Slide 1: North Sumatran Basin South Block A PSC Opportunity
North Sumatran Basin For personal use only South Block A PSC Opportunity Kim Morrison CEO, Lion Energy Limited Seapex 8 April 2016 A New Approach to Asian Energy A New Approach to Asian Energy www.lionenergy.com.au April 2016
Slide 2: Important notice and disclaimer
Important notice and disclaimer Forward-looking statements For personal use only 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. Such forward-looking statements: • sh
Slide 3: Lion Energy overview
Lion Energy overview ASX listed with pure Indonesia focus and highly experienced management team For personal use only Assets: • Seram PSC (2.5%) - 4200 bopd production (105 bopd net) and appraisal upside (Lofin 2tcf discovery/50 bcf net) • South Block A (35%) - exploration • Two unconventional join
Slide 4: South Block A PSC: Exciting, underexplored block
SOUTH BLOCK A PSC Exciting, underexplored block For personal use only • 1579km2, multiple plays • PSC signed 2009, current term expires Dec 2016, commitment well to be drilled will allow 4 year extension • On trend with major fields, 2013 Matang-1 discovery, Participants: • New 400 mmscfd pipeline t
Slide 5: North Sumatra Basin / SBA exploration
North Sumatra Basin / SBA exploration SBA contains extension of highs, basinal areas and large inversion features For personal use only • North Sumatra ~25 tcf and 1.6 bill bbl oil/condensate • Onshore: 34,000 sq km, ~85% of discovered reserves • Significant yet-to-find, limited onshore 3D • Previou
Slide 6: Early Miocene Peutu carbonate play
Early Miocene Peutu carbonate play Discovered play volumes: Oil 40 mmbbl, Gas 20 tcf, Cond 750 mmbbl For personal use only Potential carbonate build ups in SBA on extension of high trends Peutu Paleogeography Large inversion gas condensate prospects Pineueng gas flows Existing Kuala Muku discovery P
Slide 7: Early Miocene Belumai sandstone play
Early Miocene Belumai sandstone play Play volumes: Oil 30 mmbbl, Gas 0.5 tcf, Cond 40 mmbbl For personal use only Sandstone sourced from basement highs. Interbedded carbonate and shales with good source potential. Belumai Paleogeography Large inversion gas condensate prospects Anggor Field Peutu/Bel
Slide 8: Middle Miocene Baong Fm sandstone play
Middle Miocene Baong Fm sandstone play Play volumes: Oil 90 mmbbl, Gas 1.6 tcf, Cond 30 mmbbl For personal use only SBA PSC Outer shelf to turbidite sandstone and siltstones in axial deposition in lows Baong Paleogeography Tight Baong gas play (BCG?) Source: IHSE/various A New Approach to Asian Ener
Slide 9: Late Miocene-Plio. Keutapang/Seurula sandstone play
Late Miocene-Plio. Keutapang/Seurula sandstone play Play volumes: Oil 600 mmbbl, Gas 2.2 tcf, Cond 50 mmbbl For personal use only Stacked pay with fluvio-deltaic sandstone sourced from emerging Barisan mountains to south Keutapang Paleogeography Keutapang Oil Play Source: IHSE/various A New Approach
Slide 10: South Block A PSC Portfolio
South Block A PSC Portfolio 100% Prospective resource (unrisked): 191-1428 bcf gas, 9-69 mmbbl oil/cond (top 6 prospects) For personal use only • 2014 seismic high graded portfolio • Gas condensate – Jerneh: company maker gas/ condensate prospect – Follow up Simpang Deep, Pineueng • Oil – Amanah Tim
Slide 11: Amanah Timur Prospect
Amanah Timur Prospect Well developed anticline on proven trend, prospective resource 2-9 mmbo For personal use only • Faulted wrench related anticline Prospective resource unrisked (100%): • Pre-war field produced ~200,000 bbls from shallow Keutapang, • Oil (mmbbl) P90: 1.7 P50: 3.9 Mean: 4.6 P10: 8
Slide 12: Amanah Timur well plan and location
Amanah Timur well plan and location Well cost US$1.7 mm dry hole (turn key), US$2mm tested For personal use only Located in Palm plantation with good roads and gentle topography ~10km to Langsa city (Population 150,000) - ready market for gas Well plan (TD 700m) allows for evaluation of shallow oil
Slide 13: Jerneh Prospect
Jerneh Prospect Largest undrilled structure in onshore North Sumatra, world-class potential (64-760 bcf) For personal use only • 7.9 km2 4-way, up to 63 km2 sub thrust closure Prospective resource unrisked (100%): • Gas (bcf) P90: 64 P50: 223 Mean: 329 P10: 760 • Analogue with PASE (240 bcf) and Mat
Slide 14: Jerneh - Matang Comparison
Jerneh - Matang Comparison Similarities in seismic character - well developed limestone reservoir in Matang-1 For personal use only Jerneh Prospect Matang 1 Matang-1 Matang 100' gas bearing E. Mio. carbonate (~400' expected, lost circulation & gas kick resulted in early TD) Porosity 10-30% av. 14% S
Slide 15: Jerneh well plan
Jerneh well plan Well cost estimate ~US$6.4 million For personal use only Well name : Jerneh (J#01) Clasification : Vertical Exploratory Well Objectives Objective : Middle Baong Sand and Peutu/Belumai Limestone Total Depth : 1900 meter Ref.Well : Pelawi#01. Est.Drilling days : 33 days. Est.Budget (U
Slide 16: Aceh and North Sumatra under supplied gas markets
Aceh and North Sumatra under supplied gas markets, High growth potential, competition against re-gassified LNG For personal use only Existing Supply: • Block B and NSO, now Pertamina, in rapid decline and likely abandoned in a few years without further investment. • Arun plant stopped exporting in 2
Slide 17: One of Asia's most prolific onshore basins
SOUTH BLOCK A PSC One of Asia's most prolific onshore basins For personal use only • Attractive portfolio with significant upside • Proven plays • Ready to drill prospects, on trend with major fields • Established oil and gas infrastructure • High demand gas market A New Approach to Asian Energy www
Slide 18: Thank you
For personal use only Thank you For more information please contact: Kim Morrison Chris Newton Chief Executive Officer Director kmorrison@lionenergy.com.au cnewton@lionenergy.com.au Office: +61 8 9211 1500 Indonesia: +62 812 1065957 Mobile: +61 404 490 964 A New Approach to Asian Energy www.lionener