1 / 13

Mahona Energy – Agenda

Mahona Energy – Agenda. The Hobby Prospect Use of GeoDIRK Expert System The “Six-Pack” Concept Funding and/or Farm-In Questions / Team Available at Lunch. Mahona Energy – Hobby. Information from 2007 BERR CD Upper Jurassic Potential of ~ 75 MM bboe Drill/Drop License Issued from Today

raquel
Télécharger la présentation

Mahona Energy – Agenda

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mahona Energy – Agenda • The Hobby Prospect • Use of GeoDIRK Expert System • The “Six-Pack” Concept • Funding and/or Farm-In • Questions / Team Available at Lunch mahona.com

  2. Mahona Energy – Hobby • Information from 2007 BERR CD • Upper Jurassic • Potential of ~ 75 MM bboe • Drill/Drop License Issued from Today • Confirmed by our Own Geophysical Analysis • Re-confirmed by Our GeoDIRK Study • Part of the First “Six Pack” Study Group mahona.com

  3. B Mahona Energy – Hobby Location mahona.com

  4. Geodirk shows Strat trap on the dip line. Mahona Energy -- Hobby mahona.com

  5. Mahona Energy - Hobby • Field Exploitation • Further Seismic Acquisition • Further GeoDIRK Study • Drill/Drop Decision • Exploration Drilling • Subsea Tie-Back [Contingent Funding] Estimated Landed Cost USD 25/bbl First Oil Mid to Late 2011 mahona.com

  6. Mahona Energy - GeoDIRK • Unique Expert System, Converting Seismic to Porosity / Permeability • Under Development Since 1992 – DTI, University Reports, Field Use • Challenge is “Not Invented Here” – cf ExxonMobil and Success with CSEM ! • Exploration Example – Mahona, et al • Production Example – Caspian Sea mahona.com

  7. Mahona / GeoDIRK in Production mahona.com

  8. Mahona Energy with GeoDIRK The “Six Pack” Concept [1] • USD 500 Bn p/a Spent on Exploration • Around 2/3 is Wasted • Also Gated by Non-Availability of Talent • A New Approach is Required • “Six Pack” Offers This mahona.com

  9. Mahona Energy with GeoDIRK The “Six Pack” Concept [2] • “First Catch Your Hare” • AKA – Use Existing Seismic Data • Take 50 Sets of Available Seismic Data • Process via GeoDIRK • Discard “Worst” 50 Percent • Re-Process / Re-Shoot as Appropriate • Distil to “Top Six” mahona.com

  10. Mahona Energy with GeoDIRK The “Six Pack” Concept [3] Of Those Top Six, Estimate that Three Will Deliver 70 MM bbl Each LOW COST, QUICK HIGH RETURN And do it Again, and Again . . . mahona.com

  11. Mahona Energy – Funding • To Year End 2010 – USD 2.5 MM • Fully Establish Company • Prepare Hobby Block • Identify / Process Initial “Six Pack” Possible 2 Billion bbls and 3.5 Tcf Gas • Mid 2010 – Decide Drill / Drop on Hobby • Drilling for Cash? • Farm In? Sell “Oil in the Ground”? • Market Conditions / Oil Price? mahona.com

  12. Mahona Energy - Funding • To YE 2011 – Position Company • To be Able to Apply for, and Operate, Traditional UK Licenses – Landward and Seaward • Ditto for Other Appropriate Areas • Light Sweet Oil • Politically Stable • Tax Attractive • Gas Extraction / CO2 Storage? • Start Implementing Alternative Energy R&D Programme • Identify and Implement Exit Route for Early Investors as and if Required mahona.com

  13. Mahona Energy – Questions ? mahona.com

More Related