3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2007)
25 slides from 3d Energi's shareholder meeting presentation, Nov 29, 2007
Slide 1: 3D Oil Limited Annual General Meeting
3D Oil Limited For personal use only Annual General Meeting 29 November 2007 Stamford Stamford Plaza Plaza Collins Collins Street Street Melbourne Melbourne Slide 1
Slide 2: Annual General Meeting Program
Annual General Meeting Program For personal use only Opening meeting and 2007 highlights Peter Willcox - Chairman Assets and Potential Noel Newell - Managing Director Formal business Peter Willcox - Chairman Slide 2
Slide 3: Corporate Summary
Corporate Summary For personal use only 3D Oil was formed in 2003 and listed Current 3D Oil on the ASX 22 May 2007 shareholding Retail 193.1 shares on issue of which 110 are Foundation 25% (2 year escrow) partly paid issued to 25c at IPO Institutions 40% 35% Final call of 15c on 6 December 2007 Slid
Slide 4: 3D Oil Share Price
3D Oil Share Price For personal use only Partly and fully paid share price up to 27 November 65 60 Trading at fully 55 paid price IPO 22 May TDO Share price (cps) 50 25c 45 40 35 30 25 20 22/05/2007 21/06/2007 21/07/2007 20/08/2007 19/09/2007 19/10/2007 18/11/2007 Slide 4
Slide 5: Annual General Meeting Program
Annual General Meeting Program For personal use only Opening meeting and 2007 highlights Peter Willcox - Chairman Assets and Potential Noel Newell - Managing Director Formal business Peter Willcox - Chairman Slide 5
Slide 6: Presentation disclaimer
Presentation disclaimer For personal use only Important notice This presentation contains certain statements which may constitute constitute "forward- "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual value
Slide 7: Strategy
Strategy For personal use only Early acquisition of quality assets in areas of competitive advantage Early production from expected increasing reserve and resource base Mitigate risk via farmout when appropriate Use of world class practitioners and state of the art technology Develop operator abilit
Slide 8: Highlights
Highlights For personal use only 3D Oil successfully lists on the ASX to raise A$44 mill West Texas Intermediate (WTI) previous 12 months 110 WTI 100 90 West Seahorse development 80 US$ per barrel planning and technical work 70 progressing on track and confirms 60 the development potential 50 40 30
Slide 9: Assets and Potential
Assets and Potential 3D Oil For personal use only Assets Vic/P57 T41- T41-P 100% 100% West Seahorse 10.3 MMstb 4 Leads identified VIC/P57 (reserves+contingent) with in under explored development strategy eastern Bass Basin Production anticipated in Dalrymple Lead has T41-P 2010 significant seismic a
Slide 10: West Seahorse
West Seahorse For personal use only Close to shore and pre- pre- existing offshore facilities Vic/P57 In shallow water Direct onshore development options previously tested Shallow oil accumulations with strong water drive Slide 10
Slide 11: West Seahorse Volumes
West Seahorse For personal use only Volumes West Seahorse-2 West Seahorse-1 Seahorse-2 West Seahorse Oil Field Top L N1 a tr obe Reserves 1P 2P 3P OWC SH N1 Reservoir 2.9 5.8 9.2 42. 2 Contingent Resources P90 P50 P10 N2.3 N . asp erus N2.6 N2.3, N2.6, P1 Reservoir 2.8 4.5 6.6 Total West Seahorse 5.
Slide 12: West Seahorse Development Options
West Seahorse For personal use only Development Options Options: 1. 3D Oil Offshore Development: Third Party Facility Tie Back 2. 3D Oil Offshore/Onshore Development: Offshore Infrastructure Onshore Pipelines to Third Party Crude Stabilization Plant (CSP) 3. 3D Oil Offshore/Onshore Development: Offs
Slide 13: West Seahorse Current Activities
West Seahorse Current Activities For personal use only Technical • Detailed extended field mapping complete • Comprehensive depth conversion complete • Subsurface reservoir evaluation continuing Engineering • High level onshore evaluation of potential sites and approval issues completed Wardie- Ward
Slide 14: West Seahorse Development – Fast Track Schedule
West Seahorse Development – Fast Track Schedule Worley commenced First Oil For personal use only FID Drilling Onshore review completed End 1st Q 2007 2008 2009 2010 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Preliminary onshore evaluation Pre FEED Drill West Seahorse-3 Drill Wardie-1 Post well
Slide 15: Exploration, Vic/P57 Gippsland Basin
Exploration, Vic/P57 Gippsland Basin For personal use only 70% 3D seismic coverage Prospective Rosedale Fault Complex intersects permit At least 7 leads and prospects identified to date Three drillable prospects Wardie Wardie Sea Lion Sea Felix Felix VIC/P57 Wardie T41-P 100 km Slide 15
Slide 16: Exploration, Vic/P57 Gippsland Basin
Exploration, Vic/P57 Gippsland Basin For personal use only Vic/P57 is very lightly explored despite close proximity to significant hydrocarbon fields Slide 16
Slide 17: Exploration, Vic/P57 Gippsland Basin
Exploration, Vic/P57 Gippsland Basin For personal use only Wardie Prospect •Will Will be drilled in preference to Sea Lion •Inversion Inversion feature within the West Seahorse Complex • Identified post IPO following intensive mapping and depth conversion • Volumetrically similar to West Seahorse ho
Slide 18: Exploration, Vic/P57 Gippsland Basin
Exploration, Vic/P57 Gippsland Basin For personal use only Nicholson Vic/57 Prospects and Leads Top Latrobe Scooter Salsa Lead Top Latrobe Top Latrobe Updip from oil fields Dexter Intra Latrobe Felix Top and intra Sea Lion Wardie Latrobe Top Latrobe Between Wirrah 20.7 mmbbl and Moonfish New detaile
Slide 19: Exploration, T41-P Bass Basin
Exploration, T41- T41-P Bass Basin For personal use only Relatively shallow water (<80m) Shallow drilling targets Yolla Field Lightly explored and large (2700 km2) The key ingredients for an active petroleum system Aggressive bids and farmins in nearby permits in 2007 Slide 19
Slide 20: Exploration, T41-P Bass Basin
Exploration, T41- T41-P Bass Basin For personal use only T41/P T41P Bass Basin Lubiana Bas At least 4 leads identified from 2D seismic in M Dalrymple has significant seismic anomaly ar gi n Pacific Titan contracted to shoot 2D seismic Iron Pot Crosswinds Dalrymple 10 km VIC/P57 Fault Amplitude dim a
Slide 21: Summary
Summary For personal use only • Planning for West Seahorse development underway • Technical evaluation of West Seahorse Complex very encouraging • Assembling world class team • Portfolio of quality prospects provides further growth potential • Recent Bass Basin activity increases T41- T41-P value Sl
Slide 22: Annual General Meeting Program
Annual General Meeting Program For personal use only Opening meeting and 2007 highlights Peter Willcox - Chairman Assets and Potential Noel Newell - Managing Director Formal Business Peter Willcox - Chairman Slide 22
Slide 23: Formal Business
Formal Business For personal use only 1. RECEIPT AND CONSIDERATION OF FINANCIAL STATEMENTS AND REPORTS TO 30 JUNE 2007 2. ADOPTION OF THE REMUNERATION REPORT 3. ELECTION OF A DIRECTOR – MR PETER WILLOX 4. RE- RE-ELECTION OF A DIRECTOR – MR CAMPBELL HORSFALL 5. REFRESHING OF PLACEMENT CAPACITY Slide
Slide 24: Proxy Summary
Proxy Summary 3D Oil Limited Annual General Meeting For personal use only 29 November 2007 Resolution 1 - Adopt Remuneration Report In Favour Against Proxy's discretion Abstention 62,494,197 0 201,500 6,875 Resolution 2 - Re-election of Mr. Peter Willcox as a Director In Favour Against Proxy's discr
Slide 25: 3D Oil Limited Annual General Meeting
3D Oil Limited For personal use only Annual General Meeting 29 November 2007 Stamford Stamford Plaza Plaza Collins Collins Street Street Melbourne Melbourne Slide 24