Investor Presentaiton
Mont D'Or: West Salawati PSC
Exploration upside within a proven hydrocarbon basin and utilizing an established oil egress network
10km
20
20
1
19
E2
12b
13
10
21
E1
9
D
14
8
15
(7 MMbbl)
3X
(25 MMbbl)
Balladewa
Cluster
(2 MMbbt)
All volumes are unrisked estimated ultimate recovery. Lead 3X and Lead 15 are Managements
Estimates.
West Salawati PSC
Gas Fields
Prospects/Leads
Oil Fields
#
CRITERIUM
6 miles - 9.65 km
31 32 33 34
30 29 28
ENERGY
19 20 21 22 23 24
10
16 13 14
7 8 9 10 11
65
Alberta Township System (ATS)
West Salawati value creation strategy
1. Production Optimization
"
C
CRITERIUM
ENERGY
Only 4% recovered from BLL-A field¹. Analogue fields produce up to 15%²
Workover to be conducted in Q1 2024
Opportunity exists for sidetrack of current well or infill development
2. Step-out development (Balladewa Cluster)
Certified prospective resource of 2 MMbbl directly offsetting BLL-A²
Cost effective tie-ins can utilize spare capacity at existing facilities and egress routes
Fully defined on 3D seismic
3. High impact exploration
"
Management has identified an additional 19 prospects/leads from 2D seismic.
Notable prospects include Lead 3X (25 MMbbl) and Lead 15 (7MMbbl)³.
Prospects outside of the Balladewa Cluster are not included as Prospective Resources
and will be added promptly
Note: We take a disciplined approach to exploration and will aim to maximize our net carried
interest in the West Salawati PSC via partnerships and/or farm-ins.
West Salawati PSC has an area of 970 km² (240,000 acres) which is equivalent to ~10
townships in Alberta
1 The Reserve Repport
2 Based on Bagong 1 & Bagong 2 well performance
3 MOPL Estimates
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