Empire Energy Investment Opportunity slide image

Empire Energy Investment Opportunity

Export Domestic McArthur Basin - Gas Commercialisation LNG processing infrastructure available well beyond current gas supply Strong Gas Demand • Massive buildout of East Coast LNG has created substantial domestic gas shortfall • LNG plant expansions could double installed capacity • Rapidly increasing Asian demand for LNG with strong prices Darwin City Gate D to Berrimah (LNG Pipeline DARWIN LNG 1 train/0.5Bcf/d 2 trains/1.4Bcf/d Wadeye ICHTHYS LNG 2 trains/1.2Bcf/d 6 trains/3.6Bcf/d WIN Wickham Point Pipeline McArthur River Pipeline Daly Waters Australia very strategically located to fulfil Asian demand with low sovereign risk NORTHERN GAS PIPELINE Pipeline Infrastructure There is already a pipeline in place going directly through Empire's EP187 tenement which allows for near-term commercialisation. Rights of way in place to build new, larger pipeline alongside existing pipeline. A 1.0 Bcf/d pipeline to Darwin would cost $1.5b, and could be expanded to 2 to 3 Bcf/d with compression. This cost could be borne by pipeline operators upon reserve certification by Santos / Origin / Pangaea / Empire Jemena has publicly stated that following lifting of the NT Fracking Moratorium it will increase its $800m investment in the Northern Gas Pipeline by up to $4bn to increase installed capacity from 90 Tj/day to 700 Tj / day¹ "Santos is focused on further exploring and appraising the McArthur Basin in the NT, a multi-TCF prospective resource position analogous to US shale plays. Santos' focus for this region is to support Darwin LNG backfill, expand our acreage footprint and explore and appraise the McArthur Basin."2 Amadeus Gas Pipeline Tennant Creek Alice Springs Mereenie Palm Valley Palm Valley to Alice Springs Pipeline 1: Jemena Media Release: Jemena welcomes decision to lift fracking moratorium (17 April 2018) 2: www.santos.com/what-we-do/assets/northern-Australia/ Mt Isa Cannington Townsville North Queensland Gas Pipeline - Moranbah AUS-PACIFIC LNG 2 trains / 1.3Bcf/d 4 trains / 2.6 Bcf/d EMPIRE energy Carpentaria Gas Pipeline Barcaldine GLNG Gas Transmission Pipeline Dawson Valley Pipeline Queensland Gas Pipeline Peabody Mitsui Gas Pipeline Dawson Valley Fairview Scotia Cheeple- Barcaldine Pipeline Comet Ridge to Wallumbilla Pipeline Glentullocke Heedy Creek Cheeple Spring Gully Wallumbill Pipeline Ballera South West Queensland Pipeline Current Total: 9 trains / 5.3Bcf/d Potential Total: 18 trains / 10.8Bcf/d LNG hampton LNG CURTIS LNG 2 trains / 1.2Bcf/d 3 trains / 1.8Bcf/d tis Island LNG LNG Gladstone APLIN GLADSTONE LNG Pipeline Bund 2 trains/1.1Bcf/d Wallumbilla Bellevue 3 trains/1.4Bcf/d Gladstone Maryborough Pipeline Berwyndale to Wallumbilla Pipeline Berwyndale South Darling Downs Kinco Silver Springs Darling Downs Pipeline Kincora to Wallumbilla Pipeline Australian Gas Networks (Qld) BRISBANE Allgas Gast Network Roma-Brisbane Pipeline Plant Status COP's Darwin Online QCLNG Online Operator ConocoPhillips Capacity 0.5 Bcf/d 1.2 Bcf/d GLNG Online Santos 1.1 Bcf/d APLNG Online 1.3 Bcf/d Ichthys LNG Commissioning INPEX 1.2 Bcf/d Total 5.3 Bcf/d 12
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