3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2013)
22 slides from 3d Energi's shareholder meeting presentation, Nov 25, 2013
Slide 1: 3D Oil Limited Annual General Meeting
For personal use only 3D Oil Limited Annual General Meeting At Baker & McKenzie William Street Melbourne 25 November 2013
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 3 Page 3
Slide 4: 3D Oil Snapshot
3D Oil Snapshot An oil and gas company with exciting development plans and strong growth potential For personal use only poised to be Australia’s next oil producer Key Assets • Key asset is 49.9% of VIC/P57 offshore permit – Planned development: West Seahorse oil field (9.2mmbbl, 2C) – Leading prosp
Slide 5: Relative valuation
Relative valuation 3DO trades at a significant discount to other Australian and New Zealand oil-focused For personal use only producers. EV/(2P+2C) ($/boe) $20.00 Juniors Oil-focused producers $18.00 Ave: $12.34/boe $16.00 $14.00 $12.00 $10.00 $8.00 ∆ $8.131 ∆ $10.421 $6.00 $4.00 $2.00 $0.00 Source:
Slide 6: 2. West Seahorse Development
For personal use only 2. West Seahorse Development 6 Page 6
Slide 7: West Seahorse Field
West Seahorse Field Estimated to contain 2C contingent resources of 9.2 mmbbl. For personal use only Overview Contingent Resource • Located 14km offshore from the coast mmbbl • 35m of water 14.5 16 • 1,400m drilling depth 14 12 • Reserves contained within two high quality 9.2 reservoirs 10 8 • Neigh
Slide 8: Development Plan is now locked in
Development Plan is now locked in Offshore production is planned using a MOPU, FSO and Calm Buoy. For personal use only • Two production wells – Drilled and completed by a Modular Drilling Rig – Wells be completed on the Mobile Offshore Production Unit (MOPU) • Production will be via a MOPU (Leased)
Slide 9: West Seahorse Development has a rig
West Seahorse Development has a rig West Seahorse JV purchases jack-up For personal use only • The Britannia is a large 4 leg jack-up rig that will be converted to a MOPU Suited to the harsh operating conditions of the Bass Strait Previously working long term for Shell in the North Sea Purchas
Slide 10: West Seahorse – Indicative Economics
West Seahorse – Indicative Economics West Seahorse has high early production with <1 year payback. For personal use only West Seahorse FIELD OPR gca_mid2c • Production metrics GCA Mid Case Model, 2 Wells FIELD OPT gca_mid2c FIELD WCT gca_mid2c Illustrative production profile 2 well production at 1
Slide 11: 3D Oil remains on target for drilling within months
3D Oil remains on target for drilling within 12 months Key next steps are FID and financing prior to commencing drilling in late 2014. For personal use only Significant progress has been made in 2013 2012 1H 2013 Current • Hibiscus farmin (December) • Preliminary Field Development • Production Licen
Slide 12: 3. VIC/P57 Exploration
For personal use only 3. VIC/P57 Exploration 12 Page 12
Slide 13: Exploration targets
Exploration targets VIC/P57 is located on trend of a prolific ‘sweet spot’ in the Gippsland Basin, For personal use only - with an historical success rate in the region of better than 2 in 3. The permit was renewed in August 2011, and covers approximately 483km2 2 significant prospects identifie
Slide 14: Sea Lion Prospect
Sea Lion Prospect Sea Lion has a best estimate prospective resources of 11 mmbbl. For personal use only • Sea Lion targets the Upper Latrobe group On trend with the oil discoveries in region reservoirs, similar to the West Seahorse field – An independent expert has reviewed the seismic Sea Lion inte
Slide 15: Felix Prospect
Felix Prospect Felix has the best oil address in Australia. For personal use only Felix • Large inversion feature along the Rosedale Fault Lakes Entrance System with potential for large oil reserves Top Latrobe • Located between two oil fields (Wirrah and P1 coal Moonfish) and appears larger at the
Slide 16: Near Field Exploration – Hippo
Near Field Exploration – Hippo • Hippo is feature within the greater West For personal use only HIPPO Seahorse closure • Potential for sand development in N-0 sand (mistakenly termed the Gurnard Formation) which was poorly developed in Wardie-1 but contained oil • Within the Hippo and Wardie lobes t
Slide 17: 4. New Field Exploration (T/49P)
For personal use only 4. New Field Exploration (T/49P) 17 Page 17
Slide 18: T/49P Overview
T/49P Overview 3D Oil is currently 100% equity holder in T/49P For personal use only • Interpreted to contain all the geological A potentially significant Australian gas province elements required for sizeable accumulations of hydrocarbons – Adjacent Thylacine (1.5 TCF GIP) and Geographe (0.5 TCF GI
Slide 19: T/49P Prospectivity
T/49P Prospectivity Permit has all the ingredients for an rich and active petroleum system For personal use only Numerous large leads identified on regional 2D seismic of similar size to Thylacine Sequence stratigraphic analysis indicates most of the leads have good quality overlying seal Al
Slide 20: 5. Conclusion
For personal use only 5. Conclusion 20 Page 20
Slide 21: 3D Oil's time has arrived
3D Oil’s time has arrived After 10 years of preparation, first oil is anticipated within 18 months (early 2015). For personal use only • Final Investment Decision for West Seahorse First oil is on the horizon development is targeted within 4 months • Hibiscus Petroleum, A$200m+ Malaysian company, Hi
Slide 22: Contacts
Contacts For personal use only Noel Newell Managing Director 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 22