Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Lakes Oil N.L. — IIR Conference Perth (June 2009)
31 slides from Lakes Blue Energy Nl's conference presentation, Jun 25, 2009
Slide 1: Tight Gas 'A Lonely Journey'
For personal use only Tight Gas ‘A Lonely Journey’ “Have you heard about the 10 yyear – overnight g sensation ?” Ingrid Campbell
Slide 2: Lakes Oil: a lonely journey of tight gas development
For personal use only »Lakes Lakes Oil: a lonely journey of tight gas development »Gippsland Well Histories »The North American Situation »The way ahead
Slide 3: Lakes Oil: The Tight Gas Story
Lakes Oil : The Tight g Gas Story y For personal use only COMMERCIALITY THROUGH TECHNOLOGY Fracturing F t i technology t h l h enabled has bl d L Lakes k Oil tto ttakek advantage of its onshore Gippsland Basin tight gas resource Having spent over resource. Fracing in $40m in drilling drilling, fraci
Slide 4: Victorian Permit Areas
Lakes Oil N.L. Victorian Permit Areas For personal use only
Slide 5: PRL: Most advanced in our portfolio
PRL 2 Most Most advanced advanced in ourinportfolio our portfolio For personal use only
Slide 6: PRL Total Estimated Reserves
PRL 2 Total Estimated Reserves For personal use only Estimates of Gas-in-Place Wombat 700.0 bcf Gangell 375.4 bcf Trifon 559.5 bcf Baragawanath Anticline ?* Total Gas-in-Place 1.635 tcf + ?* * Potential is significantly larger than other fields fields.
Slide 7: Our Reservoir Rock
Our Reservoir Rock For personal use only Our tight g reservoir rock: F ld Feldspar, quartz t , lithic lithi grains i • Early Cretaceous Strzelecki Group (previously considered economic basement)) • Post Post--rift sagging sequence > 4km thick • Volcanogenic sandstones and mudstones • Terrestrial, br
Slide 8: Wombat 3D Seismic Interpretation
Wombat Wombat 3DField Seismic Interpretation For personal use only 1Km TWT Top Strzelecki Unconformity
Slide 9: SW-NE Arbitrary Line across Wombat Structure
SW-NE Arbitrary Line across Wombat Structure For personal use only
Slide 10: Wombat Field 3D AVO Analysis
Wombat Field 3D AVO Analysis y For personal use only Wombat -2 Wombat -3 Wombat--1 Wombat Latrobe Group coals Proven Strzelecki gas flows Strzelecki Group Unconformity surface Most significant increase in amplitude with offset is observed at Wombat-2 Wombat 2 and Wombat-1 Wombat 1 as well as at the
Slide 11: Wombat-1
Wombat -1 For personal use only • 1st Strzelecki gas flow • Highest Strzelecki gas flows 2 mmcfd (max) • 500m net gas column Wombat-1 Stimlog
Slide 12: Wombat-2
Wombat -2 For personal use only • Sustained gas flow rate of 680 mcfd from 1 fracture‐stimulated zone. • Better zone yet to be fracture stimulated • Better zones expected from deeper drilling Wombat-2 Stimlog
Slide 13: Wombat-2 re-frac
Wombat-2 re-frac For personal use only Existing frac Effective length, Re-frac across Re- height g existing perfs: perfs: Greatly Increased height and effective frac length across tight gas sand
Slide 14: Wombat-3 (gas)
Wombat 3 (oil)(g Wombat-3 (gas)) For personal use only • 2 zones ffracture stimulated. • Flared gas during drilling and post-frac from upper fracture stimulated zone
Slide 15: Wombat-3 (oil)
Wombat– Wombat –3 ((oil)) For personal use only • 1st oil flow from Strzelecki Group • 8 barrels recovered at surface • 39.81° API oil • Good waxy oil, not biodegrated
Slide 16: Trifon-2
Trifon-2 For personal use only T if Trifon-2 2 Sti Stimlog l 1050 metres of net gas sands Untested
Slide 17: Other PRL Wells
OTHER PRL 2 WELLS For personal use only Numerous other ‘tight’ tight gas wells are present in PRL2 and include: Boundary Creek •Boundary Creek-2 2 •Macalister-1 •North Seaspray-3 •Trifon-1 •Trifon-2 These wells contain abundant tight gas sandstones and have significant potential to add to the gas re
Slide 18: Radial Flow Path in Non-Fractured Reservoir
Radial Flow Path in Non Fractured Reservoir Non-Fractured For personal use only Wellbore Hydrocarbon Flow Paths Overhead view of reservoir
Slide 19: Linear Flow Path in a Hydraulically Fractured Reservoir
Linear Flow Path in a Hydraulically Fractured Reservoir For personal use only Hydraulic Fracture Hydrocarbon Flow Paths Overhead view of reservoir
Slide 20: Pumping and Fracing Capacity
Pumping p g and Fracing g Capacity p y For personal use only Canadian Frac Spread W b t Frac Wombat F Spread S d
Slide 21: North Seaspray-3 (CTU) Drill Rig
North Seaspray-3 (CTU) Drill Rig For personal use only
Slide 22: Vertical Wells – Stacked Reservoir
Vertical Wells – Stacked Reservoir Multiple Stimulation Stages For personal use only
Slide 23: Tight Gas Permeability (In-situ)
Tight Gas Permeability (In-situ) For personal use only Strzelecki Group
Slide 24: U.S. Tight Gas and Shale Gas Basins
U.S. Tight g Gas and Shale Gas Basins For personal use only Tight Sands Basins Shale Gas Basins
Slide 25: Lance Tight Gas Sand Fairway: Pinedale and Jonah Fields
Lance Tight g Gas Pinedale andSand Fairway Jonah Fields y For personal use only
Slide 26: Producing Equivalent: The Pinedale Anticline, Wyoming
Producing Equivalent: The Pinedale Anticline Anticline, Wyoming For personal use only
Slide 27: Eastern end of Baragwanath Anticline
Eastern end of Baragwanath g Anticline For personal use only Boundary Creek-2 SHALLOW Untested tight gas N t gas column Net l off 300 m ((700 to 1050 metres)) Additional zones below
Slide 28: Typical Pinedale Well Production Profile
al P Typical Pinedale Well Production Avi Profile PETROLEUM AVERAGE DAILY PRODUCTION YEARS OF PRODUCTION
Slide 29: Predicted Single Well Gas Rate
Predicted Single Well Gas Rate For personal use only
Slide 30: On the Verge of developing Victoria's first Tight Gas Fields
For personal use only Lakes Oil N.L. NL on the Verge of developing Victoria’s first Tight Gas Fields
Slide 31: Wombats Are Now Awake
For personal use only WOMBATS ARE NOW AWAKE