Emperor Energy Ltd · ASX:EMP
Emperor Energy — Investor Presentation (March 2020)
22 slides from Emperor Energy's investor presentation, March 2020
Slide 1: Investor Presentation March 2020
(ASX: EMP) I nv es t o r Pres ent at i o n Mar c h 20 20
Slide 2: Disclaimer
Disclaimer This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Emperor Energy Limited ABN 56 006 024 764 (ASX: EMP). The material provided to you does not constitute an invitation, solicitation, recommendation or a
Slide 3: Highlights
Highlights § Operator & 100% owner of Judith Gas Field (EP Vic/P47), Gippsland Basin - 200km east of Melbourne § Independent Resource Statement completed by 3D-Geo in July 2019: § 2C Contingent Resource (Gas Sales) - 150 Bcf § P50 Unrisked Prospective Resource (Gas Sales) - 1.226 Tcf § MOU with APA
Slide 4: Corporate Snapshot
Corporate Snapshot Phil McNamara § 37 years in the resource industry Corporate Details: Director § Former CEO and Managing Director, Amour Energy ASX: AJQ ASX code EMP § Former Managing Director Waratah Coal Shares on issue 81.5M § Qualified Mining Engineer Options on issue (ASX: EMPOC) 44M Malcolm
Slide 5: Gippsland Basin - Premier Hydrocarbon Province
Gippsland Basin - Premier Hydrocarbon Province § Operators include Esso/BHP, Seven Group, 3D- Oil and Cooper Energy § Esso/BHP spent over $5.5 billion developing Kipper – Tuna – Turrum gas project adjacent to VIC P47 § Recent development of Sole Gas Field by Cooper Energy § Over 400 exploration well
Slide 6: Gippsland Basin Current and Potential Future Developments - Field Size
Gippsland Basin Current and Potential Future Developments - Field Size Production Licence Reserve / Resource Estimated Initial Source Field / Permit Operator Category Resource (Bcf) Reference Judith VicP47 Emperor 2C Contingent 150 1 Judith VicP47 Emperor P50 Prospective 1226 1 Sole Vic/L32 Cooper 2
Slide 7: Judith Gas Field Project – EP Vic/P47
Judith Gas Field Project – EP Vic/P47 § 202 km² permit renewed for 5 years in 2018 § 2 km north of the producing Kipper Gas Field developed by Esso / BHP Petroleum § Two-gas discovery wells drilled within the permit: § Judith-1 drilled by Shell in 1989 § Moby-1 drilled by Bass Strait Oil in 2004 § S
Slide 8: APA Group (ASX: APA) MOU
APA Group (ASX: APA) MOU § Scope and commercial framework for the provision of midstream infrastructure and services § Scope of work agreed for pre-Front End Engineering Design (FEED) § Pre-FEED study expected to commence Q2 2020 § FEED scope of works to be included in an early works agreement that
Slide 9: Proximity of Other Gas Fields
Proximity of Other Gas Fields Gas Field Patricia / Moby Oil Field Baleen Greater Judith Northern Terrace Vic/P47 Longtom SE Longtom Strzeleck i Greater Judith Ros eda le F Judith-1 ault Top Emperor Gas Sands Regional Depth Map Contour Interval: 25 m Tuna 9 Kipper Top Judith Gas Sand 1 Depth Map Cont
Slide 10: Greater Judith Structure Showing Surrounding Wells
Greater Judith Structure Showing Surrounding Wells 10 Judith Gas Sand 1 Depth Model from Longtom Gas Field to the Greater Judith Structure 10
Slide 11: Longtom Analogue
Longtom Analogue Well correlation between Longtom Wells and Judith-1 suggests potential for additional reservoir development below Total Depth (TD) of Judith-1 This includes the interval that flowed at 13.6 MMscf/d from DST-1 at Longtom-2 21
Slide 12: Judith Structure Depth Map
Judith Structure Depth Map 12 Top Emperor Gas Sands interpreted and mapped from reprocessed 3D seismic data within Vic/P47 showing location of Judith-1 drilled close to gas water contacts and significantly down-dip from structural crest. 11
Slide 13: Static Model
Static Model 13 Greater Judith Prospect 3D Structural Model showing the structural framework (horizons and faults) 3D-Geo 12
Slide 14: Static Model - Vic/P47 Volumetrics Summary
Static Model - Vic/P47 Volumetrics Summary Summary of Contingent and Prospective Resources for the Judith Gas Field in VIC/P47 (3D Geo, July 2019) Judith Gas Discovery Contingent Resources Low 1C Best 2C High 3C GIIP Bcf 180 278 386 Sales gas Bcf 97 150 209 Condensate MMbbl 1.4 2.2 3.2 Judith Gas Di
Slide 15: Gas Production 4 Well Simulation
Gas Production 4 Well Simulation Greater Judith 4 Well Dynamic Model of Emperor Gas Sands showing suggested fault-controlled compartments 14
Slide 16: Immediate Value Drivers
Immediate Value Drivers 1. Advance and secure a project partner to fund drilling 2. Negotiate a binding contract with APA for the completion of pre-FEED study 3. Commence Pre-FEED study Q2 4. Undertake engineering work for design of well 5. Secure environmental and drilling approvals Q3 Q4 16
Slide 17: Contact Details
Contact Details Office Address: Level 32, 1 Market St, Sydney NSW Australia 2000 Phone: +61 2 9275 8878 Email: [email protected] Website: www.emperorenergy.com.au Share Registry: Automic (Sydney) 17 Twitter: @emperor_energy 17
Slide 18: Appendix 1: Petro-physics Study
Appendix 1: Petro-physics Study § Net Reservoir Thickness of 234m § Four (4) reservoirs § Net gas pay (in gas sands) of 162m § Average Porosity in gas pay reservoirs of 13 - 14.9% § Average Permeabilities in gas pay reservoirs of 0.7 - 1.9 millidarcies (md) § Average Gas Saturations for gas sands va
Slide 19: Appendix 2: Judith Gas Field Dynamic Modelling
Appendix 2: Judith Gas Field Dynamic Modelling § Static geological model developed using Schlumberger’s Petrel software for Judith 1 and greater Judith Structure § To confirm well productivity and gas production forecasts, 3D-GEO then developed a Dynamic Reservoir Model using Schlumberger’s Eclipse
Slide 20: Appendix 3: Canning Basin, Western Australia Backreef Block
Appendix 3: Canning Basin, Western Australia Backreef Block § EMP owns 100% of the Backreef Block and is Operator § Backreef-1 was drilled in October 2010 to a depth of 1800m § Oil was discovered in porous and permeable Laurel dolomites § Production tests confirmed the discovery as non-commercial -
Slide 21: Appendix 4: Canning Basin, Western Australia Backreef Block
Appendix 4: Canning Basin, Western Australia Backreef Block 23
Slide 22: Appendices 7: Source References
Appendices 7: Source References Emperor Energy 1 Emperor Energy Limited (2019): Independent resource statement - Judith Gas Field, offshore Gippsland Basin, Victoria, 100% Emperor owned, 11 July 2019. ASX market announcement. Available at https://emperorenergy.com.au/wp-content/uploads/2019/07/11-Ju