Investor Presentaiton
VINTAGE ENERGY
Otway Basin - PEL 155 and PEP 171
PEL 155 (SA)
• Vintage 50%, Otway Energy 50% (subsidiary
of Rawson Oil & Gas¹) and operator
⚫ $4.95 million SA Govt PACE Gas Grant
Nangwarry-1 expected to be drilled in FY19
Adjacent to Haselgrove discovery
• Site preparation commenced
Nangwarry-1 Prospective Resource²
-
28.5 Bcf (Net), 57 Bcf (Gross) best estimate
• Victorian airborne geophysical survey
extended over PEL 155 (PEP 171 covered)
Nangwarry-1 is a drill ready prospect
close to infrastructure in a proven
commercial gas province
1. Lakes Oil N.L. is finalising takeover of Rawson Oil & Gas
2. Estimates are in accordance with the Petroleum Resources Management System (SPE,
2007) and Guidelines for Application of the PRMS (SPE, 2011). Probabilistic methods were
used. Sales gas recovery and shrinkage have been applied to the Prospective Resource
estimation. The losses include those from the field use, as well as fuel and flare gas.
Volumes have shrinkage applied to correct for estimated inerts and liquid dropout. Refer
explanatory notes for detail.
SESA
Pipeline
Haselgrove-2
Haselgrove-3 ST1
SA
VIC
0
Petroleum well
Proposed well
Penola Trough
Penola
PEP
171
Bus Swamp-1
Gordon-1
Katnook
Gas Plant
Salamander-1
Nangwarry-1
Mount Gambier
PEP 171 (VIC)
PEL
155
Glenaire-1
SEPS Pipeline
0
20
Gas pipeline
Gas field
Vintage interest permit
SEA Gas
Pipeline
• Vintage 25% (via a carry through
moratorium), Cooper Energy 75% and
operator
40 km
VE18-054
- Additional 25% by funding 65% of 100 km²
3D seismic program (~$1.8 million net).
• Formal farm-in agreement executed
Focused on the Penola Trough, which has produced ~70 PJ of gas to date
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