Omega Oil & Gas Limited · ASX:OMA
Omega Oil & Gas — Noosa Mining Conference 2024
18 slides from Omega Oil & Gas's conference presentation, Nov 15, 2024
Slide 1: Bringing New Energy to East Coast Australia
For personal use only BRINGING NEW ENERGY TO Noosa Mining Conference EAST COAST AUSTRALIA 15th November 2024 Trevor Brown CEO and MD THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS
Slide 2: Disclaimer
Disclaimer This document has been prepared by Omega Oil & Gas Limited ACN 644 588 787 (Omega or Company). The information in this document has been prepared for information purposes only and does not constitute a prospectus, or an offer, invitation, solicitation or recommendation with respect to the
Slide 3: Key Risks
Key Risks We recommend investors to read and consider the risks associated with Omega, its assets and the industry it is in as set out in Omega’s prospectus that was lodged with the Australian Securities and Investments Commission on 22 August 2022 (Prospectus) which is available from Omega’s websit
Slide 4: Listing Rule 5.43 Disclosure
Listing Rule 5.43 Disclosure The estimates of Reserves and Contingent Resources reported in this ASX Announcement have been independently reviewed and verified by Netherland, Sewell & Associates, Inc., qualified resource evaluators and were first reported in the ASX release titled “Maiden Gross Cont
Slide 5: Corporate Summary
Corporate Summary Capital structure ASX: OMA - Share Price – Daily Close Shares on issue 301.95 million $0.40 For personal use only $0.30 $0.20 Market capitalisation1 $78.5 million $0.10 $0.00 Cash2 $14.4 million Debt Nil 12 Month high 37.0 cents per share 12 Month low 12.5 cents per share 1 as at 1
Slide 6: Omega Investment Highlights
Omega Investment Highlights 1. Prime location, pure play company with enormous resource base to be unlocked For personal use only • Gross 2C contingent resource base of 1.73 TCF* located 50km from existing pipeline and 150km from Wallumbilla gas hub * refer to ASX listing rule 5.43 disclosure 2. Rea
Slide 7: Bowen Basin – Tight Gas Sands emerging as 3rd major phase of development?
Bowen Basin – Tight Gas Sands emerging as 3rd major phase of development? Phase 1 – Coal Mining Coal at or near surface For personal use only • Mines in the Northern Bowen and Galilee Basins Phase 2 – Coal Seam Gas Coal buried 300 to 1200m deep • Coals are source rocks and reservoirs for CSG fields
Slide 8: Multiple Play Types being tested in the Southern Taroom Trough
Multiple Play Types being tested in the Southern Taroom Trough Dunk 1 Daydream 1 & 2 Fantome 1 Tasmania 1 Canyon 1 Cabawin 1 Basin Play Types For personal use only 1 Horizontal completion in channel 5 1 Sands within the Wallabella Coal Measures Vertical completion in Tight Sands & Rewan 2 Formation
Slide 9: Numerous operators currently exploring and appraising the Taroom Trough
Numerous operators currently exploring and appraising the Taroom Trough Grandis Project • Daydream 2 (vertical well) drilled to Tight Gas Sands Project 4,300m • Appraisal drilling campaign following the For personal use only • Targeting various tight sands and coals in results of QGC / British Gas o
Slide 10: Canyon-1H Pre-Drill Objective
Canyon-1H Pre-Drill Objective For personal use only • Zone selected based on superior reservoir and completion qualities and • Objective is to drill a horizontal well in the lower Kianga minimisation of associated drilling risks. Formation (Canyon Sandstone) and complete a multistage fracture stimul
Slide 11: Horizontal wells provide greater surface area for increased flow rates
Horizontal wells provide greater surface area for increased flow rates Vertical Well Horizontal Well Possible future additional lateral wells Rewan Formation For personal use only Rewan Formation Coal Coal Kianga Formation Frac stage Gas Sand Frac stage Back Creek Group The catalyst for explosive va
Slide 12: Canyon-1H Well Diagram
Canyon-1H Well Diagram 300m build – 822m horizontal For personal use only Gas measured while drilling Gamma Ray measured while drilling 12
Slide 13: Canyon-1H Results – Key Question
13 Canyon-1H Results – Key Question 1 Question: Can we drill and case horizontal wells in the Taroom Trough? For personal use only Answer: YES! ✓ Well landed with precision within the target gas sand and successfully cased and cemented for future testing. ✓ No hole problems were encountered while dr
Slide 14: Canyon-1H Results – Key Question
14 Canyon-1H Results – Key Question 2 Question: Will gas flow at potentially commercial rates from the Canyon Sandstone? For personal use only Answer: Promising indications that the answer will be YES when we test in Q1 2025 ✓ Good indications of reservoir quality evident based on high penetration r
Slide 15: Canyon-1 Well Frac Design
Canyon-1 Well Frac Design For personal use only • DFIT to be performed in toe of well prior to main stages • 8 main stages of fracture stimulation / 4 clusters per stage • Once fracced, coiled tubing will be used to mill plugs prior to extended flow test • Flow test up to 60 days duration • Tracers
Slide 16: Appraisal to Development – Proof of Concept to Well and Cost Optimisation
Appraisal to Development – Proof of Concept to Well and Cost Optimisation For personal use only Appraisal of Canyon-1H Development ~ 2,000m horizontal sections Test suitability of base completion / frac designs • Well azimuth oriented to improve vertical fracture initiation • Optimisation of well or
Slide 17: Forward Plan – Can commercial flow rates be achieved?
Forward Plan – Can commercial flow rates be achieved? ✓ Secure major fracture stimulation services and long-lead items. • Execute DFIT in toe of Horizontal well • Execute multi-stage fracture stimulation For personal use only program and flow back • Complete extended production testing and interpret
Slide 18: For all enquiries please contact Omega Oil and Gas
z For personal use only FOR ALL ENQUIRIES PLEASE CONTACT OMEGA OIL AND GAS +61 7 3778 3861 | INFO@OMEGAOILANDGAS.COM.AU THIS RELEASE HAS BEEN AUTHORISED BY THE OMEGA OIL AND GAS LIMITED BOARD OF DIRECTORS