Maverick Minerals Australia Ltd · ASX:M96
Maverick Minerals Australia — Exoma Energy — Merger or Acquisition (June 2009)
21 slides from Maverick Minerals Australia's merger presentation, June 2009
Slide 1: Information Presentation: Exoma Energy Acquisition of Longreach Number 2
Information Presentation Exoma Energy Limited Acquisition of Longreach Number 2 Pty Ltd Galilee Basin: Coal Seam Gas Shale Gas June 2009 1
Slide 2: Acquisition & Company Overview
Acquisition & Company Overview Exoma Energy Limited (EXE) is an energy exploration company that has settled the sale of its USA based petroleum assets in March 2009. Longreach Number 2 Pty Ltd (LN2) is a private Brisbane based exploration company with rights to be granted 5 ATP’s in Queensland’s
Slide 3: Why the Galilee Basin
Why the Galilee Basin The Directors of LN2 recognised that the Galilee Basin provided the only remaining opportunity for sufficient acreage to support large scale Gas and LNG projects in Queensland. 26,840 Km² of contiguous ground. Large data set: over 4,000km 2D Seismic & over 100 exploration
Slide 4: Board & Management
Board & Management Following closing the acquisition the three Longreach Directors will join the Board of EXE: Howard Dewhirst: Bachelor’s degree in Geology, worked primarily in the international petroleum resources sector. Founding member of the Coal Seam Methane Council of Australia and is a F
Slide 5: Regional Location of ATP's
Regional Location of ATP’s Permian Coal CSG Potential in Galilee Basin 5
Slide 6: Two Key Gas Opportunities
Two Key Gas Opportunities Permian Coal Seam Gas: from coals on trend with existing CSG development at Rodney Creek Shale Gas: previously undeveloped potential in Cretaceous Toolebuc Formation Gas adsorbed onto the carbon found in highly organic shales such as the Toolebuc and Barnet Shale in USA
Slide 7: Presence of Permian Coals & Toolebuc Shale
Presence of Permian Coals & Toolebuc Shale Permian Coals Similar to AGL & Blue Energy CSG Projects expected in Longreach ATPs 991, 996 & 1008 Toolebuc Play Present in all of Longreach ATPs 7
Slide 8: Seismic & Well Locations
Seismic & Well Locations ~100 petroleum ATP 529 – Rodney Creek AGL & Blue Energy exploration wells ‐ AGL have announced ~ CSG Projects adjacent 20 TCF 98% Methane to Longreach acreage Gas In Place GIP AND ~4,000km plus of 2D seismic in and adjacent to Longreach acreage 2 Ongoing CSG Pilot Projects:
Slide 9: Permian Coal – Rodney Creek Results
Permian Coal – Rodney Creek 8 Results 22 metre net coal with large continuous seams, well cleated & low ash (<7%) Hi-Permeability <150 millidarcies, weighted for 24.9m tested interval averaged 30 md Gas Content 4 - 7.5 m3/ ton (~225 scf/tonne) Potential GIP ~>20 TCF pipeline quality 98% methane 9
Slide 10: Galilee Basin Planned Wells
Galilee Basin Planned Wells ~50 CSG wells planned in adjacent permits during the coming year by QER, Comet Ridge, Galilee Energy AGL, Blue Energy, Origin Energy. 10
Slide 11: EXE Planned Location of First 3 Wells
EXE Planned Location of First 3 Wells 3 Planned Location of First 3 Longreach wells 1 Coreena 2 2 Coreena Stepout 3 Cairnhope 2 2 1
Slide 12: Longreach First Target - Coreena-1 - 250Bcf
Longreach First Target- Coreena-1- 250Bcf 10 km Closure approx 130 sq km Net coal ~15m Gas Content 4.5m3/t OGIP~250bcf Just to mapped closure 12
Slide 13: Top Bandana Structure Map Location
Top Bandana Structure Map Location 2 ATP 667 Coreena Coreena Stepout StepoutWell well Location Location 10 km 2 ATP 1008 Longreach 13
Slide 14: Cairnhope 1 Location
LLL Cairnhope 1 Location 3 T == Lttttt++tet AvB129 ies . BANDANA FORMATION 3" (LATE PERMIAN) ED 1926 Av Sw 9 be i 3360 to 3565 THICKNESS 205' J—> CONFIRMED OIL SHOW AT = = : 670m (BIRKHEAD FM.) = =o Ta = = + = | + / +4 = i al inti —t 2 le flea = See ae y U t = a ae + a AvO118 t Av Swi00 + ay a9 Eo =
Slide 15: Cairnhope-1 Presence of Permian Coals & Toolebuc
Cairnhope-1 Presence of Permian Coals & Toolebuc 15
Slide 16: Toolebuc Shale Gas Potential
Toolebuc Shale Gas Potential The Toolebuc shale gas may have ~25 TCF potential Cretaceous aged, organic rich shale (TOC <18%) found at <600m in all 5 ATPs The Toolebuc always has gas when drilled, but previously ignored because of perceived lack of ‘reservoir’. The gas (primarily methane) is
Slide 17: Commercialisation Opportunities
Commercialisation Opportunities Targeting a large scale gas resource and pipeline to Townsville, Abbot Point (or Gladstone) for LNG and export into Asia. Other opportunities include: Sales into the Queensland pipeline grid Power Generation Industrial Usage Fertiliser & Explosives production Gas
Slide 18: Capital Structure & Work Program Post Acquisition
Capital Structure & Work Program Post Acquisition EXE: Shares on issue Post acquisition: 228 million Options 228 million Cash $ 5 million Stage 1 Work Programme from Funds on Hand: Drilling Minimum 3 cored & tested CSG/shale gas wells to gather gas content & permeability data. Each well would
Slide 19: Stage 2 Work Programmes
Stage 2 Work Programmes Stage 2 Work Programme: 12-15 Wells, 1-3 Pilots Results Driven, priority to achieve Gas Reserve Certification Funding from Farmout of selected areas: Potential $20m-$40m Capital Raising to focus on Pilots and Target Reserves 1-2 Tcf Completed Remaining Stage 2 Program
Slide 20: Highlights
Highlights EXE will have largest acreage in Galilee Basin EXE Galilee Basin permits have promise of multiple TCF projects CSG Companies have Large Exploration Programmes in Galilee over next 24 months to define reserves EXE has Gas Reserve potential from CSG in near term EXE has huge upsid
Slide 21: Disclaimer
Disclaimer The information presented herein contains predictions, estimates and other forward looking statements that are subject to risk factors that are associated with the oil and gas business. Certain information in this presentation has been derived from third parties and, although EXE has