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RIU GoodOilConference Perth to open with financing perspective from Westpac’s Mark Beeley

The conference continues today, with highlights including a presentation from Santos on how becoming the lowest cost operator delivered growth to the company.
Men shaking hands in front of Oil wells
With a pick-up in the market, deals could be on the cards

RIU GoodOilConference Perth will deliver more good oil for the industry during day two of the event, as Westpac Banking Corp’s (ASX:WBC) (NZE:WBC) (FRA:WBC) (NYSE:WBK) Westpac Institutional Bank energy and resources director Mark Beeley opens with a talk on Financing Considerations.

Beeley will speak at 8.30am at Hyatt Regency Perth and continue an institutional bank theme started by his colleague economics director Justin Smirk yesterday who future-gazed at an industry outlook session yesterday titled Trump, China, & Electric Vehicles. What is Next for Oil & Gas?

Early morning session

Beeley will be followed by Invictus Energy Ltd (ASX:IVZ) managing director Scott Macmillan at 8.45am, Finder Exploration Pty Ltd commercial advisor Damon Neaves at 9am, Cue Energy Resources Ltd (ASX:CUE) CEO Matthew Boyall at 9.15am, Norwest Energy NL (ASX:NEW) managing director and CEO Shelley Robertson at 9.30am, Metgasco Ltd (ASX:MEL) executive director Ken Aitken at 9.45am and FAR Limited (ASX:FAR) managing director Cath Norman at 10am.

A map for FAR's Samo-1.

A map for FAR's Samo-1.

READ: FAR Ltd granted government approval for PETRONAS farm-out in blocks A2 and A5, The Gambia

FAR was granted a government approval for its farm-out of blocks A2 and A5 to coventurer PETRONAS in The Gambia.

In exchange for a 40% stake, Malaysian oil industry major PETRONAS will fund 80% of exploration well costs of Samo-1 well up to a US$45 million cap.

FAR’s managing director Cath Norman said two weeks ago, “By securing the approval of the Gambian Ministry of Petroleum and Energy, FAR has achieved another milestone towards its objective of drilling the substantial oil resource potential of the highly prospective blocks A2 and A5 in The Gambia.”

The partners are expected to drill the first exploration well in the small West African country since 1979.

GoodOil delegates will break for morning tea at 10.15am.

Delegates will converge at Hyatt Regency Perth for a second day

Delegates will converge at Hyatt Regency Perth for a second day.

Late morning session

GoodOil’s late morning session today will open with an address from Upstream Production Solutions technical general manager Neil Clegg at 10.45am who will speak on Flexible Operations Models for Today.

Clegg will be followed by Strata-X Energy Ltd (ASX:SXA) CEO Tim Hoops at 11am, Leigh Creek Energy Ltd (ASX:LCK) corporate and investor relations Tony Lawry at 11.15am, Cooper Energy Ltd (ASX:COE) managing director David Maxwell at 11.30am and Oilex Ltd (ASX:OEX) managing director Joe Salomon 11.45am.

READ: RIU GoodOilConference Perth attracts oil and gas plays on the hunt for juniors

Elixir Petroleum Ltd (ASX:EXR) managing director Dougal Ferguson will give an address at noon before Geoscience Australia onshore energy systems geochemist Amber Jarrett delivers a presentation at 12.15pm on Exploring for the Future — Petroleum Geochemistry of Northern Australia before delegates pause for lunch at 12.30pm.

The full conference program is available online at riuconferences.com.au/conferences/goodoil2018.

The conference program is available online.

Early afternoon session

WA Department of Mines, Industry Regulation and Safety senior geophysicist Alex Zhan, from the Geological Survey of WA, will open the post-lunch session, profiling the department’s Geophysical Projects in the Canning Basin of Australia.

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo will then speak at 1.50pm before Sacgasco Ltd (ASX:SGC) managing director Gary Jeffery gives a presentation at 2.05pm, Triangle Energy (Global) Ltd (ASX:TEG) director Darren Bromley talks at 2.20pm, Icon Energy Ltd (ASX:ICN) managing director Raymond James speaks at 2.35pm, Armour Energy Ltd (ASX:AJQ) CEO Roger Cressey presents at 2.50pm and Buru Energy Ltd (ASX:BRU) executive chairman Eric Streitberg gives an address at 3.05pm before the 3.20pm afternoon tea break.

READ: Buru Energy production at Ungani Oilfield nears 1 million barrels, Trafigura lifts another 51,962 barrels

Buru’s production level at Ungani Oilfield in WA is approaching 1 million barrels, with the number of barrels of oil lifted from Trafigura increasing by 51,962 barrels gross.

Buru’s share of the increase was 25,981 barrels.

The WA government approved Roc Oil Company Limited farm-in to a 50% stake in three Canning Basin exploration projects three weeks ago.

Ungani field is located onshore in Canning Basin about 100 kilometres east of Broome in the Kimberly region.

 

Presentors are delivering their talks in the Hyatt's North Ballroom.

Late afternoon session

NHC subsidiary Bridgeport Energy Ltd CEO Chris Way will give the first presentation following afternoon tea, speaking at 3.50pm.

Way will be followed by Santos Ltd (ASX:STO) (OTCMKTS:SSLZY) conventional oil and gas executive vice-president Bruce Clement at 4.05pm who is outlining up the company’s story in a 4.05pm talk titled How Transformation to Lowest Cost Operator Helps Deliver Growth: The Santos Story.

READ: RIU GoodOilConference Perth and WA Petroleum Day to put oil and gas players centre stage

Key Petroleum Ltd (ASX:KEY) managing director Kane Marshall will then take the stage at 4.25pm before Red Sky Energy Ltd (ASX:ROG) managing director Andrew Knox at 4.40pm and Vintage Energy Ltd (ASX:VEN) operations executive Michael Dodd at 4.55pm.

Murphy Australia Oil (NYSE:MUR) exploration manager Paul Carroll will then give the closing address at 5.10pm on Thursday.

The conference will finish at 5.30pm and be followed by WA Petroleum Day at the same venue the next day.

To view the GoodOil Thursday program or register for the conference, visit the RIU GoodOilConference website.

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