Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Shareholder Meeting (March 2023)
24 slides from Omega Oil & Gas's shareholder meeting presentation, Mar 22, 2023
Slide 1: Extraordinary General Meeting
For personal use only Extraordinary General Meeting 22 March 2023 Lauren Bennett | CEO Stephen Harrison | Chairman 1 EGM | 22 March 2023
Slide 2: Disclaimer
Disclaimer For personal use only This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega). 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 res
Slide 3: Disclaimer
Disclaimer For personal use only Nothing in this presentation, either alone, or in combination with any other document or information, is or is to be taken to be a solicitation, offer or invitation to buy, or other proposal to subscribe for or sell shares or any other security in Omega. This present
Slide 4: Listing Rule 5.43 Disclosure
Listing Rule 5.43 Disclosure For personal use only SLIDE 9 & SLIDE 16 The estimates of Reserves and Contingent Resources reported in this ASX Announcement have been independently reviewed and verified by Fluid Energy Consultants and were first reported in the Independent Expert Report prepared by Mr
Slide 5: CEO/MD Presentation
CEO/MD PRESENTATION For personal use only OMEGA OIL AND GAS LIMITED 5
Slide 6: Corporate Dashboard
CORPORATE DASHBOARD Capital structure as at 28 February 2023 For personal use only ASX ticker OMA Share price $ 0.18 Shares on issue 159.8m Options and performance rights 22.2m Market capitalisation (undiluted) $ 28.8m Cash $ 11.3m Debt Nil Major shareholders at 28 February 2023 Shareholder Number o
Slide 7: For personal use only
COMPANY UPDATE For personal use only OMEGA OIL AND GAS LIMITED 7
Slide 8: Our Portfolio
OUR PORTFOLIO For personal use only PL 17 Proven oil resource, with current oil production from existing wells Significant room for production uplift with investment in well workovers and new production wells Indicated substantial CSG resource ATPs 2037 & 2038 Area of over 250,000 acres and located
Slide 9: Permian Deep Gas - ATP 2037 & 2038
Permian Deep Gas - ATP 2037 & 2038 For personal use only • Refer Listing Rule 5.43 Disclosure (Page 4). • ATP 2037 and 2038 are the most important in Omega’s portfolio as they contain very large Prospective Gas and Liquid Hydrocarbon Resources in the Permian Kianga Formation. • Omega will execute a
Slide 10: Permian Deep Coal - ATP 2037 & 2038
Permian Deep Coal - ATP 2037 & 2038 For personal use only Permian Coals • Within Permian gas fields in the Cooper Basin, coals have been fracture stimulated and provide incremental gas reserve and gas flow. * • Coals store gas in both porosity and within the coal matrix (adsorption). • Coals can hav
Slide 11: Canyon Drilling Update
CANYON DRILLING UPDATE For personal use only OMEGA OIL AND GAS LIMITED 11
Slide 12: Permian Deep Gas – Canyon-2
Permian Deep Gas – Canyon-2 For personal use only Rig: SLR 185 Spud: 4.30 am 19 March 2023 Expected TD: 3550m Rig at dusk Rig and camp EGM | 22 March 2023 12
Slide 13: Drilling Campaign Update
Drilling Campaign Update For personal use only Operations update As of 6.00 am 20 March 2023 Canyon-2 was at a depth of 410m Well was drilling 12 ¼” hole within the Wallumbilla Formation EGM | 22 March 2023 13
Slide 14: Canyon-1
Canyon-1 For personal use only Canyon-1 lease and pad The lease preparation for Canyon-1 is complete EGM | 22 March 2023 14
Slide 15: Bennett Oilfield Update
BENNETT OILFIELD UPDATE For personal use only OMEGA OIL AND GAS LIMITED 15
Slide 16: PL Bennett and Leichhardt oil fields
PL 17 Bennett and Leichhardt oil fields For personal use only Bennett Oil Field 450 acres • Refer Listing Rule 5.43 Disclosure (Page 4). The above estimates of oil reserve and contingent oil reserve are higher than the estimates first reported in the Independent Expert Report prepared by Mr Doug Bar
Slide 17: Bennett Field
Bennett Field For personal use only EGM | 22 March 2023 17
Slide 18: Formal Business
FORMAL BUSINESS For personal use only OMEGA OIL AND GAS LIMITED 18
Slide 19: Resolution – Ratification of Prior Issue of First Tranche Subscription Shares
RESOLUTION 1 For personal use only Resolution 1 – Ratification of Prior Issue of the First Tranche Subscription Shares To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders
Slide 20: Resolution – Approval of Issue of Second Tranche Subscription Shares
RESOLUTION 2 For personal use only Resolution 2 – Approval of Issue of the Second Tranche Subscription Shares for the purposes of ASX Listing Rule 10.11 To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “That, for the purposes of ASX Listing Rule 10.11, and
Slide 21: Poll
POLL For personal use only OMEGA OIL AND GAS LIMITED 21
Slide 22: Other Business & Close of Meeting
OTHER BUSINESS & CLOSE OF MEETING For personal use only OMEGA OIL AND GAS LIMITED 22
Slide 23: General Questions
GENERAL QUESTIONS For personal use only OMEGA OIL AND GAS LIMITED 23
Slide 24: Thank You
THANK YOU For personal use only OMEGA OIL AND GAS LIMITED 24