Beetaloo Energy Australia Limited · ASX:BTL
Beetaloo Energy Australia — Shareholder Meeting (August 2021)
20 slides from Beetaloo Energy Australia's shareholder meeting presentation, Aug 3, 2021
Slide 1: A Transformational Step – the Pangaea / EMG acquisition
ASX:EEG A Transformational Step – the Pangaea / EMG acquisition Managing Director‘s General Meeting Presentation August 2021
Slide 2: Corporate Snapshot
Corporate Snapshot Capital Structure ASX Share Price Current Pro-forma Shares on issue1 447.9m 597.0m Share price $0.29 $0.29 Market cap $129.9m $173.1m Net (debt2) / cash ~$30.7m3 ~$20.0m3 Enterprise value ~$99.2m ~$153.1m Cash at bank ~$39.1m ~$28.4m Pro-forma Top Shareholders Pangaea Resources (N
Slide 3: A major lift in Resources with infrastructure connection
A major lift in Resources with infrastructure connection 2015 Avago Seismic Survey 2013 Hidden Valley Seismic Survey 2014 Tarlee-S3 Velkerri Shale gas bleeds 2015 Birdum Creek-1 – Saxon Rig 2015 Birdum Creek-1 - Core capture 2015 Tarlee-1 - Oil on core under UV light – Kyalla Shale Oil2015 bleeds Wy
Slide 4: $110m invested - pipeline, road and rail infrastructure
$110m invested - pipeline, road and rail infrastructure • NSAI certified best estimate Prospective Resources 27.6 Tcf gas and 764 MMbbls liquids • NSAI certified 2C Contingent Resources of 157.5 Bcf gas and 3.5 MMbbls liquids • ~14 million acres net to Empire in the onshore Northern Territory, inclu
Slide 5: Acquisition acreage is thoroughly appraised and drill-ready
Acquisition acreage is thoroughly appraised and drill-ready 2012 Exploration targets identified • 29,000km airborne survey 2013 • 1,400km 2D seismic acquired • Regional petrophysical and geochemical study 2014 Drill exploration targets confirms Beetaloo shale units • Two stratigraphic and one explor
Slide 6: Largest Coring Program and best data set in the Beetaloo
Largest Coring Program and best data set in the Beetaloo Pangaea-EMG achieved the largest core 30 km 34 km 48 km 18 km capture program in the Beetaloo Sub- basin. This included: Kyalla Shale ‒ ~1.8 km of large diameter core; ‒ Side wall cores (SWC); and Core ‒ Specialised large diameter downhole pre
Slide 7: A Resource Concentration equal to the US Marcellus
A Resource Concentration equal to the US Marcellus NATURAL • Measured by area the stacked B and C Shales have a Resource Concentration equal to the most productive shale play in the US, the Marcellus Shale • Birdum Creek-1 encountered the thickest C Shale sequence of organic-rich shales, in excess o
Slide 8: How the Middle Velkerri matches the Marcellus Shale
How the Middle Velkerri matches the Marcellus Shale The middle Velkerri Shales show high lithological consistency and thickness Thickness • Spatial drilling has proven target thickness intervals ranges from ~50 – 100+m for the B Shale alone The middle Velkerri Total Organic Carbon (TOC) content is c
Slide 9: Continuous productive shales, these five wells span 309km
Continuous productive shales, these five wells span 309km West East 48 km 112 km 87 km 62 km NATURAL NATURAL NATURAL NATURAL NATURAL Datum on C Shale MiddleVelkerri C Shale Formation 100 m B Shale The organic-rich shales of the Intra A-B Shale middle Velkerri Formation show remarkable lithological c
Slide 10: New areas enhance the array of potential liquids product
New areas enhance the array of potential liquids product West NATURAL 48 km NATURAL 112 km NATURAL 141 km NATURAL East C Shale Liquids Rich Gas Lower Kyalla Shale B Shale Intra A-B Shale 200 m A Shale Dry Gas Pangaea-EMG permits provide Empire with optionality to target Velkerri and Kyalla shales at
Slide 11: EPs 167 & 168 - Large resources areas poised for appraisal
EPs 167 & 168 - Large resources areas poised for appraisal • Initial production testing by Pangaea-EMG flowed gas to surface and confirmed hydrocarbon composition • Thick TOC-rich shales covering more than 1.6 million acres (>6000 km2) have been confirmed with 2D seismic and spatial drilling • Panga
Slide 12: EP169: An exploration frontier across multiple sub-basins
EP169: An exploration frontier across multiple sub-basins • EP169 sits directly to the south of Origin and Santos’ Beetaloo Sub- basin permits and is crossed by the Amadeus Gas Pipeline, Darwin to Adelaide rail corridor and Stuart Highway • Potential field geophysics, recent government 2D seismic da
Slide 13: Principal infrastructure promotes early production strategy
Principal infrastructure promotes early production strategy Australia’s Deepest Water Wharf Berthing Facilities Planned government funded road Oil Storage upgrades* Tanks and Export Facilities Amadeus gas pipeline – connecting to Darwin & NGP to East Existing Pipeline Easement (30m) – Allows for Exp
Slide 14: A 191% lift in gas, 2,830% lift in liquids Prospective Resources
A 191% lift in gas, 2,830% lift in liquids Prospective Resources Pre Acquisition Net to 100% Interest Acquired Post Completion Unrisked Prospective Resources Unrisked Prospective Resources Unrisked Prospective Resources Unrisked Prospective Resources Unrisked Prospective Resources Unrisked Prospecti
Slide 15: A 384% increase in 2C gas + 2C liquids Contingent Resources
A 384% increase in 2C gas + 2C liquids Contingent Resources Pre Acquisition Net to 100% Interest Acquired Post Completion Contingent Resources Contingent Contingent Contingent Contingent Contingent (Liquids) Resources (Gas) Resources (Liquids) Resources (Gas) Resources (Liquids) Resources (Gas) Low
Slide 16: Markets for Beetaloo gas
Markets for Beetaloo gas Northern Markets: using existing infrastructure - Local and North Queensland mining operations and power markets Access to Amadeus Gas Pipeline and McArthur River Mine Gas Pipeline Total Annual Gas Demand East Coast: Domestic power and industrial Source: markets and Gladston
Slide 17: A year of escalating activity in the Beetaloo Sub-basin
A year of escalating activity in the Beetaloo Sub-basin Operator Q3 2021 Q4 2021 EP187 Infill 2D seismic acquisition EP187 2D seismic and up to 7 horizontal appraisal wells (2021 - 2025) approvals Horizontal appraisal drilling, hydraulic stimulation and flow (ongoing) test Carpentaria-1 Flow Test, G
Slide 18: ASX:EEG
ASX:EEG Alex Underwood Managing Director info@empiregp.net +612 9251 1846 17
Slide 19: Key Sale & Purchase Agreement Terms
Key Sale & Purchase Agreement Terms • Empire and its wholly owned subsidiary Imperial Oil & Gas A Pty Limited have signed a binding Sale and Purchase Transaction Agreement(“SPA”) with Pangaea (NT) Pty Ltd as trustee of the Pangaea (NT) Unit Trust and EMG Northern Territory Holdings Pty Overview Limi
Slide 20: Disclaimer
Disclaimer This presentation has been prepared by Empire Energy Group Limited (“Empire” or the “Company”). The information in this presentation is information of a general nature and is subject to change without notice. The information in this presentation does not purport to be complete, nor does i
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