Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — DUG Australia (July 2015)
23 slides from Synergia Energy's conference presentation, July 2015
Slide 1: The Prospectivity of the Wallal Graben: A Unique Canning Basin Opportunity
For personal use only THE PROSPECTIVITY OF THE WALLAL GRABEN A UNIQUE CANNING BASIN OPPORTUNITY Pete Bekkers July 2015
Slide 2: Important Information / Disclaimer
IMPORTANT INFORMATION For personal use only Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis that none of the Company Directors nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, re
Slide 3: Who We Are
OILEX WHO WE ARE For personal use only Offices in Australia (Perth) and India (Gandhinagar) Gandhinagar Cambay Basin Key Projects INDIA • India - Onshore Cambay Basin (40,000 acres) • Australia – Onshore Canning Basin (3,000,000 acres) Canning Basin Drilled the first successful, multi-stage fracture
Slide 4: Canning Basin: Multiple Hydrocarbon Systems Are Proven - Underexplored
CANNING BASIN MULTIPLE HYDROCARBON SYSTEMS ARE PROVEN - UNDEREXPLORED For personal use only Numerous discoveries in the past • Older wells discovered small, conventional oil pools • Blina Oil Field (1981) IP ~1,000 bopd Recent discoveries • Buru Energy discovered Ungani Oil Field (2011) IP ~1,600 bo
Slide 5: Introduction: Opportunity Identification and Capture of 3 Million Acres
INTRODUCTION STP-EPA-0106 STP-EPA-0107 OPPORTUNITY IDENTIFICATION AND CAPTURE OF 3 MILLION ACRES STP-EPA-0131 For personal use only 2D seismic data clearly images deep half-graben and large structures • Conventional and unconventional plays identified – Stacked objectives able to be tested with a ve
Slide 6: Wallal Graben: Seismic Data Shows Text-Book Half-Graben
WALLAL GRABEN SEISMIC DATA SHOWS TEXT-BOOK HALF-GRABEN ~5km ~20km ~200km For personal use only Jump correlations with regional seismic infer: • A near complete Ordovician sequence is preserved • Possible organic-rich Goldwyer and Bongabinni Formations present Depth to Basement Narrow half-graben Ext
Slide 7: Palaeogeography: Lower Ordovician (480-450 Ma)
PALAEOGEOGRAPHY LOWER ORDOVICIAN (480-450 MA) For personal use only Deposition in the Canning Basin began in the Early Ordovician • in response to extensional tectonics The Larapintine Sea connected eastern Australia to the Canning Basin Deformation in NE Australia and uplift in northern Amadeus Bas
Slide 8: Gravity Gradiometry/Magnetic Survey Results and Interpretation
GRAVITY GRADIOMETRY/MAGNETIC SURVEY RESULTS AND INTERPRETATION For personal use only 4060 line-km of high resolution data acquired by CGG in 2014 Confirmed Wallal Graben extends into SPA area • ~200km long • Only 20% of the graben is covered by 2D seismic data Series of grabens and half-grabens sepa
Slide 9: Magnetic Depth to Basement: Present-Day Expression
MAGNETIC DEPTH TO BASEMENT PRESENT-DAY EXPRESSION For personal use only Oakover River located in syncline axis • Long-lived feature Basement outcrops along edges • Surrounded by mining activity Sand dunes Note Oakover River Oakover River (long-lived syncline) Pilbara Craton Gregory Range Present Day
Slide 10: Source Rocks: Ordovician - Goldwyer Formation
SOURCE ROCKS ORDOVICIAN - GOLDWYER FM. For personal use only Goldwyer Formation • >700m thick in nearby well (150km) High concentrations of marine alga Gloeocapsomorpha Prisca • Excellent source rock potential This alga also abundant in the Baltic (Kukersite), Michigan–Illinois (Trenton Fm.) and Wil
Slide 11: Source Rocks/Resource Play: Ordovician - Goldwyer Formation
SOURCE ROCKS/RESOURCE PLAY ORDOVICIAN - GOLDWYER FM. For personal use only Deeper basinal areas are shale-dominated • Ratios vary widely across the basin Grey-green to grey and black colour Contains millimetre scale carbonate laminae • Beneficial for fracture stimulation Macrofossils indicative of o
Slide 12: Source Rocks/Resource Play: Ordovician - Bongabinni Formation
SOURCE ROCKS/RESOURCE PLAY ORDOVICIAN - BONGABINNI FM. Black shales For personal use only Areas of local subsidence during deposition (e.g. the Admiral Bay Fault Zone and possibly the Wallal Graben) • Facilitated a local system of restricted lagoons in which chemically-reduced/organic-rich sediments
Slide 13: Source Rocks/Resource Play: Depositional Model
SOURCE ROCKS/RESOURCE PLAY DEPOSITIONAL MODEL For personal use only Subsidence along the Wallal Fault enabled a localised marine incursion during the Ordovician • Restricted lacustrine/lagoon system extends along the length of this half graben facilitating the deposition of high quality source rocks
Slide 14: Source Rock Maturity: Basin Modelling Project
SOURCE ROCK MATURITY BASIN MODELLING PROJECT For personal use only Multiple source rocks modelled • Bongabinni and Goldwyer Formations Seismic line Seismic line location Sensitivity analysis conducted • Low, Most Likely and High cases simulated • All indicate mature source within graben Potentially
Slide 15: Large Structural Traps: Closures at Multiple Levels
LARGE STRUCTURAL TRAPS CLOSURES AT MULTIPLE LEVELS For personal use only Prospect 104km2 Structural closure Seismic line location S S Page 15
Slide 16: Extensive Fan Systems
SE NW EXTENSIVE FAN SYSTEMS CLEARLY-DEFINED & ~400M THICK Fan For personal use only Located along rift-bounding fault system • Basal incision, differential compaction and internal channel bodies Fan • 3 way dip-closure against basin margin fault (~20 km long) • Large stratigraphic upside Prospect 5k
Slide 17: East Africa Rifts vs Wallal Graben: Analogous Playtypes
EAST AFRICA RIFTS VS WALLAL GRABEN ANALOGOUS PLAYTYPES For personal use only Tullow Oil – significant success in East African rifts • Lake Albert Rift Basin – Uganda – > 1.1 Bbls discovered • South Lokichar Basin – Kenya – 7 wells = > 600 MMbbls ~10km South Lokichar Graben (Tullow) Comparable identi
Slide 18: Unique Canning Basin Location: Adjacent to Global Resource Centre
UNIQUE CANNING BASIN LOCATION ADJACENT TO GLOBAL RESOURCE CENTRE For personal use only Adjacent to significant activity Access to infrastructure • Roads • Pipelines • Airstrips • Rail Numerous paths to commercialisation Access to potential markets • Surrounded by mining activity • LNG projects • Dom
Slide 19: Onshore LNG Facilities - NW Australia
ONSHORE LNG FACILITIES – NW AUSTRALIA ~400KM FROM THE WALLAL GRABEN FAIRWAY LNG Facilities For personal use only Facilities constructed with provision for additional capacity Western Australia Domestic gas supply obligation • Requires a proportion of gas to be available for the local market Photo co
Slide 20: "Shale Scale": Entire Play Captured
“SHALE SCALE” STP-EPA-0106 (~700,000 acres) ENTIRE PLAY CAPTURED – OVERLAIN ON EAGLE FORD PLAY - TX STP-EPA-0107 (~895,000 acres) For personal use only STP-EPA-0131 (~1,300,000 acres) Wallal Graben • Areal extent covers ~ 25% of EFS liquids-rich play ~3MM Total acres Page 20
Slide 21: Canning Basin Mythologies
CANNING BASIN MYTHOLOGIES SOUTHWEST CANNING HAS IT ALL! For personal use only Myth Reality “No roads – need to build own access routes” The Great Northern Hwy passes through STP-EPA-0106 More than 1500 km of sealed and unsealed roads within the acreage “Need to build pipelines to handle gas” Telfer
Slide 22: Summary: Unique Situation in Canning Basin
SUMMARY UNIQUE SITUATION IN CANNING BASIN For personal use only Large, undrilled half-graben Entire play fairway captured ~3 million acres Play-rich • Deep half-graben, large structures and fan geometries • Potential for organic-rich, mature source rocks Conventional and Unconventional plays Source
Slide 23: Contact - Pete Bekkers
For personal use only THE PROSPECTIVITY OF THE WALLAL GRABEN A UNIQUE CANNING BASIN OPPORTUNITY Contact – Pete Bekkers pbekkers@oilex.com.au