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Alaskan Acreage Acquisition & Share Placement

  • Published July 30, 2013 12:49PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Rampart Energy Limited – Alaskan Acreage Acquisition & Share Placement

Rampart Energy Limited is an ASX-listed oil and gas exploration company with 38,000 net acres in the prolific petroleum producing North Slope of Alaska. The company is currently undertaking a share placement with DJ Carmichael as Lead Manager.

If you would like further details on the placement or would like to participate, please contact DJ Carmichael using the details below.

The North Slope of Alaska is a prolific oil province and home to the largest oilfield in the United States,Prudhoe Bay. Bearing testament to it as a globally significant destination is the presence of top shelf companies such as Shell, ExxonMobil, ConocoPhillips, BP, Statoil, ENI, Repsol and large independents such as Pioneer Natural Resources and Australia’s Linc Energy.

Rampart’s material acreage is potentially prospective for both conventional and unconventional oil and gas. Conventional prospectivity is via proximity to the Moose Tooth resource with an estimated 600mmboe located ~15km north east of the Western Block. Additionally the unconventional prospectivity of the region is highlighted by the US Geological Survey ranking of this, with main source units of the producing fields on the North Slope estimated to hold more than 50 billion barrels of OOIP, as the second most prospective domestically, behind only the Bakken Shale.

Additional acreage acquisition on the North Slope

  • Rampart will acquire an additional 5,000 net acre block with partner NASDAQ listed Royale Energy Inc (“Royale”)
  • Improves Ramparts total North Slopeacreage position to 43,000 net acres (from 38,000 net acres).
  • Acreage is adjacent to existing Western Block and will improve materiality of acreage holding which improves attractiveness for any possible farm-out discussions.
  • Farm-out process to commence 3Q 2013.

Hugely favourable fiscal terms

  • Highly incentivised state exploration rebate program which guarantees up to 85% of allowable expenditure on exploration activities refunded in cash by the state.
  • $1.2 billion refunded by Alaskan government to date.

Enviable, world class project location surrounded by E&P Majors

  • Acreage located in close proximity to the largest oil fields in theUS(Prudhoe Bay) and home to a number of major and super major oil and gas companies including Chevron, Shell, Repsol, ConocoPhillips, BP and Exxon Mobil.
  • Extensive exploration and development activity in region provides potential accretive transactional value to Rampart.
  • Region hosts potentially one of the last significant shale plays in theUS.
  • Proximity to infrastructure.

Material conventional and Unconventional potential

  • Conventional prospectivity via proximity to Moose Tooth resource, estimated 600mmboe ~15km north east of Western Block.
  • Unconventional prospectivity of the region is highlighted by the US Geological Survey ranking of this, with main source units of the producing fields on the North Slope estimated to hold more than 50 billion barrels of OOIP, as the second most prospective domestically behind only the Bakken Shale.
  • Netherland Sewell & Associates have been engaged to prepare an independent resource audit which should be finalised in August.

Major catalysts expected over the next 6 months

  • July – Strategic acreage acquisition on the North Slope.
  • August – Material resource report expected for Conventional acreage
  • September – Material resource report expected for Unconventional acreage
  • September – 3D Seismic Survey seismic award.
  • October – Commence farm-out process.
  • Ongoing – Industry activity in surrounding acreage.

DJ Carmichael Contact Information

David Rijkers
[email protected]
+618 9263 5233

Michael Nitsche
[email protected]
+618 9263 5214

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