Transerv from. Alberta HIGHLIGHTS. January 31, per. optimum appraisal strategy for early. for the sale. and farm-in. and Rock per cent). projects.

Size: px
Start display at page:

Download "Transerv from. Alberta HIGHLIGHTS. January 31, per. optimum appraisal strategy for early. for the sale. and farm-in. and Rock per cent). projects."

Transcription

1 ABN January 31, 2012 December 2011 Quarterly Report Transerv to receivee substantial cash return from initial Duvernay and Rock Creek deals HIGHLIGHTS Transerv to receive C$6.8m for its share of the sale and farm-in the Duvernay and Rock Creek fairway f as agreement executed over an 80 per cent interest in 30 sections (19,200 acres) in announced in December 2011 (Duverna ay Joint Venture DJV) Acquisition of further land (4.5 sections) with DJV Second Duvernay acreage sale announced in January 2012 Technical review of the Warro gas field in WA underway with a view to devising the optimum appraisal strategy Carnaby Operations underway- production on line and workover wells planned for early 2012 Additional lands acquired in Alberta in Genesee area Alberta In December 2011, the Company and its Albertaa Joint Venture (AJV) partners signedd a letter of intent (LOI) for the sale and farm-in agreementt on 30 of the 141 land sections held in its Duvernay Shale and Rock Creek acreage (TSV 34 per cent). The LOI and subsequent formal agreement were signed with a well-credentialed Calgary petroleum exploration and production company. Importantly this transaction provides the AJV partners with an industry-experienced partner and strong capital support to develop the Duvernay D andd Rock Creek projects. The formal Asset Purchase and Sale Agreement (Agreement) was executed by the e parties on 10 January 2012, with settlement scheduled to take place on 31 January This transactionn provides a significant immediate cash injection of C$6.8m to Transerv and confirms the real value to the Joint Venture partners of their retained acreage in the Duvernay Shale fairway. Under the Agreement, the investor will acquire an 80 per cent interest in 30 sections (19, 200 acres) inn the Duvernay and Rock Creek fairway for a total of C$20 million in cash. The AJV partners will also be free-carried through the first two wells drilled on the Duvernay. The first is a vertical well to be drilled in 2012 at an estimated cost of C$5 million. The second well, an optional horizontal well, is to be drilled during the 2013 drilling season with the AJV A carried for the first C$15 million of expenditure. The AJV s total exposure to drilling costs is capped to $ 1m above C$ $15m on the horizontal well. In addition, the investor has agreed to fund its pro-rata 80 per cent share of a Rockk Creek horizontal well within two years of execution of the LOI or returnn the Rock Creek rights in the lands to the AJV. Under the DJV Agreement, the parties have acquired a further 4.5 sections of land inn a recent Government auction. These sectionss adjoin the 30 sections involved in the transaction. Following completion of the transaction, the AJVV will retain a 20 per cent interest in the 30 sections (19,200 acres) to be acquired by the investor and 100 per cent of the remaining 1111 sections (approximately 70,300 acres). The AJV partners are continuing to evaluate additional proposalss received onn other acreage through the process undertaken with Macquarie Tristone. Ground Flo or, 1292 H ay Street, West Perthh WA 6005 Ph: Fax: ranserv.co m.au

2 Transactionn Background Macquarie Tristone Canada was engaged in September by the AJV partners to evaluate the market and undertake a potential sale/farm-out process of the Duvernay Shale and Rock Creekk petroleum rights held within the AJV acreage. Macquarie Tristone fielded significant interest in the strategic Duvernay Shale acreage and the AJV partners will continue to consider and evaluate interest received on both the Duvernay and Rock Creek projects. Prior to the first transaction, the AJV had a total land holding within thee Duvernay Shale and Rock Creek fairway of grosss sections (36,231 hectares or 90,579 acres). The T Duvernay has hosted several liquids-rich shale gas discoveries in the region in recent months, resulting in a significantly increased level of activity and interest in the region. Other Alberta Activities (Geneseee Project) Transerv has continued to build a land position in Alberta outside of the Alberta Jointt Venture area. During November the company acquired 10,624 hectares over 45 sections and part sections in the Genesee area as part of a new joint venture project. The lands are in areas with production from multiple levels and Transerv has identified a number of shallow, by-passed pay opportunities which are expected to present low risk drilling locations during This work will probably be done in conjunction with otherr operators in the area. Warro Gas Project The Company commenced a thorough technical review of the results of the Warro-4 well following completion of the testing program during the December quarter. This process is aimed at devising a plan for the next stage of the appraisal program with the results and recommendations expected early While Warro-4 succeeded in confirming the existence of a substantial gas columnn and generated a gas flow from the tight sand reservoir following fracture stimulation, further considerationc n needs to be given to the optimal well design and stimulation technique to maximise the gas flow ratess while managing any associated water flows. The technical review process involves a team of US-based tight gas specialists who have been asked to devise the next steps for the field appraisal and recommend appropriate drilling and fraccing techniques for future Warro wells. Transerv considers the presence of extraneous water a technical challenge that solution with respect to the design of future wellss and stimulation programs. will require a tailored Under the farm-in agreement with Alcoa, up to five appraisal wells can be drilled at Warro. The number of wells contemplated in the farm-in agreement reflects extensive US experience in appraising and developing tight gas and other unconventional fields. Thesee generally require r a multi-well program and a rigorous technical approach to establish the bestt techniques for producing the gas at t commercial rates. The Warro Project achieved a number of significant milestones in 2011: The Warro-4 well confirmed the reservoir structure and was drilled on time and within budget The revised well design results in a gun barrel hole that enabled the recording of high-quality A substantial gas column was confirmedd by the high-quality LWDD log data log information and resulted in the t successful placement of two largee slickwater fracs Testing confirmed the target reservoirs are gas bearing and capable of producing gas 3D seismic has been recorded over thee field and provided a high-fidelity picture of the sub-surface configuration of the reservoir section andd will be a valuable tool to t assist withh the selection of future well locations All of the above operations have beenn carried out safely and in an environmentally responsible r manner. The results from Warro-producing gas and combined with the 3D seismic data, show that parts of the field contain and Warro-4 confirmedd all the reservoir zones to be not only gas-bearing but also capable of natural fractures that are believed to be the conduits for the water present in the well bore. The technical review by US specialists will enable the Warro partners to determine what further field work is appropriate. Drilling can not resume until thee second-half of 2012 because b there is no rig presently operating in the Perth Basin, although a number of industry initiatives are underwayy to bring a rig r in to the State. w ww.transerv.com.au Page 2 of 3

3 Warro Project Background The Warro field lies 200km north of Perth in the Perth Basin and is one of o the largestt undeveloped onshore gas fields in Australia. Warro has been estimated by independent experts Gaffneyy Cline to contain a 2C recoverablee resource of 1.1Tcf (trillion cubic feet). Transerv has a 35 per cent stake in Warro andd is the project operator. Alcoa is earning the remaining 65 per cent stake under a farm-in agreement, in which Alcoa will spend up to $100 million on exploration and development at Warro. Alcoa will fund a staged evaluation and construction program, which includes drilling wells, constructing production infrastructure and the recently completed 3D seismic survey. Warro, which covers 7,,000ha and starts from about 3,750m below surface, is located just 31km east of both the Dampier-to-Bunbury Natural Gas Pipeline and the Dongara-to-Perth of which approximately 25% was comprised Parmelia Pipeline. Alcoa has substantial capacity reserved in the Dampier line. Carnaby Operations Update During the 4 th quarter, Carnaby production averaged 240boe/d of oil. In December 2011, Carnaby carried out a well workover operation which w resulted in the production of uncommercial quantities of oil. The well has been suspended pending the results of further analysis. Carnaby was successful in recent land sales in the area and acquired 9 sections (2,355 hectares) adjacent to existing holdings. Further land acquisition activity is planned during During January 2012, Carnaby commenced operations on a 3 well workover programme. This work is aimed at establishing the potential of a range of bypassed, oil-prone, pay sections identified on electric logs. All the target sections are productive nearby and if successful, will lead to a number of follow-up development locations. Corporate Cash Position as at 31 December 2011 At the end of the December 2011 quarter, the company had a closing cash balance of $938,000. For and on behalf of the Board w ww.transerv.com.au Page 3 of 3

4

5

6

7

8

9

For personal use only

For personal use only Suite 2, 12 Parliament Place West Perth WA 6005 Ph: +618 9482 0510 Fax: +618 9482 0505 Email: info@emeraldoilandgas.com www.emeraldoilandgas.com 10 January, 2012 Centralised Company Announcements Platform

More information

WHL ENERGY SEPTEMBER 2011 QUARTERLY ACTIVITIES REPORT

WHL ENERGY SEPTEMBER 2011 QUARTERLY ACTIVITIES REPORT WHL Energy Ltd ABN: 25 113 326 524 Level 2, 22 Delhi St, West Perth, WA 6005 P.O. Box 1042, West Perth Western Australia 6872 T: +61 8 6500 0271 F: +61 8 9321 5212 www.whlenergy.com ASX/MEDIA RELEASE 31

More information

Summary. December 2015 Quarterly Report. Contact. Norwest Energy NL. 29 January 2016 ASX: NWE

Summary. December 2015 Quarterly Report. Contact. Norwest Energy NL. 29 January 2016 ASX: NWE ASX: NWE December 2015 Quarterly Report 29 January 2016 Summary Norwest continues to retain a large footprint in the northern Perth Basin, with a net acreage position of 3,100km 2, containing seven permits

More information

ISSUE 115 3rd April, 2013

ISSUE 115 3rd April, 2013 ISSUE 115 3rd April, 2013 1 Strike Energy (STX) Spec Buy around $0.115 An emerging petroleum play with high-profile exposures in the form of the Eagle Ford Shale in the USA, the Palta-1 exploration well

More information

* Excluding unspent cash deposited by the Company in Joint Venture accounts

* Excluding unspent cash deposited by the Company in Joint Venture accounts Quarterly Report For the period ended 30 September 2015 HIGHLIGHTS Closing cash of $6.2 million* Completion of MZ1 deep water exploration well offshore Morocco and postwell evaluation is underway ahead

More information

Norwest Energy NL. Northern Perth Basin Farm-In Opportunities. PESA Deal Day Brisbane - 2016. Shelley Robertson Asset Manager.

Norwest Energy NL. Northern Perth Basin Farm-In Opportunities. PESA Deal Day Brisbane - 2016. Shelley Robertson Asset Manager. Norwest Energy NL Northern Perth Basin Farm-In Opportunities PESA Deal Day Brisbane - 2016 Shelley Robertson Asset Manager 1 June 2016 Disclaimer The information contained in this Presentation or subsequently

More information

For personal use only

For personal use only COMPANY INFORMATION Verus Investments Limited ABN 59 009 575 035 INVESTMENTS Tunisia Chorbane Block Project (10% Working Interest) USA (72% Working Interest) Bullseye Project (10% Working Interest) ACTIVITIES

More information

ASX Announcement GOOD OIL CONFERENCE PRESENTATION OUR FOCUS. The Company Announcement Officer ASX Ltd via electronic lodgement COOPER BASIN

ASX Announcement GOOD OIL CONFERENCE PRESENTATION OUR FOCUS. The Company Announcement Officer ASX Ltd via electronic lodgement COOPER BASIN ASX Announcement Strike Energy Limited ABN 59 078 012 745 5 September 2012 The Company Announcement Officer ASX Ltd via electronic lodgement GOOD OIL CONFERENCE PRESENTATION OUR FOCUS COOPER BASIN Over

More information

INTERIM MANAGEMENT STATEMENT THIRD QUARTER 2015

INTERIM MANAGEMENT STATEMENT THIRD QUARTER 2015 19 November 2015 AMINEX PLC ( Aminex or the Company ) INTERIM MANAGEMENT STATEMENT THIRD QUARTER 2015 Aminex PLC ("Aminex" or the Group or the "Company"), an oil and gas company listed on the London and

More information

UNCONVENTIONAL HYDROCARBONS...

UNCONVENTIONAL HYDROCARBONS... UNCONVENTIONAL HYDROCARBONS... ... UNCONVENTIONAL THINKING RIVER OF SAND WARREGO: AN ABORIGINAL WORD MEANING RIVER OF SAND. A RIVER CLASS DESTROYER, BUILT IN SCOTLAND, AND SHIPPED TO AUSTRALIA, IN SECTIONS,

More information

QUARTERLY ACTIVITIES REPORT

QUARTERLY ACTIVITIES REPORT Q2 QUARTERLY ACTIVITIES REPORT WORK PROGRAM Commissioning of Linxing Production Station underway - Final installation of equipment and tie-in of the first phase of wells for the Linxing Central Gathering

More information

ASX ANNOUNCEMENT JUNE 2015 QUARTERLY REPORT 31 JULY 2015

ASX ANNOUNCEMENT JUNE 2015 QUARTERLY REPORT 31 JULY 2015 ASX ANNOUNCEMENT 31 JULY 2015 JUNE 2015 QUARTERLY REPORT The Directors of Odyssey Energy Limited ( Odyssey or Company ) are pleased to present the June 2015 ly report. Highlights during, and subsequent

More information

Building an Unconventional Gas Business in Australia:

Building an Unconventional Gas Business in Australia: Building an Unconventional Gas Business in Australia: AWE Strategy for the Perth Basin, WA DUG Conference, Brisbane, 2013 Disclaimer This presentation may contain forward looking statements that are subject

More information

SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING

SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING 18 th June 2013 SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING SBA joint venture partner KRX Energy Pte Ltd ( KRX ) secures fresh funding through proposed investment by Risco

More information

Compliance statements

Compliance statements UBS conference 18 June 2014 1 Compliance statements Disclaimer This presentation contains forward looking statements that are subject to risk factors associated with oil, gas, geothermal and related businesses.

More information

"Hot rock haven" leads renewable energy push

Hot rock haven leads renewable energy push ID 134452845 BRIEF SACOME_SA PAGE 1 of 6 "Hot rock haven" leads renewable energy push DANICA NEWNHAM ACCORDING to the Department of Resources, Energy and Tourism's Australian Petroleum Statistics, South

More information

PRESIDENT ENERGY PLC. ( President or the Company ) PARAGUAY UPDATE

PRESIDENT ENERGY PLC. ( President or the Company ) PARAGUAY UPDATE PRESIDENT ENERGY PLC ( President or the Company ) PARAGUAY UPDATE Highlights Lapacho well flows condensate and gas from the Santa Rosa Formation Management now have enough evidence to view commercialisation

More information

Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results

Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results June 17, 2016 Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results Calgary, Alberta Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial and operating results

More information

Crude Oil NGL Bitumen Natural Gas Total Area Interest Operator (MBD) (MBD) (MBD) (MMCFD) (MBOED)

Crude Oil NGL Bitumen Natural Gas Total Area Interest Operator (MBD) (MBD) (MBD) (MMCFD) (MBOED) Fact Sheet March 215 The company s Canadian operations are comprised primarily of natural gas fields in western Canada and oil sand projects in the Athabasca region of northeastern Alberta. Current investment

More information

Opportunity to acquire significant equity in a Liassic Gas Shale Play onshore South East France with a potential up to 85 TCF of IGIP

Opportunity to acquire significant equity in a Liassic Gas Shale Play onshore South East France with a potential up to 85 TCF of IGIP Opportunity to acquire significant equity in a Liassic Gas Shale Play onshore South East France with a potential up to 85 TCF of IGIP Montelimar Permit Total is planning to farm out up to 50% interest

More information

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million.

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million. Calgary, Alberta November 5, 2015 News Release: Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Nine Months-Ended September 30, 2015 and Provides Revised Guidance Trilogy

More information

March 2015 Quarterly Activity Report and Appendix 5B

March 2015 Quarterly Activity Report and Appendix 5B ABN 90 118 710 508 Ground Floor 1 Havelock Street West Perth WA 6000 t: +61 8 9488 5220 f: +61 8 324 2400 www.citation.net.au info@citation.net.au 30 April 2015 ASX Announcement March 2015 Quarterly Activity

More information

RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions

RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions NEWS RELEASE December 17, 2015 RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP) is pleased

More information

PRESIDENT ENERGY PLC. ( President or the Company ) OIL DISCOVERY IN PARAGUAYAN CHACO

PRESIDENT ENERGY PLC. ( President or the Company ) OIL DISCOVERY IN PARAGUAYAN CHACO 20 October 2014 PRESIDENT ENERGY PLC ( President or the Company ) OIL DISCOVERY IN PARAGUAYAN CHACO President Energy announces an update on its Lapacho well, Pirity Concession, Paraguayan Chaco (President

More information

Runnels County, Texas

Runnels County, Texas Multi-Zone Oil and Gas Program Runnels County, Texas Forward Looking Statement This presentation may contain certain forward-looking statements, including management s assessment of future plans and operations,

More information

Recommended Practices Associated with Hydraulic Fracturing Operations

Recommended Practices Associated with Hydraulic Fracturing Operations Recommended Practices Associated with Hydraulic Fracturing Operations API standards program includes best-practices for hydraulic fracturing which include: Proper well construction and integrity Zonal

More information

Value focused Methodical delivery

Value focused Methodical delivery Value focused Methodical delivery ASX / AIM: OEX February 2015 Important Information Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis

More information

CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015

CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 PRESS RELEASE CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 January 6, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent Point or the Company ) (TSX and

More information

6 Cavendish Square, London W1G 0PD, England,UK

6 Cavendish Square, London W1G 0PD, England,UK RNS Number : 3190L JKX Oil & Gas PLC 05 May 2010 6 Cavendish Square, London W1G 0PD, England,UK Tel: +44 (0)20 7323 4464 Fax: +44 (0)20 7323 5258 Web site: http://www.jkx.co.uk JKX Oil & Gas plc INTERIM

More information

SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION

SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK

More information

Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation Information you need to know regarding Cabot Oil & Gas Corporation s natural gas production activities and hydraulic fracturing About Cabot Cabot Oil & Gas Corporation (Cabot) is a leading independent

More information

Cooper Energy Limited Oil Field Appraisal Opportunity

Cooper Energy Limited Oil Field Appraisal Opportunity Cooper Energy Limited Oil Field Appraisal Opportunity May 2011 Tunisia Hammamet West Oil Field Bargou Exploration Permit Offshore Gulf of Hammamet Cooper Energy is offering the opportunity to participate

More information

Important Notice Disclaimer

Important Notice Disclaimer Important Notice Disclaimer The information in this presentation: Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are

More information

ASX ANNOUNCEMENT 17 JUNE 2014

ASX ANNOUNCEMENT 17 JUNE 2014 ASX ANNOUNCEMENT 17 JUNE 2014 Sunbird-1 oil zone verified offshore Kenya Historic first-ever oil column discovered offshore East Africa Sunbird-1 well, completed in March in area L10A, intersected a gross

More information

Baron Energy, Inc. Corporate Overview. October 1, 2012. www.baronenergy.com

Baron Energy, Inc. Corporate Overview. October 1, 2012. www.baronenergy.com Baron Energy, Inc. Corporate Overview October 1, 2012 www.baronenergy.com Safe Harbor Statement This presentation includes forward-looking statements. All statements, other than statements of historical

More information

RMP Energy Reports Third Quarter Financial Results

RMP Energy Reports Third Quarter Financial Results NEWS RELEASE November 12, 2015 RMP Energy Reports Third Quarter Financial Results Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP) is pleased to report for the three months ended September

More information

INDEPENDENT REPORTS CONFIRM SIGNIFICANT POTENTIAL FOR LINC ENERGY S SHALE OIL IN THE ARCKARINGA BASIN

INDEPENDENT REPORTS CONFIRM SIGNIFICANT POTENTIAL FOR LINC ENERGY S SHALE OIL IN THE ARCKARINGA BASIN ASX Announcement SAPEX DIVISION ASX Code: LNC OTCQX Code: LNCGY 23 January 2013 INDEPENDENT REPORTS CONFIRM SIGNIFICANT POTENTIAL FOR LINC ENERGY S SHALE OIL IN THE ARCKARINGA BASIN Independent prospective

More information

Press Release November 12, 2015

Press Release November 12, 2015 Press Release November 12, 2015 VALEURA ANNOUNCES THIRD QUARTER 2015 FINANCIAL AND OPERATING RESULTS AND COMMENCEMENT OF DRILLING ON THE FIRST BANARLI EXPLORATION WELL Valeura Energy Inc. ("Valeura" or

More information

QUARTERLY REPORT. PERIOD ENDING 31 December 2011. power earth. from the

QUARTERLY REPORT. PERIOD ENDING 31 December 2011. power earth. from the QUARTERLY REPORT PERIOD ENDING 31 December 2011 power earth. from the Review of the Quarter HIGHLIGHTS The Company s activities for the period were concentrated on preparations for spudding of Habanero

More information

NOTE FOR MINING AND OIL & GAS COMPANIES - JU N E 2 0 0 9

NOTE FOR MINING AND OIL & GAS COMPANIES - JU N E 2 0 0 9 NOTE FOR MINING AND OIL & GAS COMPANIES - JU N E 2 0 0 9 A G U I D E T O A I M U K TA X B E N E F I T S 2 AIM Note for Mining, Oil and Gas Companies Contents Introduction 1 Companies to which this Note

More information

Bedout Sub-basin Opportunity

Bedout Sub-basin Opportunity Bedout Sub-basin Opportunity An opportunity to participate in the development of the Phoenix South oil discovery and exploration of an extensive new oil province Opportunity Highlights An opportunity to

More information

Light Oil Exploration Williston Basin Saskatchewan, Canada. Corporate Presentation Q1 2015

Light Oil Exploration Williston Basin Saskatchewan, Canada. Corporate Presentation Q1 2015 Light Oil Exploration Williston Basin Saskatchewan, Canada Corporate Presentation Q1 2015 Forward Looking Statements This presentation includes forward-looking statements as well as historical information.

More information

ASX Release. Romania Exploration Update. 2 October 2014

ASX Release. Romania Exploration Update. 2 October 2014 ASX Release 2 October 2014 Romania Exploration Update ADX Energy Ltd (ASX: ADX) is pleased to provide this update on seismic operations and the geotechnical assessment of the Parta permit in Western Romania.

More information

AGM Presentation. 24 June 2013

AGM Presentation. 24 June 2013 AGM Presentation 24 June 2013 1 Introduction 2012 review Implications of 2012 drilling programme Funding & Forward Plan 2 2012 Review Equity fund raising Farm-outs Drilling Loligo Scotia 3 Farm-outs to

More information

Understanding Hydraulic Fracturing

Understanding Hydraulic Fracturing Understanding Hydraulic Fracturing Natural gas is a safe, abundant and economical source of energy for the planet. North America has relied on natural gas for heating homes and buildings, as a fuel source

More information

Monterey Shale Potential

Monterey Shale Potential Monterey Shale Potential Fred Aminzadeh University of Southern California IOGCC Annual Meeting Long Beach, CA November 5, 2013 Summary Overview of Monterey Shale Development Challenges Environmental Considerations

More information

2015 Annual General Meeting. 25 November 2015

2015 Annual General Meeting. 25 November 2015 2015 Annual General Meeting 25 November 2015 1 Discussion Agenda 1. Company Profile a. Indonesian Assets Sumatra Basin East Kalimantan 2. Current Indonesian Operations a. South Sumatra Activities b. Central

More information

PETRONAS and the Unconventionals

PETRONAS and the Unconventionals PETRONAS and the Unconventionals DUG Australia 2014 2013 PETROLIAM NASIONAL BERHAD (PETRONAS) All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted

More information

Gilby Prospect (Twp 35-42, Rge 25w4-7w5)

Gilby Prospect (Twp 35-42, Rge 25w4-7w5) Gilby Prospect (Twp 35-42, Rge 25w4-7w5) (Figure 1- Taylor Hill Exploration Ltd. Gilby Land (Yellow)) Taylor Hill Exploration Ltd. ( Taylor Hill ) currently has a 100 % W.I. in over forty nine and one

More information

Report for third quarter 2007 Norwegian Energy Company ASA

Report for third quarter 2007 Norwegian Energy Company ASA Report for third quarter 2007 Norwegian Energy Company ASA Highlights Noreco Group s had operating revenues of 392 MNOK, earnings before interests, tax, depreciation and amortization (EBITDA) of 120 MNOK

More information

Highlights. Completion of farm-out in Tanzania. Drill support contract awarded in Tanzania. Competent Person s Report commissioned

Highlights. Completion of farm-out in Tanzania. Drill support contract awarded in Tanzania. Competent Person s Report commissioned FOR THE QUARTER ENDED 31 December 2015 Swala Energy Limited ACN 161 989 546 Level 4, 21 Kintail Road Applecross WA 6153 Australia TEL +61 (0) 8 6270 4700 FAX +61 (0) 8 6314 4675 EML info@swalaenergy.com

More information

Certificate Programs in. Program Requirements

Certificate Programs in. Program Requirements IHRDC Online Certificate Programs in OIL AND GAS MANAGEMENT Program Requirements IHRDC 535 Boylston Street Boston, MA 02116 Tel: 1-617-536-0202 Email: certificate@ihrdc.com Copyright International Human

More information

VII Seminario Estratégico - SPE Evaluación de las Perspectivas Energéticas de la Argentina

VII Seminario Estratégico - SPE Evaluación de las Perspectivas Energéticas de la Argentina VII Seminario Estratégico - SPE Evaluación de las Perspectivas Energéticas de la Argentina Fernando Rearte Halliburton Argentina Country Manager June 16-17, 2015, Buenos Aires Argentina Agenda Unconventionals

More information

Cooper Energy and the East Coast Gas Market

Cooper Energy and the East Coast Gas Market Cooper Energy and the East Coast Gas Market Cooper Energy is an ASX-listed oil and gas company that is engaged in: developing new gas supply projects; marketing gas directly to eastern Australian gas users;

More information

KELT INCREASES PLANNED 2015 CAPITAL EXPENDITURES IN BRITISH COLUMBIA, PROVIDES OPERATIONS UPDATE AND ANNOUNCES $78.8 MILLION EQUITY FINANCINGS

KELT INCREASES PLANNED 2015 CAPITAL EXPENDITURES IN BRITISH COLUMBIA, PROVIDES OPERATIONS UPDATE AND ANNOUNCES $78.8 MILLION EQUITY FINANCINGS PRESS RELEASE (Stock Symbol KEL TSX) June 15, 2015 Calgary, Alberta KELT INCREASES PLANNED 2015 CAPITAL EXPENDITURES IN BRITISH COLUMBIA, PROVIDES OPERATIONS UPDATE AND ANNOUNCES $78.8 MILLION EQUITY FINANCINGS

More information

VERMILION ENERGY INC. ANNUAL REPORT

VERMILION ENERGY INC. ANNUAL REPORT VERMILION ENERGY INC. ANNUAL REPORT For the Year Ended December 31, 2010 TABLE OF CONTENTS President s Message to Shareholders... 4 Management s Discussion and Analysis... 7 Management s Report to Shareholders...

More information

Q1 2014 CONFERENCE CALL REMARKS REMARKS FROM DR. MICHAEL HESSION

Q1 2014 CONFERENCE CALL REMARKS REMARKS FROM DR. MICHAEL HESSION Q1 2014 CONFERENCE CALL REMARKS REMARKS FROM DR. MICHAEL HESSION Hello, and thank you for joining the call today as we explain our first quarter results. I am Michael Hession, Chief Executive Officer of

More information

Pure China Energy. Continuing to move towards development of substantial gas assets in China. Sino Gas & Energy Holdings Limited (Sino Gas, ASX:SEH)

Pure China Energy. Continuing to move towards development of substantial gas assets in China. Sino Gas & Energy Holdings Limited (Sino Gas, ASX:SEH) Pure China Energy Continuing to move towards development of substantial gas assets in China Q2 2011 - Activities Report Sino Gas & Energy Holdings Limited (Sino Gas, ASX:SEH) Photo: Flare testing on TB03

More information

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,

More information

Oil Search to acquire interest in PRL 15 (Elk/Antelope), providing core strategic position in future LNG developments in PNG

Oil Search to acquire interest in PRL 15 (Elk/Antelope), providing core strategic position in future LNG developments in PNG Oil Search to acquire interest in PRL 15 (Elk/Antelope), providing core strategic position in future LNG developments in PNG 27 February 2014 Key Highlights Oil Search is to acquire a 22.835% gross interest

More information

Unconventional oil and gas: outlook, risks, and potential

Unconventional oil and gas: outlook, risks, and potential 20140519_SBC_International Energy Forum - Paper_v05 Unconventional oil and gas: outlook, risks, and potential May 2014 Moscow Table of Contents KEY INSIGHTS... 2 1. UNCONVENTIONAL RESOURCES ARE SIZEABLE

More information

Thank you for the invitation to address today s forum and to engage in the debate about gas supply to Western Australia.

Thank you for the invitation to address today s forum and to engage in the debate about gas supply to Western Australia. Director, Enterprise Capability Woodside Energy Ltd. n Institute of Energy Wednesday, 15 August 2007 Thank you for the invitation to address today s forum and to engage in the debate about gas supply to

More information

Quarterly Report Highlights. Ulysses Gold Project, Western Australia. Viking Gold Project, Western Australia

Quarterly Report Highlights. Ulysses Gold Project, Western Australia. Viking Gold Project, Western Australia ASX Announcement Quarterly Activities Report For the Quarter Ended 31 December 2015 29 January 2016 Genesis Minerals Limited ASX Code: GMD Issued Capital 446 million shares 27.2 million options Current

More information

HESS CORPORATION. Lean Leads the Way in a Low-Cost Environment

HESS CORPORATION. Lean Leads the Way in a Low-Cost Environment HESS CORPORATION Lean Leads the Way in a Low-Cost Environment September 17, 2015 Forward-looking statements & other information This presentation contains projections and other forward-looking statements

More information

Melbourne Mining Club Presentation

Melbourne Mining Club Presentation Karoon Gas Australia Ltd Melbourne Mining Club Presentation September 2014 Queiroz Galvão Olinda Star Semi Submersible Drilling Rig Disclaimers - This presentation has been prepared by Karoon Gas Australia

More information

SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS

SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS CALGARY, ALBERTA (November

More information

Enhanced Oil Resources Inc. Provides 2012 Activity Update

Enhanced Oil Resources Inc. Provides 2012 Activity Update Enhanced Oil Resources Inc. Provides 2012 Activity Update HOUSTON, Feb. 15, 2012 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to provide the following update regarding the Company's proposed

More information

Exploration for natural gas

Exploration for natural gas FACT SHEET NO. 42 Exploration for natural gas Quick facts QGC holds licences from the Queensland Government called Authorities to Prospect that allow us to explore in areas known as tenements We work with

More information

TALISMAN ENERGY INC. TELEPHONE CONFERENCE CALL TO REVIEW 2009 THIRD QUARTER RESULTS

TALISMAN ENERGY INC. TELEPHONE CONFERENCE CALL TO REVIEW 2009 THIRD QUARTER RESULTS Refer to Talisman s advisories in the November 3, 2009 news release concerning forward looking statements and non-gaap measures. TALISMAN ENERGY INC. TELEPHONE CONFERENCE CALL TO REVIEW 2009 THIRD QUARTER

More information

Quarterly Activities Report For Quarter Ended 31 December 2015. Quarter Highlights

Quarterly Activities Report For Quarter Ended 31 December 2015. Quarter Highlights Quarterly Activities Report For Quarter Ended 31 December 2015 Quarter Highlights In light of the current, very difficult oil price environment, the Company continues to actively investigate joint venture

More information

STEVE HENNINGS, M.S., P.E.

STEVE HENNINGS, M.S., P.E. STEVE HENNINGS, M.S., P.E. CITIZEN EDUCATION ASSOCIATIONS EXPERTISE USA M.S. Finance, University of Denver B.S. Petroleum Engineering, University of Wyoming International SPE Petroleum Engineering Certification

More information

For personal use only

For personal use only For personal use only 29 April 2011 Report on activities for the Quarter ended 31 March 2011 Highlights Africa: Morocco Tarfaya Offshore Block Awarded Tarfaya 2D and 3D seismic reprocessing contract to

More information

Canadian Spirit Resources Inc.

Canadian Spirit Resources Inc. This management discussion and analysis ( MD&A ) of the financial conditions and results of operations should be read in conjunction with the audited financial statements for the year ended December 31,

More information

REPORT TO THE AUSTRALIAN STOCK EXCHANGE (ASX) Activities for the Quarter Ended 30 September 2001

REPORT TO THE AUSTRALIAN STOCK EXCHANGE (ASX) Activities for the Quarter Ended 30 September 2001 ROC OIL COMPANY LIMITED (ABN 32 075 965 856) REPORT TO THE AUSTRALIAN STOCK EXCHANGE (ASX) Activities for the Quarter Ended 30 September 2001 SUMMARY $22 million gross sales revenue, down $3 million (12%)

More information

UPLAND RESOURCES LIMITED

UPLAND RESOURCES LIMITED Interim Report and Accounts for the Period from 1 July 2015 to 31 December 2015 BVI Company Number: 1701436 CONTENTS Report of the Directors 1-2 Consolidated Statement of Comprehensive Income 3 Consolidated

More information

STRIKE ENERGY LIMITED QUARTERLY REPORT. For the period ending 30 September 2015

STRIKE ENERGY LIMITED QUARTERLY REPORT. For the period ending 30 September 2015 STRIKE ENERGY LIMITED QUARTERLY REPORT For the period ending 30 September 2015 Strike Energy Limited - Quarterly Report: September 2014 September Quarter Performance Summary Key Achievements Australia

More information

Preparing for the next wave of investment in oil and gas exploration. Robbert de Weijer, CEO. UGAS - Unconventional Gas Conference ASX:AJQ

Preparing for the next wave of investment in oil and gas exploration. Robbert de Weijer, CEO. UGAS - Unconventional Gas Conference ASX:AJQ Preparing for the next wave of investment in oil and gas exploration Robbert de Weijer, CEO UGAS - Unconventional Gas Conference 16 17 April 2015, Brisbane ASX:AJQ Disclaimer This presentation is not a

More information

RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE

RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE February 3, 2016 RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE CALGARY, ALBERTA (February 3, 2016) Raging River Exploration Inc. ("Raging River" or the "Company")

More information

Oil and Gas Terms. Anticline: An arch of stratified rock layers that may form a trap for hydrocarbons.

Oil and Gas Terms. Anticline: An arch of stratified rock layers that may form a trap for hydrocarbons. Oil and Gas Terms American Petroleum Institute (API): The API is the trade organization for the oil and gas industry, which establishes standards governing industry operations, safety and the manufacturing

More information

PRESS RELEASE. November 12, 2013

PRESS RELEASE. November 12, 2013 PRESS RELEASE November 12, 2013 TORC OIL & GAS LTD. ANNOUNCES THIRD QUARTER 2013 FINANCIAL & OPERATIONAL RESULTS, SUCCESSFUL TRANSITION TO SUSTAINABLE DIVIDEND PLUS GROWTH COMPANY AND INCREASE TO 2013

More information

2014 RESERVES CONFERENCE CALL MARCH 2015. A Unique Opportunity to Invest in the China Energy Growth Story

2014 RESERVES CONFERENCE CALL MARCH 2015. A Unique Opportunity to Invest in the China Energy Growth Story 2014 RESERVES CONFERENCE CALL MARCH 2015 A Unique Opportunity to Invest in the China Energy Growth Story DISCLAIMER Sino Gas & Energy Holdings Limited (ASX:SEH, Sino Gas, the Company ) holds a 49% interest

More information

Tamarack Valley Energy Ltd. Announces Strategic Acquisitions, $72 Million Bought Deal Financing and Increased 2016 Guidance

Tamarack Valley Energy Ltd. Announces Strategic Acquisitions, $72 Million Bought Deal Financing and Increased 2016 Guidance TSX: TVE NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES Tamarack Valley Energy Ltd. Announces Strategic Acquisitions, $72 Million Bought Deal Financing and Increased 2016

More information

UPSTREAM OIL AND GAS INDUSTRY IN KENYA

UPSTREAM OIL AND GAS INDUSTRY IN KENYA UPSTREAM OIL AND GAS INDUSTRY IN KENYA INTRODUCTION What is Upstream Oil and Gas? The petroleum industry is broadly divided into three segments namely: upstream (exploration and production), mid-stream

More information

CHIEF EXECUTIVE S MESSAGE

CHIEF EXECUTIVE S MESSAGE Management s Discussion and Analysis December 31, 2012 CHIEF EXECUTIVE S MESSAGE The 2012 year was very active from a regulatory process and commercial perspective. With the two upward revisions by Gaffney

More information

VAALCO ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS

VAALCO ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS VAALCO ENERGY ANNOUNCES FIRST QUARTER 2015 RESULTS HOUSTON MAY 7, 2015 VAALCO Energy, Inc. (NYSE: EGY) today reported results for the first quarter of 2015. First Quarter 2015 highlights: Successfully

More information

PETROMINERALES ACHIEVES RECORD THIRD QUARTER AND PRELIMINARY CORCEL-2 TEST RESULTS

PETROMINERALES ACHIEVES RECORD THIRD QUARTER AND PRELIMINARY CORCEL-2 TEST RESULTS NEWS RELEASE PETROMINERALES ACHIEVES RECORD THIRD QUARTER AND PRELIMINARY CORCEL-2 TEST RESULTS Bogotá, Colombia November 6, 2007 Petrominerales Ltd. ( Petrominerales or the Company ), a 76.6% owned subsidiary

More information

SORP. Statement of Recommended Practice. Accounting for Oil and Gas Exploration, Development, Production and Decommissioning Activities

SORP. Statement of Recommended Practice. Accounting for Oil and Gas Exploration, Development, Production and Decommissioning Activities SORP Statement of Recommended Practice Accounting for Oil and Gas Exploration, Development, Production and Decommissioning Activities Updated 7 th June 2001 A SORP issued by the Oil Industry Accounting

More information

Karpinsky Oil & Gas Company AS

Karpinsky Oil & Gas Company AS Karpinsky Oil & Gas Company AS Technical and financial advisor: AGR Petroleum Services AS Executive Summary KO&GC HOLDER OF 2 LICENSES IN ROSTOV REGION WITH D1л RESOURCES AT MINIMUM 4 BILLION BOE UNRISKED

More information

GULFPORT ENERGY CORPORATION DECEMBER 31, 2015 NET PROVED RESERVE RECONCILIATION (Unaudited) Gas Equivalent BCFE

GULFPORT ENERGY CORPORATION DECEMBER 31, 2015 NET PROVED RESERVE RECONCILIATION (Unaudited) Gas Equivalent BCFE February 2, 2016 Gulfport Energy Corporation Reports 83% Increase in Total Proved Reserves to 1.7 Tcfe, Provides Fourth Quarter 2015 Operational Update and Schedules Fourth Quarter and Full-Year 2015 Financial

More information

Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential

Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential Aroway Energy: Minimal Debt, Trading At 2 Times Cash Flow, Significant Growth Potential! Mar.!6,!2014!8:59!AM!ET!!!! Devon!Shire,!Canadian!Value!Investor!! Long!only,!newsletter!provider,!oil!&!gas,!smallJcap!

More information

ande ande lumut oil project

ande ande lumut oil project ande ande lumut oil project Unlocking hidden value At the start of 2011, AWE s presence in Asia comprised a handful of Indonesian exploration permits. But as the year drew to a close, an opportunity emerged

More information

Annual General Meeting

Annual General Meeting Annual General Meeting Westbury Hotel, Dublin, 13th September 2013 Forward Looking Statements The content of this presentation relating to Moesia Oil and Gas plc ( Moesia ) has not been approved by an

More information

Midland Houston. In Alliance With

Midland Houston. In Alliance With Midland Houston In Alliance With 1 Riviera-Ensley Energy Advisors and NuTech Energy Alliance An Alliance that provides our clients the technical services needed to enhance their Acquisition or Divestiture.

More information

MANAGEMENT DISCUSSION AND ANALYSIS For Quarter Ended 31 December 2013

MANAGEMENT DISCUSSION AND ANALYSIS For Quarter Ended 31 December 2013 MANAGEMENT DISCUSSION AND ANALYSIS For Quarter Ended 31 December 2013 Traded on the Australian Securities Exchange (ASX) under the symbol SXA and on the Toronto Venture Exchange (TSX.V) under the symbol

More information

IMPACT OF SHALE TECHNOLOGY ON HOUSTON REAL ESTATE

IMPACT OF SHALE TECHNOLOGY ON HOUSTON REAL ESTATE IMPACT OF SHALE TECHNOLOGY ON HOUSTON REAL ESTATE Prepared for: Modern Green Development Co., Ltd. and Canadian Community Service Association June 21, 2013 Mining, Finance and Real Estate Forum Vancouver,

More information

GeoResources, Inc. Reports First Quarter Financial and Operational Results

GeoResources, Inc. Reports First Quarter Financial and Operational Results GeoResources, Inc. Reports First Quarter Financial and Operational Results Reports First Quarter Adjusted Net Income of $11.5 Million or $0.44 Per Share and Adjusted EBITDAX of $30.4 Million Houston, Texas,

More information

PROJECT MANAGEMENT PLAN OPTIMIZING DEVELOPMENT STRATEGIES TO INCREASE RESERVES IN UNCONVENTIONAL GAS RESERVOIRS

PROJECT MANAGEMENT PLAN OPTIMIZING DEVELOPMENT STRATEGIES TO INCREASE RESERVES IN UNCONVENTIONAL GAS RESERVOIRS PROJECT MANAGEMENT PLAN OPTIMIZING DEVELOPMENT STRATEGIES TO INCREASE RESERVES IN UNCONVENTIONAL GAS RESERVOIRS Area of Interest 1: Gas Shale Area of Interest 3: Tight Sands prepared for Research Partnership

More information

President s Message HIGHLIGHTS OPERATIONS REVIEW

President s Message HIGHLIGHTS OPERATIONS REVIEW President s Message HIGHLIGHTS On August 17, 2010, Storm Resources Ltd. ( Storm or the Company ) commenced operations after certain assets were transferred to Storm under the Plan of Arrangement involving

More information

PETROMINERALES ANNOUNCES SECOND QUARTER RESULTS

PETROMINERALES ANNOUNCES SECOND QUARTER RESULTS NEWS RELEASE PETROMINERALES ANNOUNCES SECOND QUARTER RESULTS Bogotá, Colombia August 9, 2007 Petrominerales Ltd. ( Petrominerales or the Company ), an 80.7% indirectly owned subsidiary of Petrobank Energy

More information

Drilling Rigs and Well Technology. RAPID RIGS AND WELL TECHNOLOGY Cairn India Limited.

Drilling Rigs and Well Technology. RAPID RIGS AND WELL TECHNOLOGY Cairn India Limited. Drilling Rigs and Well Technology RAPID RIGS AND WELL TECHNOLOGY. 2 3 Cairn India has adopted an innovative approach for its onshore drilling program using state-of-the-art custom made Rapid Rig technology

More information