Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (September 2025)
28 slides from Adx Energy's investor presentation, Sep 11, 2025
Slide 1: Company Presentation – Sicily Channel Permit, Offshore Italy
For personal use only E U R O P E A N F O C U S S E D ENERGY P R O D U C E R & E X P L O R E R Company Presentation – Sicily Channel Permit, Offshore Italy “A New Gas Frontier at Europe’s Door-Step” Presented by: • Ian Tchacos - Executive Chairman • Paul Fink – Chief Executive • Giuseppe Rigo – Ital
Slide 2: Disclaimer (Cautionary Statement)
DISCLAIMER (CAUTIONARY STATEMENT) IMPORTANT NOTICE: PRMS RESERVES CLASSIFICATIONS USED IN THIS PRESENTATION: This document has been prepared by ADX Energy Ltd (“ADX”) for the purpose of providing information to Developed Reserves are quantities expected to be recovered from existing wells and facili
Slide 3: Investment Proposition and Operating Strategy
INVESTMENT PROPOSITION AND OPERATING STRATEGY A COMPELLING PORTFOLIO: STABLE PRODUCTION, LOW-RISK IMMEDIATE GROWTH AND HIGH IMPACT EXPLORATION Austrian Austrian New Italian Value Adding Operating Multiple Long Term Exploration Growth Renewable Capability Farmouts Production Portfolio Portfolio Proje
Slide 4: Geography, Finance and Strategic Position
GEOGRAPHY, FINANCE AND STRATEGIC POSITION Capital Structure 01 Ticker ASX: ADX FRA: GHU For personal use only Share Price (at 25 August 2025) A$0.031 Number of shares 584m Number of options 94m Market capitalisation A$18.1M Cash (unrestricted) at 30 June 2025 A$4.8M 02 Debt A$1.3M Enterprise value A
Slide 5: Recent Activities and Results
RECENT ACTIVITIES AND RESULTS SUMMARY OF RESULTS – Q2 2025 Current Quarter Previous Quarter % age Change For personal use only Net Production Rate (BOEPD) 303 246 +23% Average Oil Price Brent (US$/bbl) US$67.82 US$75.66 - 10% Sales Revenue A$ 2.6 million 1 A$ 2.5 million +4% Cash Unrestricted A$ 4.8
Slide 6: Favourable Operating Positions in Austria and Italy
FAVOURABLE OPERATING POSITIONS IN AUSTRIA AND ITALY “Highly prospective, Short exploration time-lines; high value hydrocarbons and rapid development cycles ” Infrastructure Access excellent for oil and gas in Austria; excellent for gas in Italy’s Sicily Channel Energy Demand high demand for both
Slide 7: Near-Term Activities – Value Development Catalysts
NEAR-TERM ACTIVITIES – VALUE DEVELOPMENT CATALYSTS Q4 2025 Q1 2026 Q2 2026 For personal use only Shallow Gas Drilling Upper Austria Farmout GOLD Prospect A low risk, high Permitting and Rig Contracting value pathway to new cash flow Drill 2 firm wells plus an optional well Anshof Near Field Oi
Slide 8: Sicily Channel C.R150.AU Permit, Offshore Italy – Presentation Agenda
SICILY CHANNEL “C.R150. AU” PERMIT, OFFSHORE ITALY Presentation Agenda 1. Italy Energy Background – Giuseppe Rigo For personal use only 2. Sicily Channel Exploration and Production History – Paulo Pace 3. Permit Gas Play and Proven Analogies 4. Permit Data Availability and Prospectivity Assessment –
Slide 9: Italy Energy Background
ITALY ENERGY BACKGROUND Political System • Italy is a parliamentary republic, with a multi-party system, led by a prime minister (Giorgia For personal use only Meloni), appointed by the President of the Republic (Sergio Mattarella) • Most of the Italian government’s activity has been focused on econ
Slide 10: Italy Energy Background (Continued)
ITALY ENERGY BACKGROUND (CONTINUED) Licencing • Exploration permits are of six years initial length, with two possible renewals for three years For personal use only each • Granting requires EIA’s approval from the Ministry of the Environment • Entitles holder to carry out any kind of geological and
Slide 11: Italy Energy Background (Continued) – Sicily Channel Infrastructures
ITALY ENERGY BACKGROUND (CONTINUED) Sicily Channel Infrastructures The Trans-Mediterranean Pipeline (TransMed) is a natural gas pipeline from Algeria via Tunisia to Sicily and then to mainland Italy. An extension of the For personal use only TransMed pipeline delivers Algerian gas to Slovenia The C.
Slide 12: Exploration and Production History - Nilde Oil Field
EXPLORATION AND PRODUCTION HISTORY - NILDE OIL FIELD • Re-development of the prematurely abandoned Nilde Oil Field (Agip-ENI 1973 discovery) which previously produced 20.5 For personal use only MMbbl of 39° API oil in the 80s from the Nilde Fm. reefal fractured carbonates of Middle Miocene Serravall
Slide 13: Exploration and Production History - Sicily Gas E&P Overview
EXPLORATION AND PRODUCTION HISTORY - SICILY GAS E&P OVERVIEW • C.R 150.AU Exploration license (345.90 km2) in marine Zone C with Nilde oil field, proven shallow biogenic gas and several gas and oil leads/prospects (water depth For personal use only 70-130 m) • G.C 1.AG Production license (ENI Medite
Slide 14: Exploration and Production History - Argo-Cassiopea Fields
EXPLORATION AND PRODUCTION HISTORY - ARGO-CASSIOPEA FIELDS • Production started in August 2024 from Argo-Cassiopea (2007-08 ENI discoveries) fields located 30 km off the SW Sicily coast in a water depth of 550-620 m 10 Bcm (353 bcf) of reserves (ENI) declared as the biggest For personal use only • o
Slide 15: Exploration and Production History - Gemini Discovery
EXPLORATION AND PRODUCTION HISTORY - GEMINI DISCOVERY • Gemini-1 exploration well drilled in late 2024 by the Saipem 10000 drilling ship within the production For personal use only concession G.G 1.AG • Gas discovery within the Gemini 3D-amplitude anomaly supported prospect located a few km south of
Slide 16: Exploration and Production History - ADX Offshore Tunisia-Italy Past Exploration
EXPLORATION AND PRODUCTION HISTORY - ADX OFFSHORE TUNISIA-ITALY PAST EXPLORATION ACTIVITIES • Large dual-sensor 3D survey acquired by ADX in 2010 with PGS dual-sensor technology (Geostreamer) over the Dougga For personal use only condensate and Lambouka gas fields • Excellent imaging of the Miocene
Slide 17: Exploration and Production History - Lippone-Mazara Gas Field
EXPLORATION AND PRODUCTION HISTORY - LIPPONE-MAZARA GAS FIELD • Lippone-Mazara biogenic gas field located onshore SW Sicily (ENI 100%) • Discovered in 1960 by Agip recovered 82.01% of its total recoverable reserves with peak production in 1988 Based on economic assumptions production will continue u
Slide 18: Permit Gas Play & Proven Analogies - C.R150.AU Gas Play Type
PERMIT GAS PLAY & PROVEN ANALOGIES - C.R 150.AU GAS PLAY TYPE • Biogenic gas play within the siliciclastic foredeep sequence of the Upper Tortonian- Lower Messinian Terravecchia Fm. proven by Lippone-Mazara gas field • Working biogenic gas system also testified by several For personal use only gas s
Slide 19: Permit Gas Play & Proven Analogies - Nilde-2 Gas Shows
PERMIT GAS PLAY & PROVEN ANALOGIES - NILDE-2 GAS SHOWS • Strong gas shows reported from the Nilde 2 (first Nilde oil field production well drilled in 1976) Nilde 2 well within the Tortonian-Messinian Terravecchia Fm. For personal use only • AC-80 seismic line (2015 purchase from ENI) across the Nild
Slide 20: Permit Gas Play & Proven Analogies - 3D Seismic Improves Prospectivity
PERMIT GAS PLAY & PROVEN ANALOGIES - 3D SEISMIC IMPROVES PROSPECTIVITY LEGACY 2D LINE 80s ACROSS CASSIOPEA FIELD NEW 3D SHOWING CASSIOPEA FIELD AND VELA PROSPECT G-82-134 For personal use only ViDEPI Database From ENI documentation presented for VIA • Legacy seismic line versus new 3D seismic showin
Slide 21: Data Availability - Purchased for Nilde Oil Field Evaluation (2016)
DATA AVAILABILITY- PURCHASED FOR NILDE OIL FIELD EVALUATION (2016) For personal use only Detailed well data & core data acquired from ENI Nilde oil production & reserves data Seismic data review & purchase from ENI who acquired seismic from 1973 to 1992 ADX 2D seismic Carbonate reservoir interpretat
Slide 22: Prospectivity Assessment - New Government & License Offer in 2022
PROSPECTIVITY ASSESSMENT - NEW GOVERNMENT & LICENSE OFFER IN 2022 • After 2019 moratorium of offshore and onshore 2025 final area award: 345.90 km2 exploration (refer ASX 4th Feb. 2019) the new government offered ADX in 2022 a revised 2022 revised area proposal d363C.R-AX area, conditional on gas ex
Slide 23: Data Availability - Gas Proven in a Large Area Within Similar Reservoirs
DATA AVAILABILITY - GAS PROVEN IN A LARGE AREA WITHIN SIMILAR RESERVOIRS 1 1: ADX -- C.R 150. AU 3: Several Miocene gas 1. ADX C.R 150.AU well data & 2D sandstone reservoirs in onshore seismic clearly proves high porosity wells, close to Lippone Miocene sandstone and gas (2D DHI) 3: Onshore Sicily F
Slide 24: Planned Work Program - Key Near Term Activities & Expected Results
PLANNED WORK PROGRAM - KEY NEAR TERM ACTIVITIES & EXPECTED RESULTS ADX will increase the historically acquired 2D seismic dataset via purchases STRAT TRAPS LEADS TO from several companies, mainly ENI BECOME NEW PROSPECTS Modern Seismic reprocessing is expected to significantly improve resolution
Slide 25: Planned Work Program - Further Activities & Results
PLANNED WORK PROGRAM - FURTHER ACTIVITIES & RESULTS • Gas resources and chance of success (COS) of existing and new potential prospects should be identified after the reinterpretation of reprocessed 2D seismic data independently reviewed by international experts. Based on the interpreted high qualit
Slide 26: Indicative Potential in Case of Success – BCF Scenario
INDICATIVE POTENTIAL IN CASE OF SUCCESS – 300 BCF SCENARIO 1 Key Project Attributes Indicative Capital Costs US$ 000 Shallow water – 100 m compared to 700 m at ENI’s Argo Exploration and development wells $ 135,000 Cassiopea field Subsea well heads, manifold, Shallow to moderate drill depths 600
Slide 27: Indicative Potential in Case of Success – Subsea Development Scenario
INDICATIVE POTENTIAL IN CASE OF SUCCESS – SUBSEA DEVELOPMENT SCENARIO Revenue Split in US$ for 300 BCF case 1 For personal use only 1 Refer to Cautionary Statement in slide 3 of this presentation ADX Energy (ASX: ADX) | Investor Presentation – Sicily Channel Webinar | 11 September 2025 27
Slide 28: Thank You
For personal use only Thank You For further information: Ian Tchacos Executive Chairman [email protected] ASX: ADX Paul Fink adxenergy.com.au Chief Executive Officer [email protected] Amanda Sparks Connect with Us Finance Manager & Company Secretary [email protected] B