Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (September 2012)
24 slides from Adx Energy's investor presentation, Sep 26, 2012
Slide 1: ADX Energy Investor Presentation
ASX: ADX For personal use only ADX ENERGY INVESTOR PRESENTATION WOLFGANG ZIMMER Managing Director September, 2012 www.adxenergy.com.au
Slide 2: Disclaimer
For personal use only DISCLAIMER This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a variety of variables whic
Slide 3: Team
TEAM For personal use only Directors Ian Tchacos Non executive Chairman Wolfgang Zimmer Managing Director Paul Fink Executive Director Andrew Childs Non executive Director Company Secretary Peter Ironside
Slide 4: Team
TEAM For personal use only Ian Tchacos BEng, Grad Dip Chemical Eng, Non Executive Chairman Mr. Tchacos is a Petroleum Engineer with over 25 years international experience in corporate development , mergers and acquisitions, petroleum exploration, development and production operations, marketing and
Slide 5: Team
TEAM For personal use only Paul Fink MSc (Geophysics) Executive Technical Director Mr. Fink has over 20 years of petroleum exploration and production industry experience in technical and managerial roles. He started his career as a geophysicist and worked on international exploration and development
Slide 6: Corporate Summary
CORPORATE SUMMARY For personal use only ASX listed international energy explorer (ASX:ADX) Headquartered in Perth, Western Australia Operations offices in Vienna, Austria and Tunis, Tunisia 26% interest in Riedel Resources. (ASX listed Gold and Base metal explorer, ASX:RIE)
Slide 7: Key Strategies
KEY STRATEGIES 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 - appraisal p
Slide 8: Europe – North Africa Assets
EUROPE – NORTH AFRICA ASSETS For personal use only SICILY CHANNEL: ITALY & TUNISIA (5,000 sqkm) Vienna ONSHORE TUNISIA ONSHORE ROMANIA
Slide 9: ADX Energy – Near Term Activity Map
ADX ENERGY – NEAR TERM ACTIVITY MAP For personal use only SICILY CHANNEL – OFFSHORE TUNSIA & ITALY: ROMANIA- ONSHORE: DOUGGA RESOURCE UPGRADE FARMED OUT PARTA: FULLY CARRIED FARM OUT EFFORTS COMMENCED TO: START ACQUISITION LATE 2012/ early 2013 FUND DOUGGA APPRAISAL DRILLING IN 2013 FUN
Slide 10: Milestones Since 2008
MILESTONES SINCE 2008 For personal use only 3D Seismic ADX operated, PGS boat ADX executed a $70 million exploration program with only $13 million of shareholder funds maintaining high interest levels. Offshore Sicily ADX rig Acquired high quality assets with moderate commitments New Geostreamer
Slide 11: Energy Assets: Selected Examples
For personal use only ENERGY ASSETS SELECTED EXAMPLES www.adxenergy.com.au
Slide 12: Offshore Italy & Tunisia
OFFSHORE ITALY & TUNISIA Combined most likely contingent and prospective resources: For personal use only 1.15 billion barrels oil equivalent. Kerkouane-1 Lambouka Elissa Dougga - West Total ADX areas approx. 5,000sqkm
Slide 13: Vision: The Dougga Hub
VISION: THE DOUGGA HUB For personal use only A LARGE GAS 15 km CONDENSATE RESOURCE CLOSE Dougga Dougga Lambouka West TO MARKETS Satellite Appraisal Appraisal & Exploration Drill Deeper Condensate-rich resource Possibility for oil Close to shore (40kms) Close to onshore infrastructure Close
Slide 14: Dougga & Dougga-West: Only 9km Apart
DOUGGA & DOUGGA – WEST: ONLY 9KM APART For personal use only DOUGGA-1 CB run Jan 2012, GRV method p90 p50 MEAN p10 Total RECOVERABLE MMBOE 88 159 173 268 DOUGGA-1 Abiod RECOVERABLE MMBOE 71 133 142 225 Total Sales Gas recoverable [bcf] 264 476 517 804 Total Condensate Recoverable [mmbbls] 35 63 68 1
Slide 15: Dougga Production Forecast
DOUGGA PRODUCTION FORECAST 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 project NPV (10) 1.6
Slide 16: Romania Parta Block – ADX Operated
ROMANIA PARTA BLOCK – ADX OPERATED For personal use only FULLY FUNDED THROUGH RECENT FARMOUT ASSET HIGHLIGHTS Fiscally attractive Concession agreement signed in January 2011. Parta is a prolific permit in a proven and producing hydrocarbon province in Romania. 1,221 km² acreage with 40 identif
Slide 17: Romania Parta Block
ROMANIA PARTA BLOCK Acquire modern 2D and 3D seismic (first time) in oil & gas producing For personal use only province. Low cost seismic and low cost drilling with access to European gas markets AMPLITUDE SUPPORTED STRATIGRAPHIC TRAPS INFRASTRUCTURE, PERFECT SEISMIC CONDITIONS UNDRILLED CLOSURE
Slide 18: Risk vs Reward – Top Eight Projects
RISK vs REWARD - TOP EIGHT PROJECTS use only Gas condensate Oil Italy/ Tunisia 3D Gas Lambouka Deep Tunisia 3D Medium risk Romania Dougga West 3D Parta Gas For personal Italy/ Tunisia 3D Lambouka Appraisal Tunisia Tunisia Romania Eastern Chorbane 3D 3D ..to be acquired Dougga Appraisal Parta Oil Low
Slide 19: Near – Mid Term News Flow
NEAR – MID TERM NEWS FLOW For personal use only Commencement of fully funded Romanian seismic & drilling program, communicate potential significant impact to market. Farm out Offshore Sicily Channel to fund drilling of Dougga, Dougga-West, Lambouka. Shift focus of onshore Tunisia exploration t
Slide 20: Riedel Resources Ltd
Riedel Resources Ltd For personal use only Riedel Resources Limited (ASX: RIE) is an Australian-based exploration company established to explore for and develop gold, copper and base metals deposits within significant land holdings in richly mineralised Proterozoic and Archaean terrains in West Afri
Slide 21: Riedel Resources Ltd
Riedel Resources Ltd Very prospective exploration projects in WA and West Africa, including significant For personal use only exposure to: • West Africa: Fastest growing gold producing region in the world • Western Australia: Emerging major metallogenic province hosting the Degrussa, Enigma and Thad
Slide 22: Shareholding
SHAREHOLDING For personal use only Top 5 Shareholders 1. JP Morgan 29 2. A R Childs 3 3. HSBC 3 4. Runyon Pty Ltd 2 5. Vasse Group 2 Top 20 48 Management 14 Financial Institutions 34
Slide 23: Why Invest in ADX?
WHY INVEST IN ADX ? For personal use only ADX - Exposure to over 1 billion barrels prospective appraisal and exploration resource ADX - Offshore Sicily Channel farm out to fully fund drilling of appraisal of Dougga gas condensate field ADX - Romania exploration already fully funded to commence
Slide 24: Contact Us
CONTACT US Ian Tchacos Chairman For personal use only Wolfgang Zimmer Managing Director Paul Fink Technical Director Office Suite 6, Level 2, 11 Ventnor Avenue 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