MEC Resources Ltd · ASX:MMR
MEC Resources — Advent Energy — Excellence in Oil and Gas Conference 2009
27 slides from MEC Resources's conference presentation, Apr 7, 2009
Slide 1: Advent Energy Presentation
7 April 2009 Companies Announcements Office Australian Securities Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000 Dear Sir/Madam Advent Energy Presentation Excellence in Oil and Gas Conference, 6 & 7 April 2009, Sydney. MEC Resources Ltd (ASX:MMR) advises that its investee entity Advent
Slide 2: Offshore Sydney Basin – Significant Gas Features
Offshore Sydney Basin – Significant Gas Features (ASX: MMR 23 March 2009) • Investee entity Advent Energy Ltd has interpreted significant gas features in its exploration data for the y PEP11 offshore Sydney y Basin p project j • Advent has previously reported the prospective P10 unrisked gas resourc
Slide 3: Offshore Sydney Basin – Significant Gas Features
Offshore Sydney Basin – Significant Gas Features (ASX: MMR 23 March 2009) • The seismic evidence of extensive gas generation and migration is continuing to be examined by Advent and independent geologists and geophysicists • In a further step towards commercial development of the project, Advent has
Slide 4: Offshore Sydney Basin: PEP 11 Summary
Offshore Sydney Basin：PEP 11 Summary • NSW/PEP 11 covers 8100 sq km; Advent – 85% • Permit Prospective Recoverable Resources estimated at up to 16.3 16 3 Tcf • 20 km from Australia’s largest energy market, world class infrastructure • Gas flow and gas/oil shows in Sydney Basin Onshore wells / flows
Slide 5: Important oil producing regions first discovered by surface seeps
Nearly all the important oil producing regions of the world were first discovered by surface oil and gas seeps (Hunt, 1981) Worldwide Oil & Gas Fields (source: Total – www.planete-energies.com, and Link, W.K., 1952, Significance of Oil and Gas Seeps in World Oil Exploration, Bulletin of the AAPG, Vo
Slide 6: Slope failure, Gas seepage. Major HC Provinces
Slope failure, Gas seepage. Major HC Provinces 14 Tcf Source: European Commission Slumps: over 28 cu. km Source: Whelan, Marine & Petr Geol 2005
Slide 7: Swath Survey 2006
Swath Survey 2006 D. Schumacher: “Hydrocarbons seep in large concentrations in basins activelyy g generating g hydrocarbons y or that contain excellent migration g pathways” Pockmark over 282,000m3 Image courtesy Ron Boyd, University of Newcastle
Slide 8: Offshore Sydney Basin – A Proven Petroleum Basin
Offshore Sydney Basin--A Proven Petroleum Basin With Potential Huge Gas Reserve – p Prospective Recoverable Resources of 16.3 Tcf estimated for the Permit. [Fred Kroh, Geoscience Australia]
Slide 9: Basin analogues: Lord Howe Rise and neighbouring basins
…this is not surprising as these basins were located close to each other in the Cretaceous and had a similar evolutionary his histor tory y Schematic Upper Cretaceous Paleogeography Sydney Basin Lord Howe Rise: •4.5 billion boe •98 5% methane •98.5% Taranaki Basin 0.5 Billion BBL Oil 7 TCF Gas Gipps
Slide 10: Gippsland Basin Model, Yampi Shelf Model
Gippsland Basin Model Y Yampi i Shelf Sh lf Model M d l Courtesy O’Brien, Geoscience Australia; based on Yampi Shelf, Browse Basin
Slide 11: Apparent gas reservoired at intermediate depths
Chimneys and pock marks indicating focus areas of fluid flow above the top reservoir “From the many studies performed in hydrocarbon basins from all over the world we have learned that seismic chimneys are visible in 90% of all Mesozoic and Tertiary basins.” • Apparent gas reservoired at intermediat
Slide 12: Bathymetry and onshore well data
Source: Sayers et al, Geoscience Australia Bathymetry data courtesy Kriton Glenn-Geoscience Australia, onshore well data courtesy NSW DPI
Slide 13: Offshore Sydney Basin: Horizon E Structure Frame
Offshore Sydney Basin: Horizon E Structure Frame Indicating Huge Offshore Anticline Baleen Prospect: Blue Lead: Prospective rec. res: Prospective rec. res: P10: 5.78 TCF P10: 253 BCF P50: 1.79 TCF P50: 170 BCF P90: 0.22 TCF P90: 102 BCF Fish Prospect: Prospective rec res: P10: 9.18 TCF P50: 2.37 TCF
Slide 14: Profile of proposed well Baleen #1
Profile of proposed well Baleen # 1 [seismic line B4-19] Channel 280 50m 1615m 2440m 3760m TD: 4400m “It is generally assumed that maturation and migration began relatively early and hence early structures are favoured as Base Cainozoic Base Triassic hydrocarbon traps” (Stewart and Alder, 1995) B Ba
Slide 15: Profile of proposed well Fish #1
Channel 280Profile of proposed well Fish # 1 [seismic line B4-28] 10m 916m 1913m 4030m: “Structural traps p are believed to be TD: 4400m widespread with Late Permian and Late Triassic anticlines and fault traps combined with Tertiary rejuvenation of Base Cainozoic Base Triassic older structures thou
Slide 16: Possible AVO
Possible AVO HRDZ B4-06 B4-15 Intercept vs Gradient -Xplot Colour Scheme - CDP 2200-2800 on stack “Seal potential is one of the least critical factors to defining prospectivity in the Sydney Basin as thick shaly units with the potential to act as seals occur throughout the Sydney Basin” Basin (Santo
Slide 17: Distribution of Gas Chimney
Distribution of Gas Chimney J. Whelan: “seismic signals are smeared to considerable depth as a result of vigorous gas seepage” B4-15 B4 15 B4-16 B4-17 B4-18 B4-19 B4-20 B4-15 B4-16 B4-17 B4-18 B4-19 B4-20
Slide 18: HRDZ comparison between Line B4-05 and Bonaparte Basin
HRDZ comparison between Line B4-05 and Bonaparte Basin “Soft”High Amplitude Anomaly HRDZ HRDZs over the Skua and Swift fields, Bonaparte Basin HRDZs on PEP11 seismic line B4‐05 [Source O’Brien, Geoscience Australia]
Slide 19: HRDZ comparison between Line B4-06 and Browse Basin
HRDZ comparison between Line B4-06 and Browse Basin HRDZ HRDZ in the Browse Basin [Source O’Brien, Geoscience Australia] HRDZs on PEP11 seismic line B4‐06
Slide 20: HRDZ comparison between Line B4-11 and Vulcan Sub-basin
HRDZ comparison between Line B4-11 and Vulcan Sub-basin “Soft”High Amplitude Anomaly HRDZ High intensity, large and linear HRDZs are present near the HRDZs on PEP11 seismic line B4‐11 Tahbilk gas accumulation, located in the southern Vulcan Sub‐ basin [Source O’Brien, Geoscience Australia]
Slide 21: Cornea seep, over Cornea oil/gas field
“A recent review of more than 850 wildcat wells – all drilled after geochemical surveys finds that 79% of wells drilled in positive anomalies resulted in commercial oil and gas discoveries” D. Schumacher Noise train in the water column Reverse polarity event Weaker reflection Gas in water column and
Slide 22: Reservoir potential of the central offshore Sydney Basin
“Arditto Arditto (2003) argues that the central offshore region of Sydney Basin (southern part of PEP- 11) is well positioned to contain clean, quartz- rich, fluvial to nearshore marine reservoir facies within the Late Permian Coal Measures. If adequate reservoirs exist, these facies are also well p
Slide 23: Analysis of Gas from Offshore Sydney Basin
Analysis of Gas from Offshore Sydney Basin Repeated Hydrocarbon seep samples show a thermogenic source - Liquids component indicated - Hydrocarbon y Seep p Gas Analysis: •Methane 90.69% yg •Oxygen 1.58% •Carbon Dioxide 4.12% •Nitrogen 3.7% “The main source kitchen areas are in the deeper parts of th
Slide 24: Source rocks, reservoir rocks and seals
• Source Rocks：Late Permian Coal Measures, mainly Greta and Tomago groups； • Reservoir Rocks：Fluvial Sandstone in Permian and Triassic • Seals：Siltstone in Wandrawandian and Branxton group • Onshore: 8 wells - oil shows & 16 – oil + gas shows NSW Dept of Mineral Resources: “41% wells flowed gas on t
Slide 25: Offshore Sydney Basin: PEP 11 Summary
Offshore Sydney Basin：PEP 11 Summary • NSW/PEP 11 covers 8100 sq q km,, 20 km from Australia’s largest energy market, excellent infrastructure • Permit Prospective Recoverable Resources estimated at up to 16.3 Tcf • Excellent analogies with world class producing fields • Active A ti th thermogenic i
Slide 26: 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 Data, advice, review and technical contributions gratefully Publications acknowledged •Jim Dirstein - -Total Depth p - Pri
Slide 27: Disclaimer
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
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