Mec Resources Ltd · ASX:MMR
Mec Resources — Advent Energy — Offshore Australasia Conference 2010
23 slides from Mec Resources's conference presentation, Apr 14, 2010
Slide 1: Advent Energy Presentation - ASX cover letter
14 April 2010 Companies Announcements Office Australian Securities Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000 Dear Sir/Madam Advent Energy Presentation Offshore Australasia Conference, 14 April 2010 MEC Resources Ltd (ASX: MMR) advises that its investee entity Advent Energy Ltd is p
Slide 2: A Potential New Australian LNG Project - Investment Highlights
2010 Australasia Offshore Conference “A Potential New Australian LNG Project” Perth, 13 13--15 April 2010 Investment Highlights •Cornerstone project – offshore Sydney Basin / Petroleum Exploration Permit (PEP) 11 •Permit potential of 16.3 Tcf recoverable plus liquids •8,250 km2 undrilled highly pros
Slide 3: Offshore Sydney Basin: PEP11 Opportunity
Offshore Sydney Basin : PEP11 Opportunity • NSW/PEP 11 covers 8250 sq km, 20 km from Australia’s largest energy market, excellent infrastructure • Permit Prospective Recoverable Resources estimated at up to 16.3 Tcf; mean = 7.5 Tcf • Excellent analogies with world class producing fields • Active the
Slide 4: Proximity to the Port of Newcastle
Proximity to the Port of Newcastle PEP11 Port of Newcastle Australian LNG Operator Project Size Production / Sales $Export Life Value per year (ABARE 2008 data) W d id Pluto Woodside Pl t 4.1 4 1 Tcf Tf 3 25 3 75 Mtpa 3.25-3.75 Mt $2 03 billion $2.03 billi 15 years (+ 0.5 Tcf Xena) LNG (+5 yr option
Slide 5: Proven Petroleum Basin with Potential Huge Gas Reserve
Offshore Sydney Basin – Proven Petroleum Basin with Potential Huge Gas Reserve Lord Howe Rise: •4.5 billion boe •98.5% methane PEP11 Offshore Sydney Basin “…sea floor spreading commenced at 65-70 million years before present resulting in the separation of the Lord Howe Rise from the east coast of Ne
Slide 6: B4-15 Full Stack seismic data
Offshore Sydney Basin – A Proven Petroleum Basin With Potential Huge Gas Reserve – Prospective Recoverable Resources of 16.3 Tcf (P10) estimated for the Permit. Total Depth B4‐15 Full Stack seismic data CSIRO: “AVO analysis shows indication of class III AVO classification. Class III AVO anomaly gene
Slide 7: Direct Hydrocarbon Indicators
Offshore Sydney Basin – Direct Hydrocarbon Indicators DHI have been initially observed on seismic line B4-15 along the main structural trend and are adjacent to the previously identified Baleen Prospect. The features are typically prime indicators for the occurrence of hydrocarbons Confirms the exis
Slide 8: Direct Hydrocarbon Indicators
Offshore Sydney Basin – Direct Hydrocarbon Indicators Figure 70: Reflection Strength plot of the high amplitude reflector “Gas reservoirs, in particular, appear as high amplitude “bright spot” reflections.” Offshore Sydney Basin – Direct Hydrocarbon Indicators Figure 72: Instantaneous frequency plot
Slide 9: Direct Hydrocarbon Indicators - Interval velocity profile
Offshore Sydney Basin – Direct Hydrocarbon Indicators Figure 74: RMS of seismic amplitude over the area of Line B4-15, where high amplitude reflector is mapped. “The Root Mean Square (RMS) amplitude … may be used to map direct hydrocarbon indicators in a zone.” “The RMS of seismic amplitude for the
Slide 10: Hydrocarbon Reservoirs and Gas Chimney Models
Hydrocarbon Reservoirs and Gas Chimney Models Source: dGB Earth Sciences PEP11: Distribution of Gas Chimneys B4-15 B4-16 B4-17 B4-18 B4-19 B4-20 B4-15 B4-16 B4-17 B4-18 J. Whelan: “seismic signals are smeared to considerable depth as a result of vigorous gas seepage” B4-19 B4-20 9
Slide 11: B4-16 Preliminary Final PSTM (Zoom)
B4-16 Preliminary Final PSTM (Zoom) Data reprocessing from phase 2, 2009 indicates a flat spot on the time processing within structure on line B4-16 which may warrant further investigation. Area of interest is cmp 900 to 1060 (2 kms) at a time of 1500ms and 1700ms. Note polarity of flat spots is opp
Slide 12: Comparable HRDZ with Australian O&G Fields
Offshore Sydney Basin – Comparable HRDZ with Australian O&G Fields. Cornea, Browse Skua and Swift, Bonaparte Lord Howe Rise: •4.5 billion boe •98.5% methane HRDZ PEP11 Offshore Sydney Basin “…sea floor spreading commenced at 65-70 million years before present resulting in the separation of the Lord
Slide 13: HRDZ comparison with Vulcan Sub-Basin
HRDZ comparison between PEP11 Line B4‐11 and Vulcan Sub‐Basin “… ‘forced regressive shorelines’ and this concept is of considerable importance to the hydrocarbon industry because of the significant potential for good reservoir development.” (Boyd et al, RV Franklin Cruise FR15/98) “Soft”High Amplitu
Slide 14: Amplitude Anomaly Along Continental Margin
Offshore Sydney Basin : Amplitude Anomaly Along Continental Margin 2 B4-05 1 B4-13 B4-11 Analysis of Inshore Gas Seepage from Offshore Sydney Basin Repeated Hydrocarbon seep samples show a thermogenic source - Liquids component indicated - Hydrocarbon Seep Gas Analysis: •Methane 90.69% •Oxygen 1 58%
Slide 15: Geophysical Gas Indications
Offshore Sydney Basin: Swath Survey 2006 D. Schumacher: “Hydrocarbons seep in large concentrations in basins actively generating hydrocarbons or that contain excellent migration pathways” Pockmark over 282,000m3 Image courtesy Ron Boyd, University of Newcastle Geophysical Gas Indications TOPAS Sub b
Slide 16: Slope Failure, Gas Seepage, Major Hydrocarbon Province
Slope Failure, Gas Seepage, Major Hydrocarbon Province Norway: 2nd largest gas 5th largest oil (global exports) Source: EIA and IEA Slope Failure Production Norway: Ormen Sydney Basin Continental Margin Lange 14 Tcf Source: European Commission Slumps: over 28 cu. km Sydney Basin Petroleum Systems Su
Slide 17: Sydney Basin Petroleum Systems Summary
Sydney Basin Petroleum Systems Summary From Stephenson & Burch, 2004, Preliminary Evaluation of the Petroleum Potential of Australia’s Central Eastern Margin (GA12988 ) Offshore Sydney Basin : Reservoir • NSW Dept of Mineral Resources: • “Reservoir potential should increase to the east, in the offsh
Slide 18: Comparison with Bowen/Surat Basin
Offshore Sydney Basin : Comparison with Bowen/Surat Basin [Origin Energy] 6. Stratigraphic / structural+stratigraphic (e.g. identified by AVO) Offshore Sydney Basin : Comparison with Bowen‐Surat Superbasin B4-05-FUG09 17
Slide 19: Petroleum Association and Reservoir Model
Offshore Sydney Basin : Surface E Side View From East to West North Fish South Fish Baleen Blue Sei Humpback Orca Large well timed structures with both four way dip and fault closures Offshore Sydney Basin : Petroleum Association and Reservoir Model Redox Anomaly Gas Bubbles/Thermogenic Hydrocarbon
Slide 20: Offshore Sydney Basin - Key Hydrocarbon Indications and Features
Offshore Sydney Basin – Key Hydrocarbon Indications and Features Fluid Migration Norway – Gullfaks South Field Chimneys and pock marks indicating g focus areas of fluid flow above the top reservoir • Apparent gas reservoired at intermediate (1.0 – 2.2 sec twt) depths • Trap charge migration is not i
Slide 21: New South Wales: State of the Market
New South Wales : State of the Market (AGL, NSW Min. Exp. & Inv. Conf.) NSW Government objective is for future baseload power generation to be gas fuelled – The Australian 19/11/2009 New South Wales : State of the Market (AGL, NSW Min. Exp. & Inv. Conf.) 20
Slide 22: LNG Market and Advent Energy Ltd
LNG Market “LNG supplies only 2% of world energy” – BRW June 2009 Advent Energy Ltd Background Key Personnel •Formed in 2004 as an unlisted oil and gas exploration and production company Mr Goh Hock – Chairman: A former President of Schlumberger Asia and then a based in Perth, Western Australia Glob
Slide 23: Contributions Gratefully Acknowledged and References
Contributions Gratefully Acknowledged and References Data, advice, review and technical contributions gratefully Publications acknowledged •Jim Dirstein - -Total Depth - Principal Geophysical Consultant PTEM •AAPG Memoirs ”Hydrocarbon migration and its Near surface Migration” survey •Judd A and Hovl