Prominence Energy Limited · ASX:PRM

Prominence Energy — Sun Resources NL — Good Oil Conference 2015

15 slides from Prominence Energy's conference presentation, Sep 2, 2015

  1. Slide 1: Good Oil Conference

    GOOD OIL CONFERENCE 02 September 2015

  2. Slide 2: Important Information - Disclaimer

    IMPORTANT INFORMATION - DISCLAIMER This presentation has been prepared by Sun Resources NL (“Sun”) for the purpose of providing a company and technical overview to interested parties to enable recipients to review the business activities of Sun. This presentation is limited in scope and is not inten

  3. Slide 3: Sun Resources Corporate Snapshot

    SUN RESOURCES CORPORATE SNAPSHOT Capital Structure: Post-Cap. Raising (SPP & Placement) Share Price / Volume History ASX code SUR Ordinary shares on issue 4,623m 1 Performance options 140m Listed options (A$0.025) 259m 2 Unlisted options (various prices) 305m Current share price A$0.001 Market capit

  4. Slide 4: Strategically Repositioned for Success

    STRATEGICALLY REPOSITIONED FOR SUCCESS  Recently finalised commercial agreements position Sun for growth and cash flow generation • Resolution of Amerril Energy LLC matters delivers to Sun a 100% working interest (WI) in Normangee Oil Project, SW Leona Oil Project and Centerville AMI • Agreement re

  5. Slide 5: Sun's Woodbine Oil Project Areas

    SUN’S WOODBINE OIL PROJECT AREAS Across Leon and Madison Counties, East Texas Leasehold & Activity Map Sun has control of 14,173 net acres across its 5 3 Woodbine Oil Project areas Project Leasehold Table (as @ 30 June 2015) 4 Working Acres Net Royalty Map Project Interest Interest (%) Gross (%) 7 1

  6. Slide 6: Near-Term Actions Across Portfolio

    NEAR-TERM ACTIONS ACROSS PORTFOLIO  Seeking new investor/partner for capital investment at the asset level to fund current planned operations and future development drilling • Sun is seeking new capital to frack and complete Jack Howe #1H for early cash flow • Adjacent Operators have already de-ris

  7. Slide 7: East Texas Is Now an Area of E&P Focus

    EAST TEXAS IS NOW AN AREA OF E&P FOCUS Turquoise Dots Represent Recent Buda Completions Source: ZaZa Energy Corp. 7

  8. Slide 8: East Texas Stack-Frack Targets (including Buda-Rose Section)

    EAST TEXAS STACK-FRACK TARGETS (including Buda-Rose Section) Source: Zaza Energy Corporation (2015) 8

  9. Slide 9: Buda-Georgetown – New Bench Doubles Reserves

    BUDA-GEORGETOWN – NEW “BENCH” DOUBLES RESERVES Multiple oil targets – Minimum 2 Benches  Sub Clarksville Sandstone – Producing in area  Eagle Ford Shale – Lower Woodbine oil confirmed  Buda – First local oil completions confirmed Samuel #1H (Presco) Buda 8,000’ lateral drilled & fracked 1 Jack Ho

  10. Slide 10: Delta Oil Project – Large Buda-Rose Structure

    DELTA OIL PROJECT – LARGE BUDA-ROSE STRUCTURE Approximate Area of Buda Prospect  Large Buda structure mapped with 300 feet of closure  Oil & gas column tested in old vertical well with 300 feet of log pay  Warrants initial vertical pilot well to test column height  Follow up with fracked lateral

  11. Slide 11: USA Unconventional Self-Help: HBP Programmes

    USA UNCONVENTIONAL SELF-HELP: HBP Programmes Held-By-Production (“HBP”) allows Operators to maintain mineral leases in good standing without full development until oil prices recover. “Deferring frack & flow-back for 12 months in low oil price environment can improve lateral well economics” (source:

  12. Slide 12: USA Unconventional Self-Help: Stack-Fracks

    USA UNCONVENTIONAL SELF-HELP: Stack-Fracks Vertical wells with multiple, vertically stacked, oil zones. Fracked in stages, just like long horizontal wells. AFE to D&C <50% of a lateral D&C cost. Can deliver better returns than laterals in the current oil price environment. Sun is investigating this

  13. Slide 13: USA Unconventional Self-Help: Re-Fracking

    USA UNCONVENTIONAL SELF-HELP: Re-Fracking Re-fracking has the potential to enhance flow rates and estimated ultimate recovery (“EUR”) by re-entering existing, fracked, unconventional lateral and vertical wells. Sun is investigating this option for the Seale #1H Lower Woodbine lateral. 13

  14. Slide 14: USA Unconventional Self-Help: Stress Shadow Frack

    USA UNCONVENTIONAL SELF-HELP: Stress Shadow Frack The concept of “Stress Shadow Fracking” (and ‘zipper fracks’) involves fracking two parallel wells and allowing the fracture networks to ‘interfere’ with one another to access a larger productive rock volume than either well on its own. Sun is invest

  15. Slide 15: www.sunres.com.au

    gg eEE—————EEee"" www.sunres.com.aqu SUN fESOUICESz ABN 69 009 196 810 ASX SUR Matthew Battrick Managing Director and CEO Level 2, 30 Richardson Street, West Perth 6005 PO Box 1786, West Perth WA 6872 T +61 893219886 F +61 89321 8161 M 0416 111 298 E mab@sunres.com.au

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