Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Emerald Oil & Gas NL — Shareholder Meeting (November 2007)
24 slides from Emerald Resources Nl's shareholder meeting presentation, Nov 27, 2007
Slide 1: Results of Annual General Meeting
Level 2, 16 Altona Street West Perth WA 6005 Ph: 08 9482 0500 For personal use only Fx: 08 9482 0505 Email: info@emeraldoilandgas.com 27 November 2007 Centralised Company Announcements Platform Australian Stock Exchange 10th floor, 20 Bond Street Sydney NSW 2000 RESULTS OF ANNUAL GENERAL MEETING The
Slide 2: Emerald Oil & Gas NL
For personal use only Emerald Oil & Gas NL November 2007
Slide 3: Company Overview
For personal use only Company Overview • Perth based company, listed on the ASX in June 2006 • 12.75% interest earned in ARC operated EP104 in the Canning Basin (WA) – Valentine 1 and Stokes Bay 1 wells • Assets in US (South Texas, North Dakota) • 62.35m shares on issue • 35.63m listed options • AUS
Slide 4: Business Strategy
For personal use only Business Strategy To establish and develop positions in low risk onshore exploration assets in WA and the US • Partner with established local operators • Exposure to multiple wells • Advance quickly to producer status
Slide 5: Drilling Program - completed
For personal use only Drilling Program - completed • Greenbush #1 Aug 06 • NW Alice Mar 07 Discovery • Glamour Girl April 07 • Greenbush #2 May 07 • Pandura Aug 07 • Valentine 1 Aug 07 • Palito Blanco Sept 07 Discovery • Stokes Bay 1 Oct 07 Testing • Hope Nov 07
Slide 6: Share price performance
For personal use only Share price performance
Slide 7: Share price performance vs US Gas
For personal use only Share Price A$ - H 0.20 0.40 0.60 0.80 1.00 1.20 or iz A on m ad eu s M ar io O n rc ha r An d G sector ol tare de s n St at e A ur or Ad a el La ph i fa ye tte Fi rs S t A tr i us ke tra lia S n am so V n ic to ria Pr y Su me nd an Ad ce C v om an e t ce R id R g ed e ASX Comp
Slide 8: Drilling Program
Drilling Program For personal use only Project Emerald Emerald Timing Interest attributable potential resource (unrisked) * EP104/R1 – (Canning Basin WA) 12.75% 18 BCF Drilled (Oct 07) – Testing - Stokes Bay well 1.2 MMBO Nullara formation * Palito Blanco (Texas USA) 15% 10 BCF Drilled (Oct 07), 80+
Slide 9: Australian Projects - Canning Basin WA
Australian Projects - Canning Basin WA For personal use only
Slide 10: For personal use only
For personal use only Stokes Bay #1 well was deepened to the Nullara formation at 2,755m. Tested in November Valentine #1 vertical well tested the Virgin Hills formation
Slide 11: EP104 - Stokes Bay Prospect
For personal use only EP104 - Stokes Bay Prospect • Location: EP104, Canning Basin, WA • Objectives: All sands within Anderson formation / Nullara Carbonates • Emerald interest: 12.75% WI Royalties: 10% Government • Hydrocarbon potential: Top Deltaic member: 4.3 Mmbo Unit ‘A' Sand: 33.5 Bcf gas Unit
Slide 12: Canning Basin - EPA 4/05-6
For personal use only Canning Basin - EPA 4/05-6 • Location: EPA 4/05-6, Canning Basin, WA • Objectives: All sands within Anderson formation / Nullara Carbonates • Emerald interest: 100% • Royalties: 10% Government, 2% other • Hydrocarbon potential (Eve Rose Prospect): Top Deltaic member: 20 Mmbo Un
Slide 13: US Exploration - South Texas
For personal use only US Exploration South Texas “Texas has known petroleum deposits of about 8 billion barrels, approximately 1/3 of known US supply. It is the largest gas producing state in the US with onshore production increasing by 258 Bcf (approx. 5%) in 2006.” Natural Gas Year-In-Review, Ener
Slide 14: Benefits of Doing Business in USA
For personal use only Benefits of Doing Business in USA • Above average market prices for West Texas Intermediate (WTI) crude oil • Fluid deal flow available in the US for acquiring oil & gas leases • World’s biggest pool of petroleum industry expertise and established infrastructure • Availability
Slide 15: USA: South Texas Project Locations
USA: South Texas Project Locations For personal use only
Slide 16: US Partners
US Partners For personal use only Noble Energy Noble Energy ranks as one of the largest independent exploration and production companies in the U.S. Noble Energy has had success expanding internationally in non-traditional markets with significant economic potential and long reserve lives. Noble Ene
Slide 17: Palito Blanco Project
For personal use only Palito Blanco Project • Jim Wells & Duval Counties, South Texas • Objectives: Yegua Sands • Emerald interest: 15% WI in project • Royalties: 23% NRI: 77% • Reserve potential: - 10 Bcf gas, +/- condensate • Operator: OSO Exploration • First well drilled September 07, discovered
Slide 18: For personal use only
For personal use only Regional trend map showing the Palito Blanco development NW Alice Discovery and the NW Alice discovery in close proximity on Yegua trend in Duval and Palito Blanco Jim Wells Counties Development Texas, surrounded by producing fields.
Slide 19: NW Alice Project
For personal use only NW Alice Project • Jim Wells County, South Texas • Objectives: Yegua Sands • Emerald interest: 10% WI in project • Royalties: 23% NRI: 77% • Reserve potential: - 100 Bcf gas, 2.5 million bbls condensate • Operator: Noble Energy • First well drilled March 07, discovered >50 feet
Slide 20: For personal use only
For personal use only NW Alice Project area showing location of RJ Hunter #1 well offsetting the Delta-Gulf 1954 well. Large anticline structure under lease with potential for several well locations following 3D seismic acquisition. RJ Hunter #1 well location Delta-Gulf well drill in 1954
Slide 21: Hope Prospect
For personal use only Hope Prospect • Lavaca County, South Texas • Objectives: Wilcox Sands • Emerald interest: 6.87% WI in project • Royalties: 23% NRI: 77% • Reserve potential: - 65 Bcf gas, 1 million bbls condensate • Operator: Main Energy • First well drilled November 07, encountered uneconomic
Slide 22: Conclusion
For personal use only Conclusion To establish and develop positions in low risk onshore exploration assets in WA and the US • Proven management team • Targeting specific high potential areas • Focusing on low cost underdeveloped reserves • Leveraging relationships with local operators • Capitalising
Slide 23: Contacts
For personal use only Contacts • Office Address: Level 2, 16 Altona Street, West Perth WA 6005 • Phone: (+61 8) 9482 0510 • Fax: (+61 8) 9482 0505 • Web: www.emeraldoilandgas.com • Email: Bob Berven - Executive Director, Technical bberven@emeraldoilandgas.com John Hannaford - Executive Director, Fin
Slide 24: Thank you
For personal use only Thank you Disclaimer This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectation reflected in the statements are reasonable but they may be affected by a variety of variable
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