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SAPEX Limited. COMPANY PRESENTATION July 2006. SAPEX COMPANY OBJECTIVES. Become a successful and significant explorer and producer of oil & gas in South Australia: 1: discover, develop & produce oil 2: discover, produce coal-seam-gas (CSG) 3: possibly develop/commercialize coal

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sapex limited

SAPEX Limited

COMPANY

PRESENTATION

July 2006

SAPEX Limited

sapex company objectives
SAPEX COMPANY OBJECTIVES
  • Become a successful and significant explorer and producer of oil & gas in South Australia:
    • 1: discover, develop & produce oil
    • 2: discover, produce coal-seam-gas (CSG)
    • 3: possibly develop/commercialize coal
    • Act responsibly with respect to Aboriginal Heritage and the environment.

SAPEX Limited

sapex introduction 1
SAPEX --- Introduction (1)
  • Andrew Andrejewskis
  • Managing Director
  • Geologist, 30+ years in petroleum industry, 10 years in SA & NT Government, senior management.
  • Worked throughout Australia, New Zealand & other overseas areas on petroleum projects.

SAPEX Limited

sapex introduction 2
SAPEX --- Introduction (2)
  • Board of Directors & technical advisers combined have more than 100 years of practical petroleum industry experience.
  • The Board has members with many years of legal, financial and management experience in resource companies.
  • Company will be based in Adelaide
  • SAPEX currently is unlisted, public company.

SAPEX Limited

location of pel s
Location of PEL’s

Arckaringa Basin

SAPEX Limited

arckaringa basin
Arckaringa Basin

SAPEX Limited

capital to fund company operations
Capital to fund Company Operations
  • SAPEX has capital to fund:
    • Negotiations to reach agreement with Native Title Claimants then obtain grant of PEL’s in Arckaringa Basin
    • Preliminary planning for exploration programs
    • Will secure funds from public investors for exploration, which starts when PEL’s granted.

SAPEX Limited

petroleum exploration
Petroleum Exploration
  • High risk: - only 10% is successful
  • Exploration very expensive; different from minerals:
    • Seismic survey: 500km: ~ $2.5 million
    • Petroleum Exploration Well: ~$1.2-1.8 million
    • CSG well: ~ $100-200 thousand
  • Seismic surveys and drilling must be done to find oil & gas
  • BUT no guarantee of success.

SAPEX Limited

arckaringa basin exploration programs
Arckaringa Basin Exploration Programs
  • “Frontier Basin” i.e. unexplored
  • Need to define prospects for drilling and find new prospects
  • Plan seismic surveys of approx. 300 km detail prospect and 500 km regional in Year 1; cost $4-5 million
  • Drill 2-3 oil exploration wells about end Year 1 - Year 2 (when drilling rigs available)
      • cost: ~ $2.5 million (2 wells)
  • CSG wells: drill 4-6 pilot wells in Year 1- Year 2;
      • cost: $400,000-600,000 +.

SAPEX Limited

sapex is committed to
SAPEX is Committed to:
  • Protection of Aboriginal Heritage and obtaining clearances
  • Protection of Environment
  • Fulfilling requirements of SA Legislation and regulations for rehabilitation of land
  • Conduct heritage surveys, protect important Aboriginal sites & objects
  • Promote training & employment opportunities for Aboriginal people where possible

SAPEX Limited

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