Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Investor Presentation (February 2015)
21 slides from Synergia Energy's investor presentation, February 2015
Slide 1: Value focused, Methodical delivery
Value focused Methodical delivery ASX / AIM: OEX February 2015
Slide 2: Important Information Disclaimer
Important Information Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis that none of the Company Directors nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advi
Slide 3: Highlights: Foundations for value and growth
Highlights: Foundations for value and growth Oilex has a diversified oil and gas portfolio, is focused on countries adjacent to the Indian Ocean Rim having proven onshore hydrocarbon provinces. \ Strategy • Becoming a leading onshore “tight” oil and gas producer in India • Generation of sustainable
Slide 4: Company Profile: ASX / AIM: OEX
Company Profile: ASX / AIM: OEX ASX 12 month share price performance versus peers Oilex is listed on ASX and AIM ASX AIM 80 70 Geographic dispersion 60 Share price (as at 3/02/15) 4.0¢ 1.8p % IC 50 40 Market capitalisation $27m £12m 30 20 Ordinary shares 678 million 10 Listed Options 189 million Aus
Slide 5: Transition: Moving to sustainable production and cashflow
Transition: Moving to sustainable production and cashflow \ Indian Ocean Rim focus • Onshore tight reservoir plays – applying proven technology from US shale industry \ India • Targeting cash neutral operations1 in India in H2 2015 – average boe 340 bbls/day gross • Cambay (45% interest) − 75MMboe n
Slide 6: Oilex in India: A compelling proposition
Oilex in India: A compelling proposition Investment Highlights Highly conducive energy market fundamentals in Gujarat, strong gas Strong Domestic demand for power generation and industrial uses, competing with P Economy predominantly imported LNG Supportive Strong support for Oilex and its Cambay pr
Slide 7: India: Macro settings for continued growth
India: Macro settings for continued growth \ India is world’s fifth largest energy consumer with a significant unsatisfied gas demand and associated high sustainable gas prices. \ Gas demand remains strong, Gujarat State with gas fired power stations running at less than capacity and strong competit
Slide 8: Cambay Field: Highlights
Cambay Field: Highlights \ Field resource ~ 167MM Boe • Independently Certified 2C by NSAI • 50% liquids, 50% gas Cambay Field \ Acreage • Cambay Basin: large oil province • Cambay Field: 161 km² (40,000 acres) • Multiple productive reservoirs \ Commercial Environment • Significant gas demand within
Slide 9: Cambay Field: Proven oil and gas
Cambay Field: Proven oil and gas \ Geology proven to deliver Cambay-11 Y – flowed trace oil and gas Cambay-76H Cambay-63 • 2,800m of prospective Cambay-05 X – 0.20 MMscfgd + 157 bcpd Y – produced little oil section Y – 4.1 MMscfgd + 170 bcpd Cambay-20 • 38 wells penetrated the Cambay-77H Y – 3.8 MMs
Slide 10: Cambay Field: Substantial upside in four deeper zones
Cambay Field: Substantial upside in four deeper zones \ Additional potential independently assessed by NSAI \ Undiscovered P50 gross in-place volumes • Gas: 12.6 Tcf • Liquids: 11.6 Bn bbls \ Unrisked P50 gross prospective resources • Gas: 934 BCF • Liquids: 140 MMbbls • Certified by NSAI Cambay Fie
Slide 11: Cambay-77H: Proof of concept achieved
Cambay-77H: Proof of concept achieved \ Drilling operations • Efficient drilling operations • Repeatability of directional drilling capability \ Y zone reservoir • Hydrocarbon saturated and no free water observed to date • Properties are laterally consistent \ Fracture treatments • Successfully perf
Slide 12: Cambay Comparison: Range Resources
Cambay Comparison: Range Resources (NYSE: RRC) \ The experience of others helps shorten the learning curve \ The progress at Cambay Field compares favourably to other’s experiences in a new basin \ Range Resources Corporation ((NYSE: RRC) “Range Resources”) was the early mover in the Marcellus Field
Slide 13: Cambay: Independent resource estimate (NSAI)
Cambay: Independent resource estimate (NSAI) \ NSAI has been Unrisked Contingent Resource Estimates (near term production and cash) engaged to update Low (1C) Best (2C) High (3C) resource estimate Oil MMstb Gas BCF Oil Gas Oil MMstb Gas BCF \ Update will MMstb BCF integrate C-73 and Gross in place 8
Slide 14: India: 2015 Activities and goals
India: 2015 Activities and goals \ Targeting cash neutral operations1 in H2 2015 \ 2015 Cambay activities Cambay-73 gas sales agreement approved Cambay-77H gas sales agreement approved • Restart Cambay-73 & 77 production • 2 well firm campaign in 2015 − Longer laterals, more fracs with wider spaci
Slide 15: Australia: Canning Basin background
Australia: Canning Basin background \ Strategic rationale: Canning Basin • Adjacent to global resource centre − Significant energy demand • Infrastructure within acreage • Low-cost entry, concentrated prospectivity • Long-term growth potential and diversity \ Canning Basin acreage (~3 million acres)
Slide 16: Western Australia: A global resource centre
Western Australia: A global resource centre 16 @oilexltd
Slide 17: Canning Basin: Wallal Graben revealed by seismic
Canning Basin: Wallal Graben revealed by seismic \ Jump correlations with regional seismic data infer • A near-complete Ordovician sequence is preserved STP-EPA-0106 L12-08 • Possible thick Goldwyer Formation - primary source rock STP-EPA-0107 L12-09 • Potential for additional organic-rich formation
Slide 18: Wallal Graben: New gravity survey proves the story
Wallal Graben: New gravity survey proves the story \ Conducive to efficient exploration • ~15km wide • ~200km long within Oilex areas \ Prospectivity • Conventional and unconventional • Leads and prospects being compiled • Drilling in 2017 \ Infrastructure • Near ports • Proximal to large gas consum
Slide 19: Oilex: Investment opportunity
Oilex: Investment opportunity \ India – Strategic focus • Production, cash flow and reserves to increase • Targeting cash neutral operations1 in 2015 • Operating in a strong domestic economy \ Cambay operations • Multi-well drilling campaign in 2015 • Longer horizontals & target reduced costs • Comm
Slide 20: Company Profile: Board and Management Team
Company Profile: Board and Management Team Max Cozijn Ron Miller Non-Executive Chairman. Managing Director. Over 32 years experience in Management & Engineering. 38 years of administration of listed experience in the international oil & gas companies. industry. Sundeep Bhandari Chris Bath Vice Chair
Slide 21: www.oilex.com.au
www.oilex.com.au Phone: +61 8 9485 3200 Email: [email protected] Twitter: @oilexltd LinkedIn