FINDER EXPLORATIONfinderexp.com/wp-content/uploads/2012/01/1-March-2011.pdf · FINDER EXPLORATION “Delivering the ... Petrel Bayu/Undan Rankin Trend Gorgon. Realising the vision

FINDER EXPLORATION

“Delivering the Portfolio”Excellence in Oil & Gas 2011- 1 March 2011

Technology

Opportunity

Knowledge People

“FIND OIL AND GAS”through the advancement of “high impact”

oil and gas exploration acreage

Vision

Technology

Opportunity

Knowledge People

Realising the vision

DATA KNOWLEDGE

TECHNOLOGY

By utilising our expertise, database and relationships to capture

opportunities

Expertise• Senior staff have diverse & complementary range of backgrounds, skills & experiences

• Over 100 years of expertise in global oil and gas exploration

• Current staffing level of 10 (+ part-time and consultants)

Key Personnel

Jan OstbyManaging Director

• 25+ years• ex Fugro / Seismic

AustraliaDariusz JablonskiExplorationManager

•20+ years•ex Woodside

Shane WestlakeTechnical Project Manager

• 10+ years• ex PGS

Craig GumleyOperations & JV Manager

• 25+ years• ex Santos

Don PykeCommercial Manager

• 15+ years• ex Fugro / Seismic

Australia


DATA KNOWLEDGE

TECHNOLOGY

OPPORTUNITY IDENTIFICATION & CAPTURE

By focussing on the offshoreNorth West Shelf

(currently 13 Permits, 10 Operated)

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

Finder’s Australian Acreage

• Currently operating 10 of 13 Australian and 5 Jamaican Exploration Permits – total net acreage 34,370 net km2

• Secured 9 Australian new Permits since beginning 2009• 2 in the Browse / Bonaparte• 4 @ 50% JV with Carnarvon Petroleum in the Bedout• Plus 3 new blocks May/June 2010

• 156% net Australian acreage add since 2009

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon


DATA KNOWLEDGE

TECHNOLOGY


RISK MITIGATION

By undertaking detailed in-houseregional technical assessment

and risk mitigation

Basin scale regional assessment – Nth Carnarvon

Mutineer

Exeter

Eaglehawk

Goodwyn

Persephone

EgretLambert

Carteret

North Rankin

Perseus

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

Finder’s Australian Farmouts

• Track record of success for our model:• AC/P 36 – 2007 farmout to Murphy & PTTEP

1 well drilled• WA-401-P – sold 100% to Woodside and Hess in

April 2009• AC/P 44 & 45 – Nov. ’09 farmout to Perenco• AC/P 52 – Dec. ‘09 farmout to SASOL• WA-450-P – Aug. ‘10 farmout to Apache• WA-418-P – Oct. ‘10 farmout to Apache

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon

While maintaining material participating interests

http://www.hess.com/default.aspx�

http://www.perenco.com/home.html�

http://www.apachecorp.com/index.aspx�

http://www.apachecorp.com/index.aspx�


DEFINEDRILLABLEPROSPECTS

DATA KNOWLEDGE

TECHNOLOGY


RISK MITIGATION

With ~5,500 km2 of new 3D seismic data in 7 surveys across

8 Permits in 2010/2011

driven by new 3D seismic data!

Acquiring or licensing ~5,500 km2 of3D seismic data in next twelve months:• Cartier = ~864 km2

Ichthys

Jansz/Io


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 2012/2013?

SW NE

Ichthys


Argus3D = ~864 km2

Puffin



• Cartier West = ~517 km2

Ichthys

Jansz/Io


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 2012/2013?• Other prospectivity “on block”

IchthysScott Reef/Brecknock

Argus

3D = ~517 km2

Poseidon




• Tiffany = ~731 km2

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon

AC/P 44 – Finder 60%

Ichthys


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 2012/2013?• 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





• Phoenix = ~1,100 km2

Ichthys

Jansz/Io


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 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






• WA-418-P = ~1,519 km2

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon

WA-418-P – Finder 35%

• Farmed out 65% to Apache in Aug. ’10

• 15 P&Ls over four primary play levels – key P&Ls covered with new 3D seismic data

• Hyde Legendre prospect with highside780 mmbbls STOOIP &Nth Rankin 16 TCF highside OGIP

• Drill in 2012/2013?

S S

R

C

C

R

C0 5km

S N

Angel

Legendre

Nth Rankin

Athol

Hyde

3D = ~1,519 km2

W E

R

C

R

C

C

SS

0 5km

Hyde Childers






• WA-418-P = ~1,519 km2

• WA-450-P = ~231 km2

Ichthys

Jansz/Io


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


• 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• Carried drill commitment in 2012/2013,

potential to accelerate?

Flatspot

Olympus Prospect

line B91-40 - Data courtesy of Searcher Seismic

3D = ~231 km2






• WA-418-P = ~1,519 km2

• WA-450-P = ~231 km2

• WA-445-P = ~500 km2 (pSDM repro)

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon


• Awarded in May 2010

• Potential for a depth conversion -amplitude supported drill target

• Amplitudes indicative of gas nearby, but no mapped time closure on Permit

• New 3D pSDM reprocessed data will tie to Wheatstone gas to the west

• Drill in 2012/2013?

3D = ~500 km2

Malus-1

Malmsey-1 WA-445-P

Malus-1

Malmsey-1

Time low,depth high?

TWT Map (m) RMS Amplitude Extraction(-20+20ms window)

Mickey Lead

WA-445-P

Iago GasMickeyLead

Iago-3

SW NE

Moving the portfolio to drill ready

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon

Q4 2011interpretation

Drill2012/2013?

farmout

AC/P 45 AC/P 52 AC/P 44

Bedout WA-418-P WA-450-P


Drill2012/2013?

farmout


Drill2012/2013?

farmout


Drill2012/2013?

farmout


Drill2012?

farmout


Drill2012/2013?


Drill2012/2013?

Moving the portfolio to drill ready

Ichthys

Jansz/Io


Petrel

Bayu/Undan

Rankin Trend

Gorgon


Drill2012/2013?

farmout


Drill2012/2013?

farmout


Drill2012/2013?

farmout


Drill2012/2013?


Drill2012/2013?


Drill2012/2013?

farmout AC/P 45 AC/P 52 AC/P 44

Bedout WA-418-P WA-450-P


Drill2012?

farmout


DEFINEDRILLABLEPROSPECTS

DATA KNOWLEDGE

TECHNOLOGY

WELLS(PARTICIPATE)


RISK MITIGATION

Through the interpretation ofthe 3D data to mature prospects

in each Permit to drill ready

By farming out to participatein the drilling of wells

in 2012 to 2013

In the future• Finder is a private company

• Successful business build since 2005

• Upcoming 2012/2013 drilling campaign may require access to capital markets

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

mailto:[email protected]�

mailto:[email protected]�

http://www.finderexp.com/�

Documents

FINDER EXPLORATIONfinderexp.com/wp-content/uploads/2012/01/1-March-2011.pdf · FINDER EXPLORATION “Delivering the ... Petrel Bayu/Undan Rankin Trend Gorgon. Realising the vision