Prominence Energy Limited · ASX:PRM
Prominence Energy — Sun Resources NL — Investor Presentation (May 2014)
6 slides from Prominence Energy's investor presentation, May 2014
Slide 1: Sun's Entry Into The Eagle Ford Shale
Sun’s Entry Into The Eagle Ford Shale Jack Howe #1 Coring Lower Woodbine Govert van Ek Managing Director May 2014
Slide 2: Sun's new 10,028 Acre Eagle Ford Oil Position
Sun’s new 10,028 Acre Eagle Ford Oil Position Operators converging from both directions Diversifies Sun into emerging Eagle Ford Shale area Partners Sun (50%WI) with successful and well backed Operator Sun’s large land bank now ~24,000 net mineral acres Active area surrounded by US Independents and
Slide 3: Target: Eagle Ford Shale with additional contribution from Austin Chalk
Target: Eagle Ford Shale with additional contribution from Austin Chalk Major offset oil production from prolific, oil-charged Austin Chalk (green dots are oil wells) Oil-rich Eagle Ford Shale + oil- charged Austin Chalk are the “Combo targets” First Lateral well agreed for no later than November 20
Slide 4: Offset Wells - Support Prospectivity
Offset Wells - Support Prospectivity Early stage offset competitor activity giving IP’s @ 500 - 806 bopd (RRC data) Well results on shallow end of the play Giddings Field lateral wells have avg 30- (6000-7000’) are very encouraging. Well TVD CLL BOPD day IPs of 318-951bopd + gas (DrillInfo) • Sarah
Slide 5: Badger: Strong value adding proposition
Badger: Strong value adding proposition • Halcón Acquired 100% of the PMO field for US$500mm¹: • Equivalent to US$35,000 per acre covering 14,500 acres • Only one zone (Upper Woodbine) under development. • Aurora Oil & Gas (ASX:AUT) quoted enterprise value of $1.16 billion²: • Equivalent to US$71,47
Slide 6: 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 intende