Emperor Energy Ltd · ASX:EMP
Emperor Energy — RIU Good Oil Conference Perth 2019
26 slides from Emperor Energy's conference presentation, Sep 11, 2019
Slide 1: Emperor Energy (ASX: EMP) - RIU Good Oil Conference Perth
Emperor Energy (ASX: EMP) RIU Good Oil Conference Perth 11th and 12th September 2019
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Emperor Energy Limited ABN 56 006 024 764 (ASX: EMP). The material provided to you does not constitute an invitation, solicitation, recommen
Slide 3: Key Points
Key Points • New management team appointed April 2019 • Bass Strait Gas Exploration Focus • 100% ownership of Exploration Permit Vic/P47 (Judith Structure) • Independent Resource Statement completed by 3D-Geo, July 2019 • 2C Contingent Resource (Gas Sales) of 150 Bcf • P50 Unrisked Prospective Resou
Slide 4: Company overview
Company overview • ASX Listed Energy Company • 76 Million Ordinary Shares (ASX: EMP) • 42 Million Options (ASX: EMPOC) • Market Capitalisation $3 Million • Strong management team with extensive exploration and financial experience • Strong shareholder alignment • Management holding 10% ownership • T
Slide 5: Management Team
Management Team Carl Dumbrell, Director Phil McNamara, Director Malcolm King, Director • Appointed July 2015 • Appointed April 2019 • Appointed April 2019 • EMP Company Secretary • 37 years in the resource • Over 30 years experience in • Chartered Accountant, industry upstream oil & gas Australia, E
Slide 6: Schedule of Tenements
Schedule of Tenements Permit Type Location Ownership Vic/P47 Exploration Permit Offshore Gippsland Basin 100% Backreef Exploration Area Onshore Canning Basin 100% R1/R3 Retention Lease Offshore Carnarvon Basin 100%
Slide 7: Gippsland Basin
Gippsland Basin • Australia’s premier hydrocarbon province • Located 200 km east of Melbourne • Exploration commenced in 1924 • Over 400 exploration wells • Some 90,000 line km of 2D seismic • More than forty 3D seismic surveys • Petroleum infrastructure well developed with a network of pipelines to
Slide 8: Vic/P47 - Bass Strait Victoria
Vic/P47 - Bass Strait Victoria • EMP holds 100% of 202 km2 Vic/P47 Permit • EMP is Operator of the Permit • Shallow water depths: 20 – 85 m • Two-gas discovery wells drilled within the permit: • Judith-1 drilled by Shell in 1989 • Moby-1 drilled by Bass Strait Oil in 2004 • 3D seismic reprocessing,
Slide 9: Gippsland Basin Current and Potential Future Developments - Field Size
Gippsland Basin Current and Potential Future Developments - Field Size Production Licence / Reserve / Resource Estimated Initial Source Field Operator Permit Category Resource (Bcf) Reference Judith VicP47 Emperor 2C Contingent 150 1 Judith VicP47 Emperor P50 Prospective 1226 1 Sole Vic/L32 Cooper 2
Slide 10: Proximity of other Gas Fields
Proximity of other Gas Fields Moby Gas Field Patricia / Baleen Oil Field Great er Northern Vic/P47 Judith Longtom Terrace SE Longtom Strzelecki Greater Judith Judith-1 Top Emperor Gas Sands Tuna Kipper Regional Top Judith Gas Sand 1 Depth Map Depth Map Contour Interval: 25 m Contour Interval: 25 m R
Slide 11: Greater Judith Structure Showing Surrounding Wells
Greater Judith Structure Showing Surrounding Wells Top Judith Gas Sand 1 Depth Map Contour Interval: 25 m Judith Gas Sand 1 Depth Model from Longtom Gas Field to the Greater Judith Structure
Slide 12: Judith Structure Depth Map
Judith Structure Depth Map Top Judith Gas Sand 1 Depth Map Contour Interval: 25 m Top Emperor Gas Sands interpreted and mapped from reprocessed 3D seismic data within Vic/P47 showing location of Judith-1 drilled close to gas water contacts and significantly down-dip from structural crest.
Slide 13: Static Model
Static Model Top Judith Gas Sand 1 Depth Map Contour Interval: 25 m Greater Judith Prospect 3D Structural Model showing the structural framework (horizons and faults) 3D-Geo
Slide 14: Vic/P47 Volumetrics Summary
Vic/P47 Volumetrics Summary Summary of Contingent and Prospective Resources for the Judith Gas Field in VIC/P47 (3D Geo, July 2019) Judith Gas Discovery Contingent Resources Low 1C Best 2C High 3C GIIP Bcf 180 278 386 Sales gas Bcf 97 150 209 Condensate MMbbl 1.4 2.2 3.2 Judith Gas Discovery Unriske
Slide 15: Dynamic Modelling
Dynamic Modelling • Static geological model developed using Schlumberger’s Petrel software for Judith 1 and greater Judith Structure. • To confirm well productivity and gas production forecasts, 3D-GEO then developed a Dynamic Reservoir Model using Schlumberger’s Eclipse software. • The Dynamic Mode
Slide 16: 4 Well Simulation
4 Well Simulation Greater Judith 4 Well Dynamic Model of Emperor Gas Sands showing suggested fault-controlled compartments
Slide 17: Petro-physics Study Completed
Petro-physics Study Completed • Net Reservoir Thickness of 234m • Four (4) reservoirs • Net gas pay (in gas sands) of 162m • Average Porosity in gas pay reservoirs of 13 - 14.9% • Average Permeabilities in gas pay reservoirs of 0.7 - 1.9 millidarcies (md) • Average Gas Saturations for gas sands vary
Slide 18: Analogue with Longtom Production Field
Analogue with Longtom Production Field Judith Structure in Vic/P47 is located 15km along strike to the East of Longtom Production Field
Slide 19: Longtom Analogue
Longtom Analogue Well correlation between Longtom Wells and Judith-1 suggests potential for additional reservoir development below Total Depth (TD) of Judith-1 This includes the interval that flowed at 13.6 MMscf/d from DST-1 at Longtom-2
Slide 20: 2019/20 Business Schedule - Vic/P47
2019/20 Business Schedule - Vic/P47 Progress Partnership Well Design Commence Exploration Commence Global Search for Development for gas Engineering and Well Drilling Approval Exploration Partner, May 2019 delivery and offtake Costing. Process 2nd Half 2019 Qtr 3/4, 2019 Qtr 3/4, 2019 Partnership De
Slide 21: Canning Basin, Western Australia Backreef Block
Canning Basin, Western Australia Backreef Block
Slide 22: Canning Basin, Western Australia Backreef Block
Canning Basin, Western Australia Backreef Block • EMP owns 100% of the Backreef Block and is Operator • Backreef-1 was drilled in October 2010 to a depth of 1800m • Oil was discovered in porous and permeable Laurel dolomites • Production tests confirmed the discovery as non-commercial • The well is
Slide 23: Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano)
Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano) • Cyrano has Contingent Resource (2C) of 3.01 MMbbl of oil • Additional Prospective Resources (P50) estimated at 0.928 MMbbl
Slide 24: Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano)
Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano) • EMP is Operator and holds 100% of R3/R1 • Permit Area – 81 km2 • The Cyrano Oil Field was discovered in 2003 • The field is defined by 4 vintage wells and 3D seismic • The field in located in 17 m of water. • Productive reservoirs
Slide 25: Source References
Emperor Energy Source References 1 Emperor Energy Limited (2019): Independent resource statement - Judith Gas Field, offshore Gippsland Basin, Victoria, 100% Emperor owned, 11 July 2019. ASX market announcement. Available at https://emperorenergy.com.au/wp-content/uploads/2019/07/11-Jul-19-Independe
Slide 26: Emperor Energy
Emperor Energy www.emperorenergy.com.au