Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Lakes Oil N.L. — Resources Victoria Conference (August 2008)
30 slides from Lakes Blue Energy Nl's conference presentation, Aug 26, 2008
Slide 1: Australia's Oldest Oil Company
Australia’s Oldest Oil Company For personal use only Lakes Entrance Oil Shaft, 1940’s Site of discovery well at Lake Bunga Oil from Lakes Entrance Oilfield Discovery Well Lake Bunga – 1, 1924
Slide 2: Tight Gas: 'A Lonely Journey'
For personal use only Lakes Oil N.L. Tight Gas ‘A Lonely Journey’ “Have you heard about the 17 year – overnight sensation” Rob Annells
Slide 3: The Tight Gas Story
The Tight Gas Story For personal use only COMMERCIALITY THROUGH NEW TECHNOLOGY Lakes Oil has learned a tremendous amount about the onshore Gippsland Basin following the investment of over $40m in drilling, stimulating and testing activities: • Unique position to market • Next to one of Australia’s m
Slide 4: Murray, Gippsland and Otway Basins
Murray Basin «Horsham Gippsland Basin Hamilton Otway Basin Kilometres
Slide 5: Most advanced in our portfolio
Most advanced in our portfolio For personal use only
Slide 6: Trifon Stimlog: 1050 meters of sands
Trifon 2 Stimlog : 1050 meters of sands For personal use only
Slide 7: Wombat Field
For personal use only Wombat Field
Slide 8: Schematic Cross Section showing updip potential at Top Strzelecki
Sw TWT (Milliseconds) 0.6 0.8 NE Proposed . McCreesh-1 Wombat-4 Wombat-2. Wombat-3 Wombat-1 Merriman-1 > 2260m, © <1041m> 3 1011m YE<——1858m——> T | | | | LatRoBe | GRouP /GOLDEN | BEACH GROUP STRZELECKI GROUP 0 1 2 Kilometres Updip potential at Top of Strzelecki Unconformity | TD 2178m AKES OIL N.L.
Slide 9: Wombat-1
Wombat-1 For personal use only • 1st Strzelecki gas flow • Highest Strzelecki gas flows 2 mmcfd (max) • 500m net gas column
Slide 10: What Is A Hydraulic Fracture?
What Is A “Hydraulic Fracture” ? For personal use only • The use of fluids to apply hydraulic pressure to create a crack in a rock formation • The continued injection of fluids into the created crack or “fracture” to make it grow larger • The placement of small granular solids into the crack to insu
Slide 11: Hydraulic Fracture Stimulation
Hydraulic Fracture Stimulation For personal use only • TECHNOLOGY CHANGES OVER THE LAST 10 YEARS • Sequential multiple zone stimulation. • Increased fracture propagation length. • Dramatic improvements in synchronised breaker technology. • Improved computer modelling to allow accurate pre-frac predi
Slide 12: Wombat-1 Fraccing in
For personal use only Wombat-1 Fraccing in
Slide 13: Radial Flow Path in Non-Fractured Reservoir
Radial Flow Path in Non-Fractured Reservoir For personal use only Wellbore Hydrocarbon Flow Paths Overhead view of reservoir
Slide 14: Linear Flow Path in a Hydraulically Fractured Reservoir
Linear Flow Path in a Hydraulically Fractured Reservoir For personal use only Hydraulic Fracture Hydrocarbon Flow Paths Overhead view of reservoir
Slide 15: Wombat-2
Wombat-2 For personal use only • Sustained gas rate of 680 mcfd from 1 fracture-stimulated zone. • Better zones expected from deeper drilling
Slide 16: Wombat-3
Wombat-3 For personal use only • 2 zones fracture stimulated. • Flared gas during drilling and post-frac from upper fracture stimulated zone
Slide 17: Canadian Frac Array / Wombat Frac Array
Canadian Frac Array For personal use only Wombat Frac Array
Slide 18: Permeability Terminology (In-situ)
For personal use only Permeability Terminology (In-situ)
Slide 19: USA Tight Sands Basins
For personal use only USA Tight Sands Basins Shale Gas Basins in U.S.
Slide 20: Types of oil and gas resources in US provinces
For personal use only Schematic diagram of the types of oil and gas resources assessed in provinces of the United States. Both conventional and continuous resources are assessed. Coalbed gas is considered to be a type of continuous gas accumulation (Schenk and Pollastro, 2002)
Slide 21: Vertical Well – Stacked Reservoir
Vertical Well – Stacked Reservoir For personal use only Multiple Stimulation Stages
Slide 22: Lance Tight Gas Sand Fairway
Lance Tight Gas Sand Fairway For personal use only
Slide 23: Producing Equivalent: The Pinedale Anticline, Wyoming
Producing Equivalent: For personal use only The Pinedale Anticline, Wyoming
Slide 24: Boundary Creek-1
For personal use only Bounday Creek-1 Gas column of 300 meters (700 to 1050 meters)
Slide 25: Predicted Single Well Gas Rate
Predicted Single Well Gas Rate For personal use only
Slide 26: Typical Pinedale Well Production Profile
Typical Pinedale Well Production Profile AVERAGE DAILY PRODUCTION YEARS OF PRODUCTION
Slide 27: Proppant Settling on Ledges
For personal use only Proppant Settling on Ledges Variable static Variable dynamic fracture width at fracture width Closure with propping during pumping At ledges
Slide 28: Mineback Fractures
For personal use only Mineback Fractures
Slide 29: For personal use only
For personal use only Weak shear plane Terminus of a 10m cored fracture
Slide 30: On the verge of developing Victoria's first tight gas field
For personal use only Lakes Oil N.L. on the verge of developing Victoria’s first Tight gas field
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