Prominence Energy Limited · ASX:PRM
Prominence Energy — Sun Resources NL — Shareholder Meeting (January 2016)
10 slides from Prominence Energy's shareholder meeting presentation, Jan 13, 2016
Slide 1: General Meeting
GENERAL MEETING 13 January 2016
Slide 2: Important Information - Disclaimer
IMPORTANT INFORMATION - DISCLAIMER This presentation has been prepared by Sun Resources NL (“Sun”) for the purpose of providing a company and technical overview to interested parties to enable recipients to review the business activities of Sun. This presentation is limited in scope and is not inten
Slide 3: Sun Resources Corporate Snapshot
SUN RESOURCES CORPORATE SNAPSHOT Capital Structure: As at 06 January 2016 Recent Share Price / Volume History ASX code SUR Ordinary shares on issue 5,444m 1 Performance options 140m Listed options (A$0.025) 259m 2 Unlisted options (various prices) 300m Current share price A$0.001 Market capitalisati
Slide 4: Ongoing Search for Capital to Deliver Revenue
ONGOING SEARCH FOR CAPITAL TO DELIVER REVENUE Strategic focus on Normangee Oil Project • Frack & flow-back is profitable with an average US$45 oil price in year 1 of flow-back • Forecasting US$2.5-3 million in first year of flow-back • Seeking US$4 million from capital (JV) partner and/or debt /eq
Slide 5: Buda-Georgetown – New 'Bench' Doubles Drilling Locations
BUDA-GEORGETOWN – New ‘Bench’ Doubles Drilling Locations Multiple Oil Targets – Minimum Two Benches Sub Clarksville Sandstone – Oil confirmed (“stack-frack” option) Eagle Ford Shale – Lower Woodbine oil confirmed Buda Limestone – Oil confirmed (“stack-frack” potential also) Samuel #1H (Presco)
Slide 6: USA Unconventional Tactics: HBP Programmes
USA UNCONVENTIONAL TACTICS: HBP Programmes Held-By-Production (“HBP”) allows Operators to maintain mineral leases in good standing without full development until oil prices recover. “Deferring frack & flow-back for 12 months in low oil price environment can improve lateral well economics” (source: E
Slide 7: East Texas Stack-Frack Targets (including Buda-Rose Section)
EAST TEXAS STACK-FRACK TARGETS (including Buda-Rose Section) Source: Zaza Energy Corporation (2015) 7
Slide 8: USA Unconventional Tactics: Stack-Fracks
USA UNCONVENTIONAL TACTICS: Stack-Fracks Vertical wells with multiple, vertically stacked, oil zones. Fracked in stages, just like long horizontal wells. AFE to D&C <50% of a lateral D&C cost. Can deliver better returns than laterals in the current oil price environment. Sun is investigating this fo
Slide 9: USA Unconventional Tactics: Re-Fracking
USA UNCONVENTIONAL TACTICS: Re-Fracking Re-fracking has the potential to enhance flow rates and estimated ultimate recovery (“EUR”) by re-entering existing, fracked, unconventional lateral and vertical wells. Sun is investigating this option for the Seale #1H Lower Woodbine lateral. 9
Slide 10: www.sunres.com.au
gg eEE—————EEee"" www.sunres.com.aqu SUN fESOUICESz ABN 69 009 196 810 ASX SUR Matthew Battrick Managing Director and CEO Level 2, 30 Richardson Street, West Perth 6005 PO Box 1786, West Perth WA 6872 T +61 893219886 F +61 89321 8161 M 0416 111 298 E mab@sunres.com.au
Sun Resources NL — Shareholder Meeting (January 2016) on 6ix