Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Investor Presentation (March 2019)
20 slides from Vintage Energy's investor presentation, Mar 21, 2019
Slide 1: Investor presentation – March 2019
For personal use only Investor presentation – March 2019
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Vintage Energy Limited (Vintage or the “Company”), with the purpose of providing general information about the Company. This presentation contains certain statements which may constitute “forward- looking statements”. Such state
Slide 3: Vintage Energy overview
Vintage Energy overview For personal use only Current energy crisis in Australia − Foundation for the formation of Vintage Energy Successful IPO − Strong weighting of institutional investors (domestic and international) Quality acreage position acquired expeditiously − Drill ready prospects wi
Slide 4: Growth focused energy company
Growth focused energy company For personal use only East coast Gas focus Lean, Market energy with oil innovative accessibility market potential and agile Gas and energy Onshore basins with shortage on the east marketable gas Permits close to Small, quality team coast potential industrial, provides r
Slide 5: Achievements
Achievements For personal use only To date…. To come…. Galilee ✓ Albany-1 drilled and flowed gas • Two well drilling program to Basin at 230 Mscfd commence in April 2019 ✓ 2C contingent resource of 23 PJ • Fracture stimulation program (net) booked • Potential for two more wells ✓ Koburra 2D seismic
Slide 6: Assets
Assets For personal use only Galilee Basin Otway Basin Bonaparte Basin - 15% equity, moving to 30% PEL 155 - 100% equity - Albany-1 drilled, flowed gas - 50% equity - Proven petroleum system at 230 Mscfd - Nangwarry-1 to be drilled - Multiple play types - Koburra 2D completed - Net prospective resou
Slide 7: Galilee Basin – Market opportunities
Galilee Basin – Market opportunities For personal use only Adjacent to proposed mines and coal seam gas projects Power to nearby mines Accessible to Gladstone and hubs powering local industry and cities Recent approaches regarding a Appraise in Industrial gas potential pipeline connections to
Slide 8: Galilee Basin – ATPs 743, 744, 1015 ("Deeps")
Galilee Basin – ATPs 743, 744, 1015 (“Deeps”) For personal use only Vintage 15% (earning up to 30%), Comet Ridge 85% and operator Stage 2 underway – Vintage to fund 50% of $10 million program to earn additional 15% − Revert to equity interest post initial JV spend of $10 million Koburra seismi
Slide 9: Galilee Basin – potential four well campaign
Galilee Basin – potential four well campaign For personal use only Ensign 932 rig to arrive early/mid April − Fit for purpose rig with increased horsepower Drilling pad build commenced Targeting the large 61 km2 conventional Albany gas structure − Successful gas flow at Albany-1 of 230,000 scf
Slide 10: Otway Basin – PEL and PEP
Otway Basin – PEL 155 and PEP 171 For personal use only PEL 155 (SA) Vintage 50%, Otway Energy 50% (subsidiary of Rawson Oil & Gas1) and operator $4.95 million SA Govt PACE Gas Grant Nangwarry-1 expected to be drilled in FY19 − Adjacent to Haselgrove discovery Site preparation commenced Na
Slide 11: Otway Basin – PEL
Otway Basin – PEL 155 For personal use only Ready to drill prospect at Nangwarry-1 − Well location covered by 3D seismic and within pine plantation − On trend with Otway Basin, Penola Trough fields Haselgrove Field − 3-way dip, fault sealed closure, high chance of gas charge − Analogous to Haselgr
Slide 12: Bonaparte Basin – EP
Bonaparte Basin – EP 126 For personal use only Vintage 100% Low cost entry Large 6,700 km2 permit Gas flows from onshore Bonaparte wells − Onshore is an underexplored frontier region − Four petroleum exploration wells drilled in EP 126 Potential to supply gas locally to industrial users
Slide 13: Bonaparte Basin – EP
Bonaparte Basin – EP 126 For personal use only Multiple play types − Conventional carbonate and clastic reservoirs Good hydrocarbon shows in Cullen-1 (2014) − Fractured carbonate gas play defined (Ningbing Limestone/Langfield Group) − Oil shows in shallower Weaber Group Gas flow Gas show Oil sho
Slide 14: Strategy for sustainable growth
Strategy for sustainable growth For personal use only 1. 2. 3. 4. 5. Operational, Asset Corporate Balanced Portfolio commercial acquisitions opportunities portfolio optimisation focus and farm-ins 1. In-house operational and commercial expertise with a highly successful track record 2. Evaluation of
Slide 15: Timeline – FY19
Timeline – FY19 For personal use only 2018 2019 Q1 Q2 Q3 Q4 Albany-1 Airborne Albany-1 geophysical flow test survey Successful IPO Galilee 2D seismic Albany-2, Albany-1/ST1 Nangwarry-1 Completed JV approved Contract under review An active and productive start; Galilee Basin drilling imminent with fu
Slide 16: Sources and uses of funds - 2019
Sources and uses of funds - 2019 For personal use only 2019 28.6 $ million Actual 2H FY19 1H FY20+ Estimate Galilee Basin – Stage 2 − Vintage to fund 50% of first $10 million to earn a further 15% equity − Expenditure beyond $10 million pro rated at JV equity share (Vintage 30%, Comet Ridge 70%) −
Slide 17: Summary
9. Summary For personal use only The time is right to take advantage of energy market dynamics Quality acreage position acquired expeditiously − Drill ready prospects with a clear pathway to development if successful Continue to acquire, explore and develop gas focused assets, with oil potenti
Slide 18: Explanatory notes
Explanatory notes For personal use only Prospective and Contingent Resources: With respect to Prospective Resource estimates contained in this report, estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumula
Slide 19: Explanatory notes
Explanatory notes For personal use only The preparation of the assessment was supervised by Mr. Ian Cockerill, RISC Head of Geoscience. Mr. Cockerill has 20 years’ experience in the upstream hydrocarbon industry with Hunt Oil, Apache Energy and RISC. He is a member of the American Association of Pet
Slide 20: For information
For information For personal use only info@vintageenergy.com.au www.vintageenergy.com.au 27