3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2019)
22 slides from 3d Energi's shareholder meeting presentation, Nov 11, 2019
Slide 1: 3D Oil Limited AGM Presentation
3D OIL LIMITED AGM Presentation For personal use only 11 NOVEMBER 2019 Baker and McKenzie
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT 3D Oil has built a portfolio of high potential, frontier offshore exploration permits in Australia, including; offshore Western Australia (Bedout Sub-basin), offshore Tasmania (Otway Basin) and offshore Victoria (Gippsland Basin) For personal use only Corporate overview Share pric
Slide 3: Board of Directors
BOARD OF DIRECTORS Board and its advisors have significant oil and gas experience (former Director of BHP, Woodside) having led some of Australia’s largest corporates For personal use only Proven success of 3D Oil Board and management team ― Noel Newell, current Executive Chairman, is the Founder of
Slide 4: 3D Oil Highlights
3D OIL HIGHLIGHTS WA-527P Dorado -3 proves field commerciality For personal use only 3D Oil submits Environmental Plan for 3D Survey Reprocessing demonstrates channeling in permit critical for the Dorado trap T/49P EP for seismic approved on first submission Pending approval for Year 5 Suspension an
Slide 5: 3D Oil Strategy
3D OIL STRATEGY Throughout the last 12 months 3D Oil has strengthened the first two stages of its core strategy by: For personal use only ― Additional acquisition of early stage assets (recent acquisition of VIC/P74 in the proven Gippsland Basin), and, ― Continued addition of value through high qual
Slide 6: Building a Strategic Exploration Portfolio
BUILDING A STRATEGIC EXPLORATION PORTFOLIO 3D Oil has successfully increased its offshore acreage holding in order to position itself within strategic locations of Australia’s exploration landscape For personal use only 3D Oil ranks in the top 10 of Operators for Total Offshore Acreage Holding A
Slide 7: Portfolio Overview
PORTFOLIO OVERVIEW 3D Oil has opportunistically built a portfolio of significant positions in some of Australia’s most prospective offshore exploration basins For personal use only T49/P (100% owned) WA-527-P (100% owned) Exploration – Otway Basin 2 1 Exploration – Bedout Sub-basin 2012: 3D Oil re
Slide 8: WA-527-P: Asset Overview
1 WA-527-P: ASSET OVERVIEW The WA-527-P permit covers a large underexplored area that is situated adjacent to recent oil and gas condensate discoveries, including Dorado For personal use only ― 3D Oil has 100%-interest in the Permit locations and early Triassic TWT Structure permit ― Covering 6,580k
Slide 9: WA-527-P: Prospectivity Review
1 WA-527-P: PROSPECTIVITY REVIEW 3D Oil has mapped a potential erosional channel system within the western side of WA-527-P, similar to that which traps the Dorado oil discovery For personal use only Edge of Erosional Channel Bland Section/Shale fill Lower Triassic sands JN87_18A Legacy Data JN87_18
Slide 10: WA-527-P: Sauropod 3D Seismic Program
1 WA-527-P: SAUROPOD 3D SEISMIC PROGRAM Risk Analysis of WA-527-P will be improved by acquisition of modern 3D seismic data For personal use only Sauropod 3D Seismic Acquisition Area ― The Sauropod 3D Marine Seismic Program will have multiple objectives, including: Full Fold Acquisition Area: max 34
Slide 11: T/49P – Asset Overview
2 T/49P – ASSET OVERVIEW Vast frontier acreage with 10TCF Prospective Resource (Best Estimate)1 in shallow water in the Otway Basin Tenement overview For personal use only Asset overview ― T/49P was acquired by 3D Oil in 2013 through its bid in the 2012 Australian Offshore Gazettal round ANNIE ― 3D
Slide 12: T/49P – Prospective Resource Estimates
2 T/49P – PROSPECTIVE RESOURCE ESTIMATES In addition to the Flanagan Prospect at least 6 leads have been identified from a broad grid of 2D seismic data For personal use only 3D Hydrocarbon Migration Model, predicting migration of significant gas towards proven gas- condensate fields Thylacine and L
Slide 13: T/49P – Progress Towards New 3D Seismic
2 T/49P – PROGRESS TOWARDS NEW 3D SEISMIC 3D Oil continues to make progress towards acquiring a new 3D seismic survey, Dorrigo, with the intention of maturing several of these leads to prospect status For personal use only Proposed Dorrigo 3D Seismic Location ― The survey, named Dorrigo, will target
Slide 14: T/49P – Seal Rocks Lead
2 T/49P – SEAL ROCKS LEAD For personal use only • Seal Rocks is an important target for the upcoming seismic programme • Currently defined on sparse, widely spaced 2D Prospect resource Low Best High • 3D Oil reprocessing has improved understanding of the Seal Rocks Lead 0.95 4.64 10.64 structure (Re
Slide 15: Victorian Gas Supply
2 VICTORIAN GAS SUPPLY Gas supply for Victoria will reduce as existing production assets decline For personal use only Looming Shortfall of gas Annual Gas Production in SE Australia • Post 2019 there is a forecast of growing reduction of gas supply/demand in Victoria • Offshore Exploration and Devel
Slide 16: VIC/P57 – Asset Overview
3 VIC/P57 – ASSET OVERVIEW VIC/P57 has 7 Leads and Prospects defined by state of the art reprocessed 3D seismic data, and located within Australia’s most prolific producing basin For personal use only ― Located in the Gippsland Basin, which had initial reserves estimated at 4 billion barrels of oil
Slide 17: VIC/P57 – Pointer Overview
3 VIC/P57 – POINTER OVERVIEW Pointer has a best estimate prospective resource of 235Bcf recoverable gas, which in its location markets is a very attractive target For personal use only Pointer Prospect offset stack analysis on the CGG Reprocessing ― Gas Prospect within the excellent Image courtesy o
Slide 18: VIC/P57 – Felix Prospect
3 VIC/P57 – FELIX PROSPECT Low Risk Prospect, matured to drill-ready as a result of new CGG reprocessing For personal use only NORTH WIRRAH 1 WEST MOONFISH 1 FELIX PROSPECT ― Located between the Wirrah discovery and Moonfish Field Lr to Mid M.diversus M2 reservoir ― Closure at multiple levels includ
Slide 19: VIC/P74 – Asset Overview
4 VIC/P74 – ASSET OVERVIEW Large acreage located within the prolific Gippsland Basin and adjacent to the largest ever oil field in offshore Australia For personal use only Asset overview Tenement overview ― VIC/P74 initially acquired by 3D Oil in July of 2019 through its bid in the 2018 Australian O
Slide 20: Forward Work Program
FORWARD WORK PROGRAM 3D Oil is diligently working towards adding value to each of it’s strategically placed permits in order to maximise their marketability to the farm-out market For personal use only Q4 Q1 Q2 Q3 Q4 1 WA-527-P Farm-out campaign (100% 3D Oil) Bedout Sub-basin Acquisition and Process
Slide 21: Important Disclaimer
Important Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achie
Slide 22: Important Notes
Important Notes For personal use only Qualified Petroleum Reserves and Resources Evaluator Statement The Prospective Resources estimates in this release are based on, and fairly represent, information and supporting documents prepared by, or under the supervision of Dr David Briguglio, who is employ