(A (ASX: EMP) In Investor Presentation Ma March 2020
Disclaimer This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Emperor Energy Limited ABN 56 006 024 764 (ASX: EMP). The material provided to you does not constitute an invitation, solicitation, recommendation or an offer to purchase or subscribe for securities. Copies of Company announcements including this presentation may be downloaded from www.emperorenergy.com.au or general enquires may be made by telephone to the Company on (+612) 9275 8878. Emperor Energy Limited, formerly Oil Basins Limited (ABN 56 006 024 764) and its subsidiaries are not the legal entity / corporation of the same name registered in Bermuda ("the Bermuda Corporation") and does not dispense the BHP Billiton Petroleum-ExxonMobil Weeks Royalty pertaining to oil & gas production from Bass Strait. None of the Company or its Directors or officers are associated with the Bermuda Corporation and the Company has no interest in any such royalty. The information in this document will be subject to completion, verification and amendment, and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluating Emperor Energy Limited. Assumed in-the ground values of unrisked prospective potential resources assets as stated in text (ignoring finding and development costs). No assumption of either commercial success or development is either implied with their adoption by either the Company and its directors and representatives in the application of these indicative values to its assets. Information on the Reserves and Resources on the Company’s operated assets in this release are based on an independent evaluations conducted by 3D-Geo Pty Ltd (3D-Geo). 3D-Geo is a independent geoscience consultancy specialising in petroleum. The technical work was undertaken by a team of geoscientists and petrophysicists and is based on open-file seismic and well data and data supplied by EMP. The technical assessment was performed primarily by, or under the supervision of Keven Asquith, Director 3D-Geo. The technical information quoted has been complied and / or assessed by Mr. Geoff Geary who is a professional geologist (Bachelor Science – Geology) with over 35 years standing and who is a Member of Petroleum Exploration Society of Australia. Mr. Geary has consented to the inclusion in this announcement of the matters based on the information in the form and context in which they originally appear – investors should at all times refer to appropriate ASX Releases. Investment in Emperor Energy Limited is regarded as speculative and this presentation includes certain forward looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and circumstances to differ materially from the expectations described in such forward looking statements. These factors include, among other things, commercial and other risks associated with estimation of potential hydrocarbon resources, the meeting of objectives and other investment considerations, as well as other matters not yet known to the Company or not currently considered material by the Company. Emperor Energy Limited and its directors and representatives accepts no responsibility to update any person regarding any error or omission or change in the information in this presentation or any other information made available to a person or any obligation to furnish the person with further information and Emperor Energy Limited and its directors and representatives do not endorse or take any responsibility for investments made. 2
Highlights § Operator & 100% owner of Judith Gas Field (EP Vic/P47), Gippsland Basin - 200km east of Melbourne § Independent Resource Statement completed by 3D-Geo in July 2019: § 2C 2C Cont nting ngent nt Resourc rce (Gas Sales) - 15 150 Bc Bcf § P50 P50 Un Unrisked Pr Prospective Re Resource (Gas as Sal Sales) - 1.226 1.226 Tc Tcf § MOU with APA Group to progress development of gas delivery pipelines and processing plant § Ocean Reach Advisory appointed to source Project Partner – negotiations well progressed § Resource technical presentations completed / Data Room is open § Gippsland Basin is Australia’s premier hydrocarbon province strategically positioned to supply high demand east-coast energy markets 3
Corporate Snapshot Ph Phil McNamara § 37 years in the resource industry Co Corporate De Details: § Former CEO and Managing Director, Director Amour Energy ASX: AJQ AS ASX co code EMP § Former Managing Director Waratah Coal Shares on Sha on issue 81.5M § Qualified Mining Engineer Options on issue (ASX: EMPOC Op OC) 44M Malco colm m King Over 30 years experience in upstream § oil & gas Director Former head of Commercial and Cash (as at 31 January 2020) Ca A$240,411.00 § Business Develop for Senex Energy ASX: SXY Ma Market cap (@ (@$0.026 per share) A$2M Well site geologist for Shell during the § drilling of the Judith-1 Gas Discovery 52 52 week high – lo low $0.052 – 0.002 Carl Du Ca Dumbrell Chartered Accountant, Australia, § Board and management hol Bo holding ng (%) 10 England & Wales Director EMP Company Secretary § To Top 20 holdi ding (%) 60 Nigel Har Ni arve vey Appointed April 2019, was previously a § director of EMP Director Six Mont Si onth h Sha Share Price Cha hart § Chairman of mid size not for profit organisation § AFSL licence holder $0.056 § Former investment banker with JP Morgan and Macquarie $0.046 Geoff Ge Ge Geary § Over 35 years experience as a geologist in the Petroleum industry Geological Consultant Member of the Petroleum Exploration $0.036 § Society of Australia. Extensive experience in the Bass Strait § $0.026 with Shell $0.016 Price (AUD) 4
Gippsland Basin - Premier Hydrocarbon Province § Operators include Es Esso/BHP, Se Seven Gr Group, 3D- Oi Oil an and Co Cooper Ene Energy gy § Esso/BHP spent over $5.5 bi billion developing Kipper – Tuna – Turrum gas project adjacent to VIC P47 § Recent development of Sole Gas Field by Cooper Energy § Over 400 exploration wells with approx. 90,000 line km of 2D seismic § Mature petroleum infrastructure with a network of pipelines to onshore petroleum processing facilities at Longford and Orbost § Gas delivered across southeastern Australia to Sydney, Adelaide, Tasmania and Queensland 5
Gippsland Basin Current and Potential Future Developments - Field Size Pr Produ duction Li Licenc nce Re Reserve / Re Resource Es Estimated Initial Source Sou Field Fi Op Operator / Permit / Category Ca Re Resource (Bc Bcf) Re Reference Ju Judith Vi VicP47 Em Emperor 2C Contingent 2C 15 150 1 Judith Ju Vi VicP47 Em Emperor P5 P50 Pr Prospective 12 1226 1 Sol Sole Vic/L32 Cooper 2C Contingent 236 5 Ma Manta Vic/RL13 Cooper 2C Contingent 101 5 Manta Ma Vic/RL13 Cooper P50 Prospective 499 5 Ki Kipper Vic/L09 & Vic/L25 Esso 6 Uncategorized 588 4 Tu Turrum Esso Uncategorized 1000 4 Sou South h East Remor ora Vic/RL4 Esso Uncategorized 265 2,6 Long Longtom om We Wells 3 & 4 Vic/L29 SGH Energy Uncategorized 20 2,3,7 Longtom Long om Vic/L29 SGH Energy Uncategorized 60 2,3,7 Pr Proposed d Well 5 6
Judith Gas Field Project – EP Vic/P47 § 202 km ² permit renewed for 5 years in 2018 § 2 km north of the producing Kipper Gas Field developed by Esso / BHP Petroleum § Two-gas discovery wells drilled within the permit: § Ju Judith-1 1 drilled by y Shell in 19 1989 § Mo Moby-1 1 drilled by y Bass Strait Oil in 2004 004 § Shallow water depths: 20 – 85m § Extensive 3D seismic reprocessing, mapping, petrophysics and interpretation completed § Gas Production Dynamic Modelling completed November 2018 by 3D-Geo: § Each well estimated to deliver 20 to 30 Million Standard Cubic Feet Per Day (MMcf/d) § 4 Well program simulated to deliver 80mmscf/day across 32-year period 7
APA Group (ASX: APA) MOU § Scope and commercial framework for the provision of midstream infrastructure and services § Scope of work agreed for pre-Front End Engineering Design (FEED) § Pre-FEED study expected to commence Q2 2020 § FEED scope of works to be included in an early works agreement that will progress a preliminary design and cost study for the establishment of: 1. 1. Su Subsea pi pipe peline fr from Em Emperor’s Ju Judith Ga Gas Fi Field; 2. 2. New ga Ne gas pr processing tr train to to op operate in in pa parallel wi with AP APA’ A’s ex existing Or Orbost Ga Gas Pro Proces essing Plant; Pl 3. 3. An An ex export rt pi pipe peline to to th the Ea Eastern Ga Gas Pi Pipel eline lo located to to th the no north of of th the Or Orbost Ga Gas Pro Proces essing Pl Plant. 8
Proximity of Other Gas Fields Gas Field Moby Patricia / Oil Field Baleen Greater Judith Northern Terrace Vic/P47 Longtom Strzeleck i SE Longtom Greater Judith Rosedale Fault Judith-1 Top Emperor Gas Sands Regional Kipper Tuna Depth Map 9 Contour Interval: 25 m Top Judith Gas Sand 1 Depth Map Contour Interval: 25 m Regional Map of Top Emperor Gas Sands showing Oil and Gas Fields adjacent to VIC/P47 Re 9
Recommend
More recommend
