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FINDER EXPLORATION
“Growing the Portfolio”Good Oil Conference - 8 September 2010
Technology
Opportunity
Knowledge People
“FIND OIL AND GAS”
through the advancement of “high impact”oil and gas exploration acreage
Vision
WHY IS FINDER UNIQUELY PLACED?
1. Private company;
2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);
3. Utilising expertise, data base and relationships to capture opportunities;
4. Detailed risk mitigation and regional work undertaken in-house; and
5. Proven track record of farm-out and acreage acquisition success.
Private
“FIND OIL AND GAS”
through the advancement of “high impact” oil and gas exploration acreage
Vision
WHY IS FINDER UNIQUELY PLACED?
1. Private company;
2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);
3. Utilising expertise, data base and relationships to capture opportunities;
4. Detailed risk mitigation and regional work undertaken in-house; and
5. Proven track record of farm-out and acreage acquisition success.
Finder’s Australian Acreage
100%*
~32%
100%*50%*50%*
50%* 50%*
60%*60%*
55%*
100%*
100%*
25%
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
with material participating interests
“FIND OIL AND GAS”
through the advancement of “high impact” oil and gas exploration acreage
Vision
WHY IS FINDER UNIQUELY PLACED?
1. Private company;
2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);
3. Utilising expertise, data base and relationships to capture opportunities;
4. Detailed risk mitigation and regional work undertaken in-house; and
5. Proven track record of farm-out and acreage acquisition success.
Expertise• Senior staff have diverse & complementary range of backgrounds, skills & experiences
• Over 95 years of expertise in global oil and gas exploration
• Current staffing level of 10 (+ consultants)
Key Personnel
Jan OstbyManaging Director
• 28 years• ex Fugro / Seismic
AustraliaDariusz JablonskiExplorationManager
•20+ years•ex Woodside
Shane WestlakeTechnical Project Manager
• 9 years• ex PGS
Craig GumleyOperations & JV Manager
• 25 years• ex Santos
Don PykeCommercial Manager
• 15 years• ex Fugro / Seismic
Australia
“FIND OIL AND GAS”
through the advancement of “high impact” oil and gas exploration acreage
Vision
WHY IS FINDER UNIQUELY PLACED?
1. Private company;
2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);
3. Utilising expertise, data base and relationships to capture opportunities;
4. Detailed risk mitigation and regional work undertaken in-house; and
5. Proven track record of farm-out and acreage acquisition success.
Basin scale regional assessment – Nth Carnarvon
Mutineer
Exeter
Eaglehawk
Goodwyn
Persephone
EgretLambert
Carteret
North Rankin
Persesus
Capella
Bounty
Fletcher
WA-418-P
Oxfordian unconformity 3D depth visualisation
east-west dimension ~100 km
Our regional assessment allows us to challenge the paradigms
“FIND OIL AND GAS”
through the advancement of “high impact” oil and gas exploration acreage
Vision
WHY IS FINDER UNIQUELY PLACED?
1. Private company;
2. Focus is on offshore NWS exploration assets (13 Permits, 11 Operated);
3. Utilising expertise, data base and relationships to capture opportunities;
4. Detailed risk mitigation and regional work undertaken in-house; and
5. Proven track record of farm-out and acreage acquisition success.
Farmouts – while retaining a material interest• Nth Browse - AC/P 44 and AC/P 45 - Perenco• Nth Browse - AC/P 52 - Sasol• Nth Carnarvon - WA-450-P - Apache Energy• Northern Dampier - WA-418-P - ????
Recent Success
New Permits• Awarded 3 new Permits from 2009 Gazettal release• All nearby oil and gas discoveries - Carnarvon (2), Bonaparte (1)
With ~4,000 km2 of new 3D seismic data
driven by new 3D seismic data!
Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
Base Triassic
JO
ZetaPermian Gas
Intra Triassic Play??
S NLine 87jb-25 – Full stack
AC/P 45 – Finder 60%Line 8801-01 – Far Angle stackDelta-1
67T68T
T56T
JO
AlphaPuffin Oil
• Farmed out 40% to Perenco in Nov. ’09
• 7 Puffin oil prospects and leads withAlpha 240 mmbbls highside STOOIP
• 3 Permian gas leads withZeta 11 TCF highside OGIP
• Drill in 2011/2012?
SW NE
Ichthys
Scott Reef/Brecknock
Argus3D = 864 km2
Puffin
driven by new 3D seismic data!
Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2
• Cartier West = ~517 km2
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
AC/P 52 – Finder 55%
JO
AC/P52
KC
CronusArgus Field
JO
JO
KV
Cronus-1 PGS line 32 – seabed distortion removed
Low Reflectivity = no volcanics
SubcroppingTriassic
New Dawn MC-2D GeoStreamer Data – courtesy of PGS
• Farmed out 45% to SASOL in Dec. ’09
• Critical uncertainty is resource size, to be addressed with 3D seismic
• Cronus Jurassic/Triassic gas prospect with 12 TCF highside OGIP
• Drill in 2011/2012?• Other prospectivity “on block”
IchthysScott Reef/Brecknock
Argus
3D = ~517 km2
Poseidon
driven by new 3D seismic data!
Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2
• Cartier West = ~517 km2
• Tiffany = ~731 km2
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
AC/P 44 – Finder 60%
Ichthys
Scott Reef/Brecknock
Argus
Puffin
• Farmed out 40% to Perenco in Nov. ’09
• 3 Triassic oil/gas prospects & leads with Omega 570 mmbbls STOOIP or5 TCF highside OGIP
• Drill in 2012?• Plus 5 Puffin oil leads in south
Strike Line BR98-214 – Full Stack
Base Triassic
JO
TO
OmegaProspect T
KCR
C
SW NE
Shallow Amplitude
Velocity Push Down
0 5km
JO KC
TOFlatspot
Push Down
3D = ~731 km2
driven by new 3D seismic data!
Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2
• Cartier West = ~517 km2
• Tiffany = ~731 km2
• Phoenix = ~1,100 km2
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
Bedout Basin – Finder 50%
• 4 Permits granted August 2009
• 3D to identify reservoir sweet spots• Proven Triassic Phoenix gas resource with
1 TCF highside OGIP• Phoenix South (3.5 TCF) + Roc lead• Drill in 2011/2012?
Phoenix
Phoenix South
3D = ~1,100 km2
Phoenix South
Roc
Phoe
nix-
1
Ker
audr
en-1
8-12% porosity
20% porosity
Improving reservoir characteristicsNW SE
Port Headland
W E
driven by new 3D seismic data!
Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2
• Cartier West = ~517 km2
• Tiffany = ~731 km2
• Phoenix = ~1,100 km2
• WA-418-P = ~650 km2
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
WA-418-P – Finder 100%
• Farmout commenced June 2010 & currently in final negotiations
• 15 P&Ls over four primary play levels• Hyde Legendre prospect with highside
780 mmbbls STOOIP &Nth Rankin 16 TCF highside OGIP
• Drill in 2012?
S S
R
C
C
R
C0 5km
S N
Angel
Legendre
Nth Rankin
Athol
Hyde
3D = ~650 km2
W E
R
C
R
C
C
SS
0 5km
Hyde Childers
driven by new 3D seismic data!
Acquiring or licensing ~4,000 km2 of3D seismic data in next twelve months:• Cartier = 864 km2
• Cartier West = ~517 km2
• Tiffany = ~731 km2
• Phoenix = ~1,100 km2
• WA-418-P = ~650 km2
• WA-450-P = ~225 km2
Ichthys
Jansz/Io
Scott Reef/Brecknock
Petrel
Bayu/Undan
Rankin Trend
Gorgon
Gorgon
Clio
OlympusKeto-1
Zeepaard-1
WA-450-P
Zola Prospect
Oxfordian depth map looking north-east
Sappho-1
WA-450-P – Finder 25%
• Farmed out 75% to Apache in Aug. ’10
• Play rich block south of Clio and Gorgon• Olympus is standout Triassic prospect with
12 TCF highside OGIP• New pSDM across the Permit• Drill commitment in 2012/2013
Flatspot
Olympus Prospect
line B91-40 - Data courtesy of Searcher Seismic
3D = ~225 km2
Finder - realising the vision
• Complete the ~4,000 km2 of 3D seismic data over multiple blocks;
• Interpret the 3D data & mature prospects in each Permit to drill ready;
• Farm-out and participate in the drilling of wells in 2011/2012.
“FIND OIL AND GAS”
Finder Contact Details
The information, statements, opinions, data or other material (“Information”) contained within this document has been prepared by Finder Exploration Pty Ltd (“Finder”) with reasonablecare 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 theInformation 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 verifyall 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.
For further information on this presentation please contact:Craig M. GumleyOperations & Joint Venture Manager
Don PykeCommercial Manager
email: [email protected]
email: [email protected]
Phone: +61 8 9327 0114Fax: +61 8 9327 0101
Phone: +61 8 9327 0155Fax: +61 8 9327 0101
Website: www.finderexp.com
Visit:9 Richardson StreetWest Perth WA 6005