Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Investor Presentation (February 2018)
17 slides from Synergia Energy's investor presentation, February 2018
Slide 1: Natural Gas in the World's Fastest Growing Economy
For personal use only Oilex Cambay Facilities NATURAL GAS IN THE INVESTOR PRESENTATION WORLD’S FASTEST FEBRUARY 2018 GROWING ECONOMY www.oilex.com.au twitter@oilexltd
Slide 2: Important Information
IMPORTANT INFORMATION For personal use only 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 d
Slide 3: Important Information: Risks and Forward Looking Statements
IMPORTANT INFORMATION For personal use only 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) th
Slide 4: Oilex Path to Cambay Field Development
Oilex Path to Cambay Field Development For personal use only • Oilex has a large gas resource – anticipate commencing development in 2018 • Within world’s fastest growing energy market – increasing dependency on gas • Gas prices have rebound strongly • Adjacent to major national gas transmission inf
Slide 5: Oilex Update – February 2018
Oilex Update – February 2018 For personal use only • Capital raising underway to secure a total of A$2.35 million (£1.33 million) • Republic Investment Management Pte Ltd to take 19.9% interest in OEX • Detailed planning under way for the 2018 work programme including headline programme of two verti
Slide 6: PSC Extension Status
PSC Extension Status For personal use only • Application for a ten-year extension of the PSC term, beyond its expiry in September 2019, was lodged in September 2017 as required by GoI policy • In support of the PSC extension application, FDP was completed in September 2017 and lodged with the DGH •
Slide 7: 2018-19 Work Programme Financing
2018-19 Work Programme Financing For personal use only • Funding for the 2018 work programme substantially underway with a conditional capital raising to secure funding of up to A$2.35 million (£1.33 million): T1: A$0.6 million (£0.34 million) at an issue price of A$0.0038 (0.215 pence) - COMPLETED
Slide 8: Oil and Gas Focus in India
Oil And Gas Focus in India For personal use only • World’s third largest petroleum consumer • India fastest growing large country by GDP at ~7% • Government recognises criticality of energy supply: Oil and gas a key contributor to MAKE IN INDIA initiative • Government proactively promoting oil and g
Slide 9: India - Robust Energy Fundamentals
India - Robust Energy Fundamentals For personal use only Forecast World’s Govt Tripling of Oil & Gas 2nd Largest Fastest Policy Demand 80% of oil LNG LNG buyer Growing Driving imported Imports by Increasing after Economy Reform 2025 Japan Oil & Gas Production Oil & Gas Consumption 300 300 Aust India
Slide 10: LNG Prices Recover Strongly
OILEX - LNG Prices Recover Strongly For personal use only Cambay 70% Tripling of 15km to Gas Part of Increase LNG High No Price to replace National in LNG Imports by Pressure Control LNG Grid Price 2025 Network Imports ASIA LNG PRICES $9.20 Japan China $7.70 $9.20 $8.60 $5.90 $6.20 $5.30 $5.30 $6.70
Slide 11: Cambay Project
CAMBAY PROJECT For personal use only Page 11
Slide 12: Oilex: Leveraged to India Growth
Oilex: Leveraged to India Growth For personal use only • India Focused - 10 years active operating experience • Multi TCF discovered gas resource - targeting initial development in 2018 • One of a VERY small number of foreign Cambay companies operating in India Cambay PSC • Actively seeking new proj
Slide 13: Project Fundamentals
Project Fundamentals For personal use only Historic EP-IV vertical wells flowed at strong rates on test unstimulated (see Very large EP-IV tight gas resource volumes potential map) Two Oilex drilled EP-IV horizontal wells encountered hydrocarbons. Well Contingent Resource for EP-III / IV (X /
Slide 14: Project Fundamentals: Fracture Modelling
Project Fundamentals For personal use only FRACTURE MODELLING EXAMPLES RISC, Baker Hughes and FDP provide: Historical Vertical Well – fracture escaped vertically outside of reservoir target zone. • Confirmation of potentially large gas resource • Specific reasons for under-performance of historica
Slide 15: Cambay Conceptual Development Target
Cambay Conceptual Development Target For personal use only Phase 1 » Phased expansion of surface facilities to 12mmcfd for a projected aggregate cost of up to US$10 million Phase 2 » Phased expansion of surface facilities from to 12 to 50mmcfd for a projected aggregate cost of up US$40 million »
Slide 16: Revitalised Management Team to Support Growth
Oilex: Revitalised Management Team to Support Growth For personal use only Strong board and management - restructured in 2016-17 Experienced in execution and delivery of projects in India BOARD & MANAGEMENT Brad Lingo Non-executive Chairman Focus on realising the value in Indian projects Over 30 yea
Slide 17: An Oil and Gas Focused Company
For personal use only An OIL and GAS Focused Company Large Gas Resource – Multi-TCF Accessing Booming Indian Energy Market ASX : OEX AIM: OEX www.oilex.com.au