Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Investor Presentation (November 2023)
17 slides from Lakes Blue Energy Nl's investor presentation, Dec 1, 2023
Slide 1: Lakes Blue Energy Shareholder Presentation
1 For personal use only Lakes Blue Energy Shareholder Presentation Roland Sleeman, CEO 30 November 2023
Slide 2: Cautionary Statement
Cautionary Statement This presentation has been prepared by Lakes Blue Energy NL (‘Lakes Blue Energy’, ‘LKO’ or ‘Company’). By accessing this presentation you acknowledge that you have read and understood the following statement. For personal use only Cautionary Statement The Company is not aware of
Slide 3: 2022/23 Overview
2022/23 Overview For personal use only PNG Technical Work South Australian Victorian Focus: Program Completed. Acreage Farmout to Work underway to Prospect Potential Gehyra Flux; Native secure drilling Confirmed title work underway approvals Enterprise North Nangwarry Prospect Identified, Marketing
Slide 4: 2022/23 Overview – PNG
2022/23 Overview – PNG For personal use only • 4-way dip closure clearly defined. • Unrisked Gross Recoverable ~590 Mboe (3.3 Tcf). • Main Risks: • Source rock presence • Reservoir quality Image courtesy of TotalEnergies
Slide 5: Current Issues
Current Issues • Trading of LKO Shares For personal use only • Discussions with ASX are ongoing. • Lakes has funding arrangements in place and is actively operating multiple near term exploration projects. • Funding • Funding arrangements are in place for 2024 through farmout arrangement with Cooper
Slide 6: For personal use only
Forward Strategy For personal use only Secure Approval for and Drill the highly-prospective, relatively low-risk Enterprise North-1 well Expedite Development of Enterprise North using Adjacent Infrastructure. Generate Gas Sales Revenue Secure Approval for Drilling of Wombat-5. Contingent (2C) Resour
Slide 7: Near Term Victorian Focus
Forward Strategy – Near Term Victorian Focus For personal use only Otway-1 22.5 Bcf prognosis Portland Energy Project Wombat 3 Tcf potential Enterprise North Trifon/ Gangell 209 Bcf OGIP 719 Bcf 2C prognoisis
Slide 8: First: Enterprise North
Forward Strategy – First: Enterprise North • Interpreted gas-charged sands cause bright amplitude anomaly on seismic. For personal use only • Subsurface risk reduced through correlation to known reservoirs. A A’ B B’ C C’ Enterprise North Enterprise Minerva
Slide 9: Rationale
Forward Strategy – Rationale • Enterprise North has advantageous onshore location, in proximity to existing, underutilised infrastructure For personal use only • Target Waarre Formation is a prolific gas producer. Nearby Enterprise well flowed ~60 TJ/d from similar Formation thickness.1 • Southeaste
Slide 10: Wombat Gas Field
Forward Strategy – Wombat Gas Field • Certified Contingent (2C) gas resources already in place: For personal use only o Wombat field – 329 Bcf. o Trifon/Gangell field – 390 Bcf. • Wombat-5 well. o Conventional, lateral gas well. o Estimated 10 TJ/d potential. o Approvals process underway. • Developm
Slide 11: Wombat-5 Gas Well
Wombat-5 Gas Well For personal use only Wombat-5: 1.5 km lateral targeting upper Strzelecki Formation
Slide 12: Otway-1 Gas Well
Forward Strategy – Otway-1 Gas Well For personal use only • Located within PEP 169 (49% LKO). • Potentially drilled in campaign with Enterprise North-1 well. • Approval process underway. • Conventional vertical well, adjacent to Iona Gas Storage. • Targets 3 distinct reservoirs. o Pebble Point Sands
Slide 13: Portland Energy Project
Forward Strategy – Portland Energy Project • Project 'Focus Area’ in SW corner of PEP 175 (100% LKO) For personal use only • 3 Tcf conventional gas resource defined by SRK Consulting. Focus Area • Greenslopes-2 and Portland Energy-1 conventional wells proposed to confirm gas production potential of
Slide 14: Highlights
Highlights For personal use only • Significant Onshore Conventional Victorian Gas Opportunities being Pursued • All Opportunities Can be Brought to Market Quickly • Eastern Australian Gas Market is Suffering Supply Shortfalls and Very High Prices • Onshore Conventional is Much Lower Cost than Offsho
Slide 15: Sources of Resource and Deliverability Estimates
Sources of Resource and Deliverability Estimates Enterprise North Resource estimates have been prepared by Mr John Mackintosh, Reservoir Engineering Advisor, DGR Global Limited. Mr Mackintosh For personal use only has over 25 years of diverse oil and gas industry experience and has significant reser
Slide 16: Sources of Resource Estimates
Sources of Resource Estimates Buna Prospect, PPL 560, PNG Source of 3.3 Tcf estimate: “Undiscovered Hydrocarbon Resources, Petroleum Prospecting Licence (PPL) Blocks 257 and 258, Papua For personal use only New Guinea”, 31 August 2010, Fekete Associates Inc. 590 Mboe estimate provided by TotalEnergi
Slide 17: South Australia – Arrowie Basin
South Australia – Arrowie Basin • PEL applications (53,000 km2) being progressed under JV. For personal use only • Hydrocarbon potential confirmed by Santos at Wilkatana. • Aim to investigate Cambrian - Proterozoic mega field potential. 0 50 100 150 200 250
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