the rig used for the 2014 phoenix south-1 discovery little...

Atwood Eaglethe rig used for the 2014 Phoenix South-1 discovery

Little things make big things happen…Finder Exploration Pty Ltd PESA Deal Day – May 2017

approximate limits of the oil and gas

kitchens(schematic)

Northwest Shelf Australia – 17 Permits – 4 with an ORRI

Ichthys

Jansz/Io

Brecknock/Calliance

Petrel

Bayu/Undan

Rankin Trend

Poseidon

Torosa

Argus

GorgonPort Hedland

Broome

Dampier

Derby

Wadeye

Scarborough

AC/P 45100%*

AC/P 61100%*

WA-500-P100%*

WA-418-P35%

AC/P 55100%*

WA-468-P100%*

WA-412-P100%*

EP 483 & TP/25100%*

AC/P 56100%*

AC/P 5220%

WA-59-R25%

WA-520-P100%*

Phoenix Sth

Roc

Mutineer

Darwin

Prelude

Cash/Maple

Blacktip

Tern

Finder has:

• utilised its knowledge & databaseto bid and acquire acreage ingazettal rounds and farminssince 2004

• delivered our current net acreage holding of ~23,300 km2 in key proven hydrocarbon kitchens on NWS

• material participating interestsMacedon/Pyrenees100 km

EP 493100%*

Phoenix Sth

Roc

Growth driven by new data!

Ichthys

Jansz/Io

Brecknock/Calliance

Petrel

Bayu/Undan

Rankin Trend

Poseidon

Torosa

Argus

GorgonPort Hedland

Broome

Dampier

Derby

Wadeye

Scarborough

Darwin

Prelude

Cash/Maple

Blacktip

Tern

Macedon/Pyrenees

Seismic database:

~25,800 km2 of new data +~18,800 km2 of reprocessed data• since 2010 ~18,000 km2 of data

across 12 surveys & 12 Permits• ~1,900 km2 of brand new 3D seismic

over 3 Permits• and ~5,100 km2 & ~9,800 km of brand

new 3D/2D seismic in the Bedout+ Theia-1 data well100 km

Mutineer Theia

Unlocking new hydrocarbon provinces

Ichthys

Jansz/Io

Brecknock/Calliance

Petrel

Bayu/Undan

Rankin Trend

Poseidon

Torosa

Argus

GorgonPort Hedland

Broome

Dampier

Derby

Wadeye

Scarborough

Mutineer

Darwin

Prelude

Cash/Maple

Blacktip

Tern

Macedon/Pyrenees

Olympus

Roc

Phoenix Sth

100 km

TheiaFinder’s geoscience excellence has unlocked resources in two new emerging hydrocarbon provinces

1. Bedout Sub-basin Phoenix South/Roc (2014/2015)

2. Goldwyer shale oil/gas resourceTheia (2015)

Finder discovered 3 fields and a shale resource!

Slide 5

Bedout Sub-basin – 100% success in emerging province• Finder operated first 3D seismic in Bedout Sub-basin• 2012 Farm out to Apache (now Quadrant) & JX Nippon • 2014 Phoenix South-1 oil discovery• 2015 Roc-1 wet gas discovery

PhoenixSouth-1

3D visualisation of near top hydrocarbons

Roc-1

Barret Member~4,160m

Caley Member~4,380m

Phoenix-1 Phoenix-2

Roc-2*

PhoenixSouth-2*

• 2016 Finder transacted with Quadrant forsuccess payments and royalty

• Quadrant and Carnarvon continued success• 2016 Roc-2 flowed 51 mmscf/d + 2,943 bblc/d

• 2016 Phoenix South-2 wet gas discovery

• 2017 Dorado-1 planned drilling

Phoenix Sth

Roc

WA-435-P WA-436-P

WA-438-PWA-437-P

Port Hedland

~130 km

Phoenix

Roc-2 well test

Slide 6

Unlocking the Goldwyer Shale Oil Resource

Limited/no potentialSignificant potential

Top Goldwyer III Depth Map

- 3000 m

- 2000 m

- 1000 m

Theia-1

map limit

EP 493

Broome

OIP – Oil in Place, GIP – Gas In Place, GOR – Gas Oil Ratio

• Regional studies and Theia-1 unlocked Goldwyer Shale potential• ~OIP 42,000 bbls/acre, equivalent to Eagle Ford OIP• Unrisked OIP ~ 35 billion bbls, plus• 24 Tcf associated GIP• Calculated GOR 2,000 scf/bbl

Goldwyer III Well Intersections

Maintaining exploration momentum through the downturn

Since January 2015, Finder has;• Drilled 3 exploration wells (2 discoveries)• Acquired ~ 6,971 km2 and ~9,800 km

seismic data• Reprocessed > 6,200 km2 seismic data• awarded 2 new Exploration Permits• 1 outstanding bid - awaiting results

Multiple opportunities to join in Finder’s next successful

exploration campaign

AC/P 61 (new award)

AC/P 55Quoll MC3D and pSDM repro

AC/P 45pSDM repro and QI

EP 493Theia-1 drilled

WA-436-P to WA-438-PRoc-1 drilled

MC2D and MC3D seismicdivested for Royalty

WA-418-PHyde-1 drilled

WA-520-P (New award)Exmouth MC3D

Farmout “under offer”

WA-500-PpSDM repro, Dunnart MC2D & QI

WA-412-PLicensed MC3D repro

EP 483 & TP/25Numbat MC3D

Farmout in-progress

WA-468-PpSDM repro

$100

$60

$140

Brent Crude Oil Price (nasdaq.com)

2008 2010 2012 2014 20162015Be

dout

Roc

Finder Exploration - Carnarvon Basin Opportunities

Jansz/Io

Rankin Trend

Gorgon

Port Hedland

Dampier

Scarborough

WA-500-P100%*

WA-418-P35%

WA-468-P100%*

WA-412-P100%*

EP 483 & TP/25100%*

WA-59-R25%WA-520-P

100%*

Phoenix Sth

Roc

Mutineer

Barrow Island

Achilles/Satyr

Clio

Pluto Wheatstone

PyreneesMacedon

Vincent/Enfield

50 kmN

Oil/Gas Field

Oil/Gas Prospect or Lead

Gas Pipeline

Finder Permit

Gas Discovery

Ready to drill

Early entry exploration

Farm-in OpportunityAvailable

Nebo

Wanea/Cossack

Lambert

Reindeer

Wandoo

KapteynProspect

EagleProspect

EP 483 & TP/25 - Eagle Prospect – Dataroom in progress

Onslow

Exmouth

Eagle Prospect

Griffin

Macedon Gas Plant (2014)200TJ/day domgas

Tubridgi Gas Storage (2017)

Wheatstone LNG (~2017)2 trains + 200 TJ/d domgas

Coniston

Vincent/Enfield

Stybarrow

25 km

N

Roller/Skate

Saladin

Chervil

Tubridgi

Macedon

A large AVO supported drill ready prospect, in a proven hydrocarbon province and close to infrastructure

TP/25 & EP 483

RMS FAR STACKTRR (10-110ms)

Wet gas pipeline 35 km – 50 km to shore

NTop Mungaroo Depth MapNumbat MC3D pSDM

2,000

4,900

Eagle Prospect

• Large trap ~33 km2, Mungaroo reservoir target (~2,500 m)• Numbat 3D - first 3D seismic acquired on Permit• Mean Gas-In-Place > 2 TCF (60 mmblc) with high-side up to

4 TCF (160 mmblc)• Shallow water, < 50 m and cheap drilling ~US$15-20 million• Multiple development options provide rapid commercialisation

opportunities• Very attractive project economics confirmed by RISC

EP 483 & TP/25 - Eagle Prospect – Numbat MC3D pSDM NEAR

C DA B

C

D

A

B

KV

K/PIS10

KA

JH

JS

TRR

JO

TRRTRR – Top Mungaroo Sands

Numbat MC3D courtesy of Processed by

Dingo Claystone

EP 483 & TP/25 - Eagle Prospect – Numbat MC3D pSDM FAR

TRRTRR – Top Mungaroo Sands

C

D

A

B

Nth Santo Prospect (Cret.)

Muderong ShaleBirdrong sst KV

K/PIS10

KA

JH

JS

TRR

JO

C DA B

Numbat MC3D courtesy of Processed by

WA-500-P – Kapteyn Prospect – Dataroom Q1 2018• New data - 1,200 km2 pSDM reprocessing and 210 km

long offset 2D to unlock the deeper Mungaroo potential• 3 main play levels – Triassic Mungaroo; Jurassic Io-Jansz

equivalent & Cretaceous basin floor fans• Tie-back opportunity through existing gas infrastructure• G&G work ongoing• Ready for farmout Q1 2018

Triassic 3D pSDM depth Triassic 3D far amplitude

Urania NthKapteyn

Rankin Trend

Jansz/Io

PlutoWheatstone

WA-500-P100%*

Dunnart MC2D arbline courtesy of

mid stack

ultra far stack

Noblige

Kapteyn

Noblige

mid stack

ultra far stack

Strong AVO

Processed by

Finder Exploration - Browse Basin Opportunities

Ichthys

Brecknock/Calliance

Poseidon

Torosa

Argus

AC/P 45100%*

AC/P 61100%*

AC/P 55100%*AC/P 56

100%*

AC/P 5220%

Prelude

Cash/Maple

Burnside

Lasseter

Crown

50 kmN

Oil/Gas Field

Oil/Gas Prospect or Lead

Gas Pipeline

Finder PermitReady to drill

Early entry exploration

Farm-in OpportunityAvailable

AC/P-45 – Alpha Oil Prospect• 3D drill ready Alpha Prospect with

• ~ 200 mmbbls 67T Puffin target +• ~ 155 mmbbls 68T Puffin target + • ~ 400 mmbbls Triassic

• New repro broadband pSDM data and QI• Multiple follow up prospectivity on block Epsilon (~ 300 mmbbls)

+ Zeta (8.9 TCF)• Latest GA modelling supports seabed sampling liquids charge• Jack up water depths – 100 m

Delta-1NEW repro pSDM 3D seismic data

SSENNW

Alpha

Delta-1

67T

KV

KS/C

NEW QI dataspills to south

Puffin

Skua

Montara

Cash/Maple

AC/P 45100%*

AlphaEpsilon

Iota

Zeta

AC/P55AC/P56

Alpha

Epsilon

67T (Top Puffin Sands) Depth Map

Delta-1spills to south

Cartier MC3D courtesy of Processed by

Browse Basin Charge - charge into Alpha• Finder sea-bed sampling survey with assistance of CSIRO – 2013/2014• Sample 13A – recovered just north of Alpha Prospect showed

evidence of active thermogenic charge• Geochem analysis conducted by Geoscience Australia showed -

“carbon isotopic compositions of C22-C36 linear alkanes reveal survey samples would fit in Lower Cretaceous (ie Echuca Shoals) oil family from the Browse Basin”

• SEAPEX 2017 presentation by GA showed basin modelling insight• Echuca Shoals and Vulcan source kitchens adjacent to AC/P45 –

shorter distance migration than Gwydion and Cornea…

GA J40-K10 Vulcan sourced hydrocarbons

GA K20-K30 Echuca Shoals sourced hydrocarbons

Modified after Geoscience Australia -Rollet et al. 2017 SEAPEX presentation

Cronus

AlphaEpsilon

GA Assessment Comparison oils:Vulcan Sub-basin in green / Brecknock/Scott Reef trend in yellow/orangeIchthys Field in pink / sourced from the Lower Cretaceous Echuca Shoals in blue

Cronus

AlphaEpsilon

evidence of oilactive thermogenic

charge

JO (T

WT)

AC/P-61 – Gem Prospect

JO

SW NE

Gem Prospect

KVDJT37

JO

JK

• Gem oil prospect - 130 mmbbls OOIP and multiple follow-up leads within Permit

• Surrounded by hydrocarbon discoveries

• FPSO commercialisation options – sub-sea tie-back of Gem and surrounding oil fields (ie Montara analogue)

• Short development timeframe potential

• Minor 3D reprocessing commitments

• Early entry available to acquire new 3D seismicCockell-1

Gem Prospect ~ 8.0 km2

JO (Oxfordian) time map

Oliver

AC/P 61100%*

Audacious 2C 15.7 mmbbls*

Challis~60 mmbblsabandoned

Jabiru 115 mmbblsabandoned

Cash/Maple

Tenacious2C 9.2 mmbbls*

Gem Mean Rec.65 mmbbls

Douglas UpdipMean Rec.15 mmbbls

Notional Development Schematic

Tenacious

Gem Prospect

Douglas Updip

Audacious

*PTTEP farmout brochure 2012

• Modern advancements in seismic acquisition and processing techniques has greatly improved imaging of Jurassic, Triassic and Permian sequences.

Modern seismic data – unlocking hidden seismic events

Cygnus MC3D Phase 2 seismic data courtesy of Polarcus – processed by DUG

For more information see them in the APPEA Exhibition Hall

Onnia openfile

Cygnus Phase 2 MC3D

Opportunity2017 2018

Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018+

WA-520-P“under offer”

EP 483 & TP/25Eagle Prospect

AC/P61Gem Prospect – oil hub

AC/P-45 & AC/P-55Alpha/Bonza/Zeta

WA-412-PKanga Prospect

WA-468-PAnderson Hub or 3D

WA-500-PKapteyn

EP 493Helios-1/1H

Timeline of Opportunities

3D

3D

3D

G&G

G&G

G&G

G&G

Farmout & Dataroom

Farmout & Dataroom

Farmout & Dataroom

Farmout & Dataroom

Farmout & Dataroom

Farmout & Dataroom

Finder Shale – Goldwyer Resource Opportunity

Country Australia US

Basin Goldwyer III(EP 493) Eagle Ford Niobrara Bakken

Age Ordovician Cretaceous Cretaceous Late DevonianDepth (feet) 4,600 - 6,200' 8,000 - 12,000' 7,000 - 9,000' 7,000 - 11,000'

Thickness (feet) 250 - 370' 150 - 350' 270 - 375' 20 - 140'TOC (%) 2.3 - 4.4 2 - 6.5 4 - 4.5 2 - 18

Total Porosity (%) 8 - 11 4 - 15 10 - 18 3 - 12OOIP (MMBOE/640 Acres) 25 - 64 27 - 57 20 - 30 5 - 10

• 860,000 acres liquids rich fairway within EP 493• High graded to global scale opportunity through Theia-1 2015

drilling

• Shallow drilling (1,550 m TVD) with flexible development options

• Participation available in next phase• 2018+ drill and test to prepare for early commercialisation

EP 493

Broome

Port HedlandKarratha

100 km

Derby

A world class liquids resourcewith material equity available

Theia-1 Trilobite

TVD – Total Vertical Depth, OOIP – Oil Originally In Place

Shane WestlakeCEO

+61 8 9327 [email protected]

Jan OstbyDirector


Aaron BondGeoscience Manager


Ryan Taylor-WalsheOnshore Manager


Damon NeavesCommercial Advisor


Contact the Finder team at APPEA 2017….

The information, statements, opinions, data or other material (“Information”) contained within this document have been prepared by Finder Exploration Pty Ltd (“Finder”) with reasonable care and no representation, warranty, orundertaking, express or implied, is made by Finder in relation to the adequacy, accuracy, completeness, correctness, fairness or usefulness of the Information disclosed herein. Use of the Information shall be at a third parties ownrisk and third parties should undertake their own independent assessment of the Information and verify all information upon which it intends to rely, to its own satisfaction. Finder accepts no responsibility or liability for any errors oromissions from the Information, however caused.

www.finderexp.com 9 Richardson Street West Perth

the rig used for the 2014 phoenix south-1 discovery little...

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