3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Investor Presentation (December 2017)
20 slides from 3d Energi's investor presentation, Dec 7, 2017
Slide 1: Investor presentation December 2017
For personal use only Investor presentation December 2017 ASX: TDO
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only ― Flagship T/49P project in Bass Strait is one of the largest (4,960 km2) and most prospective offshore permits in Australia (10TCF P50 Prospective Resources 1) ― Several farm-out processes currently underway across the 3D Oil portfolio to accelerate and d
Slide 3: Portfolio Overview
PORTFOLIO OVERVIEW 3D Oil has opportunistically built a portfolio of significant positions in some of Australia’s most prospective offshore exploration basins For personal use only WA-527-P (100% owned) ✓ 2017: Opportunistic bid in frontier Exploration – Roebuck Basin 3 acreage next to Phoenix South
Slide 4: 3D Oil Value Creation
3D OIL VALUE CREATION The West Seahorse transaction demonstrates 3D Oil’s ability to recognise opportunities and crystallise value For personal use only Value generated by 3D Oil during West Seahorse sale Current near term objectives for T/49P and WA-527-P Acquisition Further exploration Establish j
Slide 5: East Coast Gas Supply Crisis
EAST COAST GAS SUPPLY CRISIS The supply crunch on the east coast of Australia has resulted in a sharp increase in wholesale gas prices across 2017 For personal use only Shortfall of supply... ...and high political focus... • Post 2017 there is a forecast growing imbalance of gas supply/demand on eas
Slide 6: Meeting Victoria Gas Demand Shortfall
MEETING VICTORIA GAS DEMAND SHORTFALL 3D Oil expects to be well placed to supply high margin gas production to the east coast gas market For personal use only Delivered cost to Melbourne (A$/GJ) Casino Henry Speculant-Halladale GBJV Thylacine-Geographe Sole-Manta Cooper Basin All QLD CSG Amadeus Yol
Slide 7: T/49P – Asset Overview
1 T/49P – ASSET OVERVIEW Vast frontier acreage with recently announced 10TCF Prospective Resource (Best Estimate)1 in shallow water in the Otway Basin For personal use only Asset overview Tenement overview Munro ― T/49P was acquired by 3D Oil in 2013 through its bid in the 2012 Australian Offshore G
Slide 8: T/49P – Prospective Resource Estimates
1 T/49P – PROSPECTIVE RESOURCE ESTIMATES In addition to the Flanagan Prospect at least 5 leads have been identified from a broad grid of 2D seismic data For personal use only LaBella Thylacine field (100% Lattice Prospects and leads all 100%-owned by 3D Oil Energy) Thylacine is “full to spill” Thyla
Slide 9: T/49P – Location
1 T/49P – LOCATION T/49P is located next to existing domestic gas infrastructure owned by Lattice Energy, BHP, AWE, Mitsui and Cooper Energy For personal use only Nearby operations Halladale FY17 production: 2P Reserves: 2C Resources: Black Watch Speculant 22PJ 37PJ 29PJ Production assets reaching m
Slide 10: T/49P – Potential Flanagan Development
1 T/49P – POTENTIAL FLANAGAN DEVELOPMENT A potential development at Flanagan could be highly economic based on Worley Parsons analysis, even with conservative development and pricing scenarios For personal use only Flanagan NPV assessment Production forecast (mmcfd) ― 3D Oil commissioned an economic
Slide 11: T/49P – Valuing the Prospective Resources
1 T/49P – VALUING THE PROSPECTIVE RESOURCES There is significant value in a potential discovery of 10TCF of commercial sales gas as highlighted by numerous valuation approaches For personal use only Prospective Resources (TCF)1 Illustrative gas in place value (A$ billion) Resource Status Best A$4.0/
Slide 12: Potential Scale of T/49P Volumes
1 POTENTIAL SCALE OF T/49P VOLUMES 10TCF is a highly significant volume and fits within the realm of some of the largest exploration prospects in Australia For personal use only Australia’s largest offshore undeveloped projects (TCF) 16.0 Largest projects are located offshore WA 8.7 VERY limited lar
Slide 13: VIC/P57 – Asset Overview
2 VIC/P57 – ASSET OVERVIEW VIC/P57 has 6 prospects and leads located along Australia’s most prolific oil and gas producing basin that are defined by state of the art reprocessed 3D seismic data For personal use only ― Located in the Gippsland Basin, which had initial reserves estimated at 4 billion
Slide 14: VIC/P57 – Pointer Overview
2 VIC/P57 – POINTER OVERVIEW Pointer has a best estimate prospective resource of c.235BCF recoverable gas, which in its location markets is a very attractive target For personal use only ― Newly identified gas prospect within the Amplitude extraction of Pointer prospect from the PrSDM Far Offset exc
Slide 15: T/57P – Felix Prospect
2 T/57P – FELIX PROSPECT Exciting feature which has been overlooked in the basin largely due to poor quality seismic; our reprocessed seismic has improved imaging significantly For personal use only ― Located between two oil fields (Wirrah and Moonfish) with Location of Felix Prospect closure at the
Slide 16: WA-257-P: Asset Overview
3 WA-257-P: ASSET OVERVIEW The WA-257-P permit covers a large underexplored area that is situated next to some of Australia’s most exciting recent oil and gas discoveries For personal use only ― Located in the offshore Roebuck Basin of Western Permit location and TWT structure Australia, and covers
Slide 17: Corporate Snapshot
CORPORATE SNAPSHOT 3D Oil has built a portfolio high-impact, frontier offshore exploration permits in Australia with the potential to supply significant amounts of gas into the east coast market For personal use only Corporate overview Share price performance (since Nov-2016) ― Portfolio of high-imp
Slide 18: Board of Directors
BOARD OF DIRECTORS Board and its advisors have significant oil and gas experience (former Director of BHP, Woodside) having led some of Australia’s largest corporates For personal use only Proven success of 3D Oil Board and management team ― Peter Willcox, former Chairman of 3D Oil and current Board
Slide 19: 3D Oil Is Picking Up Speed
3D OIL IS PICKING UP SPEED 3D Oil has navigated through the difficult oil and gas exploration period and is primed to capitalise on its portfolio of potential world class exploration projects For personal use only ✓ Perfectly poised to take advantage of gas crisis Large prospective resources and a s
Slide 20: Important Disclaimer
Important Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achie