Vintage Energy Ltd. · ASX:VEN
Vintage Energy — Shareholder Meeting (November 2021)
15 slides from Vintage Energy's shareholder meeting presentation, Nov 29, 2021
Slide 1: Annual General Meeting 2021
29 NOVEMBER 2021 Annual General Meeting 2021
Slide 2: Disclaimer
Disclaimer 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 statements are only predic
Slide 3: Reg Nelson – Chairman
Reg Nelson – Chairman Welcome, quorum and opening of meeting
Slide 4: Quality portfolio of permits
Quality portfolio of permits Geographically diverse and gas focused portfolio; cash flow anticipated in mid-2022 Cooper / Eromanga Basins 1 • Growing, multi-permit, footprint • ATP 2021: Commercial gas field proven at Vali 5 • PRL 211: Odin-1 gas discovery • PELA 679: Gazettal success Otway Basin 4
Slide 5: Key ingredients for success
Key ingredients for success Vintage technical team has delivered a 100% success rate from wells drilled to date ASSET PORTFOLIO CAPABILITY Identified and accessed quality permits Ex-Beach Energy technical staff with a through industry contacts history of exploration discoveries in the Technical due
Slide 6: Operational excellence delivering catalysts
Operational excellence delivering catalysts Non-equity funding options for upcoming operational and infrastructure projects Vali Field gas discovery with Completion of Odin well test drilling of Vali-1 ST1 exploration (stabilised flow of 6.5 MMscfd) well, Vali-2 and Vali-3 Tripling of Vali 2P reserv
Slide 7: Southern gas production declining; demand stable; prices up
Southern gas production declining; demand stable; prices up Long-term domestic gas prices expected in the range of $8-$11/GJ; LNG pricing emerging as benchmark for ex-Wallumbilla gas price Southern gas production and demand (PJ) BASE CASE GAS PRICE FORECASTS (REAL $2021, $/GJ) 500 Actual Forecast 11
Slide 8: Neil Gibbins - Managing Director
Neil Gibbins - Managing Director Operational overview
Slide 9: Three Growth Projects
Growth projects Three growth projects expected to deliver shareholder return outperformance Vali-1 ST1 Flare Three Growth Projects VALI/ODIN Cooper / CERVANTES Eromanga basins Perth Basin Odin-1 Flare NANGWARRY Otway Basin 9 AGM | 29 November 2021
Slide 10: Building a sizeable footprint in the Cooper Basin
Building a sizeable footprint in the Cooper Basin Acquiring permits with familiar geology for best chance of success • Total acreage position of 862.8 km2 1 ATP 2021 • Farm-in for 50% and operatorship (July 2019) • Three successful wells (Vali-1 ST1, Vali-2 and Vali-3) • Vali-1 ST1 fracture stimulat
Slide 11: PRL 211 and ATP 2021 (Cooper Basin)
PRL 211 and ATP 2021 (Cooper Basin) Cooper Basin new field discoveries close to Moomba connected infrastructure, with exciting follow-up prospects, such as Kinta, still to be drilled ODIN FIELD: 2C of 16.0 GAS AND OIL PROSPECTIVITY Bcf (net) • Kinta an exciting prospect with gas shows Odin-1 explora
Slide 12: Nangwarry Field (Otway Basin)
Nangwarry Field (Otway Basin) Nangwarry-1 CO2 discovery potentially capable of commercial production over 30+ years PRL 249 (exPEL 155) • Successful well test flowed CO2 at stabilised rate of 10.5-10.8 MMscfd • Potential for reliable, and highly profitable, source of food grade CO 2 over a 30+ years
Slide 13: Cervantes oil prospect (Perth Basin)
Cervantes oil prospect (Perth Basin) Adjacent to the 12 MMbbl oil in place Jingemia oil field (over 4.6 MMbbl produced to date) • L14, located within the Perth Basin, is a 39.8 km2 production licence granted over the Jingemia oilfield and surrounds • Binding farm-in agreement executed for 30% of the
Slide 14: In summary
In summary Three key growth projects: Near-term production and cash flow expected from Vali/Odin, commercial discussions underway for Nangwarry CO2, with Cervantes likely to be drilled in H1 2022 Australian east coast Gas focused Market Quality team energy market with oil potential accessibility Gas
Slide 15: Glossary
Glossary $ Australian dollars GJ Gigajoule (1 GJ is equivalent to 1x109 joules) 1C Contingent resource low estimate1 JV Joint Venture 2C Contingent resource medium estimate1 km2 square kilometres 3C Contingent resource high estimate1 km kilometre 2D Two dimensional LNG Liquefied Natural Gas 3D Three