Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — UK Investor Show 2017
19 slides from Synergia Energy's conference presentation, April 2017
Slide 1: Natural Gas in the World's Fastest Growing Economy
NATURAL GAS IN THE WORLD’S FASTEST UK INVESTOR SHOW APRIL 2017 GROWING ECONOMY www.oilex.com.au twitter@oilexltd
Slide 2: Important Information
IMPORTANT INFORMATION Nature of the presentation This presentation has been prepared by Oilex Ltd (Oilex). It is current as at the date of this presentation. It contains information in a summary form and should be read in conjunction with Oilex’s other periodic and continuous disclosure announcement
Slide 3: Important Information
IMPORTANT INFORMATION Risks and forward looking statements An investment in Oilex shares is subject to known and unknown risks, many of which are beyond the control of Oilex. In considering an investment in Oilex shares, investors should have regard to (amongst other things) the risks outlined in th
Slide 4: Oilex – Oil and Gas Focus in India
OILEX – OIL AND GAS FOCUS IN INDIA 1) India fastest growing large country by GDP: World’s third largest petroleum consumer 2) Government recognises criticality of energy supply: Oil and gas a key contributor to MAKE IN INDIA 3) Government proactively promoting oil and gas opportunities and foreign i
Slide 5: Setting the Scene
SETTING THE SCENE Page 5
Slide 6: Oilex Background
OILEX BACKGROUND Head office in Perth, Western Australia Project office in Gandhinagar, Gujarat, India Operating in India for approximately 10 years; nine wells drilled Gandhinagar One of very few foreign companies in the sector Cambay Indian Project Office Bhandut Dual listed ASX & AIM CAPITAL STRU
Slide 7: Company Profile
COMPANY PROFILE REVITALISED TEAM BOARD & MANAGEMENT Revitalised board and senior management in last 12 Brad Lingo Non-executive Chairman months Over 30 years of oil and gas leadership roles, a recognised oil and gas industry leader. SMH/East Coles S&P/ASX 200 Energy Best CEO of the Year 2014. Recent
Slide 8: Page 8
Page 8
Slide 9: Why India
WHY INDIA STRONG ENERGY FUNDAMENTALS Indian energy consumption growth faster than all major economies BP Energy Outlook for India overtakes China as largest growth market for energy India to 2035 India remains import dependent with LNG doubling Demand for gas increase by 162% INDIA DOMESTIC NATURAL
Slide 10: Energy Outlook to 2035/2040 for India
ENERGY OUTLOOK TO 2035/2040 FOR INDIA India’s population to pass China in 2028 Per capita income increase by more than 3 times Projected 129% energy demand growth to 2035 (compare China 47%, Brazil 41%, Russia 2%) Share of global demand increase to 9% Gas demand increase by 162% (against renewables
Slide 11: Initiatives by Indian Government
INTITIATIVES BY INDIAN GOVERNMENT VIBRANT E&P SECTOR 32 New contract blocks awarded in discovered small field (DSF1) blocks Received 134 e-Bids; easier entry requirements; 15 new Indian companies Second DSF2 round in preparation Setting up national data repository providing new access to geotechnica
Slide 12: Cambay Project
CAMBAY PROJECT Page 12
Slide 13: Oilex Main Project
OILEX MAIN PROJECT CAMBAY PRODUCTION SHARING CONTRACT 40,000 acres Close to national pipeline infrastructure In Gujarat State: one of India’s major industrial Cambay Project regions GujaratCambay State Tarapur Oilex – 45% Interest GSPC – 55% Interest Oilex is Operator Farm-in interest being expresse
Slide 14: Cambay Project
CAMBAY PROJECT MULTI-TCF TIGHT GAS PLAY Gas in place confirmed in multiple horizons, producing since 1961 Main target is multi-TCF low permeability, wet gas zones Applying North American “shale” technology in India Secondary target in shallower oil and gas pools in areas unswept by historical produc
Slide 15: Resource Statement
RESOURCE STATEMENT PREPARED BY RISC* Total Contingent and Prospective In Place Resources Contingent Resource for EP-III / IV (X / Y Zone) – 100% Total resource Gas volume (bcf) Condensate Volume (million bbl) (gross) Gas in Place (bcf) Region P90 P50 P10 Mean 1C 2C 3C 1C 2C 3C Y Total 1716 2519 3503
Slide 16: Path Forward
Recent capital raising secures active 2017 Field Programme PATH FORWARD Page 16
Slide 17: Key Issues
KEY ISSUES CAMBAY & BHANDUT PROJECTS • Joint venture partner, GSPC, has not been paying bills; working to resolve this • Potential for Oilex or a new party to buy out GSPC’s 55% interest • Potential for Oilex to provide additional equity to incoming party through part sale • Oilex holds pre-emptive
Slide 18: Building Value in 2017
BUILDING VALUE IN 2017 NEXT 6 MONTHS: LOW COST PROGRAM • Determine optimal technology for commercial development using North American drilling and reservoir stimulation technology • Complete associated technical reviews • Workover two wells to re-start production • Bring two shut-in wells back to pr
Slide 19: An Oil and Gas Focused Company
An OIL and GAS Focused Company Large Gas Resource - Multi TCF Accessing Booming Indian Energy Market ASX : OEX AIM: OEX www.oilex.com.au