88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (November 2015)
13 slides from 88 Energy's investor presentation, Nov 5, 2015
Slide 1: Icewine #1 Exploration Well Presentation
For personal use only ICEWINE #1 EXPLORATION WELL PRESENTATION
Slide 2: Project Icewine, Onshore Alaska: Icewine #1 Spud Targeting Huge Shale Prize
Project Icewine, Onshore Alaska Icewine #1 Spud Targeting Huge Shale Prize Repsol/Armstrong 1H 2015 results For personal use only East Alpine Oil pool delineated: • 15,000 acres, ~ 80 km2 • Alpine Fm • 2 wells (2015) + 2 prior wells encountered oil productive sands in excess of 95’ thick • Depth 650
Slide 3: Project Icewine Highlights
Project Icewine Highlights For personal use only PREMIER ACREAGE POSITION IN STRATEGIC LOCATION Strategic, Tier-1 location • Prolific oil region: 35 miles south of largest conventional oilfield in North America (Prudhoe Bay 15B barrels) • Operational year-round access: acreage position on Dalton Hig
Slide 4: Icewine #1 Value Unlock Equation
Icewine #1 Value Unlock Equation Goal and Opportunity For personal use only • The Icewine#1 exploration well is designed to better quantify risk so that a farm-out can be achieved in 2016 => potential to unlock several hundred million to over a billion dollars in value for investors • Highly leverag
Slide 5: Icewine #1 Value Unlock Equation (cont)
Icewine #1 Value Unlock Equation (cont) For personal use only Analysis EMV DECISION MATRIX • Prior to Icewine#1 drilling, certain risks are hard NPV/bbl Potential POCS* EMV to quantify => high uncertainty NOW ($/bbl) Value ($m) (%) ($m) Proceed? • Large Cos typically will not invest at this X 1000X
Slide 6: Icewine #1 Operations
Icewine #1 Operations For personal use only Icewine #1 Objectives: ICEWINE #1 - PROGNOSIS • De-risk HRZ shale oil play by cutting core Operator: Accumulate Energy (Elevation 356 feet above mean sea level) • First insight into conventional reservoir play Age Formation Lithology Casing TOPS MD TVD (fe
Slide 7: HRZ Liquids Rich Play: Post Drill Formation Evaluation
HRZ Liquids Rich Play Post Drill Formation Evaluation • Whole core evaluation pivotal to For personal use only ICEWINE #1: POST DRILL HRZ EVALUATION understanding HRZ shale oil play 2015 2016 • Methodology requires a multi- Q4 1Q 2Q disciplinary approach to integrate and calibrate data including: Ic
Slide 8: HRZ Liquids Rich Play: Post Drill Evaluation Program (1 of 2)
HRZ Liquids Rich Play Post Drill Evaluation Program (1 of 2) For personal use only DATA/ ANALYSIS DELIVERABLE TIMING Wellsite Chromatograph & Mass Spectrometer • First pass evaluation of thermal maturity Post drill Access to cuttings/ core chips • Competency, hardness, first pass petrophysics announ
Slide 9: HRZ Liquids Rich Play: Post Drill Evaluation Program (2 of 2)
HRZ Liquids Rich Play Post Drill Evaluation Program (2 of 2) For personal use only DATA/ ANALYSIS DELIVERABLE TIMING Stage 2 (Contingent) Slabbed core & plug photography * • Reservoir quality assessment & characterisation 2016 Integrated results: GEOMECHANICS: • March (Mid – Late) • Uniaxial unconfi
Slide 10: All Systems Go!
For personal use only ALL SYSTEMS GO!
Slide 11: Contacts
Contacts For personal use only Managing Director: Brokers: David Wall Australia dwall@88energy.com Hartleys Ltd As Corporate Advisor: Mr Dale Bryan + 61 8 9268 2829 Registered Office: Level 1, 83 Havelock St, West Perth United Kingdom WA 6005 Cenkos Securities Plc As Nominated Adviser and Broker: Mr
Slide 12: Disclaimer
Disclaimer For personal use only The information contained in these slides has been prepared by 88 Energy Limited (the “Company”). The information contained in these slides, the presentation made to you verbally and any other information provided to you (in writing or otherwise) in connection with t
Slide 13: Disclaimer (cont.)
Disclaimer (cont.) For personal use only Any failure to comply with this restriction may constitute a violation of securities laws. No action has been or will be taken by the Company that would permit a public offer of its securities in any jurisdiction in which action for that purpose is required.