3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2020)
22 slides from 3d Energi's shareholder meeting presentation, Nov 17, 2020
Slide 1: 3D Oil AGM Presentation
For personal use only 3D OIL AGM Presentation 17 NOVEMBER 2020
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Milestone transaction with ConocoPhillips completed: T/49P farm-out agreement with ConocoPhillips Australia includes A$5m cash payment, fully- funded 3D seismic (≥1580km2) and up to US$30m costs for an exploration well (if elected) VIC P/74: Hibiscus Petro
Slide 3: T/49P Farm-out with ConocoPhillips, a Global Energy Giant
T/49P FARM-OUT WITH CONOCOPHILLIPS, A GLOBAL ENERGY GIANT Farm-out with ConocoPhillips is a milestone transaction1,which represents a potential spend of ~A$65m by ConocoPhillips For personal use only Upfront cash payment in recognition of Fully-funded acquisition of a minimum 1,580km2 Fully-funded f
Slide 4: Portfolio Overview
PORTFOLIO OVERVIEW 3D Oil has built a portfolio of strategic positions in some of Australia’s most prospective offshore exploration basins For personal use only T49/P (20% owned) Exploration – Otway Basin 1 WA-527-P (100% owned) 4 Exploration – Bedout Sub-basin 2012: 3D Oil recognized the potentia
Slide 5: South East Australia Gas Market
SOUTH EAST AUSTRALIA GAS MARKET Gas supply for SE will reduce as existing production assets decline For personal use only Looming Shortfall of gas Gas Supply and Demand Forecast, SE Australia • While current gas supply is adequate to meet demand, production from the Gippsland and Otway basins are in
Slide 6: T/49P – Asset Overview
1 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 ― 3D Oil has 20%-ownership with Joint Venture Partner and Operator ConocoPhillips Australia. ANNIE ― The Otway Ba
Slide 7: T/49P – Prospective Resource Estimates
1 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 8: T/49P – Progress Towards New 3D Seismic
1 T/49P – PROGRESS TOWARDS NEW 3D SEISMIC The T/49-P Joint Venture has expanded the scope of the 3D seismic program. The Survey now named Sequoia, will now have a maximum acquisition area of ~2800km2. For personal use only Proposed Sequoia 3D Seismic Location ― 3D Oil welcomes the new scope of the s
Slide 9: VIC/P74 – Asset Overview
2 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 10: VIC/P74 – Asset Overview
2 VIC/P74 – ASSET OVERVIEW Up to 15 Leads Identified on Reprocessed Seismic Data For personal use only ― CGG reprocessing has been applied to all 3D seismic data within the permit. ― Significant gas potential has been identified in the Lower Latrobe Group in the eastern side of the permit, while a s
Slide 11: 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 ― 3D Oil has a 24.9% interest in VIC/P57 with Joint Venture partner Hibiscus Petroleum • JV has ide
Slide 12: WA-527-P: Asset Overview
4 WA-527-P: ASSET OVERVIEW The WA-527-P permit covers a large underexplored area that is situated in Australia’s newest emerging petroleum province. For personal use only Permit locations and early Triassic TWT Structure ― 3D Oil has 100%-interest in the permit ― Covering 6,580km2 in the offshore Be
Slide 13: WA-527-P: Prospectivity Review
4 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 discovery For personal use only 3D Oil reprocessed six key open-file lines in order to map the continuity of a potential erosional cha
Slide 14: WA-527-P: Sauropod 3D Seismic Program
4 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: • Identification of any targets tr
Slide 15: 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 16: 3D Oil Strategy
3D OIL STRATEGY Validated strategy with T/49P farm-out to ConocoPhillips and in advanced discussions with multiple major Exploration & Production companies for WA-527-P For personal use only Identification and acquisition of early Enhance value by organically Monetise asset to optimise stage assets
Slide 17: 3D Oil Strategy
3D OIL STRATEGY Focused on identifying and acquiring high potential exploration acreage, organically enhancing value, then funding exploration and appraisal by farming out to larger companies For personal use only Identification and acquisition of early Enhance value by organically Monetise asset to
Slide 18: 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 19: Explore All Value Accretive Opportunities
EXPLORE ALL VALUE ACCRETIVE OPPORTUNITIES In 2017, 3D Oil recognised the potential for a significant new petroleum province within the Bedout Sub-basin and acquired WA-527-P For personal use only Rigorous process to assess high potential, early- Ongoing exploration stage assets such as WA-527-P acti
Slide 20: Corporate Snapshot
CORPORATE SNAPSHOT Portfolio of high potential, frontier offshore exploration permits in Australia, including; Western Australia (Bedout Sub- basin), Tasmania (Otway Basin) and Victoria (Gippsland Basin) For personal use only Corporate overview 1 year share price (Acps) 0.12 Portfolio of high pote
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