Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — PESA Deal Day – Melbourne 2015
14 slides from Synergia Energy's conference presentation, 2015
Slide 1: The Prospectivity of the Wallal Graben
THE PROSPECTIVITY OF THE WALLAL GRABEN A UNIQUE CANNING BASIN OPPORTUNITY PESA Deal Day – Melbourne 2015
Slide 2: Introduction: Opportunity Identification
INTRODUCTION OPPORTUNITY IDENTIFICATION Oilex has identified a deep, undrilled half graben in an overlooked area of the Canning Basin • SPA 17 AO awarded over area of potential half graben extension • Adjacent gazettal blocks to capture entire play fairway awarded Canning Basin 2D seismic data clear
Slide 3: Wallal Graben: Seismic Data Tells the Story
WALLAL GRABEN SEISMIC DATA TELLS THE STORY ~5km ~20km ~200km Jump correlations with regional seismic infer: • A near complete Ordovician sequence is preserved • Possible organic-rich Goldwyer and Bongabinni Formations present Depth to Basement Narrow half graben Extends inland • Numerous play-types
Slide 4: Gravity Gradiometry/Magnetic Survey
GRAVITY GRADIOMETRY/MAGNETIC SURVEY RESULTS AND INTERPRETATION 4060 line-km of high resolution data acquired by CGG in 2014 Confirmed Wallal Graben extends into SPA area • ~200km long Series of grabens and half-grabens separated by structural highs Sufficient depth for hydrocarbon generation ~5km ~2
Slide 5: Magnetic Depth to Basement
MAGNETIC DEPTH TO BASEMENT PRESENT-DAY EXPRESSION Oakover River located in syncline axis • Long-lived feature Basement outcrops along edges • Surrounded by mining activity Sand dunes Note Oakover River (long-lived syncline) Pilbara Craton Gregory Range Present Day Terrain Magnetic Depth to Basement
Slide 6: Large Structural Closures
LARGE STRUCTURAL CLOSURES ONLY 20% OF WALLAL GRABEN IS COVERED BY SEISMIC DATA 105km2 Closures at multiple levels • Tilted fault blocks with overlying drape Structural closure Seismic line location Page 6
Slide 7: Extensive Fan Systems
EXTENSIVE FAN SYSTEMS CLEARLY-DEFINED SE NW Located along rift-bounding fault system • Individual fan packages ~ 400 m thick Fan A • Basal incision, differential compaction and internal channel bodies • 3 way dip-closure against basin margin fault (~20 km long) • Large stratigraphic upside Fan C Fan
Slide 8: Source Rocks: Ordovician Goldwyer Formation
SOURCE ROCKS ORDOVICIAN - GOLDWYER FM. Goldwyer Formation • >700m thick in nearby wells (150km) High concentrations of marine alga STP-EPA-0106 Gloeocapsomorpha Prisca STP-EPA-0107 • Excellent source rock potential This alga also abundant in the Amadeus, Baltic, Michigan–Illinois and Williston basin
Slide 9: Source Rocks: Ordovician Bongabinni Formation
SOURCE ROCKS ORDOVICIAN - BONGABINNI FM. black shales Areas of local subsidence during deposition (e.g. the Admiral Bay Fault Zone and possibly the Wallal Graben) • Facilitated a local system of restricted lagoons in which chemically-reduced/organic-rich sediments could accumulate High TOC values wi
Slide 10: Source Rock Maturity
SOURCE ROCK MATURITY BASIN MODELLING PROJECT Multiple source rocks modelled • Bongabinni and Goldwyer Formations Seismic line Seismic line location Sensitivity analysis conducted • Low, Most Likely and High cases simulated • All indicate mature source within graben Potentially significant petroleum
Slide 11: East Africa Rifts vs Wallal Graben
EAST AFRICA RIFTS VS WALLAL GRABEN ANALOGOUS PLAYTYPES Tullow Oil – significant success in East African rifts • Lake Albert Rift Basin – Uganda – > 1.1 Bbls discovered • South Lokichar Basin – Kenya – 7 wells = > 600 MMbbls ~10km South Lokichar Graben (Tullow) Comparable identified play-types 4km •
Slide 12: Unique Canning Basin Location
UNIQUE CANNING BASIN LOCATION ADJACENT TO GLOBAL RESOURCE CENTRE Adjacent to significant activity Access to infrastructure • Roads • Pipelines • Airstrips • Rail Numerous paths to commercialisation Access to potential markets • Surrounded by mining activity • LNG projects • Domestic gas obligation o
Slide 13: Opportunity Summary
OPPORTUNITY SUMMARY UNIQUE SITUATION IN CANNING BASIN Secure equity in a large, undrilled graben Entire play fairway captured ~3 million acres Play-rich • Deep half graben, large structures and fan geometries Conventional and Unconventional plays Source rocks interpreted to be oil/wet-gas mature Acc
Slide 14: The Prospectivity of the Wallal Graben
THE PROSPECTIVITY OF THE WALLAL GRABEN A UNIQUE CANNING BASIN OPPORTUNITY Contact – Pete Bekkers [email protected]