3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Taylor Collison 2019 East Coast Gas Day
26 slides from 3d Energi's conference presentation, Apr 11, 2019
Slide 1: Taylor Collison 2019 East Coast Gas Day
3D OIL LIMITED Taylor Collison 2019 East Coast Gas Day For personal use only April 2019 ASX: TDO
Slide 2: 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 3: Corporate Snapshot
CORPORATE SNAPSHOT 3D Oil has built a portfolio of high potential, frontier exploration permits in offshore Western Australia (Bedout Sub-basin), Tasmania (Otway Basin) and Victoria (Gippsland Basin) For personal use only Corporate overview Share price performance (last 12 months) Share price (Acps)
Slide 4: Dorado-1 Highlights Value of 3D Oil's Strategy
DORADO-1 HIGHLIGHTS VALUE OF 3D OIL’S STRATEGY The acquisition of WA-527-P demonstrates 3D Oil’s ability to recognise and act on opportunities ahead of its potential competitors For personal use only ― The success of the Dorado-1 well (Carnarvon 20% : Santos 80%) was seen as a key value inflection p
Slide 5: WA-527-P: Recent Activity in Sub-basin
RECENT WA-527-P: ACTIVITY IN SUB-BASIN Significant exploration activity planned in Bedout Sub basin given the success of Dorado-1 and strong strategic interest For personal use only Upcoming activity in the Sub-Basin April 2019 • Dorado-2 appraisal well drilling • Roc South-1 exploration well drilli
Slide 6: Bedout Basin Geological Interpretation
1 BEDOUT BASIN GEOLOGICAL INTERPRETATION Results from the Dorado-1 has reshaped the hydrocarbon bearing interpretation of the Bedout Basin with the Caley, Crespin and Milne sands now being targeted for significant oil For personal use only Section analogous Geological interpretation of Bedout Basin
Slide 7: WA-527-P: Prospectivity Review
1 WA-527-P: PROSPECTIVITY REVIEW 3D Oil has identified a potential erosional channel system within the western side of WA-527-P, similar to that which set up the Dorado oil discovery For personal use only Erosional channel system identified on open-file 2D seismic data with a comparison the the Dora
Slide 8: WA-527-P: Prospectivity Review
1 WA-527-P: PROSPECTIVITY REVIEW A A’ ― 3D Oil has reprocessed a number of open-file 2D For personal use only seismic lines in the acreage ― The new data has confirmed the presence of the erosional channel system ― An interpretation of the reprocessed seismic data will be conducted in order to deter
Slide 9: WA-527-P: Prospectivity Optimisation
1 WA-527-P: PROSPECTIVITY OPTIMISATION Prospectivity of WA-527-P has been significantly upgraded as neighbouring Dorado-1 demonstrates a high quality reservoir, competent seal and a prolific, working petroleum system For personal use only Leads identified in prospectivity optimisation ― In February
Slide 10: WA-527-P: Hydrocarbon Migration
1 WA-527-P: HYDROCARBON MIGRATION 3D Oil has identified possible hydrocarbon leakage in the area in the form of possible Hydrocarbon Related Diagenetic Zones (HRDZs) For personal use only Example of geophysical expressions of possible hydrocarbon leakage Seismic ‘pull-up is interpreted to be caused
Slide 11: T/49P – Strategic Interest in the Basin
2 T/49P – STRATEGIC INTEREST IN THE BASIN Acquisitions highlights the strategic interest in the Otway Basin assets and around T49/P For personal use only Recent market transactions October 2018: O.G. Energy, a member of the Ofer Global group, acquired 40% of Beach Energy’s (ASX: BPT) Otway assets fo
Slide 12: 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 For personal use only Asset overview Tenement overview Munro ― T/49P was acquired by 3D Oil in 2013 through its bid in the 2012 Australian Offshore Gazettal round Flana
Slide 13: T/49P – Otway Basin Modelling
2 T/49P – OTWAY BASIN MODELLING Labella Thylacine 2.4 TCF 5.6 TCF For personal use only Munro 1.9 TCF • This migration scenario Flanagan aimed to test a likely case 7.6 TCF that hydrocarbons generated from a mixture of clastic and Whistler Point coal source rocks throughout 1.8 TCF the upper 500m of
Slide 14: T/49P – Progress Towards New 3D Seismic
2 T/49P – PROGRESS TOWARDS NEW 3D SEISMIC 3D Oil continues to make progress towards shooting 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 ― 3D Oil continues to plan for 3D seismic
Slide 15: T/49P – Flanagan Prospect
2 T/49P – FLANAGAN PROSPECT The Flanagan prospect is an exciting gas prospect adjacent to infrastructure For personal use only Flanagan prospect overview 3D seismic through Flanagan ― Flanagan is now a ready to drill prospect ― 3D seismic strongly indicative of good seal over the Sea Floor prospect
Slide 16: T/49P – Seal Rocks
2 T/49P – SEAL ROCKS The Seal Rocks is one of the key leads in the T/49P permit given scale and prospectivity For personal use only Seal Rocks lead overview 2D seismic across Seal Rocks ― Seal Rocks is a key candidate for 3D seismic acquisition ― Best estimate prospective resource of over 4 TCF ― Im
Slide 17: T/49P – Seal Rocks
2 T/49P – SEAL ROCKS AVO Attribute Fars*(Fars-Nears) For personal use only A A’ Top Porosity (Depth mSS) A’ 2019 Reprocessing A ― AVO attribute calculated on the 2019 reprocessing shows clear amplitude anomalies fitting a series of tilted fault block traps, ― These traps occupy an area of over 100km
Slide 18: T/49P – Prospective Resource Estimates
2 T/49P – PROSPECTIVE RESOURCE ESTIMATES In addition to the Flanagan Prospect at least 5 leads have been identified from a broad grid of 2D seismic data For personal use only LaBella Thylacine Prospects and leads all 100%-owned by 3D Oil field (100% Lattice Energy) Thylacine is “full to spill” Thyla
Slide 19: VIC/P57 – Asset Overview
3 VIC/P57 – ASSET OVERVIEW VIC/P57 has 6 prospects and leads located along Australia’s most prolific oil and gas producing basin that are defined by state of the art reprocessed 3D seismic data For personal use only ― Located in the Gippsland Basin, which had initial reserves estimated at 4 billion
Slide 20: VIC/P57 – Pointer Overview
3 VIC/P57 – POINTER OVERVIEW Pointer has a best estimate prospective resource of c.235BCF recoverable gas, which represents an attractive target due to a deprived East coast gas market For personal use only Analysis of the Pointer AVO response ― Identified gas prospect within the excellent reservoir
Slide 21: VIC/P57 – Felix Prospect
3 VIC/P57 – FELIX PROSPECT Exciting feature which has been overlooked in the basin largely due to poor quality seismic; our reprocessed seismic has improved imaging significantly For personal use only ― Located between two oil and gas fields (Wirrah and Moonfish) Comparison of old (left) vs new data
Slide 22: Forward Work Program
FORWARD WORK PROGRAM 3D Oil is pursuing an accelerated exploration program at WA-527-P following the exploration success at Dorado-1 and the industry interest this permit is receiving For personal use only Q2 Q3 Q4 Q1 Q2 1 WA-527-P Farm-in process underway with strategic partners (100% TDO) Bedout S
Slide 23: East Coast Gas Market in Crisis
EAST COAST GAS MARKET IN CRISIS The long-term supply outlook for the east coast gas market remains uncertain For personal use only Projected eastern and south-eastern Australia gas production (export LNG and Shortfall of supply forecasted domestic), 2019-38; supply from existing projects and committ
Slide 24: East Coast Gas Market – Competitive Positioning
EAST COAST GAS MARKET – COMPETITIVE POSITIONING Compared to the upstream gas fields in Queensland and New South Wales, the domestic gas projects in Victoria and Tasmania carry a significant cost advantage to deliver to Melbourne For personal use only Competitive dynamics Delivered Melbourne city gat
Slide 25: 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 26: 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