Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Investor Presentation (August 2024)
15 slides from Omega Oil & Gas's investor presentation, Aug 26, 2024
Slide 1: Bringing New Energy to East Coast Australia
BRINGING NEW ENERGY TO August 2024 EAST COAST AUSTRALIA THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
Slide 2: Disclaimer
Disclaimer This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this document has been prepared for information purposes only and does not constitute a prospectus, or an offer, invitation, solicitation or recommendation with respect to the
Slide 3: Key Risks
Key Risks We recommend investors to read and consider the risks associated with Omega, its assets and the industry it is in as set out in Omega’s prospectus that was lodged with the Australian Securities and Investments Commission on 22 August 2022 (Prospectus) which is available from Omega’s websit
Slide 4: Omega Investment Highlights
Omega Investment Highlights 1. Prime location, pure play company with enormous resource base to be unlocked • Gross 2C contingent resource base of 1.73 TCF located 50km from existing pipeline and 150km from Wallumbilla gas hub • Favourable location and low CO2 content means lower development costs a
Slide 5: Numerous operators currently exploring and appraising the Taroom Trough
Numerous operators currently exploring and appraising the Taroom Trough Exploration and Appraisal Grandis Project • Maintains licences in the basin centred • Daydream 2 (vertical well) drilled to fairway 4,300m • Have previously explored and appraised • Targeting various tight sands and coals in dee
Slide 6: Peer Comparison Table – Omega presents highly compelling value
Peer Comparison Table – Omega presents highly compelling value Enterprise value and 2C Resource Company Ticker Development Share Shares Enterprise 2C EV/2C AUD$/Gj ASX Stage Price on Value PJ AUD$/Gj (AUD$) Issue AUD $M $0.20/Gj M Omega Oil and Gas OMA Pre-production $0.215 284 $43.7 1,510 $0.03 Tam
Slide 7: Funding Rationale
Funding Rationale 1. 2. Canyon-1H drill and stimulation/flowback program Funding required to drive value from our assets and is on track and on budget knowledge base, and provide flexibility for possible • Now fully contracted, the Canyon-1H budget remains within the estimated capture of near-term o
Slide 8: Canyon-1H Objective
Canyon-1H Objective • Zone selected based on superior reservoir and completion qualities and • Objective is to drill a horizontal well in the lower Kianga minimisation of associated drilling risks. Formation (Canyon Sandstone) and complete a multistage fracture stimulation and flowback program to te
Slide 9: Horizontal wells provide greater surface area for increased flow rates
Horizontal wells provide greater surface area for increased flow rates Vertical Well Horizontal Well Possible future additional lateral wells Rewan Formation Rewan Formation Coal Coal Kianga Formation Frac stage Gas Sand Frac stage Back Creek Group The catalyst for explosive value-growth in US uncon
Slide 10: Appraisal to Development – Proof of Concept to Well and Cost Optimisation
Appraisal to Development – Proof of Concept to Well and Cost Optimisation Appraisal - Phase 1 of Canyon-1H 600-1100mm horizontal section Test suitability of base completion / frac designs Development • Well azimuth oriented to improve vertical fracture initiation • 5-8 frac stages with 3-5 clusters/
Slide 11: Forward Plan – Can commercial flow rates be achieved?
Forward Plan – Can commercial flow rates be achieved? ✓ Secure major fracture stimulation services and long-lead items. • Execute multi-stage fracture stimulation program and flow back • Complete extended production testing and interpret results • Post stimulation performance analysis September 2024
Slide 12: Canyon Success Case - Pathway to Production
Canyon Success Case - Pathway to Production Test Proof of Concept / Appraisal Development Production Wells Dependent on results Operations – dependent on potential updip or regional Initial engineering design, results, but initial first stage Canyon-1H Drill, lateral wells from existing lateral well
Slide 13: Fundraising Overview
FUNDRAISING OVERVIEW Omega is seeking to raise up to A$6.5mm of new capital via a two-tranche placement. Fundraising is cornerstoned by Omega’s top two shareholders – Ilwella Pty Ltd (Flannery Family Office) and Tri-Star Group. Omega Oil and Gas Limited Fundraising OMA is seeking to raise $6.5mm, wh
Slide 14: Listing Rule 5.43 Disclosure
Listing Rule 5.43 Disclosure SLIDE 4: Omega's Taroom Trough Deep Permian Gas Play The estimates of Reserves and Contingent Resources reported in this ASX Announcement have been independently reviewed and verified by Netherland, Sewell & Associates, Inc., qualified resource evaluators and were first
Slide 15: For All Enquiries Please Contact
z FOR ALL ENQUIRIES PLEASE CONTACT OMEGA OIL AND GAS +61 7 3778 3861 | INFO@OMEGAOILANDGAS.COM.AU THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
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