth potential and diversity \ Canning Basin acreage (4.4 million acres) • SPA-0055 ~ 2.8 million acres • STP-EPA-0106 ~ 700,000 acres • STP-EPA-0107
Slide 13: Wallal Graben: Seismic tells story
Wallal Graben: Seismic tells story \ Jump correlations with regional seismic data infer: • A near-complete Ordovician sequence is preserved • Possible thick Goldwyer Formation - primary source rock • Potential for additional organic-rich formations \ Low resolution gravity/magnetics data appears inc
Slide 14: Updated scorecard for 2014
Updated scorecard: for 2014 Goals and Objectives Status Production Production from existing Cambay wells up 16% Sabarmati production up 4% × Cambay–73 & Bhandut-3 in production by end 2013 Work-overs on 3 Cambay wells Execution of Cambay gas sales agreement Cost Control/Cashflow Net corporate overhe
Slide 15: Oilex's Investment Proposition
Oilex’s Investment Proposition \ Strategic focus on the Cambay Asset Centred on production, cash flow and reserves; production up 16% H2 vs H1 2013 \ Cambay drilling operations BEA process complete and mobilisation in progress \ Use proven technology De-risks active forward work plan \ Growth potent
Slide 16: www.oilex.com.au
www.oilex.com.au Phone: +61 8 9485 3200 Email: oilex@oilex.com.au Twitter: @oilexltd