FINDER EXPLORATION. Good Oil Conference. Opportunity. Technology

Transcription

1 FINDER EXPLORATION Opportunity Technology Knowledge People Good Oil Conference 5 September 2012

2 Vision FIND OIL AND GAS Preparing to farmout and drill 3D supported prospects on the North West Shelf Finder Business 1. Who is Finder? 2. Upcoming drilling 3. What s new? 4. Summary Page 2

3 North West Shelf - 17 Permits Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Derby Broome Scarborough Jansz/ Io Rankin Trend Clio Gorgon Port Hedland Dampier with material participating interests Page 3

4 Carnarvon Basin - 6 Permits Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Scarborough WA-450-P 5% WA-445-P 100%* Jansz/ Io Clio WA-412-P 35% Rankin Trend Gorgon WA-418-P 35% L11-4/T %* WA-468-P 100%* Dampier Port Hedland Broome Carnarvon 3D seismic: WA-450-P** = Derby WA-418-P = ~1,519 km 2 WA-445-P** = WA-412-P** = ** denotes psdm processing Carnarvon Transactions: WA-450-P farmout WA418-P farmout WA-412-P farmin ~231 km 2 plus two 3D s!! ~500 km 2 (reprocessing) ~500 km 2 (reprocessing) Significant acreage spread within the Carnarvon heartland Page 4

5 Bedout Sub-basin - 4 Permits Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye WA-435-P 50%* WA-436-P 50%* Broome Derby Scarborough Jansz/ Io Clio Rankin Trend Gorgon Dampier WA-437-P 50%* Port Hedland WA-438-P 50%* Bedout 3D seismic: = ~1,100 km 2 Bedout Partner: Significant Bedout acreage holding with proven play types Page 5

6 Northern Browse Basin - 4 Permits AC/P 44 60%* AC/P %* Bayu/Undan Brecknock/ Calliance AC/P 52 55%* AC/P 45 60%* Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Scarborough Jansz/ Io Clio Rankin Trend Gorgon Dampier Port Hedland Broome Browse 3D seismic: Contiguous acreage holding in the Northern Browse Derby Cartier = ~864 km 2 Cartier West** = ~517 km 2 Tiffany** = ~731 km 2 ** denotes psdm processing Browse Transactions: AC/P 52 farmout AC/P 44 farmout AC/P 45 farmout Page 6

7 Bonaparte Basin - 2 Permits WA-446-P 100%* Bayu/Undan NT/P %* Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Derby Broome Scarborough Jansz/ Io Rankin Trend Clio Gorgon Port Hedland Dampier Seeking to farmout Bonaparte assets with operatorship re-focus south Page 7

8 Expertise Finder is a private oil and gas company with a North West Shelf exploration focus Over 100 years of expertise in global oil and gas exploration Jan Ostby Managing Director Dariusz Jablonski Exploration Manager Shane Westlake Technical Project Manager 30 years ex Fugro / Seismic Australia Craig Gumley Operations & JV Manager Don Pyke Commercial Manager 20 + years ex Woodside 11 years ex PGS 27 years ex Santos 18 years ex Fugro / Seismic Australia Senior staff have diverse & complementary range of backgrounds, skills & experiences Current staffing level of 11 (+ consultants) Page 9

9 Vision FIND OIL AND GAS Preparing to farmout and drill 3D supported prospects on the North West Shelf Finder Business 1. Who is Finder? 2. Upcoming drilling 3. What s new? 4. Summary Page 10

10 WA-450-P - Olympus spuds December 2012 Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Derby Broome Scarborough Jansz/ Io Rankin Trend WA-450-P: 75% and Operator WA-450-P 5% Clio Olympus Gorgon Dampier Port Hedland 20% 5% Page 11

11 WA-450-P - Olympus - Finder 5% Jansz/Io Wheatstone Rankin Trend Angel Oxfordian depth map looking north-east Clio Gorgon WA-450-P 5% Clio Gorgon Olympus Zola Dampier Zola Discovery Zeepard-1 80 km 2 Macedon WA-450-P Onslow Orcus psdm far stack 3D seismic arbitrary line Play rich block south of Clio and Gorgon DHI? Amplitude shutoff? Olympus is standout Triassic prospect 1.2 TCF highside OGIP over multiple levels, with amplitude support New 3D dataset SW Olympus Prospect NE Drill in December 2012!! Other prospectivity on block Page 12

12 WA-435-P &WA-437-P - South/Roc - closing farmout Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye WA-435-P 50%* Broome Derby Scarborough Jansz/ Io Clio Rankin Trend Gorgon WA-437-P 50%* Dampier Sth/ Roc Port Hedland Bedout Permits: 50% and Operator 50% with material participating interests Page 13

13 WA-435-P & WA-437-P - South/Roc - Finder 50% -2-1 Keraudren-1 WA-435-P 50%* Broome Not in closure -2-1 Roc Nebo Sth Roc South 12 km 2 Bewdy 81 km 2 WA-437-P 50%* 76 km 2 Bottler Port Hedland 11% Av Ф 10% Av Ф NW South Roc Better Reservoir Development 15% AvФ SE D/2D seismic data courtesy of Fugro 3D visualisation of the 3D seismic survey Near top gas (241T) depth surface Farmout due for completion end Sept. 3D QI used identify reservoir sweet spots Proven Triassic gas resource with 870 BCF highside OGIP South (~5.5 TCF) + Roc (~5.5 TCF) Drill in 2013? Other prospectivity on block Page 14

14 AC/P 52 - Cronus - offers due mid September Bayu/Undan Brecknock/ Calliance AC/P 52 55%* Poseidon Torosa Cronus Ichthys Troughton Is. Petrel Wadeye Derby Broome Scarborough Jansz/ Io Rankin Trend Clio Gorgon Dampier Port Hedland AC/P 52: 55% and Operator 45% with material participating interest Page 15

15 AC/P 52 - Cronus - Finder 55% Cash/ Maple 3D = ~517 km 2 psdm Puffin Skua 140 km 2 AC/P 52 55%* Crux Cronus Poseidon Concerto/ Prelude Cornea Torosa Ichthys 3D visualisation of Oxfordian (Jurassic) depth surface NW 2,000 m 3,000 m Cronus Top Plover (JO) 4,000 m Base Regional Seal (JK) 5,000 m Regional psdm tie line Cronus to SE Top Jamieson (KC) Field Farmin dataroom closed Low risk drill ready opportunity - highside confirmed by psdm! Cronus Jurassic/Triassic gas prospect with 7.8 TCF highside OGIP mmbc Drill in 2013/2014? Other prospectivity on block Page 16

16 AC/P 45 & 55 - Zeta - dataroom opens October 12 AC/P %* Bayu/Undan Zeta Brecknock/ Calliance Poseidon Torosa Ichthys AC/P 45 60%* Troughton Is. Petrel Wadeye Derby Broome Scarborough Jansz/ Io Rankin Trend AC/P 45: 60% and Operator Clio Gorgon Port Hedland 40% Dampier AC/P 55: 100% and Operator with material participating interests Page 17

17 AC/P 45 & 55 - Zeta - Finder 60% AC/P 55 North 0 km 50 Cracker Bonza Cronus Sphinx AC/P 52 Sphinx Sth Chiron Cyclopes AC/P 44 Leviathan Omega Abalone-1 Nu Abalone Deep-1 Eta Gamma Omicron Theta Mu Rho Greater Zeta Iota Lambda AC/P 45 Alpha Epsilon Sigma Nth Sigma Kappa Zeta Keeling Fields Puffin Skua Gas Oil Puffin L. Cretaceous Plover Swan Prospects & Leads Oliver Fm Triassic Permian JO TR W Zeta Permian Gas Triassic Permian Carboniferous & Older parallel substrate E 3D pstm inline 1196 courtesy of Fugro 387 km 2 N Zeta Permian Gas Top Dombey TWT 3D visualisation Cartier 3D Cartier MC3D viz Zeta Prospect 8.9 TCF highside OGIP (~387 km 2 ) in 90 metres H 2 O + others Drill in 2013/14? Belize patch reefs Page 18

18 AC/P 45 - Alpha - Finder 60% AC/P 55 Delta-1 North 0 km 50 Cracker Bonza Alpha prospect Greater Zeta Sphinx Cronus Chiron AC/P 44 Leviathan Omega Nu Eta Theta Mu Gamma Omicron Rho Iota Lambda AC/P 45 or Alpha!! Alpha Epsilon Sigma Nth Sigma Kappa Zeta Keeling Fields Puffin Skua Gas Swan Puffin targets 56T T 67T AC/P 52 Sphinx Sth Cyclopes Abalone-1 Abalone Deep-1 Oil Prospects & Leads Oliver Fm Puffin L. Cretaceous Plover Triassic Permian JO SW Triassic target 68T KC NE pstm 3D seismic arbitrary line data courtesy of Fugro 67T Puffin 3D Depth Structure Map 29 km 2 no closure to southeast Epsilon Alpha to Delta-1 40 km 2 Alpha Prospect 130 metres H 2 O ~460 mmbbls Triassic highside OOIP & ~200 mmbbls 67T Puffin target + 6 other P&Ls Drill in 2013/14? Page 19

19 Vision FIND OIL AND GAS Preparing to farmout and drill 3D supported prospects on the North West Shelf Finder Business 1. Who is Finder? 2. Upcoming drilling 3. What s new? 4. Summary Page 20

20 WA-412-P Finder farmin Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Derby WA-412-P 35% Broome Scarborough Jansz/ Io Rankin Trend Clio Gorgon Dampier Port Hedland WA-412-P: 65% and Operator 35% Finder s first farmin Page 21

21 WA-412-P Finder 35% Lead G WA-412-P 35% Nebo Mutineer/ Exeter Fletcher Tigger-1 Rankin Trend Wanaea Angel Amulet Fullswing-1 Lacerta-1 3D initial psdm viz of composite top reservoir Isopach thin identified from the isopach deeper events obscured by multiples on existing data Finder farmin effective 13 June 12 Maximising the potential of PROVEN plays through combining advances in processing and regional knowledge Lead G is a ~20 km 2 feature identified on Eaglehawk spill chain Drill in 2014? Page 22

22 L11-5 Canning Basin Finder moves onshore!! Bayu/Undan Brecknock/ Calliance Poseidon Torosa Ichthys Troughton Is. Petrel Wadeye Derby Scarborough Jansz/ Io Rankin Trend Broome L %* Clio Gorgon Dampier Port Hedland L11-5 (pending Native Title negotiations): 100% and Operator New acreage acquisition Page 23

23 L11-5 Finder to be 100% Nita Fm. Vuggy porosity and black shales Bongabinni Fm. high TOC shale Partially filled with Quartz vertical fracture- evidence of hydrothermal activity Vuggy Lmst Liquids rich shale play (Bakken analogue) plus conventional targets ~4,610 km 2 onshore Canning Basin between Buru Energy/Mitsubishi and New Standard Energy/ConocoPhillips acreage Permit award following Native Title negotiations Two Year commitment work program (220 km 2D seismic + 3 wells) Initial focus in west of Permit best rocks and access! Page 24

24 Vision FIND OIL AND GAS Preparing to farmout and drill 3D supported prospects on the North West Shelf Finder Business 1. Who is Finder? 2. Upcoming drilling 3. What s new? 4. Summary Page 25

25 Finder - realising the vision FIND OIL AND GAS through drilling Prospect Permit Drill Date Olympus WA-450-P Dec. 12 South WA-435-P 2013? Roc WA-437-P 2013?? Cronus AC/P /2014? Zeta &/or Alpha AC/P 45 & 55 or 2013/2014? And more to come as they mature to drill-ready!!!! Page 26

26 Finder Contact Details For further information on this presentation please contact: Craig M. Gumley Operations & Joint Venture Manager Phone: Fax: Website: Visit: 9 Richardson Street West Perth WA 6005 Don Pyke Commercial Manager d.pyke@finderexp.com Phone: Fax: The information, statements, opinions, data or other material ( Information ) contained within this document has been prepared by Finder Exploration Pty Ltd ( Finder ) with reasonable care and no representation, warranty, or undertaking, express or implied, is made by Finder in relation to the adequacy, accuracy, completeness, correctness, fairness or usefulness of the Information disclosed herein. Use of the Information shall be at a third parties own risk and third parties should undertake their own independent assessment of the Information and verify all information upon which it intends to rely, to its own satisfaction. Finder accepts no responsibility or liability for any errors or omissions from the Information, however caused. Page 27