Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Lakes Oil N.L. — Shareholder Meeting (September 2006)
18 slides from Lakes Blue Energy Nl's shareholder meeting presentation, Sep 18, 2006
Slide 1: Lakes Oil N.L.
LAKES OIL N.L. A.C.N. 004 247 214
Slide 2: Victorian Permits
VICTORIAN PERMITS VICTORIAN PERMITS showing fields & pipelines AKES OIL, [5 takes 04 100% | HB ckes 0% 26% GD takes ol 50% | GHD cates ot 6%
Slide 3: Previous Seismic Surveys
PREVIOUS SEISMIC SURVEYS * Offshore has been extensively surveyed over a 30 year period. * Onshore seismic coverage is sparse and old. Last seismic onshore in 1984. Major technological advances since 1984 nol yel applied onshore. Planning to acquire 3D seismic over the Wombal/Irifon fields to underp
Slide 4: Producing Equivalent: Pinedale Anticline
Producing Equivalent: Pinedale Anticline PEP. 157 o> Tight Gis. Asean ! oro &piotentiel | | FEZ tes proposed taretinguishment PEP 157 Onshore Gippsisnd Basin, Victoria AKES OILN.L. a RETENTION LEASE APPLICATION
Slide 5: Wombat-1
WOMBAT-1 i TENE 1st Strzelecki gas flow Highest Strzelecki gas flows 2 mmcfd (max) 500m net gas column Estimated 0.875TCF gas | ieee ee oe a eS i 2 3 _£ E an: F oo i nee
Slide 6: Wombat Field Production Acre Spacing, ft Net Pay per Zone
Wombat Field Production 40 Acre Spacing, 05 ft Net Pay per Zone 50M 4200 eo 3 2B» = & 1500 & spon - o 15 are of Producti
Slide 7: Volumetrics
Volumetrics oc Gangelt struct place volume of 2 & Triton structure has an ated of 32.0 bef based on lente ove DST data, However, post- frac gas flowed to surface fram the 3. r in Trifon 2 and could large the qas-in place me 16 5595 bef. Oo wegiven for these fields
Slide 8: Typical Pinedale Well Production Profile
ze Typical Pinedale Well Production =) Profile PETROLEUM AVERAGE DAILY PRODUCTION MMcf/d 3 4 5 6 7 YEARS OF PRODUCTION
Slide 9: Wombat #2 Production Tests
2 3 & g g 3% cc) Wombat #2 Production Tests Wombat 2 Production Rate Forecasts 200 psi FBHP 96 420 Time, brs = March_05Test © May_05 Test —=m=XF86
Slide 10: Wombat #2 - Current Completion
== Wombat #2 - Current Completion = Loy Yang #1A - Low Case Loy Yang #1A - High Case Loy Yang #1A - Most Likey Case
Slide 11: Long Term Production Potential
Long Term Production Potential - =. . i. =.=... . =. 8 =r c w...Crr—t—“‘;SCON:COCOC*COi‘(C(é(yCCO”:;COt#tCOtstCié‘( (ROCCO lee yee ta ba — Loy Yang #1A - Low Case ' Loy Yang #1A - High Case
Slide 12: Loy Yang Dome
Loy Yang Dome TURE CONTOURS : STRZEL
Slide 13: Loy Yang Dome
Loy Yang Dome LOY YANG DOME | cross-section lines @ SECV hore totop ‘srzeleck! Group ® petroleum well structure contours on — topor-sirzetectt Group Go ikm / — 3 Possible vertical closure al top Strzeleck| Group, 200m over an area of approximately 20 sq. km.
Slide 14: Loy Yang-1 Dip Cross-Section
Loy Yang-1 Dip Cross-Section D 823.2 LAKES OI NAL SECTION ‘C’
Slide 15: Loy Yang-2 well site with Loy Yang A power station
Loy Yang-2 well site with Loy Yang A power station in background and Loy Yang-1A well in foreground
Slide 16: Slide 16
Slide 17: Development Project
Zz af a Development Project _ Eagle North-1 (2006) a [} Mary Bellocchi-1 220 bopd (1986) sm heomecoren 4h0y
Slide 18: Slide 18
Lakes Oil N.L. — Shareholder Meeting (September 2006) on 6ix