ADX Energy Ltd · ASX:ADX
ADX Energy — Shareholder Meeting (May 2014)
38 slides from ADX Energy's shareholder meeting presentation, May 20, 2014
Slide 1: Additional Information – AGM Presentation Lodged 8 May 2014
ASX Release 20 May 2014 For personal use only Additional Information – Annual General Meeting Presentation Lodged 8 May 2014 ADX Energy Limited (ASX:ADX) would like to provide the following additional information relating to its release on 8 May 2014 of the AGM Presentation. Certain slides on the
Slide 2: ADX Energy Annual General Meeting
For personal use only ADX ENERGY ANNUAL GENERAL MEETING 08 May 2014 PERTH www.adx-energy.com 1
Slide 3: Corporate Summary
For personal use only CORPORATE SUMMARY ASX listed international energy explorer (ASX:ADX) Headquartered in Perth, Western Australia Operations offices in Vienna, Austria and Tunis, Tunisia 24% interest in Riedel Resources. (ASX listed Gold and Base metal explorer, ASX:RIE) 2
Slide 4: Corporate Strategy
CORPORATE STRATEGY For personal use only Corporate Strategy Early entry to high impact exploration opportunities in proven oil and gas basins where management has track record. Commercialisation of existing discoveries. Operating Strategy Maintain operatorship through the exploration - apprais
Slide 5: Portfolio Snapshots
PORTFOLIO SNAPSHOTS DOUGGA-1 Dougga For personal use only Dougga-West DOUGGA-WEST DOUGGA-1 BACKTHRUST LEAD DOUGGA Kerkouane-Deep A A’ UPDIP APPRAISAL Additional updip reservoir section A Dougga-1 A’ proj. A Dougga A’ DOUGGA-WEST Ain Grab ~30 km² 4 way dip closure Birsa Map Canyon? Lambouka-1 Lambouk
Slide 6: Offshore Portfolio – Sicily Channel
OFFSHORE PORTFOLIO – SICILY CHANNEL Combined contingent and prospective unrisked For personal use only resources: 1.2 billion BOE Contingent resources: 173 mmboe Prospective resources: 1,027 mmboe Kerkouane-1 Elissa Lambouka Dougga – West (226 mmbbls ) prospective resource Dougga (173 mmboe) conting
Slide 7: Kerkouane permit - Dougga West prospect
Kerkouane permit - DOUGGA WEST prospect: Miocene Sandstone oil target Low Best High Prospective Resources* [mmboe] 32 226 557 For personal use only *Prospective resources were calculated using the probabilistic method . Conversion factor: 1B0E=5.620 scf Resource estimates apply to Upper Birsa reserv
Slide 8: ASX listing rule 5.28.2
ASX listing rule 5.28.2 For personal use only The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both a risk of discovery and a risk of development. Further explorati
Slide 9: Proven Oil Trend: Belli Field (Tunisia)
PROVEN OIL TREND: BELLI FIELD (TUNISIA) For personal use only Nilde oil field Dougga West Source: Marathon Belli oil field Belli-1A Testing 5800 BOPD at 1600m (Bou Dabbous fractured marl! High porosity Birsa sst. absent) 8
Slide 10: Proven Oil Trend: Nilde Field (Italy)
PROVEN OIL TREND: NILDE FIELD (ITALY) For personal use only Nilde oil field NW Lead Dougga West Prospect Dougga Field SE Dougga West Belli oil field Kerkouane-Tunisia 3D seismic section Remarkable regional continuity of structural NW Nilde Field SE belts across major recent wrench – graben systems D
Slide 11: DW Economics: NPV(10), $/bbl
DW ECONOMICS: NPV(10) , 90 $/bbl For personal use only Note: for Upper Birsa reservoir only, no deeper upside included • Contractor NPV 1406 MM$ • Total CAPEX 367 MM$ • Resources 226 mmbbl • Production 2017- 2037 • PSC 40% cost oil • Oil price: 90 US$/bbl 2014 • Inflation 2.5% p.a. Note: all NPV fig
Slide 12: ASX listing rule 5.28.2
ASX listing rule 5.28.2 For personal use only The estimated quantities of petroleum that may potentially be recovered by application of a future development project(s) relate to undiscovered accumulations. These estimates have both a risk of discovery and a risk of development. Further exploration a
Slide 13: Dougga Appraisal Gas Condensate Contingent Resources
DOUGGA APPRAISAL GAS CONDENSATE CONTINGENT RESOURCES 1C 2C 3C For personal use only Total Oil Equivalent [mmboe] 88 173 268 Dougga-West Liquids: Condensate & LPG [mmbls] 47 91 142 Sales Gas [bcf] 264 517 804 Dougga Sources: Competent persons reports (CPR) by TRACS and ISIS, Development Plan by Genes
Slide 14: Carbonate Reservoir Geometries
CARBONATE RESERVOIR GEOMETRIES Isochron map of Abiod – Near Sidi Kralif For personal use only A Dougga-1 A’ Canyon proj. A A’ Ain Grab Canyon? Abiod Abiod Carbonate Reservoir: Undrilled Reservoir Upside 13
Slide 15: Carbonate Reservoir Geometries
CARBONATE RESERVOIR GEOMETRIES Isochron map of top Abiod – near base For personal use only Cretaceous Canyon? Canyon? 14
Slide 16: Carbonate Reservoir Geometries
CARBONATE RESERVOIR GEOMETRIES For personal use only A Dougga-1 A’ proj. Ain Grab Canyon? Abiod Abiod Carbonate Reservoir: Undrilled Reservoir Upside 15
Slide 17: Dougga Production Forecast
DOUGGA PRODUCTION FORECAST (Tracs, Genesis) For personal use only Sales Gas CO2 50 MMscfpd 32 MMscfpd Fuel Gas 4 MMscfpd Raw Gas 106 MMscfpd Condensate 114 kmol/hr Dougga forecast: 22,000 boe/day 50 mmscf/d sales gas (base case) 9,400 bopd condensate production 3,200 bopd LPG production tota
Slide 18: ASX listing rule 5.28.2
ASX listing rule 5.28.2 For personal use only The estimated quantities of petroleum that may potentially be recovered by application of a future development project(s) relate to undiscovered accumulations. These estimates have both a risk of discovery and a risk of development. Further exploration a
Slide 19: Romania Parta Block – ADX Operated
ROMANIA PARTA BLOCK – ADX OPERATED For personal use only Fiscally attractive Concession agreement signed with NAMR in January 2011. Ratified by Government in November 2012 Prolific permit in a proven and producing hydrocarbon province in Romania. 1,221 km² acreage with 40 identified oil & ga
Slide 20: Parta permit 2D and 3D seismic program
Parta permit 2D and 3D seismic program For personal use only 19
Slide 21: Parta permit 2D and 3D seismic program
Parta permit 2D and 3D seismic program For personal use only 20
Slide 22: Parta permit – first results from 2D seismic
Parta permit – first results from 2D seismic For personal use only 21
Slide 23: Parta permit 2D seismic first results
Parta permit 2D seismic first results For personal use only 22
Slide 24: Forecast Activities
FORECAST ACTIVIES For personal use only Dougga appraisal program and Sicily Channel exploration program Dougga + exploration well farmout Q3 2014 Drill Dougga gas condensate field appraisal well 2015/2016 Drill exploration well Dougga - West 2015/2016 Complete seismic onshore Romania Q3 20
Slide 25: For personal use only
For personal use only This document has been prepared by ADX Energy Limited for the purpose of providing an activity update to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitmen
Slide 26: For personal use only
For personal use only Ian Tchacos Non executive Chairman Wolfgang Zimmer Managing Director Paul Fink Technical Director Office Suite 1, 45 Ord Street West Perth, WA, 6005 T: 61 8 9226 2822 F: 61 8 9226 5333 Website www.adxenergy.com.au Email [email protected] ASX Code ADX 25
Slide 27: Thank You!
For personal use only THANK YOU! 26
Slide 28: ASX Listing Rules – Contingent Resources Information
In accordance with the new ASX Listing Rules (Chapter 5) applicable to the reporting of oil and gas activities and contingent resources for oil and gas projects, ADX Energy Ltd provides additional detailed information in the table below. Listing Information required Commentary Rule For personal use
Slide 29: Contingent Resources Definitions and Contingencies
potentially recoverable from known accumulations by application of development projects, but which are not currently considered to be commercially recoverable due to one or more contingencies. For personal use only 1C‐ Denotes low case estimate scenario of contingent resources‐ When applied to Dougg
Slide 30: ASX Listing Rules – Contingent Resources (continued)
5.33.4 A brief explanation of The reported estimates of contingent resources are contingent resources that are not contingent on technology under development. contingent on technology under development 5.33.5 Further details regarding land The reported estimates of contingent resources do For person
Slide 31: Prospective Resources – Dougga West
In accordance with the new ASX Listing Rules (Chapter 5) applicable to the reporting of oil and gas activities and prospective resources for oil and gas projects, ADX Energy Ltd provides additional detailed information in the table below. Best Expected Chance of Chance of Resource License Prospect N
Slide 32: Prospective Resources Definitions
of a given date, to be potentially recoverable from undiscovered accumulations. Low Estimate scenario of Prospective Resources ‐ denotes a conservative estimate For personal use only of the quantity that will actually recovered from an accumulation by an oil and gas project. When probabilistic metho
Slide 33: Prospective Resources – Lambouka
In accordance with the new ASX Listing Rules (Chapter 5) applicable to the reporting of oil and gas activities and prospective resources for oil and gas projects, ADX Energy Ltd provides additional detailed information in the table below. For personal use only Best Expected Chance of Chance of Resou
Slide 34: Prospective Resources Definitions
years. Prospective Resources are indicated as those quantities of petroleum estimated, as of a given date, to be potentially For personal use only recoverable from undiscovered accumulations. Low Estimate scenario of Prospective Resources ‐ denotes a conservative estimate of the quantity that will a
Slide 35: Prospective Resources – Elissa
In accordance with the new ASX Listing Rules (Chapter 5) applicable to the reporting of oil and gas activities and prospective resources for oil and gas projects, ADX Energy Ltd provides additional detailed information in the table below. Best Expected Chance of Chance of Resource License Prospect N
Slide 36: Prospective Resources Definitions
of a given date, to be potentially recoverable from undiscovered accumulations. Low Estimate scenario of Prospective Resources ‐ denotes a conservative estimate For personal use only of the quantity that will actually recovered from an accumulation by an oil and gas project. When probabilistic metho
Slide 37: Prospective Resources – Lambouka-Deep
In accordance with the new ASX Listing Rules (Chapter 5) applicable to the reporting of oil and gas activities and prospective resources for oil and gas projects, ADX Energy Ltd provides additional detailed information in the table below. Expected Chance of Chance of Best Estimate License Prospect N
Slide 38: Prospective Resources Definitions
accumulations. Low Estimate scenario of Prospective Resources ‐ denotes a conservative estimate of the quantity that will actually recovered For personal use only from an accumulation by an oil and gas project. When probabilistic methods are used, there should be at least a 90% probability (P90) tha