Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — RIU Good Oil Conference 2019
19 slides from Synergia Energy's conference presentation, Sep 11, 2019
Slide 1: RIU Good Oil Conference
RIU Good Oil Conference DELIVERING ON THE PAST NEW AVENUES FOR THE FUTURE 11-12 September 2019
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 announcemen
Slide 3: Corporate Overview
Corporate Overview • ASX and AIM listed • ~63% of shares on AIM / ~90% of trading volume Financial Overview • Experienced Board and management Market Cap (A$m) 8-10 • Diverse institutional/retail shareholder base 52-week share price range (AIM) 0.2 – 1 cents • Strong technical and commercial experti
Slide 4: Our fundamental strategy is to…
Our fundamental strategy is to….. • Crystalize value of Cambay Basin Tight Gas Project…. • Rationalise historical international exploration assets….. • Build positions in proven Super Basins suitably accessible to a junior…. • Leveraging off access to advanced IP and technology to….. • Build a susta
Slide 5: Our Assets - India – Cambay Basin Tight Gas Project
Our Assets - India – Cambay Basin Tight Gas Project • Cambay PSC / Cambay Tight Gas Project – Oilex = (Operator 45%) – GSPC = (55%) • Significant tight gas potential established – 2C Contingent Resource of ~400 BCF (net to OEX)* • Previous wells lacked rigor in well design • 3rd party technical anal
Slide 6: India - Realizing Value of Cambay Tight Gas Project
India - Realizing Value of Cambay Tight Gas Project • To date disputes/execution issues have substantially impaired progress • These have also impaired ability to realize/eroded value potential • In spite of historical issues, project continues to attract interest from multiple parties seeking to se
Slide 7: What's next? – new building blocks for growth
What’s next? – new building blocks for growth While we dealt with Cambay delays, OEX also focussed on new opportunities: • Mature Super Basins with well understood geology as well as additional running room • Significant infrastructure with well established “open” access • Attractive fiscal terms, a
Slide 8: Why the Cooper Basin?
Why the Cooper Basin? • High exploration success rates • Clear low-cost development pathways • Introduction of proven technologies increases opportunities • Under explored – low exploration drilling density • Under developed - significant missed pay / low field development intensity • Ability to bui
Slide 9: Cooper Basin – the fundamentals
Cooper Basin – the fundamentals Australia’s premier onshore basin » Rated No.1 Super Basin for above ground development (IHS Markit) » South Australia rated best oil & gas jurisdiction in Southern Hemisphere (Fraser Institute) » Richest Australian Basin open file dataset (~3100 wells, >100 3D survey
Slide 10: Continued Success Attests to the Potential in the Basin
Continued Success Attests to the Potential in the Basin SADEM 2016 Map – Discoveries 2013 to 2016 Highlighted SADEM 2019 Map –Discoveries 2017 to 2019 Highlighted Page 10
Slide 11: Cooper Basin – Jurassic Oil & Permian Wet Gas Focus
Cooper Basin – Jurassic Oil & Permian Wet Gas Focus Key play fairways being targeted by OEX: South West Queensland Wet Gas Fairway • Northern Flank Oil & Wet Gas Northern Flank Oil & Wet Gas Fairway Fairway PEL444 • SW Western Flank Oil & Wet Gas Fairway • SW Queensland Wet Gas Fairway PEL112 SW Ext
Slide 12: Jurassic Oil - Western Flank
Jurassic Oil - Western Flank • Western Flank success well understood technically • Permian oil migrating updip into subtle Jurassic traps • Play fairway unlocked by 3D seismic to identify subtle and stratigraphic traps • With proximity to known source Permian pods • Understanding migration PEL 512 p
Slide 13: Permian Wet Gas – new plays, discoveries
Permian Wet Gas – new plays, discoveries • Known gas play fairways deliver very high chance of success • Super-rich source rocks with short migration and in situ accumulations • Seismic capability to distinguish sands from coals allows focus on sand prone areas • Targeting combination structural str
Slide 14: Northern Flank Oil & Wet Gas Fairway
Northern Flank Oil & Wet Gas Fairway • Established play fairway covering both Jurassic Oil and Permian Wet Gas • Existing structural discoveries with significant stratigraphic play potential • Jurassic Oil play is most likely to be in Namur and Birkhead Channels • Triassic Oil and Wet Gas potential
Slide 15: SW Extension of Western Flank Oil & Wet Gas Fairway
SW Extension of Western Flank Oil & Wet Gas Fairway • Play fairway covers mainly Jurassic Oil with some Permian Wet Gas potential inside Permian Edge • Significant amount of acreage already fully covered with modern 3D • Jurassic Oil play is most likely to be in Hutton and Namur with some Birkhead C
Slide 16: South West Queensland Wet Gas Fairway
South West Queensland Wet Gas Fairway • World class source rock in the Permian • Proven high exploration success rates South West Queensland Wet Gas Fairway Focus Acreage with proven play fairways in the Toolachee and Patchawarra Formations Marengo Clinton • Targeting structural/stratigraphic traps
Slide 17: Why the UK Offshore?
Why the UK Offshore? • Enormously rich source rocks for oil and gas have underwritten a major global business over last 50 years • Remaining potential up to 20 billion BOE • 7,800 wells drilled, more than 250 subsea systems & 20,000 km pipelines in place • Broad variety of play types, in multiple ba
Slide 18: Evolving Corporate Structure to Align with Shareholders
Evolving Corporate Structure to Align with Shareholders • Evolve corporate structure to align assets with shareholder/capital market appetite and value • Potential for the Company to have assets in three geographic areas • Different levels of individual shareholder interest and alignment with assets
Slide 19: Our fundamental strategy is to…
Our fundamental strategy is to….. • Crystalize value of Cambay Basin Tight Gas Project…. • Rationalise historical international exploration assets….. • Build positions in proven Super Basins suitably accessible to a junior…. • Leveraging off access to advanced IP and technology to….. • Build sustain