Maverick Minerals Australia Ltd · ASX:M96
Maverick Minerals Australia — Exoma Energy — Shareholder Meeting (November 2011)
17 slides from Maverick Minerals Australia's shareholder meeting presentation, Nov 29, 2011
Slide 1: 2011 Annual General Meeting
2011 Annual General Meeting CEO’s Presentation 29 November 2011
Slide 2: Exoma Energy Limited
Exoma Energy Limited • An ASX Listed petroleum exploration company • Principal Activities: – Exploration in the Galilee Basin for hydrocarbons contained in coal, shale and conventional sandstone reservoirs • Issued Capital: – 417 million ordinary shares (EXE) – 173 million listed 10 cent options (EX
Slide 3: 2011 Programs
2011 Programs • CSG exploration drilling - core wells to validate regional CSG model in Exoma’s acreage • Shale exploration drilling – core wells to test the Toolebuc shale as a hydrocarbon system • A conventional oil test • Modeling the Great Artesian Basin • Development of appraisal strategies for
Slide 4: Year in Review
Year in Review Strategic Objectives for 2011 met: • CNOOC (China National Offshore Oil Corporation) Farm-in completed – Strategic joint venture partner – $50 million exploration funding secured • Exoma operational organisation developed • Successful, safe, 7-well drilling campaign • Significant disc
Slide 5: CNOOC Farm-in
CNOOC Farm-in • Farm-in completed in April 2011 • CNOOC provides the first $50 million in joint venture funding • Introduces a strong industry partner – Extensive upstream resources and capabilities – Strategic LNG buyer • Close working relationship – CNOOC technical secondees to join Exoma in 2012
Slide 6: 2011 Drilling Program
2011 Drilling Program • Atlas #1 Rig • Six month program • Seven core wells • Excellent safety and environmental record • Program start & end timing impacted by rain 6
Slide 7: Galilee Basin Drilling Program
XX exoma ENERGY exOmMda _ Galilee Basin 201 ENERGY Drilling Program Katherine 8 50 100 © 2011 Welt
Slide 8: Health & Safety
Health & Safety • Exoma Safety Management System – implemented to protect staff and all contractors in the field • 71,805 hours worked 12 months to October – 50,656 hours field operations (staff and contractors) – 21,149 hours office • Zero Lost Time Injuries (LTI’s) • Zero Near Miss Incidents • 2 f
Slide 9: Environment
Environment Independent environmental survey and water bore testing conducted before and after operations No environmental incidents No breaches of Environmental Authority conditions Photos: Wonganella-1 well site, before and after operations 9
Slide 10: Community and Landholders
Community and Landholders • Exoma recognises that there are legitimate community concerns about CSG • Exoma is active in the communities: – Coordinating its operations with local govt. – Supporting local businesses – Attending community functions to listen to issues and explain our activities – Supp
Slide 11: CSG Exploration
CSG Exploration • 4 wells drilled – testing a variety of CSG plays • Cumulative coal thickness 6m to 26m • Cores desorbed – undergoing laboratory testing • Potential economic discovery at Wonganella – Well suspended for future completion as an observation well • Complex geology at Saltern and Hollow
Slide 12: Shale Exploration
Shale Exploration • 3 core wells and 3 chip holes – testing a variety of shale targets • Currently laboratory testing shale core to establish technical maturity and production potential • Exploration operations have delivered empirical evidence of maturity and hydrocarbon generation: – Free oil samp
Slide 13: Conventional Oil Exploration
Conventional Oil Exploration • Katherine-1 discovered oil, confirming Exoma’s geological model of the prospect as a significant oil play • Oil shows recovered during drilling – Cuttings – Drilling mud • Petrophysical logs indicate oil columns in both the Hutton and Adori sandstones. • Unable to reco
Slide 14: Katherine Prospects
Katherine Prospects Section Line A-A Katherine | Proposed Katherine-2 Toobrac-| A A A ‘TOOLEBUC SHALE Katherine West Katherine East Prospect Prospect exoma 14 ENERGY
Slide 15: Katherine Prospects
Katherine Prospects • Map of Katherine West and Katherine East 15
Slide 16: New Area Exploration
New Area Exploration • The Queensland Government 2011 tender for new petroleum acreage closed on November 14 • Exoma made applications for 4 blocks – Each block is prospective for shale oil/gas – Each block is prospective for conventional oil – Two blocks are prospective for CSG • The results of the
Slide 17: 2012 Program
2012 Program • The 2012 Joint Venture program budgets for: – CSG exploration – continuation of 2011 program and new program wells – Appraisal of oil discovery at Katherine – Appraisal of Toolebuc shale – Continuation of Great Artesian basin studies • Budgeted exploration is funded by the CNOOC farm-