Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Non-Deal Roadshow (November 2005)
25 slides from Synergia Energy's roadshow presentation, November 2005
Slide 1: Indian & Australian Oil & Gas Investor Update
Indian & Australian Oil & Gas Investor Update November 2005
Slide 2: Oilex Overview
Oilex Overview New management team from February 2005 A focus on India Objective is to build a substantial oil and gas business in India and Australia based on assets that will provide: rapid growth sustainable cash flow for investment in exploration and production opportunities; and an exceptional
Slide 3: Oilex capital structure
Oilex Overview Oilex capital structure Shares on issue 49,006,285 Current share price $0.30 Market capitalisation $14,701,886 Cash on hand at 30 Sept 2005 $7,567,000 Enterprise value $7,134,886 Options on Issue OEXAI Ex. $0.20 Exp. 28 Feb 2008 2,200,000 OEXAS Ex. $1.00 Exp. 31 Dec 2009 500,000 OEXAU
Slide 4: Oilex Board and Management
Oilex Board and Management Max Cozijn – Chairman Founding Chairman and Company Secretary. Has over 30 years experience in administration of listed mining and industrial companies. Bruce McCarthy – Managing Director Director since 23 February 2005. Former Executive Director of Command Petroleum India
Slide 5: Management - India
Management - India Maneesh Bajaj – Manager Finance OIPL Formerly F&A Executive Cairn Energy India Pty Ltd – New Delhi Alliance with India Hydrocarbons Ltd (IHL) to assist Oilex with the acquisition of oil and gas exploration and production assets in India. IHL owns 10% OIPL L. L. Bhandari – Liaison
Slide 6: Oilex Technical Alliances
Oilex Technical Alliances Isis Petroleum Consultants Full range of expertise in subsurface data acquisition, interpretation and analysis Personnel with wide experience in Indian and SE Asian basins Advanced Well Technologies (AWT) Subsurface and surface engineering design, interpretation and analysi
Slide 7: India
India
Slide 8: Why India? Recent discoveries and unexplored basins
Why India? Recent discoveries – World class 2002 – world’s largest gas discovery for the year (Reliance and Niko) ca. 14 TCF gas 2003 – 1.5 billion barrel oilfield in Rajasthan discovered by Cairn India largely unexplored – 26 basins 7 with commercial fields 19 basins (or 73% of the basins) unexplor
Slide 9: Why India? Political and economic risk
Why India? Political Risk – Lowest in the area Largest democracy in the world English common law, English the language of business Economic Risk – Lowest in the area Excellent track record of honouring contracts Stable currency 100% repatriation of currency for foreign operators Oil and gas sales in
Slide 10: Why is India attractive for Oilex?
Why is India attractive for Oilex? Limited competition Smaller players do not have access to funding Majors are not interested in India upstream International companies think it’s too hard Potential competitors do not have access to integrated exploration skills The Oilex team has a proven track rec
Slide 11: Petroleum Provinces - India
Petroleum Provinces - India Production +/- 600,000 bopd and 350 mmcfgd mainly by ONGC & OIL 35% self sufficient Main Provinces North-eastern East coast Western Sedimentary Basins of India DGH 2005
Slide 12: Oilex Indian Strategy
Oilex Indian Strategy “Operator-of-choice” Maintain and develop networks Concentrate on proven petroliferous basins Acquire high equity % in high quality E&P assets Develop liaisons, alliances with preferred parties with common objectives Concentrate on upstream assets consider equity in related dow
Slide 13: Indian Experience
Indian Experience Oilex personnel and associates operating in India since 1995 Proven track record of exploration and development success in India and Australia Management skills to suit the environment We know the issues that are important We know the people We know the rocks
Slide 14: Cambay Field – First Indian Interest
Cambay Field – First Indian Interest In July 2005 Oilex acquired 30% interest in the Cambay Field, onshore Gujarat Oilex is operator JV partners: Gujarat State Petroleum Corporation and Niko Resources Important first step in establishing Oilex’s presence as operator in India Located in prolific petr
Slide 15: Cambay Field location
Cambay Field location CAMBAY FIELD Northern Gulf of Cambay Gujarat CAMBAY FIELD Northern Gulf of Cambay Gujarat Sedimentary Basins of India Sedimentary Basins ofDGH India 2005
Slide 16: Cambay Field
Cambay Field Cambay-15 1,000+ psi
Slide 17: Cambay field – twt structure
Cambay field – twt structure OS-ll Producing wells outside time closure TIME CONTOURS NOT RELIABLE e.g. S HORST Wells inspected Sep 05 4 WELLS ON E FLANK OUTSIDE TIME CLOSURE. STRATIGRAPHIC TRAPPING 65 ISOLATED SAND LENSES 5 UPDIP SAND PINCHOUTS 18A 22 Wells drilled out of closure with oil and gas i
Slide 18: Indian Alliances
Indian Alliances In October 2005 Oilex announced Alliance Agreements with 3 major Indian public sector companies Gujarat State Petroleum Corporation GAIL (India) Ltd Hindustan Petroleum Corporation Ltd and affiliate Prize Petroleum Company Ltd Alliances to participate in oil and gas exploration and
Slide 19: Australia
Australia
Slide 20: Oilex Australian Objectives
Oilex Australian Objectives
Slide 21: Oilex Australian Operations - Surat
Oilex Australian Operations - Surat ATP 805/608 ATP 805P 42.5% DONGA-PINNACLE TREND TWT TO BASEMENT Contour Int 5 ms 5 km 2.8 MMBLS Pr os pe Tranter – gas shows – not tested ct ive Gundi-Morocco – no shows 5.2 MMBLS tre 4.2 MMBLS nd Donga-3 Balonne – oil shows - tight Donga had oil recoveries 3 MMBL
Slide 22: Australian Operations - Queensland
Australian Operations - Queensland ATP 805P – Donga-3 cased for future production ATP 608P – dump flood planned Rookwood South-1 ATP 794P – Barcoo Junction and Moothandella targets to be confirmed
Slide 23: Australian Operations - Otway
Australian Operations - Otway Farmout kms negotiations 0 40 continuing with 3rd parties Review structure to define targets Rig availability Q4 ’06 Completing farmin negotiations
Slide 24: Summary
Summary Oilex is focused on hydrocarbon exploration in India and Australia. Oilex’s new management team has an edge in oil and gas experience, expertise and industry relationships in Australia and India Key alliances formed with major Indian companies Acquired an interest in the Cambay field with a
Slide 25: Contacts
Contacts 46-50 Kings Park Roa d West Perth WA 6005 Paul Fryer Bruce McCarthy Associate Director – Corporate Finance Man a ging Director Hartleys Limited www. hartleys .com.au Telephone +61 8 9226 5577 Member of the ASX T +61 8 9 268 2888 2819 Facsimile +61 8 9226 2108 Level 6, 141 St Georges Terrace