Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Investor Presentation (September 2023)
12 slides from Omega Oil & Gas's investor presentation, Sep 6, 2023
Slide 1: New energy for East Coast gas markets
New energy for East Coast gas markets Good Oil | September 2023 For personal use only THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this document has been prepared for information purposes only and does not constitute a prospectus, or an offer, invitation, solicitation or recommendation with respect to the
Slide 3: Bringing new energy to East Coast Australia
BRINGING NEW ENERGY TO EAST COAST AUSTRALIA ➢ Gas and liquids portfolio in SE Queensland’s Taroom Trough ➢ Innovative, high impact appraisal of the Canyon discoveries in 2024 For personal use only ➢ Strong technical and leadership team with Australian and international deep/tight gas experience ➢ Fu
Slide 4: Board and Management
BOARD AND MANAGEMENT MANAGEMENT For personal use only Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Strategic Advisor STEPHEN HARRISON LAUREN BENNETT MICHAEL SANDY QUENTIN FLANNERY ANDREW HACKWOOD TREVOR BROWN Stephen brings to the Board Lauren is a
Slide 5: Corporate Snapshot (As at September 2023)
CORPORATE SNAPSHOT (As at 5 September 2023) Market Capitalisation1 Cash Shares on Issue Net Debt A$ 29.2 million A$ 21 million 187.4 million Nil Reserves & Resources2 For personal use only Reserves 130,133 bbls Contingent Resource 723,301 bbls Prospective Resources 3 TCF gas 233 mmbbls associated li
Slide 6: Taroom Trough - Next Generation East Coast Gas Supply
TAROOM TROUGH - NEXT GENERATION EAST COAST GAS SUPPLY ➢ Proven, large scale tight-gas play with multi-TCF potential ➢ Several operators (including Majors) are actively de-risking the play ➢ Near-term production potential into a favourable market For personal use only ➢ Cost advantage ➢ Close to pipe
Slide 7: Omega's Opportunity
OMEGA’S OPPORTUNITY ➢ Two successful discovery wells in the last 12 months: ❖ High gas readings throughout the Permian Kianga/Tinowon ❖ Canyon- 1 intersected high gas readings within a 394m interval ❖ Canyon- 2 intersected high gas readings within a 360m interval For personal use only ❖ Oil shows we
Slide 8: Omega's Taroom Trough Deep Permian Gas Play
OMEGA’S TAROOM TROUGH DEEP PERMIAN GAS PLAY ➢ Canyon wells prove the deep Permian play Taroom Trough – activity on the rise Large Continuous ➢ Multiple, thick packages of gas saturated rock Unconventional Resource ➢ Omega’s Prospective Resources - 3,000 PJs of gas/233mbbls (2U) of associated liquids
Slide 9: Large Scale, Continuous, Deep Permian Tight Gas Play – Mixed Lithologies
LARGE SCALE, CONTINUOUS, DEEP PERMIAN TIGHT GAS PLAY – MIXED LITHOLOGIES Canyon-2 Canyon-1 Total Gas recorded while drilling Tasmania-1 Rewan Formation For personal use only Rewan Marker Kianga Formation 3365.5 m MD 3510 m MD 3646 m MD 360m Wallabella CM Muggleton Fm 394m Basement 0 5 10 km OMEGA OI
Slide 10: Canyon-1 Horizontal Section Drill and Fracture Program
CANYON-1 HORIZONTAL SECTION DRILL AND FRACTURE PROGRAM ➢ In 2024 Omega will re-enter the existing Canyon-1 vertical well: ❖ Drill a horizontal section ❖ Multi-stage stimulation ➢ Deep Permian play appears to meet all the major requirements for a multi- well, horizontal completion strategy: For perso
Slide 11: Forward Plan - Can Commercial Flow Rates Be Achieved?
FORWARD PLAN - CAN COMMERCIAL FLOW RATES BE ACHIEVED? Next 6 Months 6 – 18 months 18 months + For personal use only Long Term Strategy Design and Planning Phase Execution Phase • Multi-well appraisal drilling • Finalise landing zone for Canyon- • Drill Canyon-1H horizontal 1H horizontal section sect
Slide 12: For All Enquiries Please Contact
For personal use only FOR ALL ENQUIRIES PLEASE CONTACT LAUREN BENNETT | CEO & MANAGING DIRECTOR JONATHON FEIL | CORPORATE ADVISOR 0439 911 912 | LAUREN.BENNETT@OMEGAOILANDGAS.COM.AU 0402 824 211 | JONATHON@PRENZLERGROUP.COM.AU THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD O
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