H3 Energy Limited · ASX:H3E
H3 Energy — Whitebark Energy — Good Oil Conference 2017
18 slides from H3 Energy's conference presentation, Sep 14, 2017
Slide 1: Good Oil Conference 2017
Good Oil Conference 2017 WBE - ASX’s Newest Oil & Gas Producer
Slide 2: Disclaimer
DISCLAIMER No representation or warranty, expressed or implied, is made by Whitebark Energy Ltd that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, Whitebark Energy, their officers, employees and advisers
Slide 3: Strategy: growing a production base with high impact exploration
STRATEGY Growing a production base with exposure to high impact exploration opportunities. 3
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Issued Capital WBE Share price YTD 2017 ASX Code WBE Shares on issue 835.2m Options 112.7m Share Price $0.009 Cash (@ 30 June 2017) $4.8m 52 week trading range 0.7c – 1.3c Market Capitalisation $7.5m Shareholders Board & Management 28.98% Top 20 46.14% 28.98 WBE Shareholder Breakd
Slide 5: WBE: ASX's Newest Oil and Gas Producer
WBE : ASX’S NEWEST OIL AND GAS PRODUCER Whitebark Energy Limited : (ASX : WBE) • Production with identified upside in Canada; Acquired a 20% working interest in Point Loma Resources’ (TSX : PLX) production and exploration assets in Alberta, Canada1. Production circa 900boepd (gross) at the effec
Slide 6: Alberta, Canada – A Premier Address
ALBERTA, CANADA – A PREMIER ADDRESS • Proven, prolific hydrocarbon basin - 3.3 million bopd and 11Bcf/d. • 200 rigs operating (3,500 wells/yr) + 1,250,000hp frac pumps. • Supportive government and community. • Attractive regulatory and fiscal regime. Copyright 2002 PennWell MAPSearch • Underutilised
Slide 7: Point Loma Acquisition Details
POINT LOMA ACQUISITION DETAILS • Whitebark has acquired a 20% working interest in Point Loma Resources’ land, property, equipment and production facilities for A$4.2 million. • 210,000 net acre portfolio – 42,000 acres net to Whitebark. • Production at acquisition of 900 boe/d (25% liquids). • 65 pr
Slide 8: Drilling Opportunities - Multiple Zone Oil Pools and Gas Fields
DRILLING OPPORTUNITIES - MULTIPLE ZONE OIL POOLS AND GAS FIELDS Low cost horizontal wells lifting the performance of proven conventional plays. Drill, complete and 15 stage frac – $1.5m (+ tie in – site specific). ••• •• Production rates increasing from 100boe/d to 200+boe/d, EUR 260mboe / wel
Slide 9: Paddle River Production Project 2017
PADDLE RIVER PRODUCTION PROJECT 2017 Four opportunities in one, repeatable throughout 210,000 acre land position. • Acquired stranded oil wells • Added Reserves: >1 mmbbls • Reactivate wells (Sept) • Higher Production: + 400bopd • Drill well (20th Sept) • Reduce OPEX: $7/boe • Upgrade and optimise f
Slide 10: Thorsby Project – Well Spud 8th Sept
THORSBY PROJECT – WELL SPUD 8TH SEPT • Well spud 8th Sept 2017 targeting the Sparky formation. • 1600m tvd with 900m horizontal leg. • Drilling, completion and 13 stage frac – $1.5m. • Pipeline and surface infrastructure $500k. • Re-activation of a stranded well on the same pad will produce into the
Slide 11: Gas Facility and Infrastructure
GAS FACILITY AND INFRASTRUCTURE Opportunity to leverage off owned infrastructure to optimise field performance, acquire additional stranded production and generate third party revenue through tolls. Whitecourt Gas Plant • Name Plate Capacity 60 mmcf/d. • Current throughput 11mmcf/d. • Toll productio
Slide 12: Canada - Summary
CANADA - SUMMARY Leverage Shareholder Production Growth Reduce Opex Infrastructure Value Whitebark Steps to Success 12
Slide 13: 160MMbbls Xanadu JV – Perth Basin WA
160MMBBLS XANADU JV – PERTH BASIN WA • Spud 4 September 2017. • Un-risked prospective recoverable resource of 160mmbbls (Refer Table 1). • Situated in a proven hydrocarbon ‘fairway’. • Low cost exploration - prospect can be drilled from onshore. • Close to existing infrastructure for commercialisati
Slide 14: Alcoa JV - 1.5Tcf Warro Gas Field – Perth Basin WA
ALCOA JV - 1.5TCF WARRO GAS FIELD – PERTH BASIN WA The largest undeveloped onshore gas field in Australia • Warro is a tight gas field with a Contingent Resource of 1.5Tcf and Recoverable Prospective Resource of ~2.3Tcf. • WBE holds a 35%-57% interest. • In 2008, Alcoa entered into a $100m staged fa
Slide 15: WBE Work Program - 2017
WBE WORK PROGRAM - 2017 Q3 Q4 Development Wells and Re-Activation of Wells Exploration Acquisitions Unlocking Stranded Production Developing a portfolio which encompasses an expanding production base with high impact exploration opportunities. 15
Slide 16: Whitebark – Growing Oil & Gas Producer
WHITEBARK – GROWING OIL & GAS PRODUCER • Production with material upside in Canada. • Low drilling cost, fast approvals, existing infrastructure. • Objective to double production within 12 months. • Leveraging infrastructure by unlocking stranded production. • High impact exploration in Australia (X
Slide 17: References and Competency Statements
REFERENCES AND COMPETENCY STATEMENTS The Qualified Reserves and Resources Evaluator Statement – Salt Bush Energy Limited The information in this report that relates to the oil and gas reserves of Point Loma Resources Ltd was compiled by technical employees of McDaniel and Associates Ltd a leading in
Slide 18: Thank you
Thank you David Messina Managing Director E: [email protected]