Forte Energy Limited · ASX:FEL
Forte Energy — IPB Petroleum — Investor Presentation (December 2020)
12 slides from Forte Energy's investor presentation, Dec 9, 2020
Slide 1: Investor Presentation 9 December 2020
Investor Presentation 9 December 2020 Acreage surrendered Pryderi-1 Gwydion / Idris location Core Permit Renewed Area Relinquished
Slide 2: Important Notice
Important Notice This presentation has been Except for statutory liability which achievements to differ materially from prepared by IPB Petroleum Limited cannot be excluded, each of IPB, its those expressed, implied or projected (IPB) and is provided on the directors, officers, employees and in any
Slide 3: Important Notice Resources
Important Notice Resources Resources For further information, including The resources figures quoted in assumptions, limitations and Idris Resources this document have been qualifications relating to the The subject resource estimates prepared in accordance with estimation of resources publicly rela
Slide 4: Idris / Gwydion
Idris / Gwydion Oil Discovery Well WA-424-P Gwydion-1 (Idris ~1 km away) • Shallow water (~80m) & shallow reservoir depth (800m SS) • Drilled by BHP 1995 • 14m gas in glauconitic sand ~ 22% porosity over 9.5m oil in good quality sand 28% porosity • 30 deg API oil, in porosity 28%, inferred permeabil
Slide 5: Idris Appraisal Well
Idris Appraisal Well IPB IPB PETROLEUM 1 \ NE i ied PIP = aw RY <a va Gas Oil Contact depth contour | Vell has oil 10m below Gwydion “| Ds a as measured in Gwydion-1 well . discovery well : structural closure. Gas fills all adjacent structures to spill => Larger stratigraphic oil trap ‘ ey 5 Mathonw
Slide 6: Farmout and Funding WA-424-P
Farmout and Funding WA-424-P • Farmout 50% interest in WA-424-P Permit to Quay Resources International (QUAY) for QUAY funding Idris well, backcosts and optional funding success based stage 1 field development • IPB retains 50% working Interest and remains Operator, QUAY 50% • Funding repayable out
Slide 7: Idris Resources
Idris Resources The resources estimates contained in Table 1 below have been prepared in accordance with SPE-PRMS and adherence to Chapter 5 of the ASX Listing Rules. Prospective Resources Million Barrels of Oil Low Estimate Best Estimate High Estimate Idris (100%) 19.8 68.6 159 Table 1: Prospective
Slide 8: Gwydion PSDM 3D Seismic
Gwydion PSDM 3D Seismic Amplitude Extraction Top Hard GQ Sand (good sand) Top High Quality Sand horizon Top Seal Further Updip seal Other success based further stage Success based development wells Stage 1 development Gwydion-1 oil development wells discovery Base Seal Idris-1 appraisal well
Slide 9: Gwydion-1 Original RFT Pressure Plot
Gwydion -1 Original RFT Pressure Plot RFT recovered 5.2 litres oil - 813 mRT Structural closure PSDM Oil and gas in pressure communication with water on regional gradient – one container 8
Slide 10: Gwydion-1 – what it looks like interpreted on Seismic
Gwydion-1 – what it looks like interpreted on Seismic NW Proposed IdrisSE -1 In Line Gwydion-1 discovery well Top reservoir beneath seal Gas Oil Contact 783 mSS Gas cap coloured in red aligns with structural closure Oil coloured in green Oil Water Contact 792 mSS Water
Slide 11: ….and what it looks like interpreted on Seismic
….and what it looks like interpreted on Seismic Proposed Idris -1 Interpreted gas Gas caps fill chimneys structures Faulting Gwydion-1 discovery well Interpreted stratigraphic oil reservoir (coloured green) Edge of high quality sand amplitude, approximate bubble point of crude
Slide 12: Thankyou
Investor Presentation ……..Thankyou Acreage surrendered Pryderi-1 Gwydion / Idris location Core Permit Renewed Area Relinquished
IPB Petroleum — Investor Presentation (December 2020) on 6ix