3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Shareholder Meeting (November 2018)
24 slides from 3d Energi's shareholder meeting presentation, Nov 2, 2018
Slide 1: 3D Oil Limited AGM Presentation
3D OIL LIMITED AGM Presentation For personal use only NOVEMBER 2018 ASX: TDO
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT 3D Oil has built a portfolio high potential, frontier offshore exploration permits in Australia including offshore Western Australia (Bedout Sub-basin) and offshore Tasmania (Otway Basin) For personal use only Corporate overview Share price performance (last 6 months) Share price
Slide 3: Board of Directors
BOARD OF DIRECTORS Board and its advisors have significant oil and gas experience (former Director of BHP, Woodside) having led some of Australia’s largest corporates For personal use only Proven success of 3D Oil Board and management team ― Noel Newell, current Executive Chairman, is the Founder of
Slide 4: Recent Operational and Share Price Performance
RECENT OPERATIONAL AND SHARE PRICE PERFORMANCE During the last 12 months 3D Oil has advanced its three core assets and generated strong financial returns to its shareholders with a share price increase of +59% since October 2017 For personal use only ― As the only bidder in October 2016, 3D Oil reco
Slide 5: Recent Capital Raising – September 2018
RECENT CAPITAL RAISING – SEPETEMBER 2018 3D Oil successfully raised A$3m in September 2018, the first capital raising in 10 years for the Company as a result of conservative historical capital management For personal use only Prudent cash management Successful capital raising ― Low overheads with sm
Slide 6: Dorado-1 Highlights Value of 3D Oil's Strategy
DORADO-1 HIGHLIGHTS VALUE OF 3D OIL’S STRATEGY The acquisition of WA-527-P demonstrates 3D Oil’s ability to recognise and act on opportunities ahead of its potential competitors For personal use only ― The success of the Dorado-1 well (Carnarvon 20% : Quadrant 80%) was seen as a key value inflection
Slide 7: Building a Strong Portfolio of Prospective Resources
BUILDING A STRONG PORTFOLIO OF PROSPECTIVE RESOURCES 3D Oil has been able to successfully increase its portfolio-wide prospective resource totals over the past 3 years through internal development and tenement acquisitions For personal use only Best estimate prospective resource (mmboe)1,2 Key focus
Slide 8: Portfolio Overview
PORTFOLIO OVERVIEW 3D Oil has opportunistically built a portfolio of significant positions in some of Australia’s most prospective offshore exploration basins For personal use only T49/P (100% owned) WA-527-P (100% owned) Exploration – Otway Basin 2 1 Exploration – Bedout Sub-basin 2012: 3D Oil re
Slide 9: WA-527-P: Asset Overview
1 WA-527-P: ASSET OVERVIEW The WA-527-P permit covers a large underexplored area that is situated next to the significant Dorado-1 hydrocarbon discovery in the Bedout Sub-basin For personal use only ― Located in the offshore Bedout Sub- Permit locations and early Triassic TWT Structure basin of West
Slide 10: WA-527-P: Prospectivity Review
1 WA-527-P: PROSPECTIVITY REVIEW 3D Oil has identified a potential erosional channel system within the western side of WA-527-P, similar to that which underpins the Dorado oil discovery For personal use only Erosional channel system identified on open-file 2D seismic data and a comparison with the D
Slide 11: Bedout Basin Geological Interpretation
1 BEDOUT BASIN GEOLOGICAL INTERPRETATION Results from the Dorado-1 has reshaped the hydrocarbon bearing interpretation of the Bedout Basin with the Caley, Crespin and Milne sands now being targeted for significant oil For personal use only Section analogous Geological interpretation of Bedout Basin
Slide 12: WA-527-P: Prospectivity Optimisation
1 WA-527-P: PROSPECTIVITY OPTIMISATION Prospectivity of WA-527-P has been significantly upgraded as neighbouring Dorado-1 demonstrates a high quality reservoir, competent seal and a prolific, working petroleum system For personal use only Leads identified in prospectivity optimisation ― In February
Slide 13: T/49P – Asset Overview
2 T/49P – ASSET OVERVIEW Vast frontier acreage with recently announced 10TCF Prospective Resource (Best Estimate)1 in shallow water in the Otway Basin For personal use only Asset overview Tenement overview Munro ― T/49P was acquired by 3D Oil in 2013 through its bid in the 2012 Australian Offshore G
Slide 14: T/49P – Prospective Resource Estimates
2 T/49P – PROSPECTIVE RESOURCE ESTIMATES In addition to the Flanagan Prospect at least 5 leads have been identified from a broad grid of 2D seismic data For personal use only LaBella Thylacine Prospects and leads all 100%-owned by 3D Oil field (100% Lattice Energy) Thylacine is “full to spill” Thyla
Slide 15: T/49P – Progress Towards New 3D Seismic
2 T/49P – PROGRESS TOWARDS NEW 3D SEISMIC 3D Oil continues to make progress towards shooting a new 3D seismic survey, Dorrigo, with the intension of maturing several of these leads to prospect status For personal use only Proposed Dorrigo 3D Seismic Location ― 3D Oil continues to plan for 3D seismic
Slide 16: T/49P – Strategic Interest in the Basin
2 T/49P – STRATEGIC INTEREST IN THE BASIN Acquisitions highlights the strategic interest in the Otway Basin assets and around T49/P For personal use only Recent market transactions October 2018: O.G. Energy, a member of the Ofer Global group, acquired 40% of Beach Energy’s (ASX: BPT) Otway assets fo
Slide 17: T/49P – World Class Flanagan Prospect
2 T/49P – WORLD CLASS FLANAGAN PROSPECT The Flanagan prospect is a world class gas prospect adjacent to infrastructure For personal use only Flanagan prospect overview 3D seismic through Flanagan ― Flanagan is now a ready to drill prospect ― 3D seismic strongly indicative of good seal over the Sea F
Slide 18: East Coast Gas Supply Crisis
2 EAST COAST GAS SUPPLY CRISIS The supply crunch on the east coast of Australia has resulted in a sharp increase in wholesale gas prices across 2017 and into 2018 For personal use only Shortfall of supply... ...and high political focus... • Post 2017 there is a forecast growing imbalance of gas Gas
Slide 19: VIC/P57 – Asset Overview
3 VIC/P57 – ASSET OVERVIEW VIC/P57 has 6 prospects and leads located along Australia’s most prolific oil and gas producing basin that are defined by state of the art reprocessed 3D seismic data For personal use only ― Located in the Gippsland Basin, which had initial reserves estimated at 4 billion
Slide 20: VIC/P57 – Pointer Overview
3 VIC/P57 – POINTER OVERVIEW Pointer has a best estimate prospective resource of c.235BCF recoverable gas, which in its location markets is a very attractive target For personal use only ― Newly identified gas prospect within the Amplitude extraction of Pointer prospect from the PrSDM Far Offset exc
Slide 21: T/57P – Felix Prospect
3 T/57P – FELIX PROSPECT Exciting feature which has been overlooked in the basin largely due to poor quality seismic; our reprocessed seismic has improved imaging significantly For personal use only ― Located between two oil fields (Wirrah and Moonfish) with Comparison of old (left) vs new dataset (
Slide 22: Forward Work Program
FORWARD WORK PROGRAM 3D Oil is pursuing an accelerated exploration program at WA-527-P following the exploration success at Dorado-1 and the industry interest this permit is receiving For personal use only Q1 Q2 Q3 Q4 Q1 1 WA-527-P Farm-in process underway with strategic partners (100% 3D Oil) Bedou
Slide 23: 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 24: 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