Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — RIU Good Oil Conference 2018
16 slides from Synergia Energy's conference presentation, September 2018
Slide 1: Oilex in India
Oilex Cambay Facilities OILEX IN INDIA RIU GOOD OIL CONFERENCE SEPTEMBER 2018 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: Overview
Oilex: Overview BOARD & MANAGEMENT • ASX and AIM listed Brad Lingo Non-executive Chairman Over 30 years of oil and gas leadership roles, a recognised innovator and catalyst for effective deals. A recognised “company repairer”. SMH/East Coles • 57.3% of shares held on AIM S&P/ASX 200 Energy Best CEO
Slide 5: Oilex: Leveraged to India Growth
Oilex: Leveraged to India Growth Page 5
Slide 6: Oilex & India
Oilex & India • Oilex is focused on Indian natural gas • 10 years active operating experience in India • One of a VERY small number of foreign companies operating in India • Government of India strongly promoting growth of domestic gas production • Asian gas price rebound strongly in 2017 and held s
Slide 7: Oilex Cambay Project
Oilex Cambay Project • Multi TCF discovered gas resource in Cambay PSC - targeting initial development in 2019 • Adjacent to major national gas transmission infrastructure • GoI approval of 10 year PSC extension received in 1Q 2018 Cambay PSC • Resolution of JV partner issues is a key hurdle to re-c
Slide 8: Cambay Project Fundamentals
Cambay Project Fundamentals ➢ Very large Eocene tight gas resource volumes potential (EP-IV) ➢ Historic EP-IV vertical wells flowed at strong rates on test unstimulated (see map) ➢ Two Oilex drilled EP-IV horizontal wells encountered hydrocarbons. Well C-76H Contingent Resource for EP-III / IV (X /
Slide 9: Cambay Technical Verification
Cambay Technical Verification FRACTURE MODELLING EXAMPLES ➢ RISC, Baker Hughes and FDP recent work provide: Historical Vertical Well – fracture escaped vertically outside of reservoir target zone. • Confirmation of potentially large gas resource • Specific reasons for under-performance of historical
Slide 10: Cambay Conceptual Development Target
Cambay Conceptual Development Target ➢ Phase 1 » Phased expansion of surface facilities to 12mmcfd for a projected aggregate cost of up to US$10 million. Two vertical wells stimulation program based on recent study findings ➢ Phase 2 » Phased expansion of surface facilities from to 12 to 50mmcfd for
Slide 11: Indian Oil & Gas Fundamentals
INDIAN OIL & GAS FUNDAMENTALS Page 11
Slide 12: India: Overview
India: Overview Annual GDP Growth Rate 9 • World’s third largest petroleum consumer Aust India 8 7 • India fastest growing large economy by GDP at ~7% 6 % 5 • Government recognises criticality of energy supply: Oil and 4 3 gas a key contributor to MAKE IN INDIA initiative 2 1 • Government proactivel
Slide 13: India - Robust Energy Fundamentals
India - Robust Energy Fundamentals World’s Forecast Govt Oil & Gas Tripling of Fastest Imports 2nd Largest Policy Supply LNG Growing 83% oil LNG buyer Driving Deficit Imports by Large 47% gas after Reform Increasing 2025 Economy Japan Oil & Gas Production Oil & Gas Consumption Oil & Gas Supply vs De
Slide 14: India - LNG Prices Recover Strongly
India - LNG Prices Recover Strongly Cambay Cambay Bouyant Multiple Gas 15km to Part of LNG markets in to replace High Open National India LNG Pressure Pricing Pricing Grid Imports Network Industrial Energy Demand Growth ASIA LNG PRICES $9.20 Japan China $7.70 $9.20 Spot Price for 2018 Delivery $8.60
Slide 15: India: Government Initiatives
India: Government Initiatives • Discovered Small Field Bid Rounds • Blocks recycled from National Oil Company holdings • Bidding for exploration acreage opened up • Company nomination of exploration blocks • Technology application and efficiencies needed • Huge and growing market • Good fiscal terms
Slide 16: 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 New Delhi Parliamentary Precinct Canberra Parliamentary Precinct