Lion Energy Limited · ASX:LIO
Lion Energy — Seapex Conference 2019
13 slides from Lion Energy's conference presentation, Apr 15, 2019
Slide 1: The East Seram PSC Opportunity
The East Seram PSC Opportunity For personal use only Potential to be one of the most exciting blocks in Southeast Asia Lion Energy Limited Seapex Conference 2-5 April 2019 A New Approach to Asian Energy A New Approach to Asian Energy www.lionenergy.com.au April 2019
Slide 2: Important notice and disclaimer
Important notice and disclaimer Forward-looking statements Certain statements contained in this presentation, including information as to the future financial or operating performance of Lion and its projects are forward-looking statements. For personal use only Such forward-looking statements: • sh
Slide 3: Overview of Lion Energy and East Seram PSC
Overview of Lion Energy and East Seram PSC ASX listed, majority Indonesian owners, Seram focused E&P company For personal use only • 100% East Seram PSC Offshore • 6,510 km2, signed July 17 2018 extension of Bula • 500 km 2D commitment, no wells field • Jurassic fold belt play • Shallow Plio-Pleisto
Slide 4: Region contains prolific hydrocarbon provinces
Region contains prolific hydrocarbon provinces Proven Seram Basin fold belt play (partly) analogous to highly successful Papuan fold belt For personal use only Salawati Basin Bintuni Basin 500 mmbbl oil 50 mmbbl oil 0.8 TCF gas 20 TCF gas Seram Basin creaming curve by wells 135 mmbbl condensate ~100
Slide 5: Seram Island stratigraphy
Seram Island stratigraphy Massive fractured carbonate reservoir, world-class source & seal For personal use only Stratigraphic Table - Seram Region Thrust foreland basin Fufa Fm- Primary reservoir •Shallow water sandstone & limestone •Intraformational shale/siltstone seal Middle Jurassic sedimentary
Slide 6: Tectono-stratigraphic model - key play elements
Tectono-stratigraphic model - key play elements 1.Triassic- Jurassic Manusela carbonate, rich co-eval Saman-Saman source, Kola Fm seal 2.Shallow Plio- Pleistocene sands and reefal buildups, intraformational seals, Saman-Saman source For personal use only Kanikeh Fm Lofin (350 mmboe) & Oseil area fie
Slide 7: Lofin gas discovery - 1300m gas column with closure of ~40 km2
Lofin gas discovery - 1300m gas column with closure of ~40 km2 Largest onshore discovery in Indonesia in decades, extends into East Seram PSC For personal use only • 2015 Lofin-2 confirmed 1300m gas column in fracture carbonate, flowed 17.8 MMscfg/d • Numerous fractures from cores, image logs, losse
Slide 8: Lion's block contains world-class prospect & lead portfolio
Lion’s block contains world-class prospect & lead portfolio Impressive portfolio defined by seismic, surface mapping, gravity & topography For personal use only 10 km Lofin Field 17 P&L (to date) with combined P50 Prospective Resource1 of 1.24 billion boe A New Approach to Asian Energy www.lionenerg
Slide 9: Seram fold belt play: impressive undrilled structures
Seram fold belt play: impressive undrilled structures 2020 seismic program to cover key leads For personal use only Oil seep from 1917 survey MA-7 lead – closure up to 55 km2 (+) 1Prospective Resource: The estimated quantities of petroleum that may potentially be recovered by the application of a fu
Slide 10: Global statistics for fold-thrust belt (FTB)
Global statistics for fold-thrust belt (FTB) Globally host around 25% of total discovered reserves For personal use only • >700 bboe discovered Seram has compelling similarities • ~520 bboe in Zagros FTB with Zagros, Sulaiman and PNG FTB • ~180 bboe in ~30 other FTB’s (av Sulaiman FTB 6 bboe) • Sour
Slide 11: Shallow play: Offshore Bula Field extension
Shallow play: Offshore 20 mmbbl Bula Field extension Offshore extension potential recognised in 1990’s, area not under licence until now For personal use only • Bula North flank wells show good production (122,000-300,000 bbls) Offshore Bula Potential offshore • Up to 5 mmbbl potential in East exten
Slide 12: East Seram Investment Value Proposition
East Seram Investment Value Proposition Up to 50% working interest and operatorship available For personal use only Proven Basin, • Extension of existing Bula oil and Lofin gas field into PSC Immature Plays 1 with High • Proven, un-creamed, high upside fold-belt and low cost shallow play. Prospectiv
Slide 13: Thank you
For personal use only Thank you Contact: Tom Soulsby- tsoulsby@lionenergy.com.au A New Approach to Asian Energy Manusela Limestone with oil stain – Neif Gorg www.lionenergy.com.au April 2019 13