3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2016)
23 slides from 3d Energi's shareholder meeting presentation, Nov 22, 2016
Slide 1: Annual General Meeting 22 November 2016
3D Oil Limited Annual General For personal use only Meeting 22 November 2016 Baker & McKenzie William Street Melbourne Noel Newell Executive Chairman
Slide 2: Important Disclaimer
Important Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achie
Slide 3: 1. 3D Oil Overview
For personal use only 1. 3D Oil Overview A shift of focus to benefit from supply constrained Eastern States gas markets 3 Page 3
Slide 4: Well placed to succeed in a tough environment
Well placed to succeed in a tough environment For personal use only TDO identifies 7 TCF potential (Best Estimate Prospective Resource) and up to 21 TCF (High estimate Prospective Resource) in T/49P permit and partnered with farminee Beach Energy Seeking strategic partner to exploit gas potentia
Slide 5: TDO here for the long haul
TDO here for the long haul For personal use only TDO has not gone to the capital markets since 2008 keeping the capital structure tight TDO undertook a major cost reduction initiative in 2016 representing almost half the forecast budget overheads The $600,000 annual savings, achieved through b
Slide 6: 3D Oil Snapshot
3D Oil Snapshot An oil and gas company focussed on eastern Australia with an exciting program on the For personal use only horizon Key Assets • 24.9% of VIC/P57 offshore Victorian permit – Significant potential remaining eg. Felix (~100 mmbbl) • 70% of T/49P offshore Tasmanian permit – Contains high
Slide 7: Gas demand and supply in Eastern Australia
Gas demand and supply in Eastern Australia Total annual consumption Demand and contracted supply For personal use only Source: http://gbb.aemo.com.au All 6 Qld CSG LNG are up and running tripling gas demand East coast total demand is 1800 PJ/annum (approximately 1.8 TCF) It is unlikely that CS
Slide 8: East coast gas supply - opportunity knocks
East coast gas supply - opportunity knocks Net Gas Flow 9 November 2016 For personal use only Forecast south east Australia gas demand and supply balance AEMO Gas Bulletin Board Source: http://gbb.aemo.com.au Demand/supply balance assumes CSG can meet the needs of Qld LNG Qld export LNG accounts
Slide 9: 2. Exploration T/49P
For personal use only 2. Exploration T/49P 9 Page 9
Slide 10: T/49P Overview
T/49P Overview A potentially significant Australian gas province 3D Oil has 70% equity and operator with its For personal use only adjacent infra-structure partner Beach Energy Ideally located to access East Coast gas market and adjacent the producing Thylacine (1.5 TCF GIP) and Geographe (0.5 TCF
Slide 11: Flanagan Prospect, T/49P
Flanagan Prospect, T/49P Flanagan, with up to 80sq km of closure, is now a ready to drill For personal use only prospect The structure is detailed by the recent Flanagan 3D with the data allowing for high confidence in characterisation of the sub- surface structural and stratigraphic configurati
Slide 12: T/49P Prospectivity
T/49P Prospectivity For personal use only T/49P is interpreted to lie within a rich and active petroleum system Neighbouring Thylacine is ‘full to spill’ strongly supporting our view of significant gas in the system With numerous large leads and the necessary geological elements present the re
Slide 13: T/49P Prospectivity
T/49P Prospectivity In addition to the Flanagan Prospect at least 5 leads have been For personal use only identified from a broad grid of 2D seismic data There is significant potential to uncover further leads in the central and southern portions of the permit The petroleum system sourcing Thy
Slide 14: T/49P - Seal Rocks Lead
T/49P - Seal Rocks Lead The Seal Rocks Lead is an excellent example Low amplitude facies, Late For personal use only Santonian and Campanian of the further potential within T/49P marine shales. Optimally located for hydrocarbon charge from late Tertiary burial Eumeralla O.porifera Basement Multi
Slide 15: T/49P Indicative Economics
T/49P Indicative Economics For personal use only Indicative economics are strong: Robust project for field sizes greater than 400 BCF @ $6/GJ gas price Flanagan Best Estimate of Prospective Resource of 1,380 BCF would be very valuable At $8/GJ gas price the analysis indicates NPVs of Munro approx
Slide 16: 3. VIC/P57 Exploration
For personal use only 3. VIC/P57 Exploration The planned sale of a portion of Esso-BHPB’s Gippsland Basin assets and infrastructure is potentially a watershed event in the history of this world class petroleum province. 16 Page 16
Slide 17: VIC/P57 Overview
VIC/P57 Overview VIC/P57 has numerous high quality prospects and leads remaining. The JV will now broaden its focus to For personal use only include a review of gas prospectivity. The permit covers approximately 449 km2 along the prospective Northern Margin The Felix structures remains an exciti
Slide 18: Potential significant gas trend
Potential significant gas trend For personal use only Gas play trend which includes Lucifer, Dexter and Kangafish Dexter Lead KangaFish Lucifer Lead Sperm Whale Patricia Lead Emperor Sweetlips Longtom On trend with previously developed Longtom field Sunfish Salsa Lead Wirrah Tuna Similar geolo
Slide 19: VIC/P57 - Felix Prospect
VIC/P57 - Felix Prospect The Felix Prospect still has a great address and is independent of the Sea Lion result For personal use only Located between two oil fields (Wirrah and Moonfish) and appears larger at the sub-volcanic level which contains oil in both fields Contains potential deep gas pr
Slide 20: 5. Conclusion
For personal use only 5. Conclusion 20 Page 20
Slide 21: 3D Oil poised to move forward after a year of consolidation
3D Oil poised to move forward after a year of consolidation TDO continues to successfully navigate through a difficult financial climate For personal use only International farmout • TDO in advanced discussions with a number of process for T/49P companies In house studies have • Geophysical analysis
Slide 22: Up Coming Activities
Up Coming Activities 3D Oil has high ambitions For personal use only Complete farmout of T/49P Undertake planning for drilling in T/49P in 2017/2018 Talking to other operators in region to form rig club to mobilise a semi sub Potential new permit acquisitions Prudently and diligently review new
Slide 23: Contacts
Contacts For personal use only Noel Newell Executive Chairman 3D Oil Limited Level 5, 164 Flinders Lane Melbourne, Victoria 3000 Phone: +61 3 9650 9866 Fax: +61 3 9639 1960 Email: nnewell@3doil.com.au Page 23