Mec Resources Ltd · ASX:MMR
Mec Resources — Advent Energy — APPEX Conference, London, March 2010
22 slides from Mec Resources's conference presentation, Mar 2, 2010
Slide 1: Advent Energy Presentation - ASX cover letter
2 March 2010 Companies Announcements Office Australian Securities Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000 Dear Sir/Madam Advent Energy Presentation APPEX Conference, London, March 2010 MEC Resources Ltd (ASX: MMR) advises that its investee entity Advent Energy Ltd is presenting t
Slide 2: PEP 11 – Offshore Sydney Basin
APPEX PEP 11 – Offshore Sydney Basin March 2010 Offshore Sydney Basin : PEP11 Opportunity • NSW/PEP 11 covers 8100+ 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 analogi
Slide 3: Offshore Sydney Basin – 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 4: 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 5: 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 6: 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 7: Direct Hydrocarbon Indicators
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 8: 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 7
Slide 9: Seismic reprocessing: B4-16 and B4-31a PSTM
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 10: Comparable HRDZ with Australian O&G Fields
B4-30a Preliminary Final PSTM (Zoom) www.fugro.com 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 befo
Slide 11: HRDZ comparison with Bonaparte Basin and Vulcan Sub-Basin
HRDZ comparison between PEP11 Line B4‐05 and Bonaparte Basin “Soft”High Amplitude Anomaly HRDZ HRDZs over the Skua and Swift fields, Bonaparte Basin [Source O’Brien, Geoscience Australia] HRDZs on PEP11 seismic line B4‐05 HRDZ comparison between PEP11 Line B4‐11 and Vulcan Sub‐Basin “… ‘forced regre
Slide 12: Brazilian Analogue for New Prospective Hydrocarbon Plays
Offshore Sydney Basin : Brazilian Analogue for New Prospective Hydrocarbon Plays Offshore Sydney Basin : Amplitude Anomaly Along Continental Margin 2 B4-05 1 B4-13 B4-11 11
Slide 13: Analysis of Inshore Gas Seepage
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% 1.58% •Carbon Dioxide 4.12% •Nitrogen 3.7% “It is generally assumed that maturation and
Slide 14: Geophysical Gas Indications
Geophysical Gas Indications TOPAS Sub bottom profiles from SS10 / 2006 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: Europ
Slide 15: Sydney Basin Petroleum Systems Summary
Sydney Basin Petroleum Systems Summary From Blevin et al., 2007, Sydney Basin Reservoir Prediction Study and GIS, Project MR705, Confidential Report to NSW DPI and Macquarie Energy by FrOG Tech Pty Ltd Sydney Basin Petroleum Systems Summary From Stephenson & Burch, 2004, Preliminary Evaluation of th
Slide 16: 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 15
Slide 17: Comparison with Bowen-Surat Superbasin
Offshore Sydney Basin : Comparison with Bowen‐Surat Superbasin Seabell #1 Offshore Syncline Offshore Uplift Newcastle Basin New England Foldbelt Southwest Northeast Major Coal Zone Reservoir B4-03 PSTM (Reprocessed) Source+ Seal Offshore Sydney Basin : Surface E Side View From East to West North Fis
Slide 18: Offshore Sydney Basin: Key Hydrocarbon Indications and Features
Offshore Sydney Basin : Petroleum Association and Reservoir Model Redox Anomaly Gas Bubbles/Thermogenic Hydrocarbon Seepage Mound Amplitude Anomaly Gas Chimney Flat Spot? Pockmark B4-18 HRDZ AVO Offshore Sydney Basin – Key Hydrocarbon Indications and Features 17
Slide 19: Fluid Migration
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 imaged Seismic Line B4- B4-18 • Evidence of more active seepage at
Slide 20: New South Wales: State of the Market
New South Wales : State of the Market (AGL, NSW Min. Exp. & Inv. Conf.) LNG Market 19
Slide 21: Advent Energy Ltd
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 Global Divisional President of Schlumberger during a 25 year career in
Slide 22: David Breeze, Director, Advent Energy Limited
David Breeze Advent Energy Limited Ph +61 8 9328 8711 [email protected] Director 14 View Street Fax +61 8 9328 8733 www.adventenergy.com.au North Perth WA 6006 Australia DISCLAIMER Advent Energy Ltd (Advent Energy) has prepared this Company Introduction Presentation. Whilst the information c