Odyssey Gold Limited · ASX:ODY
Odyssey Gold — Odyssey Energy — Investor Presentation (July 2006)
28 slides from Odyssey Gold's investor presentation, Jul 6, 2006
Slide 1: ga a
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Slide 2: Contents
ODYSSEY Contents ENERGY LIMITED Section1 : Company Overview > Corporate > Projects Section 2 : North Helper Gas Project, Utah > Regional Context > Drilling Results > Acreage Acquisition Section3 : Jester-Bloomington Gas Field Re-Development Project, Oklahoma > Regional Context > Re-Development Plan
Slide 3: Corporate
ODYSSEY ENERGY LIMITED Corporate > Odyssey Energy is an ASX listed US-focused E&P company. > 30M shares on issue, 4.5M convertible notes (@ $0.65) and 2M inventive options, > a0 Share Price market capitalisation A$18 million. Low risk — field extension, appraisal & re-development projects, material
Slide 4: Project Overviews
ODYSSEY ENERGY LIMITED Project Overviews > North Helper Gas Project - (ODY 30.0%) - > Jester-Bloomington - (ODY 33.3%) - Uinta Basin, Central Utah Extension of existing Helper Gas Field & greater Drunkards Wash complex CBM & tight gas play 5 wells drilled, 5 successes and 15 more to be drilled in ’0
Slide 5: North Helper Gas Project Regional Setting
ODYSSEY ENERGY LIMITED North Helper Gas Project Regional Setting Mottat > Located on the western part of the Uinta Basin in Central Utah. > Project area initially comprised 5,023 acres along the north edge of the Helper Field, which in turn lies immediately NE of the Drunkards Wash Field. > Discover
Slide 6: North Helper Gas Project Play Fairway
ODYSSEY ENERGY LIMITED North Helper Gas Project Play Fairway pidrogenic Bett! {Foreland Basin}- ae Strata ~*s Shale Member > The Ferron sands & coals prograded into the Central US Foreland Basin, with top, base & lateral seal provided by elements of the Mancos Shale. NE-SW trending depositional fair
Slide 7: Kenilworth & Appraisal Wells
ODYSSEY North Helper Gas Project ENERGY LIMITED — Kenilworth # 1 & 2 “Appraisal” Wells Ei >» Odyssey acquired its initial 15% WI after the drilling of the KRR #1 & #2 wells. — Corporate opportunity These wells demonstrated a continuation of the productive Ferron trend into the project area. The well
Slide 8: Test Results
ODYSSEY North Helper Gas Project ENERGY LIMITED Test Results WASATCH PLATEAU SAN RAFAEL SWELL -—— o Sanpete Vailey Woes Valley Graben Straight Coayon ( Book Cliffs d me Syncline Sapte des Vahty ate et an Cok if an Springs wie reek Farehers Dawe Gee ~ a 00 DR aga fe * evn oegaa d €asr Why have the te
Slide 9: Accelerated Drilling Program
ODYSSEY North Helper Gas Project ENERGY LIMITED Accelerated Drilling Program The success of the project has led to an accelerated 15-well drilling program. The first phase (8 wells) includes: > Two vertical wells — CC#11-1 and CC#15-5 (already drilled) > Six directional wells, drilled from the exist
Slide 10: 22,438 Acre Expansion of Project Area
ODYSSEY North Helper Gas Project ENERGY LIMITED 22.438 Acre Expansion of Project Area i = te - teem oe s abe ‘some | ans0hCth ws ma 4 “— ~~ Castlegate Fie! ES < ‘e" Soldier Field ing Pipelines Existi Existing NHGP Leases > {Biue & Green Outlines) = oleane. a santa -New North. Helper Leases High ight
Slide 11: Secondary Objectives
ODYSSEY North Helper Gas Project ENERGY LIMITED ‘Secondary’ Objectives Paradox Basin Uncompahgre Uinta Basin Douglas Creek Piceance Basin uplift arch Curtis, including Moab Tongue cee Stump Fm and related rocks 5 a as Entrada Se Leen ~ Carmal Kayenta Ss Carmel Fm : / TF LOB pt TTD TT mith oe ELLE LY
Slide 12: Mancos Shale
ODYSSEY North Helper Gas Project ENERGY LIMITED Mancos Shale ara | existing NHGP Leases “| (Blue & Green Outlines) 5. Current Test Well = (Cordingly Canyon. 15-5)) 0 iw >» Substantial production from Douglas Creek Arch area of adjacent Piceance Basin. Currently being tested in NHGP Cordingly Canyon
Slide 13: Mancos Shale — Douglas Creek Arch
ODYSSEY ENERGY LIMITED North Helper Gas Project Mancos Shale — Douglas Creek Arch et ac 3 mes Production Rates, Cathedral Fieid Mancos Shale 9.9 MMCFD Time a +3 2.9 MMCFD ne ia ne si BE ai . Cl BOER j E “ot o Hee isowels | Jad Ls TTL ‘ . aa . <T: pa oe a aig ‘ "Peet ee if BE TTP Elan [-f-1= baled ~
Slide 14: Jester-Bloomington Gas Field Re-Development Project
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Re-Development Project SPE TAS a Seo at AND GAS PLD iho Es >» Located in south-western Oklahoma, on-trend with the giant East & West Panhandle Fields. > Largest gas province in North America, with total gas-in-place in trend 117TCF and estimated re
Slide 15: Jester-Bloomington Gas Field Location
ODYSSEY Jester-Bioomington Fi Granite Wash Developed on partial 160AC/Spacing Brown Dolomite Never fully developed 7.9 BCF / 49 MBO - + 10 MCFD 24,400 Acres ¢ a ° * eS Minas: Jester-Bloomington Gas Field ENERGY LIMITED Location tt o\ee Sayre . “Nant Fork Red Rig] J > Adjacent to the , ° « ey . 206BC
Slide 16: Summary
Vv Vv Vv Vv Vv Vv Vv ODYSSEY Summary Odyssey has a material (30%+) interest in two low risk field extension plays in prolific onshore US basins. Successful completion of the KRR#1 & #2 wells proved the extension of the Drunkard’s Wash complex into the North Helper project area. Flow rates from the f
Slide 17: Summary
ODYSSEY North Helper Gas Project ENERGY LIMITED Summary $5 ge matte SSK Existing NHGP Leases {Biue & Green Outlines) 4 WW Eerron Play Fairwa' ee - Mancos Play Fairway W Blackhawk Play > 5,023 acres / 30+ Locations in NHGP => 7,000 acres / 44 Locations > Additional 6,000 acres on-trend >» Resource po
Slide 18: Important Information
ODYSSEY Important ENERGY LIMITED Information This document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s
Slide 19: Additional Information
BY ODYSSEY ENERGY LIMITED Additional Information
Slide 20: Blackhawk Coals & Sands
ODYSSEY North Helper Gas Project ENERGY LIMITED Blackhawk Coals & Sands —_- sa 7 2 yphegnii \ San | Existing Pipelines | ‘eisai Existing NHGP Leases - {Biue & Green Outlines) ). > > Currently producing within project area from the Castlegate and Soldier Fields. > Approximately 11,500 acres / 71 x 16
Slide 21: Mesaverde Formation
ODYSSEY North Helper Gas Project ENERGY LIMITED Mesaverde Formation Paneer os tna sae: “=~ | Castlegate Field Ras ‘ : AVRO Wem i. Cee i ye == corr] Soldier Field rf | e ct = f wie”) Existing Pi Z jou TT : Lf BE sion a al Existing NHGP Leases “| {Blue & Green Outlines) > Huge basin-centered gas play
Slide 22: Mesaverde — Central Piceance Analogue
| ODYSS EY North Helper Gas Project ENERGY LIMITEOMegaverde — Central Piceance Analogue Mamm Creek Field Mesa Verde Formation vent sewn i 70a 0.200000 se 26.3 MMCFD 200.060 ‘eon . ‘6200 ai Proruion ins vn envi i ‘Menten Praxivseron {help 0, y
Slide 23: North Helper Gas Project Coal Thickness Map
ODYSSEY ENERGY LIMITED North Helper Gas Project Coal Thickness Map West Tavaputs sogisene.
Slide 24: Jester-Bloomington Lease Position
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Lease Position Greer County, Oklahoma Leasing Status 5.22.06 : pa 2 om ; . i 2 1 & pa ae 6 160 = 640 wan a TAPS: = 0 * @ u 12 ? oa = aE ae W 18 oS 44 ‘a — mn ; T 13 TEN-RaS ot a tehne3 | . 20 | " a , fle I : 2 sole on” ° . ° | ©) Marion Energy Inc,
Slide 25: Jester-Bloomington Structural Setting
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Structural Setting A A’ Hardeman Basin Shelf ANADARKO BASIN NM A ve x N N a oA va 14 are he: NS Ae MS NN Oe. ye ae NS A oS a 2m NNN N XN XN NN % eA Ss ne as ay aN MN SN ra NS 656 VOLS. AEN Sas mee vA M3 agh Pree INXS LIS PS & f i Se Johnson et. al.
Slide 26: Jester-Bloomington Development Strategies
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Development Strategies Kiowa Lake 7% | > The Brown Dolomite is tight but appears to be Cio Lone oe gas-bearing throughout a gross productive thickness of 30ft to 50ft. > The Granite Wash is typically of the area and contains discontinuous sand lens
Slide 27: Jester-Bloomington Lateral Completions
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Lateral Completions Pioneer Naturai Resources Panhandle West Field (Brown Dolomite) > Adjacent Operator’s have MASTERSON A21 - SINGLE LATERAL ‘ gs F “ yevapecqeenpesyeeepeyccap eye identified production trends mrp PEL PEEP ERP EET ae | . [| I a | L
Slide 28: Jester-Bloomington Re-Development Strategy
ODYSSEY Jester-Bloomington Gas Field ENERGY LIMITED Re-Development Strategy oF @. Ne N. MARION ENERGY, INC. GAS BUBBLE MAP JESTER AND BLOOMINGTON GAS FIELDS GREER COUNTY , OKLAHOMA oa By: JOHN PINKERTON za > Similar production trends are evident in the Jester-Bloomington Field. > The JV intends to t