Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Emerald Oil & Gas NL — Shareholder Meeting (November 2009)
18 slides from Emerald Resources Nl's shareholder meeting presentation, Nov 26, 2009
Slide 1: Annual General Meeting
For personal use only Emerald Oil & Gas NL Annual General Meeting November 26, 2009
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectation reflected in the statements are reasonable but they may be affected by a variety of variables and chan
Slide 3: Business Strategy
For personal use only Business Strategy 1. Establish cash flow - Appalachian gas (Kentucky) – ongoing multi-well recompletion programme with P&J – Acquire high productivity gas wells through KEP – Leverage 50% WI gas plant and new area gas infrastructure 2. Initiate step change growth – Onshore GOM
Slide 4: Appalachian Gas Projects (Production & Cash flow)
For personal use only Appalachian Gas Projects (Production & Cash flow)
Slide 5: Appalachian Basin, USA
Appalachian Basin, USA West Virginia For personal use only Acreage • Oldest producing basin in U.S. • Conventional and shale gas • Build cashflow through gas prod • Large growth potential: • Existing well recompletions • Reserves drilling • Current focus on Kentucky Kentucky Acreage
Slide 6: Appalachian Gas Business Summary
Appalachian Gas Business Summary For personal use only Excellent Value Proposition still exists History • Original 2008 entry strategy based on high US gas prices ($US10+/Mcf) and reserves drilling (2 wells drilled in WV) • Gas prices declined sharply in 2009 (<$US3/Mcf) Strategy Change – Cashflow v
Slide 7: Emerald Oil & Gas NL
(e)) Emerald OIL & GAS NL
Slide 8: For personal use only
For personal use only
Slide 9: Kentucky Energy Partners LLC
Kentucky Energy Partners LLC 75% Ownership interest For personal use only • Magoffin County, Kentucky • LLC company formed with capable local field operator to target and develop areas with high productivity gas wells • Emerald provides 100% capital investment for 75% interest • Identify high potent
Slide 10: Beetree Branch Project - KEP
Beetree Branch For personal use only Project - KEP
Slide 11: Onshore Gulf Coast - Texas
For personal use only Onshore Gulf Coast - Texas (step change company growth) 1. NW Alice – gas appraisal/development drilling 2. Low risk oil and gas opportunities, onshore GOM
Slide 12: NW Alice Project
NW Alice Project 14% WI (23% Royalty) For personal use only Jim Wells County, South Texas Operator: Noble Energy • RJ Hunter #1 discovery well drilled March 2007 • 50+ feet of Gas/Condensate pay in Yegua Sands, • Casing collapse on perforation prevented flow testing. Reserves (3P): EMR 14% 100% Gas
Slide 13: Canning Basin (WA) High Potential Exploration
For personal use only Canning Basin (WA) High Potential Exploration (oil, gas, CO2 geosequestration for LNG)
Slide 14: Canning Basin – Onshore and Offshore
Canning Basin – Onshore and Offshore For personal use only Extensive contiguous exploration acreage position covering several hundred kilometers of the Pinnacle Fault trend, with several exploration leads defined. Exploration Permit / Retention Emerald Permit Size Licence / Applications Working Inte
Slide 15: Emerald's Canning Basin acreage
Emerald’s Canning Basin acreage For personal use only
Slide 16: Canning Basin - Stokes Bay Well
Canning Basin - Stokes Bay Well For personal use only • Location: EP104, Canning Basin, WA • Operator: Buru Energy • Well Objectives: Anderson sands, Nullara Carbonates • Emerald interest: 12.75% WI, 10% Government Royalties Stokes Bay 1 – Potential Gas Discovery – Drilled Oct 07, Lost 12,000 bbls d
Slide 17: EMR Business Plan Summary
EMR Business Plan Summary For personal use only 1. Cashflow from Appalachian gas production – Complete and assess initial 8 well re-work program with P&J – Target high gas production areas and develop through KEP 2. Step change growth from onshore GOM – Drill NW Alice appraisal well in 2010 – Sidetr
Slide 18: END
For personal use only END
Emerald Oil & Gas NL — Shareholder Meeting (November 2009) on 6ix