ADX Energy Ltd · ASX:ADX
ADX Energy — Investor Presentation (October 2023)
24 slides from ADX Energy's investor presentation, Oct 9, 2023
Slide 1: An ASX listed European Energy Producer and Explorer
For personal use only An ASX listed European Energy Producer and Explorer Ian Tchacos | Executive Chairman “Reliable energy doesn’t need to cost the earth” ASX:ADX I n v eASX: s t oADX r Update | 9 October 2023 adx-energy.com
Slide 2: Disclaimer Statement
2 Disclaimer Statement Important notice: For personal use only This document has been prepared by ADX Energy Ltd (“ADX”) for the purpose of providing information to interested analysts, investors and shareholders. Any statement, opinions, projections, forecasts or other materials contained in this d
Slide 3: A Compelling Investment Proposition for European Energy Security
A Compelling Investment Proposition 3 for European Energy Security For personal use only ▪ Enterprise Value (EV) = US$ 17.5 m Strong Meaningful World-class Value Adding, Underlying Reserves and Exploration Complementary ▪ EV per 2P reserves = US$ 4.05/boe and Increasing production Portfolio in the R
Slide 4: Corporate and Asset Summary
4 Corporate and Asset Summary Positioned for a smarter, cleaner future for Europe Austria Oil & Gas Assets Austria Clean Energy Projects Financial information For personal use only Vienna Basin fields – 100% (production) Vienna Basin Green Hydrogen project – 100% Anshof oil discovery – 80% (producti
Slide 5: Our focus is on Austria
Our focus is on Austria 5 A hidden energy gem with a rapid pathway from exploration to production and lots of running room A significant oil and gas industry For personal use only 1 billion bbl oil & 2.7 Tcf gas produced to date 75 Years oil & gas duopoly before ADX becoming the third operator in co
Slide 6: Recent highlights
6 Recent highlights Welchau Gas Prospect Anticline Last twelve months of activities Showing Mapping based on Surface Geology Surface expression of Welchau gas prospect 100 km2 area anticline Financial For personal use only ➢ Increasing Revenues 2022 Sales up to $14.4 million (+59%) ➢ Increasing Cash
Slide 7: Forecast Activities
7 Forecast Activities Exceptional potential growth period funded by farmouts An exceptional period of drilling activity For personal use only • 2 Appraisal & development wells • 2 High impact gas exploration wells Entire program almost entirely funded by farmouts Production and cash flow growth • Th
Slide 8: Vienna Basin and Upper Austria Production and Development
For personal use only Vienna Basin and Upper Austria Production and Development provides a a solid and rapidly growing cash flow base 8
Slide 9: Austrian Production and Development Assets
9 Austrian Production and Development Assets Stable, high value production with high growth potential Vienna Basin Fields (100% interest) Anshof Oil Project (50% interest) For personal use only ✓ Low emission, low decline production delivering ✓ Anshof-3 well in production 6 months after testing lon
Slide 10: Long-term Future for Vienna Basin Fields
10 Long-term Future for Vienna Basin Fields With addition of Solar Park, Hydrogen generation and Hydrogen Storage Vienna Basin Green Hydrogen ADX owned land for Solar Park Project Concept Schematic For personal use only 1.5 MWp plus being considered for self consumption, Hydrogen generation and poss
Slide 11: Anshof Field Development
11 Anshof Field Development Near Term Appraisal & Development Program Summary of Near-term Activities Fast track development For personal use only wells targeting high • Continue production from successful Anshof-3 well productivity thick Eocene • Drill and complete Anshof-2 targeting thicker sands
Slide 12: Upper Austria Exploration Portfolio
For personal use only Upper Austria Exploration Portfolio is a pathway to exceptional growth 12
Slide 13: Upper Austria Exploration
Upper Austria Exploration High impact, drill ready portfolio in the heart of Europe 1020 km2 For personal use only 807 bcfe1 World-class Welchau 1 gas prospect to be drilled in 2023. acreage Adjacent to tested gas discovery at Molln 20 Prospects Anshof near field, low risk follow 2 2 up oil prospect
Slide 14: Upper Austria Exploration Value Offering
14 Upper Austria Exploration Value Offering Proven basin with exceptional growth potential ADX approaching the top of the value pyramid for oil and gas in Upper Austria Increasing valueuse only Value realization at Anshof Development drilling, increasing production and Reserves ✓ 2 new high producti
Slide 15: Welchau-1 Giant Gas Prospect
15 Welchau-1 Giant Gas Prospect Preparation for drilling and multiple follow ups if successful • Drilling permit for Welchau-1 well has been secured with Welchau Gas Prospect Prospective Recoverable Resources Estimates commencement of drilling expected in Q4 2023 For personal use only Minimum Best T
Slide 16: IRR-1 Gas Prospect
16 IRR–1 Gas Prospect New work results in (+110%) resources increase Min Max New technical interpretation using seismic responses indicative of IRR Prospect (P90) Best Technical (P10) gas and nearby well data For personal use only Mmboe 1.6 6.3 13.1 Analysis of analogous gas reservoirs in nearby gas
Slide 17: Anshof Oil Field Satellite Prospects
17 Anshof Oil Field Satellite Prospects De-risked with new work and Anshof success GRB is now a low-risk, high reward oil appraisal project • Historic ASCH-1 well on structure proved oil flow to surface ADX AT-II For personal use only • Modern 3D seismic data and ADX structural interpretation that w
Slide 18: New Trend of Low Risk, Shallow Gas Prospects
18 New Trend of Low Risk, Shallow Gas Prospects Portfolio addition from new ideas and state of the art techniques New gas prospects have been matured Combination of AI Software, an international team of For personal use only Best Technical Best Technical Fluid Prospect Recoverable Recoverable strati
Slide 19: Geothermal Prospect with Oil and Gas Targets
19 Geothermal Prospect with Oil and Gas Targets The GMU prospect combines geothermal opportunity with multiple Map showing large many geothermal projects (blue overlying oil and gas targets defined on 3D seismic symbols) in Bavaria in same reservoir as GMU Project Jurassic fractured For personal use
Slide 20: ADX role in European Energy Transition
ADX role in European Energy Transition Well positioned in the near term as well as long term Growth in Global Energy Demand For personal use only ➢ Oil & gas demand continues to Pace of Transition to Date increase The transition to renewables is taking longer than expected ➢ Gas is a transition fuel
Slide 21: Complementary Renewable Energy Projects
21 Complementary Renewable Energy Projects Maximum potential with minimum fuss For personal use only Green H2 project Green H2 project Solar power Gmunden pilot phase scaleup phase project geothermal project (Vienna Basin) (Vienna Basin) (Vienna Basin) (Upper Austria) Production & storage of green P
Slide 22: The ADX Team
22 The ADX Team Our Team A highly experienced management team with a proven track Experience of our Board and Management Team For personal use only record of initiating, operating and developing international Mr Ian Tchacos energy projects. Executive Chairman 35 years oil and gas professional - Petr
Slide 23: Near Term Activities
23 Near Term Activities For personal use only 01 03 05 Anshof-2 and Further Farm in Additional Gas Anshof-1 appraisal Transactions Prospect drilling and development Wells Strong industry interest to High impact gas prospects fund additional drilling and shallow high value Increase production rate by
Slide 24: Thank you for your attendance
For personal use only Thank you for your attendance For further information contact: Ian Tchacos ASX: ADX Executive Chairman adx-energy.com [email protected] Paul Fink Chief Executive Officer [email protected] Connect with Us Amanda Sparks Finance Manager & Company Secretary Better