Lakes Blue Energy Nl · ASX:LKO

Lakes Blue Energy Nl — Shareholder Meeting (January 2017)

10 slides from Lakes Blue Energy Nl's shareholder meeting presentation, Jan 16, 2017

  1. Slide 1: Annual General Meeting

    For personal use only Annual General Meeting Roland Sleeman CEO, Lakes Oil NL 16 January 2017

  2. Slide 2: Lakes Oil - History

    Lakes Oil - History For personal use only  Australia’s oldest operating petroleum exploration company.  Formed in 1946 with Victorian focus.  Taken over by Woodside in 1959, and delisted.  Relisted 1985, again with Victorian focus.  Has spent ~$100m on exploration activities across Victoria. 

  3. Slide 3: Lakes Oil - Last 12 Months

    Lakes Oil - Last 12 Months For personal use only Challenging Year Triggers Need for ‘Reinvention’  Dec ‘16: Government Report into Unconventional Exploration.  May ‘16: Chairman / Managing Director retires.  June ‘16: Organisational changes; Capital raising launched.  Aug ’16: Government entrenc

  4. Slide 4: Reinvention

    Reinvention…... For personal use only  Cost reduction: o Maximise funds employed in exploration.  New, Non-Victorian Focus: o Acquisition of Navgas; Near-term exploration activity.  Protection of Shareholders’ Rights and Interests: o Litigation against Victorian Government.  Capital Raising: o S

  5. Slide 5: NavGas - Queensland

    NavGas - Queensland For personal use only WELLESLEY 41 BCF MAJOR EAST 14 BCF

  6. Slide 6: Navgas - South Australia

    Navgas - South Australia For personal use only PROPOSED STRATIGRAPHIC COREHOLE

  7. Slide 7: The Year Ahead

    The Year Ahead For personal use only  Complete Acquisition of Navgas.  Capital Raising.  Near-term High Prospectivity Targets: o Drill Wellesley Dome - prospective 41 Bcf gas o Drill Major East - prospective 14 Bcf gas  Expedite Litigation o $2.7 billion damages claim.  Further Cost Reductions

  8. Slide 8: Disclaimer

    Disclaimer For personal use only This document is not a recommendation, offer or invitation by any person to any person to sell or apply for securities in the Company and does not constitute financial product advice. The document is not a prospectus under Australian law or under any other law. It is

  9. Slide 9: Lakes Oil's Victorian Permits

    Lakes Oil’s Victorian Permits For personal use only Highly Prospective - Gas resources already demonstrated

  10. Slide 10: Lakes Oil's Victorian Potential

    Lakes Oil’s Victorian Potential For personal use only Estimated Prospect Recoverable Gas Wombat 329 Bcf (2C) Trifon-Gangell 390 Bcf (2C) PEL 175 Focus Area 11,469 Bcf (P50) Source: Independent Specialist Report on the petroleum assets of Navgas Pty Ltd and Lakes Oil NL, SRK Consulting (Australasia)

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