Offshore Gippsland Basin – Exploration Permit – Vic/P47

Australia’s premier hydrocarbon province
Located 200 km east of Melbourne
Exploration commenced in 1924
Over 400 exploration wells drilled
Some 90,000 line km of 2D seismic
More than forty 3D seismic surveys
Gas infrastructure well developed with a network of pipelines to onshore gas processing facilities at Longford and Orbost.
Gas delivered across southeastern Australia as far as Sydney, Adelaide and Tasmania
Operators include Esso/BHP, Nexis, 3D-Oil and Cooper Energy
Esso/BHP have developed the Kipper gas field adjacent to Vic/P47 investing over $5.5 billion in the basin as part of its Kipper – Tuna – Turrum gas project

Vic/P47

EMP holds 100% of 202 km2 Vic/P47 Permit
EMP is Operator of the Permit
Water depths: 20 – 85 m
Two-gas discovery wells drilled within the permit:
Judith-1 drilled by Shell in 1989
Moby-1 drilled by Bass Strait Oil in 2004
3D seismic reprocessing, mapping and interpretation completed in August 2017
1.8 Tcf Gas in Place Estimate at Judith Prospect
Longtom gas field 15 km to west of Vic/P47 provides a good analogy for successful appraisal, potential development and production from Emperor Group Reservoirs at Judith
Judith is located 2 km north of the Kipper Gas Field recently into production by Esso / BHP
Application to renew permit for 5 years lodged with NOPTA in August 2017

Summary of Gross Contingent Resources for the Judith Discovery

(Gaffney Cline & Associates, 2013)

	Gas-in Place Bcf			Gas Recoverable Bcf Gross Contingent Resources
Block	P90	P50	P10	C90	C50	C10
Judith	67	155	368	37	101	276
Total	67	155	368	37	101	276
Unrisked Probabilistic	Gas-in Place Bcf 1			Gas Recoverable Bcf 2,3
Block	P90	P50	P10	C90	C50	C10
Judith	300	420	550	165	273	413
North	1200	1380	1550	600	897	1163
Total	1500	1800	2100	825	1170	1575