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Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Energy Investments & Management.

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Presentation on theme: "Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Energy Investments & Management."— Presentation transcript:

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2 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Energy Investments & Management

3 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Dale Steinkuehler President and Co-founder Tulsa, Oklahoma, USA

4 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17

5 ASHOKA STAMBHA Symbol of Peace and Goodwill Thank You

6 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Today’s Presentation MaxEx Virtual Drilling Power of MaxEx Unique Indian Opportunities India Oil and Gas

7 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 What is MaxEx™? Drill your high-potential prospects first Improve drilling efficiency by up to 24 times Reduce frontier program costs 90% or more MaxEx – Maximize Exploration Results

8 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Proprietary exploration technology that produces a well log without drilling a hole Used for over 20 years Z-Scan Electromagnetic (EM) Survey What is Virtual Drilling ™ ?

9 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Areas of Operation USA Canada Australia Mexico Middle East

10 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Near 100% success rate in detecting the absence of hydrocarbons Approximately 50% success rate in calling commercial wells

11 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 20 minutes to record Virtual Drilling Data to 6,000 meters Only log area of interest - “window” Windows as small as 150 meters per well

12 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Virtually Drill (process) 3,500 - 4,000 meters per week Equal to up to 24 to 27 wells per week

13 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Z-Scan Resolution Depth within 8 meters @ 1,500 meters Horizontal < 1% ( 5 meters @ 600 meters) Unit Thickness 1.5 meters

14 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17

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16 Provides inferred porosity and permeability

17 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Provides inferred lithology

18 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Complement to seismic

19 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Can identify stratigraphic traps

20 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Stand alone logging tool

21 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Z-Scan Limitations Fresh water Surface or clouds Solar interference

22 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17

23 100% digital version 12,000 meters to as many as 30,000 meters per week First round of beta testing DigiLog

24 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Briny water makes the sea bottom = dry land Only need a small boat Offshore

25 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Successfully used in Louisiana marshes Limited use but Louisiana work confirms it will work offshore Offshore

26 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17

27 Virtually Drill Structure Identify Most Prospective Locations Drill Most Prospective Locations

28 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Cairn Rajasthan Block MaxEx probably would have recommended drilling Mangala first

29 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Conventional Success Rates 1.0%5.0%10.0% Conventional 100 MaxEx (35% success rate) 31429 Fewer Wells Drilled 978671 Frontier Program Wells Drilled

30 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Conventional Success Rates1.0%5.0%10.0% Fewer Wells Drilled w/MaxEx978671 Years Saved - 1 Month per Well8.17.25.9 Years Saved - 3 Months per Well24.321.517.8 Frontier Program Years Saved

31 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Conventional Success Rates1.0%5.0%10.0% Drilling Costs (millions of $)$101.0$105.0$110.0 Percentage of Conventional Cost*96%82%65% Well Costs: Dry Hole $1,000,000 Completion 1,000,000 Frontier Program Costs Saved * Savings before MaxEx costs

32 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Conventional Success Rates10%20%40% Conventional100 MaxEx (50% success rate)204080 Fewer Wells Drilled806020 Exploration Program Wells Drilled

33 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Conventional Success Rates10%20%40% Fewer Wells Drilled w/MaxEx806020 Years Saved - 1 Month per Well6.75.01.7 Years Saved - 3 Months per Well20.015.05.0 Exploration Program Years Saved

34 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Conventional Success Rates10%20%40% Drilling Costs (millions of $)$110.0$120.0$140.0 Percentage of Conventional Cost*75%50%14% Well Costs: Dry Hole $1,000,000 Completion $1,000,000 * Savings before MaxEx costs Exploration Program Costs Saved

35 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17

36 Deccan Traps Middle East Size Potential Volcanics great traps Z-Scan only seeks presence of hydrocarbons Deccan one of the largest volcanic provinces >> Virtually Drill Syneclise Volcanics an Asset

37 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Himalaya foreland Rugged terrain Remote locations Significant environmental issues Immense Potential…but

38 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Himalaya foreland Easily access remote locations in rugged terrain Environmental impact almost none “take only readings, leave only footprints” but … MaxEx Extremely Mobile

39 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 India Oil & Gas

40 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Home of Elephant Fields

41 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Lots of Elephants 2002 Reliance KG 7 TCF find

42 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 2004 Cairn 1.0 billion barrel Rajasthan find

43 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 2005 20 TCF KG basin by GSPC

44 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 2006 ONGC KG basin possibly +7 TCF

45 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 2006 ONGC Mahanadi possibly +21 TCF

46 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Open for Business 7 year income tax holiday Royalty Oil12.5% Gas 10.0% Bid other consideration to GOI 100% foreign ownership of oil & gas projects

47 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17

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49 MaxEx Maximize Exploration Results “Drill Mangala first!”

50 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 The Future DigiLog Offshore Virtual Drilling ™

51 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Time - Saves up to 24 years “Time is Money” Power of MaxEx ™

52 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Money - Saves 90% or more of frontier program costs Saves 90%

53 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Volcanics An Asset >> Unique India Opportunities Deccan Traps Middle East Size Potential

54 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 MaxEx Extremely Portable “takes only readings, leaves only footprints Himalaya Forelands Immense Potential Himalaya Forelands Immense Potential Unique India Opportunities

55 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Find It & Keep It High Potential Opportunities Tax Holiday & Low Royalty Low Political Risk

56 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 INDIA and ENSAGA A Powerful Combination

57 Copyright 2007 Ensaga Energy Group LLC. All Rights Reserved. PetroTech.2007.01.17 Energy Investments & Management

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