Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Investor Presentation (November 2015)
22 slides from Synergia Energy's investor presentation, November 2015
Slide 1: Corporate Presentation
CORPORATE PRESENTATION www.oilex.com.au NOVEMBER 2015
Slide 2: Important Information – Disclaimer
IMPORTANT INFORMATION DISCLAIMER Nature of this Presentation: This document (Presentation) has been prepared by Oilex Ltd (the Company) and contains summary information about the Company and its subsidiaries as at the date of release/delivery. The information in this Presentation does not summarise
Slide 3: Important Information – Disclaimer
IMPORTANT INFORMATION DISCLAIMER Risk of Investment: This Presentation contains prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, or other factors (many of which are outside the Company’s control
Slide 4: Important Information – Disclaimer
IMPORTANT INFORMATION DISCLAIMER Not financial product advice: The information contained in this Presentation is not intended to be relied upon as financial product advice or investment advice nor is it a recommendation to acquire Oilex securities and has been prepared without taking into account th
Slide 5: Important Information – Disclaimer
IMPORTANT INFORMATION DISCLAIMER Competent person’s statements: Other than as set out below, the information in this Presentation relating to the estimates of reserves, contingent resources and prospective resources is based on, and fairly represents, information and supporting documentation prepare
Slide 6: Global Energy Themes
GLOBAL ENERGY THEMES Oil price crash – demand still rising, yet inventories continue to build Supply and demand imbalance arising from North American tight oil success (now declining) and increased supply from OPEC Consumption ~34 billion barrels annually or ~92 million barrels daily New additions ~
Slide 7: India Energy
INDIA ENERGY Supply and demand fundamentals still very strong, power plants running at less than capacity, fuel constrained India’s energy production grew by 4% in 2014, its highest growth rate in five years LNG imports increased by 6.7% in 2014, import capacity constrained by terminals India produc
Slide 8: Indian Business Ventures
INDIAN BUSINESS VENTURES GOING FORWARD Page 8
Slide 9: Oilex Indian Oil and Gas Business
OILEX INDIAN OIL AND GAS BUSINESS Two active Joint Ventures Cambay and Bhandut Production Sharing Contracts GSPC is non-operating partner with 55% & 60% equity interest respectively Joint Venture receivables Funding status varies from year to year Fluctuates with activity levels As at 31 Oct 2015 ou
Slide 10: Joint Venture Partner Update
JOINT VENTURE PARTNER UPDATE JV relationship since 2006 Approved FY 2015/16 Cambay work programme and budget in February 2015 Authority for Expenditure (AFE) approved in August 2015 for Cambay-78H and Cambay-80 drilling costs Discussions regarding changes to approved work programme and budget contin
Slide 11: Cambay Reserves & Contingent Resources
CAMBAY RESERVES & CONTINGENT RESOURCES • Reserves and Resources estimate prepared by RISC as at 1 April 2015 • Refer to ASX announcement dated 16 April 2015 Estimated Cambay Field Reserves 1P* 2P 3P Gas C5+ Gas C5+ Gas C5+ Y Zone Bcf MMbbls Bcf MMbbls Bcf MMbbls Total – Gross Nil Nil 206 8.0 377 17.
Slide 12: Cambay 2015/16 Approved Programme
CAMBAY 2015/16 APPROVED PROGRAMME* 5 Firm workovers Cambay-19z complete, producing 10 bopd plus associated gas Cambay-20 complete, HLP installed, pumping out brine Cambay-77H in progress, production tree installed Cambay-77H Cambay-70 Cambay-60 preparation has started Cambay-20 Cambay-15 or Cambay-7
Slide 13: Cambay 2016 & Beyond
CAMBAY 2016 & BEYOND 2P Reserves support ~50MMscfd production plateau rate Estimated well count 34, based on RISC report Engineering studies to optimise production plan Submit full field development plan for approval in 2017 Preparation for multi well drilling campaign(s) Enhance logistical supply c
Slide 14: Bhandut Field - Harvesting Conventional Gas
BHANDUT FIELD - HARVESTING CONVENTIONAL GAS Bhandut Field 40% interest & operator Flowed tested 6.5MMscfd of dry gas from Bhandut-3 in 2013 2015 Bhandut activities Gas sales agreement approved Facilities design and installation in progress – 65% complete • Independent Reserves Report • in progre
Slide 15: Australia – Canning Basin
AUSTRALIA CANNING BASIN Page 15
Slide 16: Western Australia - A Global Resource Centre
WESTERN AUSTRALIA - A GLOBAL RESOURCE CENTRE Page 16
Slide 17: Wallal Graben – Next to Global Resource Centre
WALLAL GRABEN – NEXT TO GLOBAL RESOURCE CENTRE Conducive to efficient exploration ~15km wide ~200km long within Oilex areas Actively pursuing farmout Prospectivity Conventional and unconventional Leads and prospects portfolio compiled Markets and infrastructure Near ports Proximal to large gas consu
Slide 18: Corporate
CORPORATE Page 18
Slide 19: Strategic Plan
STRATEGIC PLAN Clear concise action plan to address the following issues Response to the Zeta litigation Review assets and approved work programmes Action will be strongly defended - matter is with lawyers Prioritise activities Matter is before the Courts and unable to comment on merits Critical rev
Slide 20: Moving Ahead – Remain Focused
MOVING AHEAD – REMAIN FOCUSED Cambay Project value proposition remains sound Work within the current global oil price paradigm Project located within robust energy market Critically assess low cost production enhancements Efficiency drive to reduce unit production costs Preserve cash Improve ratio o
Slide 21: Company Profile - ASX/AIM (OEX)
COMPANY PROFILE - ASX/AIM (OEX) Oilex is listed on ASX and AIM ASX AIM Top Shareholders Share price (as at 23/11/15) 1.8c 0.82p Zeta Resources Limited 10.28% Market capitalisation $21m £10m Magna Energy Limited 10.15% Average daily volume, prior 3 months (millions) 0.87 4.2 Standard Life Investments
Slide 22: Questions
Questions www.oilex.com.au twitter: @oilexltd CORPORATE PRESENTATION